Saba Capital Income & Opportunities Fund
BRW
76 hedge funds and large institutions have $120M invested in Saba Capital Income & Opportunities Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 17 increasing their positions, 24 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
12% more funds holding
Funds holding: 68 → 76 (+8)
1% more capital invested
Capital invested by funds: $118M → $120M (+$1.63M)
0.34% more ownership
Funds ownership: 36.25% → 36.58% (+0.34%)
29% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$1.28M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$894K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$659K |
| 4 |
AGM
Alpine Global Management
New York
|
+$611K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$494K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$3.61M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.53M |
| 3 |
QL
Quarry LP
New York
|
-$985K |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$632K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$364K |
BRW Hedge Fund Activity: Q4 2023 in Review
76 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q4 2023, worth a combined $120M — up 1.4% from $118M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BRW positions and 5 closed out — a net gain of 8 holders — while 17 added to existing stakes and 24 trimmed.
The largest buyer was Relative Value Partners Group, adding an estimated $1.28M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $3.61M sold.
- 76 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q4 2023, up from 68 in Q3 2023.
- Funds reported $120M of Saba Capital Income & Opportunities Fund stock for Q4 2023, up 1.4% quarter-over-quarter.
- 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q4 2023 and 5 closed out, a net change of +8 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q4 2023 was Relative Value Partners Group, an estimated $1.28M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q4 2023 was Clough Capital Partners, an estimated $3.61M sold.
Based on aggregated 13F filings for Q4 2023.