Vault-13

REAVES UTIL INCOME FD UTG

COM SH BEN INT · Closed-End Fund · CUSIP 756158101

241 institutional holders +18 vs Q2 2025
12,555,79112.6m shares reported held*
$497.3mreported value*
31 new 96 added 58 reduced 10 sold out net bought ≈ $3.0m (+74.5k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $39.61.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 152Q4 22: 159Q1 23: 166Q2 23: 153Q3 23: 148Q4 23: 163Q1 24: 168Q2 24: 173Q3 24: 201Q4 24: 204Q1 25: 204Q2 25: 223Q3 25: 241241Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022152
Q4 2022159
Q1 2023166
Q2 2023153
Q3 2023148
Q4 2023163
Q1 2024168
Q2 2024173
Q3 2024201
Q4 2024204
Q1 2025204
Q2 2025223
Q3 2025241

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 23: 76 bought or addedQ4 23: 57 cut or sold outQ1 24: 79 bought or addedQ1 24: 51 cut or sold outQ1 24Q2 24: 82 bought or addedQ2 24: 57 cut or sold outQ3 24: 106 bought or addedQ3 24: 45 cut or sold outQ3 24Q4 24: 104 bought or addedQ4 24: 64 cut or sold outQ1 25: 108 bought or addedQ1 25: 64 cut or sold outQ1 25Q2 25: 124 bought or addedQ2 25: 60 cut or sold outQ3 25: 127 bought or addedQ3 25: 68 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20237657
Q1 20247951
Q2 20248257
Q3 202410645
Q4 202410464
Q1 202510864
Q2 202512460
Q3 202512768

Biggest buyers

ABSOLUTE INVESTMENT ADVISERS, LLC New +129,661+129.7k
LPL Financial LLC Added +69,577+69.6k
BANK OF AMERICA CORP /DE/ Added +52,449+52.4k
Quarry LP New +47,913+47.9k
GRIFFIN ASSET MANAGEMENT, INC. New +39,750+39.8k
Cornerstone Advisors, LLC Added +35,700+35.7k
Cetera Investment Advisers Added +29,158+29.2k
WELLS FARGO & COMPANY/MN Added +27,426+27.4k
MORGAN STANLEY Added +26,907+26.9k
Magnus Financial Group LLC Added +25,718+25.7k

Biggest sellers

ROYAL BANK OF CANADA Reduced -467,375-467.4k
Wealthspire Advisors, LLC Sold out -97,683-97.7k
Consolidated Portfolio Review Corp Reduced -67,237-67.2k
OAK FAMILY ADVISORS, LLC Reduced -28,221-28.2k
GUGGENHEIM CAPITAL LLC Reduced -17,166-17.2k
Tradition Wealth Management, LLC Reduced -16,886-16.9k
CreativeOne Wealth, LLC Reduced -16,085-16.1k
Armor Investment Advisors, LLC Reduced -15,054-15.1k
XTX Topco Ltd Sold out -14,844-14.8k
Calamos Advisors LLC Sold out -9,808-9.8k

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 1 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 0 sellingQ3 24Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20230—0——
Q1 20241$50.0k0——
Q2 20240—0——
Q3 20241$9.8k0——
Q4 20241$29.4k0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,095,8501.1m $43.4m $43.4m 0.00% Added +52.4k +52,449
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,002,0791.0m $39.7m $39.7m 0.00% Added +26.9k +26,907
3 Cornerstone Advisors, LLC 1.00% of their portfolio ASHEVILLE, NC 768,185768.2k $30.4m $30.4m 1.00% Added +35.7k +35,700
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 686,184686.2k $27.2m $27.2m 0.01% Added +69.6k +69,577
5 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 660,370660.4k $26.2m $26.2m 0.01% Added +27.4k +27,426
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 520,399520.4k $20.6m $20.6m 0.00% Reduced -467.4k -467,375
7 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 508,238508.2k $20.1m $20.1m 0.03% Reduced -811 -811
8 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 377,836377.8k $15.0m $15.0m 0.00% Reduced -4.5k -4,481
9 J.W. COLE ADVISORS, INC. 0.28% of their portfolio TAMPA, FL 365,774365.8k $14.5m $14.5m 0.28% Added +2.8k +2,818
10 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 355,691355.7k $14.1m $14.1m 0.03% Reduced -3.4k -3,425
11 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 312,742312.7k $12.4m $12.4m 0.00% Added +25.5k +25,504
12 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 263,609263.6k $10.4m $10.4m 0.01% Added +8.4k +8,440
13 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 244,872244.9k $9.5m $9.5m 0.01% Added +7.8k +7,788
14 Magnus Financial Group LLC 0.72% of their portfolio NEW YORK, NY 229,669229.7k $9.1m $9.1m 0.72% Added +25.7k +25,718
15 OAK FAMILY ADVISORS, LLC 2.84% of their portfolio CHICAGO, IL 221,173221.2k $8.8m $8.8m 2.84% Reduced -28.2k -28,221
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 200,390200.4k $7.9m $7.9m 0.00% Added +11.6k +11,561
17 Sterling Investment Advisors, Ltd. 1.47% of their portfolio BERWYN, PA 190,855190.9k $7.6m $7.6m 1.47% Reduced -1.5k -1,504
18 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 179,565179.6k $7.1m $7.1m 0.01% Added +29.2k +29,158
19 GUGGENHEIM CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 161,740161.7k $6.4m $6.4m 0.05% Reduced -17.2k -17,166
20 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 150,035150.0k $5.9m $5.9m 0.02% Reduced -159 -159
21 JBR Co Financial Management Inc 2.42% of their portfolio ARDMORE, OK 144,214144.2k $5.7m $5.7m 2.42% Added +12.4k +12,402
22 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 141,421141.4k $5.6m $5.6m 0.03% Added +788 +788
23 ABSOLUTE INVESTMENT ADVISERS, LLC 0.65% of their portfolio ROSEMARY BEACH, FL 129,661129.7k $5.1m $5.1m 0.65% New
24 Mariner, LLC 0.01% of their portfolio Overland Park, KS 129,280129.3k $5.1m $5.1m 0.01% Added +328 +328
25 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 112,619112.6k $4.5m $4.5m 0.02% Added +828 +828
26 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 100,403100.4k $4.0m $4.0m 0.01% Added +6.8k +6,840
27 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 97,60597.6k $3.9m $3.9m 0.01% Added +5.9k +5,909
28 INDEPENDENT FINANCIAL GROUP, LLC 0.08% of their portfolio SAN DIEGO, CA 87,11687.1k $3.5m $3.5m 0.08% Reduced -259 -259
29 REAVES W H & CO INC 0.06% of their portfolio JERSEY CITY, NJ 82,06082.1k $3.3m $3.3m 0.06% Reduced -6.6k -6,563
30 Tradition Wealth Management, LLC 0.24% of their portfolio EDINA, MN 81,37581.4k $3.2m $3.2m 0.24% Reduced -16.9k -16,886
31 Smith Asset Management Co., LLC 2.67% of their portfolio Chiefland, FL 79,26079.3k $3.1m $3.1m 2.67% Reduced -677 -677
32 WEALTH EFFECTS LLC 0.89% of their portfolio BOSTON, MA 70,24570.2k $2.8m $2.8m 0.89% Added +546 +546
33 LongView Wealth Management 0.75% of their portfolio ATLANTA, GA 69,74569.7k $2.8m $2.8m 0.75% Added +65 +65
34 Consolidated Portfolio Review Corp 0.33% of their portfolio WOODBURY, NY 64,77464.8k $2.6m $2.6m 0.33% Reduced -67.2k -67,237
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 61,12561.1k $2.5m $2.5m 0.00% Added +6.4k +6,418
36 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 60,42160.4k $2.4m $2.4m 0.03% Added +1.5k +1,493
37 Sowell Financial Services LLC 0.09% of their portfolio NORTH LITTLE ROCK, AR 58,86958.9k $2.3m $2.3m 0.09% Added +1.3k +1,260
38 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 56,38456.4k $2.2m $2.2m 0.00% Reduced -1.8k -1,825
39 CENTAURUS FINANCIAL, INC. 0.10% of their portfolio ANAHEIM, CA 54,15954.2k $2.1m $2.1m 0.10% Added +57 +57
40 LANARK FINANCIAL, INC. 0.16% of their portfolio BIRMINGHAM, AL 52,23652.2k $2.1m $2.1m 0.16% Added +1.1k +1,063
41 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 48,68648.7k $1.9m $1.9m 0.00% Added +7.5k +7,542
42 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 48,28248.3k $1.9m $1.9m 0.01% Added +12.1k +12,105
43 Quarry LP 0.46% of their portfolio NEW YORK, NY 47,91347.9k $1.9m $1.9m 0.46% New
44 XML Financial, LLC 0.15% of their portfolio BETHESDA, MD 47,47047.5k $1.9m $1.9m 0.15% Reduced -2.2k -2,185
45 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 45,62945.6k $1.8m $1.8m 0.02% Added +5.3k +5,254
46 World Investment Advisors 0.04% of their portfolio LINCROFT, NJ 45,49045.5k $1.8m $1.8m 0.04% Added +5.3k +5,269
47 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 44,37844.4k $1.8m $1.8m 0.00% Added +9.8k +9,779
48 Kercheville Advisors, LLC 0.51% of their portfolio San Antonio, TX 42,97943.0k $1.7m $1.7m 0.51% Added +8.2k +8,209
49 CreativeOne Wealth, LLC 0.04% of their portfolio OVERLAND PARK, KS 41,10841.1k $1.6m $1.6m 0.04% Reduced -16.1k -16,085
50 GRIFFIN ASSET MANAGEMENT, INC. 0.18% of their portfolio New York, NY 39,75039.8k $1.6m $1.6m 0.18% New
51 NWF Advisory Services Inc. 0.17% of their portfolio Los Angeles, CA 39,68839.7k $1.6m $1.6m 0.17% Added +12.9k +12,926
52 Strategic Family Wealth Counselors, L.L.C. 0.39% of their portfolio FAIRFIELD, NJ 37,76437.8k $1.5m $1.5m 0.39% Added +9.7k +9,691
53 HBW ADVISORY SERVICES LLC 0.16% of their portfolio SIMI VALLEY, CA 36,64736.6k $1.5m $1.5m 0.16% Added +4.5k +4,504
54 INTEGRITY ALLIANCE, LLC. 0.07% of their portfolio Urbandale, IA 35,93335.9k $1.4m $1.4m 0.07% Added +2.3k +2,310
55 WEDBUSH SECURITIES INC 0.05% of their portfolio PASADENA, CA 35,22135.2k $1.4m $1.4m 0.05% Reduced -788 -788
56 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 35,08935.1k $1.3m $1.3m 0.00% Added +17.1k +17,133
57 Beacon Capital Management, Inc. 0.07% of their portfolio DAYTON, OH 34,50034.5k $1.4m $1.4m 0.07% Unchanged
58 Sigma Planning Corp 0.04% of their portfolio ANN ARBOR, MI 31,96032.0k $1.3m $1.3m 0.04% Added +3.1k +3,070
59 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 31,59531.6k $1.3m $1.3m 0.01% Reduced -1.4k -1,403
60 AlphaCore Capital LLC 0.04% of their portfolio LA JOLLA, CA 30,00930.0k $1.2m $1.2m 0.04% Reduced -816 -816
61 NFSG Corp 0.17% of their portfolio BOCA RATON, FL 29,29629.3k $1.2m $1.2m 0.17% Added +7.0k +7,013
62 Carnegie Lake Advisors LLC 0.44% of their portfolio PRINCETON, NJ 28,72328.7k $1.1m $1.1m 0.44% Added +114 +114
63 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 27,86227.9k $1.1m $1.1m 0.01% Added +949 +949
64 Future Financial Wealth Managment LLC 0.64% of their portfolio CINCINNATI, OH 25,59525.6k $1.0m $1.0m 0.64% Reduced -575 -575
65 PMG Family Office LLC 1.12% of their portfolio PLANO, TX 25,34225.3k $1.0m $1.0m 1.12% First filing
66 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 25,23625.2k $999.9k $999.9k 0.00% Added +7.6k +7,578
67 Edge Financial Advisors LLC 0.45% of their portfolio WHEATON, IL 25,21725.2k $999.1k $999.1k 0.45% Added +17.0k +17,002
68 Merrion Investment Management Co, LLC 0.57% of their portfolio Cranford, NJ 25,00025.0k $990.5k $990.5k 0.57% Unchanged
69 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 24,90224.9k $986.6k $986.6k 0.01% Added +15.9k +15,888
70 COMERICA BANK 0.00% of their portfolio DALLAS, TX 23,32523.3k $924.1k $924.1k 0.00% Added +4.2k +4,161
71 Westbourne Investment Advisors, Inc. 0.26% of their portfolio ANNAPOLIS, MD 23,20023.2k $919.2k $919.2k 0.26% Added +300 +300
72 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 23,16623.2k $917.8k $917.8k 0.00% Added +57 +57
73 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 23,00023.0k $911.0k $911.0k 0.00% Added +3.0k +3,000
74 CWM, LLC 0.00% of their portfolio OMAHA, NE 22,92122.9k $908.0k $908.0k 0.00% Added +152 +152
75 Welch Group, LLC 0.03% of their portfolio BIRMINGHAM, AL 21,22921.2k $841.1k $841.1k 0.03% Reduced -1.3k -1,271
76 Atlanta Consulting Group Advisors, LLC 0.20% of their portfolio ATLANTA, GA 20,78520.8k $823.5k $823.5k 0.20% Reduced -3.7k -3,749
77 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 19,84319.8k $786.2k $786.2k 0.01% Reduced -2.8k -2,763
78 Atlas Brown,Inc. 0.23% of their portfolio LOUISVILLE, KY 19,59919.6k $776.5k $776.5k 0.23% Added +20 +20
79 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 19,55219.6k $774.7k $774.7k 0.00% Added +8.3k +8,311
80 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 19,27419.3k $763.6k $763.6k 0.01% Reduced -222 -222
81 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 19,13519.1k $758.1k $758.1k 0.01% Reduced -50 -50
82 MONETARY MANAGEMENT GROUP INC 0.17% of their portfolio ST LOUIS, MO 19,00019.0k $752.8k $752.8k 0.17% Added +2.6k +2,600
83 Sunpointe, LLC 0.26% of their portfolio ST. LOUIS, MO 18,42718.4k $730.1k $730.1k 0.26% Added +653 +653
84 Castle Rock Wealth Management, LLC 0.16% of their portfolio WALNUT CREEK, CA 18,24618.2k $728.5k $728.5k 0.16% Added +3.5k +3,510
85 Samalin Investment Counsel, LLC 0.25% of their portfolio CHAPPAQUA, NY 18,12818.1k $718.2k $718.2k 0.25% Reduced -1.7k -1,686
86 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 17,64217.6k $699.0k $699.0k 0.00% Added +435 +435
87 PFG Investments, LLC 0.04% of their portfolio WOODBURY, NY 17,36017.4k $687.8k $687.8k 0.04% Added +3.1k +3,080
88 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 17,21817.2k $682.2k $682.2k 0.00% Added +131 +131
89 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 17,01617.0k $674.2k $674.2k 0.03% Added +3.0k +3,005
90 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 16,95517.0k $671.8k $671.8k 0.00% Added +153 +153
91 MATRIX PRIVATE CAPITAL GROUP LLC 0.35% of their portfolio NEW YORK, NY 16,69216.7k $661.3k $661.3k 0.35% Added +5.1k +5,142
92 Compound Planning, Inc. 0.02% of their portfolio NEW YORK, NY 16,52116.5k $654.6k $654.6k 0.02% New
93 Certified Advisory Corp 0.06% of their portfolio ALTAMONTE SPRINGS, FL 16,27816.3k $645.0k $645.0k 0.06% Added +1.0k +1,032
94 DEBUSSY CAPITAL MANAGEMENT LP 0.09% of their portfolio CHICAGO, IL 15,95015.9k $631.9k $631.9k 0.09% Reduced -8.4k -8,400
95 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 15,76915.8k $624.8k $624.8k 0.00% Added +920 +920
96 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.04% of their portfolio CEDAR RAPIDS, IA 15,57515.6k $617.1k $617.1k 0.04% Unchanged
97 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 15,38615.4k $609.6k $609.6k 0.01% New
98 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.20% of their portfolio HIGHLAND PARK, IL 15,38515.4k $609.6k $609.6k 0.20% Added +1.3k +1,340
99 Mission Hills Financial Advisory, LLC 0.32% of their portfolio SAN DIEGO, CA 15,26715.3k $604.9k $604.9k 0.32% Added +2.9k +2,893
100 Maridea Wealth Management LLC 0.09% of their portfolio BROOKLYN, NY 14,80914.8k $578.3k $578.3k 0.09% Reduced -501 -501