We are live on ! Find out more
BRW

Saba Capital Income & Opportunities Fund
BRW

106 hedge funds and large institutions have $332M invested in Saba Capital Income & Opportunities Fund in 2019 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more capital invested

Capital invested by funds: $236M → $332M (+$96.2M)

12% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 17

2.39% more ownership

Funds ownership: 16.51% → 18.89% (+2.4%)

2% more funds holding

Funds holding: 104 → 106 (+2)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 30

Holders
106
Holders Change
+2
Holders Change %
+1.92%
% of All Funds
2.09%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
19
Increased
29
Reduced
30
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$46.5M
2
SIA
Sit Investment Associates
Minnesota
+$6.91M
3
COLIM
City of London Investment Management
United Kingdom
+$2.71M
4
PCM
Penserra Capital Management
California
+$2.19M
5
NCM
Next Capital Management
New York
+$764K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$7.33M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$3.07M
3
CRC
Curi RMB Capital
Illinois
-$2.95M
4
VIA
Vident Investment Advisory
Georgia
-$1.93M
5
Morgan Stanley
Morgan Stanley
New York
-$1.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
QGA
26
Q Global Advisors
Texas
$1.21M +$237K +24,554 +25%
WCMNY
27
Westchester Capital Management (New York)
New York
$1.14M -$1.1M -114,182 -50%
SRC
28
Shufro Rose & Co
New York
$1.07M +$137K +14,250 +15%
RJA
29
Raymond James & Associates
Florida
$1.05M +$53.3K +5,530 +6%
Millennium Management
30
Millennium Management
New York
$993K +$751K +77,851 +366%
APSP
31
Asset Planning Services (Pennsylvania)
Pennsylvania
$759K -$40.2K -4,168 -5%
Citigroup
32
Citigroup
New York
$664K +$617K +64,003 +2,837%
FFA
33
First Foundation Advisors
California
$658K +$634K +65,694 New
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$641K -$925K -95,867 -60%
ICM
35
Ionic Capital Management
New York
$557K -$535K -55,500 -50%
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$528K +$75.3K +7,807 +17%
PAS
37
Park Avenue Securities
New York
$429K +$52.6K +5,451 +15%
AAM
38
Autus Asset Management
Arizona
$424K -$7.5K -778 -2%
MIG
39
Mariner Investment Group
New York
$387K -$349K -36,223 -48%
Ameriprise
40
Ameriprise
Minnesota
$377K -$52.2K -5,409 -13%
AAS
41
Avantax Advisory Services
Texas
$356K +$97.1K +10,063 +40%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$325K +$17.2K +1,782 +6%
HWA
43
HCR Wealth Advisors
California
$289K +$279K +28,874 New
CIA
44
Capital Investment Advisors
Georgia
$288K -$30.3K -3,143 -10%
CF
45
Copperwynd Financial
Arizona
$280K +$86.8K +9,001 +48%
AFP
46
Ausdal Financial Partners
Iowa
$274K – – –
CCP
47
Clough Capital Partners
Massachusetts
$248K – – –
FIA
48
FNY Investment Advisers
New York
$235K +$184K +19,125 +432%
KIA
49
KCM Investment Advisors
California
$224K -$7.72K -800 -3%
WS
50
Wedbush Securities
California
$223K – – –
1
2
3 4 5

BRW Hedge Fund Activity: Q4 2019 in Review

106 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2019, worth a combined $332M — up 41% from $236M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BRW positions and 17 closed out — a net gain of 2 holders — while 29 added to existing stakes and 30 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $46.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $7.33M.

  • 106 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2019, up from 104 in Q3 2019.
  • Funds reported $332M of Saba Capital Income & Opportunities Fund stock for Q4 2019, up 41% quarter-over-quarter.
  • 19 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2019 and 17 closed out, a net change of +2 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2019 was Saba Capital Management, an estimated $46.5M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2019 was Rivernorth Capital Management, an estimated $7.33M sold.

Based on aggregated 13F filings for Q4 2019.