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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.

Institutional holdersQ4 2025: 240 institutions
Q1 2021: 128 institutionsQ2 2021: 137 institutionsQ3 2021: 151 institutionsQ4 2021: 160 institutionsQ1 2022: 159 institutionsQ2 2022: 152 institutionsQ3 2022: 146 institutionsQ4 2022: 156 institutionsQ1 2023: 163 institutionsQ2 2023: 150 institutionsQ3 2023: 146 institutionsQ4 2023: 160 institutionsQ1 2024: 167 institutionsQ2 2024: 170 institutionsQ3 2024: 199 institutionsQ4 2024: 202 institutionsQ1 2025: 200 institutionsQ2 2025: 220 institutionsQ3 2025: 239 institutionsQ4 2025: 240 institutionsQ1 2026: 241 institutionsQ2 2026: 267 institutions
Value heldQ4 2025: $444.2M
Q1 2021: $180.6MQ2 2021: $199.3MQ3 2021: $201.8MQ4 2021: $225.8MQ1 2022: $227.2MQ2 2022: $210.9MQ3 2022: $189.3MQ4 2022: $195.0MQ1 2023: $193.2MQ2 2023: $184.5MQ3 2023: $167.7MQ4 2023: $201.2MQ1 2024: $215.4MQ2 2024: $232.9MQ3 2024: $313.1MQ4 2024: $325.4MQ1 2025: $359.9MQ2 2025: $437.5MQ3 2025: $496.6MQ4 2025: $444.2MQ1 2026: $497.4MQ2 2026: $557.6M
Institutions holding UTG and their total value by quarter
QuarterHoldersValue
Q2 2026267$557.6M
Q1 2026241$497.4M
Q4 2025240$444.2M
Q3 2025239$496.6M
Q2 2025220$437.5M
Q1 2025200$359.9M
Q4 2024202$325.4M
Q3 2024199$313.1M
Q2 2024170$232.9M
Q1 2024167$215.4M
Q4 2023160$201.2M
Q3 2023146$167.7M
Q2 2023150$184.5M
Q1 2023163$193.2M
Q4 2022156$195.0M
Q3 2022146$189.3M
Q2 2022152$210.9M
Q1 2022159$227.2M
Q4 2021160$225.8M
Q3 2021151$201.8M
Q2 2021137$199.3M
Q1 2021128$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.

Institutions holding UTG in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Nwam LLC7,912$297.8K0.02%+432+5.8%Added
Novak & Powell Financial Services, Inc.8,143$297.9K0.16%+103+1.3%Added
Peapack Gladstone Financial Corp8,150$298.0K0.00%00.0%Unchanged
Jane Street Group, LLC8,194$299.7K0.00%−4,195−33.9%Reduced
City Center Advisors, LLC8,253$301.9K0.28%+2,401+41.0%Added
Cerity Partners LLC8,264$302.3K0.00%+583+7.6%Added
SageView Advisory Group, LLC8,272$302.6K0.01%+87+1.1%Added
Envestnet Asset Management Inc8,425$308.2K0.00%−2,958−26.0%Reduced
Integrated Wealth Concepts LLC8,631$315.7K0.00%−1,924−18.2%Reduced
Triumph Capital Management8,909$325.9K0.07%+510+6.1%Added
Oakworth Capital, Inc.9,000$329.2K0.02%00.0%Unchanged
Costello Asset Management, INC9,035$330.5K0.11%−1,173−11.5%Reduced
Bey-Douglas LLC8,581$340.0K0.27%00.0%Unchanged
Orca Investment Management, LLC9,500$347.5K0.27%−275−2.8%Reduced
CI Private Wealth, LLC9,550$349.3K0.00%−2,148−18.4%Reduced
Leslie Global Wealth, LLC9,667$353.6K0.16%00.0%Unchanged
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors9,941$363.6K0.04%+644+6.9%Added
Abel Hall, LLC10,000$365.8K0.09%00.0%Unchanged
Wealthcare Advisory Partners LLC10,382$379.8K0.01%+1,166+12.7%Added
Apollon Wealth Management, LLC10,784$394.5K0.01%+2,761+34.4%Added
Commonwealth Financial Services, LLC10,886$398.2K0.07%+113+1.0%Added
Flagship Harbor Advisors, LLC11,115$406.6K0.02%00.0%Unchanged
Custom Index Systems, LLC11,183$409.1K0.18%+4,568+69.1%Added
Graybill Bartz & Assoc Ltd11,290$413.0K0.12%−266−2.3%Reduced
Financial Security Advisor, Inc.12,000$439.0K0.08%+2,000+20.0%Added
Visionary Wealth Advisors12,465$456.0K0.02%−751−5.7%Reduced
StoneX Group Inc.12,522$460.5K0.02%+24+0.2%Added
Keybank National Association12,700$464.6K0.00%00.0%Unchanged
Neville Rodie & Shaw Inc12,701$465.0K0.03%00.0%Unchanged
US Bancorp13,115$479.7K0.00%00.0%Unchanged
Focus Financial Network, Inc.13,119$479.9K0.02%+254+2.0%Added
Farther Finance Advisors, LLC13,168$481.7K0.01%+13,168New
Beacon Pointe Advisors, LLC13,452$492.1K0.00%−1,934−12.6%Reduced
Per Stirling Capital Management, LLC.13,677$500.3K0.06%+215+1.6%Added
We Are One Seven, LLC13,726$502.1K0.01%00.0%Unchanged
Sound View Wealth Advisors Group, LLC13,740$502.6K0.03%−363−2.6%Reduced
HBK Sorce Advisory LLC14,067$530.7K0.01%+1,000+7.7%Added
Equitable Holdings, Inc.14,893$544.8K0.00%+2,552+20.7%Added
Maridea Wealth Management LLC15,234$557.3K0.08%+425+2.9%Added
Walled Lake Planning & Wealth Management, LLC15,385$562.8K0.18%00.0%Unchanged
Nations Financial Group Inc,15,575$569.7K0.03%00.0%Unchanged
Vivaldi Capital Management, LLC15,750$576.1K0.08%−200−1.3%Reduced
Mercer Global Advisors Inc15,758$576.4K0.00%−11−0.1%Reduced
Samalin Investment Counsel, LLC16,094$588.7K0.21%−2,034−11.2%Reduced
Colony Group, LLC15,642$589.9K0.00%+6,677+74.5%Added
Certified Advisory Corp16,146$590.6K0.05%−132−0.8%Reduced
AE Wealth Management LLC16,718$611.5K0.00%−237−1.4%Reduced
Mission Hills Financial Advisory, LLC16,886$617.7K0.33%+1,619+10.6%Added
MAI Capital Management17,109$625.9K0.00%+5,600+48.7%Added
PFG Investments, LLC17,264$631.5K0.03%−96−0.6%Reduced
AlphaCore Capital LLC17,330$633.9K0.01%−12,679−42.3%Reduced
Atomi Financial Group, Inc.17,343$634.4K0.02%+822+5.0%Added
Belpointe Asset Management LLC17,790$650.8K0.02%+774+4.5%Added
Sunpointe, LLC17,827$655.7K0.22%−600−3.3%Reduced
Davenport & Co LLC18,251$667.6K0.00%+1,033+6.0%Added
HighTower Advisors, LLC18,590$680.0K0.00%+948+5.4%Added
Castle Rock Wealth Management, LLC18,201$680.8K0.15%−45−0.2%Reduced
Prospera Financial Services Inc19,178$701.5K0.01%−96−0.5%Reduced
Advisory Services Network, LLC19,404$709.8K0.01%+269+1.4%Added
Atlas Brown,Inc.19,621$717.7K0.21%+22+0.1%Added
Welch Group, LLC19,729$721.7K0.03%−1,500−7.1%Reduced
Sanctuary Advisors, LLC20,061$733.8K0.00%+1,507+8.1%Added
Matrix Private Capital Group LLC20,007$735.9K0.37%+3,315+19.9%Added
Brookstone Capital Management20,258$741.0K0.01%+415+2.1%Added
Monetary Management Group Inc20,500$749.9K0.17%+1,500+7.9%Added
Atlanta Consulting Group Advisors, LLC20,838$766.4K0.17%+53+0.3%Added
Cohen & Steers, Inc.23,000$841.0K0.00%00.0%Unchanged
Comerica Bank23,328$853.3K0.00%+30.0%Added
Westbourne Investment Advisors, Inc.23,700$866.9K0.24%+500+2.2%Added
CWM, LLC23,789$870.0K0.00%+868+3.8%Added
Kovack Advisors, Inc.24,665$902.2K0.04%+24,665New
Creative Planning24,730$904.6K0.00%+1,564+6.8%Added
Merrion Investment Management Co, LLC25,000$914.5K0.49%00.0%Unchanged
PMG Family Office LLC25,467$931.6K1.08%+125+0.5%Added
Future Financial Wealth Managment LLC25,142$934.5K0.63%−453−1.8%Reduced
XML Financial, LLC27,445$1.00M0.08%−20,025−42.2%Reduced
Carnegie Lake Advisors LLC28,772$1.05M0.40%+49+0.2%Added
Edge Financial Advisors LLC29,700$1.09M0.46%+4,483+17.8%Added
Stephens Inc30,157$1.10M0.01%+2,295+8.2%Added
MML Investors Services, LLC30,854$1.13M0.00%+5,618+22.3%Added
Jefferies Financial Group Inc.31,447$1.15M0.01%+6,545+26.3%Added
ORG Wealth Partners, LLC34,014$1.24M0.29%+33,414+5,569.0%Added
Change Path, LLC34,065$1.25M0.03%−7,043−17.1%Reduced
Beacon Capital Management, Inc.34,500$1.26M0.07%00.0%Unchanged
Steward Partners Investment Advisory, LLC34,568$1.26M0.01%+2,973+9.4%Added
Sigma Planning Corp36,948$1.35M0.04%+4,988+15.6%Added
Wedbush Securities Inc37,394$1.37M0.04%+2,173+6.2%Added
Integrity Alliance, LLC.38,533$1.41M0.05%+2,600+7.2%Added
Aegis Wealth Management, Inc.42,266$1.55M1.21%+42,266New
Wright Wealth LLC42,565$1.56M1.02%+42,565New
Wiley Bros.-Aintree Capital, LLC45,570$1.67M0.01%+26,018+133.1%Added
NWF Advisory Services Inc.46,809$1.71M0.19%+7,121+17.9%Added
Stratos Wealth Partners, LTD.49,665$1.82M0.02%+4,036+8.8%Added
Kercheville Advisors, LLC47,990$1.82M0.48%+5,011+11.7%Added
Griffin Asset Management, Inc.49,809$1.82M0.20%+10,059+25.3%Added
Strategic Family Wealth Counselors, L.L.C.49,691$1.85M0.41%+11,927+31.6%Added
Kestra Advisory Services, LLC50,817$1.86M0.01%+2,535+5.3%Added
NBC Securities, Inc.52,137$1.91M0.14%−99−0.2%Reduced
The PNC Financial Services Group, Inc.52,942$1.94M0.00%+8,564+19.3%Added
First Trust Advisors LP53,440$1.95M0.00%+4,754+9.8%Added