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BRW

Saba Capital Income & Opportunities Fund
BRW

80 hedge funds and large institutions have $96.9M invested in Saba Capital Income & Opportunities Fund in 2025 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

14% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 22

3% more funds holding

Funds holding: 78 → 80 (+2)

3% more capital invested

Capital invested by funds: $93.9M → $96.9M (+$2.96M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.23% less ownership

Funds ownership: 28.48% → 28.25% (-0.23%)

Holders
80
Holders Change
+2
Holders Change %
+2.56%
% of All Funds
1.05%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
10
Increased
25
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.39M
2
MWM
Modern Wealth Management
Kansas
+$977K
3
NCM
Next Capital Management
New York
+$758K
4
AAM
Advisors Asset Management
Colorado
+$726K
5
AIA
Absolute Investment Advisers
Florida
+$541K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.02M
2
SFS
Shaker Financial Services
Virginia
-$845K
3
CL
CSS LLC
Illinois
-$676K
4
BI
Bulldog Investors
New Jersey
-$568K
5
LCM
Landscape Capital Management
New Jersey
-$539K
Name Holding Trade Value Shares
Change 		Change in
Stake
OHA
26
Oak Hill Advisors
New York
$640K -$87.4K -11,489 -13%
Stifel Financial
27
Stifel Financial
Missouri
$637K +$31.8K +4,178 +6%
Goldman Sachs
28
Goldman Sachs
New York
$544K +$16.9K +2,220 +3%
Cetera Investment Advisers
29
Cetera Investment Advisers
Illinois
$516K +$32.9K +4,332 +7%
PFA
30
Peak Financial Advisors
Colorado
$511K +$8.6K +1,131 +2%
WS
31
Wedbush Securities
California
$454K -$61.4K -8,070 -13%
AC
32
Almitas Capital
California
$450K +$424K +55,799 New
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$421K +$30.5K +4,007 +8%
UBS Group
34
UBS Group
Switzerland
$411K +$265K +34,796 +214%
Cerity Partners
35
Cerity Partners
New York
$383K +$11.6K +1,525 +3%
WCMNY
36
Westchester Capital Management (New York)
New York
$360K – – –
SWM
37
SeaCrest Wealth Management
New York
$351K -$16.8K -2,213 -5%
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$346K – – –
CL
39
Choreo LLC
Illinois
$302K +$285K +37,438 New
Osaic Holdings
40
Osaic Holdings
Arizona
$295K -$23.5K -3,096 -8%
Millennium Management
41
Millennium Management
New York
$290K -$236K -31,094 -46%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$219K -$11.5K -1,517 -5%
LNWWM
43
Laird Norton Wetherby Wealth Management
California
$202K +$191K +25,107 New
Jane Street
44
Jane Street
New York
$200K +$189K +24,794 New
GP
45
Gridiron Partners
Pennsylvania
$182K – – –
KPWS
46
Kestra Private Wealth Services
Texas
$156K +$4.49K +590 +3%
PA
47
Parallel Advisors
California
$156K +$94.8K +12,463 +182%
FHA
48
Flagship Harbor Advisors
Massachusetts
$155K +$32K +4,214 +28%
HF
49
HRT Financial
New York
$152K +$43.3K +5,701 +43%
M&T Bank
50
M&T Bank
New York
$145K – – –
1
2
3 4

BRW Hedge Fund Activity: Q2 2025 in Review

80 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2025, worth a combined $96.9M — up 3.1% from $93.9M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BRW positions and 7 closed out — a net gain of 3 holders — while 25 added to existing stakes and 22 trimmed.

The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $3.39M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.02M.

  • 80 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2025, up from 78 in Q1 2025.
  • Funds reported $96.9M of Saba Capital Income & Opportunities Fund stock for Q2 2025, up 3.1% quarter-over-quarter.
  • 10 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2025 and 7 closed out, a net change of +3 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2025 was Thomas J. Herzfeld Advisors, an estimated $3.39M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2025 was Rivernorth Capital Management, an estimated $4.02M sold.

Based on aggregated 13F filings for Q2 2025.