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BRW

Saba Capital Income & Opportunities Fund
BRW

85 hedge funds and large institutions have $317M invested in Saba Capital Income & Opportunities Fund in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 21 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

29% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 21

16% more capital invested

Capital invested by funds: $274M → $317M (+$43.3M)

2.71% less ownership

Funds ownership: 24.96% → 22.24% (-2.7%)

8% less funds holding

Funds holding: 92 → 85 (-7)

33% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 18

Holders
85
Holders Change
-7
Holders Change %
-7.61%
% of All Funds
1.74%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.08%
New
12
Increased
27
Reduced
21
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$15.9M
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$2.93M
3
SCM
Saba Capital Management
New York
+$2.12M
4
COLIM
City of London Investment Management
United Kingdom
+$1.9M
5
Morgan Stanley
Morgan Stanley
New York
+$1.64M

Top Sellers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
-$3.16M
2
SIA
Sit Investment Associates
Minnesota
-$2.49M
3
Bank of America
Bank of America
North Carolina
-$1.82M
4
RVPG
Relative Value Partners Group
-$1.33M
5
VEA
Virtus ETF Advisers
New York
-$1.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
APSP
26
Asset Planning Services (Pennsylvania)
Pennsylvania
$589K -$7.97K -1,000 -1%
Osaic Holdings
27
Osaic Holdings
Arizona
$559K +$17.5K +2,190 +3%
PAS
28
Park Avenue Securities
New York
$544K +$108K +13,519 +25%
FFA
29
First Foundation Advisors
California
$471K -$319K -40,010 -41%
SFS
30
Shaker Financial Services
Virginia
$444K +$435K +54,522 New
MSL
31
Mackay Shields LLC
New York
$348K +$341K +42,756 New
AAM
32
Autus Asset Management
Arizona
$344K – – –
Stifel Financial
33
Stifel Financial
Missouri
$336K -$3.16M -396,496 -91%
IP
34
Investment Partners
Ohio
$327K – – –
Ameriprise
35
Ameriprise
Minnesota
$317K -$54.8K -6,868 -15%
VEA
36
Virtus ETF Advisers
New York
$309K -$1.28M -160,402 -81%
WCMNY
37
Westchester Capital Management (New York)
New York
$300K -$616K -77,273 -68%
PTP
38
Platform Technology Partners
New York
$272K -$3.1K -389 -1%
HWA
39
HCR Wealth Advisors
California
$234K – – –
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$213K -$23.7K -2,969 -10%
CIA
41
Capital Investment Advisors
Georgia
$209K -$10.4K -1,300 -5%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$200K +$22.1K +2,768 +13%
WS
43
Wedbush Securities
California
$173K – – –
CL
44
CPWM LLC
Washington
$171K – – –
KIA
45
KCM Investment Advisors
California
$170K -$5.77K -724 -3%
UR
46
USCA RIA
Texas
$142K +$140K +17,500 New
LPL Financial
47
LPL Financial
California
$134K -$34.1K -4,280 -21%
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
$130K +$30.7K +3,847 +32%
D.E. Shaw & Co
49
D.E. Shaw & Co
New York
$102K – – –
AFP
50
Ausdal Financial Partners
Iowa
$93K – – –
1
2
3 4

BRW Hedge Fund Activity: Q2 2020 in Review

85 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2020, worth a combined $317M — up 16% from $274M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of BRW and 12 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 27 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $15.9M. The largest seller was Stifel Financial, cutting an estimated $3.16M.

  • 85 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2020, down from 92 in Q1 2020.
  • Funds reported $317M of Saba Capital Income & Opportunities Fund stock for Q2 2020, up 16% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2020 and 18 closed out, a net change of -6 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $15.9M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2020 was Stifel Financial, an estimated $3.16M sold.

Based on aggregated 13F filings for Q2 2020.