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BRW

Saba Capital Income & Opportunities Fund
BRW

92 hedge funds and large institutions have $274M invested in Saba Capital Income & Opportunities Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 34 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.06% more ownership

Funds ownership: 18.89% → 24.96% (+6.1%)

13% less funds holding

Funds holding: 106 → 92 (-14)

17% less capital invested

Capital invested by funds: $332M → $274M (-$58M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

38% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 34

50% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 22

Holders
92
Holders Change
-14
Holders Change %
-13.21%
% of All Funds
2.03%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
11
Increased
21
Reduced
34
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$46.9M
2
RCM
Rivernorth Capital Management
Florida
+$4.3M
3
CCP
Clough Capital Partners
Massachusetts
+$2.09M
4
Stifel Financial
Stifel Financial
Missouri
+$1.86M
5
COLIM
City of London Investment Management
United Kingdom
+$537K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$3.85M
2
VCM
Vivaldi Capital Management
Illinois
-$3.18M
3
PPA
Parametric Portfolio Associates
Washington
-$3.02M
4
Invesco
Invesco
Georgia
-$1.32M
5
QGA
Q Global Advisors
Texas
-$1.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
SMH
101
Sanders Morris Harris
Texas
– -$59K -6,200 Closed
ACM
102
Adalta Capital Management
New York
– -$60K -6,000 Closed
IAN
103
Integrated Advisors Network
Texas
– -$50K -5,000 Closed
HWM
104
Howard Wealth Management
Connecticut
– -$24K -2,400 Closed
BCI
105
Brinker Capital Investments
Pennsylvania
– -$20K -1,962 Closed
RIA
106
Realta Investment Advisors
Delaware
– -$14K -1,488 Closed
S
107
SignatureFD
Georgia
– -$13K -1,250 Closed
CAL
108
Capital Analysts LLC
Pennsylvania
– -$7K -700 Closed
CFA
109
Carroll Financial Associates
North Carolina
– -$2K -207 Closed
ASN
110
Advisory Services Network
Georgia
– -$1K -87 Closed
WLPWM
111
Walled Lake Planning & Wealth Management
Illinois
– +$551 +58 New
1 2 3 4
5

BRW Hedge Fund Activity: Q1 2020 in Review

92 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2020, worth a combined $274M — down 17% from $332M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of BRW and 11 opened new positions — a net loss of 11 holders — while 34 trimmed existing stakes and 21 added.

The largest buyer was Saba Capital Management, adding an estimated $46.9M. The largest seller was UBS Group, cutting an estimated $3.85M.

  • 92 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2020, down from 106 in Q4 2019.
  • Funds reported $274M of Saba Capital Income & Opportunities Fund stock for Q1 2020, down 17% quarter-over-quarter.
  • 11 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2020 and 22 closed out, a net change of -11 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q1 2020 was Saba Capital Management, an estimated $46.9M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q1 2020 was UBS Group, an estimated $3.85M sold.

Based on aggregated 13F filings for Q1 2020.