Saba Capital Income & Opportunities Fund
BRW
96 hedge funds and large institutions have $345M invested in Saba Capital Income & Opportunities Fund in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 20 increasing their positions, 30 reducing their positions, and 15 closing their positions.
27% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 15
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
4% more funds holding
Funds holding: 92 → 96 (+4)
3.98% more ownership
Funds ownership: 22.85% → 26.83% (+4%)
2% less capital invested
Capital invested by funds: $352M → $345M (-$7.39M)
33% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.07M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$4.89M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$3.18M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$2.72M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
+$2.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$14.4M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.88M |
| 3 |
NCM
Next Capital Management
New York
|
-$7.17M |
| 4 |
Morgan Stanley
New York
|
-$6.7M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SW
101
SVB Wealth
Boston,
Massachusetts
| – | -$80K | -9,100 | Closed |
|
|
EPA
102
Element Pointe Advisors
Miami,
Florida
| – | -$76K | -8,630 | Closed |
|
|
AAS
103
Avantax Advisory Services
Dallas,
Texas
| – | -$65K | -7,293 | Closed |
|
|
BBPWM
104
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$24K | -2,675 | Closed |
|
|
SIA
105
SeaBridge Investment Advisors
Summit,
New Jersey
| – | -$9K | -1,000 | Closed |
|
|
DI
106
Disciplined Investments
Tulsa,
Oklahoma
| – | -$3K | -321 | Closed |
|
|
PFGIA
107
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$1K | -120 | Closed |
|
|
WLPWM
108
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | -$255 | -29 | -49% |
|
109
Fidelity Investments
Boston,
Massachusetts
| – | +$18 | +2 | New |
|
BRW Hedge Fund Activity: Q4 2020 in Review
96 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2020, worth a combined $345M — down 2.1% from $352M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BRW positions and 15 closed out — a net gain of 4 holders — while 20 added to existing stakes and 30 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $5.07M. The largest seller was Relative Value Partners Group, cutting an estimated $14.4M.
- 96 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2020, up from 92 in Q3 2020.
- Funds reported $345M of Saba Capital Income & Opportunities Fund stock for Q4 2020, down 2.1% quarter-over-quarter.
- 19 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2020 and 15 closed out, a net change of +4 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2020 was Sit Investment Associates, an estimated $5.07M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2020 was Relative Value Partners Group, an estimated $14.4M sold.
Based on aggregated 13F filings for Q4 2020.