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Saba Closed-End Funds ETF
CEFS

60 hedge funds and large institutions have $61.8M invested in Saba Closed-End Funds ETF in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 3

100% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 14

14% more capital invested

Capital invested by funds: $54.1M → $61.8M (+$7.74M)

13% more funds holding

Funds holding: 53 → 60 (+7)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.9% less ownership

Funds ownership: 34.35% → 33.44% (-0.9%)

Holders
60
Holders Change
+7
Holders Change %
+13.21%
% of All Funds
0.86%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
10
Increased
28
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CA
Cetera Advisors
Colorado
+$1.3M
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$954K
3
LPL Financial
LPL Financial
California
+$925K
4
PI
PFG Investments
New York
+$838K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$737K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$1.92M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.85M
3
Osaic Holdings
Osaic Holdings
Arizona
-$1.44M
4
TI
Tidal Investments
Wisconsin
-$341K
5
OC
Oppenheimer & Co
New York
-$144K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wealth Enhancement Advisory Services
26
Wealth Enhancement Advisory Services
Minnesota
$731K +$161K +8,243 +30%
CAN
27
Cetera Advisor Networks
California
$644K +$128K +6,533 +27%
KAS
28
Kestra Advisory Services
Texas
$586K -$10.4K -532 -2%
ACM
29
Adalta Capital Management
New York
$540K +$9.78K +500 +2%
PS
30
Principal Securities
Iowa
$509K +$20.3K +1,039 +4%
AWA
31
Amplius Wealth Advisors
Pennsylvania
$506K +$10K +512 +2%
GIA
32
Gladstone Institutional Advisory
Florida
$491K -$137K -7,002 -23%
AWS
33
Atria Wealth Solutions
New York
$437K -$48.9K -2,500 -11%
CL
34
CSS LLC
Illinois
$426K – – –
CWM
35
Circle Wealth Management
New Jersey
$408K – – –
HighTower Advisors
36
HighTower Advisors
Illinois
$364K -$587 -30 -0.2%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$349K +$93.8K +4,797 +40%
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$347K -$90.4K -4,622 -22%
XF
39
XML Financial
Maryland
$332K +$77.8K +3,980 +33%
NA
40
NewEdge Advisors
Louisiana
$327K -$16.5K -842 -5%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$261K +$27.1K +1,386 +12%
GM
42
GeoWealth Management
Illinois
$222K +$210K +10,749 New
Citadel Advisors
43
Citadel Advisors
Florida
$215K +$203K +10,380 New
TSW
44
Thompson Siegel & Walmsley
Virginia
$207K – – –
Verition Fund Management
45
Verition Fund Management
Connecticut
$207K +$196K +10,000 New
JWCA
46
J.W. Cole Advisors
Florida
$204K +$193K +9,890 New
Morgan Stanley
47
Morgan Stanley
New York
$149K -$1.92M -97,974 -93%
SPIA
48
Steward Partners Investment Advisory
New York
$58K – – –
FFO
49
Fortitude Family Office
Arizona
$51.6K -$11.8K -601 -19%
HCP
50
Hexagon Capital Partners
Arkansas
$49.6K – – –
1
2
3

CEFS Hedge Fund Activity: Q1 2024 in Review

60 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Saba Closed-End Funds ETF (CEFS) for Q1 2024, worth a combined $61.8M — up 14% from $54.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new CEFS positions and 3 closed out — a net gain of 7 holders — while 28 added to existing stakes and 14 trimmed.

The largest buyer was Cetera Advisors, opening a new position worth an estimated $1.3M. The largest seller was Morgan Stanley, cutting an estimated $1.92M.

  • 60 institutional investors held Saba Closed-End Funds ETF (CEFS) as of Q1 2024, up from 53 in Q4 2023.
  • Funds reported $61.8M of Saba Closed-End Funds ETF stock for Q1 2024, up 14% quarter-over-quarter.
  • 10 funds opened new Saba Closed-End Funds ETF positions in Q1 2024 and 3 closed out, a net change of +7 holders.
  • The largest Saba Closed-End Funds ETF buyer in Q1 2024 was Cetera Advisors, an estimated $1.3M added.
  • The largest Saba Closed-End Funds ETF seller in Q1 2024 was Morgan Stanley, an estimated $1.92M sold.

Based on aggregated 13F filings for Q1 2024.