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BRW

Saba Capital Income & Opportunities Fund
BRW

76 hedge funds and large institutions have $125M invested in Saba Capital Income & Opportunities Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 5

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

12% more funds holding

Funds holding: 68 → 76 (+8)

6% more capital invested

Capital invested by funds: $118M → $125M (+$6.79M)

1.91% more ownership

Funds ownership: 36.25% → 38.16% (+1.9%)

22% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 23

Holders
76
Holders Change
+8
Holders Change %
+11.76%
% of All Funds
1.11%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
13
Increased
18
Reduced
23
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.73M
2
RVPG
Relative Value Partners Group
+$1.28M
3
RCM
Rivernorth Capital Management
Florida
+$894K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$659K
5
AGM
Alpine Global Management
New York
+$611K

Top Sellers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
-$3.61M
2
SCM
Saba Capital Management
New York
-$2.53M
3
QL
Quarry LP
New York
-$985K
4
BI
Bulldog Investors
New Jersey
-$632K
5
TJHA
Thomas J. Herzfeld Advisors
Florida
-$364K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AQR Arbitrage
Connecticut
$606K +$320K +42,042 +115%
LCM
27
Landscape Capital Management
New Jersey
$577K +$494K +64,810 +643%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$559K -$29.9K -3,920 -5%
Goldman Sachs
29
Goldman Sachs
New York
$503K -$3.81K -500 -0.8%
PA
30
Parallel Advisors
California
$469K +$38.5K +5,059 +9%
UBS Group
31
UBS Group
Switzerland
$465K +$117K +15,357 +34%
RCM
32
Robinson Capital Management
Michigan
$459K – – –
RJA
33
Raymond James & Associates
Florida
$431K -$77.8K -10,211 -15%
ACM
34
Adalta Capital Management
New York
$381K +$144K +18,850 +64%
WCMNY
35
Westchester Capital Management (New York)
New York
$345K – – –
PFA
36
Peak Financial Advisors
Colorado
$339K +$335K +43,925 New
CA
37
Cetera Advisors
Colorado
$308K – – –
SFS
38
Shaker Financial Services
Virginia
$302K +$291K +38,203 New
SWM
39
SeaCrest Wealth Management
New York
$296K -$4.71K -619 -2%
SRC
40
Shufro Rose & Co
New York
$278K – – –
BRWA
41
B. Riley Wealth Advisors
Florida
$234K -$75.7K -9,946 -25%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$217K +$59.1K +7,754 +38%
Stifel Financial
43
Stifel Financial
Missouri
$178K -$183 -24 -0.1%
AllianceBernstein
44
AllianceBernstein
Tennessee
$127K +$126K +16,500 New
Comerica Bank
45
Comerica Bank
Texas
$124K – – –
JP Morgan Chase
46
JP Morgan Chase
New York
$123K – – –
KPWS
47
Kestra Private Wealth Services
Texas
$122K +$3.65K +479 +3%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$118K -$60.6K -7,954 -34%
CIA
49
Capital Investment Advisors
Georgia
$116K -$14.3K -1,875 -11%
SCM
50
Sage Capital Management
New Jersey
$111K +$110K +14,387 New
1
2
3 4

BRW Hedge Fund Activity: Q4 2023 in Review

76 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2023, worth a combined $125M — up 5.7% from $118M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BRW positions and 5 closed out — a net gain of 8 holders — while 18 added to existing stakes and 23 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $4.73M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $3.61M sold.

  • 76 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2023, up from 68 in Q3 2023.
  • Funds reported $125M of Saba Capital Income & Opportunities Fund stock for Q4 2023, up 5.7% quarter-over-quarter.
  • 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2023 and 5 closed out, a net change of +8 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2023 was Morgan Stanley, an estimated $4.73M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2023 was Clough Capital Partners, an estimated $3.61M sold.

Based on aggregated 13F filings for Q4 2023.