Saba Capital Income & Opportunities Fund
BRW
80 hedge funds and large institutions have $154M invested in Saba Capital Income & Opportunities Fund in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 8 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
1% more funds holding
Funds holding: 79 → 80 (+1)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
1% more capital invested
Capital invested by funds: $152M → $154M (+$1.85M)
0.52% more ownership
Funds ownership: 7.92% → 8.44% (+0.52%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
+$4.84M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
+$3.04M |
| 3 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
+$2.57M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.67M |
| 5 |
JP Morgan Chase
New York
|
+$696K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.4M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$1.86M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$711K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$680K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$482K |
BRW Hedge Fund Activity: Q3 2014 in Review
80 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2014, worth a combined $154M — up 1.2% from $152M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BRW positions and 8 closed out — a net gain of 1 holder — while 24 added to existing stakes and 22 trimmed.
The largest buyer was Bain Capital Credit, opening a new position worth an estimated $4.84M. The largest seller was Morgan Stanley, cutting an estimated $2.4M.
- 80 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2014, up from 79 in Q2 2014.
- Funds reported $154M of Saba Capital Income & Opportunities Fund stock for Q3 2014, up 1.2% quarter-over-quarter.
- 9 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2014 and 8 closed out, a net change of +1 holder.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2014 was Bain Capital Credit, an estimated $4.84M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2014 was Morgan Stanley, an estimated $2.4M sold.
Based on aggregated 13F filings for Q3 2014.