Saba Capital Income & Opportunities Fund
BRW
87 hedge funds and large institutions have $229M invested in Saba Capital Income & Opportunities Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 14 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 21
0.03% less ownership
Funds ownership: 14.9% → 14.87% (-0.03%)
2% less capital invested
Capital invested by funds: $233M → $229M (-$3.66M)
8% less funds holding
Funds holding: 95 → 87 (-8)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.69M |
| 2 |
Morgan Stanley
New York
|
+$2.33M |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.66M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.17M |
| 5 |
CS
Comerica Securities
Detroit,
Michigan
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$5.07M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.81M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.3M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.27M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.26M |
BRW Hedge Fund Activity: Q2 2016 in Review
87 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2016, worth a combined $229M — down 1.6% from $233M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BRW and 6 opened new positions — a net loss of 8 holders — while 21 trimmed existing stakes and 36 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.69M. The largest seller was Janus Henderson Group, cutting an estimated $5.07M.
- 87 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2016, down from 95 in Q1 2016.
- Funds reported $229M of Saba Capital Income & Opportunities Fund stock for Q2 2016, down 1.6% quarter-over-quarter.
- 6 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2016 and 14 closed out, a net change of -8 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q2 2016 was Rivernorth Capital Management, an estimated $6.69M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q2 2016 was Janus Henderson Group, an estimated $5.07M sold.
Based on aggregated 13F filings for Q2 2016.