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Reaves Utility Income Fund
UTG

238 hedge funds and large institutions have $444M invested in Reaves Utility Income Fund in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 98 increasing their positions, 50 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 50

11% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 28

0% more funds holding

Funds holding: 238 → 238 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.1% less ownership

Funds ownership: 14.24% → 14.14% (-0.1%)

11% less capital invested

Capital invested by funds: $497M → $444M (-$52.3M)

Holders
238
Holders Change
–
Holders Change %
0%
% of All Funds
2.89%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
31
Increased
98
Reduced
50
Closed
28
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
WANY
Wealthspire Advisors (New York)
New York
+$5.49M
2
LPL Financial
LPL Financial
California
+$3.55M
3
HAS
HBW Advisory Services
California
+$2.75M
4
Morgan Stanley
Morgan Stanley
New York
+$2.57M
5
Corient Private Wealth
Corient Private Wealth
Florida
+$1.65M

Top Sellers

1
CA
Cornerstone Advisors
North Carolina
-$18M
2
AIA
Absolute Investment Advisers
Florida
-$5.14M
3
CPRC
Consolidated Portfolio Review Corp
New York
-$2.61M
4
QL
Quarry LP
New York
-$1.9M
5
NFSG
Newbridge Financial Services Group
Florida
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$39.2M -$965K -25,391 -2%
Morgan Stanley
2
Morgan Stanley
New York
$39.1M +$2.57M +67,615 +7%
LPL Financial
3
LPL Financial
California
$28.5M +$3.55M +93,261 +14%
Wells Fargo
4
Wells Fargo
California
$24.8M +$719K +18,922 +3%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$19.6M +$569K +14,966 +3%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$19.4M +$834K +21,938 +4%
Ameriprise
7
Ameriprise
Minnesota
$13.5M -$338K -8,901 -2%
CAPTRUST Financial Advisors
8
CAPTRUST Financial Advisors
North Carolina
$12.6M -$476K -12,525 -4%
Raymond James Financial
9
Raymond James Financial
Florida
$12M +$601K +15,800 +5%
CA
10
Cornerstone Advisors
North Carolina
$10.8M -$18M -473,759 -62%
Stifel Financial
11
Stifel Financial
Missouri
$10.4M +$760K +19,997 +8%
Osaic Holdings
12
Osaic Holdings
Arizona
$9.34M +$397K +10,436 +4%
MFG
13
Magnus Financial Group
New York
$8.48M +$78.3K +2,059 +0.9%
OFA
14
Oak Family Advisors
Illinois
$8.2M +$116K +3,049 +1%
UBS Group
15
UBS Group
Switzerland
$8.09M +$789K +20,751 +10%
SIAP
16
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$6.93M -$58.1K -1,527 -0.8%
Cetera Investment Advisers
17
Cetera Investment Advisers
Illinois
$6.17M -$418K -10,995 -6%
Lido Advisors
18
Lido Advisors
California
$5.94M – – –
WANY
19
Wealthspire Advisors (New York)
New York
$5.28M +$5.49M +144,310 New
JCFM
20
JBR Co Financial Management
Oklahoma
$5.2M -$79.9K -2,102 -1%
PAG
21
Private Advisor Group
New Jersey
$5.09M -$86.5K -2,274 -2%
GC
22
Guggenheim Capital
Illinois
$4.88M -$1.07M -28,206 -17%
Mariner
23
Mariner
Kansas
$4.35M -$391K -10,296 -8%
HAS
24
HBW Advisory Services
California
$3.99M +$2.75M +72,369 +197%
Janney Montgomery Scott
25
Janney Montgomery Scott
Pennsylvania
$3.92M +$260K +6,839 +7%
1
2 3 4 5

UTG Hedge Fund Activity: Q4 2025 in Review

238 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2025, worth a combined $444M — down 11% from $497M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new UTG positions and 28 closed out — a net gain of 3 holders — while 98 added to existing stakes and 50 trimmed.

The largest buyer was Wealthspire Advisors (New York), opening a new position worth an estimated $5.49M. The largest seller was Cornerstone Advisors, cutting an estimated $18M.

  • 238 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2025, unchanged from Q3 2025.
  • Funds reported $444M of Reaves Utility Income Fund stock for Q4 2025, down 11% quarter-over-quarter.
  • 31 funds opened new Reaves Utility Income Fund positions in Q4 2025 and 28 closed out, a net change of +3 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2025 was Wealthspire Advisors (New York), an estimated $5.49M added.
  • The largest Reaves Utility Income Fund seller in Q4 2025 was Cornerstone Advisors, an estimated $18M sold.

Based on aggregated 13F filings for Q4 2025.