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BRW

Saba Capital Income & Opportunities Fund

113 hedge funds and large institutions have $230M invested in Saba Capital Income & Opportunities Fund in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 11

22% more funds holding

Funds holding: 93113 (+20)

0.3% more ownership

Funds ownership: 15.07%15.37% (+0.3%)

2% less capital invested

Capital invested by funds: $234M → $230M (-$3.64M)

20% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 30

Holders
113
Holders Change
+20
Holders Change %
+21.51%
% of All Funds
2.56%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
32
Increased
24
Reduced
30
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$961K +$208K +20,323 +27%
AAM
27
Autus Asset Management
Arizona
$917K -$33.7K -3,297 -4%
Stifel Financial
28
Stifel Financial
Missouri
$916K -$238K -23,240 -21%
APSP
29
Asset Planning Services (Pennsylvania)
Pennsylvania
$913K -$93.6K -9,150 -9%
GC
30
Guggenheim Capital
Illinois
$909K -$66.7K -6,514 -7%
CS
31
Comerica Securities
Michigan
$889K -$775K -75,695 -46%
OFG
32
OTA Financial Group
New York
$778K +$786K +76,807 New
LPL Financial
33
LPL Financial
California
$719K +$155K +15,164 +27%
RJA
34
Raymond James & Associates
Florida
$673K +$185K +18,081 +37%
Ameriprise
35
Ameriprise
Minnesota
$648K +$290K +28,327 +80%
FWIA
36
Fort Washington Investment Advisors
Ohio
$572K
MIG
37
Mariner Investment Group
New York
$530K +$459K +44,812 +597%
Squarepoint
38
Squarepoint
New York
$518K +$523K +51,101 New
WAM
39
Weiss Asset Management
Massachusetts
$495K +$499K +48,782 New
DA
40
Doliver Advisors
Texas
$454K -$78.9K -7,708 -15%
CIA
41
Capital Investment Advisors
Georgia
$447K -$10.1K -990 -2%
G
42
GenTrust
Florida
$442K +$13.7K +1,338 +3%
SRC
43
Shufro Rose & Co
New York
$421K +$425K +41,500 New
Millennium Management
44
Millennium Management
New York
$376K +$172K +16,804 +83%
WS
45
Wedbush Securities
California
$362K +$23.4K +2,286 +7%
NAM
46
NTV Asset Management
West Virginia
$360K
AFP
47
Ausdal Financial Partners
Iowa
$260K -$5.37K -525 -2%
SG Americas Securities
48
SG Americas Securities
New York
$256K -$229K -22,388 -47%
Commonwealth Equity Services
49
Commonwealth Equity Services
Massachusetts
$209K -$96.6K -9,444 -31%
CRC
50
Curi RMB Capital
Illinois
$208K +$114K +11,154 +119%

BRW Hedge Fund Activity: Q4 2017 in Review

113 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2017, worth a combined $230M — down 1.6% from $234M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BRW positions and 11 closed out — a net gain of 21 holders — while 24 added to existing stakes and 30 trimmed.

The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $5.68M. The largest seller was Invesco, cutting an estimated $17.7M.

  • 113 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2017, up from 93 in Q3 2017.
  • Funds reported $230M of Saba Capital Income & Opportunities Fund stock for Q4 2017, down 1.6% quarter-over-quarter.
  • 32 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2017 and 11 closed out, a net change of +21 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2017 was Financial & Investment Management Group, an estimated $5.68M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2017 was Invesco, an estimated $17.7M sold.

Based on aggregated 13F filings for Q4 2017.