Reaves Utility Income Fund
131 hedge funds and large institutions have $174M invested in Reaves Utility Income Fund in 2020 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 39 increasing their positions, 28 reducing their positions, and 14 closing their positions.
93% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 14
39% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 28
9% more funds holding
Funds holding: 120 → 131 (+11)
3% more capital invested
Capital invested by funds: $169M → $174M (+$5.84M)
0.13% less ownership
Funds ownership: 10.47% → 10.34% (-0.13%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.04M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$982K |
| 3 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
+$639K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$636K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$537K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$3.99M |
| 2 |
Cohen & Steers
New York
|
-$2.05M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.3M |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$765K |
| 5 |
WANY
Wealthspire Advisors (New York)
New York
|
-$663K |
UTG Hedge Fund Activity: Q4 2020 in Review
131 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2020, worth a combined $174M — up 3.5% from $169M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new UTG positions and 14 closed out — a net gain of 13 holders — while 39 added to existing stakes and 28 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.04M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $3.99M sold.
- 131 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2020, up from 120 in Q3 2020.
- Funds reported $174M of Reaves Utility Income Fund stock for Q4 2020, up 3.5% quarter-over-quarter.
- 27 funds opened new Reaves Utility Income Fund positions in Q4 2020 and 14 closed out, a net change of +13 holders.
- The largest Reaves Utility Income Fund buyer in Q4 2020 was Morgan Stanley, an estimated $1.04M added.
- The largest Reaves Utility Income Fund seller in Q4 2020 was Punch & Associates Investment Management, an estimated $3.99M sold.
Based on aggregated 13F filings for Q4 2020.