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BRW

Saba Capital Income & Opportunities Fund
BRW

93 hedge funds and large institutions have $99.6M invested in Saba Capital Income & Opportunities Fund in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 10

102.1% more ownership

Funds ownership: 28.25% → 130.35% (+102%)

45% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 20

16% more funds holding

Funds holding: 80 → 93 (+13)

3% more capital invested

Capital invested by funds: $96.9M → $99.6M (+$2.73M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
93
Holders Change
+13
Holders Change %
+16.25%
% of All Funds
1.22%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
23
Increased
29
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GP
Gridiron Partners
Pennsylvania
+$350M
2
PCM
Penserra Capital Management
California
+$9.62M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
+$5.99M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$5.41M
5
SMA
Seven Mile Advisory
New Jersey
+$5.01M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$12.3M
2
AIA
Absolute Investment Advisers
Florida
-$5.36M
3
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$3.48M
4
ISSM
Invesco Senior Secured Management
New York
-$3.19M
5
QL
Quarry LP
New York
-$1.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
WPA
76
Wealth Preservation Advisors
Tennessee
$15.5K – – –
AAS
77
Ameritas Advisory Services
Nebraska
$14.9K – – –
CAL
78
Capital Advisors Ltd
Ohio
$13K – – –
CWM
79
Consultiva Wealth Management
Puerto Rico
$10.5K – – –
NC
80
North Capital
Utah
$9.87K +$8 +1 +0.1%
SWM
81
Spire Wealth Management
Virginia
$7.77K – – –
FC
82
Financial Consulate
Maryland
$7.77K +$8.22K +1,000 New
Carson Wealth (CWM LLC)
83
Carson Wealth (CWM LLC)
Nebraska
$7K +$7.01K +853 New
WANY
84
Wealthspire Advisors (New York)
New York
$4.83K +$5.12K +622 New
FFA
85
Farther Finance Advisors
California
$4.66K +$4.93K +600 New
ETS
86
ESL Trust Services
New York
$3.89K +$4.12K +501 New
KTC
87
Kentucky Trust Company
Kentucky
$3.88K – – –
BAM
88
Bellevue Asset Management
Washington
$3.26K – – –
SPIA
89
Steward Partners Investment Advisory
New York
$3.11K – – –
HWP
90
Highline Wealth Partners
California
$2.72K +$2.88K +350 New
GRP
91
Global Retirement Partners
California
$1.45K – – –
ASN
92
Advisory Services Network
Georgia
$1.17K +$1.23K +150 New
HNB
93
Huntington National Bank
Ohio
$6 – – –
Wells Fargo
94
Wells Fargo
California
$5 – – –
ISSM
95
Invesco Senior Secured Management
New York
– -$3.19M -395,337 Closed
AC
96
Almitas Capital
California
– -$450K -55,799 Closed
Millennium Management
97
Millennium Management
New York
– -$290K -35,941 Closed
LNWWM
98
Laird Norton Wetherby Wealth Management
California
– -$202K -25,107 Closed
KPWS
99
Kestra Private Wealth Services
Texas
– -$156K -19,362 Closed
HF
100
HRT Financial
New York
– -$152K -18,909 Closed
1 2 3
4
5

BRW Hedge Fund Activity: Q3 2025 in Review

93 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2025, worth a combined $99.6M — up 2.8% from $96.9M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new BRW positions and 10 closed out — a net gain of 13 holders — while 29 added to existing stakes and 20 trimmed.

The largest buyer was Gridiron Partners, adding an estimated $350M. The largest seller was Rivernorth Capital Management, cutting an estimated $12.3M.

  • 93 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2025, up from 80 in Q2 2025.
  • Funds reported $99.6M of Saba Capital Income & Opportunities Fund stock for Q3 2025, up 2.8% quarter-over-quarter.
  • 23 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2025 and 10 closed out, a net change of +13 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2025 was Gridiron Partners, an estimated $350M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $12.3M sold.

Based on aggregated 13F filings for Q3 2025.