Saba Capital Income & Opportunities Fund
BRW
92 hedge funds and large institutions have $221M invested in Saba Capital Income & Opportunities Fund in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 29 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
2% more funds holding
Funds holding: 90 → 92 (+2)
0% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 29
5% less capital invested
Capital invested by funds: $233M → $221M (-$11.6M)
2.19% less ownership
Funds ownership: 29.22% → 27.03% (-2.2%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$9.12M |
| 2 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$4.78M |
| 3 |
Janus Henderson Group
London,
|
+$4.4M |
| 4 |
LPL Financial
San Diego,
California
|
+$656K |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$573K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$11.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.45M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$4.04M |
| 4 |
Morgan Stanley
New York
|
-$3.92M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.21M |
BRW Hedge Fund Activity: Q4 2016 in Review
92 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2016, worth a combined $221M — down 5% from $233M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BRW positions and 7 closed out — a net gain of 2 holders — while 29 added to existing stakes and 29 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $9.12M. The largest seller was Invesco, cutting an estimated $11.1M.
- 92 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2016, up from 90 in Q3 2016.
- Funds reported $221M of Saba Capital Income & Opportunities Fund stock for Q4 2016, down 5% quarter-over-quarter.
- 9 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2016 and 7 closed out, a net change of +2 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2016 was JP Morgan Chase, an estimated $9.12M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2016 was Invesco, an estimated $11.1M sold.
Based on aggregated 13F filings for Q4 2016.