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BRW

Saba Capital Income & Opportunities Fund
BRW

81 hedge funds and large institutions have $314M invested in Saba Capital Income & Opportunities Fund in 2021 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.34% more ownership

Funds ownership: 23.07% → 27.41% (+4.3%)

3% more capital invested

Capital invested by funds: $305M → $314M (+$8.35M)

5% less funds holding

Funds holding: 85 → 81 (-4)

14% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 22

18% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 22

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
81
Holders Change
-4
Holders Change %
-4.71%
% of All Funds
1.41%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
18
Increased
19
Reduced
22
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$10.9M
2
COLIM
City of London Investment Management
United Kingdom
+$6.2M
3
CCP
Clough Capital Partners
Massachusetts
+$4.47M
4
CL
CSS LLC
Illinois
+$3.17M
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2.68M

Top Sellers

Rank Fund Capital Flow
1
ISSM
Invesco Senior Secured Management
New York
-$9.41M
2
SCM
Saba Capital Management
New York
-$6.29M
3
KKRC
Kohlberg Kravis Roberts & Co
New York
-$5.48M
4
Morgan Stanley
Morgan Stanley
New York
-$4.68M
5
BFM
Boothbay Fund Management
New York
-$2.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
76
Fifth Third Bancorp
Ohio
$7K – – –
IRC
77
Investors Research Corp
Georgia
$7K +$6.95K +750 New
PCG
78
Private Capital Group
Connecticut
$6K – – –
CT
79
Caldwell Trust
Florida
$1.65K – – –
ISSM
80
Invesco Senior Secured Management
New York
– -$9.41M -1,014,133 Closed
KKRC
81
Kohlberg Kravis Roberts & Co
New York
– -$5.48M -590,837 Closed
BFM
82
Boothbay Fund Management
New York
– -$2.66M -286,549 Closed
IA
83
Icon Advisers
Colorado
– -$2.04M -219,845 Closed
Qube Research & Technologies (QRT)
84
Qube Research & Technologies (QRT)
United Kingdom
– -$542K -58,404 Closed
APSP
85
Asset Planning Services (Pennsylvania)
Pennsylvania
– -$514K -55,440 Closed
SWM
86
Spire Wealth Management
Virginia
– -$228K -24,581 Closed
FFA
87
First Foundation Advisors
California
– -$216K -23,323 Closed
Barclays
88
Barclays
United Kingdom
– -$223K -22,537 Closed
CL
89
CPWM LLC
Washington
– -$193K -20,804 Closed
WS
90
Wedbush Securities
California
– -$114K -12,283 Closed
UR
91
USCA RIA
Texas
– -$88K -9,450 Closed
HWA
92
HCR Wealth Advisors
California
– -$62K -6,648 Closed
KAS
93
Kestra Advisory Services
Texas
– -$61K -6,617 Closed
SPC
94
Sigma Planning Corp
Michigan
– -$60K -6,442 Closed
PNC Financial Services Group
95
PNC Financial Services Group
Pennsylvania
– -$52K -5,670 Closed
Northwestern Mutual Wealth Management
96
Northwestern Mutual Wealth Management
Wisconsin
– -$31K -3,355 Closed
SSB
97
Sandy Spring Bank
Maryland
– -$20K -2,206 Closed
MF
98
Manchester Financial
California
– -$20K -2,134 Closed
GI
99
Gradient Investments
Minnesota
– -$15K -1,570 Closed
IAIM
100
International Assets Investment Management
Florida
– -$4K -500 Closed
1 2 3
4
5

BRW Hedge Fund Activity: Q2 2021 in Review

81 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2021, worth a combined $314M — up 2.7% from $305M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of BRW and 18 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 19 added.

The largest buyer was Relative Value Partners Group, adding an estimated $10.9M. The largest seller was Invesco Senior Secured Management, exiting entirely with an estimated $9.41M sold.

  • 81 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2021, down from 85 in Q1 2021.
  • Funds reported $314M of Saba Capital Income & Opportunities Fund stock for Q2 2021, up 2.7% quarter-over-quarter.
  • 18 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2021 and 22 closed out, a net change of -4 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2021 was Relative Value Partners Group, an estimated $10.9M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2021 was Invesco Senior Secured Management, an estimated $9.41M sold.

Based on aggregated 13F filings for Q2 2021.