Saba Capital Income & Opportunities Fund
BRW
101 hedge funds and large institutions have $244M invested in Saba Capital Income & Opportunities Fund in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 29 increasing their positions, 24 reducing their positions, and 10 closing their positions.
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
21% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 24
5% more funds holding
Funds holding: 96 → 101 (+5)
0.02% more ownership
Funds ownership: 16.3% → 16.33% (+0.02%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $252M → $244M (-$8.82M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$10.1M |
| 2 |
RVPG
Relative Value Partners Group
|
+$6.28M |
| 3 |
Morgan Stanley
New York
|
+$3.41M |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
+$1.68M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$17M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$5.3M |
| 3 |
SCM
Saba Capital Management
New York
|
-$2.11M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.46M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
-$937K |
BRW Hedge Fund Activity: Q2 2018 in Review
101 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2018, worth a combined $244M — down 3.5% from $252M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BRW positions and 10 closed out — a net gain of 6 holders — while 29 added to existing stakes and 24 trimmed.
The largest buyer was Amundi Asset Management US, opening a new position worth an estimated $10.1M. The largest seller was Baillie Gifford & Co, cutting an estimated $17M.
- 101 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2018, up from 96 in Q1 2018.
- Funds reported $244M of Saba Capital Income & Opportunities Fund stock for Q2 2018, down 3.5% quarter-over-quarter.
- 16 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2018 and 10 closed out, a net change of +6 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q2 2018 was Amundi Asset Management US, an estimated $10.1M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q2 2018 was Baillie Gifford & Co, an estimated $17M sold.
Based on aggregated 13F filings for Q2 2018.