Reaves Utility Income Fund
UTG
67 hedge funds and large institutions have $120M invested in Reaves Utility Income Fund in 2015 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 7 closing their positions.
257% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 7
113% more capital invested
Capital invested by funds: $56.4M → $120M (+$63.8M)
37% more funds holding
Funds holding: 49 → 67 (+18)
8.88% more ownership
Funds ownership: 7.06% → 15.95% (+8.9%)
9% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$30.2M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$10.1M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$4.43M |
| 4 |
Morgan Stanley
New York
|
+$3.65M |
| 5 |
GWM
Graybill Wealth Management
Elmhurst,
Illinois
|
+$2.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HBWM
Hollow Brook Wealth Management
Katonah,
New York
|
-$745K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$707K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$192K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$149K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$129K |
UTG Hedge Fund Activity: Q4 2015 in Review
67 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2015, worth a combined $120M — up 113% from $56.4M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new UTG positions and 7 closed out — a net gain of 18 holders — while 20 added to existing stakes and 22 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $30.2M. The largest seller was Hollow Brook Wealth Management, cutting an estimated $745K.
- 67 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2015, up from 49 in Q3 2015.
- Funds reported $120M of Reaves Utility Income Fund stock for Q4 2015, up 113% quarter-over-quarter.
- 25 funds opened new Reaves Utility Income Fund positions in Q4 2015 and 7 closed out, a net change of +18 holders.
- The largest Reaves Utility Income Fund buyer in Q4 2015 was Sit Investment Associates, an estimated $30.2M added.
- The largest Reaves Utility Income Fund seller in Q4 2015 was Hollow Brook Wealth Management, an estimated $745K sold.
Based on aggregated 13F filings for Q4 2015.