Saba Capital Income & Opportunities Fund
BRW
92 hedge funds and large institutions have $352M invested in Saba Capital Income & Opportunities Fund in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 10 closing their positions.
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
11% more capital invested
Capital invested by funds: $317M → $352M (+$35.2M)
8% more funds holding
Funds holding: 85 → 92 (+7)
0.61% more ownership
Funds ownership: 22.24% → 22.85% (+0.61%)
4% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$9.17M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$6.35M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.98M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.02M |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$3.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$9.23M |
| 2 |
Morgan Stanley
New York
|
-$4.85M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$4.52M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$444K |
BRW Hedge Fund Activity: Q3 2020 in Review
92 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2020, worth a combined $352M — up 11% from $317M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BRW positions and 10 closed out — a net gain of 7 holders — while 23 added to existing stakes and 24 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $9.17M. The largest seller was Invesco, cutting an estimated $9.23M.
- 92 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2020, up from 85 in Q2 2020.
- Funds reported $352M of Saba Capital Income & Opportunities Fund stock for Q3 2020, up 11% quarter-over-quarter.
- 17 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2020 and 10 closed out, a net change of +7 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2020 was Bulldog Investors, an estimated $9.17M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2020 was Invesco, an estimated $9.23M sold.
Based on aggregated 13F filings for Q3 2020.