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BRW

Saba Capital Income & Opportunities Fund
BRW

68 hedge funds and large institutions have $118M invested in Saba Capital Income & Opportunities Fund in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

11% more funds holding

Funds holding: 61 → 68 (+7)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.17% less ownership

Funds ownership: 38.42% → 36.25% (-2.2%)

6% less capital invested

Capital invested by funds: $126M → $118M (-$7.76M)

10% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 20

Holders
68
Holders Change
+7
Holders Change %
+11.48%
% of All Funds
1.08%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
18
Reduced
20
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
+$3.67M
2
MC
Meteora Capital
Florida
+$1.35M
3
BFM
Boothbay Fund Management
New York
+$1.16M
4
RCM
Rivernorth Capital Management
Florida
+$1.02M
5
QL
Quarry LP
New York
+$1M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$7.8M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$5.21M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.85M
4
BI
Bulldog Investors
New Jersey
-$822K
5
Morgan Stanley
Morgan Stanley
New York
-$699K
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
51
MAI Capital Management
Ohio
$89.2K +$90.8K +11,621 New
AWM
52
Apollon Wealth Management
South Carolina
$87K – – –
LCM
53
Landscape Capital Management
New Jersey
$77.4K +$78.8K +10,083 New
Qube Research & Technologies (QRT)
54
Qube Research & Technologies (QRT)
United Kingdom
$39.5K +$40.2K +5,149 New
WC
55
Winmill & Co
New York
$27.6K – – –
SCA
56
Stonebridge Capital Advisors
Minnesota
$20.2K +$20.5K +2,627 New
RCM
57
Raleigh Capital Management
North Carolina
$13.8K +$781 +100 +6%
CAL
58
Capital Advisors Ltd
Ohio
$12K – – –
TCOV
59
Trust Company of Vermont
Vermont
$9.98K – – –
EC
60
Elequin Capital
New York
$7.68K +$7.81K +1,000 New
Wells Fargo
61
Wells Fargo
California
$6.46K -$128K -16,342 -95%
BAM
62
Bellevue Asset Management
Washington
$3.23K – – –
SPIA
63
Steward Partners Investment Advisory
New York
$3.07K – – –
IRC
64
Investors Research Corp
Georgia
$2.97K – – –
GRP
65
Global Retirement Partners
California
$1.43K – – –
NSIM
66
North Star Investment Management
Illinois
$1.19K – – –
TFA
67
Toth Financial Advisory
Virginia
$960 – – –
WIM
68
Westside Investment Management
California
$768 – – –
HNB
69
Huntington National Bank
Ohio
$6 – – –
Rockefeller Capital Management
70
Rockefeller Capital Management
New York
– -$140K -18,146 Closed
WAM
71
Wolverine Asset Management
Illinois
– -$24.9K -3,239 Closed
PNC Financial Services Group
72
PNC Financial Services Group
Pennsylvania
– -$10.5K -1,362 Closed
1 2
3

BRW Hedge Fund Activity: Q3 2023 in Review

68 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2023, worth a combined $118M — down 6.2% from $126M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BRW positions and 3 closed out — a net gain of 8 holders — while 18 added to existing stakes and 20 trimmed.

The largest buyer was Clough Capital Partners, opening a new position worth an estimated $3.67M. The largest seller was Saba Capital Management, cutting an estimated $7.8M.

  • 68 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2023, up from 61 in Q2 2023.
  • Funds reported $118M of Saba Capital Income & Opportunities Fund stock for Q3 2023, down 6.2% quarter-over-quarter.
  • 11 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2023 and 3 closed out, a net change of +8 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2023 was Clough Capital Partners, an estimated $3.67M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2023 was Saba Capital Management, an estimated $7.8M sold.

Based on aggregated 13F filings for Q3 2023.