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Reaves Utility Income Fund
UTG

199 hedge funds and large institutions have $360M invested in Reaves Utility Income Fund in 2025 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 83 increasing their positions, 40 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 40

14% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 22

11% more capital invested

Capital invested by funds: $325M → $360M (+$34.6M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.42% less ownership

Funds ownership: 12.99% → 12.57% (-0.42%)

1% less funds holding

Funds holding: 201 → 199 (-2)

Holders
199
Holders Change
-2
Holders Change %
-1%
% of All Funds
2.67%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
83
Reduced
40
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CA
Cornerstone Advisors
North Carolina
+$13.4M
2
Bank of America
Bank of America
North Carolina
+$3.52M
3
Morgan Stanley
Morgan Stanley
New York
+$2.74M
4
WANY
Wealthspire Advisors (New York)
New York
+$1.96M
5
NS
NBC Securities
Alabama
+$1.83M

Top Sellers

1
JWCA
J.W. Cole Advisors
Florida
-$8.38M
2
Osaic Holdings
Osaic Holdings
Arizona
-$5.17M
3
Raymond James Financial
Raymond James Financial
Florida
-$1.01M
4
WAM
Wolverine Asset Management
Illinois
-$932K
5
RAM
Readystate Asset Management
Illinois
-$746K
Name Holding Trade Value Shares
Change 		Change in
Stake
HNB
176
Huntington National Bank
Ohio
$21.2K – – –
SWA
177
SOA Wealth Advisors
New York
$19.9K – – –
OWP
178
ORG Wealth Partners
Texas
$19.1K +$19.1K +581 New
SL
179
Salomon & Ludwin
Virginia
$18.9K – – –
UB
180
UMB Bank
Missouri
$18.7K – – –
KFI
181
Key Financial Inc
Pennsylvania
$18K – – –
CA
182
Clearstead Advisors
Ohio
$17.9K +$18.1K +550 New
MFA
183
McClarren Financial Advisors
Pennsylvania
$16K +$1.05K +32 New
PFBT
184
Parkside Financial Bank & Trust
Missouri
$15.8K – – –
HCM
185
Hollencrest Capital Management
California
$12.9K – – –
BlackRock
186
BlackRock
New York
$12.5K +$12.6K +384 New
RMC
187
Resources Management Corp
Connecticut
$12K +$11.7K +356 New
FDCDDQ
188
Federation des caisses Desjardins du Quebec
Quebec, Canada
$11.6K – – –
TCM
189
Tradewinds Capital Management
Washington
$10.4K – – –
CIBC Private Wealth Group
190
CIBC Private Wealth Group
Georgia
$8.75K +$33 +1 +0.3%
SRCM
191
Signature Resources Capital Management
California
$8.13K – – –
VCM
192
Versant Capital Management
Arizona
$7.6K -$2.27K -69 -23%
SSB
193
Sandy Spring Bank
Maryland
$6.54K – – –
DAM
194
Delta Asset Management
Tennessee
$6.51K – – –
BHWM
195
Beaird Harris Wealth Management
Texas
$5.7K +$5.75K +175 New
AP
196
Aspect Partners
Virginia
$3.25K – – –
BWAM
197
Boyd Watterson Asset Management
Ohio
$3.25K – – –
DFA
198
DHJJ Financial Advisors
Illinois
$3.19K – – –
RBC
199
Roble Belko & Company
Pennsylvania
$2K +$33 +1 +1%
TRCT
200
Tower Research Capital (TRC)
New York
$163 -$1.45K -44 -90%
5 6 7
8
9

UTG Hedge Fund Activity: Q1 2025 in Review

199 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2025, worth a combined $360M — up 11% from $325M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new UTG positions and 22 closed out — a net gain of 3 holders — while 83 added to existing stakes and 40 trimmed.

The largest buyer was Cornerstone Advisors, opening a new position worth an estimated $13.4M. The largest seller was J.W. Cole Advisors, cutting an estimated $8.38M.

  • 199 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2025, down from 201 in Q4 2024.
  • Funds reported $360M of Reaves Utility Income Fund stock for Q1 2025, up 11% quarter-over-quarter.
  • 25 funds opened new Reaves Utility Income Fund positions in Q1 2025 and 22 closed out, a net change of +3 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2025 was Cornerstone Advisors, an estimated $13.4M added.
  • The largest Reaves Utility Income Fund seller in Q1 2025 was J.W. Cole Advisors, an estimated $8.38M sold.

Based on aggregated 13F filings for Q1 2025.