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BRW

Saba Capital Income & Opportunities Fund

110 hedge funds and large institutions have $231M invested in Saba Capital Income & Opportunities Fund in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 23 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 23

3% less funds holding

Funds holding: 113110 (-3)

3.06% less ownership

Funds ownership: 19.23%16.17% (-3.1%)

12% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 17

15% less capital invested

Capital invested by funds: $272M → $231M (-$40.7M)

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

Holders
110
Holders Change
-3
Holders Change %
-2.65%
% of All Funds
2.39%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.09%
New
15
Increased
38
Reduced
23
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Lido Advisors
51
Lido Advisors
California
$208K -$13.5K -1,404 -6%
JIP
52
Jaffetilchin Investment Partners
Florida
$205K -$28.9K -3,010 -12%
PNC Financial Services Group
53
PNC Financial Services Group
Pennsylvania
$196K
CL
54
CPWM LLC
Washington
$193K +$3.26K +340 +2%
Mercer Global Advisors
55
Mercer Global Advisors
Colorado
$177K +$87.8K +9,147 +97%
AG
56
Advisor Group
Arizona
$152K +$21.7K +2,257 +17%
EPA
57
Element Pointe Advisors
Florida
$140K
Millennium Management
58
Millennium Management
New York
$140K +$89.8K +9,360 +175%
Commonwealth Equity Services
59
Commonwealth Equity Services
Massachusetts
$133K +$537 +56 +0.4%
DA
60
Doliver Advisors
Texas
$117K +$18.2K +1,894 +18%
Walleye Capital
61
Walleye Capital
New York
$109K +$110K +11,500 New
LPL Financial
62
LPL Financial
California
$103K -$80.3K -8,371 -44%
BBPWM
63
Blue Bell Private Wealth Management
Pennsylvania
$101K -$3.84K -400 -4%
GIP
64
Greatmark Investment Partners
Georgia
$100K
DAS
65
Dynamic Advisor Solutions
Arizona
$95K -$3.19K -332 -3%
EVC
66
Eidelman Virant Capital
Missouri
$90K +$91.2K +9,500 New
UCFA
67
United Capital Financial Advisors
Texas
$89K -$5.78K -602 -6%
CAN
68
Cetera Advisor Networks
California
$84K -$6K -625 -7%
IP
69
Investment Partners
Ohio
$80K
Neuberger Berman Group
70
Neuberger Berman Group
New York
$78K +$8.16K +850 +12%
SI
71
Stephens Inc
Arkansas
$75K
AC
72
Almitas Capital
California
$75K +$75.4K +7,854 New
PA
73
Pinnacle Associates
New York
$69K +$537 +56 +0.8%
WA
74
WealthTrust Axiom
Pennsylvania
$68K
WT
75
Whittier Trust
California
$67K

BRW Hedge Fund Activity: Q2 2019 in Review

110 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2019, worth a combined $231M — down 15% from $272M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BRW and 15 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 38 added.

The largest buyer was Saba Capital Management, adding an estimated $9.91M. The largest seller was Amundi Asset Management US, exiting entirely with an estimated $17.2M sold.

  • 110 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2019, down from 113 in Q1 2019.
  • Funds reported $231M of Saba Capital Income & Opportunities Fund stock for Q2 2019, down 15% quarter-over-quarter.
  • 15 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2019 and 17 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2019 was Saba Capital Management, an estimated $9.91M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2019 was Amundi Asset Management US, an estimated $17.2M sold.

Based on aggregated 13F filings for Q2 2019.