Saba Capital Income & Opportunities Fund
BRW
82 hedge funds and large institutions have $166M invested in Saba Capital Income & Opportunities Fund in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 10 closing their positions.
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
8% more capital invested
Capital invested by funds: $154M → $166M (+$11.9M)
3% more funds holding
Funds holding: 80 → 82 (+2)
1.28% more ownership
Funds ownership: 8.44% → 9.72% (+1.3%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$18.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.28M |
| 3 |
SG Americas Securities
New York
|
+$1.81M |
| 4 |
TAM
Trust Asset Management
Houston,
Texas
|
+$1.63M |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$865K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.7M |
| 2 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
-$2.54M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.07M |
| 4 |
IAS
IMA Advisory Services
Denver,
Colorado
|
-$814K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$581K |
BRW Hedge Fund Activity: Q4 2014 in Review
82 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2014, worth a combined $166M — up 7.7% from $154M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BRW positions and 10 closed out — a net gain of 5 holders — while 22 added to existing stakes and 20 trimmed.
The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $18.2M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $2.7M sold.
- 82 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2014, up from 80 in Q3 2014.
- Funds reported $166M of Saba Capital Income & Opportunities Fund stock for Q4 2014, up 7.7% quarter-over-quarter.
- 15 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2014 and 10 closed out, a net change of +5 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2014 was Baillie Gifford & Co, an estimated $18.2M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2014 was Envestnet Asset Management, an estimated $2.7M sold.
Based on aggregated 13F filings for Q4 2014.