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BRW

Saba Capital Income & Opportunities Fund
BRW

70 hedge funds and large institutions have $99.2M invested in Saba Capital Income & Opportunities Fund in 2024 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more capital invested

Capital invested by funds: $72.6M → $99.2M (+$26.6M)

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

6.53% more ownership

Funds ownership: 24.21% → 30.74% (+6.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less funds holding

Funds holding: 72 → 70 (-2)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

Holders
70
Holders Change
-2
Holders Change %
-2.78%
% of All Funds
1.01%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
8
Increased
23
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$18M
2
PCM
Penserra Capital Management
California
+$8.8M
3
MG
Marex Group
+$1.09M
4
Morgan Stanley
Morgan Stanley
New York
+$631K
5
Invesco
Invesco
Georgia
+$569K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$4.62M
2
MC
Meteora Capital
Florida
-$1.28M
3
RCM
Rivernorth Capital Management
Florida
-$1.04M
4
BFM
Boothbay Fund Management
New York
-$1.02M
5
AIA
Absolute Investment Advisers
Florida
-$873K
Name Holding Trade Value Shares
Change 		Change in
Stake
APG
51
Abacus Planning Group
South Carolina
$95.2K – – –
MCM
52
MAI Capital Management
Ohio
$88.5K +$350 +48 +0.4%
KAS
53
Kestra Advisory Services
Texas
$87K +$7.3K +1,000 +10%
CIA
54
Capital Investment Advisors
Georgia
$86.5K +$2.01K +276 +2%
WWM
55
Western Wealth Management
Colorado
$76.4K -$3.28K -450 -4%
GI
56
GAMCO Investors
Connecticut
$75.9K +$73K +10,000 New
CFD
57
Creative Financial Designs
Indiana
$73.6K +$70.8K +9,700 New
WC
58
Winmill & Co
New York
$27.3K – – –
CA
59
Clearstead Advisors
Ohio
$22.8K – – –
RCM
60
Raleigh Capital Management
North Carolina
$18.2K – – –
CAL
61
Capital Advisors Ltd
Ohio
$12K – – –
Bessemer Group
62
Bessemer Group
New Jersey
$11K +$10.3K +1,414 New
TCOV
63
Trust Company of Vermont
Vermont
$9.87K – – –
BAM
64
Bellevue Asset Management
Washington
$3.19K – – –
SPIA
65
Steward Partners Investment Advisory
New York
$3.04K – – –
IRC
66
Investors Research Corp
Georgia
$2.94K – – –
GRP
67
Global Retirement Partners
California
$1.42K – – –
NSIM
68
North Star Investment Management
Illinois
$1.18K – – –
WIM
69
Westside Investment Management
California
$759 – – –
Wells Fargo
70
Wells Fargo
California
$11 -$26.9K -3,688 -100%
HNB
71
Huntington National Bank
Ohio
$6 – – –
MC
72
Meteora Capital
Florida
– -$1.28M -181,679 Closed
BFM
73
Boothbay Fund Management
New York
– -$1.02M -144,433 Closed
AIA
74
Absolute Investment Advisers
Florida
– -$873K -124,070 Closed
QL
75
Quarry LP
New York
– -$542K -76,930 Closed
1 2
3
4

BRW Hedge Fund Activity: Q3 2024 in Review

70 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2024, worth a combined $99.2M — up 37% from $72.6M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BRW and 8 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 23 added.

The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $18M. The largest seller was Saba Capital Management, cutting an estimated $4.62M.

  • 70 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2024, down from 72 in Q2 2024.
  • Funds reported $99.2M of Saba Capital Income & Opportunities Fund stock for Q3 2024, up 37% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2024 and 10 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2024 was Kovitz Investment Group Partners, an estimated $18M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2024 was Saba Capital Management, an estimated $4.62M sold.

Based on aggregated 13F filings for Q3 2024.