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BRW

Saba Capital Income & Opportunities Fund
BRW

76 hedge funds and large institutions have $125M invested in Saba Capital Income & Opportunities Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 5

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

12% more funds holding

Funds holding: 68 → 76 (+8)

6% more capital invested

Capital invested by funds: $118M → $125M (+$6.79M)

1.91% more ownership

Funds ownership: 36.25% → 38.16% (+1.9%)

22% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 23

Holders
76
Holders Change
+8
Holders Change %
+11.76%
% of All Funds
1.11%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
13
Increased
18
Reduced
23
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.73M
2
RVPG
Relative Value Partners Group
+$1.28M
3
RCM
Rivernorth Capital Management
Florida
+$894K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$659K
5
AGM
Alpine Global Management
New York
+$611K

Top Sellers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
-$3.61M
2
SCM
Saba Capital Management
New York
-$2.53M
3
QL
Quarry LP
New York
-$985K
4
BI
Bulldog Investors
New Jersey
-$632K
5
TJHA
Thomas J. Herzfeld Advisors
Florida
-$364K
Name Holding Trade Value Shares
Change 		Change in
Stake
FM
51
Family Management
New York
$111K -$10.6K -1,389 -9%
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$107K +$106K +13,860 New
IP
53
Ignite Planners
California
$97.8K -$37.1K -4,868 -28%
APG
54
Abacus Planning Group
South Carolina
$96.7K – – –
Nomura Holdings
55
Nomura Holdings
Japan
$90.9K +$89.8K +11,794 New
MCM
56
MAI Capital Management
Ohio
$90.5K +$883 +116 +1%
AWM
57
Apollon Wealth Management
South Carolina
$87.4K – – –
WWM
58
Western Wealth Management
Colorado
$86.9K -$35.8K -4,695 -29%
Qube Research & Technologies (QRT)
59
Qube Research & Technologies (QRT)
United Kingdom
$39.7K – – –
WC
60
Winmill & Co
New York
$27.8K – – –
Wells Fargo
61
Wells Fargo
California
$21.7K +$15K +1,969 +234%
RCM
62
Raleigh Capital Management
North Carolina
$16.2K +$2.29K +300 +17%
CAL
63
Capital Advisors Ltd
Ohio
$13K – – –
TCOV
64
Trust Company of Vermont
Vermont
$10K – – –
BWM
65
Baystate Wealth Management
Massachusetts
$5.91K +$5.83K +766 New
TC
66
Truvestments Capital
Florida
$5.78K +$5.71K +750 New
GI
67
Gradient Investments
Minnesota
$3.85K +$3.81K +500 New
MSWM
68
McGlone Suttner Wealth Management
Wisconsin
$3.65K +$3.61K +474 New
BAM
69
Bellevue Asset Management
Washington
$3.24K – – –
SPIA
70
Steward Partners Investment Advisory
New York
$3.08K – – –
IRC
71
Investors Research Corp
Georgia
$2.98K – – –
FFA
72
Farther Finance Advisors
California
$2K +$1.98K +260 New
GRP
73
Global Retirement Partners
California
$1.39K – – –
NSIM
74
North Star Investment Management
Illinois
$1.2K – – –
TFA
75
Toth Financial Advisory
Virginia
$964 – – –
1 2
3
4

BRW Hedge Fund Activity: Q4 2023 in Review

76 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2023, worth a combined $125M — up 5.7% from $118M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BRW positions and 5 closed out — a net gain of 8 holders — while 18 added to existing stakes and 23 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $4.73M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $3.61M sold.

  • 76 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2023, up from 68 in Q3 2023.
  • Funds reported $125M of Saba Capital Income & Opportunities Fund stock for Q4 2023, up 5.7% quarter-over-quarter.
  • 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2023 and 5 closed out, a net change of +8 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2023 was Morgan Stanley, an estimated $4.73M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2023 was Clough Capital Partners, an estimated $3.61M sold.

Based on aggregated 13F filings for Q4 2023.