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BRW

Saba Capital Income & Opportunities Fund
BRW

113 hedge funds and large institutions have $272M invested in Saba Capital Income & Opportunities Fund in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 34 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $239M → $272M (+$33.3M)

0.25% more ownership

Funds ownership: 18.97% → 19.23% (+0.25%)

3% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 34

5% less funds holding

Funds holding: 119 → 113 (-6)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

26% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 19

Holders
113
Holders Change
-6
Holders Change %
-5.04%
% of All Funds
2.45%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.11%
New
14
Increased
33
Reduced
34
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$21.4M
2
EVM
Eaton Vance Management
Massachusetts
+$4.9M
3
UBS Group
UBS Group
Switzerland
+$3.86M
4
BPCM
Beach Point Capital Management
California
+$3.44M
5
RCM
Rivernorth Capital Management
Florida
+$2.12M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$8.53M
2
OHA
Oak Hill Advisors
New York
-$6.25M
3
CRC
Curi RMB Capital
Illinois
-$3.11M
4
PPA
Parametric Portfolio Associates
Washington
-$2.46M
5
Morgan Stanley
Morgan Stanley
New York
-$2.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAL
101
Capital Analysts LLC
Pennsylvania
$6K – – –
PCG
102
Private Capital Group
Connecticut
$6K – – –
CAC
103
Certified Advisory Corp
Florida
$6K +$95 +10 +2%
FEG
104
Financial Enhancement Group
Indiana
$5K +$2.37K +250 +100%
SWM
105
SeaCrest Wealth Management
New York
$4K – – –
Bank of Montreal
106
Bank of Montreal
Ontario, Canada
$3K – – –
FHB
107
First Hawaiian Bank
Hawaii
$3K – – –
NSIM
108
North Star Investment Management
Illinois
$3K – – –
RCM
109
Requisite Capital Management
Texas
$3K +$2.98K +315 New
RIA
110
Realta Investment Advisors
Delaware
$3K +$3.24K +342 New
FHA
111
Flagship Harbor Advisors
Massachusetts
$2K – – –
APA
112
American Portfolios Advisors
New York
$1.05K +$1.04K +110 New
PFGIA
113
Patriot Financial Group Insurance Agency
Massachusetts
$1K +$19 +2 +2%
CA
114
Cetera Advisors
Colorado
– -$1.44M -160,870 Closed
ADBIC
115
A.D. Beadell Investment Counsel
Wisconsin
– -$726K -80,900 Closed
AC
116
Almitas Capital
California
– -$654K -72,878 Closed
OMC
117
Old Mission Capital
Illinois
– -$613K -68,231 Closed
1832 Asset Management
118
1832 Asset Management
Ontario, Canada
– -$393K -43,815 Closed
WAM
119
Weiss Asset Management
Massachusetts
– -$248K -27,616 Closed
NAM
120
NTV Asset Management
West Virginia
– -$240K -26,750 Closed
KA
121
Klingman & Associates
New York
– -$171K -19,000 Closed
Jane Street
122
Jane Street
New York
– -$123K -13,644 Closed
FAAS
123
First Allied Advisory Services
California
– -$104K -11,909 Closed
AGM
124
Alpine Global Management
New York
– -$99K -11,036 Closed
SBH
125
Segall Bryant & Hamill
Illinois
– -$59K -6,623 Closed
2 3 4
5
6

BRW Hedge Fund Activity: Q1 2019 in Review

113 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2019, worth a combined $272M — up 14% from $239M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of BRW and 14 opened new positions — a net loss of 5 holders — while 34 trimmed existing stakes and 33 added.

The largest buyer was Saba Capital Management, adding an estimated $21.4M. The largest seller was JP Morgan Chase, cutting an estimated $8.53M.

  • 113 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2019, down from 119 in Q4 2018.
  • Funds reported $272M of Saba Capital Income & Opportunities Fund stock for Q1 2019, up 14% quarter-over-quarter.
  • 14 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2019 and 19 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2019 was Saba Capital Management, an estimated $21.4M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2019 was JP Morgan Chase, an estimated $8.53M sold.

Based on aggregated 13F filings for Q1 2019.