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Reaves Utility Income Fund
UTG

158 hedge funds and large institutions have $220M invested in Reaves Utility Income Fund in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 52 increasing their positions, 40 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 16

32% more capital invested

Capital invested by funds: $167M → $220M (+$52.9M)

30% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 40

10% more funds holding

Funds holding: 144 → 158 (+14)

2.05% more ownership

Funds ownership: 9.3% → 11.34% (+2%)

Holders
158
Holders Change
+14
Holders Change %
+9.72%
% of All Funds
2.3%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
31
Increased
52
Reduced
40
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$19M
2
JWCA
J.W. Cole Advisors
Florida
+$5.66M
3
SIAP
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
+$3.15M
4
Lido Advisors
Lido Advisors
California
+$2.77M
5
LPL Financial
LPL Financial
California
+$1.43M

Top Sellers

1
TF
Trek Financial
Arizona
-$3.76M
2
NFG
Nations Financial Group
Iowa
-$1.75M
3
Osaic Holdings
Osaic Holdings
Arizona
-$737K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$556K
5
HEIP
Hudson Edge Investment Partners
New Jersey
-$458K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$38.9M +$19M +744,586 +105%
Bank of America
2
Bank of America
North Carolina
$19.5M +$178K +6,972 +1%
Wells Fargo
3
Wells Fargo
California
$12.7M +$421K +16,453 +4%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$9.97M +$464K +18,160 +5%
Osaic Holdings
5
Osaic Holdings
Arizona
$9.1M -$737K -28,814 -8%
LPL Financial
6
LPL Financial
California
$7.85M +$1.43M +55,965 +24%
RJA
7
Raymond James & Associates
Florida
$7.59M +$238K +9,328 +3%
Ameriprise
8
Ameriprise
Minnesota
$6.91M +$266K +10,399 +4%
JWCA
9
J.W. Cole Advisors
Florida
$6.49M +$5.66M +221,494 +1,047%
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$5.7M +$431K +16,871 +9%
PAG
11
Private Advisor Group
New Jersey
$5.41M +$114K +4,450 +2%
GC
12
Guggenheim Capital
Illinois
$5.19M +$709K +27,726 +17%
HAS
13
HBW Advisory Services
California
$4.48M +$66.1K +2,586 +2%
Stifel Financial
14
Stifel Financial
Missouri
$4.41M +$96.7K +3,782 +2%
UBS Group
15
UBS Group
Switzerland
$4.05M -$311K -12,157 -7%
SIAP
16
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$3.29M +$3.15M +123,044 New
JCFM
17
JBR Co Financial Management
Oklahoma
$3.14M +$3M +117,458 New
RJFSA
18
Raymond James Financial Services Advisors
Florida
$3M -$112K -4,393 -4%
Lido Advisors
19
Lido Advisors
California
$2.92M +$2.77M +108,488 New
MFG
20
Magnus Financial Group
New York
$2.84M +$489K +19,120 +22%
WHRC
21
W.H. Reaves & Co
New Jersey
$2.45M -$79.9K -3,124 -3%
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$2.28M +$140K +5,486 +7%
LWM
23
LongView Wealth Management
Georgia
$2.09M +$1.95M +76,200 New
CAN
24
Cetera Advisor Networks
California
$2.05M -$244K -9,530 -11%
NS
25
NBC Securities
Alabama
$1.94M -$2.22K -87 -0.1%
1
2 3 4 5

UTG Hedge Fund Activity: Q4 2023 in Review

158 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2023, worth a combined $220M — up 32% from $167M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new UTG positions and 16 closed out — a net gain of 15 holders — while 52 added to existing stakes and 40 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $19M. The largest seller was Trek Financial, exiting entirely with an estimated $3.76M sold.

  • 158 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2023, up from 144 in Q3 2023.
  • Funds reported $220M of Reaves Utility Income Fund stock for Q4 2023, up 32% quarter-over-quarter.
  • 31 funds opened new Reaves Utility Income Fund positions in Q4 2023 and 16 closed out, a net change of +15 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $19M added.
  • The largest Reaves Utility Income Fund seller in Q4 2023 was Trek Financial, an estimated $3.76M sold.

Based on aggregated 13F filings for Q4 2023.