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BRW

Saba Capital Income & Opportunities Fund

113 hedge funds and large institutions have $230M invested in Saba Capital Income & Opportunities Fund in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 11

22% more funds holding

Funds holding: 93113 (+20)

0.3% more ownership

Funds ownership: 15.07%15.37% (+0.3%)

2% less capital invested

Capital invested by funds: $234M → $230M (-$3.64M)

20% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 30

Holders
113
Holders Change
+20
Holders Change %
+21.51%
% of All Funds
2.56%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
32
Increased
24
Reduced
30
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BFEC
101
Benjamin F. Edwards & Company
Missouri
$8K -$5.17K -505 -40%
AF
102
Allworth Financial
California
$8K +$102 +10 +1%
CAC
103
Certified Advisory Corp
Florida
$6K +$6.47K +632 New
SEI Investments
104
SEI Investments
Pennsylvania
$5K
MOS
105
MGO One Seven
Ohio
$4K +$3.98K +389 New
RFM
106
Royal Fund Management
Florida
$4K +$4.84K +473 New
IWM
107
IHT Wealth Management
Illinois
$3K -$7K -684 -68%
Bank of Montreal
108
Bank of Montreal
Ontario, Canada
$3K
NSIM
109
North Star Investment Management
Illinois
$3K
PFGIA
110
Patriot Financial Group Insurance Agency
Massachusetts
$3K
WEC
111
Winslow Evans & Crocker
Massachusetts
$1.88K
Kovitz Investment Group Partners
112
Kovitz Investment Group Partners
Illinois
$448 -$4.61K -450 -1%
Walleye Trading
113
Walleye Trading
New York
$279 +$281K +27,500 New
PCG
114
Private Capital Group
Connecticut
$6 +$57.4K +5,609 New
Loomis, Sayles & Company
115
Loomis, Sayles & Company
Massachusetts
-$4.38M -418,878 Closed
CA
116
Cetera Advisors
Colorado
-$1.82M -173,926 Closed
CA
117
Clearstead Advisors
Ohio
-$1.74M -166,626 Closed
RJFSA
118
Raymond James Financial Services Advisors
Florida
-$441K -42,128 Closed
HighTower Advisors
119
HighTower Advisors
Illinois
-$325K -31,146 Closed
NPC
120
National Planning Corporation
California
-$167K -15,987 Closed
JCM
121
Janney Capital Management
Pennsylvania
-$87K -8,353 Closed
Northwestern Mutual Wealth Management
122
Northwestern Mutual Wealth Management
Wisconsin
-$33K -3,201 Closed
First Manhattan
123
First Manhattan
New York
-$13K -1,250 Closed
US Bancorp
124
US Bancorp
Minnesota
-$6K -569 Closed
SPIA
125
Steward Partners Investment Advisory
New York
-$4K -400 Closed

BRW Hedge Fund Activity: Q4 2017 in Review

113 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2017, worth a combined $230M — down 1.6% from $234M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BRW positions and 11 closed out — a net gain of 21 holders — while 24 added to existing stakes and 30 trimmed.

The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $5.68M. The largest seller was Invesco, cutting an estimated $17.7M.

  • 113 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2017, up from 93 in Q3 2017.
  • Funds reported $230M of Saba Capital Income & Opportunities Fund stock for Q4 2017, down 1.6% quarter-over-quarter.
  • 32 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2017 and 11 closed out, a net change of +21 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2017 was Financial & Investment Management Group, an estimated $5.68M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2017 was Invesco, an estimated $17.7M sold.

Based on aggregated 13F filings for Q4 2017.