Saba Capital Income & Opportunities Fund
BRW
94 hedge funds and large institutions have $229M invested in Saba Capital Income & Opportunities Fund in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 13 closing their positions.
5% more capital invested
Capital invested by funds: $219M → $229M (+$10.4M)
0.74% more ownership
Funds ownership: 13.36% → 14.1% (+0.74%)
0% more funds holding
Funds holding: 94 → 94 (0)
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
4% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$7.33M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$5.58M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$2.88M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$591K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$5.07M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$3.7M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.72M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$1.72M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$948K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIP
101
Jaffetilchin Investment Partners
Tampa,
Florida
| – | -$138K | -12,779 | Closed |
|
102
Goldman Sachs
New York
| – | -$128K | -11,823 | Closed |
|
103
M&T Bank
Buffalo,
New York
| – | -$114K | -10,493 | Closed |
|
|
AGM
104
Alpine Global Management
New York
| – | -$111K | -10,290 | Closed |
|
105
Bank of New York Mellon
New York
| – | -$109K | -10,044 | Closed |
|
106
Jane Street
New York
| – | -$106K | -9,761 | Closed |
|
107
Citadel Advisors
Miami,
Florida
| – | -$94K | -8,651 | Closed |
|
|
FIMG
108
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$68K | -6,275 | Closed |
|
|
PP
109
Paloma Partners
Greenwich,
Connecticut
| – | -$60K | -5,534 | Closed |
|
|
AWM
110
AE Wealth Management
Topeka,
Kansas
| – | -$60K | -5,527 | Closed |
|
BRW Hedge Fund Activity: Q2 2017 in Review
94 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2017, worth a combined $229M — up 4.8% from $219M a quarter earlier.
Fund positioning in BRW was balanced in Q2 2017: 13 funds opened new positions, 13 closed out, 24 added to existing stakes and 25 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.4M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $5.07M sold.
- 94 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2017, unchanged from Q1 2017.
- Funds reported $229M of Saba Capital Income & Opportunities Fund stock for Q2 2017, up 4.8% quarter-over-quarter.
- 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2017 and 13 closed out, a net change of 0 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q2 2017 was Rivernorth Capital Management, an estimated $10.4M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q2 2017 was Janus Henderson Group, an estimated $5.07M sold.
Based on aggregated 13F filings for Q2 2017.