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BRW

Saba Capital Income & Opportunities Fund
BRW

70 hedge funds and large institutions have $99.2M invested in Saba Capital Income & Opportunities Fund in 2024 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more capital invested

Capital invested by funds: $72.6M → $99.2M (+$26.6M)

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

6.53% more ownership

Funds ownership: 24.21% → 30.74% (+6.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less funds holding

Funds holding: 72 → 70 (-2)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

Holders
70
Holders Change
-2
Holders Change %
-2.78%
% of All Funds
1.01%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
8
Increased
23
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$18M
2
PCM
Penserra Capital Management
California
+$8.8M
3
MG
Marex Group
+$1.09M
4
Morgan Stanley
Morgan Stanley
New York
+$631K
5
Invesco
Invesco
Georgia
+$569K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$4.62M
2
MC
Meteora Capital
Florida
-$1.28M
3
RCM
Rivernorth Capital Management
Florida
-$1.04M
4
BFM
Boothbay Fund Management
New York
-$1.02M
5
AIA
Absolute Investment Advisers
Florida
-$873K
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$495K – – –
WS
27
Wedbush Securities
California
$467K +$168K +23,012 +60%
PFA
28
Peak Financial Advisors
Colorado
$464K +$26.7K +3,655 +6%
HighTower Advisors
29
HighTower Advisors
Illinois
$422K +$405K +55,494 New
SWM
30
SeaCrest Wealth Management
New York
$368K +$41.5K +5,695 +13%
WCMNY
31
Westchester Capital Management (New York)
New York
$339K – – –
Cetera Investment Advisers
32
Cetera Investment Advisers
Illinois
$332K – – –
Osaic Holdings
33
Osaic Holdings
Arizona
$309K -$30.1K -4,124 -9%
PA
34
Parallel Advisors
California
$290K +$985 +135 +0.4%
RJA
35
Raymond James & Associates
Florida
$285K -$24.6K -3,367 -8%
Stifel Financial
36
Stifel Financial
Missouri
$264K -$8.81K -1,208 -3%
UBS Group
37
UBS Group
Switzerland
$238K -$3.1K -425 -1%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$225K +$3.33K +457 +2%
NA
39
NewEdge Advisors
Louisiana
$222K +$66K +9,043 +45%
WSFS
40
Wilmington Savings Fund Society
Delaware
$215K +$207K +28,380 New
GP
41
Gridiron Partners
Pennsylvania
$171K -$431K -59,060 -72%
BRWA
42
B. Riley Wealth Advisors
Florida
$143K -$20.4K -2,800 -13%
KPWS
43
Kestra Private Wealth Services
Texas
$134K +$4.1K +562 +3%
JP Morgan Chase
44
JP Morgan Chase
New York
$122K – – –
Comerica Bank
45
Comerica Bank
Texas
$117K – – –
Corient Private Wealth
46
Corient Private Wealth
Florida
$116K +$18.8K +2,573 +20%
SCM
47
Sage Capital Management
New Jersey
$106K +$102 +14 +0.1%
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
$105K – – –
AWM
49
Apollon Wealth Management
South Carolina
$101K – – –
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$96K +$18.2K +2,500 +25%
1
2
3 4

BRW Hedge Fund Activity: Q3 2024 in Review

70 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2024, worth a combined $99.2M — up 37% from $72.6M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BRW and 8 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 23 added.

The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $18M. The largest seller was Saba Capital Management, cutting an estimated $4.62M.

  • 70 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2024, down from 72 in Q2 2024.
  • Funds reported $99.2M of Saba Capital Income & Opportunities Fund stock for Q3 2024, up 37% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2024 and 10 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2024 was Kovitz Investment Group Partners, an estimated $18M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2024 was Saba Capital Management, an estimated $4.62M sold.

Based on aggregated 13F filings for Q3 2024.