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BRW

Saba Capital Income & Opportunities Fund

81 hedge funds and large institutions have $172M invested in Saba Capital Income & Opportunities Fund in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 40 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

0% more funds holding

Funds holding: 8181 (0)

11.79% less ownership

Funds ownership: 27.41%15.61% (-12%)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

45% less capital invested

Capital invested by funds: $314M → $172M (-$141M)

58% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 40

Holders
81
Holders Change
Holders Change %
0%
% of All Funds
1.42%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
12
Increased
17
Reduced
40
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$50.1M -$69.3M -7,545,318 -58%
RCM
2
Rivernorth Capital Management
Florida
$34.5M -$19.1M -2,082,345 -35%
RVPG
3
Relative Value Partners Group
$20.5M -$12.8M -1,394,449 -38%
COLIM
4
City of London Investment Management
United Kingdom
$11.1M -$8.63M -939,522 -43%
Morgan Stanley
5
Morgan Stanley
New York
$7.97M +$405K +44,051 +5%
Rockefeller Capital Management
6
Rockefeller Capital Management
New York
$5.05M +$118K +12,840 +2%
SIA
7
Sit Investment Associates
Minnesota
$4.76M -$1.3M -141,672 -21%
CCP
8
Clough Capital Partners
Massachusetts
$3.93M -$462K -50,256 -10%
CL
9
CSS LLC
Illinois
$3.54M -$2.74M -298,175 -43%
BI
10
Bulldog Investors
New Jersey
$3.01M -$2.79M -304,107 -48%
Bank of America
11
Bank of America
North Carolina
$2.85M +$4.45K +484 +0.2%
NCM
12
Next Capital Management
New York
$2.44M -$2.73M -297,688 -53%
TJHA
13
Thomas J. Herzfeld Advisors
Florida
$2.25M -$385K -41,933 -15%
Baillie Gifford & Co
14
Baillie Gifford & Co
United Kingdom
$1.97M -$1.87M -203,244 -48%
Envestnet Asset Management
15
Envestnet Asset Management
Illinois
$1.69M +$57K +6,205 +3%
Osaic Holdings
16
Osaic Holdings
Arizona
$1.57M -$1.32M -143,528 -45%
SFS
17
Shaker Financial Services
Virginia
$1.53M +$104K +11,320 +7%
PAS
18
Park Avenue Securities
New York
$969K +$104K +11,343 +12%
OHA
19
Oak Hill Advisors
New York
$827K -$784K -85,311 -48%
UBS Group
20
UBS Group
Switzerland
$759K -$146K -15,934 -16%
Millennium Management
21
Millennium Management
New York
$724K -$1.86M -202,650 -72%
RJFSA
22
Raymond James Financial Services Advisors
Florida
$710K -$188K -20,428 -21%
6M
23
6 Meridian
Kansas
$614K +$620K +67,489 New
Wells Fargo
24
Wells Fargo
California
$581K -$364K -39,615 -38%
SRC
25
Shufro Rose & Co
New York
$517K -$490K -53,383 -48%

BRW Hedge Fund Activity: Q3 2021 in Review

81 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2021, worth a combined $172M — down 45% from $314M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BRW positions and 11 closed out — a net gain of 1 holder — while 17 added to existing stakes and 40 trimmed.

The largest buyer was 6 Meridian, opening a new position worth an estimated $620K. The largest seller was Saba Capital Management, cutting an estimated $69.3M.

  • 81 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2021, unchanged from Q2 2021.
  • Funds reported $172M of Saba Capital Income & Opportunities Fund stock for Q3 2021, down 45% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2021 and 11 closed out, a net change of +1 holder.
  • The largest Saba Capital Income & Opportunities Fund buyer in Q3 2021 was 6 Meridian, an estimated $620K added.
  • The largest Saba Capital Income & Opportunities Fund seller in Q3 2021 was Saba Capital Management, an estimated $69.3M sold.

Based on aggregated 13F filings for Q3 2021.