Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Saba Capital Income & Oprnt (BRW)

92 + Investors. Track Smart Money conviction in BRW. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -8
Streak
1Q ▼
Buyers last Q
48%

Smart Money Signals — BRW

Based on 93 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BRW positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
93 funds currently hold this stock — 92% of the 3.0-year high of 101 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

44 buying48 selling
Last quarter: 48 funds reduced or exited vs 44 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-14 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 9 → 23 → 24 → 10. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 25% medium ■ 30% new
42 out of 93 hedge funds have held BRW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +5%, value -98%

Value
-97%
Shares
+5%
Last quarter: funds added +5% more shares while total portfolio value only changed -98%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~10 new funds/quarter

13 → 9 → 23 → 24 → 10 new funds/Q
New funds entering each quarter: 9 → 23 → 24 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 47% veterans vs 37% newcomers

■ 47% veterans ■ 16% 1-2yr ■ 37% new
Entry-cohort mix of 93 holders: 44 (47%) are 2+ year veterans, 15 entered 1–2 years ago, and 34 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 18% AUM from top-100

18% from top-100 AUM funds
12 of 93 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BRW

In 2026 Q1, 44 hedge funds were net buyers of BRW (10 opened a new position, 34 added to an existing one), while 48 reduced or exited (30 trimmed, 18 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -8 funds (more exits than new entries). Total institutional holders: 93.

Hedge Fund Ownership: BRW

How many hedge funds hold BRW — quarterly history vs. share price
Quarterly hedge fund ownership of BRW vs. share price

Market Analysis: BRW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BRW

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Saba Capital Income & Oprnt (BRW) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BRW has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 83d ago
BRW
-3.6%
XLF
+126.4%

BRW outperformed XLF by -130.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
BRW
-3.0%
XLF
+96.0%

Since the filing became public, BRW outperformed XLF by -99.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 1 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: BRW
92 + Investors

Track Smart Money conviction in BRW. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 92 101 -8.91%
13F Shares 21M 20M 5.42%
Total Value $131M $5.27B -97.51%
New Positions 9 24 -15
Increased Positions 34 38 -4
Closed Positions 18 13 +5
Reduced Positions 30 19 +11
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BRW

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

92 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BRW. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BRW holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Thomas J. Herzfeld Advisors, Inc. 3.25% 1,417,189 $9.6M
2 Flax Pond Capital, LLC 2.20% 405,786 $2.7M
3 Rpo LLC 1.97% 94,567 $637K
4 SVRN Asset Management, LLC 1.16% 178,495 $1.2M
5 Absolute Investment Advisers, LLC 0.79% 995,965 $6.7M
6 Blue Bell Private Wealth Management, LLC 0.78% 802,010 $5.4M
7 Adalta Capital Management LLC 0.78% 240,672 $1.6M
8 North Ground Capital 0.77% 94,432 $636K
9 Rivernorth Capital Management, LLC 0.68% 2,003,606 $13.5M
10 Quarry LP 0.55% 458,877 $3.1M
11 Logan Stone Capital, LLC 0.29% 153,367 $1.0M
12 Peak Financial Advisors LLC 0.26% 87,938 $593K
13 Yakira Capital Management, Inc. 0.25% 127,896 $862K
14 Css LLC/Il 0.23% 708,242 $4.8M
15 Gridiron Partners, LLC 0.23% 54,852 $370K
16 Integrated Capital Management, INC. 0.20% 44,648 $301K
17 Matisse Capital 0.19% 65,333 $440K
18 Next Capital Management LLC 0.18% 88,927 $599K
19 Ethos Financial Group, LLC 0.14% 266,401 $1.9M
20 Decision Investments, Inc 0.14% 17,800 $120K
21 Marks Group Wealth Management, Inc 0.11% 172,790 $1.2M
22 Noble Wealth Management PBC 0.10% 28,208 $190K
23 TrueMark Investments, LLC 0.07% 55,892 $377K
24 Landscape Capital Management, L.L.C. 0.07% 158,763 $1.1M
25 Tactive Advisors, LLC 0.04% 18,685 $126K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Saba Capital Income & Oprnt (BRW)

What does the Smart Money Trend signal show for BRW?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BRW positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BRW?

More sellers than buyers — 48% buying: Last quarter: 48 funds reduced or exited vs 44 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BRW holders?

Smaller funds dominant — 18% AUM from top-100: 12 of 93 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BRW?

45% of holders stayed for 2+ years: 42 out of 93 hedge funds have held BRW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Saba Capital Income & Oprnt (BRW) following the 2026 Q1 hedge fund 13F filings?

As of today, BRW has moved -3.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +96.0% for the XLF sector ETF — an outperformance of -99.0%. Since the quarter end (March 31, 2026), BRW has gained -3.6% vs +126.4% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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