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BRW

Saba Capital Income & Opportunities Fund
BRW

94 hedge funds and large institutions have $229M invested in Saba Capital Income & Opportunities Fund in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $219M → $229M (+$10.4M)

0.74% more ownership

Funds ownership: 13.36% → 14.1% (+0.74%)

0% more funds holding

Funds holding: 94 → 94 (0)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

4% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 25

Holders
94
Holders Change
–
Holders Change %
0%
% of All Funds
2.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
24
Reduced
25
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$10.4M
2
Invesco
Invesco
Georgia
+$7.33M
3
EVM
Eaton Vance Management
Massachusetts
+$5.58M
4
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$2.88M
5
Bank of America
Bank of America
North Carolina
+$591K

Top Sellers

Rank Fund Capital Flow
1
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$5.07M
2
WCMNY
Westchester Capital Management (New York)
New York
-$3.7M
3
LPL Financial
LPL Financial
California
-$1.72M
4
Stifel Financial
Stifel Financial
Missouri
-$1.72M
5
LCM
Laurion Capital Management
New York
-$948K
Name Holding Trade Value Shares
Change 		Change in
Stake
AFP
51
Ausdal Financial Partners
Iowa
$132K +$132K +12,275 New
VKH
52
Virtu KCG Holdings
New York
$124K +$124K +11,501 New
RWML
53
RAFFA WEALTH MANAGEMENT, LLC
District of Columbia
$120K +$121K +11,174 New
PNC Financial Services Group
54
PNC Financial Services Group
Pennsylvania
$114K – – –
EVC
55
Eidelman Virant Capital
Missouri
$107K – – –
HWA
56
HCR Wealth Advisors
California
$101K – – –
WA
57
WealthTrust Axiom
Pennsylvania
$99K – – –
Creative Planning
58
Creative Planning
Kansas
$92K -$20.1K -1,862 -18%
IP
59
Investment Partners
Ohio
$90K – – –
Neuberger Berman Group
60
Neuberger Berman Group
New York
$88K – – –
TCM
61
Traynor Capital Management
Pennsylvania
$79K -$12.4K -1,147 -13%
IA
62
IFP Advisors
Florida
$76K -$10.3K -950 -12%
WT
63
Whittier Trust
California
$75K – – –
AG
64
Advisor Group
Arizona
$74K – – –
IIC
65
Integrated Investment Consultants
Michigan
$73K – – –
Northwestern Mutual Wealth Management
66
Northwestern Mutual Wealth Management
Wisconsin
$69K +$34.8K +3,225 +102%
SMH
67
Sanders Morris Harris
Texas
$67K – – –
Janney Montgomery Scott
68
Janney Montgomery Scott
Pennsylvania
$61K -$3.53K -327 -5%
PP
69
Prudential plc
United Kingdom
$59K – – –
PA
70
Parallel Advisors
California
$58K – – –
CCP
71
Corient Capital Partners
California
$58K +$58.5K +5,418 New
CL
72
Choreo LLC
Illinois
$57K +$57.4K +5,323 New
TSS
73
Two Sigma Securities
New York
$54K +$54.1K +5,010 New
GI
74
Gradient Investments
Minnesota
$53K – – –
PA
75
Perennial Advisors
New York
$51K – – –
1 2
3
4 5

BRW Hedge Fund Activity: Q2 2017 in Review

94 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2017, worth a combined $229M — up 4.8% from $219M a quarter earlier.

Fund positioning in BRW was balanced in Q2 2017: 13 funds opened new positions, 13 closed out, 24 added to existing stakes and 25 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.4M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $5.07M sold.

  • 94 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2017, unchanged from Q1 2017.
  • Funds reported $229M of Saba Capital Income & Opportunities Fund stock for Q2 2017, up 4.8% quarter-over-quarter.
  • 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2017 and 13 closed out, a net change of 0 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2017 was Rivernorth Capital Management, an estimated $10.4M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2017 was Janus Henderson Group, an estimated $5.07M sold.

Based on aggregated 13F filings for Q2 2017.