Saba Capital Income & Opportunities Fund
BRW
81 hedge funds and large institutions have $314M invested in Saba Capital Income & Opportunities Fund in 2021 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 22 closing their positions.
4.34% more ownership
Funds ownership: 23.07% → 27.41% (+4.3%)
3% more capital invested
Capital invested by funds: $305M → $314M (+$8.35M)
5% less funds holding
Funds holding: 85 → 81 (-4)
14% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 22
18% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 22
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$10.9M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$6.2M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$4.47M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$3.17M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ISSM
Invesco Senior Secured Management
New York
|
-$9.41M |
| 2 |
SCM
Saba Capital Management
New York
|
-$6.29M |
| 3 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$5.48M |
| 4 |
Morgan Stanley
New York
|
-$4.68M |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$2.66M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NSIM
101
North Star Investment Management
Chicago,
Illinois
| – | -$3K | -300 | Closed |
|
102
Fidelity Investments
Boston,
Massachusetts
| – | +$19 | +2 | New |
|
BRW Hedge Fund Activity: Q2 2021 in Review
81 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2021, worth a combined $314M — up 2.7% from $305M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of BRW and 18 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 19 added.
The largest buyer was Relative Value Partners Group, adding an estimated $10.9M. The largest seller was Invesco Senior Secured Management, exiting entirely with an estimated $9.41M sold.
- 81 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2021, down from 85 in Q1 2021.
- Funds reported $314M of Saba Capital Income & Opportunities Fund stock for Q2 2021, up 2.7% quarter-over-quarter.
- 18 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2021 and 22 closed out, a net change of -4 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q2 2021 was Relative Value Partners Group, an estimated $10.9M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q2 2021 was Invesco Senior Secured Management, an estimated $9.41M sold.
Based on aggregated 13F filings for Q2 2021.