Saba Capital Income & Opportunities Fund
BRW
93 hedge funds and large institutions have $234M invested in Saba Capital Income & Opportunities Fund in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 17 reducing their positions, and 11 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 17
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
2% more capital invested
Capital invested by funds: $229M → $234M (+$4.75M)
0.97% more ownership
Funds ownership: 14.1% → 15.07% (+0.97%)
1% less funds holding
Funds holding: 94 → 93 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.52M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.91M |
| 3 |
CA
Clearstead Advisors
Cleveland,
Ohio
|
+$1.75M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$1.47M |
| 5 |
BlackRock
New York
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.76M |
| 2 |
OFG
OTA Financial Group
Purchase,
New York
|
-$570K |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$541K |
| 4 |
SRC
Shufro Rose & Co
New York
|
-$294K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$278K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$61K | -5,651 | Closed |
|
|
CL
102
Choreo LLC
Rockford,
Illinois
| – | -$57K | -5,323 | Closed |
|
|
TSS
103
Two Sigma Securities
New York
| – | -$54K | -5,010 | Closed |
|
|
GI
104
Gradient Investments
Arden Hills,
Minnesota
| – | -$53K | -4,910 | Closed |
|
|
DADC
105
D.A. Davidson & Co
Great Falls,
Montana
| – | -$45K | -4,250 | Closed |
|
|
NFG
106
Next Financial Group
Houston,
Texas
| – | -$3K | -250 | Closed |
|
|
CFA
107
Carroll Financial Associates
Charlotte,
North Carolina
| – | +$944 | +90 | New |
|
BRW Hedge Fund Activity: Q3 2017 in Review
93 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2017, worth a combined $234M — up 2.1% from $229M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BRW positions and 11 closed out — a net gain of 1 holder — while 32 added to existing stakes and 17 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.52M. The largest seller was Bank of America, cutting an estimated $1.76M.
- 93 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2017, down from 94 in Q2 2017.
- Funds reported $234M of Saba Capital Income & Opportunities Fund stock for Q3 2017, up 2.1% quarter-over-quarter.
- 12 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2017 and 11 closed out, a net change of +1 holder.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2017 was Rivernorth Capital Management, an estimated $5.52M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2017 was Bank of America, an estimated $1.76M sold.
Based on aggregated 13F filings for Q3 2017.