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Saba Closed-End Funds ETF
CEFS

61 hedge funds and large institutions have $69M invested in Saba Closed-End Funds ETF in 2024 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

47% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 17

12% more capital invested

Capital invested by funds: $61.8M → $69M (+$7.13M)

2% more funds holding

Funds holding: 60 → 61 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.06% less ownership

Funds ownership: 33.44% → 32.38% (-1.1%)

Holders
61
Holders Change
+1
Holders Change %
+1.67%
% of All Funds
0.88%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
9
Increased
25
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$4.26M
2
FIA
Foundations Investment Advisors
Arizona
+$3.95M
3
FM
Family Management
New York
+$868K
4
NWM
Napa Wealth Management
California
+$663K
5
PCP
Proficio Capital Partners
Massachusetts
+$506K

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.49M
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$930K
3
PI
PFG Investments
New York
-$886K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$872K
5
CPRC
Consolidated Portfolio Review Corp
New York
-$604K
Name Holding Trade Value Shares
Change 		Change in
Stake
PS
26
Principal Securities
Iowa
$577K +$51.2K +2,502 +10%
ACM
27
Adalta Capital Management
New York
$556K – – –
Citadel Advisors
28
Citadel Advisors
Florida
$525K +$293K +14,288 +138%
AWA
29
Amplius Wealth Advisors
Pennsylvania
$522K +$922 +45 +0.2%
CSPIA
30
Cary Street Partners Investment Advisory
Virginia
$497K +$479K +23,367 New
GC
31
Grimes & Company
Massachusetts
$442K +$425K +20,742 New
CL
32
CSS LLC
Illinois
$439K – – –
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$434K +$71.2K +3,474 +21%
GIA
34
Gladstone Institutional Advisory
Florida
$424K -$78.4K -3,827 -16%
CWM
35
Circle Wealth Management
New Jersey
$420K – – –
NA
36
NewEdge Advisors
Louisiana
$402K +$62.4K +3,047 +19%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$401K +$41.6K +2,029 +12%
TJHA
38
Thomas J. Herzfeld Advisors
Florida
$392K -$872K -42,597 -70%
HighTower Advisors
39
HighTower Advisors
Illinois
$382K +$7.78K +380 +2%
XF
40
XML Financial
Maryland
$381K +$37.7K +1,842 +11%
CPRC
41
Consolidated Portfolio Review Corp
New York
$315K -$604K -29,486 -67%
JWCA
42
J.W. Cole Advisors
Florida
$300K +$85.8K +4,191 +42%
TW
43
Towerpoint Wealth
California
$291K +$280K +13,690 New
AWS
44
Atria Wealth Solutions
New York
$290K -$154K -7,498 -35%
Commonwealth Equity Services
45
Commonwealth Equity Services
Massachusetts
$270K +$881 +43 +0.3%
TSW
46
Thompson Siegel & Walmsley
Virginia
$213K – – –
Morgan Stanley
47
Morgan Stanley
New York
$154K – – –
ACM
48
Anfield Capital Management
California
$64.3K +$61.9K +3,021 New
SPIA
49
Steward Partners Investment Advisory
New York
$59.8K – – –
HCP
50
Hexagon Capital Partners
Arkansas
$51.1K – – –
1
2
3

CEFS Hedge Fund Activity: Q2 2024 in Review

61 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Saba Closed-End Funds ETF (CEFS) for Q2 2024, worth a combined $69M — up 12% from $61.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new CEFS positions and 6 closed out — a net gain of 3 holders — while 25 added to existing stakes and 17 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.26M. The largest seller was Envestnet Asset Management, cutting an estimated $1.49M.

  • 61 institutional investors held Saba Closed-End Funds ETF (CEFS) as of Q2 2024, up from 60 in Q1 2024.
  • Funds reported $69M of Saba Closed-End Funds ETF stock for Q2 2024, up 12% quarter-over-quarter.
  • 9 funds opened new Saba Closed-End Funds ETF positions in Q2 2024 and 6 closed out, a net change of +3 holders.
  • The largest Saba Closed-End Funds ETF buyer in Q2 2024 was Rivernorth Capital Management, an estimated $4.26M added.
  • The largest Saba Closed-End Funds ETF seller in Q2 2024 was Envestnet Asset Management, an estimated $1.49M sold.

Based on aggregated 13F filings for Q2 2024.