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BRW

Saba Capital Income & Opportunities Fund

93 hedge funds and large institutions have $234M invested in Saba Capital Income & Opportunities Fund in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 17

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

2% more capital invested

Capital invested by funds: $229M → $234M (+$4.75M)

0.97% more ownership

Funds ownership: 14.1%15.07% (+0.97%)

1% less funds holding

Funds holding: 9493 (-1)

Holders
93
Holders Change
-1
Holders Change %
-1.06%
% of All Funds
2.32%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
32
Reduced
17
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
WAM
26
Wolverine Asset Management
Illinois
$970K +$748K +71,336 +333%
SFS
27
Shaker Financial Services
Virginia
$819K +$290K +27,679 +55%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$779K +$173K +16,535 +29%
FWIA
29
Fort Washington Investment Advisors
Ohio
$590K
LPL Financial
30
LPL Financial
California
$583K -$59.7K -5,696 -9%
ICM
31
Ionic Capital Management
New York
$576K +$577K +55,023 New
DA
32
Doliver Advisors
Texas
$549K +$291K +27,712 +112%
RJA
33
Raymond James & Associates
Florida
$505K +$122K +11,676 +32%
SG Americas Securities
34
SG Americas Securities
New York
$498K -$121K -11,548 -20%
CIA
35
Capital Investment Advisors
Georgia
$472K -$42.7K -4,069 -8%
Kovitz Investment Group Partners
36
Kovitz Investment Group Partners
Illinois
$467K
RJFSA
37
Raymond James Financial Services Advisors
Florida
$441K -$19.8K -1,885 -4%
G
38
GenTrust
Florida
$440K -$79K -7,540 -15%
SRC
39
Shufro Rose & Co
New York
$397K -$294K -28,000 Closed
Ameriprise
40
Ameriprise
Minnesota
$373K +$78.1K +7,448 +26%
NAM
41
NTV Asset Management
West Virginia
$371K +$26.2K +2,500 +8%
WS
42
Wedbush Securities
California
$350K +$52 +5 +0%
HighTower Advisors
43
HighTower Advisors
Illinois
$325K +$3.56K +340 +1%
Commonwealth Equity Services
44
Commonwealth Equity Services
Massachusetts
$315K +$87.2K +8,321 +38%
AFP
45
Ausdal Financial Partners
Iowa
$274K +$146K +13,925 +113%
FAAS
46
First Allied Advisory Services
California
$227K +$126 +12 +0.1%
Millennium Management
47
Millennium Management
New York
$212K +$68.5K +6,534 +48%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$203K -$36.8K -3,514 -15%
CAN
49
Cetera Advisor Networks
California
$200K +$13.2K +1,260 +7%
CL
50
CPWM LLC
Washington
$190K +$2.67K +255 +1%

BRW Hedge Fund Activity: Q3 2017 in Review

93 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2017, worth a combined $234M — up 2.1% from $229M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BRW positions and 11 closed out — a net gain of 1 holder — while 32 added to existing stakes and 17 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.52M. The largest seller was Bank of America, cutting an estimated $1.76M.

  • 93 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2017, down from 94 in Q2 2017.
  • Funds reported $234M of Saba Capital Income & Opportunities Fund stock for Q3 2017, up 2.1% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2017 and 11 closed out, a net change of +1 holder.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2017 was Rivernorth Capital Management, an estimated $5.52M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2017 was Bank of America, an estimated $1.76M sold.

Based on aggregated 13F filings for Q3 2017.