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BRW

Saba Capital Income & Opportunities Fund
BRW

66 hedge funds and large institutions have $141M invested in Saba Capital Income & Opportunities Fund in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $134M → $141M (+$6.45M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.85% less ownership

Funds ownership: 41.49% → 40.64% (-0.85%)

7% less funds holding

Funds holding: 71 → 66 (-5)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

33% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 21

Holders
66
Holders Change
-5
Holders Change %
-7.04%
% of All Funds
1.05%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
10
Increased
14
Reduced
21
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.91M
2
GA
GraniteShares Advisors
New York
+$1.51M
3
CPIG
Chicago Partners Investment Group
Illinois
+$844K
4
SOA
Sea Otter Advisors
Florida
+$606K
5
PA
Parallel Advisors
California
+$313K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.01M
2
SCM
Saba Capital Management
New York
-$1.57M
3
PAS
Park Avenue Securities
New York
-$934K
4
LSC
Logan Stone Capital
Illinois
-$836K
5
BI
Bulldog Investors
New Jersey
-$803K
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
26
Parallel Advisors
California
$379K +$313K +38,729 +499%
WCMNY
27
Westchester Capital Management (New York)
New York
$364K – – –
SRC
28
Shufro Rose & Co
New York
$352K -$29.2K -3,610 -8%
Walleye Capital
29
Walleye Capital
New York
$330K – – –
IP
30
Investment Partners
Ohio
$328K – – –
CA
31
Cetera Advisors
Colorado
$326K – – –
SWM
32
SeaCrest Wealth Management
New York
$299K +$296K +36,692 New
CCP
33
Clough Capital Partners
Massachusetts
$267K -$103K -12,794 -28%
BRWA
34
B. Riley Wealth Advisors
Florida
$256K +$2K +248 +0.8%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$235K -$87.3K -10,810 -27%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$217K +$122K +15,134 +132%
Stifel Financial
37
Stifel Financial
Missouri
$173K -$258 -32 -0.2%
Rockefeller Capital Management
38
Rockefeller Capital Management
New York
$164K +$8.61K +1,066 +6%
ICMP
39
Integrated Capital Management (Pennsylvania)
Pennsylvania
$154K -$13.3K -1,642 -8%
Wells Fargo
40
Wells Fargo
California
$147K -$6.64K -822 -4%
LPL Financial
41
LPL Financial
California
$144K -$43.1K -5,340 -23%
JP Morgan Chase
42
JP Morgan Chase
New York
$130K – – –
FM
43
Family Management
New York
$129K – – –
CIA
44
Capital Investment Advisors
Georgia
$125K -$1.92K -238 -2%
KPWS
45
Kestra Private Wealth Services
Texas
$117K +$3.45K +427 +3%
WS
46
Wedbush Securities
California
$112K +$10.8K +1,342 +11%
HF
47
HRT Financial
New York
$106K +$106K +13,071 New
APG
48
Abacus Planning Group
South Carolina
$102K +$101K +12,547 New
MC
49
Meteora Capital
Florida
$96.1K +$95.3K +11,796 New
AWM
50
Apollon Wealth Management
South Carolina
$92.3K – – –
1
2
3 4

BRW Hedge Fund Activity: Q1 2023 in Review

66 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2023, worth a combined $141M — up 4.8% from $134M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BRW and 10 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 14 added.

The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $3.91M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.01M.

  • 66 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2023, down from 71 in Q4 2022.
  • Funds reported $141M of Saba Capital Income & Opportunities Fund stock for Q1 2023, up 4.8% quarter-over-quarter.
  • 10 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2023 and 14 closed out, a net change of -4 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2023 was Thomas J. Herzfeld Advisors, an estimated $3.91M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2023 was Rivernorth Capital Management, an estimated $3.01M sold.

Based on aggregated 13F filings for Q1 2023.