Saba Capital Income & Opportunities Fund
BRW
78 hedge funds and large institutions have $135M invested in Saba Capital Income & Opportunities Fund in 2013 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 7 closing their positions.
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
13% more funds holding
Funds holding: 69 → 78 (+9)
0.22% less ownership
Funds ownership: 8.05% → 7.84% (-0.22%)
10% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 21
7% less capital invested
Capital invested by funds: $144M → $135M (-$9.44M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$1.45M |
| 2 |
JP Morgan Chase
New York
|
+$1.27M |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$1.12M |
| 4 |
OC
Oppenheimer & Co
New York
|
+$647K |
| 5 |
SG Americas Securities
New York
|
+$583K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.09M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$4.06M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$724K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$613K |
| 5 |
ARC
Absolute Return Capital
Boston,
Massachusetts
|
-$492K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NES
76
New England Securities
New York
| $5K | – | – | – |
|
77
Envestnet Asset Management
Chicago,
Illinois
| $5K | +$4.76K | +400 | New |
|
|
PSI
78
Pinnacle Summer Investments
Fairfax,
Virginia
| $2K | – | – | – |
|
79
Jane Street
New York
| – | -$176K | -14,554 | Closed |
|
80
Comerica Bank
Dallas,
Texas
| – | -$122K | -10,045 | Closed |
|
81
Nomura Holdings
Tokyo,
Japan
| – | -$109K | -9,019 | Closed |
|
82
Citadel Advisors
Miami,
Florida
| – | -$62K | -5,082 | Closed |
|
|
MFS
83
MSI Financial Services
Springfield,
Massachusetts
| – | -$32K | -2,625 | Closed |
|
84
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$3K | -300 | Closed |
|
|
FANJ
85
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$3K | -250 | Closed |
|
BRW Hedge Fund Activity: Q4 2013 in Review
78 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2013, worth a combined $135M — down 6.6% from $144M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BRW positions and 7 closed out — a net gain of 10 holders — while 19 added to existing stakes and 21 trimmed.
The largest buyer was UBS, adding an estimated $1.45M. The largest seller was Morgan Stanley, cutting an estimated $4.09M.
- 78 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2013, up from 69 in Q3 2013.
- Funds reported $135M of Saba Capital Income & Opportunities Fund stock for Q4 2013, down 6.6% quarter-over-quarter.
- 17 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2013 and 7 closed out, a net change of +10 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2013 was UBS, an estimated $1.45M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2013 was Morgan Stanley, an estimated $4.09M sold.
Based on aggregated 13F filings for Q4 2013.