Saba Capital Income & Opportunities Fund
BRW
119 hedge funds and large institutions have $253M invested in Saba Capital Income & Opportunities Fund in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 29 increasing their positions, 37 reducing their positions, and 15 closing their positions.
500% more funds holding in top 10
Funds holding in top 10: 1 → 6 (+5)
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
4% more funds holding
Funds holding: 114 → 119 (+5)
4.31% more ownership
Funds ownership: 33.64% → 37.95% (+4.3%)
2% more capital invested
Capital invested by funds: $247M → $253M (+$5.71M)
22% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.9M |
| 2 |
SCM
Saba Capital Management
New York
|
+$10.9M |
| 3 |
OHA
Oak Hill Advisors
New York
|
+$8.77M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$3.92M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.62M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$2.76M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.47M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$2.23M |
| 5 |
CS
Comerica Securities
Detroit,
Michigan
|
-$1.27M |
BRW Hedge Fund Activity: Q4 2018 in Review
119 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2018, worth a combined $253M — up 2.3% from $247M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new BRW positions and 15 closed out — a net gain of 6 holders — while 29 added to existing stakes and 37 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.9M. The largest seller was Morgan Stanley, cutting an estimated $7.62M.
- 119 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2018, up from 114 in Q3 2018.
- Funds reported $253M of Saba Capital Income & Opportunities Fund stock for Q4 2018, up 2.3% quarter-over-quarter.
- 21 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2018 and 15 closed out, a net change of +6 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $10.9M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2018 was Morgan Stanley, an estimated $7.62M sold.
Based on aggregated 13F filings for Q4 2018.