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BRW

Saba Capital Income & Opportunities Fund
BRW

82 hedge funds and large institutions have $161M invested in Saba Capital Income & Opportunities Fund in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

10% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 20

3% more funds holding

Funds holding: 80 → 82 (+2)

1.28% more ownership

Funds ownership: 8.44% → 9.72% (+1.3%)

5% more capital invested

Capital invested by funds: $154M → $161M (+$7.26M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
82
Holders Change
+2
Holders Change %
+2.5%
% of All Funds
2.19%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
15
Increased
22
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$18.2M
2
Bank of America
Bank of America
North Carolina
+$6.28M
3
SG Americas Securities
SG Americas Securities
New York
+$1.81M
4
TAM
Trust Asset Management
Texas
+$1.63M
5
NCM
Newgate Capital Management
Connecticut
+$865K

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.7M
2
TFMS
Trust & Fiduciary Management Services
Massachusetts
-$2.54M
3
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$1.07M
4
IAS
IMA Advisory Services
Colorado
-$814K
5
UCFA
United Capital Financial Advisors
Texas
-$581K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
51
First Allied Advisory Services
California
$130K -$6.86K -640 -5%
GLA
52
Great Lakes Advisors
Illinois
$116K -$208K -19,380 -64%
WRM
53
Westport Resources Management
Connecticut
$106K -$11.2K -1,046 -10%
EVC
54
Eidelman Virant Capital
Missouri
$106K – – –
PNC Financial Services Group
55
PNC Financial Services Group
Pennsylvania
$106K – – –
CAN
56
Cetera Advisor Networks
California
$95K -$13.7K -1,277 -12%
WA
57
WealthTrust Axiom
Pennsylvania
$95K – – –
TC
58
TradeLink Capital
Illinois
$95K +$95.9K +8,950 New
Neuberger Berman Group
59
Neuberger Berman Group
New York
$91K – – –
IP
60
Investment Partners
Ohio
$89K +$89.6K +8,355 New
WT
61
Whittier Trust
California
$74K – – –
SCM
62
Saba Capital Management
New York
$63K – – –
Janney Montgomery Scott
63
Janney Montgomery Scott
Pennsylvania
$58.2K +$4.47K +417 +8%
BBA
64
BLB&B Advisors
Pennsylvania
$53K – – –
KA
65
Kovack Advisors
Florida
$53K – – –
GI
66
Gradient Investments
Minnesota
$52K – – –
WEC
67
Winslow Evans & Crocker
Massachusetts
$42.5K -$209K -19,509 -83%
Bank of Montreal
68
Bank of Montreal
Ontario, Canada
$40K -$1.02K -95 -2%
Northwestern Mutual Wealth Management
69
Northwestern Mutual Wealth Management
Wisconsin
$30K +$482 +45 +2%
BCM
70
Blume Capital Management
California
$21K – – –
QAM
71
QCI Asset Management
New York
$20K – – –
OIA
72
Optimum Investment Advisors
Illinois
$18K – – –
CAL
73
Capital Advisors Ltd
Ohio
$17K – – –
AIG
74
American International Group
New York
$15.6K +$4.29K +400 +37%
Fifth Third Bancorp
75
Fifth Third Bancorp
Ohio
$11K – – –
1 2
3
4

BRW Hedge Fund Activity: Q4 2014 in Review

82 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2014, worth a combined $161M — up 4.7% from $154M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BRW positions and 10 closed out — a net gain of 5 holders — while 22 added to existing stakes and 20 trimmed.

The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $18.2M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $2.7M sold.

  • 82 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2014, up from 80 in Q3 2014.
  • Funds reported $161M of Saba Capital Income & Opportunities Fund stock for Q4 2014, up 4.7% quarter-over-quarter.
  • 15 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2014 and 10 closed out, a net change of +5 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2014 was Baillie Gifford & Co, an estimated $18.2M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2014 was Envestnet Asset Management, an estimated $2.7M sold.

Based on aggregated 13F filings for Q4 2014.