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Reaves Utility Income Fund
UTG

238 hedge funds and large institutions have $497M invested in Reaves Utility Income Fund in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 97 increasing their positions, 57 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

230% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 10

70% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 57

13% more capital invested

Capital invested by funds: $438M → $497M (+$58.8M)

9% more funds holding

Funds holding: 219 → 238 (+19)

0.49% more ownership

Funds ownership: 13.75% → 14.24% (+0.49%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
238
Holders Change
+19
Holders Change %
+8.68%
% of All Funds
3.12%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
97
Reduced
57
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AIA
Absolute Investment Advisers
Florida
+$4.89M
2
LPL Financial
LPL Financial
California
+$2.63M
3
Bank of America
Bank of America
North Carolina
+$1.98M
4
QL
Quarry LP
New York
+$1.81M
5
GAM
Griffin Asset Management
New York
+$1.5M

Top Sellers

1
WANY
Wealthspire Advisors (New York)
New York
-$3.53M
2
CPRC
Consolidated Portfolio Review Corp
New York
-$2.54M
3
OFA
Oak Family Advisors
Illinois
-$1.06M
4
GC
Guggenheim Capital
Illinois
-$648K
5
TWM
Tradition Wealth Management
Minnesota
-$637K
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
151
Moors & Cabot
Massachusetts
$262K +$250K +6,617 New
CIS
152
Custom Index Systems
New York
$262K -$2.42K -64 -1%
CA
153
CoreCap Advisors
Michigan
$262K +$37.7K +1,000 +18%
PWM
154
Purus Wealth Management
California
$258K +$3.77K +100 +2%
AFO
155
Allie Family Office
Florida
$257K – – –
HI
156
Harbour Investments
Wisconsin
$249K +$42.7K +1,133 +22%
LWA
157
Lowe Wealth Advisors
Maryland
$248K – – –
PM
158
Penbrook Management
New York
$241K -$367K -9,725 -62%
BA
159
Ballew Advisors
Mississippi
$238K +$3.36K +89 +2%
AIA
160
Armor Investment Advisors
North Carolina
$238K -$568K -15,054 -72%
CCAL
161
City Center Advisors LLC
Michigan
$232K +$221K +5,852 New
SC
162
Savant Capital
Illinois
$230K -$12.4K -328 -5%
EAM
163
Everstar Asset Management
North Carolina
$224K – – –
CSP
164
Cary Street Partners
Virginia
$220K -$9.43K -250 -4%
IA
165
IFG Advisory
Georgia
$215K +$204K +5,418 New
RCM
166
RMR Capital Management
California
$213K +$203K +5,373 New
PWMG
167
Pinnacle Wealth Management Group
Michigan
$212K +$202K +5,350 New
RFN
168
RDA Financial Network
Iowa
$212K +$202K +5,344 New
GVAG
169
Great Valley Advisor Group
Delaware
$208K +$198K +5,250 New
KFGK
170
Keystone Financial Group (Kentucky)
Kentucky
$205K -$17.3K -459 -8%
PWM
171
Perigon Wealth Management
California
$204K +$195K +5,160 New
SWM
172
SeaCrest Wealth Management
New York
$204K -$82.1K -2,175 -30%
WGC
173
Watts Gwilliam & Co
Arizona
$204K +$194K +5,150 New
PRTG
174
Post Resch Tallon Group
New York
$203K +$193K +5,125 New
PCP
175
Proficio Capital Partners
Massachusetts
$201K +$191K +5,075 New
5 6
7
8 9

UTG Hedge Fund Activity: Q3 2025 in Review

238 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2025, worth a combined $497M — up 13% from $438M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new UTG positions and 10 closed out — a net gain of 23 holders — while 97 added to existing stakes and 57 trimmed.

The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $4.89M. The largest seller was Wealthspire Advisors (New York), exiting entirely with an estimated $3.53M sold.

  • 238 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2025, up from 219 in Q2 2025.
  • Funds reported $497M of Reaves Utility Income Fund stock for Q3 2025, up 13% quarter-over-quarter.
  • 33 funds opened new Reaves Utility Income Fund positions in Q3 2025 and 10 closed out, a net change of +23 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2025 was Absolute Investment Advisers, an estimated $4.89M added.
  • The largest Reaves Utility Income Fund seller in Q3 2025 was Wealthspire Advisors (New York), an estimated $3.53M sold.

Based on aggregated 13F filings for Q3 2025.