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BRW

Saba Capital Income & Opportunities Fund
BRW

80 hedge funds and large institutions have $169M invested in Saba Capital Income & Opportunities Fund in 2015 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 21 increasing their positions, 27 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $161M → $169M (+$8.13M)

0% less ownership

Funds ownership: 9.72% → 9.72% (-0%)

0% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 15

2% less funds holding

Funds holding: 82 → 80 (-2)

22% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 27

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
80
Holders Change
-2
Holders Change %
-2.44%
% of All Funds
2.13%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
15
Increased
21
Reduced
27
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$6.33M
2
Bessemer Group
Bessemer Group
New Jersey
+$4.04M
3
FIMG
Financial & Investment Management Group
Michigan
+$1.82M
4
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$1.42M
5
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$1.05M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$4.17M
2
MIG
Mariner Investment Group
New York
-$3.01M
3
SG Americas Securities
SG Americas Securities
New York
-$1.79M
4
NCM
Newgate Capital Management
Connecticut
-$1.12M
5
CA
Cornerstone Advisors
North Carolina
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
EVC
51
Eidelman Virant Capital
Missouri
$111K – – –
CAN
52
Cetera Advisor Networks
California
$100K -$2.79K -259 -3%
WA
53
WealthTrust Axiom
Pennsylvania
$99K – – –
Neuberger Berman Group
54
Neuberger Berman Group
New York
$96K – – –
IC
55
Iconiq Capital
California
$95K -$346K -32,110 -79%
IP
56
Investment Partners
Ohio
$93K – – –
GLA
57
Great Lakes Advisors
Illinois
$92K -$27.5K -2,550 -23%
JIP
58
Jaffetilchin Investment Partners
Florida
$83K +$80.9K +7,500 New
WT
59
Whittier Trust
California
$78K – – –
Ameriprise
60
Ameriprise
Minnesota
$68K +$66K +6,119 New
Janney Montgomery Scott
61
Janney Montgomery Scott
Pennsylvania
$61K +$183 +17 +0.3%
BBA
62
BLB&B Advisors
Pennsylvania
$55K – – –
GI
63
Gradient Investments
Minnesota
$54K – – –
Bank of Montreal
64
Bank of Montreal
Ontario, Canada
$39K -$2.44K -226 -6%
WEC
65
Winslow Evans & Crocker
Massachusetts
$33.2K -$10.8K -1,000 -25%
Northwestern Mutual Wealth Management
66
Northwestern Mutual Wealth Management
Wisconsin
$31K +$475 +44 +2%
SSB
67
Sandy Spring Bank
Maryland
$24K +$23.8K +2,206 New
SEI Investments
68
SEI Investments
Pennsylvania
$23K +$22.2K +2,063 New
BCM
69
Blume Capital Management
California
$22K – – –
QAM
70
QCI Asset Management
New York
$21K – – –
CAL
71
Capital Advisors Ltd
Ohio
$18K – – –
Fifth Third Bancorp
72
Fifth Third Bancorp
Ohio
$11K – – –
SIA
73
SeaBridge Investment Advisors
New Jersey
$11K – – –
PNC Financial Services Group
74
PNC Financial Services Group
Pennsylvania
$8K -$101K -9,320 -93%
AF
75
Allworth Financial
California
$8K +$7.91K +733 New
1 2
3
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BRW Hedge Fund Activity: Q1 2015 in Review

80 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2015, worth a combined $169M — up 5% from $161M a quarter earlier.

Fund positioning in BRW was balanced in Q1 2015: 15 funds opened new positions, 15 closed out, 21 added to existing stakes and 27 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $6.33M. The largest seller was Bank of America, cutting an estimated $4.17M.

  • 80 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2015, down from 82 in Q4 2014.
  • Funds reported $169M of Saba Capital Income & Opportunities Fund stock for Q1 2015, up 5% quarter-over-quarter.
  • 15 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2015 and 15 closed out, a net change of 0 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2015 was Morgan Stanley, an estimated $6.33M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2015 was Bank of America, an estimated $4.17M sold.

Based on aggregated 13F filings for Q1 2015.