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BRW

Saba Capital Income & Opportunities Fund
BRW

96 hedge funds and large institutions have $252M invested in Saba Capital Income & Opportunities Fund in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 30 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $230M → $252M (+$22.3M)

0.94% more ownership

Funds ownership: 15.37% → 16.3% (+0.94%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

15% less funds holding

Funds holding: 113 → 96 (-17)

17% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 30

67% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 24

Holders
96
Holders Change
-17
Holders Change %
-15.04%
% of All Funds
2.2%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
25
Reduced
30
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$5.87M
2
EVM
Eaton Vance Management
Massachusetts
+$5.31M
3
RVPG
Relative Value Partners Group
+$5.17M
4
Bank of America
Bank of America
North Carolina
+$2.97M
5
FIMG
Financial & Investment Management Group
Michigan
+$1.13M

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$1.77M
2
BlackRock
BlackRock
New York
-$1.08M
3
RCM
Robinson Capital Management
Michigan
-$995K
4
Morgan Stanley
Morgan Stanley
New York
-$803K
5
OFG
OTA Financial Group
New York
-$778K
Name Holding Trade Value Shares
Change 		Change in
Stake
JIP
51
Jaffetilchin Investment Partners
Florida
$198K +$100K +9,754 +106%
CL
52
CPWM LLC
Washington
$194K +$2.44K +238 +1%
PCM
53
Penserra Capital Management
California
$182K +$55.9K +5,443 +45%
FAAS
54
First Allied Advisory Services
California
$180K -$18.9K -1,838 -10%
AG
55
Advisor Group
Arizona
$168K -$31K -3,022 -16%
PAS
56
Park Avenue Securities
New York
$168K +$85K +8,282 +104%
Lido Advisors
57
Lido Advisors
California
$140K +$78K +7,599 +128%
DA
58
Doliver Advisors
Texas
$122K -$340K -33,128 -74%
EVC
59
Eidelman Virant Capital
Missouri
$104K -$92.4K -9,000 -90%
WA
60
WealthTrust Axiom
Pennsylvania
$95K -$513 -50 -0.5%
HWA
61
HCR Wealth Advisors
California
$88K -$28.2K -2,750 -25%
IP
62
Investment Partners
Ohio
$87K – – –
CF
63
Copperwynd Financial
Arizona
$78K – – –
Neuberger Berman Group
64
Neuberger Berman Group
New York
$76K – – –
TSS
65
Two Sigma Securities
New York
$75K -$76.7K -7,468 -51%
WT
66
Whittier Trust
California
$73K – – –
Susquehanna International Group
67
Susquehanna International Group
Pennsylvania
$66K -$46.7K -4,550 -42%
SMH
68
Sanders Morris Harris
Texas
$65K – – –
Creative Planning
69
Creative Planning
Kansas
$60K +$2.57K +250 +5%
PP
70
Prudential plc
United Kingdom
$57K – – –
SP
71
Successful Portfolios
Florida
$52K -$2.57K -250 -5%
PA
72
Perennial Advisors
New York
$52K – – –
GI
73
Gradient Investments
Minnesota
$51K – – –
LNB
74
Ledyard National Bank
$39K – – –
IA
75
IFP Advisors
Florida
$38K – – –
1 2
3
4 5

BRW Hedge Fund Activity: Q1 2018 in Review

96 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2018, worth a combined $252M — up 9.7% from $230M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of BRW and 8 opened new positions — a net loss of 16 holders — while 30 trimmed existing stakes and 25 added.

The largest buyer was Sit Investment Associates, adding an estimated $5.87M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.77M sold.

  • 96 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2018, down from 113 in Q4 2017.
  • Funds reported $252M of Saba Capital Income & Opportunities Fund stock for Q1 2018, up 9.7% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2018 and 24 closed out, a net change of -16 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2018 was Sit Investment Associates, an estimated $5.87M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2018 was Wolverine Asset Management, an estimated $1.77M sold.

Based on aggregated 13F filings for Q1 2018.