Saba Capital Income & Opportunities Fund
BRW
89 hedge funds and large institutions have $177M invested in Saba Capital Income & Opportunities Fund in 2021 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 14 closing their positions.
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
10% more funds holding
Funds holding: 81 → 89 (+8)
3% more capital invested
Capital invested by funds: $172M → $177M (+$5.03M)
0.54% more ownership
Funds ownership: 15.61% → 16.16% (+0.54%)
19% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ISSM
Invesco Senior Secured Management
New York
|
+$3.62M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.58M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.57M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.47M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.25M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$1.97M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.4M |
| 4 |
Millennium Management
New York
|
-$724K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$682K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CT
101
Caldwell Trust
Venice,
Florida
| – | -$1.59K | -175 | Closed |
|
102
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$82 | +9 | New |
|
|
WFS
103
Widmann Financial Services
Bowie,
Maryland
| – | +$549 | +60 | New |
|
BRW Hedge Fund Activity: Q4 2021 in Review
89 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2021, worth a combined $177M — up 2.9% from $172M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new BRW positions and 14 closed out — a net gain of 9 holders — while 21 added to existing stakes and 26 trimmed.
The largest buyer was Invesco Senior Secured Management, opening a new position worth an estimated $3.62M. The largest seller was Saba Capital Management, cutting an estimated $3.25M.
- 89 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2021, up from 81 in Q3 2021.
- Funds reported $177M of Saba Capital Income & Opportunities Fund stock for Q4 2021, up 2.9% quarter-over-quarter.
- 23 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2021 and 14 closed out, a net change of +9 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2021 was Invesco Senior Secured Management, an estimated $3.62M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2021 was Saba Capital Management, an estimated $3.25M sold.
Based on aggregated 13F filings for Q4 2021.