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BRW

Saba Capital Income & Opportunities Fund
BRW

61 hedge funds and large institutions have $126M invested in Saba Capital Income & Opportunities Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.22% less ownership

Funds ownership: 40.64% → 38.42% (-2.2%)

8% less funds holding

Funds holding: 66 → 61 (-5)

10% less capital invested

Capital invested by funds: $141M → $126M (-$14.6M)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
61
Holders Change
-5
Holders Change %
-7.58%
% of All Funds
0.96%
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
16
Reduced
19
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AGM
Alpine Global Management
New York
+$866K
2
LPL Financial
LPL Financial
California
+$635K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$584K
4
SC
Scotia Capital
Ontario, Canada
+$405K
5
CPIG
Chicago Partners Investment Group
Illinois
+$241K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$3.19M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$2.67M
3
BI
Bulldog Investors
New Jersey
-$1.24M
4
Morgan Stanley
Morgan Stanley
New York
-$1.06M
5
Invesco
Invesco
Georgia
-$416K
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
26
Parallel Advisors
California
$404K +$47.9K +6,029 +13%
UBS Group
27
UBS Group
Switzerland
$355K -$88.3K -11,118 -19%
WCMNY
28
Westchester Capital Management (New York)
New York
$344K – – –
SRC
29
Shufro Rose & Co
New York
$319K -$14.3K -1,805 -4%
Walleye Capital
30
Walleye Capital
New York
$312K – – –
CA
31
Cetera Advisors
Colorado
$308K – – –
SWM
32
SeaCrest Wealth Management
New York
$295K +$12.5K +1,569 +4%
HNB
33
Huntington National Bank
Ohio
$245K – – –
BRWA
34
B. Riley Wealth Advisors
Florida
$243K +$342 +43 +0.1%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$225K +$4.29K +540 +2%
WWM
36
Western Wealth Management
Colorado
$205K +$212K +26,680 New
AA
37
AQR Arbitrage
Connecticut
$193K -$172K -21,680 -46%
Stifel Financial
38
Stifel Financial
Missouri
$179K +$15.7K +1,980 +9%
ACM
39
Adalta Capital Management
New York
$156K +$161K +20,225 New
Rockefeller Capital Management
40
Rockefeller Capital Management
New York
$140K -$16.5K -2,074 -10%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$134K +$23.4K +2,950 +20%
Wells Fargo
42
Wells Fargo
California
$132K -$6.68K -841 -5%
JP Morgan Chase
43
JP Morgan Chase
New York
$123K – – –
FM
44
Family Management
New York
$121K – – –
KPWS
45
Kestra Private Wealth Services
Texas
$114K +$3.55K +447 +3%
APG
46
Abacus Planning Group
South Carolina
$96.6K – – –
MC
47
Meteora Capital
Florida
$90.8K – – –
AWM
48
Apollon Wealth Management
South Carolina
$87.2K – – –
LWP
49
Lumature Wealth Partners
Georgia
$65.5K – – –
WC
50
Winmill & Co
New York
$27.7K – – –
1
2
3

BRW Hedge Fund Activity: Q2 2023 in Review

61 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2023, worth a combined $126M — down 10% from $141M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BRW and 7 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 16 added.

The largest buyer was Alpine Global Management, opening a new position worth an estimated $866K. The largest seller was Saba Capital Management, cutting an estimated $3.19M.

  • 61 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2023, down from 66 in Q1 2023.
  • Funds reported $126M of Saba Capital Income & Opportunities Fund stock for Q2 2023, down 10% quarter-over-quarter.
  • 7 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2023 and 11 closed out, a net change of -4 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2023 was Alpine Global Management, an estimated $866K added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2023 was Saba Capital Management, an estimated $3.19M sold.

Based on aggregated 13F filings for Q2 2023.