Vault-13

SABA CAPITAL INCOME & OPRNT BRW

SHS NEW · Closed-End Fund · CUSIP 78518H202

97 institutional holders +4 vs Q1 2026
20,136,16620.1m shares reported held*
$132.3mreported value*
13 new 27 added 32 reduced 10 sold out net sold ≈ $7.7m (-1.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $6.57.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 64Q4 22: 71Q1 23: 66Q2 23: 64Q3 23: 69Q4 23: 77Q1 24: 72Q2 24: 73Q3 24: 71Q4 24: 85Q1 25: 80Q2 25: 81Q3 25: 93Q4 25: 102Q1 26: 93Q2 26: 9797Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202264
Q4 202271
Q1 202366
Q2 202364
Q3 202369
Q4 202377
Q1 202472
Q2 202473
Q3 202471
Q4 202485
Q1 202580
Q2 202581
Q3 202593
Q4 2025102
Q1 202693
Q2 202697

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 24: 30 bought or addedQ3 24: 27 cut or sold outQ4 24: 36 bought or addedQ4 24: 29 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 40 cut or sold outQ2 25: 34 bought or addedQ2 25: 29 cut or sold outQ2 25Q3 25: 50 bought or addedQ3 25: 31 cut or sold outQ4 25: 60 bought or addedQ4 25: 31 cut or sold outQ4 25Q1 26: 44 bought or addedQ1 26: 48 cut or sold outQ2 26: 40 bought or addedQ2 26: 42 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243027
Q4 20243629
Q1 20253240
Q2 20253429
Q3 20255031
Q4 20256031
Q1 20264448
Q2 20264042

Biggest buyers

FLAX POND CAPITAL, LLC Added +405,786+405.8k
J.W. COLE ADVISORS, INC. New +213,373+213.4k
ENVESTNET ASSET MANAGEMENT INC Added +189,411+189.4k
Thomas J. Herzfeld Advisors, Inc. Added +127,505+127.5k
Shaker Financial Services, LLC New +75,815+75.8k
Penserra Capital Management LLC Added +51,071+51.1k
CoreCap Advisors, LLC New +49,394+49.4k
JANE STREET GROUP, LLC New +35,040+35.0k
LPL Financial LLC Added +32,187+32.2k
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC Added +27,845+27.8k

Biggest sellers

ABSOLUTE INVESTMENT ADVISERS, LLC Reduced -938,112-938.1k
Quarry LP Reduced -435,104-435.1k
Focus Partners Wealth Reduced -215,425-215.4k
Logan Stone Capital, LLC Sold out -153,367-153.4k
RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -142,192-142.2k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -96,473-96.5k
RPO LLC Sold out -94,567-94.6k
COHEN & STEERS, INC. Sold out -80,000-80.0k
Matisse Capital Sold out -65,333-65.3k
Invesco Ltd. Reduced -52,772-52.8k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Kovitz Investment Group Partners, LLC 13G · institution new · filed 2024-10-29 5.8% new 2.5m≈ $16.2m 2024-10-29
Focus Partners Wealth 13G · institution new · filed 2026-02-13 5.7% new 3.1m≈ $20.2m 2026-02-13

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 2,745,1192.7m $18.0m $18.0m 0.02% Reduced -215.4k -215,425
2 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 2,278,2402.3m $15.0m $15.0m 0.02% Unchanged
3 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.58% of their portfolio WEST PALM BEACH, FL 1,861,4141.9m $12.2m $12.2m 0.58% Reduced -142.2k -142,192
4 Thomas J. Herzfeld Advisors, Inc. 3.12% of their portfolio MIAMI BEACH, FL 1,544,6941.5m $10.1m $10.1m 3.12% Added +127.5k +127,505
5 Penserra Capital Management LLC 0.08% of their portfolio ORINDA, CA 1,505,9121.5m $9.9m $9.9m 0.08% Added +51.1k +51,071
6 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 1,075,2051.1m $7.1m $7.1m 0.00% Added +189.4k +189,411
7 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.68% of their portfolio BLUE BELL, PA 829,855829.9k $5.5m $5.5m 0.68% Added +27.8k +27,845
8 FLAX POND CAPITAL, LLC 2.00% of their portfolio MERION STATION, PA 811,572811.6k $5.4m $5.4m 2.00% Added +405.8k +405,786
9 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 740,127740.1k $4.9m $4.9m 0.00% Reduced -52.8k -52,772
10 CSS LLC/IL 0.20% of their portfolio CHICAGO, IL 686,484686.5k $4.5m $4.5m 0.20% Reduced -21.8k -21,758
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 605,349605.3k $4.0m $4.0m 0.00% Reduced -36.8k -36,828
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 507,546507.5k $3.3m $3.3m 0.00% Added +32.2k +32,187
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 482,986483.0k $3.2m $3.2m 0.00% Added +7.1k +7,096
14 Advisors Asset Management, Inc. 0.03% of their portfolio Monument, CO 296,959297.0k $2.0m $2.0m 0.03% Reduced -1.9k -1,865
15 Ethos Financial Group, LLC 0.11% of their portfolio KING OF PRUSSIA, PA 251,018251.0k $1.6m $1.6m 0.11% Reduced -15.4k -15,383
16 Adalta Capital Management LLC 0.72% of their portfolio NEW YORK, NY 248,039248.0k $1.6m $1.6m 0.72% Added +7.4k +7,367
17 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 222,050222.1k $1.5m $1.5m 0.00% Added +23.1k +23,064
18 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 216,897216.9k $1.4m $1.4m 0.01% Reduced -477 -477
19 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 213,373213.4k $1.4m $1.4m 0.02% New
20 Modern Wealth Management, LLC 0.02% of their portfolio KANSAS CITY, MO 207,457207.5k $1.4m $1.4m 0.02% Added +6.2k +6,180
21 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 191,877191.9k $1.3m $1.3m 0.00% Added +7.8k +7,764
22 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 178,401178.4k $1.2m $1.2m 0.01% Reduced -291 -291
23 Marks Group Wealth Management, Inc 0.10% of their portfolio MINNETONKA, MN 172,790172.8k $1.1m $1.1m 0.10% Unchanged
24 SVRN Asset Management, LLC 0.58% of their portfolio AUSTIN, TX 171,487171.5k $1.1m $1.1m 0.58% Reduced -7.0k -7,008
25 Yakira Capital Management, Inc. 0.25% of their portfolio Westport, CT 127,896127.9k $840.3k $840.3k 0.25% Unchanged
26 Chicago Partners Investment Group LLC 0.02% of their portfolio CHICAGO, IL 122,851122.9k $815.7k $815.7k 0.02% Reduced -6.3k -6,259
27 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 103,861103.9k $682.4k $682.4k 0.01% Added +9.7k +9,680
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 92,79892.8k $609.7k $609.7k 0.00% Reduced -20.3k -20,343
29 PEAK FINANCIAL ADVISORS LLC 0.24% of their portfolio DENVER, CO 89,99690.0k $591.3k $591.3k 0.24% Added +2.1k +2,058
30 Next Capital Management LLC 0.16% of their portfolio NEW YORK, NY 88,92788.9k $584.2k $584.2k 0.16% Unchanged
31 Shaker Financial Services, LLC 0.16% of their portfolio Arlington, VA 75,81575.8k $498.1k $498.1k 0.16% New
32 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 75,25275.3k $494.4k $494.4k 0.01% Reduced -741 -741
33 SeaCrest Wealth Management, LLC 0.05% of their portfolio PURCHASE, NY 64,01864.0k $420.6k $420.6k 0.05% Added +17.0k +16,985
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 63,65563.7k $418.2k $418.2k 0.00% Reduced -7.8k -7,759
35 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio Englewood, NJ 62,29062.3k $409.2k $409.2k 0.03% Reduced -96.5k -96,473
36 TrueMark Investments, LLC 0.05% of their portfolio CHICAGO, IL 59,85559.9k $393.2k $393.2k 0.05% Added +4.0k +3,963
37 ABSOLUTE INVESTMENT ADVISERS, LLC 0.04% of their portfolio ROSEMARY BEACH, FL 57,85357.9k $380.1k $380.1k 0.04% Reduced -938.1k -938,112
38 North Ground Capital 0.44% of their portfolio Cohasset, MA 56,00056.0k $367.9k $367.9k 0.44% Reduced -38.4k -38,432
39 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 50,05150.1k $329.0k $329.0k 0.01% Reduced -2.3k -2,273
40 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 49,90949.9k $327.9k $327.9k 0.00% Added +12.3k +12,324
41 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 49,39449.4k $324.5k $324.5k 0.01% New
42 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 43,64343.6k $286.7k $286.7k 0.00% Reduced -1.2k -1,188
43 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 42,66242.7k $280.3k $280.3k 0.00% Reduced -1.4k -1,410
44 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 42,62442.6k $280.0k $280.0k 0.01% Added +1.8k +1,818
45 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 42,01942.0k $276.1k $276.1k 0.00% Added +13 +13
46 INTEGRATED CAPITAL MANAGEMENT, INC. 0.17% of their portfolio JESSUP, PA 37,51737.5k $246.5k $246.5k 0.17% Reduced -7.1k -7,131
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 35,04035.0k $230.2k $230.2k 0.00% New
48 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 31,87731.9k $209.4k $209.4k 0.00% Reduced -83 -83
49 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 27,33827.3k $179.6k $179.6k 0.00% Reduced -3.1k -3,055
50 Gridiron Partners, LLC 0.09% of their portfolio Wexford, PA 25,72325.7k $166.9k $166.9k 0.09% Reduced -29.1k -29,129
51 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 24,98025.0k $164.1k $164.1k 0.00% New
52 Bison Wealth, LLC 0.01% of their portfolio ATLANTA, GA 24,10324.1k $162.0k $162.0k 0.01% New
53 Marex Group Ltd 0.00% of their portfolio London, X0 24,00024.0k $157.7k $157.7k 0.00% Reduced -6.0k -6,000
54 Quarry LP 0.02% of their portfolio NEW YORK, NY 23,77323.8k $156.2k $156.2k 0.02% Reduced -435.1k -435,104
55 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 22,45122.5k $147.5k $147.5k 0.00% Added +399 +399
56 Noble Wealth Management PBC 0.06% of their portfolio GREENWOOD VILLAGE, CO 21,14421.1k $138.9k $138.9k 0.06% Reduced -7.1k -7,064
57 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 20,00020.0k $131.4k $131.4k 0.00% New
58 Tactive Advisors, LLC 0.03% of their portfolio Jacksonville, FL 18,53518.5k $121.8k $121.8k 0.03% Reduced -150 -150
59 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 18,00018.0k $118.3k $118.3k 0.00% Unchanged
60 DECISION INVESTMENTS, INC 0.10% of their portfolio SAN DIEGO, CA 17,45017.4k $114.6k $114.6k 0.10% Reduced -350 -350
61 Alpine Global Management, LLC 0.02% of their portfolio NEW YORK, NY 16,80016.8k $110.4k $110.4k 0.02% Reduced -10.2k -10,221
62 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 16,54916.5k $108.7k $108.7k 0.00% Added +510 +510
63 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 16,36716.4k $107.5k $107.5k 0.00% Added +600 +600
64 ROBINSON CAPITAL MANAGEMENT, LLC 0.05% of their portfolio GROSSE POINTE FARMS, MI 16,05116.1k $105.5k $105.5k 0.05% New
65 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 16,03516.0k $105.3k $105.3k 0.00% Added +3.6k +3,563
66 Permanent Capital Management, LP 0.01% of their portfolio CHICAGO, IL 15,53915.5k $102.1k $102.1k 0.01% New
67 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 14,52314.5k $95.4k $95.4k 0.00% Unchanged
68 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 14,00014.0k $92.0k $92.0k 0.00% Unchanged
69 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,86013.9k $91.1k $91.1k 0.00% Unchanged
70 EVOLVE PRIVATE WEALTH, LLC 0.01% of their portfolio LOS ANGELES, CA 12,71912.7k $83.6k $83.6k 0.01% Reduced -1.3k -1,272
71 MANCHESTER FINANCIAL INC 0.01% of their portfolio Westlake Village, CA 12,41412.4k $81.6k $81.6k 0.01% Added +99 +99
72 Grove Street Fiduciary, LLC 0.03% of their portfolio PETERBOROUGH, NH 11,53211.5k $75.8k $75.8k 0.03% Unchanged
73 GFS Advisors, LLC 0.00% of their portfolio HOUSTON, TX 11,47011.5k $23.7k $23.7k 0.00% New
74 Perennial Advisors, LLC 0.01% of their portfolio NEW YORK, NY 11,19811.2k $73.6k $73.6k 0.01% Added +411 +411
75 PFG Investments, LLC 0.00% of their portfolio WOODBURY, NY 10,37510.4k $68.2k $68.2k 0.00% Unchanged
76 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 9,0829.1k $59.7k $59.7k 0.00% Added +526 +526
77 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,2437.2k $48.0k $48.0k 0.00% Added +186 +186
78 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 4,4974.5k $29.6k $29.6k 0.00% Added +375 +375
79 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 4,4804.5k $29.4k $29.4k 0.00% New
80 WINMILL & CO. INC 0.01% of their portfolio WALPOLE, NH 3,7003.7k $24.3k $24.3k 0.01% Unchanged
81 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 3,5003.5k $23.0k $23.0k 0.00% New
82 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 3,0003.0k $19.7k $19.7k 0.00% Unchanged
83 GILL CAPITAL PARTNERS, LLC 0.00% of their portfolio DENVER, CO 2,3762.4k $15.6k $15.6k 0.00% Unchanged
84 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 1,9201.9k $12.6k $12.6k 0.00% New
85 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 1,6221.6k $11.0k $11.0k 0.00% Unchanged
86 CONSULTIVA WEALTH MANAGEMENT, CORP. 0.02% of their portfolio SAN JUAN, PR 1,3501.4k $8.9k $8.9k 0.02% Unchanged
87 Allied Private Wealth LLC 0.00% of their portfolio BOCA RATON, FL 1,1071.1k $7.5k $7.5k 0.00% First filing
88 FINANCIAL CONSULATE, INC 0.00% of their portfolio HUNT VALLEY, MD 1,0001.0k $6.6k $6.6k 0.00% Unchanged
89 Axiom Investment Management LLC 0.00% of their portfolio NEW YORK, NY 797797 $5.2k $5.2k 0.00% Unchanged
90 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 600600 $3.9k $3.9k 0.00% Unchanged
91 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 533533 $3.5k $3.5k 0.00% Unchanged
92 ESL Trust Services, LLC 0.00% of their portfolio ROCHESTER, NY 501501 $3.3k $3.3k 0.00% Unchanged
93 Kentucky Trust Co 0.00% of their portfolio DANVILLE, KY 500500 $3.3k $3.3k 0.00% Unchanged
94 BELLEVUE ASSET MANAGEMENT, LLC 0.00% of their portfolio BELLEVUE, WA 420420 $2.8k $2.8k 0.00% Unchanged
95 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 350350 $2.3k $2.3k 0.00% Unchanged
96 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 44 $27 $27 0.00% First filing
97 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $6 $6 0.00% Reduced -7.8k -7,750