Reaves Utility Income Fund
162 hedge funds and large institutions have $193M invested in Reaves Utility Income Fund in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 73 increasing their positions, 28 reducing their positions, and 13 closing their positions.
161% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 28
69% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 13
5% more funds holding
Funds holding: 155 → 162 (+7)
0.4% less ownership
Funds ownership: 10.45% → 10.05% (-0.4%)
1% less capital invested
Capital invested by funds: $195M → $193M (-$1.78M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.36M |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$512K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$484K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$460K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TF
Trek Financial
Scottsdale,
Arizona
|
-$4.01M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.11M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.05M |
| 4 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
-$1.44M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$831K |
UTG Hedge Fund Activity: Q1 2023 in Review
162 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2023, worth a combined $193M — down 0.91% from $195M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new UTG positions and 13 closed out — a net gain of 9 holders — while 73 added to existing stakes and 28 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.36M. The largest seller was Trek Financial, cutting an estimated $4.01M.
- 162 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2023, up from 155 in Q4 2022.
- Funds reported $193M of Reaves Utility Income Fund stock for Q1 2023, down 0.91% quarter-over-quarter.
- 22 funds opened new Reaves Utility Income Fund positions in Q1 2023 and 13 closed out, a net change of +9 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2023 was Morgan Stanley, an estimated $1.36M added.
- The largest Reaves Utility Income Fund seller in Q1 2023 was Trek Financial, an estimated $4.01M sold.
Based on aggregated 13F filings for Q1 2023.