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BRW

Saba Capital Income & Opportunities Fund
BRW

85 hedge funds and large institutions have $305M invested in Saba Capital Income & Opportunities Fund in 2021 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 35 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.76% less ownership

Funds ownership: 26.83% → 23.07% (-3.8%)

11% less funds holding

Funds holding: 96 → 85 (-11)

11% less capital invested

Capital invested by funds: $345M → $305M (-$39.7M)

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

34% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 35

47% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 19

Holders
85
Holders Change
-11
Holders Change %
-11.46%
% of All Funds
1.49%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.07%
New
10
Increased
23
Reduced
35
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$21.7M
2
RCM
Rivernorth Capital Management
Florida
+$6.53M
3
KKRC
Kohlberg Kravis Roberts & Co
New York
+$5.39M
4
NCM
Next Capital Management
New York
+$5.31M
5
COLIM
City of London Investment Management
United Kingdom
+$4.47M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$40.4M
2
JP Morgan Chase
JP Morgan Chase
New York
-$13.7M
3
SIA
Sit Investment Associates
Minnesota
-$9.26M
4
EVM
Eaton Vance Management
Massachusetts
-$5.87M
5
CCP
Clough Capital Partners
Massachusetts
-$4.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAL
76
Capital Advisors Ltd
Ohio
$15K – – –
NFSG
77
Newbridge Financial Services Group
Florida
$13K – – –
FCM
78
Firestone Capital Management
Florida
$9K +$46 +5 +0.5%
SPIA
79
Steward Partners Investment Advisory
New York
$8.35K – – –
Fifth Third Bancorp
80
Fifth Third Bancorp
Ohio
$7K – – –
PCG
81
Private Capital Group
Connecticut
$6K – – –
IAIM
82
International Assets Investment Management
Florida
$4K +$2.28K +250 +100%
NSIM
83
North Star Investment Management
Illinois
$3K – – –
CT
84
Caldwell Trust
Florida
$1.62K – – –
MP
85
MIO Partners
New York
– -$5.7M -637,832 Closed
CCP
86
Clough Capital Partners
Massachusetts
– -$4.09M -457,800 Closed
Nomura Holdings
87
Nomura Holdings
Japan
– -$2.7M -301,600 Closed
PCM
88
Penserra Capital Management
California
– -$2.37M -264,749 Closed
LCM
89
Landscape Capital Management
New Jersey
– -$495K -55,361 Closed
Millennium Management
90
Millennium Management
New York
– -$478K -53,493 Closed
WAM
91
Wolverine Asset Management
Illinois
– -$293K -32,866 Closed
Invesco
92
Invesco
Georgia
– -$218K -24,337 Closed
PMFA
93
Plante Moran Financial Advisors
Michigan
– -$184K -20,546 Closed
Jane Street
94
Jane Street
New York
– -$71K -7,914 Closed
Creative Planning
95
Creative Planning
Kansas
– -$64K -7,197 Closed
YCM
96
Yakira Capital Management
Connecticut
– -$59K -6,600 Closed
PA
97
Pinnacle Associates
New York
– -$56K -6,257 Closed
VBCG
98
Valley Brook Capital Group
Pennsylvania
– -$22K -2,501 Closed
TRCT
99
Tower Research Capital (TRC)
New York
– -$5K -515 Closed
RCM
100
Robinson Capital Management
Michigan
– -$3K -300 Closed
1 2 3
4

BRW Hedge Fund Activity: Q1 2021 in Review

85 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2021, worth a combined $305M — down 11% from $345M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of BRW and 10 opened new positions — a net loss of 9 holders — while 35 trimmed existing stakes and 23 added.

The largest buyer was Relative Value Partners Group, adding an estimated $21.7M. The largest seller was Saba Capital Management, cutting an estimated $40.4M.

  • 85 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2021, down from 96 in Q4 2020.
  • Funds reported $305M of Saba Capital Income & Opportunities Fund stock for Q1 2021, down 11% quarter-over-quarter.
  • 10 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2021 and 19 closed out, a net change of -9 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2021 was Relative Value Partners Group, an estimated $21.7M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2021 was Saba Capital Management, an estimated $40.4M sold.

Based on aggregated 13F filings for Q1 2021.