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BRW

Saba Capital Income & Opportunities Fund
BRW

72 hedge funds and large institutions have $99.2M invested in Saba Capital Income & Opportunities Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 16

5% less funds holding

Funds holding: 76 → 72 (-4)

6.33% less ownership

Funds ownership: 38.16% → 31.83% (-6.3%)

21% less capital invested

Capital invested by funds: $125M → $99.2M (-$26M)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
72
Holders Change
-4
Holders Change %
-5.26%
% of All Funds
1.04%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.01%
New
8
Increased
25
Reduced
16
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
+$1.61M
2
SFS
Shaker Financial Services
Virginia
+$948K
3
Osaic Holdings
Osaic Holdings
Arizona
+$862K
4
MGWM
Marks Group Wealth Management
Minnesota
+$766K
5
RCM
Rivernorth Capital Management
Florida
+$516K

Top Sellers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
-$6.41M
2
SCM
Saba Capital Management
New York
-$5.95M
3
Morgan Stanley
Morgan Stanley
New York
-$4.96M
4
SWP
Significant Wealth Partners
Illinois
-$3.9M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$558K +$30.5K +4,121 +6%
Goldman Sachs
27
Goldman Sachs
New York
$480K +$4.43K +600 +0.9%
PA
28
Parallel Advisors
California
$457K +$13.6K +1,842 +3%
ACM
29
Adalta Capital Management
New York
$366K +$15K +2,025 +4%
PFA
30
Peak Financial Advisors
Colorado
$352K +$32.4K +4,386 +10%
RJA
31
Raymond James & Associates
Florida
$334K -$74.4K -10,064 -18%
WCMNY
32
Westchester Capital Management (New York)
New York
$326K – – –
AIA
33
Absolute Investment Advisers
Florida
$317K +$322K +43,533 New
QL
34
Quarry LP
New York
$317K +$322K +43,533 New
UBS Group
35
UBS Group
Switzerland
$311K -$131K -17,728 -29%
Cetera Investment Advisers
36
Cetera Investment Advisers
Illinois
$310K +$314K +42,507 New
BRWA
37
B. Riley Wealth Advisors
Florida
$302K +$73.5K +9,946 +34%
SWM
38
SeaCrest Wealth Management
New York
$294K +$16K +2,160 +6%
CA
39
Cetera Advisors
Colorado
$292K – – –
SRC
40
Shufro Rose & Co
New York
$227K -$37.2K -5,029 -14%
Stifel Financial
41
Stifel Financial
Missouri
$188K +$20.3K +2,750 +12%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$171K -$34.9K -4,718 -17%
KPWS
43
Kestra Private Wealth Services
Texas
$120K +$5.55K +751 +5%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$117K +$5.55K +751 +5%
JP Morgan Chase
45
JP Morgan Chase
New York
$117K – – –
Comerica Bank
46
Comerica Bank
Texas
$113K -$4.8K -650 -4%
NA
47
NewEdge Advisors
Louisiana
$109K +$111K +14,970 New
AA
48
AQR Arbitrage
Connecticut
$109K -$471K -63,750 -81%
SCM
49
Sage Capital Management
New Jersey
$105K +$333 +45 +0.3%
FM
50
Family Management
New York
$105K – – –
1
2
3 4

BRW Hedge Fund Activity: Q1 2024 in Review

72 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2024, worth a combined $99.2M — down 21% from $125M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BRW and 8 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 25 added.

The largest buyer was Landscape Capital Management, adding an estimated $1.61M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $6.41M.

  • 72 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2024, down from 76 in Q4 2023.
  • Funds reported $99.2M of Saba Capital Income & Opportunities Fund stock for Q1 2024, down 21% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2024 and 11 closed out, a net change of -3 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2024 was Landscape Capital Management, an estimated $1.61M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2024 was Thomas J. Herzfeld Advisors, an estimated $6.41M sold.

Based on aggregated 13F filings for Q1 2024.