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BRW

Saba Capital Income & Opportunities Fund

85 hedge funds and large institutions have $196M invested in Saba Capital Income & Opportunities Fund in 2015 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $176M → $196M (+$19.7M)

2.29% more ownership

Funds ownership: 10.76%13.05% (+2.3%)

6% less funds holding

Funds holding: 9085 (-5)

19% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 26

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
85
Holders Change
-5
Holders Change %
-5.56%
% of All Funds
2.37%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
8
Increased
21
Reduced
26
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CFA
76
Carroll Financial Associates
North Carolina
$16K
AIG
77
American International Group
New York
$16K +$11.5K +1,089 +231%
MFS
78
MSI Financial Services
Massachusetts
$13K +$3.68K +350 +39%
SIA
79
SeaBridge Investment Advisors
New Jersey
$10K
AF
80
Allworth Financial
California
$7K
MWP
81
MYCIO Wealth Partners
Pennsylvania
$6K +$6.31K +600 New
BAM
82
Bruderman Asset Management
New York
$5K
RPG
83
Risk Paradigm Group
Texas
$4.35K +$4.52K +430 New
NSIM
84
North Star Investment Management
Illinois
$3K
PSI
85
Pinnacle Summer Investments
Virginia
$2K
RWM
86
Rezny Wealth Management
Florida
$2K
RCM
87
Rivernorth Capital Management
Florida
-$2.46M -234,254 Closed
AllianceBernstein
88
AllianceBernstein
Tennessee
-$232K -22,137 Closed
Goldman Sachs
89
Goldman Sachs
New York
-$176K -16,767 Closed
TRCT
90
Tower Research Capital (TRC)
New York
-$137K -13,062 Closed
Jane Street
91
Jane Street
New York
-$100K -9,553 Closed
Citadel Advisors
92
Citadel Advisors
Florida
-$88K -8,410 Closed
GLA
93
Great Lakes Advisors
Illinois
-$87K -8,332 Closed
SSG
94
Summit Securities Group
New York
-$19K -1,800 Closed
WEC
95
Winslow Evans & Crocker
Massachusetts
-$10.5K -1,000 Closed
AGM
96
Alpine Global Management
New York
-$2K -158 Closed
BCM
97
Brookstone Capital Management
Illinois
-$1K -130 Closed

BRW Hedge Fund Activity: Q3 2015 in Review

85 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2015, worth a combined $196M — up 11% from $176M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BRW and 8 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 21 added.

The largest buyer was Baillie Gifford & Co, adding an estimated $19.5M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.46M sold.

  • 85 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2015, down from 90 in Q2 2015.
  • Funds reported $196M of Saba Capital Income & Opportunities Fund stock for Q3 2015, up 11% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2015 and 11 closed out, a net change of -3 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2015 was Baillie Gifford & Co, an estimated $19.5M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2015 was Rivernorth Capital Management, an estimated $2.46M sold.

Based on aggregated 13F filings for Q3 2015.