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BRW

Saba Capital Income & Opportunities Fund
BRW

68 hedge funds and large institutions have $118M invested in Saba Capital Income & Opportunities Fund in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

11% more funds holding

Funds holding: 61 → 68 (+7)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.17% less ownership

Funds ownership: 38.42% → 36.25% (-2.2%)

6% less capital invested

Capital invested by funds: $126M → $118M (-$7.76M)

10% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 20

Holders
68
Holders Change
+7
Holders Change %
+11.48%
% of All Funds
1.08%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
18
Reduced
20
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
+$3.67M
2
MC
Meteora Capital
Florida
+$1.35M
3
BFM
Boothbay Fund Management
New York
+$1.16M
4
RCM
Rivernorth Capital Management
Florida
+$1.02M
5
QL
Quarry LP
New York
+$1M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$7.8M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$5.21M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.85M
4
BI
Bulldog Investors
New Jersey
-$822K
5
Morgan Stanley
Morgan Stanley
New York
-$699K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$586K -$3.41K -437 -0.6%
RJA
27
Raymond James & Associates
Florida
$507K -$13.1K -1,683 -2%
Goldman Sachs
28
Goldman Sachs
New York
$505K -$7.81K -1,000 -1%
RCM
29
Robinson Capital Management
Michigan
$450K – – –
PA
30
Parallel Advisors
California
$429K +$25.6K +3,277 +6%
UBS Group
31
UBS Group
Switzerland
$346K -$8.34K -1,067 -2%
WCMNY
32
Westchester Capital Management (New York)
New York
$343K – – –
Walleye Capital
33
Walleye Capital
New York
$311K – – –
CA
34
Cetera Advisors
Colorado
$307K – – –
BRWA
35
B. Riley Wealth Advisors
Florida
$302K +$61.2K +7,830 +25%
SWM
36
SeaCrest Wealth Management
New York
$298K +$4.48K +573 +1%
AA
37
AQR Arbitrage
Connecticut
$281K +$90.7K +11,606 +46%
SRC
38
Shufro Rose & Co
New York
$278K -$40.3K -5,156 -12%
ACM
39
Adalta Capital Management
New York
$225K +$71.1K +9,100 +45%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$179K -$47.2K -6,043 -21%
Stifel Financial
41
Stifel Financial
Missouri
$177K -$984 -126 -0.5%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$157K +$22.9K +2,930 +17%
IP
43
Ignite Planners
California
$133K +$137K +17,541 New
CIA
44
Capital Investment Advisors
Georgia
$130K +$132K +16,945 New
Comerica Bank
45
Comerica Bank
Texas
$124K +$126K +16,121 New
JP Morgan Chase
46
JP Morgan Chase
New York
$123K – – –
WWM
47
Western Wealth Management
Colorado
$123K -$83.7K -10,715 -40%
FM
48
Family Management
New York
$121K – – –
KPWS
49
Kestra Private Wealth Services
Texas
$117K +$3.57K +457 +3%
APG
50
Abacus Planning Group
South Carolina
$96.4K – – –
1
2
3

BRW Hedge Fund Activity: Q3 2023 in Review

68 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2023, worth a combined $118M — down 6.2% from $126M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BRW positions and 3 closed out — a net gain of 8 holders — while 18 added to existing stakes and 20 trimmed.

The largest buyer was Clough Capital Partners, opening a new position worth an estimated $3.67M. The largest seller was Saba Capital Management, cutting an estimated $7.8M.

  • 68 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2023, up from 61 in Q2 2023.
  • Funds reported $118M of Saba Capital Income & Opportunities Fund stock for Q3 2023, down 6.2% quarter-over-quarter.
  • 11 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2023 and 3 closed out, a net change of +8 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2023 was Clough Capital Partners, an estimated $3.67M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2023 was Saba Capital Management, an estimated $7.8M sold.

Based on aggregated 13F filings for Q3 2023.