Saba Capital Income & Opportunities Fund
BRW
85 hedge funds and large institutions have $317M invested in Saba Capital Income & Opportunities Fund in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 21 reducing their positions, and 18 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
29% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 21
16% more capital invested
Capital invested by funds: $274M → $317M (+$43.3M)
5.43% less ownership
Funds ownership: 49.91% → 44.49% (-5.4%)
8% less funds holding
Funds holding: 92 → 85 (-7)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$15.9M |
| 2 |
Rockefeller Capital Management
New York
|
+$2.93M |
| 3 |
SCM
Saba Capital Management
New York
|
+$2.12M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.9M |
| 5 |
Morgan Stanley
New York
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$3.16M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.49M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.82M |
| 4 |
RVPG
Relative Value Partners Group
|
-$1.33M |
| 5 |
VEA
Virtus ETF Advisers
New York
|
-$1.28M |
BRW Hedge Fund Activity: Q2 2020 in Review
85 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2020, worth a combined $317M — up 16% from $274M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BRW and 12 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 27 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $15.9M. The largest seller was Stifel Financial, cutting an estimated $3.16M.
- 85 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2020, down from 92 in Q1 2020.
- Funds reported $317M of Saba Capital Income & Opportunities Fund stock for Q2 2020, up 16% quarter-over-quarter.
- 12 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2020 and 18 closed out, a net change of -6 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $15.9M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q2 2020 was Stifel Financial, an estimated $3.16M sold.
Based on aggregated 13F filings for Q2 2020.