Saba Capital Income & Opportunities Fund
BRW
113 hedge funds and large institutions have $272M invested in Saba Capital Income & Opportunities Fund in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 34 reducing their positions, and 19 closing their positions.
7% more capital invested
Capital invested by funds: $253M → $272M (+$18.9M)
0.51% more ownership
Funds ownership: 37.95% → 38.46% (+0.51%)
3% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 34
5% less funds holding
Funds holding: 119 → 113 (-6)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$21.4M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$4.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.86M |
| 4 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$3.44M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$8.53M |
| 2 |
OHA
Oak Hill Advisors
New York
|
-$6.25M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.11M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.46M |
| 5 |
Morgan Stanley
New York
|
-$2.34M |
BRW Hedge Fund Activity: Q1 2019 in Review
113 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2019, worth a combined $272M — up 7.5% from $253M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of BRW and 14 opened new positions — a net loss of 5 holders — while 34 trimmed existing stakes and 33 added.
The largest buyer was Saba Capital Management, adding an estimated $21.4M. The largest seller was JP Morgan Chase, cutting an estimated $8.53M.
- 113 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2019, down from 119 in Q4 2018.
- Funds reported $272M of Saba Capital Income & Opportunities Fund stock for Q1 2019, up 7.5% quarter-over-quarter.
- 14 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2019 and 19 closed out, a net change of -5 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2019 was Saba Capital Management, an estimated $21.4M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2019 was JP Morgan Chase, an estimated $8.53M sold.
Based on aggregated 13F filings for Q1 2019.