Reaves Utility Income Fund

UTG

Exchange: NYSE
SEC CIK: 0001263994

SEC filings (opens in a new tab)

No open-market purchases or sales by Reaves Utility Income Fund insiders were filed in the last 90 days; 267 institutions reported holding it in 13F filings for Q2 2026, worth $557.6M in total; no superinvestor holds it.

Q1 2025 vs. Q4 2024

How the institutions holding Reaves Utility Income Fund changed between Q4 2024 and Q1 2025.

All holders in Q1 2025 All holders in Q4 2024

13F holders of UTG: Q4 2024 compared with Q1 2025
Measure	Q4 2024	Of which not filed for Q1 2025	Q1 2025	Change
Holders	202	5	200	+3
Shares	10.3M	5.44K	11.1M	+801.7K (+7.8%)
Value	$325.4M	$172.7K	$359.9M	+$34.7M (+10.7%)

5 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (25)

Institutions that held Reaves Utility Income Fund at the end of Q1 2025 but not at the end of Q4 2024.

Institutions new to UTG in Q1 2025
Institution	Shares	Value	% of portfolio
Cornerstone Advisors, LLC	406,546	$13.2M	0.57%
Wealthspire Advisors, LLC	59,538	$1.94M	0.01%
Integrity Alliance, LLC.	30,757	$1.00M	0.04%
AlphaCore Capital LLC	28,216	$918.1K	0.08%
Beacon Capital Management, Inc.	24,000	$829.0K	0.04%
NWF Advisory Services Inc.	25,240	$821.3K	0.12%
Equitable Holdings, Inc.	10,926	$355.5K	0.00%
Costello Asset Management, INC	10,854	$353.2K	0.14%
Graybill Bartz & Assoc Ltd	10,742	$349.5K	0.12%
Elequin Capital LP	10,577	$344.2K	0.06%
Colony Group, LLC	8,775	$285.5K	0.00%
Dover Advisors, LLC	8,750	$284.7K	0.12%
Leavell Investment Management, Inc.	7,848	$255.4K	0.01%
Stonegate Investment Group, LLC	7,163	$233.1K	0.01%
Summit Financial, LLC	6,813	$221.7K	0.01%
Nwam LLC	6,210	$202.1K	0.02%
IMA Wealth, Inc.	4,000	$130.2K	0.02%
AdvisorNet Financial, Inc	840	$27.3K	0.00%
Caldwell Trust Co	825	$26.8K	0.00%
ORG Wealth Partners, LLC	581	$19.1K	0.01%
Clearstead Advisors, LLC	550	$17.9K	0.00%
BlackRock, Inc.	384	$12.5K	0.00%
Resources Management Corp	356	$12.0K	0.00%
Beaird Harris Wealth Management, LLC	175	$5.70K	0.00%
McClarren Financial Advisors, Inc.	32	–	–

Sold out (22)

Institutions that held Reaves Utility Income Fund at the end of Q4 2024 and filed for Q1 2025 without it.

Institutions that sold out of UTG in Q1 2025
Institution	Shares, Q4 2024	Value, Q4 2024
Wolverine Asset Management LLC	29,417	$932.2K
Readystate Asset Management LP	23,537	$745.9K
Walleye Capital LLC	23,272	$737.5K
XTX Topco Ltd	16,455	$521.5K
Kovack Advisors, Inc.	15,711	$497.9K
Everstar Asset Management, LLC	10,850	$343.8K
Virtu Financial LLC	10,376	$329.0K
Proequities, Inc.	8,270	$278.9K
Family Office Research LLC	7,626	$241.7K
CI Private Wealth, LLC	6,627	$210.0K
Bruce G. Allen Investments, LLC	1,669	$52.9K
Ramirez Asset Management, Inc.	1,133	$35.9K
Nelson, Van Denburg & Campbell Wealth Management Group, LLC	750	$23.8K
Jones Financial Companies LLLP	281	$8.90K
Transce3nd, LLC	279	$8.84K
Albion Financial Group	245	$7.76K
Beacon Capital Management, LLC	231	$7.31K
Cullen/Frost Bankers, Inc.	209	$6.62K
Wingate Wealth Advisors, Inc.	200	$6.34K
Parvin Asset Management, LLC	100	$3.17K
Raleigh Capital Management Inc.	47	$1.50K
FMR LLC	8	$254

Not filed for Q1 2025 yet (5)

Institutions that held Reaves Utility Income Fund at the end of Q4 2024 and haven't filed a 13F for Q1 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding UTG in Q4 2024 that haven't filed for Q1 2025
Institution	Shares, Q4 2024	Value, Q4 2024
Oliver Lagore Vanvalin Investment Group	3,795	$120.3K
AlphaMark Advisors, LLC	1,031	$33.0K
Hilltop National Bank	590	$18.7K
WR Wealth Planners, LLC	18	$558
RE Dickinson Investment Advisors, LLC	5	$200