Reaves Utility Income Fund
110 hedge funds and large institutions have $177M invested in Reaves Utility Income Fund in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 48 increasing their positions, 24 reducing their positions, and 15 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 24
0.79% less ownership
Funds ownership: 10.97% → 10.18% (-0.79%)
1% less capital invested
Capital invested by funds: $179M → $177M (-$1.87M)
6% less funds holding
Funds holding: 117 → 110 (-7)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.69M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.42M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.32M |
| 4 |
WANY
Wealthspire Advisors (New York)
New York
|
+$1.25M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$6.54M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$5.23M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$5.09M |
| 4 |
Cohen & Steers
New York
|
-$3.09M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.05M |
UTG Hedge Fund Activity: Q2 2019 in Review
110 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2019, worth a combined $177M — down 1% from $179M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of UTG and 10 opened new positions — a net loss of 5 holders — while 24 trimmed existing stakes and 48 added.
The largest buyer was Wells Fargo, adding an estimated $2.69M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $6.54M sold.
- 110 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2019, down from 117 in Q1 2019.
- Funds reported $177M of Reaves Utility Income Fund stock for Q2 2019, down 1% quarter-over-quarter.
- 10 funds opened new Reaves Utility Income Fund positions in Q2 2019 and 15 closed out, a net change of -5 holders.
- The largest Reaves Utility Income Fund buyer in Q2 2019 was Wells Fargo, an estimated $2.69M added.
- The largest Reaves Utility Income Fund seller in Q2 2019 was Punch & Associates Investment Management, an estimated $6.54M sold.
Based on aggregated 13F filings for Q2 2019.