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BRW

Saba Capital Income & Opportunities Fund
BRW

101 hedge funds and large institutions have $244M invested in Saba Capital Income & Opportunities Fund in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 29 increasing their positions, 24 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

21% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 24

5% more funds holding

Funds holding: 96 → 101 (+5)

0.02% more ownership

Funds ownership: 16.3% → 16.33% (+0.02%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less capital invested

Capital invested by funds: $252M → $244M (-$8.82M)

Holders
101
Holders Change
+5
Holders Change %
+5.21%
% of All Funds
2.31%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
29
Reduced
24
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAMU
Amundi Asset Management US
Massachusetts
+$10.1M
2
RVPG
Relative Value Partners Group
+$6.28M
3
Morgan Stanley
Morgan Stanley
New York
+$3.41M
4
CA
Cetera Advisors
Colorado
+$1.68M
5
Bank of America
Bank of America
North Carolina
+$1.14M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$17M
2
EVM
Eaton Vance Management
Massachusetts
-$5.3M
3
SCM
Saba Capital Management
New York
-$2.11M
4
SIA
Sit Investment Associates
Minnesota
-$1.46M
5
Bessemer Group
Bessemer Group
New Jersey
-$937K
Name Holding Trade Value Shares
Change 		Change in
Stake
FEG
101
Financial Enhancement Group
Indiana
$3K – – –
NSIM
102
North Star Investment Management
Illinois
$3K – – –
APA
103
American Portfolios Advisors
New York
$1.26K +$1.28K +125 New
SPIA
104
Steward Partners Investment Advisory
New York
$1K +$666 +65 New
SCM
105
Saba Capital Management
New York
– -$2.11M -202,549 Closed
PPA
106
Parametric Portfolio Associates
Washington
– -$219K -21,010 Closed
HWA
107
HCR Wealth Advisors
California
– -$88K -8,398 Closed
Susquehanna International Group
108
Susquehanna International Group
Pennsylvania
– -$66K -6,305 Closed
SP
109
Successful Portfolios
Florida
– -$52K -5,000 Closed
SWP
110
Stratos Wealth Partners
Ohio
– -$23K -2,175 Closed
WAM
111
Wealthspire Advisors (Maryland)
Maryland
– -$18K -1,705 Closed
PFGIA
112
Patriot Financial Group Insurance Agency
Massachusetts
– -$3K -307 Closed
APP
113
Avantax Planning Partners
Iowa
– -$2K -175 Closed
RFM
114
Royal Fund Management
Florida
– -$1K -147 Closed
1 2 3 4
5

BRW Hedge Fund Activity: Q2 2018 in Review

101 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2018, worth a combined $244M — down 3.5% from $252M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new BRW positions and 10 closed out — a net gain of 6 holders — while 29 added to existing stakes and 24 trimmed.

The largest buyer was Amundi Asset Management US, opening a new position worth an estimated $10.1M. The largest seller was Baillie Gifford & Co, cutting an estimated $17M.

  • 101 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2018, up from 96 in Q1 2018.
  • Funds reported $244M of Saba Capital Income & Opportunities Fund stock for Q2 2018, down 3.5% quarter-over-quarter.
  • 16 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2018 and 10 closed out, a net change of +6 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2018 was Amundi Asset Management US, an estimated $10.1M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2018 was Baillie Gifford & Co, an estimated $17M sold.

Based on aggregated 13F filings for Q2 2018.