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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
CT
201
Caldwell Trust
Florida
$30.2K – – –
Q1WB
202
Quest 10 Wealth Builders
Virginia
$25.1K – – –
HNB
203
Hilltop National Bank
Wyoming
$21.6K – – –
SL
204
Salomon & Ludwin
Virginia
$21.5K – – –
UB
205
UMB Bank
Missouri
$21K – – –
KFI
206
Key Financial Inc
Pennsylvania
$20.3K – – –
National Bank of Canada
207
National Bank of Canada
Quebec, Canada
$19.7K +$20.5K +540 New
MWA
208
Medallion Wealth Advisors
Connecticut
$18.3K – – –
PFBT
209
Parkside Financial Bank & Trust
Missouri
$17.7K – – –
HCM
210
Hollencrest Capital Management
California
$14.4K – – –
RFP
211
Root Financial Partners
California
$14K +$14.6K +383 New
FDCDDQ
212
Federation des caisses Desjardins du Quebec
Quebec, Canada
$13.1K – – –
RMC
213
Resources Management Corp
Connecticut
$13K – – –
TCM
214
Tradewinds Capital Management
Washington
$11.7K – – –
CIBC Private Wealth Group
215
CIBC Private Wealth Group
Georgia
$11.2K +$152 +4 +1%
DSC
216
Duncker Streett & Co
Missouri
$11K – – –
GEA
217
Glen Eagle Advisors
New Jersey
$11K +$11.4K +300 New
GWM
218
Gilpin Wealth Management
Colorado
$10.9K +$11.3K +297 New
HFS
219
Hantz Financial Services
Michigan
$10K – – –
AF
220
Alerus Financial
North Dakota
$9.77K – – –
AAG
221
Armstrong Advisory Group
Massachusetts
$9.59K +$152 +4 +2%
SRCM
222
Signature Resources Capital Management
California
$9.14K – – –
FC
223
Financial Consulate
Maryland
$9.14K +$9.51K +250 New
IWM
224
IMG Wealth Management
Florida
$7.41K +$7.72K +203 New
MBFW
225
Morton Brown Family Wealth
Pennsylvania
$5.76K +$76 +2 +1%
7 8
9
10 11

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.