Reaves Utility Income Fund
99 hedge funds and large institutions have $256M invested in Reaves Utility Income Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 28 reducing their positions, and 19 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 28
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less funds holding
Funds holding: 107 → 99 (-8)
9.44% less ownership
Funds ownership: 28.05% → 18.61% (-9.4%)
14% less capital invested
Capital invested by funds: $298M → $256M (-$42.2M)
42% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$5.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.99M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$4.75M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.63M |
| 5 |
Morgan Stanley
New York
|
+$2.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$22M |
| 2 |
BCM
Bluefin Capital Management
New York
|
-$10.1M |
| 3 |
GWM
Graybill Wealth Management
Elmhurst,
Illinois
|
-$2.63M |
| 4 |
Walleye Trading
New York
|
-$2.56M |
| 5 |
AGM
Alpine Global Management
New York
|
-$2.53M |
UTG Hedge Fund Activity: Q1 2018 in Review
99 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2018, worth a combined $256M — down 14% from $298M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of UTG and 11 opened new positions — a net loss of 8 holders — while 28 trimmed existing stakes and 31 added.
The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $5.1M. The largest seller was Sit Investment Associates, cutting an estimated $22M.
- 99 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2018, down from 107 in Q4 2017.
- Funds reported $256M of Reaves Utility Income Fund stock for Q1 2018, down 14% quarter-over-quarter.
- 11 funds opened new Reaves Utility Income Fund positions in Q1 2018 and 19 closed out, a net change of -8 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2018 was Punch & Associates Investment Management, an estimated $5.1M added.
- The largest Reaves Utility Income Fund seller in Q1 2018 was Sit Investment Associates, an estimated $22M sold.
Based on aggregated 13F filings for Q1 2018.