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 |
|---|---|---|---|---|---|
| Sowell Financial Services LLC | 54,726 | $2.00M | 0.07% | −4,143−7.0% | Reduced |
| Centaurus Financial, Inc. | 56,617 | $2.07M | 0.09% | +2,458+4.5% | Added |
| Northwestern Mutual Wealth Management Co | 57,450 | $2.10M | 0.00% | +1,066+1.9% | Added |
| Pensionmark Financial Group, LLC | 63,041 | $2.31M | 0.04% | +17,551+38.6% | Added |
| Oppenheimer & Co Inc | 64,447 | $2.36M | 0.03% | +4,026+6.7% | Added |
| LongView Wealth Management | 67,315 | $2.47M | 0.60% | −2,430−3.5% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 66,348 | $2.47M | 0.00% | +5,223+8.5% | Added |
| J.W. Cole Advisors, Inc. | 358,292 | $2.63M | 0.06% | −7,482−2.0% | Reduced |
| Smith Asset Management Co., LLC | 77,007 | $2.82M | 2.33% | −2,253−2.8% | Reduced |
| Wealth Effects LLC | 77,110 | $2.82M | 0.88% | +6,865+9.8% | Added |
| Tradition Wealth Management, LLC | 82,345 | $3.01M | 0.22% | +970+1.2% | Added |
| Reaves W H & Co Inc | 83,326 | $3.05M | 0.05% | +1,266+1.5% | Added |
| Independent Financial Group, LLC | 87,740 | $3.21M | 0.07% | +624+0.7% | Added |
| GWM Advisors LLC | 91,803 | $3.36M | 0.01% | −20,816−18.5% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 95,862 | $3.51M | 0.01% | −1,743−1.8% | Reduced |
| Janney Montgomery Scott LLC | 107,242 | $3.92M | 0.01% | +6,839+6.8% | Added |
| HBW Advisory Services LLC | 109,016 | $3.99M | 0.43% | +72,369+197.5% | Added |
| Mariner, LLC | 118,984 | $4.35M | 0.01% | −10,296−8.0% | Reduced |
| Guggenheim Capital LLC | 133,534 | $4.88M | 0.04% | −28,206−17.4% | Reduced |
| Private Advisor Group, LLC | 139,147 | $5.09M | 0.02% | −2,274−1.6% | Reduced |
| JBR Co Financial Management Inc | 142,112 | $5.20M | 2.18% | −2,102−1.5% | Reduced |
| Wealthspire Advisors, LLC | 144,310 | $5.28M | 0.04% | +144,310 | New |
| Lido Advisors, LLC | 150,035 | $5.94M | 0.02% | 00.0% | Unchanged |
| Cetera Investment Advisers | 168,570 | $6.17M | 0.01% | −10,995−6.1% | Reduced |
| Sterling Investment Advisors, Ltd. | 189,328 | $6.93M | 1.28% | −1,527−0.8% | Reduced |
| UBS Group AG | 221,141 | $8.09M | 0.00% | +20,751+10.4% | Added |
| Oak Family Advisors, LLC | 224,222 | $8.20M | 2.51% | +3,049+1.4% | Added |
| Magnus Financial Group LLC | 231,728 | $8.48M | 0.65% | +2,059+0.9% | Added |
| Advisor Group Holdings, Inc. | 255,308 | $9.34M | 0.01% | +10,436+4.3% | Added |
| Stifel Financial Corp | 283,606 | $10.4M | 0.01% | +19,997+7.6% | Added |
| Cornerstone Advisors, LLC | 294,426 | $10.8M | 0.36% | −473,759−61.7% | Reduced |
| Raymond James Financial Inc | 328,542 | $12.0M | 0.00% | +15,800+5.1% | Added |
| Captrust Financial Advisors | 343,166 | $12.6M | 0.02% | −12,525−3.5% | Reduced |
| Ameriprise Financial Inc | 368,935 | $13.5M | 0.00% | −8,901−2.4% | Reduced |
| Commonwealth Equity Services, LLC | 530,176 | $19.4M | 0.03% | +21,938+4.3% | Added |
| Royal Bank of Canada | 535,365 | $19.6M | 0.00% | +14,966+2.9% | Added |
| Wells Fargo & Company | 679,292 | $24.8M | 0.00% | +18,922+2.9% | Added |
| LPL Financial LLC | 779,445 | $28.5M | 0.01% | +93,261+13.6% | Added |
| Morgan Stanley | 1,069,694 | $39.1M | 0.00% | +67,615+6.7% | Added |
| Bank of America Corp | 1,070,459 | $39.2M | 0.00% | −25,391−2.3% | Reduced |
| Absolute Investment Advisers LLC | 0 | $0 | 0.00% | −129,661−100.0% | Sold out |
| Consolidated Portfolio Review Corp | 0 | $0 | 0.00% | −64,774−100.0% | Sold out |
| Quarry LP | 0 | $0 | 0.00% | −47,913−100.0% | Sold out |
| Newbridge Financial Services Group, Inc. | 0 | $0 | 0.00% | −29,296−100.0% | Sold out |
| Walleye Capital LLC | 0 | $0 | 0.00% | −11,698−100.0% | Sold out |
| Modern Wealth Management, LLC | 0 | $0 | 0.00% | −11,561−100.0% | Sold out |
| Concurrent Investment Advisors, LLC | 0 | $0 | 0.00% | −10,221−100.0% | Sold out |
| Hollow Brook Wealth Management LLC | 0 | $0 | 0.00% | −7,606−100.0% | Sold out |
| IFG Advisory, LLC | 0 | $0 | 0.00% | −5,418−100.0% | Sold out |
| RMR Capital Management, LLC | 0 | $0 | 0.00% | −5,373−100.0% | Sold out |
| Pinnacle Wealth Management Group, Inc. | 0 | $0 | 0.00% | −5,350−100.0% | Sold out |
| Great Valley Advisor Group, Inc. | 0 | $0 | 0.00% | −5,250−100.0% | Sold out |
| Keystone Financial Group | 0 | $0 | 0.00% | −5,181−100.0% | Sold out |
| Perigon Wealth Management, LLC | 0 | $0 | 0.00% | −5,160−100.0% | Sold out |
| SeaCrest Wealth Management, LLC | 0 | $0 | 0.00% | −5,020−100.0% | Sold out |
| Post Resch Tallon Group Inc. | 0 | $0 | 0.00% | −5,125−100.0% | Sold out |
| Proficio Capital Partners LLC | 0 | $0 | 0.00% | −5,075−100.0% | Sold out |
| GPS Wealth Strategies Group, LLC | 0 | $0 | 0.00% | −1,253−100.0% | Sold out |
| Salem Investment Counselors Inc | 0 | $0 | 0.00% | −1,246−100.0% | Sold out |
| Logan Capital Management Inc | 0 | $0 | 0.00% | −1,000−100.0% | Sold out |
| CX Institutional | 0 | $0 | 0.00% | −920−100.0% | Sold out |
| Ameritas Advisory Services, LLC | 0 | $0 | 0.00% | −650−100.0% | Sold out |
| Clearstead Advisors, LLC | 0 | $0 | 0.00% | −550−100.0% | Sold out |
| Parallel Advisors, LLC | 0 | $0 | 0.00% | −253−100.0% | Sold out |
| Delta Asset Management LLC | 0 | $0 | 0.00% | −200−100.0% | Sold out |
| Main Street Group, LTD | 0 | $0 | 0.00% | −200−100.0% | Sold out |
| BlackRock, Inc. | 0 | $0 | 0.00% | −192−100.0% | Sold out |
| Ronald Blue Trust, Inc. | 0 | $0 | 0.00% | −150−100.0% | Sold out |
| Stonegate Investment Group, LLC | – | – | – | – | Not filed |
| Lowe Wealth Advisors, LLC | – | – | – | – | Not filed |
| Watts Gwilliam & Co., LLC | – | – | – | – | Not filed |