Saba Capital Income & Opportunities Fund
BRW
72 hedge funds and large institutions have $99.2M invested in Saba Capital Income & Opportunities Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 16 reducing their positions, and 11 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 16
5% less funds holding
Funds holding: 76 → 72 (-4)
6.33% less ownership
Funds ownership: 38.16% → 31.83% (-6.3%)
21% less capital invested
Capital invested by funds: $125M → $99.2M (-$26M)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.61M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$948K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$862K |
| 4 |
MGWM
Marks Group Wealth Management
Minnetonka,
Minnesota
|
+$766K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$516K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$6.41M |
| 2 |
SCM
Saba Capital Management
New York
|
-$5.95M |
| 3 |
Morgan Stanley
New York
|
-$4.96M |
| 4 |
SWP
Significant Wealth Partners
Cary,
Illinois
|
-$3.9M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.97M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SOA
76
Sea Otter Advisors
Miami,
Florida
| – | -$1.08M | -140,000 | Closed |
|
|
RCM
77
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$459K | -59,353 | Closed |
|
78
AllianceBernstein
Nashville,
Tennessee
| – | -$127K | -16,500 | Closed |
|
|
IP
79
Ignite Planners
San Clemente,
California
| – | -$97.8K | -12,673 | Closed |
|
80
Nomura Holdings
Tokyo,
Japan
| – | -$90.9K | -11,794 | Closed |
|
81
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$39.7K | -5,149 | Closed |
|
|
TC
82
Truvestments Capital
Sarasota,
Florida
| – | -$5.78K | -750 | Closed |
|
|
GI
83
Gradient Investments
Arden Hills,
Minnesota
| – | -$3.85K | -500 | Closed |
|
|
MSWM
84
McGlone Suttner Wealth Management
Appleton,
Wisconsin
| – | -$3.65K | -474 | Closed |
|
BRW Hedge Fund Activity: Q1 2024 in Review
72 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2024, worth a combined $99.2M — down 21% from $125M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BRW and 8 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 25 added.
The largest buyer was Landscape Capital Management, adding an estimated $1.61M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $6.41M.
- 72 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2024, down from 76 in Q4 2023.
- Funds reported $99.2M of Saba Capital Income & Opportunities Fund stock for Q1 2024, down 21% quarter-over-quarter.
- 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2024 and 11 closed out, a net change of -3 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2024 was Landscape Capital Management, an estimated $1.61M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2024 was Thomas J. Herzfeld Advisors, an estimated $6.41M sold.
Based on aggregated 13F filings for Q1 2024.