Saba Capital Income & Opportunities Fund
BRW
90 hedge funds and large institutions have $233M invested in Saba Capital Income & Opportunities Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 26 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
3% more funds holding
Funds holding: 87 → 90 (+3)
8% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 26
2% more capital invested
Capital invested by funds: $229M → $233M (+$3.69M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.53% less ownership
Funds ownership: 29.75% → 29.22% (-0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.7M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$971K |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$896K |
| 4 |
ICM
Ionic Capital Management
New York
|
+$892K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$550K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.65M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.56M |
| 3 |
Janus Henderson Group
London,
|
-$956K |
| 4 |
Morgan Stanley
New York
|
-$719K |
| 5 |
Citigroup
New York
|
-$646K |
BRW Hedge Fund Activity: Q3 2016 in Review
90 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2016, worth a combined $233M — up 1.6% from $229M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new BRW positions and 1 closed out — a net gain of 5 holders — while 28 added to existing stakes and 26 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.7M. The largest seller was Envestnet Asset Management, cutting an estimated $1.65M.
- 90 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2016, up from 87 in Q2 2016.
- Funds reported $233M of Saba Capital Income & Opportunities Fund stock for Q3 2016, up 1.6% quarter-over-quarter.
- 6 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2016 and 1 closed out, a net change of +5 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2016 was Rivernorth Capital Management, an estimated $2.7M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2016 was Envestnet Asset Management, an estimated $1.65M sold.
Based on aggregated 13F filings for Q3 2016.