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BRW

Saba Capital Income & Opportunities Fund

94 hedge funds and large institutions have $219M invested in Saba Capital Income & Opportunities Fund in 2017 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 28 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

2% more funds holding

Funds holding: 9294 (+2)

0% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 28

0.64% less ownership

Funds ownership: 14%13.36% (-0.64%)

4% less capital invested

Capital invested by funds: $229M → $219M (-$10.1M)

Holders
94
Holders Change
+2
Holders Change %
+2.17%
% of All Funds
2.34%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
28
Reduced
28
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$1M -$2.77K -250 -0.3%
LCM
27
Laurion Capital Management
New York
$948K +$969K +87,600 New
Millennium Management
28
Millennium Management
New York
$745K +$487K +43,972 +177%
SG Americas Securities
29
SG Americas Securities
New York
$700K +$716K +64,704 New
CRC
30
Curi RMB Capital
Illinois
$634K +$549K +49,582 +552%
OFG
31
OTA Financial Group
New York
$570K +$208K +18,782 +55%
G
32
GenTrust
Florida
$550K -$301K -27,189 -35%
Kovitz Investment Group Partners
33
Kovitz Investment Group Partners
Illinois
$483K
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$459K -$9.01K -814 -2%
RJA
35
Raymond James & Associates
Florida
$401K +$46.9K +4,237 +13%
WS
36
Wedbush Securities
California
$375K +$30.5K +2,756 +9%
RJFSA
37
Raymond James Financial Services Advisors
Florida
$352K +$111K +10,055 +45%
SFS
38
Shaker Financial Services
Virginia
$318K +$325K +29,400 New
HighTower Advisors
39
HighTower Advisors
Illinois
$311K +$18.7K +1,693 +6%
SRC
40
Shufro Rose & Co
New York
$303K -$11.1K -1,000 -3%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$302K +$46.4K +4,189 +18%
NAM
42
NTV Asset Management
West Virginia
$302K +$310K +28,000 New
NPC
43
National Planning Corporation
California
$238K -$21.2K -1,913 -8%
CL
44
CPWM LLC
Washington
$191K +$2.8K +253 +1%
CAN
45
Cetera Advisor Networks
California
$179K -$6.66K -602 -4%
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$175K +$18.5K +1,674 +12%
Ameriprise
47
Ameriprise
Minnesota
$147K +$51.7K +4,672 +52%
JIP
48
Jaffetilchin Investment Partners
Florida
$138K -$124K -11,183 -47%
Goldman Sachs
49
Goldman Sachs
New York
$128K +$131K +11,823 New
M&T Bank
50
M&T Bank
New York
$114K -$49.9K -4,510 -30%

BRW Hedge Fund Activity: Q1 2017 in Review

94 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2017, worth a combined $219M — down 4.4% from $229M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BRW positions and 8 closed out — a net gain of 5 holders — while 28 added to existing stakes and 28 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $11.1M. The largest seller was 1832 Asset Management, cutting an estimated $8.49M.

  • 94 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2017, up from 92 in Q4 2016.
  • Funds reported $219M of Saba Capital Income & Opportunities Fund stock for Q1 2017, down 4.4% quarter-over-quarter.
  • 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2017 and 8 closed out, a net change of +5 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2017 was JP Morgan Chase, an estimated $11.1M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2017 was 1832 Asset Management, an estimated $8.49M sold.

Based on aggregated 13F filings for Q1 2017.