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BRW

Saba Capital Income & Opportunities Fund
BRW

78 hedge funds and large institutions have $135M invested in Saba Capital Income & Opportunities Fund in 2013 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 7

13% more funds holding

Funds holding: 69 → 78 (+9)

0.22% less ownership

Funds ownership: 8.05% → 7.84% (-0.22%)

10% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 21

7% less capital invested

Capital invested by funds: $144M → $135M (-$9.44M)

Holders
78
Holders Change
+9
Holders Change %
+13.04%
% of All Funds
2.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
19
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$1.45M
2
JP Morgan Chase
JP Morgan Chase
New York
+$1.27M
3
PP
Paloma Partners
Connecticut
+$1.12M
4
OC
Oppenheimer & Co
New York
+$647K
5
SG Americas Securities
SG Americas Securities
New York
+$583K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.09M
2
Invesco
Invesco
Georgia
-$4.06M
3
AAM
Advisors Asset Management
Colorado
-$724K
4
Wells Fargo
Wells Fargo
California
-$613K
5
ARC
Absolute Return Capital
Massachusetts
-$492K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
$71K +$21.2K +1,780 +41%
CWM
52
Concert Wealth Management
California
$68K +$70.5K +5,917 New
CFA
53
Cahill Financial Advisors
Minnesota
$65K +$65.5K +5,500 New
SCP
54
Seizert Capital Partners
Michigan
$64K – – –
PNC Financial Services Group
55
PNC Financial Services Group
Pennsylvania
$63K – – –
KFC
56
Klingenstein Fields & Co
New York
$60K – – –
Janney Montgomery Scott
57
Janney Montgomery Scott
Pennsylvania
$59.8K -$4.19K -352 -6%
KA
58
Kovack Advisors
Florida
$58K – – –
GI
59
Gradient Investments
Minnesota
$57K – – –
1IC
60
1919 Investment Counsel
Maryland
$54K – – –
BRWA
61
B. Riley Wealth Advisors
Florida
$46K -$5.05K -424 -10%
Ameriprise
62
Ameriprise
Minnesota
$43K -$91.3K -7,664 -67%
Fifth Third Bancorp
63
Fifth Third Bancorp
Ohio
$40K -$4.22K -354 -9%
DBT
64
Dubuque Bank & Trust
Iowa
$37K +$38.1K +3,200 New
SHWM
65
Smith & Howard Wealth Management
Georgia
$36K – – –
Northwestern Mutual Wealth Management
66
Northwestern Mutual Wealth Management
Wisconsin
$30K +$488 +41 +2%
IWC
67
Integrated Wealth Counsel
California
$26K – – –
US Bancorp
68
US Bancorp
Minnesota
$26K – – –
QAM
69
QCI Asset Management
New York
$25K – – –
BCM
70
Blume Capital Management
California
$23K +$23.8K +2,000 New
CAL
71
Capital Advisors Ltd
Ohio
$19K +$19.3K +1,623 New
CFA
72
Carroll Financial Associates
North Carolina
$18K – – –
SIA
73
SeaBridge Investment Advisors
New Jersey
$12K – – –
CCS
74
Crosspoint Capital Strategies
California
$9K +$8.78K +737 New
TRCT
75
Tower Research Capital (TRC)
New York
$8K +$2.38K +200 +40%
1 2
3
4

BRW Hedge Fund Activity: Q4 2013 in Review

78 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2013, worth a combined $135M — down 6.6% from $144M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BRW positions and 7 closed out — a net gain of 10 holders — while 19 added to existing stakes and 21 trimmed.

The largest buyer was UBS, adding an estimated $1.45M. The largest seller was Morgan Stanley, cutting an estimated $4.09M.

  • 78 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2013, up from 69 in Q3 2013.
  • Funds reported $135M of Saba Capital Income & Opportunities Fund stock for Q4 2013, down 6.6% quarter-over-quarter.
  • 17 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2013 and 7 closed out, a net change of +10 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2013 was UBS, an estimated $1.45M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2013 was Morgan Stanley, an estimated $4.09M sold.

Based on aggregated 13F filings for Q4 2013.