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BRW

Saba Capital Income & Opportunities Fund
BRW

80 hedge funds and large institutions have $154M invested in Saba Capital Income & Opportunities Fund in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

1% more funds holding

Funds holding: 79 → 80 (+1)

9% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 22

1% more capital invested

Capital invested by funds: $152M → $154M (+$1.85M)

0.52% more ownership

Funds ownership: 7.92% → 8.44% (+0.52%)

Holders
80
Holders Change
+1
Holders Change %
+1.27%
% of All Funds
2.32%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.09%
New
9
Increased
24
Reduced
22
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCC
Bain Capital Credit
Massachusetts
+$4.84M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$3.04M
3
TFMS
Trust & Fiduciary Management Services
Massachusetts
+$2.57M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$1.67M
5
JP Morgan Chase
JP Morgan Chase
New York
+$696K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.4M
2
U
UBS
Switzerland
-$1.86M
3
MIG
Mariner Investment Group
New York
-$711K
4
Bank of America
Bank of America
North Carolina
-$680K
5
CS
Credit Suisse
Switzerland
-$482K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$110K +$55.7K +5,000 +100%
WA
52
WFG Advisors
Texas
$106K +$19.5K +1,753 +22%
WA
53
WealthTrust Axiom
Pennsylvania
$98K – – –
Neuberger Berman Group
54
Neuberger Berman Group
New York
$95K – – –
DA
55
Doliver Advisors
Texas
$82K -$153K -13,739 -65%
WT
56
Whittier Trust
California
$77K – – –
Citigroup
57
Citigroup
New York
$77K +$24.5K +2,198 +45%
SCM
58
Saba Capital Management
New York
$65K – – –
Janney Montgomery Scott
59
Janney Montgomery Scott
Pennsylvania
$55.7K +$56.4K +5,064 New
BBA
60
BLB&B Advisors
Pennsylvania
$55K +$55.7K +5,000 New
KA
61
Kovack Advisors
Florida
$55K +$55.7K +5,000 New
GI
62
Gradient Investments
Minnesota
$54K – – –
1IC
63
1919 Investment Counsel
Maryland
$51K – – –
Bank of Montreal
64
Bank of Montreal
Ontario, Canada
$43K -$23.2K -2,080 -35%
Northwestern Mutual Wealth Management
65
Northwestern Mutual Wealth Management
Wisconsin
$30K +$457 +41 +2%
Ameriprise
66
Ameriprise
Minnesota
$27K +$14.5K +1,300 +117%
BCM
67
Blume Capital Management
California
$22K – – –
QAM
68
QCI Asset Management
New York
$21K – – –
OIA
69
Optimum Investment Advisors
Illinois
$18K – – –
CAL
70
Capital Advisors Ltd
Ohio
$17K – – –
CFA
71
Carroll Financial Associates
North Carolina
$16K – – –
AIG
72
American International Group
New York
$11.8K -$16.8K -1,509 -58%
Fifth Third Bancorp
73
Fifth Third Bancorp
Ohio
$11K – – –
SIA
74
SeaBridge Investment Advisors
New Jersey
$11K – – –
FANJ
75
Financial Architects (New Jersey)
New Jersey
$11K +$8.46K +759 +304%
1 2
3
4

BRW Hedge Fund Activity: Q3 2014 in Review

80 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2014, worth a combined $154M — up 1.2% from $152M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new BRW positions and 8 closed out — a net gain of 1 holder — while 24 added to existing stakes and 22 trimmed.

The largest buyer was Bain Capital Credit, opening a new position worth an estimated $4.84M. The largest seller was Morgan Stanley, cutting an estimated $2.4M.

  • 80 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2014, up from 79 in Q2 2014.
  • Funds reported $154M of Saba Capital Income & Opportunities Fund stock for Q3 2014, up 1.2% quarter-over-quarter.
  • 9 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2014 and 8 closed out, a net change of +1 holder.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2014 was Bain Capital Credit, an estimated $4.84M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2014 was Morgan Stanley, an estimated $2.4M sold.

Based on aggregated 13F filings for Q3 2014.