Saba Capital Income & Opportunities Fund
BRW
64 hedge funds and large institutions have $149M invested in Saba Capital Income & Opportunities Fund in 2022 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 28 reducing their positions, and 21 closing their positions.
28.26% more ownership
Funds ownership: 15.22% → 43.48% (+28%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
11% less capital invested
Capital invested by funds: $167M → $149M (-$17.9M)
15% less funds holding
Funds holding: 75 → 64 (-11)
36% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 28
48% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$2.43M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.05M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.23M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.18M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$945K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.68M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.98M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.01M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$825K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$619K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SI
76
Stephens Inc
Little Rock,
Arkansas
| – | -$56K | -6,158 | Closed |
|
|
PTP
77
Platform Technology Partners
New York
| – | -$54K | -6,005 | Closed |
|
78
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$53K | -5,881 | Closed |
|
|
WA
79
WealthTrust Axiom
Wayne,
Pennsylvania
| – | -$45K | -5,060 | Closed |
|
|
SCM
80
Segantii Capital Management
Hong Kong
| – | -$45K | -5,000 | Closed |
|
|
PFS
81
Prospera Financial Services
Dallas,
Texas
| – | -$19K | -2,086 | Closed |
|
|
FCG
82
Financial Connections Group
Corte Madera,
California
| – | -$16K | -1,881 | Closed |
|
|
PCG
83
Private Capital Group
West Hartford,
Connecticut
| – | -$6K | -622 | Closed |
|
|
MCC
84
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$2K | -250 | Closed |
|
|
TRCT
85
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
BRW Hedge Fund Activity: Q2 2022 in Review
64 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2022, worth a combined $149M — down 11% from $167M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of BRW and 11 opened new positions — a net loss of 10 holders — while 28 trimmed existing stakes and 18 added.
The largest buyer was Osaic Holdings, adding an estimated $2.43M. The largest seller was Saba Capital Management, cutting an estimated $3.68M.
- 64 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2022, down from 75 in Q1 2022.
- Funds reported $149M of Saba Capital Income & Opportunities Fund stock for Q2 2022, down 11% quarter-over-quarter.
- 11 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2022 and 21 closed out, a net change of -10 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q2 2022 was Osaic Holdings, an estimated $2.43M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q2 2022 was Saba Capital Management, an estimated $3.68M sold.
Based on aggregated 13F filings for Q2 2022.