Saba Capital Income & Opportunities Fund
BRW
81 hedge funds and large institutions have $172M invested in Saba Capital Income & Opportunities Fund in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 40 reducing their positions, and 11 closing their positions.
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0% more funds holding
Funds holding: 81 → 81 (0)
11.79% less ownership
Funds ownership: 27.41% → 15.61% (-12%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
45% less capital invested
Capital invested by funds: $314M → $172M (-$141M)
58% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
6M
6 Meridian
Wichita,
Kansas
|
+$620K |
| 2 |
Morgan Stanley
New York
|
+$405K |
| 3 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$235K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$191K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$177K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$69.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$19.1M |
| 3 |
RVPG
Relative Value Partners Group
|
-$12.8M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$8.63M |
| 5 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$3.59M |
BRW Hedge Fund Activity: Q3 2021 in Review
81 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2021, worth a combined $172M — down 45% from $314M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BRW positions and 11 closed out — a net gain of 1 holder — while 17 added to existing stakes and 40 trimmed.
The largest buyer was 6 Meridian, opening a new position worth an estimated $620K. The largest seller was Saba Capital Management, cutting an estimated $69.3M.
- 81 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2021, unchanged from Q2 2021.
- Funds reported $172M of Saba Capital Income & Opportunities Fund stock for Q3 2021, down 45% quarter-over-quarter.
- 12 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2021 and 11 closed out, a net change of +1 holder.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2021 was 6 Meridian, an estimated $620K added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2021 was Saba Capital Management, an estimated $69.3M sold.
Based on aggregated 13F filings for Q3 2021.