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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
SWM
176
Spire Wealth Management
Virginia
$178K +$2.11K +56 +1%
AF
177
Allworth Financial
California
$170K +$75 +2 +0%
CFD
178
Creative Financial Designs
Indiana
$164K -$58.3K -1,545 -27%
S
179
SignatureFD
Georgia
$158K – – –
JP Morgan Chase
180
JP Morgan Chase
New York
$141K +$126K +3,341 +1,465%
GWM
181
Geneos Wealth Management
Colorado
$127K – – –
BBHC
182
Brown Brothers Harriman & Co
New York
$125K -$40K -1,059 -25%
IA
183
IFP Advisors
Florida
$91.9K +$453 +12 +0.5%
AF
184
Advisornet Financial
Minnesota
$84.8K +$25.7K +680 +47%
EWA
185
EverSource Wealth Advisors
Alabama
$79.2K -$18.9K -500 -20%
AssetMark Inc
186
AssetMark Inc
California
$77.1K +$49.1K +1,302 +202%
AIM
187
Anchor Investment Management
South Carolina
$68.5K +$4.04K +107 +7%
GRP
188
Global Retirement Partners
California
$67K – – –
CA
189
Centerpoint Advisors
Massachusetts
$67K – – –
BONH
190
Bank of New Hampshire
New Hampshire
$61.8K – – –
CTA
191
Colonial Trust Advisors
South Carolina
$59.4K – – –
NSIM
192
North Star Investment Management
Illinois
$57.4K – – –
LFG
193
Larson Financial Group
Missouri
$57.1K – – –
LI
194
LRI Investments
Florida
$57.1K – – –
GWSG
195
GPS Wealth Strategies Group
Colorado
$49.6K – – –
SIC
196
Salem Investment Counselors
North Carolina
$49.4K – – –
Rockefeller Capital Management
197
Rockefeller Capital Management
New York
$45.9K +$43.7K +1,158 New
LCM
198
Logan Capital Management
Pennsylvania
$39.6K – – –
PTC
199
Private Trust Company
Ohio
$39.6K – – –
WB
200
Webster Bank
Connecticut
$39.4K – – –
6 7
8
9 10

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.