New Positions
18 managers initiated
Top five by reported value
Saba Capital Income & Opportunities Fund NEW YORK STOCK EXCHANGE, INC.:BRW
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
18 new19 added47 reduced5 exited
Total Institutional Holders
84
as of 2025-12-31
Top Holder
RIVERNORTH CAPITAL MANAGEMENT, LLC
$23.0M
Largest QoQ Increase
Focus Partners Wealth
+1,020,851 sh
Largest QoQ Decrease
Kovitz Investment Group Partners, LLC
-1,018,968 sh
New Positions(18)
Added To(19)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 267,589 | +69,026 | $2.2M | +$396.7K | 34.8% |
| Hara Capital LLC | 124,911 | +47,836 | $1.0M | +$327.6K | 62.1% |
| SCOTIA CAPITAL INC. | 437,492 | +8,609 | $3.6M | -$302.1K | 2.0% |
| Invesco Ltd. | 418,725 | +15,204 | $3.5M | -$225.6K | 3.8% |
| Advisors Asset Management, Inc. | 261,272 | +1,857 | $2.2M | -$210.4K | 0.7% |
| SEVEN MILE ADVISORY | 244,179 | +547 | $2.0M | -$207.4K | 0.2% |
| TrueMark Investments, LLC | 213,261 | +5,247 | $1.8M | -$137.7K | 2.5% |
| Fiera Capital Corp | 335,657 | +19,655 | $2.8M | -$112.8K | 6.2% |
| Comprehensive Money Management Services LLC | 114,923 | +5,715 | $948.1K | -$47.9K | 5.2% |
| Catalina Capital Group, LLC | 47,012 | +101 | $387.8K | -$40.0K | 0.2% |
| Farther Finance Advisors, LLC | 12,035 | +3,750 | $99.3K | +$23.7K | 45.3% |
| RAYMOND JAMES FINANCIAL INC | 87,460 | +6,229 | $721.5K | -$19.3K | 7.7% |
| Baird Financial Group, Inc. | 101,818 | +7,866 | $840.0K | -$16.8K | 8.4% |
| UHLMANN PRICE SECURITIES, LLC | 14,208 | +282 | $117.2K | -$9.8K | 2.0% |
| BANK OF AMERICA CORP /DE/ | 3,189 | +1,259 | $26.3K | +$8.7K | 65.2% |
| Gilman Hill Asset Management, LLC | 17,500 | +2,500 | $144.4K | +$7.6K | 16.7% |
| LPL Financial LLC | 34,619 | +3,711 | $285.6K | +$3.7K | 12.0% |
| North Star Investment Management Corp. | 3,542 | +37 | $29.2K | -$2.7K | 1.1% |
| Glen Eagle Advisors, LLC | 49 | +1 | $403 | -$33 | 2.1% |
Reduced(47)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Saba Capital Management, L.P. | 2,190,968 | -438,834 | $18.1M | -$5.9M | -16.7% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 2,791,049 | -180,481 | $23.0M | -$4.1M | -6.1% |
| Thomas J. Herzfeld Advisors, Inc. | 1,590,092 | -197,354 | $13.1M | -$3.2M | -11.0% |
| WELLS FARGO & COMPANY/MN | 663,684 | -80,295 | $5.5M | -$1.3M | -10.8% |
| MORGAN STANLEY | 304,748 | -90,587 | $2.5M | -$1.1M | -22.9% |
| ENVESTNET ASSET MANAGEMENT INC | 927,440 | -28,070 | $7.7M | -$1.1M | -2.9% |
| Shaker Financial Services, LLC | 439,104 | -9,000 | $3.6M | -$464.1K | -2.0% |
| CHOREO, LLC | 126,366 | -9,948 | $1.1M | -$184.2K | -7.3% |
| ADVISOR GROUP HOLDINGS, INC. | 23,118 | -13,645 | $190.7K | -$145.5K | -37.1% |
| CSS LLC/IL | 125,609 | -1,990 | $1.0M | -$127.4K | -1.6% |
| Mutual Advisors, LLC | 115,115 | -5,620 | $949.7K | -$110.4K | -4.7% |
| Private Advisor Group, LLC | 79,448 | -2,800 | $655.4K | -$94.7K | -3.4% |
| Harbour Capital Advisors, LLC | 18,000 | -7,117 | $149.4K | -$79.2K | -28.3% |
| Independent Advisor Alliance | 18,725 | -6,500 | $154.5K | -$75.6K | -25.8% |
| Royal Bank of Canada | 6,953 | -6,900 | $57.0K | -$66.0K | -49.8% |
| Rock Point Advisors, LLC | 12,088 | -4,750 | $99.7K | -$53.8K | -28.2% |
| Gridiron Partners, LLC | 56,708 | -337,974 | $467.8K | -$49.3K | -85.6% |
| HighTower Advisors, LLC | 19,135 | -3,324 | $157.9K | -$47.0K | -14.8% |
| UBS Group AG | 10,182 | -3,548 | $84.0K | -$41.2K | -25.8% |
| Visionary Horizons, LLC | 45,776 | 0 | $377.7K | -$39.8K | 0.0% |
| HARBOUR INVESTMENTS, INC. | 6,713 | -2,475 | $55.4K | -$28.4K | -26.9% |
| EVERGREEN CAPITAL MANAGEMENT LLC | 30,418 | 0 | $250.9K | -$26.5K | 0.0% |
| K2 PRINCIPAL FUND, L.P. | 22,700 | -300 | $187.3K | -$22.5K | -1.3% |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | 20,212 | -398 | $166.7K | -$21.2K | -1.9% |
| MELFA WEALTH MANAGEMENT, LLC | 16,875 | 0 | $139.2K | -$14.7K | 0.0% |
| PATRON PARTNERS, LLC | 16,490 | 0 | $136.0K | -$14.3K | 0.0% |
| Steward Partners Investment Advisory, LLC | 14,251 | 0 | $117.6K | -$12.4K | 0.0% |
| Clear Creek Financial Management, LLC | 13,025 | 0 | $107.5K | -$11.3K | 0.0% |
| HB Wealth Management, LLC | 12,500 | 0 | $103.1K | -$10.9K | 0.0% |
| Joel Isaacson & Co., LLC | 11,500 | 0 | $94.9K | -$10.0K | 0.0% |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 13,346 | -19 | $111.7K | -$9.9K | -0.1% |
| Abel Hall, LLC | 10,000 | 0 | $82.5K | -$8.7K | 0.0% |
| Clearstead Advisors, LLC | 4,917 | -125 | $40.6K | -$5.4K | -2.5% |
| JNBA Financial Advisors | 3,487 | 0 | $28.8K | -$3.0K | 0.0% |
| Rockefeller Capital Management L.P. | 1,894 | -12 | $15.6K | -$1.8K | -0.6% |
| Investors Research Corp | 1,335 | 0 | $11.0K | -$1.2K | 0.0% |
| WPG Advisers, LLC | 122 | -112 | $1.0K | -$1.1K | -47.9% |
| Fortitude Family Office, LLC | 1,000 | 0 | $8.3K | -$870 | 0.0% |
| Sound Income Strategies, LLC | 500 | 0 | $4.2K | -$370 | 0.0% |
| SOA Wealth Advisors, LLC. | 325 | 0 | $2.7K | -$283 | 0.0% |
| Gould Capital, LLC | 300 | 0 | $2.5K | -$261 | 0.0% |
| Atlantic Union Bankshares Corp | 300 | 0 | $2.5K | -$261 | 0.0% |
| Avion Wealth | 28,905 | -8,186 | $238 | -$100 | -22.1% |
| SIGNATUREFD, LLC | 65 | 0 | $536 | -$57 | 0.0% |
| CoreCap Advisors, LLC | 50 | 0 | $413 | -$43 | 0.0% |
| WINMILL & CO. INC | 17 | 0 | $140 | -$15 | 0.0% |
| CWM, LLC | 110 | 0 | $1 | $0 | 0.0% |
Sold Out(5)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Kovitz Investment Group Partners, LLC | 0 | -1,018,968 | $0 | -$9.3M | — |
| TORONTO DOMINION BANK | 0 | -207,248 | $0 | -$1.9M | — |
| Quarry LP | 0 | -5,393 | $0 | -$49.2K | — |
| Future Financial Wealth Managment LLC | 0 | -1,400 | $0 | -$12.8K | — |
| PNC Financial Services Group, Inc. | 0 | -325 | $0 | -$3.0K | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 2,791,049 | $23.0M | -180,481 | -6.1% |
| Saba Capital Management, L.P. | 2,190,968 | $18.1M | -438,834 | -16.7% |
| Thomas J. Herzfeld Advisors, Inc. | 1,590,092 | $13.1M | -197,354 | -11.0% |
| Focus Partners Wealth | 1,020,851 | $8.4M | +1,020,851 | — |
| ENVESTNET ASSET MANAGEMENT INC | 927,440 | $7.7M | -28,070 | -2.9% |
| WELLS FARGO & COMPANY/MN | 663,684 | $5.5M | -80,295 | -10.8% |
| Shaker Financial Services, LLC | 439,104 | $3.6M | -9,000 | -2.0% |
| SCOTIA CAPITAL INC. | 437,492 | $3.6M | +8,609 | 2.0% |
| Invesco Ltd. | 418,725 | $3.5M | +15,204 | 3.8% |
| Fiera Capital Corp | 335,657 | $2.8M | +19,655 | 6.2% |
| MORGAN STANLEY | 304,748 | $2.5M | -90,587 | -22.9% |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 267,589 | $2.2M | +69,026 | 34.8% |
| Advisors Asset Management, Inc. | 261,272 | $2.2M | +1,857 | 0.7% |
| SEVEN MILE ADVISORY | 244,179 | $2.0M | +547 | 0.2% |
| TrueMark Investments, LLC | 213,261 | $1.8M | +5,247 | 2.5% |
| Closed-End Fund Advisors, Inc. | 186,283 | $1.5M | +186,283 | — |
| QUANTIFY CHAOS ADVISORS, LLC | 176,134 | $1.5M | +176,134 | — |
| CHOREO, LLC | 126,366 | $1.1M | -9,948 | -7.3% |
| CSS LLC/IL | 125,609 | $1.0M | -1,990 | -1.6% |
| Hara Capital LLC | 124,911 | $1.0M | +47,836 | 62.1% |
New & Closed Positions this quarter
Closed Positions
5 managers exited
Top five by prior-quarter value
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for BRW against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.