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BRW

Saba Capital Income & Opportunities Fund
BRW

63 hedge funds and large institutions have $140M invested in Saba Capital Income & Opportunities Fund in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

0% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 19

2% less funds holding

Funds holding: 64 → 63 (-1)

1.87% less ownership

Funds ownership: 43.48% → 41.61% (-1.9%)

6% less capital invested

Capital invested by funds: $149M → $140M (-$9.3M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
63
Holders Change
-1
Holders Change %
-1.56%
% of All Funds
1.09%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
7
Increased
19
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
+$1.45M
2
IP
Investment Partners
Ohio
+$448K
3
Invesco
Invesco
Georgia
+$389K
4
Morgan Stanley
Morgan Stanley
New York
+$374K
5
BRWA
B. Riley Wealth Advisors
Florida
+$274K

Top Sellers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
-$3.3M
2
RCM
Rivernorth Capital Management
Florida
-$2.68M
3
SCM
Saba Capital Management
New York
-$1.59M
4
RCM
Robinson Capital Management
Michigan
-$466K
5
VEA
Virtus ETF Advisers
New York
-$404K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$408K +$49.5K +6,049 +13%
SRC
27
Shufro Rose & Co
New York
$401K -$8.44K -1,031 -2%
Qube Research & Technologies (QRT)
28
Qube Research & Technologies (QRT)
United Kingdom
$399K – – –
MC
29
Moors & Cabot
Massachusetts
$396K +$246K +30,000 +150%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$395K -$15.1K -1,847 -4%
WCMNY
31
Westchester Capital Management (New York)
New York
$354K – – –
Walleye Capital
32
Walleye Capital
New York
$320K – – –
CA
33
Cetera Advisors
Colorado
$316K – – –
Wells Fargo
34
Wells Fargo
California
$296K -$180K -21,964 -37%
AAM
35
Autus Asset Management
Arizona
$285K -$4.32K -527 -1%
BRWA
36
B. Riley Wealth Advisors
Florida
$265K +$274K +33,475 New
LPL Financial
37
LPL Financial
California
$211K +$37.9K +4,629 +21%
Stifel Financial
38
Stifel Financial
Missouri
$167K – – –
ICMP
39
Integrated Capital Management (Pennsylvania)
Pennsylvania
$165K -$2.52K -308 -1%
AA
40
AQR Arbitrage
Connecticut
$146K -$30.9K -3,776 -17%
CIA
41
Capital Investment Advisors
Georgia
$144K -$2.66K -325 -2%
FWM
42
Foresight Wealth Management
Utah
$142K +$2.66K +325 +2%
JP Morgan Chase
43
JP Morgan Chase
New York
$127K – – –
FM
44
Family Management
New York
$125K – – –
CAPTRUST Financial Advisors
45
CAPTRUST Financial Advisors
North Carolina
$119K +$123K +14,982 New
KPWS
46
Kestra Private Wealth Services
Texas
$107K +$3.33K +407 +3%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$99K – – –
Jane Street
48
Jane Street
New York
$99K +$103K +12,560 New
WS
49
Wedbush Securities
California
$98K +$2.46K +300 +2%
AFG
50
Affinia Financial Group
Massachusetts
$86K – – –
1
2
3

BRW Hedge Fund Activity: Q3 2022 in Review

63 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2022, worth a combined $140M — down 6.2% from $149M a quarter earlier.

Fund positioning in BRW was balanced in Q3 2022: 7 funds opened new positions, 7 closed out, 19 added to existing stakes and 19 trimmed.

The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $1.45M. The largest seller was Clough Capital Partners, cutting an estimated $3.3M.

  • 63 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2022, down from 64 in Q2 2022.
  • Funds reported $140M of Saba Capital Income & Opportunities Fund stock for Q3 2022, down 6.2% quarter-over-quarter.
  • 7 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2022 and 7 closed out, a net change of 0 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2022 was Thomas J. Herzfeld Advisors, an estimated $1.45M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2022 was Clough Capital Partners, an estimated $3.3M sold.

Based on aggregated 13F filings for Q3 2022.