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BRW

Saba Capital Income & Opportunities Fund
BRW

85 hedge funds and large institutions have $305M invested in Saba Capital Income & Opportunities Fund in 2021 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 35 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.76% less ownership

Funds ownership: 26.83% → 23.07% (-3.8%)

11% less funds holding

Funds holding: 96 → 85 (-11)

11% less capital invested

Capital invested by funds: $345M → $305M (-$39.7M)

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

34% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 35

47% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 19

Holders
85
Holders Change
-11
Holders Change %
-11.46%
% of All Funds
1.49%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.07%
New
10
Increased
23
Reduced
35
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$21.7M
2
RCM
Rivernorth Capital Management
Florida
+$6.53M
3
KKRC
Kohlberg Kravis Roberts & Co
New York
+$5.39M
4
NCM
Next Capital Management
New York
+$5.31M
5
COLIM
City of London Investment Management
United Kingdom
+$4.47M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$40.4M
2
JP Morgan Chase
JP Morgan Chase
New York
-$13.7M
3
SIA
Sit Investment Associates
Minnesota
-$9.26M
4
EVM
Eaton Vance Management
Massachusetts
-$5.87M
5
CCP
Clough Capital Partners
Massachusetts
-$4.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$735K +$483K +52,985 +201%
Goldman Sachs
27
Goldman Sachs
New York
$720K -$228K -25,044 -24%
SFS
28
Shaker Financial Services
Virginia
$546K -$1.14M -124,974 -68%
Qube Research & Technologies (QRT)
29
Qube Research & Technologies (QRT)
United Kingdom
$542K +$300K +32,891 +129%
APSP
30
Asset Planning Services (Pennsylvania)
Pennsylvania
$514K +$506K +55,440 New
RJA
31
Raymond James & Associates
Florida
$488K -$157K -17,177 -25%
FIA
32
FNY Investment Advisers
New York
$461K +$425K +46,637 +1,532%
Stifel Financial
33
Stifel Financial
Missouri
$382K -$4.42K -484 -1%
AAM
34
Autus Asset Management
Arizona
$379K +$3.47K +380 +0.9%
FM
35
Family Management
New York
$378K – – –
IP
36
Investment Partners
Ohio
$373K – – –
Ameriprise
37
Ameriprise
Minnesota
$369K +$520 +57 +0.1%
JP Morgan Chase
38
JP Morgan Chase
New York
$288K -$13.7M -1,502,234 -98%
VEA
39
Virtus ETF Advisers
New York
$276K +$43.9K +4,815 +19%
MSL
40
Mackay Shields LLC
New York
$261K -$82.7K -9,070 -24%
WCMNY
41
Westchester Capital Management (New York)
New York
$259K -$82.2K -9,007 -24%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$238K +$19.1K +2,094 +9%
SWM
43
Spire Wealth Management
Virginia
$228K +$224K +24,581 New
CIA
44
Capital Investment Advisors
Georgia
$223K -$5.93K -650 -3%
Barclays
45
Barclays
United Kingdom
$223K +$206K +22,537 New
LPL Financial
46
LPL Financial
California
$220K +$14.2K +1,562 +7%
FFA
47
First Foundation Advisors
California
$216K -$62.8K -6,882 -23%
OC
48
Oppenheimer & Co
New York
$214K -$10.9K -1,198 -5%
Commonwealth Equity Services
49
Commonwealth Equity Services
Massachusetts
$205K -$18.3K -2,004 -8%
CL
50
CPWM LLC
Washington
$193K – – –
1
2
3 4

BRW Hedge Fund Activity: Q1 2021 in Review

85 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2021, worth a combined $305M — down 11% from $345M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of BRW and 10 opened new positions — a net loss of 9 holders — while 35 trimmed existing stakes and 23 added.

The largest buyer was Relative Value Partners Group, adding an estimated $21.7M. The largest seller was Saba Capital Management, cutting an estimated $40.4M.

  • 85 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2021, down from 96 in Q4 2020.
  • Funds reported $305M of Saba Capital Income & Opportunities Fund stock for Q1 2021, down 11% quarter-over-quarter.
  • 10 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2021 and 19 closed out, a net change of -9 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2021 was Relative Value Partners Group, an estimated $21.7M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2021 was Saba Capital Management, an estimated $40.4M sold.

Based on aggregated 13F filings for Q1 2021.