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BRW

Saba Capital Income & Opportunities Fund

96 hedge funds and large institutions have $345M invested in Saba Capital Income & Opportunities Fund in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 20 increasing their positions, 30 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 15

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

4% more funds holding

Funds holding: 9296 (+4)

3.98% more ownership

Funds ownership: 22.85%26.83% (+4%)

2% less capital invested

Capital invested by funds: $352M → $345M (-$7.39M)

33% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 30

Holders
96
Holders Change
+4
Holders Change %
+4.35%
% of All Funds
1.7%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.11%
New
19
Increased
20
Reduced
30
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$162M
RCM
2
Rivernorth Capital Management
Florida
$44.9M -$9.88M -1,121,108 -18%
SIA
3
Sit Investment Associates
Minnesota
$15M +$5.07M +575,561 +52%
JP Morgan Chase
4
JP Morgan Chase
New York
$13.7M +$224K +25,478 +2%
BI
5
Bulldog Investors
New Jersey
$12.2M +$2.12M +240,224 +21%
EVM
6
Eaton Vance Management
Massachusetts
$9.25M
ISSM
7
Invesco Senior Secured Management
New York
$9.07M
COLIM
8
City of London Investment Management
United Kingdom
$8.98M -$2.62M -297,705 -23%
Morgan Stanley
9
Morgan Stanley
New York
$7.92M -$6.7M -760,476 -46%
MP
10
MIO Partners
New York
$5.7M +$5.62M +637,832 New
Baillie Gifford & Co
11
Baillie Gifford & Co
United Kingdom
$4.96M +$4.89M +555,105 New
CCP
12
Clough Capital Partners
Massachusetts
$4.09M +$248K +28,100 +7%
Bank of America
13
Bank of America
North Carolina
$3.7M -$516K -58,554 -12%
Rockefeller Capital Management
14
Rockefeller Capital Management
New York
$3.64M -$11.8K -1,335 -0.3%
AC
15
Almitas Capital
California
$3.53M +$3.18M +361,513 +1,078%
BFM
16
Boothbay Fund Management
New York
$3.39M +$314K +35,673 +10%
IA
17
Icon Advisers
Colorado
$2.76M +$2.72M +308,447 New
Nomura Holdings
18
Nomura Holdings
Japan
$2.7M +$2.66M +301,600 New
PCM
19
Penserra Capital Management
California
$2.37M +$164K +18,564 +8%
Wells Fargo
20
Wells Fargo
California
$2.36M -$177K -20,142 -7%
OHA
21
Oak Hill Advisors
New York
$2.08M
UBS Group
22
UBS Group
Switzerland
$1.75M -$306K -34,710 -15%
SFS
23
Shaker Financial Services
Virginia
$1.64M +$1.62M +183,761 New
SRC
24
Shufro Rose & Co
New York
$1.05M -$2.2K -250 -0.2%
CA
25
Cetera Advisors
Colorado
$1M -$67.8K -7,700 -6%

BRW Hedge Fund Activity: Q4 2020 in Review

96 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2020, worth a combined $345M — down 2.1% from $352M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BRW positions and 15 closed out — a net gain of 4 holders — while 20 added to existing stakes and 30 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $5.07M. The largest seller was Relative Value Partners Group, cutting an estimated $14.4M.

  • 96 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2020, up from 92 in Q3 2020.
  • Funds reported $345M of Saba Capital Income & Opportunities Fund stock for Q4 2020, down 2.1% quarter-over-quarter.
  • 19 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2020 and 15 closed out, a net change of +4 holders.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q4 2020 was Sit Investment Associates, an estimated $5.07M added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q4 2020 was Relative Value Partners Group, an estimated $14.4M sold.

Based on aggregated 13F filings for Q4 2020.