BRW

Saba Capital Income & Opportunities Fund

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CIK 826020

$6.58

-0.03 (-0.45%)

USD · as of 2026-07-29 · marketstack

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Institutional ownership· 13F filers holding BRW · 2026-Q1 methodology → sources →

93 holders

NOT COVEREDSABA CAPITAL INCOME & OPRNTOutside our covered operating-company universe: we hold no company record, no SEC annual-report provenance and no cover-page share count for this line, so fundamentals and classification are unavailable. Nothing about what kind of security it is is asserted here — only the 13F register below, which is filed against its CUSIP and stands as filed.evidence ⓘ

% of shares outstanding held

—

Shares held (13F)

21,306,759

Reporting holders

% of shares outstanding not shown: no SEC cover-page share count falls within 120 days of the 2026-Q1 quarter end, so any percentage would rest on a count that cannot speak for this quarter. Holder share counts are shown as filed.

Active share of register96.1%90 active filers

Index / screened out3.9%3 filers

Reporting holders932026-Q1

Top-10 concentration67.1%

HHI0.0607

Effective holders16.5

Crowding percentile—

Crowding percentile withheld — no market cap for BRW in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.

Top holders

largest 93 of 93 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	Focus Partners Wealth	2,960,5443.0M	$20M	—	—
2	TORONTO DOMINION BANK	2,278,2402.3M	$15M	—	NEW
3	RIVERNORTH CAPITAL MANAGEMENT, LLC	2,003,6062.0M	$14M	—	—
4	Penserra Capital Management LLC	1,454,8411.5M	$10M	—	ADD 13%
5	Thomas J. Herzfeld Advisors, Inc.	1,417,1891.4M	$10M	—	TRIM -23%
6	ABSOLUTE INVESTMENT ADVISERS, LLC	995,965995,965	$7M	—	ADD 36%
7	ENVESTNET ASSET MANAGEMENT INC	885,794885,794	$6M	—	ADD 40%
8	BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC	802,010802,010	$5M	—	ADD 5%
9	Invesco Ltd.	792,899792,899	$5M	—	ADD 11%
10	CSS LLC/IL	708,242708,242	$5M	—	TRIM -4%
11	MORGAN STANLEY	642,177642,177	$4M	—	TRIM -6%
12	UBS Group AG	475,890475,890	$3M	—	ADD 12%
13	LPL Financial LLC	475,359475,359	$3M	—	ADD 14%
14	Quarry LP	458,877458,877	$3M	—	ADD 59%
15	FLAX POND CAPITAL, LLC	405,786405,786	$3M	—	ADD 3%
16	Advisors Asset Management, Inc.	298,824298,824	$2M	—	—
17	Ethos Financial Group, LLC	266,401266,401	$2M	—	—
18	Adalta Capital Management LLC	240,672240,672	$2M	—	ADD 7%
19	SCOTIA CAPITAL INC.	217,374217,374	$1M	—	—
20	Modern Wealth Management, LLC	201,277201,277	$1M	—	ADD 12%
21	OSAIC HOLDINGS, INC.	198,986198,986	$1M	—	ADD 17%
22	Baird Financial Group, Inc.	184,113184,113	$1M	—	—
23	PARK AVENUE SECURITIES LLC	178,692178,692	$1M	—	ADD 6%
24	SVRN Asset Management, LLC	178,495178,495	$1M	—	—
25	Marks Group Wealth Management, Inc	172,790172,790	$1M	—	TRIM -7%
26	LANDSCAPE CAPITAL MANAGEMENT, L.L.C.	158,763158,763	$1M	—	ADD 79%
27	Logan Stone Capital, LLC	153,367153,367	$1M	—	TRIM -13%
28	Chicago Partners Investment Group LLC	129,110129,110	$885,698	—	TRIM -5%
29	Yakira Capital Management, Inc.	127,896127,896	$862,019	—	—
30	RAYMOND JAMES FINANCIAL INC	113,141113,141	$762,570	—	ADD 9%
31	RPO LLC	94,56794,567	$637,382	—	NEW
32	North Ground Capital	94,43294,432	$636,472	—	TRIM -42%
33	CHOREO, LLC	94,18194,181	$634,780	—	TRIM -31%
34	Next Capital Management LLC	88,92788,927	$599,368	—	—
35	PEAK FINANCIAL ADVISORS LLC	87,93887,938	$592,705	—	ADD 4%
36	COHEN & STEERS, INC.	80,00080,000	$539,000	—	TRIM -27%
37	IHT Wealth Management, LLC	75,99375,993	$512,196	—	ADD 37%
38	BANK OF AMERICA CORP /DE/	71,41471,414	$481,328	—	TRIM -26%
39	Matisse Capital	65,33365,333	$440,345	—	—
40	TrueMark Investments, LLC	55,89255,892	$376,712	—	ADD 5%
41	Gridiron Partners, LLC	54,85254,852	$369,702	—	ADD 134%
42	WEDBUSH SECURITIES INC	52,32452,324	$353,000	—	TRIM -3%
43	SeaCrest Wealth Management, LLC	47,03347,033	$317,002	—	—
44	XTX Topco Ltd	44,83144,831	$302,161	—	NEW
45	INTEGRATED CAPITAL MANAGEMENT, INC.	44,64844,648	$300,926	—	ADD 13%
46	READYSTATE ASSET MANAGEMENT LP	44,26444,264	$298,339	—	TRIM -40%
47	PNC FINANCIAL SERVICES GROUP, INC.	44,07244,072	$297,047	—	ADD 28%
48	Cetera Investment Advisers	42,00642,006	$283,120	—	TRIM -2%
49	FLAGSHIP HARBOR ADVISORS, LLC	40,80640,806	$275,027	—	TRIM -2%
50	COMMONWEALTH EQUITY SERVICES, LLC	37,58537,585	$253,323	—	ADD 24%
51	STIFEL FINANCIAL CORP	31,96031,960	$215,410	—	—
52	HighTower Advisors, LLC	30,39330,393	$204,850	—	TRIM -9%
53	Marex Group plc	30,00030,000	$202,200	—	NEW
54	Noble Wealth Management PBC	28,20828,208	$190,125	—	TRIM -81%
55	Alpine Global Management, LLC	27,02127,021	$182,122	—	NEW
56	Tactive Advisors, LLC	18,68518,685	$125,937	—	TRIM -17%
57	M&T Bank Corp	18,00018,000	$121,320	—	—
58	DECISION INVESTMENTS, INC	17,80017,800	$119,972	—	ADD 13%
59	Apollon Wealth Management, LLC	16,03916,039	$108,105	—	TRIM -10%
60	CAPTRUST FINANCIAL ADVISORS	15,76715,767	$106,267	—	ADD 4%
61	CITADEL ADVISORS LLC	14,87114,871	$100,231	—	TRIM -37%
62	FIFTH THIRD BANCORP	14,52314,523	$97,885	—	NEW
63	GAMCO INVESTORS, INC. ET AL	14,00014,000	$94,360	—	—
64	EVOLVE PRIVATE WEALTH, LLC	13,99113,991	$94,299	—	NEW
65	SUSQUEHANNA INTERNATIONAL GROUP, LLP	13,86013,860	$93,416	—	—
66	MML INVESTORS SERVICES, LLC	12,47212,472	$84,062	—	TRIM -19%
67	MANCHESTER FINANCIAL INC	12,31512,315	$83,007	—	ADD 3%
68	Lido Advisors, LLC	11,59011,590	$78,117	—	NEW
69	Grove Street Fiduciary, LLC	11,53211,532	$77,726	—	—
70	Corient Private Wealth LLC	11,33911,339	$76,423	—	TRIM -67%
71	Creative Planning	10,80710,807	$72,842	—	NEW
72	Perennial Advisors, LLC	10,78710,787	$72,704	—	ADD 4%
73	PFG Investments, LLC	10,37510,375	$69,928	—	NEW
74	Parallel Advisors, LLC	8,5568,556	$57,671	—	ADD 25%
75	WELLS FARGO & COMPANY/MN	7,7517,751	$52,239	—	ADD 775000%
76	ROYAL BANK OF CANADA	7,0577,057	$48,000	—	TRIM -54%
77	MAI Capital Management	4,5434,543	$30,620	—	—
78	Rockefeller Capital Management L.P.	4,1224,122	$27,785	—	ADD 89%
79	WINMILL & CO. INC	3,7003,700	$24,938	—	—
80	NewEdge Advisors, LLC	22,05222,052	$22,052	—	TRIM -90%
81	Clearstead Advisors, LLC	3,0003,000	$20,220	—	—
82	GILL CAPITAL PARTNERS, LLC	2,3762,376	$16,014	—	NEW
83	Capital Advisors, Ltd. LLC	1,6221,622	$11,000	—	—
84	CONSULTIVA WEALTH MANAGEMENT, CORP.	1,3501,350	$9,099	—	—
85	CWM, LLC	1,1761,176	$7,926	—	—
86	FINANCIAL CONSULATE, INC	1,0001,000	$6,740	—	—
87	Axiom Investment Management LLC	797797	$5,372	—	NEW
88	Farther Finance Advisors, LLC	600600	$4,032	—	—
89	Steward Partners Investment Advisory, LLC	533533	$3,592	—	—
90	ESL Trust Services, LLC	501501	$3,377	—	—
91	Kentucky Trust Co	500500	$3,370	—	—
92	BELLEVUE ASSET MANAGEMENT, LLC	420420	$2,830	—	—
93	HIGHLINE WEALTH PARTNERS LLC	350350	$2,359	—	—

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Buyers & sellers2026-Q1 vs 2025-Q4 · 45 bought / 50 sold · net +1,095,264 shares · 4.9d of ADV

Bought45 filers

Shares: 3,882,650
Value: $26M
Opened: 12 · 2,539,118 sh
Days of ADV: 17.5d

Sold50 filers

Shares: 2,787,386
Value: $19M
Closed: 21 · 1,618,966 sh
Days of ADV: 12.6d

Net (all filers) +1,095,264 sh · $7M · 5.4% of the prior register

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

Focus Partners Wealth

—

3.0M

$20M

TORONTO DOMINION BANK

—

2.3M

$15M

RIVERNORTH CAPITAL MANAGEMENT, LLC

2.8M

2.4M

1.9M

381K

2.0M

$14M

Penserra Capital Management LLC

1.3M

—

1.2M

1.3M

1.5M

$10M

Thomas J. Herzfeld Advisors, Inc.

—

446K

1.2M

1.8M

1.4M

$10M

ABSOLUTE INVESTMENT ADVISERS, LLC

703K

614K

685K

33K

732K

996K

$7M

ENVESTNET ASSET MANAGEMENT INC

—

48K

52K

710K

632K

886K

$6M

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

—

47K

761K

802K

$5M

Invesco Ltd.

532K

615K

560K

540K

717K

793K

$5M

CSS LLC/IL

273K

223K

134K

115K

739K

708K

$5M

MORGAN STANLEY

728K

738K

734K

731K

684K

642K

$4M

UBS Group AG

64K

16K

51K

55K

424K

476K

$3M

LPL Financial LLC

163K

376K

407K

415K

418K

475K

$3M

Quarry LP

276K

240K

265K

109K

289K

459K

$3M

FLAX POND CAPITAL, LLC

—

396K

406K

$3M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	93	21,306,759	—	$144M
2025-Q4	102	20,211,495

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

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13F

Institutional ownership· 13F filers holding BRW · 2026-Q1 methodology → sources →

93 holders

% of shares outstanding held

—

Shares held (13F)

21,306,759

Reporting holders

Active share of register96.1%90 active filers

Index / screened out3.9%3 filers

Reporting holders932026-Q1

Top-10 concentration67.1%

HHI0.0607

Effective holders16.5

Crowding percentile—

Crowding percentile withheld — no market cap for BRW in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.

Top holders

largest 93 of 93 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	Focus Partners Wealth	2,960,5443.0M	$20M	—	—
2	TORONTO DOMINION BANK	2,278,2402.3M	$15M	—	NEW
3	RIVERNORTH CAPITAL MANAGEMENT, LLC	2,003,6062.0M	$14M	—	—
4	Penserra Capital Management LLC	1,454,8411.5M	$10M	—	ADD 13%
5	Thomas J. Herzfeld Advisors, Inc.	1,417,1891.4M	$10M	—	TRIM -23%
6	ABSOLUTE INVESTMENT ADVISERS, LLC	995,965995,965	$7M	—	ADD 36%
7	ENVESTNET ASSET MANAGEMENT INC	885,794885,794	$6M	—	ADD 40%
8	BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC	802,010802,010	$5M	—	ADD 5%
9	Invesco Ltd.	792,899792,899	$5M	—	ADD 11%
10	CSS LLC/IL	708,242708,242	$5M	—	TRIM -4%
11	MORGAN STANLEY	642,177642,177	$4M	—	TRIM -6%
12	UBS Group AG	475,890475,890	$3M	—	ADD 12%
13	LPL Financial LLC	475,359475,359	$3M	—	ADD 14%
14	Quarry LP	458,877458,877	$3M	—	ADD 59%
15	FLAX POND CAPITAL, LLC	405,786405,786	$3M	—	ADD 3%
16	Advisors Asset Management, Inc.	298,824298,824	$2M	—	—
17	Ethos Financial Group, LLC	266,401266,401	$2M	—	—
18	Adalta Capital Management LLC	240,672240,672	$2M	—	ADD 7%
19	SCOTIA CAPITAL INC.	217,374217,374	$1M	—	—
20	Modern Wealth Management, LLC	201,277201,277	$1M	—	ADD 12%
21	OSAIC HOLDINGS, INC.	198,986198,986	$1M	—	ADD 17%
22	Baird Financial Group, Inc.	184,113184,113	$1M	—	—
23	PARK AVENUE SECURITIES LLC	178,692178,692	$1M	—	ADD 6%
24	SVRN Asset Management, LLC	178,495178,495	$1M	—	—
25	Marks Group Wealth Management, Inc	172,790172,790	$1M	—	TRIM -7%
26	LANDSCAPE CAPITAL MANAGEMENT, L.L.C.	158,763158,763	$1M	—	ADD 79%
27	Logan Stone Capital, LLC	153,367153,367	$1M	—	TRIM -13%
28	Chicago Partners Investment Group LLC	129,110129,110	$885,698	—	TRIM -5%
29	Yakira Capital Management, Inc.	127,896127,896	$862,019	—	—
30	RAYMOND JAMES FINANCIAL INC	113,141113,141	$762,570	—	ADD 9%
31	RPO LLC	94,56794,567	$637,382	—	NEW
32	North Ground Capital	94,43294,432	$636,472	—	TRIM -42%
33	CHOREO, LLC	94,18194,181	$634,780	—	TRIM -31%
34	Next Capital Management LLC	88,92788,927	$599,368	—	—
35	PEAK FINANCIAL ADVISORS LLC	87,93887,938	$592,705	—	ADD 4%
36	COHEN & STEERS, INC.	80,00080,000	$539,000	—	TRIM -27%
37	IHT Wealth Management, LLC	75,99375,993	$512,196	—	ADD 37%
38	BANK OF AMERICA CORP /DE/	71,41471,414	$481,328	—	TRIM -26%
39	Matisse Capital	65,33365,333	$440,345	—	—
40	TrueMark Investments, LLC	55,89255,892	$376,712	—	ADD 5%
41	Gridiron Partners, LLC	54,85254,852	$369,702	—	ADD 134%
42	WEDBUSH SECURITIES INC	52,32452,324	$353,000	—	TRIM -3%
43	SeaCrest Wealth Management, LLC	47,03347,033	$317,002	—	—
44	XTX Topco Ltd	44,83144,831	$302,161	—	NEW
45	INTEGRATED CAPITAL MANAGEMENT, INC.	44,64844,648	$300,926	—	ADD 13%
46	READYSTATE ASSET MANAGEMENT LP	44,26444,264	$298,339	—	TRIM -40%
47	PNC FINANCIAL SERVICES GROUP, INC.	44,07244,072	$297,047	—	ADD 28%
48	Cetera Investment Advisers	42,00642,006	$283,120	—	TRIM -2%
49	FLAGSHIP HARBOR ADVISORS, LLC	40,80640,806	$275,027	—	TRIM -2%
50	COMMONWEALTH EQUITY SERVICES, LLC	37,58537,585	$253,323	—	ADD 24%
51	STIFEL FINANCIAL CORP	31,96031,960	$215,410	—	—
52	HighTower Advisors, LLC	30,39330,393	$204,850	—	TRIM -9%
53	Marex Group plc	30,00030,000	$202,200	—	NEW
54	Noble Wealth Management PBC	28,20828,208	$190,125	—	TRIM -81%
55	Alpine Global Management, LLC	27,02127,021	$182,122	—	NEW
56	Tactive Advisors, LLC	18,68518,685	$125,937	—	TRIM -17%
57	M&T Bank Corp	18,00018,000	$121,320	—	—
58	DECISION INVESTMENTS, INC	17,80017,800	$119,972	—	ADD 13%
59	Apollon Wealth Management, LLC	16,03916,039	$108,105	—	TRIM -10%
60	CAPTRUST FINANCIAL ADVISORS	15,76715,767	$106,267	—	ADD 4%
61	CITADEL ADVISORS LLC	14,87114,871	$100,231	—	TRIM -37%
62	FIFTH THIRD BANCORP	14,52314,523	$97,885	—	NEW
63	GAMCO INVESTORS, INC. ET AL	14,00014,000	$94,360	—	—
64	EVOLVE PRIVATE WEALTH, LLC	13,99113,991	$94,299	—	NEW
65	SUSQUEHANNA INTERNATIONAL GROUP, LLP	13,86013,860	$93,416	—	—
66	MML INVESTORS SERVICES, LLC	12,47212,472	$84,062	—	TRIM -19%
67	MANCHESTER FINANCIAL INC	12,31512,315	$83,007	—	ADD 3%
68	Lido Advisors, LLC	11,59011,590	$78,117	—	NEW
69	Grove Street Fiduciary, LLC	11,53211,532	$77,726	—	—
70	Corient Private Wealth LLC	11,33911,339	$76,423	—	TRIM -67%
71	Creative Planning	10,80710,807	$72,842	—	NEW
72	Perennial Advisors, LLC	10,78710,787	$72,704	—	ADD 4%
73	PFG Investments, LLC	10,37510,375	$69,928	—	NEW
74	Parallel Advisors, LLC	8,5568,556	$57,671	—	ADD 25%
75	WELLS FARGO & COMPANY/MN	7,7517,751	$52,239	—	ADD 775000%
76	ROYAL BANK OF CANADA	7,0577,057	$48,000	—	TRIM -54%
77	MAI Capital Management	4,5434,543	$30,620	—	—
78	Rockefeller Capital Management L.P.	4,1224,122	$27,785	—	ADD 89%
79	WINMILL & CO. INC	3,7003,700	$24,938	—	—
80	NewEdge Advisors, LLC	22,05222,052	$22,052	—	TRIM -90%
81	Clearstead Advisors, LLC	3,0003,000	$20,220	—	—
82	GILL CAPITAL PARTNERS, LLC	2,3762,376	$16,014	—	NEW
83	Capital Advisors, Ltd. LLC	1,6221,622	$11,000	—	—
84	CONSULTIVA WEALTH MANAGEMENT, CORP.	1,3501,350	$9,099	—	—
85	CWM, LLC	1,1761,176	$7,926	—	—
86	FINANCIAL CONSULATE, INC	1,0001,000	$6,740	—	—
87	Axiom Investment Management LLC	797797	$5,372	—	NEW
88	Farther Finance Advisors, LLC	600600	$4,032	—	—
89	Steward Partners Investment Advisory, LLC	533533	$3,592	—	—
90	ESL Trust Services, LLC	501501	$3,377	—	—
91	Kentucky Trust Co	500500	$3,370	—	—
92	BELLEVUE ASSET MANAGEMENT, LLC	420420	$2,830	—	—
93	HIGHLINE WEALTH PARTNERS LLC	350350	$2,359	—	—

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Buyers & sellers2026-Q1 vs 2025-Q4 · 45 bought / 50 sold · net +1,095,264 shares · 4.9d of ADV

Bought45 filers

Shares: 3,882,650
Value: $26M
Opened: 12 · 2,539,118 sh
Days of ADV: 17.5d

Sold50 filers

Shares: 2,787,386
Value: $19M
Closed: 21 · 1,618,966 sh
Days of ADV: 12.6d

Net (all filers) +1,095,264 sh · $7M · 5.4% of the prior register

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

Focus Partners Wealth

—

3.0M

$20M

TORONTO DOMINION BANK

—

2.3M

$15M

RIVERNORTH CAPITAL MANAGEMENT, LLC

2.8M

2.4M

1.9M

381K

2.0M

$14M

Penserra Capital Management LLC

1.3M

—

1.2M

1.3M

1.5M

$10M

Thomas J. Herzfeld Advisors, Inc.

—

446K

1.2M

1.8M

1.4M

$10M

ABSOLUTE INVESTMENT ADVISERS, LLC

703K

614K

685K

33K

732K

996K

$7M

ENVESTNET ASSET MANAGEMENT INC

—

48K

52K

710K

632K

886K

$6M

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

—

47K

761K

802K

$5M

Invesco Ltd.

532K

615K

560K

540K

717K

793K

$5M

CSS LLC/IL

273K

223K

134K

115K

739K

708K

$5M

MORGAN STANLEY

728K

738K

734K

731K

684K

642K

$4M

UBS Group AG

64K

16K

51K

55K

424K

476K

$3M

LPL Financial LLC

163K

376K

407K

415K

418K

475K

$3M

Quarry LP

276K

240K

265K

109K

289K

459K

$3M

FLAX POND CAPITAL, LLC

—

396K

406K

$3M

Institutional footprint by quarter

Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	93	21,306,759	—	$144M
2025-Q4	102	20,211,495

Short interest has its own tab now — open SI →

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13F

BRW☆

Institutional ownership· 13F filers holding BRW · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

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Institutional ownership· 13F filers holding BRW · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

▸Register gapwho owns your peers and not you

BRW