Saba Capital Income & Opportunities Fund
BRW
71 hedge funds and large institutions have $134M invested in Saba Capital Income & Opportunities Fund in 2022 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
13% more funds holding
Funds holding: 63 → 71 (+8)
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
0.12% less ownership
Funds ownership: 41.61% → 41.49% (-0.12%)
4% less capital invested
Capital invested by funds: $140M → $134M (-$5.64M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$5.41M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.38M |
| 3 |
RVPG
Relative Value Partners Group
|
+$1.03M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$859K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$852K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
-$5.22M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.28M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.81M |
| 4 |
NCM
Next Capital Management
New York
|
-$711K |
| 5 |
IP
Investment Partners
New Philadelphia,
Ohio
|
-$428K |
BRW Hedge Fund Activity: Q4 2022 in Review
71 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2022, worth a combined $134M — down 4% from $140M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BRW positions and 7 closed out — a net gain of 8 holders — while 18 added to existing stakes and 17 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $5.41M. The largest seller was Rockefeller Capital Management, cutting an estimated $5.22M.
- 71 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2022, up from 63 in Q3 2022.
- Funds reported $134M of Saba Capital Income & Opportunities Fund stock for Q4 2022, down 4% quarter-over-quarter.
- 15 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2022 and 7 closed out, a net change of +8 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2022 was Thomas J. Herzfeld Advisors, an estimated $5.41M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2022 was Rockefeller Capital Management, an estimated $5.22M sold.
Based on aggregated 13F filings for Q4 2022.