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BRW

Saba Capital Income & Opportunities Fund
BRW

93 hedge funds and large institutions have $234M invested in Saba Capital Income & Opportunities Fund in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 17

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

2% more capital invested

Capital invested by funds: $229M → $234M (+$4.75M)

0.97% more ownership

Funds ownership: 14.1% → 15.07% (+0.97%)

1% less funds holding

Funds holding: 94 → 93 (-1)

Holders
93
Holders Change
-1
Holders Change %
-1.06%
% of All Funds
2.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
32
Reduced
17
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$5.52M
2
COLIM
City of London Investment Management
United Kingdom
+$3.91M
3
CA
Clearstead Advisors
Ohio
+$1.75M
4
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$1.47M
5
BlackRock
BlackRock
New York
+$1.12M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.76M
2
OFG
OTA Financial Group
New York
-$570K
3
SWP
Stratos Wealth Partners
Ohio
-$541K
4
SRC
Shufro Rose & Co
New York
-$294K
5
Wells Fargo
Wells Fargo
California
-$278K
Name Holding Trade Value Shares
Change 		Change in
Stake
LNB
76
Ledyard National Bank
$40K – – –
Fifth Third Bancorp
77
Fifth Third Bancorp
Ohio
$35K – – –
Northwestern Mutual Wealth Management
78
Northwestern Mutual Wealth Management
Wisconsin
$33K -$33.3K -3,179 -50%
SSB
79
Sandy Spring Bank
Maryland
$23K – – –
Citigroup
80
Citigroup
New York
$20K – – –
QAM
81
QCI Asset Management
New York
$20K – – –
CAL
82
Capital Advisors Ltd
Ohio
$17K – – –
BFEC
83
Benjamin F. Edwards & Company
Missouri
$13K – – –
First Manhattan
84
First Manhattan
New York
$13K +$13.1K +1,250 New
HNB
85
Huntington National Bank
Ohio
$10K – – –
IWM
86
IHT Wealth Management
Illinois
$10K – – –
SIA
87
SeaBridge Investment Advisors
New Jersey
$10K – – –
GWM
88
Geneos Wealth Management
Colorado
$9K – – –
AF
89
Allworth Financial
California
$8K +$115 +11 +1%
US Bancorp
90
US Bancorp
Minnesota
$6K +$5.96K +569 New
SEI Investments
91
SEI Investments
Pennsylvania
$5K – – –
SPIA
92
Steward Partners Investment Advisory
New York
$4K – – –
Bank of Montreal
93
Bank of Montreal
Ontario, Canada
$3K – – –
NSIM
94
North Star Investment Management
Illinois
$3K – – –
PFGIA
95
Patriot Financial Group Insurance Agency
Massachusetts
$3K – – –
WEC
96
Winslow Evans & Crocker
Massachusetts
$1.94K -$2.1K -200 -52%
OFG
97
OTA Financial Group
New York
– -$570K -52,756 Closed
SWP
98
Stratos Wealth Partners
Ohio
– -$541K -50,280 Closed
RWML
99
RAFFA WEALTH MANAGEMENT, LLC
District of Columbia
– -$120K -11,174 Closed
TCM
100
Traynor Capital Management
Pennsylvania
– -$79K -7,401 Closed
1 2 3
4
5

BRW Hedge Fund Activity: Q3 2017 in Review

93 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2017, worth a combined $234M — up 2.1% from $229M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BRW positions and 11 closed out — a net gain of 1 holder — while 32 added to existing stakes and 17 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.52M. The largest seller was Bank of America, cutting an estimated $1.76M.

  • 93 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2017, down from 94 in Q2 2017.
  • Funds reported $234M of Saba Capital Income & Opportunities Fund stock for Q3 2017, up 2.1% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2017 and 11 closed out, a net change of +1 holder.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2017 was Rivernorth Capital Management, an estimated $5.52M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2017 was Bank of America, an estimated $1.76M sold.

Based on aggregated 13F filings for Q3 2017.