Saba Capital Income & Opportunities Fund
BRW
94 hedge funds and large institutions have $229M invested in Saba Capital Income & Opportunities Fund in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 13 closing their positions.
1.47% more ownership
Funds ownership: 26.73% → 28.2% (+1.5%)
5% more capital invested
Capital invested by funds: $219M → $229M (+$10.4M)
0% more funds holding
Funds holding: 94 → 94 (0)
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
4% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$7.33M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$5.58M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$2.88M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$591K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
|
-$5.07M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$3.7M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.72M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$1.72M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$948K |
BRW Hedge Fund Activity: Q2 2017 in Review
94 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2017, worth a combined $229M — up 4.8% from $219M a quarter earlier.
Fund positioning in BRW was balanced in Q2 2017: 13 funds opened new positions, 13 closed out, 24 added to existing stakes and 25 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.4M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $5.07M sold.
- 94 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2017, unchanged from Q1 2017.
- Funds reported $229M of Saba Capital Income & Opportunities Fund stock for Q2 2017, up 4.8% quarter-over-quarter.
- 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2017 and 13 closed out, a net change of 0 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q2 2017 was Rivernorth Capital Management, an estimated $10.4M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q2 2017 was Janus Henderson Group, an estimated $5.07M sold.
Based on aggregated 13F filings for Q2 2017.