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BRW

Saba Capital Income & Opportunities Fund
BRW

81 hedge funds and large institutions have $314M invested in Saba Capital Income & Opportunities Fund in 2021 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.34% more ownership

Funds ownership: 23.07% → 27.41% (+4.3%)

3% more capital invested

Capital invested by funds: $305M → $314M (+$8.35M)

5% less funds holding

Funds holding: 85 → 81 (-4)

14% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 22

18% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 22

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
81
Holders Change
-4
Holders Change %
-4.71%
% of All Funds
1.41%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
18
Increased
19
Reduced
22
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$10.9M
2
COLIM
City of London Investment Management
United Kingdom
+$6.2M
3
CCP
Clough Capital Partners
Massachusetts
+$4.47M
4
CL
CSS LLC
Illinois
+$3.17M
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2.68M

Top Sellers

Rank Fund Capital Flow
1
ISSM
Invesco Senior Secured Management
New York
-$9.41M
2
SCM
Saba Capital Management
New York
-$6.29M
3
KKRC
Kohlberg Kravis Roberts & Co
New York
-$5.48M
4
Morgan Stanley
Morgan Stanley
New York
-$4.68M
5
BFM
Boothbay Fund Management
New York
-$2.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
ICMP
51
Integrated Capital Management (Pennsylvania)
Pennsylvania
$162K +$21.6K +2,330 +16%
Commonwealth Equity Services
52
Commonwealth Equity Services
Massachusetts
$149K -$58.6K -6,319 -28%
Bank of New York Mellon
53
Bank of New York Mellon
New York
$132K +$130K +14,042 New
TF
54
Trek Financial
Arizona
$129K +$126K +13,642 New
MAFM
55
Mid Atlantic Financial Management
Pennsylvania
$127K +$125K +13,474 New
Kovitz Investment Group Partners
56
Kovitz Investment Group Partners
Illinois
$124K +$122K +13,117 New
OC
57
Oppenheimer & Co
New York
$118K -$97.8K -10,556 -46%
D.E. Shaw & Co
58
D.E. Shaw & Co
New York
$118K – – –
Susquehanna International Group
59
Susquehanna International Group
Pennsylvania
$113K -$816 -88 -0.7%
KPWS
60
Kestra Private Wealth Services
Texas
$112K -$81.4K -8,782 -43%
AFG
61
Affinia Financial Group
Massachusetts
$103K – – –
HighTower Advisors
62
HighTower Advisors
Illinois
$102K +$8.29K +894 +9%
KOMWMG
63
Kerntke Otto McGlone Wealth Management Group
Wisconsin
$94K – – –
LWP
64
Lumature Wealth Partners
Georgia
$80K -$5.56K -600 -7%
BA
65
Bridgewater Advisors
New York
$77K +$76.2K +8,220 New
SI
66
Stephens Inc
Arkansas
$67K -$7.01K -756 -10%
AFP
67
Ausdal Financial Partners
Iowa
$66K – – –
Neuberger Berman Group
68
Neuberger Berman Group
New York
$61K – – –
FIA
69
FNY Investment Advisers
New York
$60K -$401K -43,294 -87%
Bank of Montreal
70
Bank of Montreal
Ontario, Canada
$56K +$52.2K +5,632 New
PA
71
Perennial Advisors
New York
$55K +$297 +32 +0.5%
CAL
72
Capital Advisors Ltd
Ohio
$15K – – –
NFSG
73
Newbridge Financial Services Group
Florida
$13K – – –
FCM
74
Firestone Capital Management
Florida
$9K – – –
SPIA
75
Steward Partners Investment Advisory
New York
$8K – – –
1 2
3
4 5

BRW Hedge Fund Activity: Q2 2021 in Review

81 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2021, worth a combined $314M — up 2.7% from $305M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of BRW and 18 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 19 added.

The largest buyer was Relative Value Partners Group, adding an estimated $10.9M. The largest seller was Invesco Senior Secured Management, exiting entirely with an estimated $9.41M sold.

  • 81 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2021, down from 85 in Q1 2021.
  • Funds reported $314M of Saba Capital Income & Opportunities Fund stock for Q2 2021, up 2.7% quarter-over-quarter.
  • 18 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2021 and 22 closed out, a net change of -4 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2021 was Relative Value Partners Group, an estimated $10.9M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2021 was Invesco Senior Secured Management, an estimated $9.41M sold.

Based on aggregated 13F filings for Q2 2021.