Saba Capital Income & Opportunities Fund
BRW
114 hedge funds and large institutions have $247M invested in Saba Capital Income & Opportunities Fund in 2018 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 30 increasing their positions, 26 reducing their positions, and 9 closing their positions.
144% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 9
15% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 26
13% more funds holding
Funds holding: 101 → 114 (+13)
1% more capital invested
Capital invested by funds: $244M → $247M (+$3.57M)
0.98% more ownership
Funds ownership: 32.65% → 33.64% (+0.98%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$23.1M |
| 2 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$6.11M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$2.04M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.99M |
| 5 |
RVPG
Relative Value Partners Group
|
+$1.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$23.7M |
| 2 |
Morgan Stanley
New York
|
-$6.25M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.44M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$3.17M |
| 5 |
ICM
Ionic Capital Management
New York
|
-$436K |
BRW Hedge Fund Activity: Q3 2018 in Review
114 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2018, worth a combined $247M — up 1.5% from $244M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BRW positions and 9 closed out — a net gain of 13 holders — while 30 added to existing stakes and 26 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $23.1M. The largest seller was Baillie Gifford & Co, cutting an estimated $23.7M.
- 114 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2018, up from 101 in Q2 2018.
- Funds reported $247M of Saba Capital Income & Opportunities Fund stock for Q3 2018, up 1.5% quarter-over-quarter.
- 22 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2018 and 9 closed out, a net change of +13 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2018 was Saba Capital Management, an estimated $23.1M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2018 was Baillie Gifford & Co, an estimated $23.7M sold.
Based on aggregated 13F filings for Q3 2018.