Saba Capital Income & Opportunities Fund
BRW
79 hedge funds and large institutions have $94M invested in Saba Capital Income & Opportunities Fund in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 16 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 23
2.39% less ownership
Funds ownership: 30.89% → 28.51% (-2.4%)
5% less funds holding
Funds holding: 83 → 79 (-4)
6% less capital invested
Capital invested by funds: $100M → $94M (-$6.14M)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EFG
Ethos Financial Group
King Of Prussia,
Pennsylvania
|
+$2.4M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.73M |
| 3 |
CC
CF Capital
Cohasset,
Massachusetts
|
+$1.72M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.66M |
| 5 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$9.58M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.14M |
| 3 |
SCM
Saba Capital Management
New York
|
-$2.54M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.04M |
| 5 |
NCM
Next Capital Management
New York
|
-$841K |
BRW Hedge Fund Activity: Q1 2025 in Review
79 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q1 2025, worth a combined $94M — down 6.1% from $100M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BRW and 13 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 21 added.
The largest buyer was Ethos Financial Group, opening a new position worth an estimated $2.4M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $9.58M sold.
- 79 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q1 2025, down from 83 in Q4 2024.
- Funds reported $94M of Saba Capital Income & Opportunities Fund stock for Q1 2025, down 6.1% quarter-over-quarter.
- 13 funds opened new Saba Capital Income & Opportunities Fund positions in Q1 2025 and 16 closed out, a net change of -3 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q1 2025 was Ethos Financial Group, an estimated $2.4M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q1 2025 was Penserra Capital Management, an estimated $9.58M sold.
Based on aggregated 13F filings for Q1 2025.