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Saba Capital Income & Opportunities Fund

BRW
Exchange
NYSE
SEC CIK
0000826020

No open-market purchases or sales by Saba Capital Income & Opportunities Fund insiders were filed in the last 90 days; 96 institutions reported holding it in 13F filings for Q2 2026, worth $129.6M in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Saba Capital Income & Opportunities Fund as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
93
+13 vs. Q2 2025
Shares held
55.4M
+43.4M (+361.4%) vs. Q2 2025
Total value
$99.6M
+$2.71M (+2.8%) vs. Q2 2025
New holders
23
29 more added
Sold out
10
20 more reduced

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BRW on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 93 institutions
Q1 2021: 1 institutionQ2 2021: 80 institutionsQ3 2021: 80 institutionsQ4 2021: 89 institutionsQ1 2022: 74 institutionsQ2 2022: 64 institutionsQ3 2022: 63 institutionsQ4 2022: 71 institutionsQ1 2023: 66 institutionsQ2 2023: 62 institutionsQ3 2023: 68 institutionsQ4 2023: 76 institutionsQ1 2024: 71 institutionsQ2 2024: 72 institutionsQ3 2024: 70 institutionsQ4 2024: 83 institutionsQ1 2025: 79 institutionsQ2 2025: 80 institutionsQ3 2025: 93 institutionsQ4 2025: 102 institutionsQ1 2026: 93 institutionsQ2 2026: 96 institutions
Value heldQ3 2025: $99.6M
Q1 2021: $0Q2 2021: $309.7MQ3 2021: $170.5MQ4 2021: $177.5MQ1 2022: $167.2MQ2 2022: $149.4MQ3 2022: $139.9MQ4 2022: $134.3MQ1 2023: $140.9MQ2 2023: $126.1MQ3 2023: $118.3MQ4 2023: $120.0MQ1 2024: $98.9MQ2 2024: $72.6MQ3 2024: $99.2MQ4 2024: $100.2MQ1 2025: $94.0MQ2 2025: $96.9MQ3 2025: $99.6MQ4 2025: $141.6MQ1 2026: $143.7MQ2 2026: $129.6M
Institutions holding BRW and their total value by quarter
QuarterHoldersValue
Q2 202696$129.6M
Q1 202693$143.7M
Q4 2025102$141.6M
Q3 202593$99.6M
Q2 202580$96.9M
Q1 202579$94.0M
Q4 202483$100.2M
Q3 202470$99.2M
Q2 202472$72.6M
Q1 202471$98.9M
Q4 202376$120.0M
Q3 202368$118.3M
Q2 202362$126.1M
Q1 202366$140.9M
Q4 202271$134.3M
Q3 202263$139.9M
Q2 202264$149.4M
Q1 202274$167.2M
Q4 202189$177.5M
Q3 202180$170.5M
Q2 202180$309.7M
Q1 20211$0

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Saba Capital Income & Opportunities Fund; share changes are against Q2 2025.

Institutions holding BRW in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Kovitz Investment Group Partners, LLC2,323,938$18.1M0.07%−423,020−15.4%Reduced
Thomas J. Herzfeld Advisors, Inc.1,175,007$9.13M3.13%+728,552+163.2%Added
Penserra Capital Management LLC1,169,800$9.09M0.11%+1,169,800New
Morgan Stanley731,143$5.68M0.00%−2,811−0.4%Reduced
Envestnet Asset Management Inc710,277$5.52M0.00%+658,039+1,259.7%Added
Seven Mile Advisory609,622$4.74M0.76%+609,622New
Invesco Ltd.540,304$4.20M0.00%−19,436−3.5%Reduced
LPL Financial LLC414,885$3.22M0.00%+8,040+2.0%Added
Rivernorth Capital Management, LLC381,474$2.96M0.17%−1,493,729−79.7%Reduced
GWM Advisors LLC309,845$2.41M0.01%+27,660+9.8%Added
Advisors Asset Management, Inc.298,546$2.32M0.04%−18,583−5.9%Reduced
Ethos Financial Group, LLC283,153$2.20M0.17%+13,435+5.0%Added
J.W. Cole Advisors, Inc.216,968$1.69M0.03%+17,453+8.7%Added
Alpine Global Management, LLC197,000$1.53M0.31%+197,000New
Marks Group Wealth Management, Inc185,636$1.44M0.13%00.0%Unchanged
Adalta Capital Management LLC177,500$1.38M0.63%+82,300+86.4%Added
Modern Wealth Management, LLC161,452$1.25M0.02%+2,197+1.4%Added
Baird Financial Group, Inc.149,109$1.16M0.00%+1,083+0.7%Added
Chicago Partners Investment Group LLC145,833$1.07M0.03%+1,988+1.4%Added
Yakira Capital Management, Inc.136,800$1.06M0.40%+136,800New
Scotia Capital Inc.118,303$919.2K0.00%−21,556−15.4%Reduced
Stifel Financial Corp117,184$910.5K0.00%+38,175+48.3%Added
CSS LLC115,030$893.8K0.05%−19,083−14.2%Reduced
CF Capital LLC110,000$854.7K0.52%−69,828−38.8%Reduced
Quarry LP109,284$849.1K0.21%−156,112−58.8%Reduced
Raymond James Financial Inc103,557$804.6K0.00%+4,978+5.0%Added
Boothbay Fund Management, LLC97,000$753.7K0.02%+97,000New
RSM US Wealth Management LLC95,258$740.2K0.01%+57,820+154.4%Added
Noble Wealth Management PBC93,501$726.5K0.39%+93,501New
Bank of America Corp92,649$719.9K0.00%−17,211−15.7%Reduced
Beacon Pointe Advisors, LLC91,709$712.6K0.01%+91,709New
Readystate Asset Management LP89,331$694.1K0.03%+89,331New
Next Capital Management LLC88,927$691.0K0.23%−10,798−10.8%Reduced
Landscape Capital Management, L.L.C.86,170$669.5K0.04%+86,170New
Oak Hill Advisors LP79,343$616.5K0.13%00.0%Unchanged
Peak Financial Advisors LLC63,700$494.9K0.24%+269+0.4%Added
Shaker Financial Services, LLC60,563$470.6K0.16%−21,657−26.3%Reduced
Wedbush Securities Inc57,549$447.0K0.01%+1,250+2.2%Added
UBS Group AG54,911$426.7K0.00%+3,891+7.6%Added
Advisor Group Holdings, Inc.48,129$386.9K0.00%+11,576+31.7%Added
Cerity Partners LLC49,055$381.2K0.00%+1,493+3.1%Added
Blue Bell Private Wealth Management, LLC46,945$364.8K0.06%+46,945New
SeaCrest Wealth Management, LLC45,759$348.2K0.04%+2,152+4.9%Added
Cetera Investment Advisers43,956$341.5K0.00%−20,018−31.3%Reduced
Jane Street Group, LLC35,830$278.4K0.00%+11,036+44.5%Added
Flagship Harbor Advisors, LLC35,549$276.2K0.01%+16,351+85.2%Added
The PNC Financial Services Group, Inc.34,327$266.7K0.00%−8,563−20.0%Reduced
IHT Wealth Management, LLC34,125$265.2K0.01%+34,125New
Absolute Investment Advisers LLC33,469$260.1K0.03%−651,948−95.1%Reduced
Goldman Sachs Group Inc33,356$259.2K0.00%−34,138−50.6%Reduced
Commonwealth Equity Services, LLC29,523$229.0K0.00%+2,312+8.5%Added
Parallel Advisors, LLC24,117$187.4K0.00%+4,820+25.0%Added
Gridiron Partners, LLC42,630,926$175.4K0.10%+42,608,346+188,699.5%Added
Westchester Capital Management, LLC22,344$173.6K0.01%−22,345−50.0%Reduced
M&T Bank Corp18,000$139.9K0.00%00.0%Unchanged
Apollon Wealth Management, LLC17,508$136.0K0.00%+17,508New
Captrust Financial Advisors17,158$133.3K0.00%+446+2.7%Added
CI Private Wealth, LLC15,078$117.2K0.00%+385+2.6%Added
Cohen & Steers, Inc.15,000$117.0K0.00%+15,000New
Royal Bank of Canada14,705$114.0K0.00%+3,815+35.0%Added
Susquehanna International Group, LLP13,860$107.7K0.00%00.0%Unchanged
Sage Capital Management, LLC13,500$104.9K0.05%00.0%Unchanged
Grove Street Fiduciary, LLC11,532$89.6K0.04%00.0%Unchanged
Maridea Wealth Management LLC11,773$85.6K0.01%+11,773New
Capital Investment Advisors, LLC10,985$85.4K0.00%+20+0.2%Added
Kestra Advisory Services, LLC10,357$80.5K0.00%−189−1.8%Reduced
Perennial Advisors, LLC10,028$77.9K0.01%+10,028New
M Wealth Management, LLC10,000$77.7K0.07%00.0%Unchanged
Creative Financial Designs Inc9,941$77.2K0.01%−486−4.7%Reduced
MAI Capital Management9,067$70.5K0.00%−500−5.2%Reduced
Comerica Bank7,971$61.9K0.00%00.0%Unchanged
Newbridge Financial Services Group, Inc.5,767$44.8K0.01%00.0%Unchanged
Winmill & Co. Inc3,600$28.0K0.01%00.0%Unchanged
Clearstead Advisors, LLC3,000$23.3K0.00%00.0%Unchanged
Rockefeller Capital Management L.P.2,581$20.1K0.00%+2,581New
Wealth Preservation Advisors, LLC2,000$15.5K0.01%00.0%Unchanged
Ameritas Advisory Services, LLC1,920$14.9K0.00%00.0%Unchanged
Capital Advisors, Ltd. LLC1,622$13.0K0.00%00.0%Unchanged
Consultiva Wealth Management, Corp.1,350$10.5K0.03%00.0%Unchanged
North Capital, Inc.1,270$9.87K0.01%+1+0.1%Added
Spire Wealth Management1,000$7.77K0.00%00.0%Unchanged
Financial Consulate, Inc1,000$7.77K0.00%+1,000New
CWM, LLC853$7.00K0.00%+853New
Wealthspire Advisors, LLC622$4.83K0.00%+622New
Farther Finance Advisors, LLC600$4.66K0.00%+600New
ESL Trust Services, LLC501$3.89K0.00%+501New
Kentucky Trust Co500$3.88K0.00%00.0%Unchanged
Bellevue Asset Management, LLC420$3.26K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC400$3.11K0.00%00.0%Unchanged
Highline Wealth Partners LLC350$2.72K0.00%+350New
Global Retirement Partners, LLC187$1.45K0.00%00.0%Unchanged
Advisory Services Network, LLC150$1.17K0.00%+150New
Wells Fargo & Company1$50.00%00.0%Unchanged
Invesco Senior Secured Management Inc0$00.00%−395,337−100.0%Sold out
Almitas Capital LLC0$00.00%−55,799−100.0%Sold out
Millennium Management LLC0$00.00%−35,941−100.0%Sold out
Wetherby Asset Management Inc0$00.00%−25,107−100.0%Sold out
Kestra Private Wealth Services, LLC0$00.00%−19,362−100.0%Sold out
HRT Financial LP0$00.00%−18,909−100.0%Sold out
JPMorgan Chase & Co0$00.00%−16,008−100.0%Sold out