Saba Capital Income & Opportunities Fund (BRW) — Institutional Holders, Q2 2026
97 institutional investment managers reported a BRW position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $129.7M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
BRW in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- J.W. COLE ADVISORSNew · +213,373 sh+$1.4M
- ENVESTNET ASSET MANAGEMENTAdded · +189,411 sh+$1.2M
- Thomas J. Herzfeld AdvisorsAdded · +127,505 sh+$837.7K
- Shaker Financial ServicesNew · +75,815 sh+$498.1K
- Penserra Capital ManagementAdded · +51,071 sh+$335.5K
Biggest sellers
- ABSOLUTE INVESTMENT ADVISERSTrimmed · -938,112 sh-$6.2M
- QuarryTrimmed · -435,104 sh-$2.9M
- Focus Partners WealthTrimmed · -215,425 sh-$1.4M
- Logan Stone CapitalSold out · -153,367 sh-$1.0M
- RIVERNORTH CAPITAL MANAGEMENTTrimmed · -142,192 sh-$934.2K
BRW 13F holders ranked 1–97 of 97
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Focus Partners Wealth#1 · 2,745,119 sh | 2,745,119 | $18.0M | 0.02% | -7.3% |
| 2 | TORONTO DOMINION BANK#2 · 2,278,240 sh | 2,278,240 | $15.0M | 0.02% | 0.0% |
| 3 | RIVERNORTH CAPITAL MANAGEMENT#3 · 1,861,414 sh | 1,861,414 | $12.2M | 0.58% | -7.1% |
| 4 | Thomas J. Herzfeld Advisors#4 · 1,544,694 sh | 1,544,694 | $10.1M | 3.12% | +9.0% |
| 5 | Penserra Capital Management#5 · 1,505,912 sh | 1,505,912 | $9.9M | 0.08% | +3.5% |
| 6 | ENVESTNET ASSET MANAGEMENT#6 · 1,075,205 sh | 1,075,205 | $7.1M | <0.01% | +21.4% |
| 7 | BLUE BELL PRIVATE WEALTH MANAGEMENT#7 · 829,855 sh | 829,855 | $5.5M | 0.68% | +3.5% |
| 8 | Invesco Ltd.#8 · 740,127 sh | 740,127 | $4.9M | <0.01% | -6.7% |
| 9 | CSS#9 · 686,484 sh | 686,484 | $4.5M | 0.18% | -3.1% |
| 10 | MORGAN STANLEY#10 · 605,349 sh | 605,349 | $4.0M | <0.01% | -5.7% |
| 11 | LPL Financial#11 · 507,546 sh | 507,546 | $3.3M | <0.01% | +6.8% |
| 12 | UBS Group AG#12 · 482,986 sh | 482,986 | $3.2M | <0.01% | +1.5% |
| 13 | FLAX POND CAPITAL#13 · 405,786 sh | 405,786 | $2.7M | 2.16% | 0.0% |
| 14 | Advisors Asset Management#14 · 296,959 sh | 296,959 | $2.0M | 0.03% | -0.6% |
| 15 | Ethos Financial Group#15 · 251,018 sh | 251,018 | $1.6M | 0.11% | -5.8% |
| 16 | Adalta Capital Management#16 · 248,039 sh | 248,039 | $1.6M | 0.72% | +3.1% |
| 17 | OSAIC#17 · 222,050 sh | 222,050 | $1.5M | <0.01% | +11.6% |
| 18 | SCOTIA CAPITAL#18 · 216,897 sh | 216,897 | $1.4M | <0.01% | -0.2% |
| 19 | J.W. COLE ADVISORS#19 · 213,373 sh | 213,373 | $1.4M | 0.02% | New |
| 20 | Modern Wealth Management#20 · 207,457 sh | 207,457 | $1.4M | 0.02% | +3.1% |
| 21 | Baird Financial Group#21 · 191,877 sh | 191,877 | $1.3M | <0.01% | +4.2% |
| 22 | PARK AVENUE SECURITIES#22 · 178,401 sh | 178,401 | $1.2M | — | -0.2% |
| 23 | Marks Group Wealth Management#23 · 172,790 sh | 172,790 | $1.1M | 0.10% | 0.0% |
| 24 | SVRN Asset Management#24 · 171,487 sh | 171,487 | $1.1M | 0.58% | -3.9% |
| 25 | Yakira Capital Management#25 · 127,896 sh | 127,896 | $840.3K | 0.24% | 0.0% |
| 26 | Chicago Partners Investment Group#26 · 122,851 sh | 122,851 | $815.7K | — | -4.8% |
| 27 | CHOREO#27 · 103,861 sh | 103,861 | $682.4K | <0.01% | +10.3% |
| 28 | RAYMOND JAMES FINANCIAL#28 · 92,798 sh | 92,798 | $609.7K | <0.01% | -18.0% |
| 29 | PEAK FINANCIAL ADVISORS#29 · 89,996 sh | 89,996 | $591.3K | 0.24% | +2.3% |
| 30 | Next Capital Management#30 · 88,927 sh | 88,927 | $584.3K | 0.16% | 0.0% |
| 31 | Shaker Financial Services#31 · 75,815 sh | 75,815 | $498.1K | — | New |
| 32 | IHT Wealth Management#32 · 75,252 sh | 75,252 | $494.4K | 0.01% | -1.0% |
| 33 | SeaCrest Wealth Management#33 · 64,018 sh | 64,018 | $420.6K | — | +36.1% |
| 34 | BANK OF AMERICA#34 · 63,655 sh | 63,655 | $418.2K | 0.00% | -10.9% |
| 35 | LANDSCAPE CAPITAL MANAGEMENT, L.L.C.#35 · 62,290 sh | 62,290 | $409.2K | 0.03% | -60.8% |
| 36 | TrueMark Investments#36 · 59,855 sh | 59,855 | $393.2K | 0.05% | +7.1% |
| 37 | ABSOLUTE INVESTMENT ADVISERS#37 · 57,853 sh | 57,853 | $380.1K | — | -94.2% |
| 38 | North Ground Capital#38 · 56,000 sh | 56,000 | $367.9K | 0.44% | -40.7% |
| 39 | WEDBUSH SECURITIES#39 · 50,051 sh | 50,051 | $329.0K | — | -4.3% |
| 40 | COMMONWEALTH EQUITY SERVICES#40 · 49,909 sh | 49,909 | $327.9K | <0.01% | +32.8% |
| 41 | CoreCap Advisors#41 · 49,394 sh | 49,394 | $324.5K | — | New |
| 42 | XTX Topco Ltd#42 · 43,643 sh | 43,643 | $286.7K | <0.01% | -2.6% |
| 43 | PNC FINANCIAL SERVICES GROUP#43 · 42,662 sh | 42,662 | $280.3K | <0.01% | -3.2% |
| 44 | FLAGSHIP HARBOR ADVISORS#44 · 42,624 sh | 42,624 | $280.0K | — | +4.5% |
| 45 | Cetera Investment Advisers#45 · 42,019 sh | 42,019 | $276.1K | <0.01% | 0.0% |
| 46 | INTEGRATED CAPITAL MANAGEMENT#46 · 37,517 sh | 37,517 | $246.5K | — | -16.0% |
| 47 | JANE STREET GROUP#47 · 35,040 sh | 35,040 | $230.2K | 0.00% | New |
| 48 | STIFEL FINANCIAL#48 · 31,877 sh | 31,877 | $209.4K | <0.01% | -0.3% |
| 49 | HighTower Advisors#49 · 27,338 sh | 27,338 | $179.6K | <0.01% | -10.1% |
| 50 | Gridiron Partners#50 · 25,723 sh | 25,723 | $166.9K | — | -53.1% |
| 51 | NOMURA#51 · 24,980 sh | 24,980 | $164.1K | <0.01% | New |
| 52 | Bison Wealth#52 · 24,103 sh | 24,103 | $162.0K | — | New |
| 53 | Marex Group plc#53 · 24,000 sh | 24,000 | $157.7K | <0.01% | -20.0% |
| 54 | Quarry#54 · 23,773 sh | 23,773 | $156.2K | 0.01% | -94.8% |
| 55 | NewEdge Advisors#55 · 22,451 sh | 22,451 | $147.5K | <0.01% | +1.8% |
| 56 | Noble Wealth Management PBC#56 · 21,144 sh | 21,144 | $138.9K | — | -25.0% |
| 57 | Clear Street Group#57 · 20,000 sh | 20,000 | $131.4K | <0.01% | New |
| 58 | Tactive Advisors#58 · 18,535 sh | 18,535 | $121.8K | — | -0.8% |
| 59 | M&T BANK#59 · 18,000 sh | 18,000 | $118.3K | <0.01% | 0.0% |
| 60 | DECISION INVESTMENTS#60 · 17,450 sh | 17,450 | $114.6K | — | -2.0% |
| 61 | Alpine Global Management#61 · 16,800 sh | 16,800 | $110.4K | 0.02% | -37.8% |
| 62 | Apollon Wealth Management#62 · 16,549 sh | 16,549 | $108.7K | — | +3.2% |
| 63 | CAPTRUST FINANCIAL ADVISORS#63 · 16,367 sh | 16,367 | $107.5K | <0.01% | +3.8% |
| 64 | ROBINSON CAPITAL MANAGEMENT#64 · 16,051 sh | 16,051 | $105.5K | 0.05% | New |
| 65 | MML INVESTORS SERVICES#65 · 16,035 sh | 16,035 | $105.3K | <0.01% | +28.6% |
| 66 | Permanent Capital Management#66 · 15,539 sh | 15,539 | $102.1K | 0.01% | New |
| 67 | FIFTH THIRD BANCORP#67 · 14,523 sh | 14,523 | $95.4K | <0.01% | 0.0% |
| 68 | GAMCO INVESTORS, ET AL#68 · 14,000 sh | 14,000 | $92.0K | <0.01% | 0.0% |
| 69 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#69 · 13,860 sh | 13,860 | $91.1K | 0.00% | 0.0% |
| 70 | EVOLVE PRIVATE WEALTH#70 · 12,719 sh | 12,719 | $83.6K | <0.01% | -9.1% |
| 71 | MANCHESTER FINANCIAL#71 · 12,414 sh | 12,414 | $81.6K | — | +0.8% |
| 72 | Grove Street Fiduciary#72 · 11,532 sh | 11,532 | $75.8K | — | 0.0% |
| 73 | Perennial Advisors#73 · 11,198 sh | 11,198 | $73.6K | — | +3.8% |
| 74 | PFG Investments#74 · 10,375 sh | 10,375 | $68.2K | <0.01% | 0.0% |
| 75 | Parallel Advisors#75 · 9,082 sh | 9,082 | $59.7K | <0.01% | +6.1% |
| 76 | ROYAL BANK OF CANADA#76 · 7,243 sh | 7,243 | $48.0K | 0.00% | +2.6% |
| 77 | GILL CAPITAL PARTNERS#77 · 4,752 sh | 4,752 | $31.2K | — | +100.0% |
| 78 | Rockefeller Capital Management L.P.#78 · 4,497 sh | 4,497 | $29.6K | 0.00% | +9.1% |
| 79 | Integrated Wealth Concepts#79 · 4,480 sh | 4,480 | $29.4K | <0.01% | New |
| 80 | WINMILL#80 · 3,700 sh | 3,700 | $24.3K | <0.01% | 0.0% |
| 81 | GFS Advisors#81 · 11,470 sh | 11,470 | $23.7K | <0.01% | New |
| 82 | SRS Capital Advisors#82 · 3,500 sh | 3,500 | $23.0K | <0.01% | New |
| 83 | Clearstead Advisors#83 · 3,000 sh | 3,000 | $19.7K | <0.01% | 0.0% |
| 84 | Ameritas Advisory Services#84 · 1,920 sh | 1,920 | $12.6K | <0.01% | New |
| 85 | Capital Advisors, Ltd.#85 · 1,622 sh | 1,622 | $11.0K | <0.01% | 0.0% |
| 86 | CONSULTIVA WEALTH MANAGEMENT#86 · 1,350 sh | 1,350 | $8.9K | 0.02% | 0.0% |
| 87 | Allied Private Wealth#87 · 1,107 sh | 1,107 | $7.5K | <0.01% | — |
| 88 | FINANCIAL CONSULATE#88 · 1,000 sh | 1,000 | $6.6K | — | 0.0% |
| 89 | Axiom Investment Management#89 · 797 sh | 797 | $5.2K | <0.01% | 0.0% |
| 90 | Farther Finance Advisors#90 · 600 sh | 600 | $3.9K | — | 0.0% |
| 91 | Steward Partners Investment Advisory#91 · 533 sh | 533 | $3.5K | 0.00% | 0.0% |
| 92 | ESL Services#92 · 501 sh | 501 | $3.3K | <0.01% | 0.0% |
| 93 | Kentucky#93 · 500 sh | 500 | $3.3K | — | 0.0% |
| 94 | BELLEVUE ASSET MANAGEMENT#94 · 420 sh | 420 | $2.8K | <0.01% | 0.0% |
| 95 | HIGHLINE WEALTH PARTNERS#95 · 350 sh | 350 | $2.3K | — | 0.0% |
| 96 | Global Retirement Partners#96 · 4 sh | 4 | $27.00 | 0.00% | — |
| 97 | WELLS FARGO & COMPANY#97 · 1 sh | 1 | $6.00 | 0.00% | -100.0% |
Funds that sold out of BRW in Q2 2026 (10)
Held BRW at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Logan Stone Capital153,367 sh | 153,367 | $1.0M |
| RPO94,567 sh | 94,567 | $637.4K |
| COHEN & STEERS80,000 sh | 80,000 | $539.0K |
| Matisse Capital65,333 sh | 65,333 | $440.3K |
| READYSTATE ASSET MANAGEMENT44,264 sh | 44,264 | $298.3K |
| CITADEL ADVISORS14,871 sh | 14,871 | $100.2K |
| Lido Advisors11,590 sh | 11,590 | $78.1K |
| Corient Private Wealth11,339 sh | 11,339 | $76.4K |
| Creative Planning10,807 sh | 10,807 | $72.8K |
| MAI Capital Management4,543 sh | 4,543 | $30.6K |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.