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BRW

Saba Capital Income & Opportunities Fund
BRW

93 hedge funds and large institutions have $99.6M invested in Saba Capital Income & Opportunities Fund in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 10

102.1% more ownership

Funds ownership: 28.25% → 130.35% (+102%)

45% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 20

16% more funds holding

Funds holding: 80 → 93 (+13)

3% more capital invested

Capital invested by funds: $96.9M → $99.6M (+$2.73M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
93
Holders Change
+13
Holders Change %
+16.25%
% of All Funds
1.22%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
23
Increased
29
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GP
Gridiron Partners
Pennsylvania
+$350M
2
PCM
Penserra Capital Management
California
+$9.62M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$5.99M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$5.41M
5
SMA
Seven Mile Advisory
New Jersey
+$5.01M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$12.3M
2
AIA
Absolute Investment Advisers
Florida
-$5.36M
3
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$3.48M
4
ISSM
Invesco Senior Secured Management
New York
-$3.19M
5
QL
Quarry LP
New York
-$1.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
51
Commonwealth Equity Services
Massachusetts
$229K +$19K +2,312 +8%
PA
52
Parallel Advisors
California
$187K +$39.6K +4,820 +25%
GP
53
Gridiron Partners
Pennsylvania
$175K +$350M +42,608,346 +188,699%
WCMNY
54
Westchester Capital Management (New York)
New York
$174K -$184K -22,345 -50%
M&T Bank
55
M&T Bank
New York
$140K – – –
AWM
56
Apollon Wealth Management
South Carolina
$136K +$144K +17,508 New
CAPTRUST Financial Advisors
57
CAPTRUST Financial Advisors
North Carolina
$133K +$3.67K +446 +3%
Corient Private Wealth
58
Corient Private Wealth
Florida
$117K +$3.17K +385 +3%
Cohen & Steers
59
Cohen & Steers
New York
$117K +$123K +15,000 New
Royal Bank of Canada
60
Royal Bank of Canada
Ontario, Canada
$114K +$31.4K +3,815 +35%
Susquehanna International Group
61
Susquehanna International Group
Pennsylvania
$108K – – –
SCM
62
Sage Capital Management
New Jersey
$105K – – –
GSF
63
Grove Street Fiduciary
New Hampshire
$89.6K – – –
MWM
64
Maridea Wealth Management
New York
$85.6K +$96.8K +11,773 New
CIA
65
Capital Investment Advisors
Georgia
$85.4K +$164 +20 +0.2%
KAS
66
Kestra Advisory Services
Texas
$80.5K -$1.55K -189 -2%
PA
67
Perennial Advisors
New York
$77.9K +$82.5K +10,028 New
MWML
68
M Wealth Management LLC
California
$77.7K – – –
CFD
69
Creative Financial Designs
Indiana
$77.2K -$4K -486 -5%
MCM
70
MAI Capital Management
Ohio
$70.5K -$4.11K -500 -5%
Comerica Bank
71
Comerica Bank
Texas
$61.9K – – –
NFSG
72
Newbridge Financial Services Group
Florida
$44.8K – – –
WC
73
Winmill & Co
New York
$28K – – –
CA
74
Clearstead Advisors
Ohio
$23.3K – – –
Rockefeller Capital Management
75
Rockefeller Capital Management
New York
$20.1K +$21.2K +2,581 New
1 2
3
4 5

BRW Hedge Fund Activity: Q3 2025 in Review

93 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2025, worth a combined $99.6M — up 2.8% from $96.9M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new BRW positions and 10 closed out — a net gain of 13 holders — while 29 added to existing stakes and 20 trimmed.

The largest buyer was Gridiron Partners, adding an estimated $350M. The largest seller was Rivernorth Capital Management, cutting an estimated $12.3M.

  • 93 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2025, up from 80 in Q2 2025.
  • Funds reported $99.6M of Saba Capital Income & Opportunities Fund stock for Q3 2025, up 2.8% quarter-over-quarter.
  • 23 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2025 and 10 closed out, a net change of +13 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2025 was Gridiron Partners, an estimated $350M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $12.3M sold.

Based on aggregated 13F filings for Q3 2025.