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Reaves Utility Income Fund
UTG

61 hedge funds and large institutions have $73.2M invested in Reaves Utility Income Fund in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

18% more capital invested

Capital invested by funds: $61.9M → $73.2M (+$11.3M)

11% more funds holding

Funds holding: 55 → 61 (+6)

0.34% more ownership

Funds ownership: 7.5% → 7.85% (+0.34%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
61
Holders Change
+6
Holders Change %
+10.91%
% of All Funds
1.63%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
11
Increased
19
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$3.27M
2
GC
Guggenheim Capital
Illinois
+$2.76M
3
Morgan Stanley
Morgan Stanley
New York
+$1.21M
4
AAM
Advisors Asset Management
Colorado
+$792K
5
Wells Fargo
Wells Fargo
California
+$554K

Top Sellers

1
YCM
Yakira Capital Management
Connecticut
-$3.21M
2
Cohen & Steers
Cohen & Steers
New York
-$1.67M
3
CA
Cornerstone Advisors
North Carolina
-$1.2M
4
CL
CSS LLC
Illinois
-$997K
5
NPC
National Planning Corporation
California
-$550K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$11.5M +$1.21M +40,045 +13%
Bank of America
2
Bank of America
North Carolina
$11.3M +$3.27M +108,224 +44%
GC
3
Guggenheim Capital
Illinois
$7.62M +$2.76M +91,269 +63%
AAM
4
Advisors Asset Management
Colorado
$4.18M +$792K +26,215 +25%
Wells Fargo
5
Wells Fargo
California
$3.86M +$554K +18,327 +18%
HBWM
6
Hollow Brook Wealth Management
New York
$3.38M +$104K +3,456 +3%
LPL Financial
7
LPL Financial
California
$2.88M -$54.2K -1,794 -2%
WHRC
8
W.H. Reaves & Co
New Jersey
$2.48M +$479K +15,841 +26%
AIM
9
Assured Investment Management
New York
$2.45M – – –
CA
10
Cornerstone Advisors
North Carolina
$2.44M -$1.2M -39,623 -34%
UBS Group
11
UBS Group
Switzerland
$2.07M +$1.95M +64,399 New
Janney Montgomery Scott
12
Janney Montgomery Scott
Pennsylvania
$1.63M +$1.66K +55 +0.1%
Cambridge Investment Research Advisors
13
Cambridge Investment Research Advisors
Iowa
$1.57M +$17.9K +594 +1%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$1.51M +$4.92K +163 +0.3%
Cohen & Steers
15
Cohen & Steers
New York
$1.45M -$1.67M -55,419 -55%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$1.21M +$64.2K +2,125 +6%
YCM
17
Yakira Capital Management
Connecticut
$1.13M -$3.21M -106,166 -75%
NRS
18
Neville Rodie & Shaw
New York
$986K – – –
NPC
19
National Planning Corporation
California
$871K -$550K -18,210 -40%
RJA
20
Raymond James & Associates
Florida
$684K -$14.1K -466 -2%
ISL
21
Ingalls & Snyder LLC
New York
$614K – – –
Stifel Financial
22
Stifel Financial
Missouri
$525K -$49K -1,622 -9%
Creative Planning
23
Creative Planning
Kansas
$481K +$12.4K +409 +3%
LCM
24
Lucas Capital Management
New Jersey
$473K – – –
FWM
25
Focused Wealth Management
New York
$454K +$68.3K +2,260 +19%
1
2 3

UTG Hedge Fund Activity: Q4 2014 in Review

61 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2014, worth a combined $73.2M — up 18% from $61.9M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new UTG positions and 4 closed out — a net gain of 7 holders — while 19 added to existing stakes and 13 trimmed.

The largest buyer was Bank of America, adding an estimated $3.27M. The largest seller was Yakira Capital Management, cutting an estimated $3.21M.

  • 61 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2014, up from 55 in Q3 2014.
  • Funds reported $73.2M of Reaves Utility Income Fund stock for Q4 2014, up 18% quarter-over-quarter.
  • 11 funds opened new Reaves Utility Income Fund positions in Q4 2014 and 4 closed out, a net change of +7 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2014 was Bank of America, an estimated $3.27M added.
  • The largest Reaves Utility Income Fund seller in Q4 2014 was Yakira Capital Management, an estimated $3.21M sold.

Based on aggregated 13F filings for Q4 2014.