Saba Capital Income & Opportunities Fund
BRW
70 hedge funds and large institutions have $99.2M invested in Saba Capital Income & Opportunities Fund in 2024 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 10 closing their positions.
37% more capital invested
Capital invested by funds: $72.6M → $99.2M (+$26.6M)
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
6.53% more ownership
Funds ownership: 24.21% → 30.74% (+6.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 72 → 70 (-2)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$18M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$8.8M |
| 3 |
MG
Marex Group
London,
|
+$1.09M |
| 4 |
Morgan Stanley
New York
|
+$631K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$569K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.62M |
| 2 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$1.28M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.04M |
| 4 |
BFM
Boothbay Fund Management
New York
|
-$1.02M |
| 5 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$873K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LSC
76
Logan Stone Capital
Chicago,
Illinois
| – | -$105K | -14,900 | Closed |
|
|
FM
77
Family Management
New York
| – | -$88.4K | -12,563 | Closed |
|
|
SOA
78
Sea Otter Advisors
Miami,
Florida
| – | -$35.2K | -5,000 | Closed |
|
79
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2.74K | -390 | Closed |
|
|
FFA
80
Farther Finance Advisors
San Francisco,
California
| – | -$1.84K | -260 | Closed |
|
|
TFA
81
Toth Financial Advisory
Leesburg,
Virginia
| – | -$880 | -125 | Closed |
|
BRW Hedge Fund Activity: Q3 2024 in Review
70 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2024, worth a combined $99.2M — up 37% from $72.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BRW and 8 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 23 added.
The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $18M. The largest seller was Saba Capital Management, cutting an estimated $4.62M.
- 70 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2024, down from 72 in Q2 2024.
- Funds reported $99.2M of Saba Capital Income & Opportunities Fund stock for Q3 2024, up 37% quarter-over-quarter.
- 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2024 and 10 closed out, a net change of -2 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2024 was Kovitz Investment Group Partners, an estimated $18M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2024 was Saba Capital Management, an estimated $4.62M sold.
Based on aggregated 13F filings for Q3 2024.