Saba Capital Income & Opportunities Fund
BRW
69 hedge funds and large institutions have $144M invested in Saba Capital Income & Opportunities Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
5% more funds holding
Funds holding: 66 → 69 (+3)
0.34% less ownership
Funds ownership: 8.4% → 8.05% (-0.34%)
9% less capital invested
Capital invested by funds: $158M → $144M (-$13.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.66M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.32M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$858K |
| 4 |
SNC
Stifel Nicolaus & Co
St Louis,
Missouri
|
+$292K |
| 5 |
Bank of New York Mellon
New York
|
+$250K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$3.81M |
| 2 |
Morgan Stanley
New York
|
-$2.8M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.33M |
| 4 |
HK
Horizon Kinetics
New York
|
-$770K |
| 5 |
ARC
Absolute Return Capital
Boston,
Massachusetts
|
-$753K |
BRW Hedge Fund Activity: Q3 2013 in Review
69 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2013, worth a combined $144M — down 8.6% from $158M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BRW positions and 6 closed out — a net gain of 3 holders — while 22 added to existing stakes and 18 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.66M. The largest seller was Invesco, cutting an estimated $3.81M.
- 69 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2013, up from 66 in Q2 2013.
- Funds reported $144M of Saba Capital Income & Opportunities Fund stock for Q3 2013, down 8.6% quarter-over-quarter.
- 9 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2013 and 6 closed out, a net change of +3 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2013 was Guggenheim Capital, an estimated $1.66M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2013 was Invesco, an estimated $3.81M sold.
Based on aggregated 13F filings for Q3 2013.