Reaves Utility Income Fund
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, 56 reducing their positions, and 10 closing their positions.
230% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 10
73% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 56
14% more capital invested
Capital invested by funds: $437M → $497M (+$59.1M)
9% more funds holding
Funds holding: 219 → 238 (+19)
0.51% more ownership
Funds ownership: 13.74% → 14.24% (+0.51%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$4.89M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.63M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.98M |
| 4 |
QL
Quarry LP
New York
|
+$1.81M |
| 5 |
GAM
Griffin Asset Management
New York
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WANY
Wealthspire Advisors (New York)
New York
|
-$3.53M |
| 2 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$2.54M |
| 3 |
OFA
Oak Family Advisors
Chicago,
Illinois
|
-$1.06M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$648K |
| 5 |
TWM
Tradition Wealth Management
Edina,
Minnesota
|
-$637K |
UTG Hedge Fund Activity: Q3 2025 in Review
238 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2025, worth a combined $497M — up 14% from $437M 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 56 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 14% 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.