Saba Capital Income & Opportunities Fund
BRW
106 hedge funds and large institutions have $332M invested in Saba Capital Income & Opportunities Fund in 2019 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 17 closing their positions.
22% more capital invested
Capital invested by funds: $272M → $332M (+$59.6M)
12% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 17
4.78% more ownership
Funds ownership: 33.01% → 37.79% (+4.8%)
2% more funds holding
Funds holding: 104 → 106 (+2)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$46.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.91M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.71M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.19M |
| 5 |
NCM
Next Capital Management
New York
|
+$764K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.33M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$3.07M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.95M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$1.93M |
| 5 |
Morgan Stanley
New York
|
-$1.8M |
BRW Hedge Fund Activity: Q4 2019 in Review
106 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2019, worth a combined $332M — up 22% from $272M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BRW positions and 17 closed out — a net gain of 2 holders — while 29 added to existing stakes and 30 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $46.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $7.33M.
- 106 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2019, up from 104 in Q3 2019.
- Funds reported $332M of Saba Capital Income & Opportunities Fund stock for Q4 2019, up 22% quarter-over-quarter.
- 19 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2019 and 17 closed out, a net change of +2 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2019 was Saba Capital Management, an estimated $46.5M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2019 was Rivernorth Capital Management, an estimated $7.33M sold.
Based on aggregated 13F filings for Q4 2019.