Reaves Utility Income Fund
107 hedge funds and large institutions have $298M invested in Reaves Utility Income Fund in 2017 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 38 increasing their positions, 14 reducing their positions, and 6 closing their positions.
533% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 6
219% more capital invested
Capital invested by funds: $93.4M → $298M (+$205M)
171% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 14
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
43% more funds holding
Funds holding: 75 → 107 (+32)
19.47% more ownership
Funds ownership: 8.58% → 28.05% (+19%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$68M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$46.1M |
| 3 |
Janus Henderson Group
London,
|
+$13.9M |
| 4 |
BCM
Bluefin Capital Management
New York
|
+$10.2M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.33M |
| 2 |
FMA
FNY Managed Accounts
New York
|
-$1.3M |
| 3 |
SCM
Sterling Capital Management
Charlotte,
North Carolina
|
-$1.02M |
| 4 |
Citigroup
New York
|
-$996K |
| 5 |
Millennium Management
New York
|
-$718K |
UTG Hedge Fund Activity: Q4 2017 in Review
107 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2017, worth a combined $298M — up 219% from $93.4M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new UTG positions and 6 closed out — a net gain of 32 holders — while 38 added to existing stakes and 14 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $68M. The largest seller was Cornerstone Advisors, cutting an estimated $2.33M.
- 107 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2017, up from 75 in Q3 2017.
- Funds reported $298M of Reaves Utility Income Fund stock for Q4 2017, up 219% quarter-over-quarter.
- 38 funds opened new Reaves Utility Income Fund positions in Q4 2017 and 6 closed out, a net change of +32 holders.
- The largest Reaves Utility Income Fund buyer in Q4 2017 was Sit Investment Associates, an estimated $68M added.
- The largest Reaves Utility Income Fund seller in Q4 2017 was Cornerstone Advisors, an estimated $2.33M sold.
Based on aggregated 13F filings for Q4 2017.