Saba Capital Income & Opportunities Fund
BRW
68 hedge funds and large institutions have $118M invested in Saba Capital Income & Opportunities Fund in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
11% more funds holding
Funds holding: 61 → 68 (+7)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.17% less ownership
Funds ownership: 38.42% → 36.25% (-2.2%)
6% less capital invested
Capital invested by funds: $126M → $118M (-$7.76M)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$3.67M |
| 2 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$1.35M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$1.16M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.02M |
| 5 |
QL
Quarry LP
New York
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.8M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$5.21M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.85M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$822K |
| 5 |
Morgan Stanley
New York
|
-$699K |
BRW Hedge Fund Activity: Q3 2023 in Review
68 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2023, worth a combined $118M — down 6.2% from $126M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BRW positions and 3 closed out — a net gain of 8 holders — while 18 added to existing stakes and 20 trimmed.
The largest buyer was Clough Capital Partners, opening a new position worth an estimated $3.67M. The largest seller was Saba Capital Management, cutting an estimated $7.8M.
- 68 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2023, up from 61 in Q2 2023.
- Funds reported $118M of Saba Capital Income & Opportunities Fund stock for Q3 2023, down 6.2% quarter-over-quarter.
- 11 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2023 and 3 closed out, a net change of +8 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2023 was Clough Capital Partners, an estimated $3.67M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2023 was Saba Capital Management, an estimated $7.8M sold.
Based on aggregated 13F filings for Q3 2023.