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BRW

Saba Capital Income & Opportunities Fund
BRW

61 hedge funds and large institutions have $126M invested in Saba Capital Income & Opportunities Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.22% less ownership

Funds ownership: 40.64% → 38.42% (-2.2%)

8% less funds holding

Funds holding: 66 → 61 (-5)

10% less capital invested

Capital invested by funds: $141M → $126M (-$14.6M)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
61
Holders Change
-5
Holders Change %
-7.58%
% of All Funds
0.96%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
7
Increased
16
Reduced
19
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AGM
Alpine Global Management
New York
+$866K
2
LPL Financial
LPL Financial
California
+$635K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$584K
4
SC
Scotia Capital
Ontario, Canada
+$405K
5
CPIG
Chicago Partners Investment Group
Illinois
+$241K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$3.19M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$2.67M
3
BI
Bulldog Investors
New Jersey
-$1.24M
4
Morgan Stanley
Morgan Stanley
New York
-$1.06M
5
Invesco
Invesco
Georgia
-$416K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
51
Wolverine Asset Management
Illinois
$24.9K +$25.7K +3,239 New
RCM
52
Raleigh Capital Management
North Carolina
$13.1K +$2.22K +280 +20%
CAL
53
Capital Advisors Ltd
Ohio
$12K – – –
PNC Financial Services Group
54
PNC Financial Services Group
Pennsylvania
$10.5K +$10.8K +1,362 New
TCOV
55
Trust Company of Vermont
Vermont
$10K – – –
BAM
56
Bellevue Asset Management
Washington
$3.23K +$3.34K +420 New
SPIA
57
Steward Partners Investment Advisory
New York
$3.08K – – –
IRC
58
Investors Research Corp
Georgia
$2.98K – – –
GRP
59
Global Retirement Partners
California
$1.44K – – –
NSIM
60
North Star Investment Management
Illinois
$1.19K – – –
TFA
61
Toth Financial Advisory
Virginia
$963 +$993 +125 New
WIM
62
Westside Investment Management
California
$770 – – –
IP
63
Investment Partners
Ohio
– -$328K -40,214 Closed
CCP
64
Clough Capital Partners
Massachusetts
– -$267K -32,754 Closed
Cambridge Investment Research Advisors
65
Cambridge Investment Research Advisors
Iowa
– -$217K -26,592 Closed
ICMP
66
Integrated Capital Management (Pennsylvania)
Pennsylvania
– -$154K -17,989 Closed
CIA
67
Capital Investment Advisors
Georgia
– -$125K -15,295 Closed
WS
68
Wedbush Securities
California
– -$112K -13,723 Closed
HF
69
HRT Financial
New York
– -$106K -13,071 Closed
AAS
70
Ameritas Advisory Services
Nebraska
– -$14.3K -1,750 Closed
BC
71
Barrett & Company
Rhode Island
– -$11.2K -1,375 Closed
LC
72
Lindbrook Capital
California
– -$7.94K -1,000 Closed
1 2
3

BRW Hedge Fund Activity: Q2 2023 in Review

61 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2023, worth a combined $126M — down 10% from $141M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BRW and 7 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 16 added.

The largest buyer was Alpine Global Management, opening a new position worth an estimated $866K. The largest seller was Saba Capital Management, cutting an estimated $3.19M.

  • 61 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2023, down from 66 in Q1 2023.
  • Funds reported $126M of Saba Capital Income & Opportunities Fund stock for Q2 2023, down 10% quarter-over-quarter.
  • 7 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2023 and 11 closed out, a net change of -4 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2023 was Alpine Global Management, an estimated $866K added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2023 was Saba Capital Management, an estimated $3.19M sold.

Based on aggregated 13F filings for Q2 2023.