Saba Capital Income & Opportunities Fund
BRW
76 hedge funds and large institutions have $125M invested in Saba Capital Income & Opportunities Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
12% more funds holding
Funds holding: 68 → 76 (+8)
6% more capital invested
Capital invested by funds: $118M → $125M (+$6.79M)
1.91% more ownership
Funds ownership: 36.25% → 38.16% (+1.9%)
22% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.73M |
| 2 |
RVPG
Relative Value Partners Group
|
+$1.28M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$894K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$659K |
| 5 |
AGM
Alpine Global Management
New York
|
+$611K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$3.61M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.53M |
| 3 |
QL
Quarry LP
New York
|
-$985K |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$632K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$364K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WIM
76
Westside Investment Management
Santa Monica,
California
| $771 | – | – | – |
|
|
HNB
77
Huntington National Bank
Columbus,
Ohio
| $6 | – | – | – |
|
|
CCP
78
Clough Capital Partners
Boston,
Massachusetts
| – | -$3.61M | -469,500 | Closed |
|
|
QL
79
Quarry LP
New York
| – | -$985K | -128,200 | Closed |
|
80
Walleye Capital
New York
| – | -$311K | -40,485 | Closed |
|
|
SCA
81
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$20.2K | -2,627 | Closed |
|
|
EC
82
Elequin Capital
New York
| – | -$7.68K | -1,000 | Closed |
|
BRW Hedge Fund Activity: Q4 2023 in Review
76 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2023, worth a combined $125M — up 5.7% from $118M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BRW positions and 5 closed out — a net gain of 8 holders — while 18 added to existing stakes and 23 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.73M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $3.61M sold.
- 76 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2023, up from 68 in Q3 2023.
- Funds reported $125M of Saba Capital Income & Opportunities Fund stock for Q4 2023, up 5.7% quarter-over-quarter.
- 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2023 and 5 closed out, a net change of +8 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2023 was Morgan Stanley, an estimated $4.73M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2023 was Clough Capital Partners, an estimated $3.61M sold.
Based on aggregated 13F filings for Q4 2023.