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BRW

Saba Capital Income & Opportunities Fund

87 hedge funds and large institutions have $229M invested in Saba Capital Income & Opportunities Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 21

0.03% less ownership

Funds ownership: 14.9%14.87% (-0.03%)

2% less capital invested

Capital invested by funds: $233M → $229M (-$3.66M)

8% less funds holding

Funds holding: 9587 (-8)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
87
Holders Change
-8
Holders Change %
-8.42%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
6
Increased
36
Reduced
21
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SEI Investments
76
SEI Investments
Pennsylvania
$21K
QAM
77
QCI Asset Management
New York
$19K
CAL
78
Capital Advisors Ltd
Ohio
$17K
RPG
79
Risk Paradigm Group
Texas
$15.1K +$3K +297 +25%
DADC
80
D.A. Davidson & Co
Montana
$14K +$14.2K +1,400 New
SIA
81
SeaBridge Investment Advisors
New Jersey
$10K
MFS
82
MSI Financial Services
Massachusetts
$9K -$1.91K -189 -17%
GWM
83
Geneos Wealth Management
Colorado
$9K
AF
84
Allworth Financial
California
$8K
Fifth Third Bancorp
85
Fifth Third Bancorp
Ohio
$8K
PCM
86
Penserra Capital Management
California
$8K
NSIM
87
North Star Investment Management
Illinois
$3K
IWMPD
88
Integrated Wealth Management (Palm Desert)
California
$2K
NFG
89
Next Financial Group
Texas
$2K +$2.53K +250 New
BCC
90
Bain Capital Credit
Massachusetts
-$4.38M -434,564 Closed
PPA
91
Parametric Portfolio Associates
Washington
-$1.3M -128,821 Closed
TAM
92
Trust Asset Management
Texas
-$777K -77,052 Closed
TC
93
TFS Capital
Pennsylvania
-$74K -7,302 Closed
Janney Montgomery Scott
94
Janney Montgomery Scott
Pennsylvania
-$65K -6,482 Closed
VKH
95
Virtu KCG Holdings
New York
-$64K -6,352 Closed
Citadel Advisors
96
Citadel Advisors
Florida
-$61K -6,100 Closed
PFS
97
Prospera Financial Services
Texas
-$61K -6,059 Closed
Deutsche Bank
98
Deutsche Bank
Germany
-$25K -2,500 Closed
BCM
99
Blume Capital Management
California
-$20K -2,000 Closed
CFA
100
Carroll Financial Associates
North Carolina
-$16K -1,580 Closed

BRW Hedge Fund Activity: Q2 2016 in Review

87 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2016, worth a combined $229M — down 1.6% from $233M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BRW and 6 opened new positions — a net loss of 8 holders — while 21 trimmed existing stakes and 36 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.69M. The largest seller was Janus Henderson Group, cutting an estimated $5.07M.

  • 87 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2016, down from 95 in Q1 2016.
  • Funds reported $229M of Saba Capital Income & Opportunities Fund stock for Q2 2016, down 1.6% quarter-over-quarter.
  • 6 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2016 and 14 closed out, a net change of -8 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2016 was Rivernorth Capital Management, an estimated $6.69M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2016 was Janus Henderson Group, an estimated $5.07M sold.

Based on aggregated 13F filings for Q2 2016.