Vault-13

SABA CAPITAL INCOME & OPRNT BRW

SHS NEW · Closed-End Fund · CUSIP 78518H202

73 institutional holders +1 vs Q1 2024
10,388,21010.4m shares reported held*
$73.2mreported value*
6 new 18 added 29 reduced 5 sold out net sold ≈ $35.9m (-5.1m 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 ≈ $7.05.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 64Q4 22: 71Q1 23: 66Q2 23: 64Q3 23: 69Q4 23: 77Q1 24: 72Q2 24: 7373Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202264
Q4 202271
Q1 202366
Q2 202364
Q3 202369
Q4 202377
Q1 202472
Q2 202473

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 32 bought or addedQ4 22: 22 cut or sold outQ4 22Q1 23: 24 bought or addedQ1 23: 35 cut or sold outQ2 23: 24 bought or addedQ2 23: 29 cut or sold outQ2 23Q3 23: 29 bought or addedQ3 23: 25 cut or sold outQ4 23: 30 bought or addedQ4 23: 28 cut or sold outQ4 23Q1 24: 35 bought or addedQ1 24: 28 cut or sold outQ2 24: 24 bought or addedQ2 24: 34 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223222
Q1 20232435
Q2 20232429
Q3 20232925
Q4 20233028
Q1 20243528
Q2 20242434

Biggest buyers

Quarry LP Added +110,327+110.3k
ABSOLUTE INVESTMENT ADVISERS, LLC Added +80,537+80.5k
Marks Group Wealth Management, Inc Added +80,534+80.5k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +49,899+49.9k
WEDBUSH SECURITIES INC New +38,542+38.5k
GraniteShares Advisors LLC Added +33,265+33.3k
J.W. COLE ADVISORS, INC. New +17,634+17.6k
Logan Stone Capital, LLC New +14,900+14.9k
LPL Financial LLC Added +13,497+13.5k
STIFEL FINANCIAL CORP Added +10,154+10.2k

Biggest sellers

Relative Value Partners Group, LLC Sold out -2,305,349-2.3m
MORGAN STANLEY Reduced -1,274,287-1.3m
Thomas J. Herzfeld Advisors, Inc. Sold out -511,391-511.4k
OSAIC HOLDINGS, INC. Reduced -420,419-420.4k
INVESCO SENIOR SECURED MANAGEMENT INC /ADV Reduced -395,337-395.3k
Alpine Global Management, LLC Reduced -242,643-242.6k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -125,676-125.7k
Gridiron Partners, LLC Reduced -46,380-46.4k
Invesco Ltd. Reduced -41,603-41.6k
Baird Financial Group, Inc. Reduced -35,312-35.3k

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 in Q2 2024

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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q3 22: 0 buyingQ3 22: 1 sellingQ4 22: 0 buyingQ4 22: 1 sellingQ4 22Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 0 sellingQ2 23Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20220—1$1.6m—
Q4 20220—1$1.8m—
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RIVERNORTH CAPITAL MANAGEMENT, LLC 1.07% of their portfolio WEST PALM BEACH, FL 3,203,8643.2m $22.6m $22.6m 1.07% Added +49.9k +49,899
2 Saba Capital Management, L.P. 0.21% of their portfolio NEW YORK, NY 1,348,6191.3m $9.5m $9.5m 0.21% Reduced -95 -95
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 720,122720.1k $5.1m $5.1m 0.00% Reduced -1.3m -1,274,287
4 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 486,813486.8k $3.4m $3.4m 0.00% Reduced -41.6k -41,603
5 INVESCO SENIOR SECURED MANAGEMENT INC /ADV 1.92% of their portfolio NEW YORK, NY 395,337395.3k $2.8m $2.8m 1.92% Reduced -395.3k -395,337
6 CSS LLC/IL 0.18% of their portfolio CHICAGO, IL 341,923341.9k $2.4m $2.4m 0.18% Reduced -7.8k -7,800
7 Alpine Global Management, LLC 0.32% of their portfolio NEW YORK, NY 257,357257.4k $1.8m $1.8m 0.32% Reduced -242.6k -242,643
8 GraniteShares Advisors LLC 0.59% of their portfolio NEW YORK, NY 252,008252.0k $1.8m $1.8m 0.59% Added +33.3k +33,265
9 Bulldog Investors, LLP 0.64% of their portfolio SADDLE BROOK, NJ 241,401241.4k $1.7m $1.7m 0.64% Unchanged
10 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 222,378222.4k $1.6m $1.6m 0.01% Reduced -28.6k -28,609
11 Marks Group Wealth Management, Inc 0.14% of their portfolio MINNETONKA, MN 184,256184.3k $1.3m $1.3m 0.14% Added +80.5k +80,534
12 Meteora Capital, LLC 0.24% of their portfolio Boca Raton, FL 181,679181.7k $1.3m $1.3m 0.24% Unchanged
13 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 181,401181.4k $1.3m $1.3m 0.00% Reduced -35.3k -35,312
14 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.10% of their portfolio Englewood, NJ 167,190167.2k $1.2m $1.2m 0.10% Reduced -125.7k -125,676
15 Next Capital Management LLC 0.48% of their portfolio NEW YORK, NY 162,644162.6k $1.1m $1.1m 0.48% Reduced -3.0k -3,021
16 Quarry LP 0.23% of their portfolio NEW YORK, NY 153,860153.9k $1.1m $1.1m 0.23% Added +110.3k +110,327
17 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 144,433144.4k $1.0m $1.0m 0.03% Unchanged
18 Chicago Partners Investment Group LLC 0.04% of their portfolio CHICAGO, IL 136,693136.7k $991.0k $991.0k 0.04% Reduced -207 -207
19 Shaker Financial Services, LLC 0.38% of their portfolio Arlington, VA 134,511134.5k $947.0k $947.0k 0.38% Reduced -32.0k -32,022
20 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 134,398134.4k $946.2k $946.2k 0.00% Added +13.5k +13,497
21 ABSOLUTE INVESTMENT ADVISERS, LLC 0.13% of their portfolio ROSEMARY BEACH, FL 124,070124.1k $873.5k $873.5k 0.13% Added +80.5k +80,537
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 98,71598.7k $695.0k $695.0k 0.00% Reduced -3.2k -3,204
23 OAK HILL ADVISORS LP 0.08% of their portfolio New York, NY 90,83290.8k $639.5k $639.5k 0.08% Reduced -1 -1
24 Gridiron Partners, LLC 0.39% of their portfolio Wexford, PA 81,64081.6k $619.6k $619.6k 0.39% Reduced -46.4k -46,380
25 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 78,72678.7k $554.2k $554.2k 0.00% Added +2.2k +2,159
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 65,27465.3k $459.5k $459.5k 0.00% Reduced -600 -600
27 PEAK FINANCIAL ADVISORS LLC 0.23% of their portfolio DENVER, CO 57,49357.5k $404.8k $404.8k 0.23% Added +9.2k +9,182
28 Adalta Capital Management LLC 0.21% of their portfolio NEW YORK, NY 54,79054.8k $385.7k $385.7k 0.21% Added +4.6k +4,590
29 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 44,88244.9k $316.0k $316.0k 0.00% Reduced -420.4k -420,419
30 Westchester Capital Management, LLC 0.01% of their portfolio VALHALLA, NY 44,68944.7k $314.6k $314.6k 0.01% Unchanged
31 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 43,78543.8k $308.2k $308.2k 0.00% Added +1.3k +1,278
32 SeaCrest Wealth Management, LLC 0.03% of their portfolio PURCHASE, NY 42,80742.8k $301.4k $301.4k 0.03% Added +2.4k +2,432
33 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 40,97341.0k $288.4k $288.4k 0.00% Reduced -4.8k -4,802
34 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 38,54238.5k $271.0k $271.0k 0.01% New
35 Parallel Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 38,00738.0k $267.6k $267.6k 0.01% Reduced -24.7k -24,694
36 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 35,98236.0k $253.3k $253.3k 0.00% Added +10.2k +10,154
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 32,01632.0k $225.4k $225.4k 0.00% Unchanged
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 31,74131.7k $223.5k $223.5k 0.00% Reduced -10.9k -10,881
39 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 29,21629.2k $206.0k $206.0k 0.00% Added +5.8k +5,788
40 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 21,89821.9k $154.2k $154.2k 0.00% Reduced -17.4k -17,446
41 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 20,26120.3k $142.6k $142.6k 0.00% Added +5.3k +5,291
42 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 17,63417.6k $124.1k $124.1k 0.01% New
43 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 17,08117.1k $120.2k $120.2k 0.00% Added +561 +561
44 COMERICA BANK 0.00% of their portfolio DALLAS, TX 15,47115.5k $108.9k $108.9k 0.00% Unchanged
45 Logan Stone Capital, LLC 0.03% of their portfolio CHICAGO, IL 14,90014.9k $104.9k $104.9k 0.03% New
46 Sage Capital Management, LLC 0.05% of their portfolio Stockton, NJ 13,90313.9k $97.9k $97.9k 0.05% Reduced -529 -529
47 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,86013.9k $97.6k $97.6k 0.00% Unchanged
48 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 13,33213.3k $93.9k $93.9k 0.00% Added +1.3k +1,278
49 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 12,74912.7k $89.8k $89.8k 0.00% Added +2.0k +2,000
50 Family Manage LLC 0.02% of their portfolio NEW YORK, NY 12,56312.6k $88.4k $88.4k 0.02% Reduced -1.8k -1,815
51 Abacus Planning Group, Inc. 0.02% of their portfolio COLUMBIA, SC 12,54712.5k $88.3k $88.3k 0.02% Unchanged
52 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 11,60911.6k $81.7k $81.7k 0.00% Reduced -77 -77
53 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 11,12611.1k $78.3k $78.3k 0.00% Reduced -1.1k -1,087
54 Western Wealth Management, LLC 0.01% of their portfolio GOLDEN, CO 10,52010.5k $74.1k $74.1k 0.01% Reduced -750 -750
55 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,46410.5k $73.7k $73.7k 0.00% Unchanged
56 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,19010.2k $72.0k $72.0k 0.00% Reduced -5.9k -5,852
57 Sea Otter Advisors LLC 0.29% of their portfolio Miami, FL 5,0005.0k $35.2k $35.2k 0.29% New
58 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,6893.7k $26.0k $26.0k 0.00% Reduced -1 -1
59 WINMILL & CO. INC 0.01% of their portfolio WALPOLE, NH 3,6003.6k $25.3k $25.3k 0.01% Unchanged
60 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 3,0003.0k $21.1k $21.1k 0.00% New
61 Raleigh Capital Management Inc. 0.01% of their portfolio CARY, NC 2,4002.4k $16.9k $16.9k 0.01% Added +300 +300
62 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 1,6221.6k $11.0k $11.0k 0.00% Unchanged
63 TRUST CO OF VERMONT 0.00% of their portfolio BRATTLEBORO, VT 1,3001.3k $9.2k $9.2k 0.00% Unchanged
64 BELLEVUE ASSET MANAGEMENT, LLC 0.00% of their portfolio BELLEVUE, WA 420420 $3.0k $3.0k 0.00% Unchanged
65 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 400400 $2.8k $2.8k 0.00% Reduced -884 -884
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 390390 $2.7k $2.7k 0.00% New
67 Investors Research Corp 0.00% of their portfolio ATLANTA, GA 387387 $2.7k $2.7k 0.00% Unchanged
68 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 260260 $1.8k $1.8k 0.00% Unchanged
69 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 187187 $1.3k $1.3k 0.00% Unchanged
70 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 155155 $1.1k $1.1k 0.00% Unchanged
71 TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio LEESBURG, VA 125125 $880 $880 0.00% Unchanged
72 Westside Investment Management, Inc. 0.00% of their portfolio SANTA MONICA, CA 100100 $704 $704 0.00% Unchanged
73 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged