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BRW

Saba Capital Income & Opportunities Fund
BRW

113 hedge funds and large institutions have $272M invested in Saba Capital Income & Opportunities Fund in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 34 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $239M → $272M (+$33.3M)

0.25% more ownership

Funds ownership: 18.97% → 19.23% (+0.25%)

3% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 34

5% less funds holding

Funds holding: 119 → 113 (-6)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

26% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 19

Holders
113
Holders Change
-6
Holders Change %
-5.04%
% of All Funds
2.45%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.11%
New
14
Increased
33
Reduced
34
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$21.4M
2
EVM
Eaton Vance Management
Massachusetts
+$4.9M
3
UBS Group
UBS Group
Switzerland
+$3.86M
4
BPCM
Beach Point Capital Management
California
+$3.44M
5
RCM
Rivernorth Capital Management
Florida
+$2.12M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$8.53M
2
OHA
Oak Hill Advisors
New York
-$6.25M
3
CRC
Curi RMB Capital
Illinois
-$3.11M
4
PPA
Parametric Portfolio Associates
Washington
-$2.46M
5
Morgan Stanley
Morgan Stanley
New York
-$2.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$1.04M -$12.2K -1,287 -1%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$1.02M +$264K +27,927 +35%
QGA
28
Q Global Advisors
Texas
$924K +$329K +34,800 +56%
ICM
29
Ionic Capital Management
New York
$775K -$64.5K -6,819 -8%
SRC
30
Shufro Rose & Co
New York
$760K +$109K +11,500 +17%
APSP
31
Asset Planning Services (Pennsylvania)
Pennsylvania
$749K +$8.07K +853 +1%
MIG
32
Mariner Investment Group
New York
$716K – – –
AAM
33
Advisors Asset Management
Colorado
$591K -$20.6K -2,179 -3%
WAM
34
Wolverine Asset Management
Illinois
$562K -$261K -27,623 -32%
PP
35
Prudential plc
United Kingdom
$560K – – –
Ameriprise
36
Ameriprise
Minnesota
$503K -$152K -16,047 -23%
SB
37
Suntrust Banks
Georgia
$483K -$5.95K -629 -1%
GC
38
Guggenheim Capital
Illinois
$413K -$267K -28,189 -40%
KIA
39
KCM Investment Advisors
California
$379K -$3.86K -408 -1%
Kovitz Investment Group Partners
40
Kovitz Investment Group Partners
Illinois
$373K -$1.39K -147 -0.4%
LCM
41
Landscape Capital Management
New Jersey
$356K +$23.2K +2,448 +7%
AAM
42
Autus Asset Management
Arizona
$339K -$324K -34,215 -49%
Envestnet Asset Management
43
Envestnet Asset Management
Illinois
$297K +$44.8K +4,739 +18%
RCM
44
Robinson Capital Management
Michigan
$296K +$293K +30,975 New
PPA
45
Parametric Portfolio Associates
Washington
$294K -$2.46M -260,147 -89%
CIA
46
Capital Investment Advisors
Georgia
$290K – – –
HWA
47
HCR Wealth Advisors
California
$276K +$194K +20,476 +244%
AFP
48
Ausdal Financial Partners
Iowa
$255K – – –
TSS
49
Two Sigma Securities
New York
$245K +$94.2K +9,949 +63%
WS
50
Wedbush Securities
California
$244K +$2.43K +257 +1%
1
2
3 4 5

BRW Hedge Fund Activity: Q1 2019 in Review

113 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2019, worth a combined $272M — up 14% from $239M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of BRW and 14 opened new positions — a net loss of 5 holders — while 34 trimmed existing stakes and 33 added.

The largest buyer was Saba Capital Management, adding an estimated $21.4M. The largest seller was JP Morgan Chase, cutting an estimated $8.53M.

  • 113 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2019, down from 119 in Q4 2018.
  • Funds reported $272M of Saba Capital Income & Opportunities Fund stock for Q1 2019, up 14% quarter-over-quarter.
  • 14 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2019 and 19 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2019 was Saba Capital Management, an estimated $21.4M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2019 was JP Morgan Chase, an estimated $8.53M sold.

Based on aggregated 13F filings for Q1 2019.