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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
Fifth Third Bancorp
201
Fifth Third Bancorp
Ohio
$37.6K – – –
CI
202
CX Institutional
Indiana
$36K +$34.7K +920 New
ANBT
203
American National Bank & Trust
Texas
$33.7K +$32.1K +850 New
WBC
204
West Branch Capital
Massachusetts
$33.3K +$377 +10 +1%
CT
205
Caldwell Trust
Florida
$32.7K – – –
Q1WB
206
Quest 10 Wealth Builders
Virginia
$27.2K +$25.9K +687 New
AAS
207
Ameritas Advisory Services
Nebraska
$25.8K -$76K -2,014 -76%
OWP
208
ORG Wealth Partners
Texas
$23.8K +$340 +9 +2%
HNB
209
Hilltop National Bank
Wyoming
$23.4K – – –
SL
210
Salomon & Ludwin
Virginia
$23.3K – – –
UB
211
UMB Bank
Missouri
$22.7K – – –
KFI
212
Key Financial Inc
Pennsylvania
$22K – – –
CA
213
Clearstead Advisors
Ohio
$21.8K – – –
MWA
214
Medallion Wealth Advisors
Connecticut
$19.8K +$18.9K +500 New
PFBT
215
Parkside Financial Bank & Trust
Missouri
$19.2K – – –
HCM
216
Hollencrest Capital Management
California
$15.7K – – –
FDCDDQ
217
Federation des caisses Desjardins du Quebec
Quebec, Canada
$14.2K – – –
RMC
218
Resources Management Corp
Connecticut
$14K – – –
TCM
219
Tradewinds Capital Management
Washington
$12.7K – – –
CIBC Private Wealth Group
220
CIBC Private Wealth Group
Georgia
$11.9K +$75 +2 +0.7%
DSC
221
Duncker Streett & Co
Missouri
$11.9K +$11.3K +300 New
HFS
222
Hantz Financial Services
Michigan
$11K +$10.5K +278 New
AF
223
Alerus Financial
North Dakota
$10.6K – – –
AAG
224
Armstrong Advisory Group
Massachusetts
$10.2K +$151 +4 +2%
PA
225
Parallel Advisors
California
$10.1K +$9.55K +253 New
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.