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BRW

Saba Capital Income & Opportunities Fund

81 hedge funds and large institutions have $172M invested in Saba Capital Income & Opportunities Fund in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 40 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

0% more funds holding

Funds holding: 8181 (0)

11.79% less ownership

Funds ownership: 27.41%15.61% (-12%)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

45% less capital invested

Capital invested by funds: $314M → $172M (-$141M)

58% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 40

Holders
81
Holders Change
Holders Change %
0%
% of All Funds
1.42%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
12
Increased
17
Reduced
40
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
WS
51
Wedbush Securities
California
$127K +$129K +14,006 New
Commonwealth Equity Services
52
Commonwealth Equity Services
Massachusetts
$126K -$18.5K -2,011 -13%
MAFM
53
Mid Atlantic Financial Management
Pennsylvania
$125K +$2.13K +232 +2%
D.E. Shaw & Co
54
D.E. Shaw & Co
New York
$114K
KAS
55
Kestra Advisory Services
Texas
$112K +$113K +12,342 New
KPWS
56
Kestra Private Wealth Services
Texas
$110K +$2.19K +238 +2%
AFG
57
Affinia Financial Group
Massachusetts
$105K
LWP
58
Lumature Wealth Partners
Georgia
$77K
BA
59
Bridgewater Advisors
New York
$75K
OC
60
Oppenheimer & Co
New York
$70K -$44.1K -4,804 -38%
AFP
61
Ausdal Financial Partners
Iowa
$64K
Susquehanna International Group
62
Susquehanna International Group
Pennsylvania
$59K -$50.5K -5,496 -46%
AAS
63
Avantax Advisory Services
Texas
$59K +$59.9K +6,519 New
SI
64
Stephens Inc
Arkansas
$56K -$8.87K -965 -14%
HighTower Advisors
65
HighTower Advisors
Illinois
$55K -$42.7K -4,645 -43%
PA
66
Perennial Advisors
New York
$55K +$1.18K +128 +2%
LA
67
Latitude Advisors
Florida
$52K +$52.9K +5,760 New
Neuberger Berman Group
68
Neuberger Berman Group
New York
$49K -$10.4K -1,134 -17%
CAL
69
Capital Advisors Ltd
Ohio
$15K
FIA
70
FNY Investment Advisers
New York
$11K -$47.2K -5,138 -80%
FCM
71
Firestone Capital Management
Florida
$9K
Jones Financial Companies
72
Jones Financial Companies
Missouri
$9K +$9.34K +1,017 New
SPIA
73
Steward Partners Investment Advisory
New York
$8K
BWM
74
Baystate Wealth Management
Massachusetts
$7K +$6.71K +730 New
PCG
75
Private Capital Group
Connecticut
$6K

BRW Hedge Fund Activity: Q3 2021 in Review

81 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2021, worth a combined $172M — down 45% from $314M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BRW positions and 11 closed out — a net gain of 1 holder — while 17 added to existing stakes and 40 trimmed.

The largest buyer was 6 Meridian, opening a new position worth an estimated $620K. The largest seller was Saba Capital Management, cutting an estimated $69.3M.

  • 81 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2021, unchanged from Q2 2021.
  • Funds reported $172M of Saba Capital Income & Opportunities Fund stock for Q3 2021, down 45% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2021 and 11 closed out, a net change of +1 holder.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2021 was 6 Meridian, an estimated $620K added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2021 was Saba Capital Management, an estimated $69.3M sold.

Based on aggregated 13F filings for Q3 2021.