Saba Capital Income & Opportunities Fund
BRW
113 hedge funds and large institutions have $230M invested in Saba Capital Income & Opportunities Fund in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 11 closing their positions.
191% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 11
22% more funds holding
Funds holding: 93 → 113 (+20)
0.3% more ownership
Funds ownership: 15.07% → 15.37% (+0.3%)
2% less capital invested
Capital invested by funds: $234M → $230M (-$3.64M)
20% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$5.68M |
| 2 |
RVPG
Relative Value Partners Group
|
+$5.64M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.6M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.6M |
| 5 |
SCM
Saba Capital Management
New York
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$17.7M |
| 2 |
Morgan Stanley
New York
|
-$5.21M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$4.38M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.3M |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$1.82M |
BRW Hedge Fund Activity: Q4 2017 in Review
113 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2017, worth a combined $230M — down 1.6% from $234M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new BRW positions and 11 closed out — a net gain of 21 holders — while 24 added to existing stakes and 30 trimmed.
The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $5.68M. The largest seller was Invesco, cutting an estimated $17.7M.
- 113 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2017, up from 93 in Q3 2017.
- Funds reported $230M of Saba Capital Income & Opportunities Fund stock for Q4 2017, down 1.6% quarter-over-quarter.
- 32 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2017 and 11 closed out, a net change of +21 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2017 was Financial & Investment Management Group, an estimated $5.68M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2017 was Invesco, an estimated $17.7M sold.
Based on aggregated 13F filings for Q4 2017.