Reaves Utility Income Fund
149 hedge funds and large institutions have $184M invested in Reaves Utility Income Fund in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 49 increasing their positions, 47 reducing their positions, and 19 closing their positions.
4% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 47
0.83% less ownership
Funds ownership: 10.05% → 9.22% (-0.83%)
5% less capital invested
Capital invested by funds: $193M → $184M (-$8.73M)
8% less funds holding
Funds holding: 162 → 149 (-13)
58% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OP
ORG Partners
Roanoke,
Indiana
|
+$909K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$833K |
| 3 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$502K |
| 4 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$492K |
| 5 |
HAS
HBW Advisory Services
Simi Valley,
California
|
+$452K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TF
Trek Financial
Scottsdale,
Arizona
|
-$2.08M |
| 2 |
Morgan Stanley
New York
|
-$701K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$529K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$516K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$455K |
UTG Hedge Fund Activity: Q2 2023 in Review
149 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2023, worth a combined $184M — down 4.5% from $193M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of UTG and 8 opened new positions — a net loss of 11 holders — while 47 trimmed existing stakes and 49 added.
The largest buyer was ORG Partners, opening a new position worth an estimated $909K. The largest seller was Trek Financial, cutting an estimated $2.08M.
- 149 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2023, down from 162 in Q1 2023.
- Funds reported $184M of Reaves Utility Income Fund stock for Q2 2023, down 4.5% quarter-over-quarter.
- 8 funds opened new Reaves Utility Income Fund positions in Q2 2023 and 19 closed out, a net change of -11 holders.
- The largest Reaves Utility Income Fund buyer in Q2 2023 was ORG Partners, an estimated $909K added.
- The largest Reaves Utility Income Fund seller in Q2 2023 was Trek Financial, an estimated $2.08M sold.
Based on aggregated 13F filings for Q2 2023.