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BRW

Saba Capital Income & Opportunities Fund
BRW

106 hedge funds and large institutions have $332M invested in Saba Capital Income & Opportunities Fund in 2019 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more capital invested

Capital invested by funds: $236M → $332M (+$96.2M)

12% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 17

2.39% more ownership

Funds ownership: 16.51% → 18.89% (+2.4%)

2% more funds holding

Funds holding: 104 → 106 (+2)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 30

Holders
106
Holders Change
+2
Holders Change %
+1.92%
% of All Funds
2.09%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
19
Increased
29
Reduced
30
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$46.5M
2
SIA
Sit Investment Associates
Minnesota
+$6.91M
3
COLIM
City of London Investment Management
United Kingdom
+$2.71M
4
PCM
Penserra Capital Management
California
+$2.19M
5
NCM
Next Capital Management
New York
+$764K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$7.33M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$3.07M
3
CRC
Curi RMB Capital
Illinois
-$2.95M
4
VIA
Vident Investment Advisory
Georgia
-$1.93M
5
Morgan Stanley
Morgan Stanley
New York
-$1.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
76
Adalta Capital Management
New York
$60K +$57.9K +6,000 New
SMH
77
Sanders Morris Harris
Texas
$59K – – –
PP
78
Prudential plc
United Kingdom
$55K – – –
PA
79
Perennial Advisors
New York
$55K +$791 +82 +2%
IAN
80
Integrated Advisors Network
Texas
$50K +$48.2K +5,000 New
GI
81
Gradient Investments
Minnesota
$49K – – –
HWM
82
Howard Wealth Management
Connecticut
$24K +$23.1K +2,400 New
SSB
83
Sandy Spring Bank
Maryland
$22K – – –
MF
84
Manchester Financial
California
$21K +$19.9K +2,060 New
BCI
85
Brinker Capital Investments
Pennsylvania
$20K – – –
QAM
86
QCI Asset Management
New York
$19K – – –
CAL
87
Capital Advisors Ltd
Ohio
$16K – – –
RIA
88
Realta Investment Advisors
Delaware
$14K +$116 +12 +0.8%
S
89
SignatureFD
Georgia
$13K – – –
SIA
90
SeaBridge Investment Advisors
New Jersey
$10K – – –
FCM
91
Firestone Capital Management
Florida
$10K +$9.29K +963 New
CFGS
92
Concourse Financial Group Securities
Alabama
$10K +$9.65K +1,000 New
Fifth Third Bancorp
93
Fifth Third Bancorp
Ohio
$8K – – –
CAL
94
Capital Analysts LLC
Pennsylvania
$7K – – –
CAC
95
Certified Advisory Corp
Florida
$6K – – –
PCG
96
Private Capital Group
Connecticut
$6K – – –
HNB
97
Huntington National Bank
Ohio
$5K – – –
SPIA
98
Steward Partners Investment Advisory
New York
$4K – – –
NSIM
99
North Star Investment Management
Illinois
$3K – – –
CFA
100
Carroll Financial Associates
North Carolina
$2K -$3.83K -397 -66%
1 2 3
4
5

BRW Hedge Fund Activity: Q4 2019 in Review

106 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2019, worth a combined $332M — up 41% from $236M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BRW positions and 17 closed out — a net gain of 2 holders — while 29 added to existing stakes and 30 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $46.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $7.33M.

  • 106 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2019, up from 104 in Q3 2019.
  • Funds reported $332M of Saba Capital Income & Opportunities Fund stock for Q4 2019, up 41% quarter-over-quarter.
  • 19 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2019 and 17 closed out, a net change of +2 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2019 was Saba Capital Management, an estimated $46.5M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2019 was Rivernorth Capital Management, an estimated $7.33M sold.

Based on aggregated 13F filings for Q4 2019.