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BRW

Saba Capital Income & Opportunities Fund
BRW

90 hedge funds and large institutions have $176M invested in Saba Capital Income & Opportunities Fund in 2015 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 9

19% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 21

13% more funds holding

Funds holding: 80 → 90 (+10)

1.04% more ownership

Funds ownership: 9.72% → 10.76% (+1%)

4% more capital invested

Capital invested by funds: $169M → $176M (+$6.56M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
90
Holders Change
+10
Holders Change %
+12.5%
% of All Funds
2.43%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
19
Increased
25
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
+$5.72M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$3.94M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$3.93M
4
Bessemer Group
Bessemer Group
New Jersey
+$3.55M
5
RCM
Rivernorth Capital Management
Florida
+$1.45M

Top Sellers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
-$1.74M
2
CS
Credit Suisse
Switzerland
-$1.29M
3
UBS Group
UBS Group
Switzerland
-$1.15M
4
HNB
Huntington National Bank
Ohio
-$911K
5
CA
Cornerstone Advisors
North Carolina
-$836K
Name Holding Trade Value Shares
Change 		Change in
Stake
OFG
26
OTA Financial Group
New York
$541K +$564K +51,016 New
HNB
27
Huntington National Bank
Ohio
$528K -$911K -82,436 Closed
Citigroup
28
Citigroup
New York
$496K -$20.7K -1,876 -4%
RJA
29
Raymond James & Associates
Florida
$445K +$57.3K +5,188 +14%
AAM
30
Advisors Asset Management
Colorado
$422K +$445K +40,228 New
DA
31
Doliver Advisors
Texas
$420K +$442K +40,017 New
CIA
32
Capital Investment Advisors
Georgia
$325K – – –
AA
33
AQR Arbitrage
Connecticut
$313K -$79.9K -7,230 -20%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$296K -$26.6K -2,404 -8%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$287K +$5.25K +475 +2%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$267K +$199 +18 +0.1%
WS
37
Wedbush Securities
California
$251K +$276 +25 +0.1%
AllianceBernstein
38
AllianceBernstein
Tennessee
$232K +$245K +22,137 New
NPC
39
National Planning Corporation
California
$220K +$76.1K +6,890 +49%
YMRC
40
Yorktown Management & Research Company
Virginia
$210K +$55.2K +5,000 +33%
WA
41
WFG Advisors
Texas
$194K +$1.69K +153 +0.8%
FAAS
42
First Allied Advisory Services
California
$184K +$55K +4,980 +40%
CL
43
CPWM LLC
Washington
$180K – – –
SFG
44
Sather Financial Group
Texas
$179K +$22.1K +2,000 +13%
Goldman Sachs
45
Goldman Sachs
New York
$176K +$185K +16,767 New
CS
46
Credit Suisse
Switzerland
$164K -$1.29M -116,359 -88%
PFS
47
Prospera Financial Services
Texas
$145K -$12.8K -1,162 -8%
ICAS
48
Investors Capital Advisory Services
Massachusetts
$144K +$232 +21 +0.2%
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$138K -$18.4K -1,665 -11%
Creative Planning
50
Creative Planning
Kansas
$138K -$6.63K -600 -4%
1
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BRW Hedge Fund Activity: Q2 2015 in Review

90 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2015, worth a combined $176M — up 3.9% from $169M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BRW positions and 9 closed out — a net gain of 10 holders — while 25 added to existing stakes and 21 trimmed.

The largest buyer was Eaton Vance Management, opening a new position worth an estimated $5.72M. The largest seller was Financial & Investment Management Group, cutting an estimated $1.74M.

  • 90 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2015, up from 80 in Q1 2015.
  • Funds reported $176M of Saba Capital Income & Opportunities Fund stock for Q2 2015, up 3.9% quarter-over-quarter.
  • 19 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2015 and 9 closed out, a net change of +10 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2015 was Eaton Vance Management, an estimated $5.72M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2015 was Financial & Investment Management Group, an estimated $1.74M sold.

Based on aggregated 13F filings for Q2 2015.