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BRW

Saba Capital Income & Opportunities Fund
BRW

92 hedge funds and large institutions have $352M invested in Saba Capital Income & Opportunities Fund in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 10

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

11% more capital invested

Capital invested by funds: $317M → $352M (+$35.2M)

8% more funds holding

Funds holding: 85 → 92 (+7)

0.61% more ownership

Funds ownership: 22.24% → 22.85% (+0.61%)

4% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 24

Holders
92
Holders Change
+7
Holders Change %
+8.24%
% of All Funds
1.86%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.1%
New
17
Increased
23
Reduced
24
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bulldog Investors
New Jersey
+$9.17M
2
COLIM
City of London Investment Management
United Kingdom
+$6.35M
3
RCM
Rivernorth Capital Management
Florida
+$4.98M
4
SIA
Sit Investment Associates
Minnesota
+$4.02M
5
BFM
Boothbay Fund Management
New York
+$3.01M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$9.23M
2
Morgan Stanley
Morgan Stanley
New York
-$4.85M
3
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$4.52M
4
UBS Group
UBS Group
Switzerland
-$1M
5
SFS
Shaker Financial Services
Virginia
-$444K
Name Holding Trade Value Shares
Change 		Change in
Stake
APSP
26
Asset Planning Services (Pennsylvania)
Pennsylvania
$642K +$4.21K +481 +0.7%
FFA
27
First Foundation Advisors
California
$514K +$3.89K +444 +0.8%
Ameriprise
28
Ameriprise
Minnesota
$440K +$96K +10,956 +28%
MSL
29
Mackay Shields LLC
New York
$377K – – –
HF
30
HRT Financial
New York
$358K +$356K +40,683 New
AAM
31
Autus Asset Management
Arizona
$357K -$15.8K -1,807 -4%
IP
32
Investment Partners
Ohio
$355K – – –
Osaic Holdings
33
Osaic Holdings
Arizona
$349K -$248K -28,354 -41%
Stifel Financial
34
Stifel Financial
Missouri
$338K -$25K -2,857 -7%
WCMNY
35
Westchester Capital Management (New York)
New York
$326K – – –
KPWS
36
Kestra Private Wealth Services
Texas
$300K +$299K +34,091 New
AC
37
Almitas Capital
California
$296K +$294K +33,530 New
PTP
38
Platform Technology Partners
New York
$295K – – –
OFG
39
OTA Financial Group
New York
$262K +$261K +29,738 New
HWA
40
HCR Wealth Advisors
California
$255K – – –
Invesco
41
Invesco
Georgia
$253K -$9.23M -1,053,491 -97%
VEA
42
Virtus ETF Advisers
New York
$239K -$95.4K -10,887 -29%
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$218K -$12.8K -1,464 -6%
CIA
44
Capital Investment Advisors
Georgia
$218K -$8.3K -948 -4%
Commonwealth Equity Services
45
Commonwealth Equity Services
Massachusetts
$205K -$12.4K -1,412 -6%
CL
46
CPWM LLC
Washington
$185K – – –
Citigroup
47
Citigroup
New York
$181K +$110K +12,517 +156%
Goldman Sachs
48
Goldman Sachs
New York
$181K +$180K +20,507 New
PMFA
49
Plante Moran Financial Advisors
Michigan
$181K +$180K +20,546 New
KIA
50
KCM Investment Advisors
California
$178K -$6.3K -719 -3%
1
2
3 4 5

BRW Hedge Fund Activity: Q3 2020 in Review

92 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2020, worth a combined $352M — up 11% from $317M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BRW positions and 10 closed out — a net gain of 7 holders — while 23 added to existing stakes and 24 trimmed.

The largest buyer was Bulldog Investors, adding an estimated $9.17M. The largest seller was Invesco, cutting an estimated $9.23M.

  • 92 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2020, up from 85 in Q2 2020.
  • Funds reported $352M of Saba Capital Income & Opportunities Fund stock for Q3 2020, up 11% quarter-over-quarter.
  • 17 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2020 and 10 closed out, a net change of +7 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2020 was Bulldog Investors, an estimated $9.17M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2020 was Invesco, an estimated $9.23M sold.

Based on aggregated 13F filings for Q3 2020.