Saba Capital Income & Opportunities Fund
BRW
85 hedge funds and large institutions have $305M invested in Saba Capital Income & Opportunities Fund in 2021 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 35 reducing their positions, and 19 closing their positions.
7.51% less ownership
Funds ownership: 53.66% → 46.14% (-7.5%)
11% less funds holding
Funds holding: 96 → 85 (-11)
11% less capital invested
Capital invested by funds: $345M → $305M (-$39.7M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
34% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 35
47% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$21.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.53M |
| 3 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
+$5.39M |
| 4 |
NCM
Next Capital Management
New York
|
+$5.31M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$4.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$40.4M |
| 2 |
JP Morgan Chase
New York
|
-$13.7M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$9.26M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$5.87M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$4.09M |
BRW Hedge Fund Activity: Q1 2021 in Review
85 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2021, worth a combined $305M — down 11% from $345M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of BRW and 10 opened new positions — a net loss of 9 holders — while 35 trimmed existing stakes and 23 added.
The largest buyer was Relative Value Partners Group, adding an estimated $21.7M. The largest seller was Saba Capital Management, cutting an estimated $40.4M.
- 85 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2021, down from 96 in Q4 2020.
- Funds reported $305M of Saba Capital Income & Opportunities Fund stock for Q1 2021, down 11% quarter-over-quarter.
- 10 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2021 and 19 closed out, a net change of -9 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2021 was Relative Value Partners Group, an estimated $21.7M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2021 was Saba Capital Management, an estimated $40.4M sold.
Based on aggregated 13F filings for Q1 2021.