Saba Capital Income & Opportunities Fund
BRW
95 hedge funds and large institutions have $233M invested in Saba Capital Income & Opportunities Fund in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 31 increasing their positions, 26 reducing their positions, and 16 closing their positions.
33% more capital inflows, than outflows
Capital inflows: $27.9M | Capital outflows: $20.9M
19% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 26
1.03% more ownership
Funds ownership: 28.77% → 29.8% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 100 → 95 (-5)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$10.1M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.07M |
| 3 |
Mariner Investment Group
Harrison,
New York
|
+$1.53M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.34M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kohlberg Kravis Roberts & Co
New York
|
-$5.82M |
| 2 |
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$2.15M |
| 3 |
Trust Asset Management
Houston,
Texas
|
-$1.93M |
| 4 |
Sound Point Capital Management
New York
|
-$1.62M |
| 5 |
Morgan Stanley
New York
|
-$1.54M |
BRW Hedge Fund Activity: Q1 2016 in Review
95 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2016, worth a combined $233M — up 8.1% from $215M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BRW and 12 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 31 added.
The largest buyer was Invesco, adding an estimated $10.1M. The largest seller was Kohlberg Kravis Roberts & Co, exiting entirely with an estimated $5.82M sold.
- 95 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2016, down from 100 in Q4 2015.
- Funds reported $233M of Saba Capital Income & Opportunities Fund stock for Q1 2016, up 8.1% quarter-over-quarter.
- 12 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2016 and 16 closed out, a net change of -4 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2016 was Invesco, an estimated $10.1M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2016 was Kohlberg Kravis Roberts & Co, an estimated $5.82M sold.
Based on aggregated 13F filings for Q1 2016.