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BRW

Saba Capital Income & Opportunities Fund
BRW

79 hedge funds and large institutions have $152M invested in Saba Capital Income & Opportunities Fund in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $139M → $152M (+$13.4M)

0% more funds holding

Funds holding: 79 → 79 (0)

0% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 14

0.18% less ownership

Funds ownership: 8.09% → 7.92% (-0.18%)

9% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 22

Holders
79
Holders Change
–
Holders Change %
0%
% of All Funds
2.27%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
20
Reduced
22
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
+$4.34M
2
Morgan Stanley
Morgan Stanley
New York
+$3.29M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.88M
4
RCM
Robinson Capital Management
Michigan
+$2.21M
5
UCFA
United Capital Financial Advisors
Texas
+$2.06M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$18.7M
2
ARC
Absolute Return Capital
Massachusetts
-$1.95M
3
AAM
Advisors Asset Management
Colorado
-$1.3M
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$549K
5
GLA
Great Lakes Advisors
Illinois
-$457K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$378K -$1.3K -114 -0.3%
CIA
27
Capital Investment Advisors
Georgia
$361K -$35.1K -3,070 -9%
WS
28
Wedbush Securities
California
$319K +$13.6K +1,191 +5%
Bank of New York Mellon
29
Bank of New York Mellon
New York
$317K -$11 -1 -0%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$268K +$92.4K +8,088 +54%
BSWMG
31
Barrington Strategic Wealth Management Group
Illinois
$249K -$8K -700 -3%
DA
32
Doliver Advisors
Texas
$245K +$242K +21,198 New
VKH
33
Virtu KCG Holdings
New York
$244K +$240K +21,037 New
HighTower Advisors
34
HighTower Advisors
Illinois
$230K -$62.9K -5,500 -22%
CL
35
CPWM LLC
Washington
$210K – – –
SFG
36
Sather Financial Group
Texas
$204K – – –
FHA
37
First Horizon Advisors
Tennessee
$192K +$124K +10,810 +166%
FAAS
38
First Allied Advisory Services
California
$177K +$103 +9 +0.1%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$170K +$14.8K +1,292 +10%
ICAS
40
Investors Capital Advisory Services
Massachusetts
$161K +$251 +22 +0.2%
KFS
41
KMS Financial Services
Washington
$157K – – –
NPC
42
National Planning Corporation
California
$149K +$48.6K +4,250 +50%
Creative Planning
43
Creative Planning
Kansas
$127K -$5.75K -503 -4%
WRM
44
Westport Resources Management
Connecticut
$127K +$126K +11,003 New
CAN
45
Cetera Advisor Networks
California
$120K +$26.5K +2,319 +29%
EVC
46
Eidelman Virant Capital
Missouri
$116K – – –
WEC
47
Winslow Evans & Crocker
Massachusetts
$113K -$3.43K -300 -3%
WA
48
WealthTrust Axiom
Pennsylvania
$103K – – –
SFS
49
Shaker Financial Services
Virginia
$101K -$411K -36,000 -81%
Neuberger Berman Group
50
Neuberger Berman Group
New York
$100K – – –
1
2
3 4

BRW Hedge Fund Activity: Q2 2014 in Review

79 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2014, worth a combined $152M — up 9.7% from $139M a quarter earlier.

Fund positioning in BRW was balanced in Q2 2014: 14 funds opened new positions, 14 closed out, 20 added to existing stakes and 22 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $4.34M. The largest seller was Invesco, exiting entirely with an estimated $18.7M sold.

  • 79 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2014, unchanged from Q1 2014.
  • Funds reported $152M of Saba Capital Income & Opportunities Fund stock for Q2 2014, up 9.7% quarter-over-quarter.
  • 14 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2014 and 14 closed out, a net change of 0 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2014 was Mariner Investment Group, an estimated $4.34M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2014 was Invesco, an estimated $18.7M sold.

Based on aggregated 13F filings for Q2 2014.