Saba Capital Income & Opportunities Fund
BRW
113 hedge funds and large institutions have $272M invested in Saba Capital Income & Opportunities Fund in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 34 reducing their positions, and 19 closing their positions.
14% more capital invested
Capital invested by funds: $239M → $272M (+$33.3M)
0.25% more ownership
Funds ownership: 18.97% → 19.23% (+0.25%)
3% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 34
5% less funds holding
Funds holding: 119 → 113 (-6)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$21.4M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$4.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.86M |
| 4 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$3.44M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$8.53M |
| 2 |
OHA
Oak Hill Advisors
New York
|
-$6.25M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.11M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.46M |
| 5 |
Morgan Stanley
New York
|
-$2.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Creative Planning
Overland Park,
Kansas
| – | -$55K | -6,122 | Closed |
|
|
HF
127
HRT Financial
New York
| – | -$51K | -5,776 | Closed |
|
|
EWM
128
Empirical Wealth Management
Seattle,
Washington
| – | -$51K | -5,642 | Closed |
|
|
LNB
129
Ledyard National Bank
| – | -$34K | -3,791 | Closed |
|
|
MOS
130
MGO One Seven
Beachwood,
Ohio
| – | -$3K | -427 | Closed |
|
|
FIA
131
FNY Investment Advisers
New York
| – | -$946 | -100 | -50% |
|
132
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$256 | +27 | New |
|
BRW Hedge Fund Activity: Q1 2019 in Review
113 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2019, worth a combined $272M — up 14% from $239M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of BRW and 14 opened new positions — a net loss of 5 holders — while 34 trimmed existing stakes and 33 added.
The largest buyer was Saba Capital Management, adding an estimated $21.4M. The largest seller was JP Morgan Chase, cutting an estimated $8.53M.
- 113 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2019, down from 119 in Q4 2018.
- Funds reported $272M of Saba Capital Income & Opportunities Fund stock for Q1 2019, up 14% quarter-over-quarter.
- 14 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2019 and 19 closed out, a net change of -5 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2019 was Saba Capital Management, an estimated $21.4M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2019 was JP Morgan Chase, an estimated $8.53M sold.
Based on aggregated 13F filings for Q1 2019.