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BRW

Saba Capital Income & Opportunities Fund
BRW

110 hedge funds and large institutions have $231M invested in Saba Capital Income & Opportunities Fund in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 23 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 23

3% less funds holding

Funds holding: 113 → 110 (-3)

3.06% less ownership

Funds ownership: 19.23% → 16.17% (-3.1%)

12% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 17

15% less capital invested

Capital invested by funds: $272M → $231M (-$40.7M)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
110
Holders Change
-3
Holders Change %
-2.65%
% of All Funds
2.39%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.09%
New
15
Increased
38
Reduced
23
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$9.91M
2
VEA
Virtus ETF Advisers
New York
+$2.33M
3
BPCM
Beach Point Capital Management
California
+$2.18M
4
PAG
Private Advisor Group
New Jersey
+$1.66M
5
CA
Cetera Advisors
Colorado
+$1.53M

Top Sellers

Rank Fund Capital Flow
1
AAMU
Amundi Asset Management US
Massachusetts
-$17.2M
2
COLIM
City of London Investment Management
United Kingdom
-$4.46M
3
Morgan Stanley
Morgan Stanley
New York
-$1.19M
4
Wells Fargo
Wells Fargo
California
-$538K
5
PP
Prudential plc
United Kingdom
-$509K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
101
Fifth Third Bancorp
Ohio
$7K – – –
CAC
102
Certified Advisory Corp
Florida
$6K – – –
PCG
103
Private Capital Group
Connecticut
$6K – – –
FEG
104
Financial Enhancement Group
Indiana
$5K – – –
CFA
105
Carroll Financial Associates
North Carolina
$5K +$5.8K +604 New
Bank of Montreal
106
Bank of Montreal
Ontario, Canada
$3K – – –
FHA
107
Flagship Harbor Advisors
Massachusetts
$2K – – –
APA
108
American Portfolios Advisors
New York
$1.05K – – –
PFGIA
109
Patriot Financial Group Insurance Agency
Massachusetts
$1K +$19 +2 +2%
ASN
110
Advisory Services Network
Georgia
$1K +$835 +87 New
AAMU
111
Amundi Asset Management US
Massachusetts
– -$17.2M -1,802,892 Closed
COLIM
112
City of London Investment Management
United Kingdom
– -$4.46M -467,471 Closed
SB
113
Suntrust Banks
Georgia
– -$483K -50,500 Closed
GC
114
Guggenheim Capital
Illinois
– -$413K -43,170 Closed
RCM
115
Robinson Capital Management
Michigan
– -$296K -30,975 Closed
Citadel Advisors
116
Citadel Advisors
Florida
– -$126K -13,202 Closed
CF
117
Copperwynd Financial
Arizona
– -$124K -12,987 Closed
P
118
&Partners
Tennessee
– -$107K -11,150 Closed
Northern Trust
119
Northern Trust
Illinois
– -$96K -10,000 Closed
HighTower Advisors
120
HighTower Advisors
Illinois
– -$57K -5,887 Closed
WCM
121
WealthBridge Capital Management
Ohio
– -$19K -2,000 Closed
AF
122
Allworth Financial
California
– -$9K -913 Closed
GWM
123
Geneos Wealth Management
Colorado
– -$8K -908 Closed
SWM
124
SeaCrest Wealth Management
New York
– -$4K -464 Closed
FHB
125
First Hawaiian Bank
Hawaii
– -$3K -323 Closed
2 3 4
5
6

BRW Hedge Fund Activity: Q2 2019 in Review

110 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2019, worth a combined $231M — down 15% from $272M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BRW and 15 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 38 added.

The largest buyer was Saba Capital Management, adding an estimated $9.91M. The largest seller was Amundi Asset Management US, exiting entirely with an estimated $17.2M sold.

  • 110 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2019, down from 113 in Q1 2019.
  • Funds reported $231M of Saba Capital Income & Opportunities Fund stock for Q2 2019, down 15% quarter-over-quarter.
  • 15 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2019 and 17 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2019 was Saba Capital Management, an estimated $9.91M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2019 was Amundi Asset Management US, an estimated $17.2M sold.

Based on aggregated 13F filings for Q2 2019.