Reaves Utility Income Fund
240 hedge funds and large institutions have $501M invested in Reaves Utility Income Fund in 2026 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 111 increasing their positions, 47 reducing their positions, and 21 closing their positions.
136% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 47
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
33% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 21
13% more capital invested
Capital invested by funds: $444M → $501M (+$56.7M)
0% more funds holding
Funds holding: 239 → 240 (+1)
0.24% less ownership
Funds ownership: 14.1% → 13.86% (-0.24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$11.4M |
| 2 |
Morgan Stanley
New York
|
+$2.7M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.61M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.6M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$10.8M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$4.13M |
| 3 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$2.63M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.43M |
| 5 |
WIA
World Investment Advisors
Santa Barbara,
California
|
-$1.2M |
UTG Hedge Fund Activity: Q1 2026 in Review
240 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2026, worth a combined $501M — up 13% from $444M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new UTG positions and 21 closed out — a net gain of 7 holders — while 111 added to existing stakes and 47 trimmed.
The largest buyer was Bank of America, adding an estimated $11.4M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $10.8M sold.
- 240 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2026, up from 239 in Q4 2025.
- Funds reported $501M of Reaves Utility Income Fund stock for Q1 2026, up 13% quarter-over-quarter.
- 28 funds opened new Reaves Utility Income Fund positions in Q1 2026 and 21 closed out, a net change of +7 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2026 was Bank of America, an estimated $11.4M added.
- The largest Reaves Utility Income Fund seller in Q1 2026 was Cornerstone Advisors, an estimated $10.8M sold.
Based on aggregated 13F filings for Q1 2026.