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BRW

Saba Capital Income & Opportunities Fund

96 hedge funds and large institutions have $345M invested in Saba Capital Income & Opportunities Fund in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 20 increasing their positions, 30 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 15

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

4% more funds holding

Funds holding: 9296 (+4)

3.98% more ownership

Funds ownership: 22.85%26.83% (+4%)

2% less capital invested

Capital invested by funds: $352M → $345M (-$7.39M)

33% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 30

Holders
96
Holders Change
+4
Holders Change %
+4.35%
% of All Funds
1.7%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.11%
New
19
Increased
20
Reduced
30
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CL
26
CSS LLC
Illinois
$984K +$970K +110,086 New
Goldman Sachs
27
Goldman Sachs
New York
$917K +$723K +82,120 +400%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$910K -$2.16K -245 -0.2%
RVPG
29
Relative Value Partners Group
$863K -$14.4M -1,634,178 -94%
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$793K +$107K +12,112 +16%
PAS
31
Park Avenue Securities
New York
$745K +$64.3K +7,297 +10%
RJA
32
Raymond James & Associates
Florida
$624K -$170K -19,347 -22%
LCM
33
Landscape Capital Management
New Jersey
$495K +$488K +55,361 New
Millennium Management
34
Millennium Management
New York
$478K -$202K -22,973 -30%
Stifel Financial
35
Stifel Financial
Missouri
$372K +$28.9K +3,280 +9%
FM
36
Family Management
New York
$364K +$359K +40,745 New
AAM
37
Autus Asset Management
Arizona
$362K
IP
38
Investment Partners
Ohio
$360K
Ameriprise
39
Ameriprise
Minnesota
$355K -$89.7K -10,181 -20%
MSL
40
Mackay Shields LLC
New York
$332K -$49.2K -5,589 -13%
WCMNY
41
Westchester Capital Management (New York)
New York
$330K
PTP
42
Platform Technology Partners
New York
$298K -$925 -105 -0.3%
WAM
43
Wolverine Asset Management
Illinois
$293K +$289K +32,866 New
FFA
44
First Foundation Advisors
California
$270K -$247K -28,076 -48%
HWA
45
HCR Wealth Advisors
California
$258K
Osaic Holdings
46
Osaic Holdings
Arizona
$236K -$123K -13,955 -35%
Qube Research & Technologies (QRT)
47
Qube Research & Technologies (QRT)
United Kingdom
$228K +$98.1K +11,136 +77%
VEA
48
Virtus ETF Advisers
New York
$223K -$18.9K -2,145 -8%
CIA
49
Capital Investment Advisors
Georgia
$221K
Invesco
50
Invesco
Georgia
$218K -$38.5K -4,371 -15%

BRW Hedge Fund Activity: Q4 2020 in Review

96 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2020, worth a combined $345M — down 2.1% from $352M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BRW positions and 15 closed out — a net gain of 4 holders — while 20 added to existing stakes and 30 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $5.07M. The largest seller was Relative Value Partners Group, cutting an estimated $14.4M.

  • 96 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2020, up from 92 in Q3 2020.
  • Funds reported $345M of Saba Capital Income & Opportunities Fund stock for Q4 2020, down 2.1% quarter-over-quarter.
  • 19 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2020 and 15 closed out, a net change of +4 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2020 was Sit Investment Associates, an estimated $5.07M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2020 was Relative Value Partners Group, an estimated $14.4M sold.

Based on aggregated 13F filings for Q4 2020.