Saba Capital Income & Opportunities Fund
BRW
66 hedge funds and large institutions have $141M invested in Saba Capital Income & Opportunities Fund in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 14 closing their positions.
5% more capital invested
Capital invested by funds: $134M → $141M (+$6.45M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.85% less ownership
Funds ownership: 41.49% → 40.64% (-0.85%)
7% less funds holding
Funds holding: 71 → 66 (-5)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
33% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.91M |
| 2 |
GA
GraniteShares Advisors
New York
|
+$1.51M |
| 3 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$844K |
| 4 |
SOA
Sea Otter Advisors
Miami,
Florida
|
+$606K |
| 5 |
PA
Parallel Advisors
San Francisco,
California
|
+$313K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.01M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.57M |
| 3 |
PAS
Park Avenue Securities
New York
|
-$934K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$836K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$803K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
76
IFP Advisors
Tampa,
Florida
| – | -$36K | -4,390 | Closed |
|
|
NECFA
77
New England Capital Financial Advisors
Meriden,
Connecticut
| – | -$19.4K | -2,417 | Closed |
|
78
US Bancorp
Minneapolis,
Minnesota
| – | -$2.47K | -325 | Closed |
|
|
MCC
79
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$1.9K | -250 | Closed |
|
80
Fidelity Investments
Boston,
Massachusetts
| – | -$23 | -3 | Closed |
|
BRW Hedge Fund Activity: Q1 2023 in Review
66 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2023, worth a combined $141M — up 4.8% from $134M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BRW and 10 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 14 added.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $3.91M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.01M.
- 66 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2023, down from 71 in Q4 2022.
- Funds reported $141M of Saba Capital Income & Opportunities Fund stock for Q1 2023, up 4.8% quarter-over-quarter.
- 10 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2023 and 14 closed out, a net change of -4 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2023 was Thomas J. Herzfeld Advisors, an estimated $3.91M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2023 was Rivernorth Capital Management, an estimated $3.01M sold.
Based on aggregated 13F filings for Q1 2023.