Saba Capital Income & Opportunities Fund
BRW
61 hedge funds and large institutions have $126M invested in Saba Capital Income & Opportunities Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 11 closing their positions.
2.22% less ownership
Funds ownership: 40.64% → 38.42% (-2.2%)
8% less funds holding
Funds holding: 66 → 61 (-5)
10% less capital invested
Capital invested by funds: $141M → $126M (-$14.8M)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AGM
Alpine Global Management
New York
|
+$866K |
| 2 |
LPL Financial
San Diego,
California
|
+$635K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$584K |
| 4 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
+$405K |
| 5 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.19M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.67M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.24M |
| 4 |
Morgan Stanley
New York
|
-$1.06M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$416K |
BRW Hedge Fund Activity: Q2 2023 in Review
61 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q2 2023, worth a combined $126M — down 10% from $141M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BRW and 7 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 16 added.
The largest buyer was Alpine Global Management, opening a new position worth an estimated $866K. The largest seller was Saba Capital Management, cutting an estimated $3.19M.
- 61 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q2 2023, down from 66 in Q1 2023.
- Funds reported $126M of Saba Capital Income & Opportunities Fund stock for Q2 2023, down 10% quarter-over-quarter.
- 7 funds opened new Saba Capital Income & Opportunities Fund positions in Q2 2023 and 11 closed out, a net change of -4 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q2 2023 was Alpine Global Management, an estimated $866K added.
- The largest Saba Capital Income & Opportunities Fund seller in Q2 2023 was Saba Capital Management, an estimated $3.19M sold.
Based on aggregated 13F filings for Q2 2023.