Saba Capital Income & Opportunities Fund
BRW
119 hedge funds and large institutions have $239M invested in Saba Capital Income & Opportunities Fund in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 29 increasing their positions, 37 reducing their positions, and 16 closing their positions.
500% more funds holding in top 10
Funds holding in top 10: 1 → 6 (+5)
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
3% more funds holding
Funds holding: 115 → 119 (+4)
2.15% more ownership
Funds ownership: 16.82% → 18.97% (+2.1%)
5% less capital invested
Capital invested by funds: $251M → $239M (-$12.1M)
22% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.9M |
| 2 |
SCM
Saba Capital Management
New York
|
+$10.9M |
| 3 |
OHA
Oak Hill Advisors
New York
|
+$8.77M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$3.92M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.62M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$3.94M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$2.76M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.47M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$2.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
126
Penserra Capital Management
Orinda,
California
| – | -$174K | -17,559 | Closed |
|
|
CWM
127
Cornerstone Wealth Management
St. Peters,
Missouri
| – | -$3.94M | -10,192 | Closed |
|
|
EVC
128
Eidelman Virant Capital
Saint Louis,
Missouri
| – | -$99K | -10,000 | Closed |
|
|
APP
129
Avantax Planning Partners
Dubuque,
Iowa
| – | -$74K | -7,448 | Closed |
|
|
KIM
130
Karpus Investment Management
Pittsford,
New York
| – | -$50K | -5,000 | Closed |
|
|
IGGA
131
Iron Gate Global Advisors
Nsl,
Utah
| – | -$42K | -4,352 | Closed |
|
|
BFEC
132
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$25K | -2,500 | Closed |
|
|
SWP
133
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$19K | -1,900 | Closed |
|
|
CPIG
134
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$11K | -1,115 | Closed |
|
|
IA
135
IFP Advisors
Tampa,
Florida
| – | -$5K | -500 | Closed |
|
136
Fidelity Investments
Boston,
Massachusetts
| – | +$10 | +1 | New |
|
BRW Hedge Fund Activity: Q4 2018 in Review
119 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2018, worth a combined $239M — down 4.8% from $251M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new BRW positions and 16 closed out — a net gain of 5 holders — while 29 added to existing stakes and 37 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.9M. The largest seller was Morgan Stanley, cutting an estimated $7.62M.
- 119 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2018, up from 115 in Q3 2018.
- Funds reported $239M of Saba Capital Income & Opportunities Fund stock for Q4 2018, down 4.8% quarter-over-quarter.
- 21 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2018 and 16 closed out, a net change of +5 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $10.9M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2018 was Morgan Stanley, an estimated $7.62M sold.
Based on aggregated 13F filings for Q4 2018.