Saba Capital Income & Opportunities Fund
BRW
80 hedge funds and large institutions have $169M invested in Saba Capital Income & Opportunities Fund in 2015 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 21 increasing their positions, 27 reducing their positions, and 15 closing their positions.
5% more capital invested
Capital invested by funds: $161M → $169M (+$8.13M)
0% less ownership
Funds ownership: 9.72% → 9.72% (-0%)
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
2% less funds holding
Funds holding: 82 → 80 (-2)
22% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 27
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.33M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$4.04M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.82M |
| 4 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$1.42M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.17M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$3.01M |
| 3 |
SG Americas Securities
New York
|
-$1.79M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.12M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.08M |
BRW Hedge Fund Activity: Q1 2015 in Review
80 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2015, worth a combined $169M — up 5% from $161M a quarter earlier.
Fund positioning in BRW was balanced in Q1 2015: 15 funds opened new positions, 15 closed out, 21 added to existing stakes and 27 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.33M. The largest seller was Bank of America, cutting an estimated $4.17M.
- 80 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2015, down from 82 in Q4 2014.
- Funds reported $169M of Saba Capital Income & Opportunities Fund stock for Q1 2015, up 5% quarter-over-quarter.
- 15 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2015 and 15 closed out, a net change of 0 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2015 was Morgan Stanley, an estimated $6.33M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2015 was Bank of America, an estimated $4.17M sold.
Based on aggregated 13F filings for Q1 2015.