Reaves Utility Income Fund
UTG- Exchange
- NYSE
- SEC CIK
- 0001263994
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.
13F holders, Q4 2025
Institutional positions in Reaves Utility Income Fund as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 240
- +4 vs. Q3 2025
- Shares held
- 12.4M
- −107.0K (−0.9%) vs. Q3 2025
- Total value
- $444.2M
- −$51.7M (−10.4%) vs. Q3 2025
- New holders
- 32
- 97 more added
- Sold out
- 28
- 51 more reduced
3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting UTG on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 267 | $557.6M |
| Q1 2026 | 241 | $497.4M |
| Q4 2025 | 240 | $444.2M |
| Q3 2025 | 239 | $496.6M |
| Q2 2025 | 220 | $437.5M |
| Q1 2025 | 200 | $359.9M |
| Q4 2024 | 202 | $325.4M |
| Q3 2024 | 199 | $313.1M |
| Q2 2024 | 170 | $232.9M |
| Q1 2024 | 167 | $215.4M |
| Q4 2023 | 160 | $201.2M |
| Q3 2023 | 146 | $167.7M |
| Q2 2023 | 150 | $184.5M |
| Q1 2023 | 163 | $193.2M |
| Q4 2022 | 156 | $195.0M |
| Q3 2022 | 146 | $189.3M |
| Q2 2022 | 152 | $210.9M |
| Q1 2022 | 159 | $227.2M |
| Q4 2021 | 160 | $225.8M |
| Q3 2021 | 151 | $201.8M |
| Q2 2021 | 137 | $199.3M |
| Q1 2021 | 128 | $180.6M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Reaves Utility Income Fund; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Bank of America Corp | 1,070,459 | $39.2M | 0.00% | −25,391−2.3% | Reduced |
| Morgan Stanley | 1,069,694 | $39.1M | 0.00% | +67,615+6.7% | Added |
| LPL Financial LLC | 779,445 | $28.5M | 0.01% | +93,261+13.6% | Added |
| Wells Fargo & Company | 679,292 | $24.8M | 0.00% | +18,922+2.9% | Added |
| Royal Bank of Canada | 535,365 | $19.6M | 0.00% | +14,966+2.9% | Added |
| Commonwealth Equity Services, LLC | 530,176 | $19.4M | 0.03% | +21,938+4.3% | Added |
| Ameriprise Financial Inc | 368,935 | $13.5M | 0.00% | −8,901−2.4% | Reduced |
| Captrust Financial Advisors | 343,166 | $12.6M | 0.02% | −12,525−3.5% | Reduced |
| Raymond James Financial Inc | 328,542 | $12.0M | 0.00% | +15,800+5.1% | Added |
| Cornerstone Advisors, LLC | 294,426 | $10.8M | 0.36% | −473,759−61.7% | Reduced |
| Stifel Financial Corp | 283,606 | $10.4M | 0.01% | +19,997+7.6% | Added |
| Advisor Group Holdings, Inc. | 255,308 | $9.34M | 0.01% | +10,436+4.3% | Added |
| Magnus Financial Group LLC | 231,728 | $8.48M | 0.65% | +2,059+0.9% | Added |
| Oak Family Advisors, LLC | 224,222 | $8.20M | 2.51% | +3,049+1.4% | Added |
| UBS Group AG | 221,141 | $8.09M | 0.00% | +20,751+10.4% | Added |
| Sterling Investment Advisors, Ltd. | 189,328 | $6.93M | 1.28% | −1,527−0.8% | Reduced |
| Cetera Investment Advisers | 168,570 | $6.17M | 0.01% | −10,995−6.1% | Reduced |
| Lido Advisors, LLC | 150,035 | $5.94M | 0.02% | 00.0% | Unchanged |
| Wealthspire Advisors, LLC | 144,310 | $5.28M | 0.04% | +144,310 | New |
| JBR Co Financial Management Inc | 142,112 | $5.20M | 2.18% | −2,102−1.5% | Reduced |
| Private Advisor Group, LLC | 139,147 | $5.09M | 0.02% | −2,274−1.6% | Reduced |
| Guggenheim Capital LLC | 133,534 | $4.88M | 0.04% | −28,206−17.4% | Reduced |
| Mariner, LLC | 118,984 | $4.35M | 0.01% | −10,296−8.0% | Reduced |
| HBW Advisory Services LLC | 109,016 | $3.99M | 0.43% | +72,369+197.5% | Added |
| Janney Montgomery Scott LLC | 107,242 | $3.92M | 0.01% | +6,839+6.8% | Added |
| Cambridge Investment Research Advisors, Inc. | 95,862 | $3.51M | 0.01% | −1,743−1.8% | Reduced |
| GWM Advisors LLC | 91,803 | $3.36M | 0.01% | −20,816−18.5% | Reduced |
| Independent Financial Group, LLC | 87,740 | $3.21M | 0.07% | +624+0.7% | Added |
| Reaves W H & Co Inc | 83,326 | $3.05M | 0.05% | +1,266+1.5% | Added |
| Tradition Wealth Management, LLC | 82,345 | $3.01M | 0.22% | +970+1.2% | Added |
| Wealth Effects LLC | 77,110 | $2.82M | 0.88% | +6,865+9.8% | Added |
| Smith Asset Management Co., LLC | 77,007 | $2.82M | 2.33% | −2,253−2.8% | Reduced |
| J.W. Cole Advisors, Inc. | 358,292 | $2.63M | 0.06% | −7,482−2.0% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 66,348 | $2.47M | 0.00% | +5,223+8.5% | Added |
| LongView Wealth Management | 67,315 | $2.47M | 0.60% | −2,430−3.5% | Reduced |
| Oppenheimer & Co Inc | 64,447 | $2.36M | 0.03% | +4,026+6.7% | Added |
| Pensionmark Financial Group, LLC | 63,041 | $2.31M | 0.04% | +17,551+38.6% | Added |
| Northwestern Mutual Wealth Management Co | 57,450 | $2.10M | 0.00% | +1,066+1.9% | Added |
| Centaurus Financial, Inc. | 56,617 | $2.07M | 0.09% | +2,458+4.5% | Added |
| Sowell Financial Services LLC | 54,726 | $2.00M | 0.07% | −4,143−7.0% | Reduced |
| First Trust Advisors LP | 53,440 | $1.95M | 0.00% | +4,754+9.8% | Added |
| The PNC Financial Services Group, Inc. | 52,942 | $1.94M | 0.00% | +8,564+19.3% | Added |
| NBC Securities, Inc. | 52,137 | $1.91M | 0.14% | −99−0.2% | Reduced |
| Kestra Advisory Services, LLC | 50,817 | $1.86M | 0.01% | +2,535+5.3% | Added |
| Strategic Family Wealth Counselors, L.L.C. | 49,691 | $1.85M | 0.41% | +11,927+31.6% | Added |
| Griffin Asset Management, Inc. | 49,809 | $1.82M | 0.20% | +10,059+25.3% | Added |
| Kercheville Advisors, LLC | 47,990 | $1.82M | 0.48% | +5,011+11.7% | Added |
| Stratos Wealth Partners, LTD. | 49,665 | $1.82M | 0.02% | +4,036+8.8% | Added |
| NWF Advisory Services Inc. | 46,809 | $1.71M | 0.19% | +7,121+17.9% | Added |
| Wiley Bros.-Aintree Capital, LLC | 45,570 | $1.67M | 0.01% | +26,018+133.1% | Added |
| Wright Wealth LLC | 42,565 | $1.56M | 1.02% | +42,565 | New |
| Aegis Wealth Management, Inc. | 42,266 | $1.55M | 1.21% | +42,266 | New |
| Integrity Alliance, LLC. | 38,533 | $1.41M | 0.05% | +2,600+7.2% | Added |
| Wedbush Securities Inc | 37,394 | $1.37M | 0.04% | +2,173+6.2% | Added |
| Sigma Planning Corp | 36,948 | $1.35M | 0.04% | +4,988+15.6% | Added |
| Steward Partners Investment Advisory, LLC | 34,568 | $1.26M | 0.01% | +2,973+9.4% | Added |
| Beacon Capital Management, Inc. | 34,500 | $1.26M | 0.07% | 00.0% | Unchanged |
| Change Path, LLC | 34,065 | $1.25M | 0.03% | −7,043−17.1% | Reduced |
| ORG Wealth Partners, LLC | 34,014 | $1.24M | 0.29% | +33,414+5,569.0% | Added |
| Jefferies Financial Group Inc. | 31,447 | $1.15M | 0.01% | +6,545+26.3% | Added |
| MML Investors Services, LLC | 30,854 | $1.13M | 0.00% | +5,618+22.3% | Added |
| Stephens Inc | 30,157 | $1.10M | 0.01% | +2,295+8.2% | Added |
| Edge Financial Advisors LLC | 29,700 | $1.09M | 0.46% | +4,483+17.8% | Added |
| Carnegie Lake Advisors LLC | 28,772 | $1.05M | 0.40% | +49+0.2% | Added |
| XML Financial, LLC | 27,445 | $1.00M | 0.08% | −20,025−42.2% | Reduced |
| Future Financial Wealth Managment LLC | 25,142 | $934.5K | 0.63% | −453−1.8% | Reduced |
| PMG Family Office LLC | 25,467 | $931.6K | 1.08% | +125+0.5% | Added |
| Merrion Investment Management Co, LLC | 25,000 | $914.5K | 0.49% | 00.0% | Unchanged |
| Creative Planning | 24,730 | $904.6K | 0.00% | +1,564+6.8% | Added |
| Kovack Advisors, Inc. | 24,665 | $902.2K | 0.04% | +24,665 | New |
| CWM, LLC | 23,789 | $870.0K | 0.00% | +868+3.8% | Added |
| Westbourne Investment Advisors, Inc. | 23,700 | $866.9K | 0.24% | +500+2.2% | Added |
| Comerica Bank | 23,328 | $853.3K | 0.00% | +30.0% | Added |
| Cohen & Steers, Inc. | 23,000 | $841.0K | 0.00% | 00.0% | Unchanged |
| Atlanta Consulting Group Advisors, LLC | 20,838 | $766.4K | 0.17% | +53+0.3% | Added |
| Monetary Management Group Inc | 20,500 | $749.9K | 0.17% | +1,500+7.9% | Added |
| Brookstone Capital Management | 20,258 | $741.0K | 0.01% | +415+2.1% | Added |
| Matrix Private Capital Group LLC | 20,007 | $735.9K | 0.37% | +3,315+19.9% | Added |
| Sanctuary Advisors, LLC | 20,061 | $733.8K | 0.00% | +1,507+8.1% | Added |
| Welch Group, LLC | 19,729 | $721.7K | 0.03% | −1,500−7.1% | Reduced |
| Atlas Brown,Inc. | 19,621 | $717.7K | 0.21% | +22+0.1% | Added |
| Advisory Services Network, LLC | 19,404 | $709.8K | 0.01% | +269+1.4% | Added |
| Prospera Financial Services Inc | 19,178 | $701.5K | 0.01% | −96−0.5% | Reduced |
| Castle Rock Wealth Management, LLC | 18,201 | $680.8K | 0.15% | −45−0.2% | Reduced |
| HighTower Advisors, LLC | 18,590 | $680.0K | 0.00% | +948+5.4% | Added |
| Davenport & Co LLC | 18,251 | $667.6K | 0.00% | +1,033+6.0% | Added |
| Sunpointe, LLC | 17,827 | $655.7K | 0.22% | −600−3.3% | Reduced |
| Belpointe Asset Management LLC | 17,790 | $650.8K | 0.02% | +774+4.5% | Added |
| Atomi Financial Group, Inc. | 17,343 | $634.4K | 0.02% | +822+5.0% | Added |
| AlphaCore Capital LLC | 17,330 | $633.9K | 0.01% | −12,679−42.3% | Reduced |
| PFG Investments, LLC | 17,264 | $631.5K | 0.03% | −96−0.6% | Reduced |
| MAI Capital Management | 17,109 | $625.9K | 0.00% | +5,600+48.7% | Added |
| Mission Hills Financial Advisory, LLC | 16,886 | $617.7K | 0.33% | +1,619+10.6% | Added |
| AE Wealth Management LLC | 16,718 | $611.5K | 0.00% | −237−1.4% | Reduced |
| Certified Advisory Corp | 16,146 | $590.6K | 0.05% | −132−0.8% | Reduced |
| Colony Group, LLC | 15,642 | $589.9K | 0.00% | +6,677+74.5% | Added |
| Samalin Investment Counsel, LLC | 16,094 | $588.7K | 0.21% | −2,034−11.2% | Reduced |
| Mercer Global Advisors Inc | 15,758 | $576.4K | 0.00% | −11−0.1% | Reduced |
| Vivaldi Capital Management, LLC | 15,750 | $576.1K | 0.08% | −200−1.3% | Reduced |
| Nations Financial Group Inc, | 15,575 | $569.7K | 0.03% | 00.0% | Unchanged |