Saba Capital Income & Opportunities Fund
BRW
96 hedge funds and large institutions have $247M invested in Saba Capital Income & Opportunities Fund in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 24 closing their positions.
7% more capital invested
Capital invested by funds: $231M → $247M (+$16.2M)
1.18% more ownership
Funds ownership: 30.73% → 31.91% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
15% less funds holding
Funds holding: 113 → 96 (-17)
20% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 30
67% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.87M |
| 2 |
RVPG
Relative Value Partners Group
|
+$5.17M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.97M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.13M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.77M |
| 2 |
BlackRock
New York
|
-$1.08M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$995K |
| 4 |
Morgan Stanley
New York
|
-$803K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$778K |
BRW Hedge Fund Activity: Q1 2018 in Review
96 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2018, worth a combined $247M — up 7% from $231M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of BRW and 8 opened new positions — a net loss of 16 holders — while 30 trimmed existing stakes and 24 added.
The largest buyer was Sit Investment Associates, adding an estimated $5.87M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.77M sold.
- 96 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2018, down from 113 in Q4 2017.
- Funds reported $247M of Saba Capital Income & Opportunities Fund stock for Q1 2018, up 7% quarter-over-quarter.
- 8 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2018 and 24 closed out, a net change of -16 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2018 was Sit Investment Associates, an estimated $5.87M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2018 was Wolverine Asset Management, an estimated $1.77M sold.
Based on aggregated 13F filings for Q1 2018.