Saba Capital Income & Opportunities Fund
BRW
63 hedge funds and large institutions have $140M invested in Saba Capital Income & Opportunities Fund in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 7 closing their positions.
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
0% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 19
2% less funds holding
Funds holding: 64 → 63 (-1)
1.87% less ownership
Funds ownership: 43.48% → 41.61% (-1.9%)
6% less capital invested
Capital invested by funds: $149M → $140M (-$9.48M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.45M |
| 2 |
IP
Investment Partners
New Philadelphia,
Ohio
|
+$448K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$389K |
| 4 |
Morgan Stanley
New York
|
+$374K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$274K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$3.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.68M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.59M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$466K |
| 5 |
VEA
Virtus ETF Advisers
New York
|
-$404K |
BRW Hedge Fund Activity: Q3 2022 in Review
63 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2022, worth a combined $140M — down 6.3% from $149M a quarter earlier.
Fund positioning in BRW was balanced in Q3 2022: 7 funds opened new positions, 7 closed out, 19 added to existing stakes and 19 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $1.45M. The largest seller was Clough Capital Partners, cutting an estimated $3.3M.
- 63 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2022, down from 64 in Q2 2022.
- Funds reported $140M of Saba Capital Income & Opportunities Fund stock for Q3 2022, down 6.3% quarter-over-quarter.
- 7 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2022 and 7 closed out, a net change of 0 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2022 was Thomas J. Herzfeld Advisors, an estimated $1.45M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2022 was Clough Capital Partners, an estimated $3.3M sold.
Based on aggregated 13F filings for Q3 2022.