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BRW

Saba Capital Income & Opportunities Fund
BRW

119 hedge funds and large institutions have $239M invested in Saba Capital Income & Opportunities Fund in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 29 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more funds holding in top 10

Funds holding in top 10: 1 → 6 (+5)

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

3% more funds holding

Funds holding: 115 → 119 (+4)

2.15% more ownership

Funds ownership: 16.82% → 18.97% (+2.1%)

5% less capital invested

Capital invested by funds: $251M → $239M (-$12.1M)

22% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 37

Holders
119
Holders Change
+4
Holders Change %
+3.48%
% of All Funds
2.65%
Holding in Top 10
6
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+500%
% of All Funds
0.13%
New
21
Increased
29
Reduced
37
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$10.9M
2
SCM
Saba Capital Management
New York
+$10.9M
3
OHA
Oak Hill Advisors
New York
+$8.77M
4
CRC
Curi RMB Capital
Illinois
+$3.92M
5
PPA
Parametric Portfolio Associates
Washington
+$2.77M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$7.62M
2
CWM
Cornerstone Wealth Management
Missouri
-$3.94M
3
NMC
Nine Masts Capital
Hong Kong
-$2.76M
4
Bessemer Group
Bessemer Group
New Jersey
-$2.47M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$2.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
QAM
101
QCI Asset Management
New York
$17K – – –
CAL
102
Capital Advisors Ltd
Ohio
$15K – – –
AAMU
103
Amundi Asset Management US
Massachusetts
$14.4K – – –
HNB
104
Huntington National Bank
Ohio
$9K – – –
SIA
105
SeaBridge Investment Advisors
New Jersey
$9K – – –
GWM
106
Geneos Wealth Management
Colorado
$8K – – –
AF
107
Allworth Financial
California
$8K +$124 +13 +1%
CAL
108
Capital Analysts LLC
Pennsylvania
$6K – – –
CAC
109
Certified Advisory Corp
Florida
$6K – – –
PCG
110
Private Capital Group
Connecticut
$6K – – –
SWM
111
SeaCrest Wealth Management
New York
$4K -$4.21K -442 -49%
Bank of Montreal
112
Bank of Montreal
Ontario, Canada
$3K – – –
FHB
113
First Hawaiian Bank
Hawaii
$3K – – –
NSIM
114
North Star Investment Management
Illinois
$3K – – –
MOS
115
MGO One Seven
Ohio
$3K +$4.06K +427 New
FEG
116
Financial Enhancement Group
Indiana
$2K – – –
FIA
117
FNY Investment Advisers
New York
$1K -$952 -100 -33%
PFGIA
118
Patriot Financial Group Insurance Agency
Massachusetts
$1K – – –
FHA
119
Flagship Harbor Advisors
Massachusetts
$1K +$2.03K +213 New
NMC
120
Nine Masts Capital
Hong Kong
– -$2.76M -276,950 Closed
Bessemer Group
121
Bessemer Group
New Jersey
– -$2.47M -248,047 Closed
CS
122
Comerica Securities
Michigan
– -$1.27M -127,167 Closed
SKK
123
Shepherd Kaplan Krochuk
Massachusetts
– -$514K -51,605 Closed
G
124
GenTrust
Florida
– -$307K -30,858 Closed
Walleye Trading
125
Walleye Trading
New York
– -$274K -27,500 Closed
2 3 4
5
6

BRW Hedge Fund Activity: Q4 2018 in Review

119 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2018, worth a combined $239M — down 4.8% from $251M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BRW positions and 16 closed out — a net gain of 5 holders — while 29 added to existing stakes and 37 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.9M. The largest seller was Morgan Stanley, cutting an estimated $7.62M.

  • 119 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2018, up from 115 in Q3 2018.
  • Funds reported $239M of Saba Capital Income & Opportunities Fund stock for Q4 2018, down 4.8% quarter-over-quarter.
  • 21 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2018 and 16 closed out, a net change of +5 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $10.9M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2018 was Morgan Stanley, an estimated $7.62M sold.

Based on aggregated 13F filings for Q4 2018.