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BRW

Saba Capital Income & Opportunities Fund
BRW

90 hedge funds and large institutions have $176M invested in Saba Capital Income & Opportunities Fund in 2015 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 9

19% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 21

13% more funds holding

Funds holding: 80 → 90 (+10)

1.04% more ownership

Funds ownership: 9.72% → 10.76% (+1%)

4% more capital invested

Capital invested by funds: $169M → $176M (+$6.56M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
90
Holders Change
+10
Holders Change %
+12.5%
% of All Funds
2.43%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
19
Increased
25
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
+$5.72M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$3.94M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$3.93M
4
Bessemer Group
Bessemer Group
New Jersey
+$3.55M
5
RCM
Rivernorth Capital Management
Florida
+$1.45M

Top Sellers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
-$1.74M
2
CS
Credit Suisse
Switzerland
-$1.29M
3
UBS Group
UBS Group
Switzerland
-$1.15M
4
HNB
Huntington National Bank
Ohio
-$911K
5
CA
Cornerstone Advisors
North Carolina
-$836K
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
51
Tower Research Capital (TRC)
New York
$137K +$143K +12,909 +8,437%
BSWMG
52
Barrington Strategic Wealth Management Group
Illinois
$128K -$31.8K -2,875 -19%
PNC Financial Services Group
53
PNC Financial Services Group
Pennsylvania
$113K +$111K +10,029 +1,475%
JIP
54
Jaffetilchin Investment Partners
Florida
$110K +$32.4K +2,930 +39%
EVC
55
Eidelman Virant Capital
Missouri
$105K – – –
CAN
56
Cetera Advisor Networks
California
$100K – – –
Jane Street
57
Jane Street
New York
$100K +$106K +9,553 New
WA
58
WealthTrust Axiom
Pennsylvania
$93K – – –
Neuberger Berman Group
59
Neuberger Berman Group
New York
$91K – – –
IC
60
Iconiq Capital
California
$89K -$1.23K -111 -1%
Ameriprise
61
Ameriprise
Minnesota
$89K +$26.2K +2,368 +39%
Citadel Advisors
62
Citadel Advisors
Florida
$88K +$92.9K +8,410 New
GLA
63
Great Lakes Advisors
Illinois
$87K – – –
IP
64
Investment Partners
Ohio
$87K – – –
HighTower Advisors
65
HighTower Advisors
Illinois
$82K -$49.7K -4,497 -37%
WT
66
Whittier Trust
California
$74K – – –
Janney Montgomery Scott
67
Janney Montgomery Scott
Pennsylvania
$57.9K +$188 +17 +0.3%
BW
68
Bison Wealth
Georgia
$57K +$60.2K +5,444 New
KA
69
Kovack Advisors
Florida
$53K +$55.2K +5,000 New
GI
70
Gradient Investments
Minnesota
$52K – – –
SRC
71
Shufro Rose & Co
New York
$52K +$55.2K +5,000 New
Northwestern Mutual Wealth Management
72
Northwestern Mutual Wealth Management
Wisconsin
$30K +$486 +44 +2%
SSB
73
Sandy Spring Bank
Maryland
$23K – – –
SEI Investments
74
SEI Investments
Pennsylvania
$22K – – –
BCM
75
Blume Capital Management
California
$21K – – –
1 2
3
4

BRW Hedge Fund Activity: Q2 2015 in Review

90 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2015, worth a combined $176M — up 3.9% from $169M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BRW positions and 9 closed out — a net gain of 10 holders — while 25 added to existing stakes and 21 trimmed.

The largest buyer was Eaton Vance Management, opening a new position worth an estimated $5.72M. The largest seller was Financial & Investment Management Group, cutting an estimated $1.74M.

  • 90 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2015, up from 80 in Q1 2015.
  • Funds reported $176M of Saba Capital Income & Opportunities Fund stock for Q2 2015, up 3.9% quarter-over-quarter.
  • 19 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2015 and 9 closed out, a net change of +10 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2015 was Eaton Vance Management, an estimated $5.72M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2015 was Financial & Investment Management Group, an estimated $1.74M sold.

Based on aggregated 13F filings for Q2 2015.