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BRW

Saba Capital Income & Opportunities Fund
BRW

119 hedge funds and large institutions have $239M invested in Saba Capital Income & Opportunities Fund in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 29 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more funds holding in top 10

Funds holding in top 10: 1 → 6 (+5)

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

3% more funds holding

Funds holding: 115 → 119 (+4)

2.15% more ownership

Funds ownership: 16.82% → 18.97% (+2.1%)

5% less capital invested

Capital invested by funds: $251M → $239M (-$12.1M)

22% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 37

Holders
119
Holders Change
+4
Holders Change %
+3.48%
% of All Funds
2.65%
Holding in Top 10
6
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+500%
% of All Funds
0.13%
New
21
Increased
29
Reduced
37
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$10.9M
2
SCM
Saba Capital Management
New York
+$10.9M
3
OHA
Oak Hill Advisors
New York
+$8.77M
4
CRC
Curi RMB Capital
Illinois
+$3.92M
5
PPA
Parametric Portfolio Associates
Washington
+$2.77M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$7.62M
2
CWM
Cornerstone Wealth Management
Missouri
-$3.94M
3
NMC
Nine Masts Capital
Hong Kong
-$2.76M
4
Bessemer Group
Bessemer Group
New Jersey
-$2.47M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$2.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
51
Weiss Asset Management
Massachusetts
$248K +$263K +27,616 New
NAM
52
NTV Asset Management
West Virginia
$240K -$76.2K -8,000 -23%
AFP
53
Ausdal Financial Partners
Iowa
$240K +$476 +50 +0.2%
Envestnet Asset Management
54
Envestnet Asset Management
Illinois
$237K -$819K -85,990 -77%
JIP
55
Jaffetilchin Investment Partners
Florida
$227K -$153K -16,059 -39%
WS
56
Wedbush Securities
California
$227K -$26.2K -2,750 -10%
PAS
57
Park Avenue Securities
New York
$212K +$6.78K +712 +3%
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$186K +$190K +20,000 +3,263%
CL
59
CPWM LLC
Washington
$184K +$12.3K +1,297 +7%
KA
60
Klingman & Associates
New York
$171K +$181K +19,000 New
LPL Financial
61
LPL Financial
California
$157K -$23.5K -2,471 -12%
Commonwealth Equity Services
62
Commonwealth Equity Services
Massachusetts
$143K -$29.8K -3,132 -16%
TSS
63
Two Sigma Securities
New York
$141K -$61.8K -6,494 -29%
Royal Bank of Canada
64
Royal Bank of Canada
Ontario, Canada
$135K -$728K -76,490 -84%
EPA
65
Element Pointe Advisors
Florida
$128K +$136K +14,300 New
Jane Street
66
Jane Street
New York
$123K +$130K +13,644 New
AG
67
Advisor Group
Arizona
$116K -$7.58K -796 -6%
BBPWM
68
Blue Bell Private Wealth Management
Pennsylvania
$106K -$3.9K -410 -3%
FAAS
69
First Allied Advisory Services
California
$104K -$47.5K -4,985 -30%
P
70
&Partners
Tennessee
$100K +$106K +11,150 New
AGM
71
Alpine Global Management
New York
$99K +$105K +11,036 New
GIP
72
Greatmark Investment Partners
Georgia
$94K – – –
Northern Trust
73
Northern Trust
Illinois
$90K +$95.2K +10,000 New
UCFA
74
United Capital Financial Advisors
Texas
$89K -$1.01M -105,970 -91%
Citadel Advisors
75
Citadel Advisors
Florida
$86K +$91.2K +9,577 New
1 2
3
4 5

BRW Hedge Fund Activity: Q4 2018 in Review

119 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2018, worth a combined $239M — down 4.8% from $251M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BRW positions and 16 closed out — a net gain of 5 holders — while 29 added to existing stakes and 37 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.9M. The largest seller was Morgan Stanley, cutting an estimated $7.62M.

  • 119 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2018, up from 115 in Q3 2018.
  • Funds reported $239M of Saba Capital Income & Opportunities Fund stock for Q4 2018, down 4.8% quarter-over-quarter.
  • 21 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2018 and 16 closed out, a net change of +5 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $10.9M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2018 was Morgan Stanley, an estimated $7.62M sold.

Based on aggregated 13F filings for Q4 2018.