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BRW

Saba Capital Income & Opportunities Fund

87 hedge funds and large institutions have $229M invested in Saba Capital Income & Opportunities Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 21

0.03% less ownership

Funds ownership: 14.9%14.87% (-0.03%)

2% less capital invested

Capital invested by funds: $233M → $229M (-$3.66M)

8% less funds holding

Funds holding: 9587 (-8)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
87
Holders Change
-8
Holders Change %
-8.42%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
6
Increased
36
Reduced
21
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$52.6M +$2.33M +229,850 +5%
Baillie Gifford & Co
2
Baillie Gifford & Co
United Kingdom
$37.3M
Invesco
3
Invesco
Georgia
$19.5M +$239K +23,632 +1%
Bessemer Group
4
Bessemer Group
New Jersey
$11.4M +$1.17M +115,353 +12%
Bank of America
5
Bank of America
North Carolina
$10.6M +$126K +12,497 +1%
RCM
6
Rivernorth Capital Management
Florida
$10.5M +$6.69M +661,433 +181%
NCM
7
Newgate Capital Management
Connecticut
$7.71M +$1.66M +164,225 +28%
1832 Asset Management
8
1832 Asset Management
Ontario, Canada
$7.39M -$1.26M -125,000 -15%
JP Morgan Chase
9
JP Morgan Chase
New York
$6.77M
EVM
10
Eaton Vance Management
Massachusetts
$4.93M
WCMNY
11
Westchester Capital Management (New York)
New York
$4.84M +$215K +21,260 +5%
FIMG
12
Financial & Investment Management Group
Michigan
$4.63M +$214K +21,115 +5%
FWIA
13
Fort Washington Investment Advisors
Ohio
$4.57M
Janus Henderson Group
14
Janus Henderson Group
United Kingdom
$3.73M -$5.07M -501,120 -58%
GC
15
Guggenheim Capital
Illinois
$3.55M -$1.81M -178,892 -34%
Wells Fargo
16
Wells Fargo
California
$2.92M +$262K +25,920 +10%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$2.87M -$275K -27,214 -9%
UCFA
18
United Capital Financial Advisors
Texas
$2.82M -$275K -27,224 -9%
UBS Group
19
UBS Group
Switzerland
$2.58M +$439K +43,363 +21%
CS
20
Credit Suisse
Switzerland
$2.43M +$942K +93,123 +64%
AAM
21
Advisors Asset Management
Colorado
$2.43M +$481K +47,532 +25%
Loomis, Sayles & Company
22
Loomis, Sayles & Company
Massachusetts
$1.73M -$569K -56,250 -25%
CA
23
Cetera Advisors
Colorado
$1.62M +$162K +16,000 +11%
MIG
24
Mariner Investment Group
New York
$1.56M -$65.8K -6,500 -4%
BA
25
BlackRock Advisors
Delaware
$1.25M +$85.7K +8,468 +7%

BRW Hedge Fund Activity: Q2 2016 in Review

87 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2016, worth a combined $229M — down 1.6% from $233M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BRW and 6 opened new positions — a net loss of 8 holders — while 21 trimmed existing stakes and 36 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.69M. The largest seller was Janus Henderson Group, cutting an estimated $5.07M.

  • 87 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2016, down from 95 in Q1 2016.
  • Funds reported $229M of Saba Capital Income & Opportunities Fund stock for Q2 2016, down 1.6% quarter-over-quarter.
  • 6 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2016 and 14 closed out, a net change of -8 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q2 2016 was Rivernorth Capital Management, an estimated $6.69M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q2 2016 was Janus Henderson Group, an estimated $5.07M sold.

Based on aggregated 13F filings for Q2 2016.