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BRW

Saba Capital Income & Opportunities Fund
BRW

90 hedge funds and large institutions have $176M invested in Saba Capital Income & Opportunities Fund in 2015 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 9

19% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 21

13% more funds holding

Funds holding: 80 → 90 (+10)

1.04% more ownership

Funds ownership: 9.72% → 10.76% (+1%)

4% more capital invested

Capital invested by funds: $169M → $176M (+$6.56M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
90
Holders Change
+10
Holders Change %
+12.5%
% of All Funds
2.43%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
19
Increased
25
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
+$5.72M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$3.94M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$3.93M
4
Bessemer Group
Bessemer Group
New Jersey
+$3.55M
5
RCM
Rivernorth Capital Management
Florida
+$1.45M

Top Sellers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
-$1.74M
2
CS
Credit Suisse
Switzerland
-$1.29M
3
UBS Group
UBS Group
Switzerland
-$1.15M
4
HNB
Huntington National Bank
Ohio
-$911K
5
CA
Cornerstone Advisors
North Carolina
-$836K
Name Holding Trade Value Shares
Change 		Change in
Stake
QAM
76
QCI Asset Management
New York
$20K – – –
SSG
77
Summit Securities Group
New York
$19K +$19.9K +1,800 New
CAL
78
Capital Advisors Ltd
Ohio
$17K – – –
CFA
79
Carroll Financial Associates
North Carolina
$17K +$17.5K +1,580 New
Fifth Third Bancorp
80
Fifth Third Bancorp
Ohio
$11K – – –
WEC
81
Winslow Evans & Crocker
Massachusetts
$10.5K -$22.1K -2,000 -67%
SIA
82
SeaBridge Investment Advisors
New Jersey
$10K – – –
MFS
83
MSI Financial Services
Massachusetts
$9K +$9.99K +904 New
AF
84
Allworth Financial
California
$8K – – –
BAM
85
Bruderman Asset Management
New York
$5K – – –
AIG
86
American International Group
New York
$4.96K – – –
Bank of Montreal
87
Bank of Montreal
Ontario, Canada
$3K -$36.2K -3,275 -92%
NSIM
88
North Star Investment Management
Illinois
$3K – – –
PSI
89
Pinnacle Summer Investments
Virginia
$2K – – –
AGM
90
Alpine Global Management
New York
$2K +$1.75K +158 New
RWM
91
Rezny Wealth Management
Florida
$2K +$2.83K +256 New
BCM
92
Brookstone Capital Management
Illinois
$1K +$1.44K +130 New
CA
93
Cornerstone Advisors
North Carolina
– -$836K -75,449 Closed
DS
94
DRW Securities
Illinois
– -$368K -33,256 Closed
VKH
95
Virtu KCG Holdings
New York
– -$217K -19,562 Closed
BIM
96
BlackRock Investment Management
Delaware
– -$126K -11,400 Closed
SGCA
97
Steel Grove Capital Advisors
Tennessee
– -$115K -10,410 Closed
CAS
98
CTC Alternative Strategies
Illinois
– -$111K -10,045 Closed
BBA
99
BLB&B Advisors
Pennsylvania
– -$55K -5,000 Closed
1 2 3
4

BRW Hedge Fund Activity: Q2 2015 in Review

90 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2015, worth a combined $176M — up 3.9% from $169M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BRW positions and 9 closed out — a net gain of 10 holders — while 25 added to existing stakes and 21 trimmed.

The largest buyer was Eaton Vance Management, opening a new position worth an estimated $5.72M. The largest seller was Financial & Investment Management Group, cutting an estimated $1.74M.

  • 90 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2015, up from 80 in Q1 2015.
  • Funds reported $176M of Saba Capital Income & Opportunities Fund stock for Q2 2015, up 3.9% quarter-over-quarter.
  • 19 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2015 and 9 closed out, a net change of +10 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2015 was Eaton Vance Management, an estimated $5.72M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2015 was Financial & Investment Management Group, an estimated $1.74M sold.

Based on aggregated 13F filings for Q2 2015.