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BRW

Saba Capital Income & Opportunities Fund
BRW

113 hedge funds and large institutions have $230M invested in Saba Capital Income & Opportunities Fund in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 11

22% more funds holding

Funds holding: 93 → 113 (+20)

0.3% more ownership

Funds ownership: 15.07% → 15.37% (+0.3%)

2% less capital invested

Capital invested by funds: $234M → $230M (-$3.64M)

20% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 30

Holders
113
Holders Change
+20
Holders Change %
+21.51%
% of All Funds
2.56%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
32
Increased
24
Reduced
30
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
+$5.68M
2
RVPG
Relative Value Partners Group
+$5.64M
3
RCM
Rivernorth Capital Management
Florida
+$5.6M
4
SIA
Sit Investment Associates
Minnesota
+$2.6M
5
SCM
Saba Capital Management
New York
+$2.07M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$17.7M
2
Morgan Stanley
Morgan Stanley
New York
-$5.21M
3
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
-$4.38M
4
Bessemer Group
Bessemer Group
New Jersey
-$2.3M
5
CA
Cetera Advisors
Colorado
-$1.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
SMH
76
Sanders Morris Harris
Texas
$63K – – –
BI
77
Bramshill Investments
Florida
$62K -$8.6K -840 -12%
Lido Advisors
78
Lido Advisors
California
$60K +$60.6K +5,918 New
IT
79
Independence Trust
Tennessee
$58K +$59K +5,766 New
Creative Planning
80
Creative Planning
Kansas
$56K -$512 -50 -0.9%
PP
81
Prudential plc
United Kingdom
$56K – – –
CCP
82
Corient Capital Partners
California
$55K – – –
PA
83
Parallel Advisors
California
$55K – – –
SP
84
Successful Portfolios
Florida
$53K +$53.7K +5,250 New
PA
85
Perennial Advisors
New York
$50K – – –
GI
86
Gradient Investments
Minnesota
$50K +$50.2K +4,910 New
IA
87
IFP Advisors
Florida
$38K -$33.2K -3,248 -46%
LNB
88
Ledyard National Bank
$38K – – –
Fifth Third Bancorp
89
Fifth Third Bancorp
Ohio
$34K – – –
Manulife (Manufacturers Life Insurance)
90
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$31K -$10.2K -1,000 -25%
MPWT
91
MassMutual Private Wealth & Trust
Connecticut
$24.8K +$25K +2,445 New
SSB
92
Sandy Spring Bank
Maryland
$22K – – –
SWP
93
Stratos Wealth Partners
Ohio
$22K +$22.3K +2,175 New
QAM
94
QCI Asset Management
New York
$19K – – –
CAL
95
Capital Advisors Ltd
Ohio
$16K – – –
Citigroup
96
Citigroup
New York
$10K -$9.06K -885 -47%
HNB
97
Huntington National Bank
Ohio
$10K – – –
SIA
98
SeaBridge Investment Advisors
New Jersey
$10K – – –
GWM
99
Geneos Wealth Management
Colorado
$9K – – –
SWM
100
SeaCrest Wealth Management
New York
$9K +$9.27K +906 New
2 3
4
5 6

BRW Hedge Fund Activity: Q4 2017 in Review

113 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2017, worth a combined $230M — down 1.6% from $234M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BRW positions and 11 closed out — a net gain of 21 holders — while 24 added to existing stakes and 30 trimmed.

The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $5.68M. The largest seller was Invesco, cutting an estimated $17.7M.

  • 113 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2017, up from 93 in Q3 2017.
  • Funds reported $230M of Saba Capital Income & Opportunities Fund stock for Q4 2017, down 1.6% quarter-over-quarter.
  • 32 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2017 and 11 closed out, a net change of +21 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2017 was Financial & Investment Management Group, an estimated $5.68M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2017 was Invesco, an estimated $17.7M sold.

Based on aggregated 13F filings for Q4 2017.