Reaves Utility Income Fund
199 hedge funds and large institutions have $360M invested in Reaves Utility Income Fund in 2025 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 83 increasing their positions, 40 reducing their positions, and 22 closing their positions.
108% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 40
14% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 22
11% more capital invested
Capital invested by funds: $325M → $360M (+$34.5M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.42% less ownership
Funds ownership: 12.99% → 12.57% (-0.42%)
1% less funds holding
Funds holding: 201 → 199 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$13.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.52M |
| 3 |
Morgan Stanley
New York
|
+$2.74M |
| 4 |
WANY
Wealthspire Advisors (New York)
New York
|
+$1.96M |
| 5 |
NS
NBC Securities
Birmingham,
Alabama
|
+$1.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$8.38M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.17M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.01M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$932K |
| 5 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
-$746K |
UTG Hedge Fund Activity: Q1 2025 in Review
199 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2025, worth a combined $360M — up 11% from $325M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new UTG positions and 22 closed out — a net gain of 3 holders — while 83 added to existing stakes and 40 trimmed.
The largest buyer was Cornerstone Advisors, opening a new position worth an estimated $13.4M. The largest seller was J.W. Cole Advisors, cutting an estimated $8.38M.
- 199 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2025, down from 201 in Q4 2024.
- Funds reported $360M of Reaves Utility Income Fund stock for Q1 2025, up 11% quarter-over-quarter.
- 25 funds opened new Reaves Utility Income Fund positions in Q1 2025 and 22 closed out, a net change of +3 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2025 was Cornerstone Advisors, an estimated $13.4M added.
- The largest Reaves Utility Income Fund seller in Q1 2025 was J.W. Cole Advisors, an estimated $8.38M sold.
Based on aggregated 13F filings for Q1 2025.