Saba Capital Income & Opportunities Fund
BRW
79 hedge funds and large institutions have $139M invested in Saba Capital Income & Opportunities Fund in 2014 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 12 closing their positions.
1% more funds holding
Funds holding: 78 → 79 (+1)
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
3% more capital invested
Capital invested by funds: $135M → $139M (+$4.1M)
0.26% more ownership
Funds ownership: 7.84% → 8.09% (+0.26%)
14% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$5.2M |
| 2 |
Morgan Stanley
New York
|
+$5.08M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$2.19M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.1M |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$941K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$5.07M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.08M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.78M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$1.18M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.1M |
BRW Hedge Fund Activity: Q1 2014 in Review
79 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2014, worth a combined $139M — up 3% from $135M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BRW positions and 12 closed out — a net gain of 1 holder — while 19 added to existing stakes and 22 trimmed.
The largest buyer was Newgate Capital Management, opening a new position worth an estimated $5.2M. The largest seller was Bank of America, cutting an estimated $5.07M.
- 79 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2014, up from 78 in Q4 2013.
- Funds reported $139M of Saba Capital Income & Opportunities Fund stock for Q1 2014, up 3% quarter-over-quarter.
- 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2014 and 12 closed out, a net change of +1 holder.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2014 was Newgate Capital Management, an estimated $5.2M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2014 was Bank of America, an estimated $5.07M sold.
Based on aggregated 13F filings for Q1 2014.