Saba Capital Income & Opportunities Fund
BRW
93 hedge funds and large institutions have $99.6M invested in Saba Capital Income & Opportunities Fund in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 10 closing their positions.
130% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 10
40% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 20
16% more funds holding
Funds holding: 80 → 93 (+13)
1.91% more ownership
Funds ownership: 28.25% → 30.16% (+1.9%)
3% more capital invested
Capital invested by funds: $96.9M → $99.6M (+$2.71M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$9.62M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$5.99M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$5.41M |
| 4 |
SMA
Seven Mile Advisory
Ewing,
New Jersey
|
+$5.01M |
| 5 |
AGM
Alpine Global Management
New York
|
+$1.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$12.3M |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$5.36M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$3.48M |
| 4 |
ISSM
Invesco Senior Secured Management
New York
|
-$3.19M |
| 5 |
QL
Quarry LP
New York
|
-$1.28M |
BRW Hedge Fund Activity: Q3 2025 in Review
93 of the 7,641 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund (BRW) for Q3 2025, worth a combined $99.6M — up 2.8% from $96.9M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new BRW positions and 10 closed out — a net gain of 13 holders — while 28 added to existing stakes and 20 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $9.62M. The largest seller was Rivernorth Capital Management, cutting an estimated $12.3M.
- 93 institutional investors held Saba Capital Income & Opportunities Fund (BRW) as of Q3 2025, up from 80 in Q2 2025.
- Funds reported $99.6M of Saba Capital Income & Opportunities Fund stock for Q3 2025, up 2.8% quarter-over-quarter.
- 23 funds opened new Saba Capital Income & Opportunities Fund positions in Q3 2025 and 10 closed out, a net change of +13 holders.
- The largest Saba Capital Income & Opportunities Fund buyer in Q3 2025 was Penserra Capital Management, an estimated $9.62M added.
- The largest Saba Capital Income & Opportunities Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $12.3M sold.
Based on aggregated 13F filings for Q3 2025.