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BRW

Saba Capital Income & Opportunities Fund
BRW

69 hedge funds and large institutions have $144M invested in Saba Capital Income & Opportunities Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

22% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 18

5% more funds holding

Funds holding: 66 → 69 (+3)

0.34% less ownership

Funds ownership: 8.4% → 8.05% (-0.34%)

9% less capital invested

Capital invested by funds: $158M → $144M (-$13.6M)

Holders
69
Holders Change
+3
Holders Change %
+4.55%
% of All Funds
2.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
22
Reduced
18
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.66M
2
Bank of America
Bank of America
North Carolina
+$1.32M
3
U
UBS
Switzerland
+$858K
4
SNC
Stifel Nicolaus & Co
Missouri
+$292K
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$250K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$3.81M
2
Morgan Stanley
Morgan Stanley
New York
-$2.8M
3
AAM
Advisors Asset Management
Colorado
-$1.33M
4
HK
Horizon Kinetics
New York
-$770K
5
ARC
Absolute Return Capital
Massachusetts
-$753K
Name Holding Trade Value Shares
Change 		Change in
Stake
KA
51
Kovack Advisors
Florida
$61K – – –
GI
52
Gradient Investments
Minnesota
$60K – – –
1IC
53
1919 Investment Counsel
Maryland
$56K – – –
Bank of Montreal
54
Bank of Montreal
Ontario, Canada
$53K -$6.11K -500 -10%
BRWA
55
B. Riley Wealth Advisors
Florida
$53K – – –
Fifth Third Bancorp
56
Fifth Third Bancorp
Ohio
$45K -$20.8K -1,700 -31%
SHWM
57
Smith & Howard Wealth Management
Georgia
$38K – – –
MFS
58
MSI Financial Services
Massachusetts
$32K +$32.1K +2,625 New
Northwestern Mutual Wealth Management
59
Northwestern Mutual Wealth Management
Wisconsin
$31K +$537 +44 +2%
US Bancorp
60
US Bancorp
Minnesota
$27K – – –
IWC
61
Integrated Wealth Counsel
California
$26.7K – – –
QAM
62
QCI Asset Management
New York
$26K +$3.05K +250 +13%
CFA
63
Carroll Financial Associates
North Carolina
$19K – – –
SIA
64
SeaBridge Investment Advisors
New Jersey
$12K – – –
TRCT
65
Tower Research Capital (TRC)
New York
$6K -$623 -51 -9%
NES
66
New England Securities
New York
$5K +$5.09K +417 New
Deutsche Bank
67
Deutsche Bank
Germany
$3K -$59.6K -4,878 -94%
FANJ
68
Financial Architects (New Jersey)
New Jersey
$3K – – –
PSI
69
Pinnacle Summer Investments
Virginia
$2K +$2.44K +200 New
BSWMG
70
Barrington Strategic Wealth Management Group
Illinois
– -$358K -28,125 Closed
PP
71
Paloma Partners
Connecticut
– -$160K -12,550 Closed
Goldman Sachs
72
Goldman Sachs
New York
– -$102K -8,014 Closed
FNBT
73
FineMark National Bank & Trust
Florida
– -$22K -1,725 Closed
LWA
74
Lenox Wealth Advisors
New York
– -$5K -425 Closed
AC
75
Alexandria Capital
Virginia
– -$1K -115 Closed
1 2
3

BRW Hedge Fund Activity: Q3 2013 in Review

69 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2013, worth a combined $144M — down 8.6% from $158M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new BRW positions and 6 closed out — a net gain of 3 holders — while 22 added to existing stakes and 18 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $1.66M. The largest seller was Invesco, cutting an estimated $3.81M.

  • 69 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2013, up from 66 in Q2 2013.
  • Funds reported $144M of Saba Capital Income & Opportunities Fund stock for Q3 2013, down 8.6% quarter-over-quarter.
  • 9 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2013 and 6 closed out, a net change of +3 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2013 was Guggenheim Capital, an estimated $1.66M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2013 was Invesco, an estimated $3.81M sold.

Based on aggregated 13F filings for Q3 2013.