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BRW

Saba Capital Income & Opportunities Fund

87 hedge funds and large institutions have $229M invested in Saba Capital Income & Opportunities Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 21

0.03% less ownership

Funds ownership: 14.9%14.87% (-0.03%)

2% less capital invested

Capital invested by funds: $233M → $229M (-$3.66M)

8% less funds holding

Funds holding: 9587 (-8)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
87
Holders Change
-8
Holders Change %
-8.42%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
6
Increased
36
Reduced
21
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Commonwealth Equity Services
51
Commonwealth Equity Services
Massachusetts
$139K -$35.8K -3,541 -21%
SRC
52
Shufro Rose & Co
New York
$133K
ICAS
53
Investors Capital Advisory Services
Massachusetts
$122K -$2.84K -281 -2%
Creative Planning
54
Creative Planning
Kansas
$119K -$2.53K -250 -2%
Ameriprise
55
Ameriprise
Minnesota
$114K +$17K +1,682 +18%
JIP
56
Jaffetilchin Investment Partners
Florida
$107K +$71 +7 +0.1%
IP
57
Investment Partners
Ohio
$106K -$604K -59,740 -85%
HK
58
Horizon Kinetics
New York
$105K
EVC
59
Eidelman Virant Capital
Missouri
$102K
WA
60
WealthTrust Axiom
Pennsylvania
$93K
GLA
61
Great Lakes Advisors
Illinois
$85K
Neuberger Berman Group
62
Neuberger Berman Group
New York
$84K
CAN
63
Cetera Advisor Networks
California
$79K -$16K -1,579 -17%
WT
64
Whittier Trust
California
$72K
Bank of New York Mellon
65
Bank of New York Mellon
New York
$71K +$4.52K +447 +7%
AG
66
Advisor Group
Arizona
$70K +$69.5K +6,872 New
IIC
67
Integrated Investment Consultants
Michigan
$69K
OC
68
Oppenheimer & Co
New York
$69K +$68.3K +6,750 New
SMH
69
Sanders Morris Harris
Texas
$63K
GI
70
Gradient Investments
Minnesota
$50K
LNB
71
Ledyard National Bank
$39K
Northwestern Mutual Wealth Management
72
Northwestern Mutual Wealth Management
Wisconsin
$31K -$5.87K -580 -16%
Bank of Montreal
73
Bank of Montreal
Ontario, Canada
$28K +$3.04K +300 +13%
BFIM
74
Beese Fulmer Investment Management
Ohio
$24K +$68.4K +6,765 +128%
SSB
75
Sandy Spring Bank
Maryland
$23K

BRW Hedge Fund Activity: Q2 2016 in Review

87 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2016, worth a combined $229M — down 1.6% from $233M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BRW and 6 opened new positions — a net loss of 8 holders — while 21 trimmed existing stakes and 36 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.69M. The largest seller was Janus Henderson Group, cutting an estimated $5.07M.

  • 87 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2016, down from 95 in Q1 2016.
  • Funds reported $229M of Saba Capital Income & Opportunities Fund stock for Q2 2016, down 1.6% quarter-over-quarter.
  • 6 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2016 and 14 closed out, a net change of -8 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2016 was Rivernorth Capital Management, an estimated $6.69M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2016 was Janus Henderson Group, an estimated $5.07M sold.

Based on aggregated 13F filings for Q2 2016.