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
↓ -9
Streak
1Q ▼
Buyers last Q
47%

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 — 91% of 3.0Y peak

91% of all-time peak
93 funds currently hold this stock — 91% of the 3.0-year high of 102 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 — 47% buying

44 buying49 selling
Last quarter: 49 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: 10 → 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 → 10 → 23 → 24 → 10 new funds/Q
New funds entering each quarter: 10 → 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 49 reduced or exited (30 trimmed, 19 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -9 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.

Loading signal freshness…
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
2026 Q2 Stats Unlock in 3 days 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

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

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:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
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. 3.12% 1,544,694 $10.1M
2 Flax Pond Capital, LLC 2.16% 405,786 $2.7M
3 Adalta Capital Management LLC 0.72% 248,039 $1.6M
4 Blue Bell Private Wealth Management, LLC 0.68% 829,855 $5.5M
5 Rivernorth Capital Management, LLC 0.58% 1,861,414 $12.2M
6 SVRN Asset Management, LLC 0.58% 171,487 $1.1M
7 North Ground Capital 0.44% 56,000 $368K
8 Peak Financial Advisors LLC 0.24% 89,996 $591K
9 Yakira Capital Management, Inc. 0.24% 127,896 $840K
10 Css LLC/Il 0.18% 686,484 $4.5M
11 Integrated Capital Management, INC. 0.17% 37,517 $246K
12 Next Capital Management LLC 0.16% 88,927 $584K
13 Shaker Financial Services, LLC 0.16% 75,815 $498K
14 Ethos Financial Group, LLC 0.11% 251,018 $1.6M
15 Decision Investments, Inc 0.10% 17,450 $115K
16 Marks Group Wealth Management, Inc 0.10% 172,790 $1.1M
17 Gridiron Partners, LLC 0.09% 25,723 $167K
18 Noble Wealth Management PBC 0.06% 21,144 $139K
19 TrueMark Investments, LLC 0.05% 59,855 $393K
20 Robinson Capital Management, LLC 0.05% 16,051 $105K
21 SeaCrest Wealth Management, LLC 0.05% 64,018 $421K
22 Absolute Investment Advisers, LLC 0.04% 57,853 $380K
23 Grove Street Fiduciary, LLC 0.03% 11,532 $76K
24 Tactive Advisors, LLC 0.03% 18,535 $122K
25 Advisors Asset Management, Inc. 0.03% 296,959 $2.0M
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 — 47% buying: Last quarter: 49 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.

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.

Full history →