Saba Capital Income & Opportunities Fund
BRW
92 hedge funds and large institutions have $274M invested in Saba Capital Income & Opportunities Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 34 reducing their positions, and 22 closing their positions.
6.06% more ownership
Funds ownership: 18.89% → 24.96% (+6.1%)
13% less funds holding
Funds holding: 106 → 92 (-14)
17% less capital invested
Capital invested by funds: $332M → $274M (-$58M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
38% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 34
50% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$46.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.3M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$2.09M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$1.86M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$537K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$3.85M |
| 2 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$3.18M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.02M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.32M |
| 5 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
-$1.21M |
BRW Hedge Fund Activity: Q1 2020 in Review
92 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2020, worth a combined $274M — down 17% from $332M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of BRW and 11 opened new positions — a net loss of 11 holders — while 34 trimmed existing stakes and 21 added.
The largest buyer was Saba Capital Management, adding an estimated $46.9M. The largest seller was UBS Group, cutting an estimated $3.85M.
- 92 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2020, down from 106 in Q4 2019.
- Funds reported $274M of Saba Capital Income & Opportunities Fund stock for Q1 2020, down 17% quarter-over-quarter.
- 11 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2020 and 22 closed out, a net change of -11 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2020 was Saba Capital Management, an estimated $46.9M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2020 was UBS Group, an estimated $3.85M sold.
Based on aggregated 13F filings for Q1 2020.