Reaves Utility Income Fund
UTG
113 hedge funds and large institutions have $166M invested in Reaves Utility Income Fund in 2018 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 34 increasing their positions, 25 reducing their positions, and 8 closing their positions.
213% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 8
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
36% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 25
18% more funds holding
Funds holding: 96 → 113 (+17)
0.76% less ownership
Funds ownership: 12.37% → 11.61% (-0.76%)
10% less capital invested
Capital invested by funds: $185M → $166M (-$18.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.85M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.2M |
| 3 |
Morgan Stanley
New York
|
+$1.06M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.06M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$861K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$15.9M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.65M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$2.62M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.12M |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.73M |
UTG Hedge Fund Activity: Q4 2018 in Review
113 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2018, worth a combined $166M — down 9.9% from $185M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new UTG positions and 8 closed out — a net gain of 17 holders — while 34 added to existing stakes and 25 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.85M. The largest seller was Yakira Capital Management, cutting an estimated $15.9M.
- 113 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2018, up from 96 in Q3 2018.
- Funds reported $166M of Reaves Utility Income Fund stock for Q4 2018, down 9.9% quarter-over-quarter.
- 25 funds opened new Reaves Utility Income Fund positions in Q4 2018 and 8 closed out, a net change of +17 holders.
- The largest Reaves Utility Income Fund buyer in Q4 2018 was Wells Fargo, an estimated $1.85M added.
- The largest Reaves Utility Income Fund seller in Q4 2018 was Yakira Capital Management, an estimated $15.9M sold.
Based on aggregated 13F filings for Q4 2018.