Saba Capital Income & Opportunities Fund
BRW
110 hedge funds and large institutions have $231M invested in Saba Capital Income & Opportunities Fund in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 23 reducing their positions, and 17 closing their positions.
65% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 23
3% less funds holding
Funds holding: 113 → 110 (-3)
3.06% less ownership
Funds ownership: 19.23% → 16.17% (-3.1%)
12% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 17
15% less capital invested
Capital invested by funds: $272M → $231M (-$40.7M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$9.91M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
+$2.33M |
| 3 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$2.18M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$1.66M |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$17.2M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.46M |
| 3 |
Morgan Stanley
New York
|
-$1.19M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$538K |
| 5 |
PP
Prudential plc
London, England,
United Kingdom
|
-$509K |
BRW Hedge Fund Activity: Q2 2019 in Review
110 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2019, worth a combined $231M — down 15% from $272M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of BRW and 15 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 38 added.
The largest buyer was Saba Capital Management, adding an estimated $9.91M. The largest seller was Amundi Asset Management US, exiting entirely with an estimated $17.2M sold.
- 110 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2019, down from 113 in Q1 2019.
- Funds reported $231M of Saba Capital Income & Opportunities Fund stock for Q2 2019, down 15% quarter-over-quarter.
- 15 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2019 and 17 closed out, a net change of -2 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q2 2019 was Saba Capital Management, an estimated $9.91M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q2 2019 was Amundi Asset Management US, an estimated $17.2M sold.
Based on aggregated 13F filings for Q2 2019.