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BRW

Saba Capital Income & Opportunities Fund
BRW

96 hedge funds and large institutions have $252M invested in Saba Capital Income & Opportunities Fund in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 30 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $230M → $252M (+$22.3M)

0.94% more ownership

Funds ownership: 15.37% → 16.3% (+0.94%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

15% less funds holding

Funds holding: 113 → 96 (-17)

17% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 30

67% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 24

Holders
96
Holders Change
-17
Holders Change %
-15.04%
% of All Funds
2.2%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
25
Reduced
30
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$5.87M
2
EVM
Eaton Vance Management
Massachusetts
+$5.31M
3
RVPG
Relative Value Partners Group
+$5.17M
4
Bank of America
Bank of America
North Carolina
+$2.97M
5
FIMG
Financial & Investment Management Group
Michigan
+$1.13M

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$1.77M
2
BlackRock
BlackRock
New York
-$1.08M
3
RCM
Robinson Capital Management
Michigan
-$995K
4
Morgan Stanley
Morgan Stanley
New York
-$803K
5
OFG
OTA Financial Group
New York
-$778K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
76
Fifth Third Bancorp
Ohio
$35K – – –
SSB
77
Sandy Spring Bank
Maryland
$23K – – –
SWP
78
Stratos Wealth Partners
Ohio
$23K – – –
QAM
79
QCI Asset Management
New York
$20K – – –
BCI
80
Brinker Capital Investments
Pennsylvania
$20K +$20.1K +1,962 New
WAM
81
Wealthspire Advisors (Maryland)
Maryland
$18K -$77.9K -7,589 -82%
CAL
82
Capital Advisors Ltd
Ohio
$17K – – –
RWP
83
RWA Wealth Partners
Massachusetts
$15K +$15.1K +1,471 New
Citigroup
84
Citigroup
New York
$10K – – –
HNB
85
Huntington National Bank
Ohio
$10K – – –
SIA
86
SeaBridge Investment Advisors
New Jersey
$10K – – –
GWM
87
Geneos Wealth Management
Colorado
$9K – – –
SWM
88
SeaCrest Wealth Management
New York
$9K – – –
AF
89
Allworth Financial
California
$8K +$103 +10 +1%
CAL
90
Capital Analysts LLC
Pennsylvania
$7K +$7.19K +700 New
PCG
91
Private Capital Group
Connecticut
$6K -$51.2K -4,987 -89%
CAC
92
Certified Advisory Corp
Florida
$6K – – –
SEI Investments
93
SEI Investments
Pennsylvania
$5K – – –
MOS
94
MGO One Seven
Ohio
$4K +$72 +7 +2%
Bank of Montreal
95
Bank of Montreal
Ontario, Canada
$3K – – –
NSIM
96
North Star Investment Management
Illinois
$3K – – –
PFGIA
97
Patriot Financial Group Insurance Agency
Massachusetts
$3K – – –
FEG
98
Financial Enhancement Group
Indiana
$3K +$2.57K +250 New
APP
99
Avantax Planning Partners
Iowa
$2K +$1.8K +175 New
RFM
100
Royal Fund Management
Florida
$1K -$3.35K -326 -69%
1 2 3
4
5

BRW Hedge Fund Activity: Q1 2018 in Review

96 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2018, worth a combined $252M — up 9.7% from $230M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of BRW and 8 opened new positions — a net loss of 16 holders — while 30 trimmed existing stakes and 25 added.

The largest buyer was Sit Investment Associates, adding an estimated $5.87M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.77M sold.

  • 96 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2018, down from 113 in Q4 2017.
  • Funds reported $252M of Saba Capital Income & Opportunities Fund stock for Q1 2018, up 9.7% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2018 and 24 closed out, a net change of -16 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2018 was Sit Investment Associates, an estimated $5.87M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2018 was Wolverine Asset Management, an estimated $1.77M sold.

Based on aggregated 13F filings for Q1 2018.