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BRW

Saba Capital Income & Opportunities Fund
BRW

81 hedge funds and large institutions have $314M invested in Saba Capital Income & Opportunities Fund in 2021 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.34% more ownership

Funds ownership: 23.07% → 27.41% (+4.3%)

3% more capital invested

Capital invested by funds: $305M → $314M (+$8.35M)

5% less funds holding

Funds holding: 85 → 81 (-4)

14% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 22

18% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 22

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
81
Holders Change
-4
Holders Change %
-4.71%
% of All Funds
1.41%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
18
Increased
19
Reduced
22
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$10.9M
2
COLIM
City of London Investment Management
United Kingdom
+$6.2M
3
CCP
Clough Capital Partners
Massachusetts
+$4.47M
4
CL
CSS LLC
Illinois
+$3.17M
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2.68M

Top Sellers

Rank Fund Capital Flow
1
ISSM
Invesco Senior Secured Management
New York
-$9.41M
2
SCM
Saba Capital Management
New York
-$6.29M
3
KKRC
Kohlberg Kravis Roberts & Co
New York
-$5.48M
4
Morgan Stanley
Morgan Stanley
New York
-$4.68M
5
BFM
Boothbay Fund Management
New York
-$2.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cetera Advisors
Colorado
$838K +$120 +13 +0%
Goldman Sachs
27
Goldman Sachs
New York
$731K – – –
MIG
28
Mariner Investment Group
New York
$712K +$576K +62,123 +460%
WAM
29
Wolverine Asset Management
Illinois
$534K +$526K +56,721 New
RJA
30
Raymond James & Associates
Florida
$465K -$30.5K -3,296 -6%
AAM
31
Autus Asset Management
Arizona
$410K +$24.6K +2,650 +6%
VEA
32
Virtus ETF Advisers
New York
$393K +$111K +12,016 +40%
IP
33
Investment Partners
Ohio
$379K – – –
SM
34
SG3 Management
Puerto Rico
$330K +$324K +35,000 New
Ameriprise
35
Ameriprise
Minnesota
$313K -$60.6K -6,533 -16%
JP Morgan Chase
36
JP Morgan Chase
New York
$292K – – –
Stifel Financial
37
Stifel Financial
Missouri
$280K -$106K -11,481 -28%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$277K +$34.1K +3,679 +14%
MSL
39
Mackay Shields LLC
New York
$265K – – –
WCMNY
40
Westchester Capital Management (New York)
New York
$263K – – –
PTP
41
Platform Technology Partners
New York
$232K +$228K +24,581 New
LPL Financial
42
LPL Financial
California
$230K +$6.92K +747 +3%
FM
43
Family Management
New York
$229K -$152K -16,382 -40%
CIA
44
Capital Investment Advisors
Georgia
$227K – – –
SC
45
Scotia Capital
Ontario, Canada
$227K +$223K +24,102 New
OFG
46
OTA Financial Group
New York
$202K +$199K +21,503 New
GC
47
Guggenheim Capital
Illinois
$193K +$190K +20,486 New
TSS
48
Two Sigma Securities
New York
$192K +$189K +20,388 New
KIA
49
KCM Investment Advisors
California
$168K -$3.7K -399 -2%
JIP
50
Jaffetilchin Investment Partners
Florida
$163K +$93.3K +10,065 +134%
1
2
3 4 5

BRW Hedge Fund Activity: Q2 2021 in Review

81 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2021, worth a combined $314M — up 2.7% from $305M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of BRW and 18 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 19 added.

The largest buyer was Relative Value Partners Group, adding an estimated $10.9M. The largest seller was Invesco Senior Secured Management, exiting entirely with an estimated $9.41M sold.

  • 81 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2021, down from 85 in Q1 2021.
  • Funds reported $314M of Saba Capital Income & Opportunities Fund stock for Q2 2021, up 2.7% quarter-over-quarter.
  • 18 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2021 and 22 closed out, a net change of -4 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2021 was Relative Value Partners Group, an estimated $10.9M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2021 was Invesco Senior Secured Management, an estimated $9.41M sold.

Based on aggregated 13F filings for Q2 2021.