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BRW

Saba Capital Income & Opportunities Fund
BRW

78 hedge funds and large institutions have $135M invested in Saba Capital Income & Opportunities Fund in 2013 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 7

13% more funds holding

Funds holding: 69 → 78 (+9)

0.22% less ownership

Funds ownership: 8.05% → 7.84% (-0.22%)

10% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 21

7% less capital invested

Capital invested by funds: $144M → $135M (-$9.44M)

Holders
78
Holders Change
+9
Holders Change %
+13.04%
% of All Funds
2.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
19
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$1.45M
2
JP Morgan Chase
JP Morgan Chase
New York
+$1.27M
3
PP
Paloma Partners
Connecticut
+$1.12M
4
OC
Oppenheimer & Co
New York
+$647K
5
SG Americas Securities
SG Americas Securities
New York
+$583K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.09M
2
Invesco
Invesco
Georgia
-$4.06M
3
AAM
Advisors Asset Management
Colorado
-$724K
4
Wells Fargo
Wells Fargo
California
-$613K
5
ARC
Absolute Return Capital
Massachusetts
-$492K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cetera Advisors
Colorado
$288K +$295K +24,781 New
VKH
27
Virtu KCG Holdings
New York
$266K +$272K +22,863 New
BSWMG
28
Barrington Strategic Wealth Management Group
Illinois
$260K +$266K +22,295 New
SFG
29
Sather Financial Group
Texas
$205K -$51.8K -4,350 -20%
CL
30
CPWM LLC
Washington
$188K – – –
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$186K +$42.3K +3,551 +29%
FAAS
32
First Allied Advisory Services
California
$181K -$36.2K -3,041 -17%
ICAS
33
Investors Capital Advisory Services
Massachusetts
$161K +$10.1K +851 +7%
FHA
34
First Horizon Advisors
Tennessee
$161K +$49.1K +4,125 +43%
KFS
35
KMS Financial Services
Washington
$158K +$11.4K +960 +8%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$155K +$42.3K +3,551 +36%
RJT
37
Raymond James Trust
Florida
$146K +$59.6K +5,000 +66%
AIG
38
American International Group
New York
$129K – – –
Creative Planning
39
Creative Planning
Kansas
$121K -$34K -2,855 -22%
WEC
40
Winslow Evans & Crocker
Massachusetts
$117K +$120K +10,050 New
EVC
41
Eidelman Virant Capital
Missouri
$116K – – –
FNYS
42
First New York Securities
New York
$110K +$112K +9,427 New
WA
43
WealthTrust Axiom
Pennsylvania
$104K – – –
NPC
44
National Planning Corporation
California
$102K +$18.9K +1,590 +22%
Neuberger Berman Group
45
Neuberger Berman Group
New York
$101K – – –
WA
46
WFG Advisors
Texas
$91K +$24 +2 +0%
Citigroup
47
Citigroup
New York
$90K -$17.5K -1,469 -16%
CAN
48
Cetera Advisor Networks
California
$87K +$16.9K +1,423 +23%
Barclays
49
Barclays
United Kingdom
$81K -$143K -12,000 -60%
WT
50
Whittier Trust
California
$81K – – –
1
2
3 4

BRW Hedge Fund Activity: Q4 2013 in Review

78 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2013, worth a combined $135M — down 6.6% from $144M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BRW positions and 7 closed out — a net gain of 10 holders — while 19 added to existing stakes and 21 trimmed.

The largest buyer was UBS, adding an estimated $1.45M. The largest seller was Morgan Stanley, cutting an estimated $4.09M.

  • 78 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2013, up from 69 in Q3 2013.
  • Funds reported $135M of Saba Capital Income & Opportunities Fund stock for Q4 2013, down 6.6% quarter-over-quarter.
  • 17 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2013 and 7 closed out, a net change of +10 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2013 was UBS, an estimated $1.45M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2013 was Morgan Stanley, an estimated $4.09M sold.

Based on aggregated 13F filings for Q4 2013.