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BRW

Saba Capital Income & Opportunities Fund

85 hedge funds and large institutions have $196M invested in Saba Capital Income & Opportunities Fund in 2015 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $176M → $196M (+$19.7M)

2.29% more ownership

Funds ownership: 10.76%13.05% (+2.3%)

6% less funds holding

Funds holding: 9085 (-5)

19% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 26

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
85
Holders Change
-5
Holders Change %
-5.56%
% of All Funds
2.37%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
8
Increased
21
Reduced
26
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HNB
26
Huntington National Bank
Ohio
$509K
DA
27
Doliver Advisors
Texas
$509K +$108K +10,278 +26%
Stifel Financial
28
Stifel Financial
Missouri
$496K -$31.6K -3,000 -6%
Citigroup
29
Citigroup
New York
$477K -$1.21K -115 -0.2%
HK
30
Horizon Kinetics
New York
$412K -$701K -66,625 -62%
RJA
31
Raymond James & Associates
Florida
$403K -$26.9K -2,561 -6%
CIA
32
Capital Investment Advisors
Georgia
$306K -$7.89K -750 -2%
AA
33
AQR Arbitrage
Connecticut
$296K -$6.43K -611 -2%
WA
34
WFG Advisors
Texas
$275K +$91.2K +8,665 +47%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$258K -$28K -2,658 -9%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$234K -$24K -2,281 -9%
WS
37
Wedbush Securities
California
$224K -$18.2K -1,726 -7%
YMRC
38
Yorktown Management & Research Company
Virginia
$202K
NPC
39
National Planning Corporation
California
$201K -$8.17K -777 -4%
CL
40
CPWM LLC
Washington
$174K
SFG
41
Sather Financial Group
Texas
$172K
FAAS
42
First Allied Advisory Services
California
$170K -$5.16K -490 -3%
LCM
43
Landscape Capital Management
New Jersey
$163K +$170K +16,133 New
CS
44
Credit Suisse
Switzerland
$144K -$14.3K -1,358 -9%
PFS
45
Prospera Financial Services
Texas
$140K
ICAS
46
Investors Capital Advisory Services
Massachusetts
$126K -$12.9K -1,228 -9%
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$120K -$13.1K -1,243 -9%
BSWMG
48
Barrington Strategic Wealth Management Group
Illinois
$109K -$14.7K -1,400 -12%
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$108K -$800 -76 -0.7%
Creative Planning
50
Creative Planning
Kansas
$107K -$26.3K -2,500 -19%

BRW Hedge Fund Activity: Q3 2015 in Review

85 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2015, worth a combined $196M — up 11% from $176M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BRW and 8 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 21 added.

The largest buyer was Baillie Gifford & Co, adding an estimated $19.5M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.46M sold.

  • 85 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2015, down from 90 in Q2 2015.
  • Funds reported $196M of Saba Capital Income & Opportunities Fund stock for Q3 2015, up 11% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2015 and 11 closed out, a net change of -3 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2015 was Baillie Gifford & Co, an estimated $19.5M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2015 was Rivernorth Capital Management, an estimated $2.46M sold.

Based on aggregated 13F filings for Q3 2015.