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BRW

Saba Capital Income & Opportunities Fund
BRW

115 hedge funds and large institutions have $251M invested in Saba Capital Income & Opportunities Fund in 2018 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 30 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 9

15% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 26

14% more funds holding

Funds holding: 101 → 115 (+14)

3% more capital invested

Capital invested by funds: $244M → $251M (+$7.08M)

0.5% more ownership

Funds ownership: 16.33% → 16.82% (+0.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
115
Holders Change
+14
Holders Change %
+13.86%
% of All Funds
2.63%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
23
Increased
30
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$23.1M
2
AAMU
Amundi Asset Management US
Massachusetts
+$6.11M
3
NMC
Nine Masts Capital
Hong Kong
+$2.04M
4
CRC
Curi RMB Capital
Illinois
+$1.99M
5
RVPG
Relative Value Partners Group
+$1.9M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$23.7M
2
Morgan Stanley
Morgan Stanley
New York
-$6.25M
3
SIA
Sit Investment Associates
Minnesota
-$5.44M
4
Bessemer Group
Bessemer Group
New Jersey
-$3.17M
5
ICM
Ionic Capital Management
New York
-$436K
Name Holding Trade Value Shares
Change 		Change in
Stake
NAM
51
NTV Asset Management
West Virginia
$346K – – –
CIA
52
Capital Investment Advisors
Georgia
$322K -$16.5K -1,658 -5%
Lido Advisors
53
Lido Advisors
California
$313K +$86.4K +8,676 +38%
G
54
GenTrust
Florida
$307K -$54.3K -5,447 -15%
Millennium Management
55
Millennium Management
New York
$286K +$287K +28,760 New
WS
56
Wedbush Securities
California
$279K -$62.2K -6,241 -18%
Walleye Trading
57
Walleye Trading
New York
$274K – – –
AFP
58
Ausdal Financial Partners
Iowa
$265K +$1.99K +200 +0.8%
TSS
59
Two Sigma Securities
New York
$221K +$88.3K +8,863 +66%
PAS
60
Park Avenue Securities
New York
$217K +$28.2K +2,832 +15%
LPL Financial
61
LPL Financial
California
$199K -$10.1K -1,010 -5%
CL
62
CPWM LLC
Washington
$191K +$2.8K +281 +1%
Commonwealth Equity Services
63
Commonwealth Equity Services
Massachusetts
$190K -$7.92K -795 -4%
CAN
64
Cetera Advisor Networks
California
$183K +$183K +18,386 New
PCM
65
Penserra Capital Management
California
$174K -$58.3K -5,853 -25%
FAAS
66
First Allied Advisory Services
California
$169K -$4.85K -487 -3%
LCM
67
Landscape Capital Management
New Jersey
$153K +$153K +15,392 New
AG
68
Advisor Group
Arizona
$136K – – –
BBPWM
69
Blue Bell Private Wealth Management
Pennsylvania
$122K – – –
Walleye Capital
70
Walleye Capital
New York
$120K +$120K +12,050 New
GIP
71
Greatmark Investment Partners
Georgia
$104K – – –
EVC
72
Eidelman Virant Capital
Missouri
$99K – – –
SI
73
Stephens Inc
Arkansas
$95K – – –
CF
74
Copperwynd Financial
Arizona
$89K +$14.5K +1,460 +20%
HWA
75
HCR Wealth Advisors
California
$82K +$83.7K +8,398 New
1 2
3
4 5

BRW Hedge Fund Activity: Q3 2018 in Review

115 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2018, worth a combined $251M — up 2.9% from $244M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new BRW positions and 9 closed out — a net gain of 14 holders — while 30 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $23.1M. The largest seller was Baillie Gifford & Co, cutting an estimated $23.7M.

  • 115 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2018, up from 101 in Q2 2018.
  • Funds reported $251M of Saba Capital Income & Opportunities Fund stock for Q3 2018, up 2.9% quarter-over-quarter.
  • 23 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2018 and 9 closed out, a net change of +14 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2018 was Saba Capital Management, an estimated $23.1M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2018 was Baillie Gifford & Co, an estimated $23.7M sold.

Based on aggregated 13F filings for Q3 2018.