Saba Capital Income & Opportunities Fund
BRW
85 hedge funds and large institutions have $196M invested in Saba Capital Income & Opportunities Fund in 2015 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 11 closing their positions.
11% more capital invested
Capital invested by funds: $176M → $196M (+$19.7M)
2.29% more ownership
Funds ownership: 10.76% → 13.05% (+2.3%)
6% less funds holding
Funds holding: 90 → 85 (-5)
19% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 26
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$19.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$19.2M |
| 3 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
+$2.79M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.79M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.46M |
| 2 |
Morgan Stanley
New York
|
-$1.66M |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.6M |
| 4 |
HK
Horizon Kinetics
New York
|
-$701K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$623K |
BRW Hedge Fund Activity: Q3 2015 in Review
85 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2015, worth a combined $196M — up 11% from $176M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BRW and 8 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 21 added.
The largest buyer was Baillie Gifford & Co, adding an estimated $19.5M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.46M sold.
- 85 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2015, down from 90 in Q2 2015.
- Funds reported $196M of Saba Capital Income & Opportunities Fund stock for Q3 2015, up 11% quarter-over-quarter.
- 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2015 and 11 closed out, a net change of -3 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2015 was Baillie Gifford & Co, an estimated $19.5M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2015 was Rivernorth Capital Management, an estimated $2.46M sold.
Based on aggregated 13F filings for Q3 2015.