Saba Capital Income & Opportunities Fund
BRW
94 hedge funds and large institutions have $219M invested in Saba Capital Income & Opportunities Fund in 2017 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 28 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
2% more funds holding
Funds holding: 92 → 94 (+2)
0% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 28
0.64% less ownership
Funds ownership: 14% → 13.36% (-0.64%)
4% less capital invested
Capital invested by funds: $229M → $219M (-$10.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$11.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$9.44M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$2.18M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$2.04M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$8.49M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$5.73M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.14M |
| 4 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$4.94M |
| 5 |
Morgan Stanley
New York
|
-$2.51M |
BRW Hedge Fund Activity: Q1 2017 in Review
94 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2017, worth a combined $219M — down 4.4% from $229M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BRW positions and 8 closed out — a net gain of 5 holders — while 28 added to existing stakes and 28 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $11.1M. The largest seller was 1832 Asset Management, cutting an estimated $8.49M.
- 94 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2017, up from 92 in Q4 2016.
- Funds reported $219M of Saba Capital Income & Opportunities Fund stock for Q1 2017, down 4.4% quarter-over-quarter.
- 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2017 and 8 closed out, a net change of +5 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2017 was JP Morgan Chase, an estimated $11.1M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2017 was 1832 Asset Management, an estimated $8.49M sold.
Based on aggregated 13F filings for Q1 2017.