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Reaves Utility Income Fund
UTG

68 hedge funds and large institutions have $103M invested in Reaves Utility Income Fund in 2016 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

1% more funds holding

Funds holding: 67 → 68 (+1)

5.91% less ownership

Funds ownership: 15.95% → 10.04% (-5.9%)

14% less capital invested

Capital invested by funds: $120M → $103M (-$17M)

Holders
68
Holders Change
+1
Holders Change %
+1.49%
% of All Funds
1.81%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
13
Increased
24
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$4.42M
2
Citigroup
Citigroup
New York
+$835K
3
DA
Doliver Advisors
Texas
+$741K
4
LH
Lebenthal Holdings
New York
+$740K
5
JHIU
Janus Henderson Investors US
Colorado
+$696K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$23.3M
2
YCM
Yakira Capital Management
Connecticut
-$6.71M
3
COLIM
City of London Investment Management
United Kingdom
-$4.22M
4
MIG
Mariner Investment Group
New York
-$2.05M
5
SG Americas Securities
SG Americas Securities
New York
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$11.8M +$1.43K +52 +0%
Bank of America
2
Bank of America
North Carolina
$11.1M +$260K +9,472 +3%
HBWM
3
Hollow Brook Wealth Management
New York
$8.36M +$409K +14,920 +6%
SIA
4
Sit Investment Associates
Minnesota
$7.42M -$23.3M -848,199 -77%
GC
5
Guggenheim Capital
Illinois
$7.23M -$584K -21,283 -8%
Wells Fargo
6
Wells Fargo
California
$6.38M +$574K +20,948 +11%
Bank of Nova Scotia
7
Bank of Nova Scotia
Ontario, Canada
$4.83M +$4.42M +161,125 New
LPL Financial
8
LPL Financial
California
$4.69M +$415K +15,121 +10%
YCM
9
Yakira Capital Management
Connecticut
$4.14M -$6.71M -244,604 -64%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$3.55M +$236K +8,593 +8%
GWM
11
Graybill Wealth Management
Illinois
$2.95M +$3.7K +135 +0.1%
WHRC
12
W.H. Reaves & Co
New Jersey
$2.91M -$305K -11,125 -10%
JHIU
13
Janus Henderson Investors US
Colorado
$2.8M +$696K +25,400 +37%
UBS Group
14
UBS Group
Switzerland
$2.14M +$355K +12,964 +22%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$1.85M +$191K +6,974 +13%
AAM
16
Advisors Asset Management
Colorado
$1.65M -$132K -4,798 -8%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$1.61M +$377K +13,741 +34%
Citigroup
18
Citigroup
New York
$1.24M +$835K +30,440 +277%
RJA
19
Raymond James & Associates
Florida
$1.23M +$631K +23,026 +129%
RJFSA
20
Raymond James Financial Services Advisors
Florida
$1.13M -$55 -2 -0%
Stifel Financial
21
Stifel Financial
Missouri
$978K +$309K +11,260 +52%
SCM
22
Sterling Capital Management
North Carolina
$965K -$46K -1,679 -5%
NRS
23
Neville Rodie & Shaw
New York
$899K – – –
DA
24
Doliver Advisors
Texas
$810K +$741K +27,017 New
LH
25
Lebenthal Holdings
New York
$809K +$740K +26,980 New
1
2 3 4

UTG Hedge Fund Activity: Q1 2016 in Review

68 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2016, worth a combined $103M — down 14% from $120M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new UTG positions and 11 closed out — a net gain of 2 holders — while 24 added to existing stakes and 14 trimmed.

The largest buyer was Bank of Nova Scotia, opening a new position worth an estimated $4.42M. The largest seller was Sit Investment Associates, cutting an estimated $23.3M.

  • 68 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2016, up from 67 in Q4 2015.
  • Funds reported $103M of Reaves Utility Income Fund stock for Q1 2016, down 14% quarter-over-quarter.
  • 13 funds opened new Reaves Utility Income Fund positions in Q1 2016 and 11 closed out, a net change of +2 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2016 was Bank of Nova Scotia, an estimated $4.42M added.
  • The largest Reaves Utility Income Fund seller in Q1 2016 was Sit Investment Associates, an estimated $23.3M sold.

Based on aggregated 13F filings for Q1 2016.