Saba Capital Income & Opportunities Fund
BRW
104 hedge funds and large institutions have $236M invested in Saba Capital Income & Opportunities Fund in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 34 reducing their positions, and 16 closing their positions.
2% more capital invested
Capital invested by funds: $231M → $236M (+$4.59M)
0.33% more ownership
Funds ownership: 16.17% → 16.51% (+0.33%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
5% less funds holding
Funds holding: 110 → 104 (-6)
26% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 34
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$13.1M |
| 2 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$2.93M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.16M |
| 4 |
RC
RegentAtlantic Capital
Morristown,
New Jersey
|
+$472K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$421K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$5.62M |
| 2 |
Morgan Stanley
New York
|
-$2.57M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$686K |
| 4 |
JP Morgan Chase
New York
|
-$597K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$555K |
BRW Hedge Fund Activity: Q3 2019 in Review
104 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2019, worth a combined $236M — up 2% from $231M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BRW and 10 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 25 added.
The largest buyer was Saba Capital Management, adding an estimated $13.1M. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $5.62M sold.
- 104 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2019, down from 110 in Q2 2019.
- Funds reported $236M of Saba Capital Income & Opportunities Fund stock for Q3 2019, up 2% quarter-over-quarter.
- 10 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2019 and 16 closed out, a net change of -6 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2019 was Saba Capital Management, an estimated $13.1M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2019 was Beach Point Capital Management, an estimated $5.62M sold.
Based on aggregated 13F filings for Q3 2019.