We are live on ! Find out more
UTG icon

Reaves Utility Income Fund
UTG

238 hedge funds and large institutions have $497M invested in Reaves Utility Income Fund in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 97 increasing their positions, 57 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

230% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 10

70% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 57

13% more capital invested

Capital invested by funds: $438M → $497M (+$58.8M)

9% more funds holding

Funds holding: 219 → 238 (+19)

0.49% more ownership

Funds ownership: 13.75% → 14.24% (+0.49%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
238
Holders Change
+19
Holders Change %
+8.68%
% of All Funds
3.12%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
97
Reduced
57
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AIA
Absolute Investment Advisers
Florida
+$4.89M
2
LPL Financial
LPL Financial
California
+$2.63M
3
Bank of America
Bank of America
North Carolina
+$1.98M
4
QL
Quarry LP
New York
+$1.81M
5
GAM
Griffin Asset Management
New York
+$1.5M

Top Sellers

1
WANY
Wealthspire Advisors (New York)
New York
-$3.53M
2
CPRC
Consolidated Portfolio Review Corp
New York
-$2.54M
3
OFA
Oak Family Advisors
Illinois
-$1.06M
4
GC
Guggenheim Capital
Illinois
-$648K
5
TWM
Tradition Wealth Management
Minnesota
-$637K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$43.4M +$1.98M +52,449 +5%
Morgan Stanley
2
Morgan Stanley
New York
$39.7M +$1.02M +26,907 +3%
CA
3
Cornerstone Advisors
North Carolina
$30.4M +$1.35M +35,700 +5%
LPL Financial
4
LPL Financial
California
$27.2M +$2.63M +69,577 +11%
Wells Fargo
5
Wells Fargo
California
$26.2M +$1.03M +27,426 +4%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$20.6M +$1M +26,512 +5%
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$20.1M -$30.6K -811 -0.2%
Ameriprise
8
Ameriprise
Minnesota
$15M -$169K -4,481 -1%
JWCA
9
J.W. Cole Advisors
Florida
$14.5M +$106K +2,818 +0.8%
CAPTRUST Financial Advisors
10
CAPTRUST Financial Advisors
North Carolina
$14.1M -$129K -3,425 -1%
Raymond James Financial
11
Raymond James Financial
Florida
$12.4M +$962K +25,504 +9%
Stifel Financial
12
Stifel Financial
Missouri
$10.4M +$318K +8,440 +3%
Osaic Holdings
13
Osaic Holdings
Arizona
$9.51M +$294K +7,788 +3%
MFG
14
Magnus Financial Group
New York
$9.1M +$970K +25,718 +13%
OFA
15
Oak Family Advisors
Illinois
$8.76M -$1.06M -28,221 -11%
UBS Group
16
UBS Group
Switzerland
$7.94M +$436K +11,561 +6%
SIAP
17
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$7.56M -$56.7K -1,504 -0.8%
Cetera Investment Advisers
18
Cetera Investment Advisers
Illinois
$7.11M +$1.1M +29,158 +19%
GC
19
Guggenheim Capital
Illinois
$6.41M -$648K -17,166 -10%
Lido Advisors
20
Lido Advisors
California
$5.94M -$6K -159 -0.1%
JCFM
21
JBR Co Financial Management
Oklahoma
$5.71M +$468K +12,402 +9%
PAG
22
Private Advisor Group
New Jersey
$5.6M +$29.7K +788 +0.6%
AIA
23
Absolute Investment Advisers
Florida
$5.14M +$4.89M +129,661 New
Mariner
24
Mariner
Kansas
$5.12M +$12.4K +328 +0.3%
NA
25
NewEdge Advisors
Louisiana
$4.46M +$31.2K +828 +0.7%
1
2 3 4 5

UTG Hedge Fund Activity: Q3 2025 in Review

238 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2025, worth a combined $497M — up 13% from $438M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new UTG positions and 10 closed out — a net gain of 23 holders — while 97 added to existing stakes and 57 trimmed.

The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $4.89M. The largest seller was Wealthspire Advisors (New York), exiting entirely with an estimated $3.53M sold.

  • 238 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2025, up from 219 in Q2 2025.
  • Funds reported $497M of Reaves Utility Income Fund stock for Q3 2025, up 13% quarter-over-quarter.
  • 33 funds opened new Reaves Utility Income Fund positions in Q3 2025 and 10 closed out, a net change of +23 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2025 was Absolute Investment Advisers, an estimated $4.89M added.
  • The largest Reaves Utility Income Fund seller in Q3 2025 was Wealthspire Advisors (New York), an estimated $3.53M sold.

Based on aggregated 13F filings for Q3 2025.