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BRW

Saba Capital Income & Opportunities Fund
BRW

115 hedge funds and large institutions have $251M invested in Saba Capital Income & Opportunities Fund in 2018 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 30 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 9

15% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 26

14% more funds holding

Funds holding: 101 → 115 (+14)

3% more capital invested

Capital invested by funds: $244M → $251M (+$7.08M)

0.5% more ownership

Funds ownership: 16.33% → 16.82% (+0.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
115
Holders Change
+14
Holders Change %
+13.86%
% of All Funds
2.63%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
23
Increased
30
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$23.1M
2
AAMU
Amundi Asset Management US
Massachusetts
+$6.11M
3
NMC
Nine Masts Capital
Hong Kong
+$2.04M
4
CRC
Curi RMB Capital
Illinois
+$1.99M
5
RVPG
Relative Value Partners Group
+$1.9M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$23.7M
2
Morgan Stanley
Morgan Stanley
New York
-$6.25M
3
SIA
Sit Investment Associates
Minnesota
-$5.44M
4
Bessemer Group
Bessemer Group
New Jersey
-$3.17M
5
ICM
Ionic Capital Management
New York
-$436K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
76
Citigroup
New York
$78K +$68K +6,830 +683%
APP
77
Avantax Planning Partners
Iowa
$74K +$74.2K +7,448 New
Neuberger Berman Group
78
Neuberger Berman Group
New York
$73K – – –
WA
79
WealthTrust Axiom
Pennsylvania
$71K – – –
WT
80
Whittier Trust
California
$70K – – –
PA
81
Pinnacle Associates
New York
$70K +$69.6K +6,986 New
SMH
82
Sanders Morris Harris
Texas
$62K – – –
CCB
83
Cutter & Co Brokerage
Missouri
$59K +$58.8K +5,900 New
EWM
84
Empirical Wealth Management
Washington
$56K +$56.2K +5,642 New
Creative Planning
85
Creative Planning
Kansas
$55K -$4.73K -475 -8%
PP
86
Prudential plc
United Kingdom
$55K – – –
PA
87
Perennial Advisors
New York
$51K – – –
KIM
88
Karpus Investment Management
New York
$50K +$49.8K +5,000 New
GI
89
Gradient Investments
Minnesota
$49K – – –
IGGA
90
Iron Gate Global Advisors
Utah
$42K – – –
LNB
91
Ledyard National Bank
$38K – – –
Fifth Third Bancorp
92
Fifth Third Bancorp
Ohio
$33K – – –
BFEC
93
Benjamin F. Edwards & Company
Missouri
$25K -$24.9K -2,500 -50%
SSB
94
Sandy Spring Bank
Maryland
$22K – – –
BCI
95
Brinker Capital Investments
Pennsylvania
$20K – – –
QAM
96
QCI Asset Management
New York
$19K – – –
SWP
97
Stratos Wealth Partners
Ohio
$19K +$18.9K +1,900 New
CAL
98
Capital Advisors Ltd
Ohio
$16K – – –
CPIG
99
Chicago Partners Investment Group
Illinois
$11K +$11.1K +1,115 New
HNB
100
Huntington National Bank
Ohio
$10K – – –
2 3
4
5 6

BRW Hedge Fund Activity: Q3 2018 in Review

115 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2018, worth a combined $251M — up 2.9% from $244M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new BRW positions and 9 closed out — a net gain of 14 holders — while 30 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $23.1M. The largest seller was Baillie Gifford & Co, cutting an estimated $23.7M.

  • 115 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2018, up from 101 in Q2 2018.
  • Funds reported $251M of Saba Capital Income & Opportunities Fund stock for Q3 2018, up 2.9% quarter-over-quarter.
  • 23 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2018 and 9 closed out, a net change of +14 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2018 was Saba Capital Management, an estimated $23.1M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2018 was Baillie Gifford & Co, an estimated $23.7M sold.

Based on aggregated 13F filings for Q3 2018.