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BRW

Saba Capital Income & Opportunities Fund
BRW

119 hedge funds and large institutions have $239M invested in Saba Capital Income & Opportunities Fund in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 29 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more funds holding in top 10

Funds holding in top 10: 1 → 6 (+5)

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

3% more funds holding

Funds holding: 115 → 119 (+4)

2.15% more ownership

Funds ownership: 16.82% → 18.97% (+2.1%)

5% less capital invested

Capital invested by funds: $251M → $239M (-$12.1M)

22% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 37

Holders
119
Holders Change
+4
Holders Change %
+3.48%
% of All Funds
2.65%
Holding in Top 10
6
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+500%
% of All Funds
0.13%
New
21
Increased
29
Reduced
37
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$10.9M
2
SCM
Saba Capital Management
New York
+$10.9M
3
OHA
Oak Hill Advisors
New York
+$8.77M
4
CRC
Curi RMB Capital
Illinois
+$3.92M
5
PPA
Parametric Portfolio Associates
Washington
+$2.77M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$7.62M
2
CWM
Cornerstone Wealth Management
Missouri
-$3.94M
3
NMC
Nine Masts Capital
Hong Kong
-$2.76M
4
Bessemer Group
Bessemer Group
New Jersey
-$2.47M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$2.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAN
76
Cetera Advisor Networks
California
$82K -$89K -9,346 -51%
SI
77
Stephens Inc
Arkansas
$80K -$6.66K -700 -7%
CF
78
Copperwynd Financial
Arizona
$80K +$428 +45 +0.5%
HWA
79
HCR Wealth Advisors
California
$75K – – –
IP
80
Investment Partners
Ohio
$75K – – –
Neuberger Berman Group
81
Neuberger Berman Group
New York
$66K – – –
WA
82
WealthTrust Axiom
Pennsylvania
$64K – – –
PA
83
Pinnacle Associates
New York
$64K +$1.08K +114 +2%
WT
84
Whittier Trust
California
$63K – – –
SBH
85
Segall Bryant & Hamill
Illinois
$59K +$63K +6,623 New
Citigroup
86
Citigroup
New York
$57K -$13.6K -1,425 -18%
SMH
87
Sanders Morris Harris
Texas
$56K – – –
CCB
88
Cutter & Co Brokerage
Missouri
$56K +$2.86K +300 +5%
Creative Planning
89
Creative Planning
Kansas
$55K +$5.57K +585 +11%
DA
90
Doliver Advisors
Texas
$52K -$1.21M -127,298 -96%
EWM
91
Empirical Wealth Management
Washington
$51K – – –
HF
92
HRT Financial
New York
$51K +$55K +5,776 New
PA
93
Perennial Advisors
New York
$46K +$49.3K +5,175 New
GI
94
Gradient Investments
Minnesota
$44K – – –
LNB
95
Ledyard National Bank
$34K – – –
Fifth Third Bancorp
96
Fifth Third Bancorp
Ohio
$30K – – –
SSB
97
Sandy Spring Bank
Maryland
$20K – – –
BCI
98
Brinker Capital Investments
Pennsylvania
$18K – – –
CFGS
99
Concourse Financial Group Securities
Alabama
$18K +$11.9K +1,250 +167%
WCM
100
WealthBridge Capital Management
Ohio
$18K +$19K +2,000 New
2 3
4
5 6

BRW Hedge Fund Activity: Q4 2018 in Review

119 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2018, worth a combined $239M — down 4.8% from $251M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BRW positions and 16 closed out — a net gain of 5 holders — while 29 added to existing stakes and 37 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.9M. The largest seller was Morgan Stanley, cutting an estimated $7.62M.

  • 119 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2018, up from 115 in Q3 2018.
  • Funds reported $239M of Saba Capital Income & Opportunities Fund stock for Q4 2018, down 4.8% quarter-over-quarter.
  • 21 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2018 and 16 closed out, a net change of +5 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $10.9M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2018 was Morgan Stanley, an estimated $7.62M sold.

Based on aggregated 13F filings for Q4 2018.