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BRW

Saba Capital Income & Opportunities Fund
BRW

94 hedge funds and large institutions have $219M invested in Saba Capital Income & Opportunities Fund in 2017 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 28 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

2% more funds holding

Funds holding: 92 → 94 (+2)

0% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 28

0.64% less ownership

Funds ownership: 14% → 13.36% (-0.64%)

4% less capital invested

Capital invested by funds: $229M → $219M (-$10.1M)

Holders
94
Holders Change
+2
Holders Change %
+2.17%
% of All Funds
2.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
28
Reduced
28
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$11.1M
2
Invesco
Invesco
Georgia
+$9.44M
3
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$2.18M
4
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$2.04M
5
Stifel Financial
Stifel Financial
Missouri
+$1.37M

Top Sellers

Rank Fund Capital Flow
1
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$8.49M
2
EVM
Eaton Vance Management
Massachusetts
-$5.73M
3
RCM
Rivernorth Capital Management
Florida
-$5.14M
4
FWIA
Fort Washington Investment Advisors
Ohio
-$4.94M
5
Morgan Stanley
Morgan Stanley
New York
-$2.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
76
Perennial Advisors
New York
$51K – – –
LNB
77
Ledyard National Bank
$41K – – –
DADC
78
D.A. Davidson & Co
Montana
$39K -$5.53K -500 -12%
Citigroup
79
Citigroup
New York
$34K – – –
Northwestern Mutual Wealth Management
80
Northwestern Mutual Wealth Management
Wisconsin
$34K +$255 +23 +0.7%
WA
81
WFG Advisors
Texas
$24K -$240K -21,671 -91%
SSB
82
Sandy Spring Bank
Maryland
$24K – – –
QAM
83
QCI Asset Management
New York
$21K – – –
CAL
84
Capital Advisors Ltd
Ohio
$18K – – –
BFEC
85
Benjamin F. Edwards & Company
Missouri
$14K – – –
PCM
86
Penserra Capital Management
California
$11K -$1.62K -146 -12%
SIA
87
SeaBridge Investment Advisors
New Jersey
$11K – – –
GWM
88
Geneos Wealth Management
Colorado
$9K – – –
AF
89
Allworth Financial
California
$8K +$122 +11 +1%
Fifth Third Bancorp
90
Fifth Third Bancorp
Ohio
$8K +$387 +35 +5%
SEI Investments
91
SEI Investments
Pennsylvania
$6K – – –
WEC
92
Winslow Evans & Crocker
Massachusetts
$4.17K +$2.05K +185 +93%
SPIA
93
Steward Partners Investment Advisory
New York
$4K +$4.43K +400 New
Bank of Montreal
94
Bank of Montreal
Ontario, Canada
$3K – – –
NFG
95
Next Financial Group
Texas
$3K – – –
NSIM
96
North Star Investment Management
Illinois
$3K – – –
EVM
97
Eaton Vance Management
Massachusetts
– -$5.73M -517,257 Closed
ICM
98
Ionic Capital Management
New York
– -$1.96M -176,429 Closed
CS
99
Credit Suisse
Switzerland
– -$948K -85,565 Closed
MIG
100
Mariner Investment Group
New York
– -$309K -27,866 Closed
1 2 3
4
5

BRW Hedge Fund Activity: Q1 2017 in Review

94 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2017, worth a combined $219M — down 4.4% from $229M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BRW positions and 8 closed out — a net gain of 5 holders — while 28 added to existing stakes and 28 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $11.1M. The largest seller was 1832 Asset Management, cutting an estimated $8.49M.

  • 94 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2017, up from 92 in Q4 2016.
  • Funds reported $219M of Saba Capital Income & Opportunities Fund stock for Q1 2017, down 4.4% quarter-over-quarter.
  • 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2017 and 8 closed out, a net change of +5 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2017 was JP Morgan Chase, an estimated $11.1M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2017 was 1832 Asset Management, an estimated $8.49M sold.

Based on aggregated 13F filings for Q1 2017.