BRW · Saba Capital Income & Opportunities Fund · Holdings

$6.17 -0.07 (-1.12%) At close · Sep 18

Market Cap

$320.38M

50.90M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 96

Total Value: $129,599,114

Total Shares: 19,725,900

Institutional Ownership Trend

26 quarters

Superinvestors Holding BRW

All superinvestors →

Mario Gabelli $91,980

Holder Concentration

Across 96 13F filers · Δ vs Mar 31, 2026

Top Holder

13.9%

+0.0 pts

Top 5

50.4%

+2.9 pts

Top 10

70.3%

+3.2 pts

HHI

652

Broadly held+44

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: +3

Institutional value: -9.7%

Shares held: -7.4%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega ENVESTNET ASSET MANAGEMENT INC	+189,411	1,075,205
Small Thomas J. Herzfeld Advisors, Inc.	+127,505	1,544,694
Large Penserra Capital Management LLC	+51,071	1,505,912
Mega LPL Financial LLC	+32,187	507,546
Small BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC	+27,845	829,855

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Small ABSOLUTE INVESTMENT ADVISERS, LLC	−938,112	57,853
Mid Quarry LP	−435,104	23,773
Large Focus Partners Wealth	−215,425	2,745,119
Mid RIVERNORTH CAPITAL MANAGEMENT, LLC	−142,192	1,861,414
Mid LANDSCAPE CAPITAL MANAGEMENT, L.L.C.	−96,473	62,290

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mid J.W. COLE ADVISORS, INC.	213,373	$1,401,860
Small Shaker Financial Services, LLC	75,815	$498,104
Mid CoreCap Advisors, LLC	49,394	$324,518
Mega JANE STREET GROUP, LLC	35,040	$230,212
Large NOMURA HOLDINGS INC	24,980	$164,118

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Small Logan Stone Capital, LLC	153,367	$1,033,693
Micro RPO LLC	94,567	$637,381
Large COHEN & STEERS, INC.	80,000	$539,200
Small Matisse Capital	65,333	$440,343
Mid READYSTATE ASSET MANAGEMENT LP	44,264	$298,339

Filter: New 14 Increased 26 Reduced 32 Sold out 11 Unchanged 24

Showing 96 of 96

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Focus Partners Wealth

$18,035,431

13.92%

2,745,119

TORONTO DOMINION BANK

$14,968,036

11.55%

2,278,240

RIVERNORTH CAPITAL MANAGEMENT, LLC

$12,229,489

9.44%

1,861,414

Thomas J. Herzfeld Advisors, Inc.

$10,148,639

7.83%

1,544,694

Penserra Capital Management LLC

$9,893,841

7.63%

1,505,912

ENVESTNET ASSET MANAGEMENT INC

$7,064,096

5.45%

1,075,205

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

$5,452,147

4.21%

829,855

Invesco Ltd.

$4,862,634

3.75%

740,127

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Capital Management LLC	740,127	$4,862,634	100.0%	Defined

CSS LLC/IL

$4,510,199

3.48%

686,484

MORGAN STANLEY

$3,977,142

3.07%

605,349

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	605,098	$3,975,493	100.0%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	251	$1,649	0.0%	Defined

LPL Financial LLC

$3,334,577

2.57%

507,546

UBS Group AG

$3,173,217

2.45%

482,986

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	468,755	$3,079,720	97.1%	Defined
UBS AG	14,231	$93,497	2.9%	Defined

FLAX POND CAPITAL, LLC

$2,666,014

2.06%

405,786

Advisors Asset Management, Inc.

$1,951,020

1.51%

296,959

Ethos Financial Group, LLC

$1,649,188

1.27%

251,018

Adalta Capital Management LLC

$1,629,615

1.26%

248,039

OSAIC HOLDINGS, INC.

$1,458,868

1.13%

222,050

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	222,050	$1,458,868	100.0%	Defined

SCOTIA CAPITAL INC.

$1,425,013

1.10%

216,897

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF NOVA SCOTIA	216,897	$1,425,013	100.0%	Defined

J.W. COLE ADVISORS, INC.

$1,401,860

1.08%

213,373

Modern Wealth Management, LLC

$1,362,992

1.05%

207,457

Baird Financial Group, Inc.

$1,260,631

0.97%

191,877

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Robert W. Baird & Co. Inc	191,877	$1,260,631	100.0%	Defined

PARK AVENUE SECURITIES LLC

$1,172,094

0.90%

178,401

Marks Group Wealth Management, Inc

$1,135,230

0.88%

172,790

SVRN Asset Management, LLC

$1,126,669

0.87%

171,487

Yakira Capital Management, Inc.

$840,276

0.65%

127,896

Chicago Partners Investment Group LLC

$807,131

0.62%

122,851

CHOREO, LLC

$682,366

0.53%

103,861

RAYMOND JAMES FINANCIAL INC

$609,682

0.47%

92,798

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	79,250	$520,672	85.4%	Defined
Raymond James Financial Services Advisors, Inc.	13,548	$89,010	14.6%	Defined

PEAK FINANCIAL ADVISORS LLC

$591,273

0.46%

89,996

Next Capital Management LLC

$584,250

0.45%

88,927

Shaker Financial Services, LLC

$498,104

0.38%

75,815

IHT Wealth Management, LLC

$494,405

0.38%

75,252

SeaCrest Wealth Management, LLC

$420,598

0.32%

64,018

BANK OF AMERICA CORP /DE/

$418,213

0.32%

63,655

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	63,655	$418,213	100.0%	Defined

LANDSCAPE CAPITAL MANAGEMENT, L.L.C.

$409,244

0.32%

62,290

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Landscape High Leverage Fund, LP	11,534	$75,778	18.5%	Defined
LANDSCAPE OFFSHORE HL FUND LTD.	32,380	$212,736	52.0%	Defined
Held directly	18,376	$120,730	29.5%	Sole

TrueMark Investments, LLC

$393,247

0.30%

59,855

ABSOLUTE INVESTMENT ADVISERS, LLC

$380,094

0.29%

57,853

North Ground Capital

$367,920

0.28%

56,000

WEDBUSH SECURITIES INC

$328,835

0.25%

50,051

COMMONWEALTH EQUITY SERVICES, LLC

$327,902

0.25%

49,909

CoreCap Advisors, LLC

$324,518

0.25%

49,394

XTX Topco Ltd

$286,734

0.22%

43,643

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	43,643	$286,734	100.0%	Defined

PNC FINANCIAL SERVICES GROUP, INC.

$280,289

0.22%

42,662

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Wealth Management LLC	42,662	$280,289	100.0%	Defined

FLAGSHIP HARBOR ADVISORS, LLC

$280,039

0.22%

42,624

Cetera Investment Advisers

$276,064

0.21%

42,019

INTEGRATED CAPITAL MANAGEMENT, INC.

$246,486

0.19%

37,517

JANE STREET GROUP, LLC

$230,212

0.18%

35,040

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	16,736	$109,955	47.8%	Defined
Jane Street Global Trading, LLC	18,304	$120,257	52.2%	Defined

STIFEL FINANCIAL CORP

$209,431

0.16%

31,877

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STIFEL NICOLAUS & CO INC \MO\	31,877	$209,431	100.0%	Defined

HighTower Advisors, LLC

$179,610

0.14%

27,338

Gridiron Partners, LLC

$169,000

0.13%

25,723

NOMURA HOLDINGS INC

$164,118

0.13%

24,980

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NOMURA GLOBAL FINANCIAL PRODUCTS INC	24,980	$164,118	100.0%	Defined

Bison Wealth, LLC

$158,356

0.12%

24,103

Marex Group plc

$157,680

0.12%

24,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marex Financial	24,000	$157,680	100.0%	Defined

Quarry LP

$156,188

0.12%

23,773

NewEdge Advisors, LLC

$147,503

0.11%

22,451

Noble Wealth Management PBC

$138,916

0.11%

21,144

Clear Street Group Inc.

$131,400

0.10%

20,000

Tactive Advisors, LLC

$121,774

0.09%

18,535

M&T Bank Corp

$118,260

0.09%

18,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wilmington Trust National Association	18,000	$118,260	100.0%	Defined

DECISION INVESTMENTS, INC

$114,646

0.09%

17,450

Alpine Global Management, LLC

$110,376

0.09%

16,800

Apollon Wealth Management, LLC

$108,726

0.08%

16,549

CAPTRUST FINANCIAL ADVISORS

$107,531

0.08%

16,367

ROBINSON CAPITAL MANAGEMENT, LLC

$105,455

0.08%

16,051

MML INVESTORS SERVICES, LLC

$105,349

0.08%

16,035

Permanent Capital Management, LP

$102,091

0.08%

15,539

FIFTH THIRD BANCORP

$95,416

0.07%

14,523

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fifth Third Bank, National Association	14,523	$95,416	100.0%	Defined

GAMCO INVESTORS, INC. ET AL

$91,980

0.07%

14,000

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$91,060

0.07%

13,860

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	13,860	$91,060	100.0%	Other

EVOLVE PRIVATE WEALTH, LLC

$83,563

0.06%

12,719

MANCHESTER FINANCIAL INC

$81,559

0.06%

12,414

Grove Street Fiduciary, LLC

$75,765

0.06%

11,532

GFS Advisors, LLC

$75,357

0.06%

11,470

Perennial Advisors, LLC

$73,570

0.06%

11,198

PFG Investments, LLC

$68,163

0.05%

10,375

Parallel Advisors, LLC

$59,668

0.05%

9,082

ROYAL BANK OF CANADA

$47,586

0.04%

7,243

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	6,204	$40,760	85.7%	Defined
RBC Trust Co (Delaware) Ltd	1,039	$6,826	14.3%	Defined

Rockefeller Capital Management L.P.

$29,544

0.02%

4,497

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER TRUST COMPANY, N.A.	3,652	$23,993	81.2%	Defined
ROCKEFELLER FINANCIAL LLC	845	$5,551	18.8%	Defined

WINMILL & CO. INC

$24,309

0.02%

3,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Bexil Advisers LLC	3,700	$24,309	100.0%	Defined

Arax Advisory Partners

$22,995

0.02%

3,500

Clearstead Advisors, LLC

$19,710

0.02%

3,000

GILL CAPITAL PARTNERS, LLC

$15,610

0.01%

2,376

Ameritas Advisory Services, LLC

$12,614

0.01%

1,920

Capital Advisors, Ltd. LLC

$10,656

0.01%

1,622

CONSULTIVA WEALTH MANAGEMENT, CORP.

$8,869

0.01%

1,350

Allied Private Wealth LLC

$7,272

0.01%

1,107

FINANCIAL CONSULATE, INC

$6,570

0.01%

1,000

Axiom Investment Management LLC

$5,235

0.00%

797

Farther Finance Advisors, LLC

$3,942

0.00%

600

Steward Partners Investment Advisory, LLC

$3,501

0.00%

533

ESL Trust Services, LLC

$3,291

0.00%

501

Kentucky Trust Co

$3,285

0.00%

500

BELLEVUE ASSET MANAGEMENT, LLC

$2,759

0.00%

420

HIGHLINE WEALTH PARTNERS LLC

$2,299

0.00%

350

Global Retirement Partners, LLC

$26

0.00%

WELLS FARGO & COMPANY/MN

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	1	$6	100.0%	Defined

Key facts CIK 826020 CUSIP 78518H202 13F (30d) 1 filings 1 filers Visit website