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Reaves Utility Income Fund
UTG

238 hedge funds and large institutions have $444M invested in Reaves Utility Income Fund in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 98 increasing their positions, 50 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 50

11% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 28

0% more funds holding

Funds holding: 238 → 238 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.1% less ownership

Funds ownership: 14.24% → 14.14% (-0.1%)

11% less capital invested

Capital invested by funds: $497M → $444M (-$52.3M)

Holders
238
Holders Change
–
Holders Change %
0%
% of All Funds
2.89%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
31
Increased
98
Reduced
50
Closed
28
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
WANY
Wealthspire Advisors (New York)
New York
+$5.49M
2
LPL Financial
LPL Financial
California
+$3.55M
3
HAS
HBW Advisory Services
California
+$2.75M
4
Morgan Stanley
Morgan Stanley
New York
+$2.57M
5
Corient Private Wealth
Corient Private Wealth
Florida
+$1.65M

Top Sellers

1
CA
Cornerstone Advisors
North Carolina
-$18M
2
AIA
Absolute Investment Advisers
Florida
-$5.14M
3
CPRC
Consolidated Portfolio Review Corp
New York
-$2.61M
4
QL
Quarry LP
New York
-$1.9M
5
NFSG
Newbridge Financial Services Group
Florida
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
IRC
151
Investors Research Corp
Georgia
$259K – – –
PS
152
Principal Securities
Iowa
$251K +$2.28K +60 +0.9%
MC
153
Moors & Cabot
Massachusetts
$242K – – –
AFO
154
Allie Family Office
Florida
$237K – – –
Invesco
155
Invesco
Georgia
$235K +$244K +6,417 New
IWP
156
Innova Wealth Partners
Pennsylvania
$233K +$242K +6,361 New
PM
157
Penbrook Management
New York
$220K -$1.9K -50 -0.8%
AIA
158
Armor Investment Advisors
North Carolina
$219K – – –
CSP
159
Cary Street Partners
Virginia
$219K +$16.3K +429 +8%
SWP
160
Semus Wealth Partners
Florida
$218K -$87K -2,289 -28%
BA
161
Ballew Advisors
Mississippi
$217K +$3.5K +92 +2%
EPG
162
Estate Planners Group
Pennsylvania
$215K +$223K +5,870 New
SC
163
Savant Capital
Illinois
$213K – – –
EAM
164
Everstar Asset Management
North Carolina
$207K – – –
CA
165
CoreCap Advisors
Michigan
$205K -$38K -1,000 -15%
HI
166
Harbour Investments
Wisconsin
$204K -$26.4K -695 -11%
HHCP
167
Hilton Head Capital Partners
South Carolina
$191K +$198K +5,215 New
SWM
168
Spire Wealth Management
Virginia
$166K +$2.24K +59 +1%
AF
169
Allworth Financial
California
$164K +$7.6K +200 +5%
KFA
170
Kelleher Financial Advisors
New York
$161K +$168K +4,411 New
CFD
171
Creative Financial Designs
Indiana
$151K +$190 +5 +0.1%
S
172
SignatureFD
Georgia
$146K – – –
AG
173
AmeriFlex Group
Nevada
$142K -$147K -3,873 -50%
JP Morgan Chase
174
JP Morgan Chase
New York
$130K -$494 -13 -0.4%
GWM
175
Geneos Wealth Management
Colorado
$118K – – –
5 6
7
8 9

UTG Hedge Fund Activity: Q4 2025 in Review

238 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2025, worth a combined $444M — down 11% from $497M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new UTG positions and 28 closed out — a net gain of 3 holders — while 98 added to existing stakes and 50 trimmed.

The largest buyer was Wealthspire Advisors (New York), opening a new position worth an estimated $5.49M. The largest seller was Cornerstone Advisors, cutting an estimated $18M.

  • 238 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2025, unchanged from Q3 2025.
  • Funds reported $444M of Reaves Utility Income Fund stock for Q4 2025, down 11% quarter-over-quarter.
  • 31 funds opened new Reaves Utility Income Fund positions in Q4 2025 and 28 closed out, a net change of +3 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2025 was Wealthspire Advisors (New York), an estimated $5.49M added.
  • The largest Reaves Utility Income Fund seller in Q4 2025 was Cornerstone Advisors, an estimated $18M sold.

Based on aggregated 13F filings for Q4 2025.