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Saba Closed-End Funds ETF
CEFS

84 hedge funds and large institutions have $131M invested in Saba Closed-End Funds ETF in 2025 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 38 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

192% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 13

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

17% more capital invested

Capital invested by funds: $112M → $131M (+$19.1M)

12% more funds holding

Funds holding: 75 → 84 (+9)

2.96% more ownership

Funds ownership: 33.29% → 36.25% (+3%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
84
Holders Change
+9
Holders Change %
+12%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
38
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FFA
Farther Finance Advisors
California
+$7.12M
2
AWA
Arete Wealth Advisors
Illinois
+$5.59M
3
CM
Columbus Macro
Pennsylvania
+$5.44M
4
AF
Advisornet Financial
Minnesota
+$1.86M
5
AFP
Ausdal Financial Partners
Iowa
+$1.21M

Top Sellers

1
FM
Family Management
New York
-$877K
2
LPL Financial
LPL Financial
California
-$812K
3
OC
Oppenheimer & Co
New York
-$769K
4
SG
StoneX Group
New York
-$523K
5
TJHA
Thomas J. Herzfeld Advisors
Florida
-$330K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$1.2M -$312K -13,695 -21%
TA
27
Tactive Advisors
Florida
$1.18M +$329K +14,450 +39%
SSWM
28
Sheets Smith Wealth Management
North Carolina
$1.12M +$71K +3,120 +7%
IWM
29
IHT Wealth Management
Illinois
$1.07M +$23.6K +1,038 +2%
CPIG
30
Chicago Partners Investment Group
Illinois
$1.05M -$124K -5,445 -11%
AWM
31
Avior Wealth Management
Nebraska
$1.04M +$72.8K +3,200 +8%
TCM
32
Triumph Capital Management
Colorado
$1.01M -$12K -529 -1%
NA
33
NewEdge Advisors
Louisiana
$915K +$160K +7,023 +21%
AFC
34
Ares Financial Consulting
California
$846K +$836K +36,740 New
PS
35
Principal Securities
Iowa
$824K +$5.14K +226 +0.6%
FM
36
Family Management
New York
$819K -$877K -38,549 -52%
NFSG
37
Newbridge Financial Services Group
Florida
$797K +$240K +10,545 +44%
FPCP
38
Fort Point Capital Partners
California
$760K +$746K +32,778 New
QCA
39
Quantify Chaos Advisors
New York
$714K +$705K +30,968 New
Ameriprise
40
Ameriprise
Minnesota
$686K +$678K +29,775 New
AWA
41
Amplius Wealth Advisors
Pennsylvania
$635K +$11.4K +502 +2%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$629K +$40.3K +1,769 +7%
CSP
43
Cary Street Partners
Virginia
$610K -$55.2K -2,425 -8%
ACM
44
Adalta Capital Management
New York
$602K – – –
AO
45
Advisor OS
Illinois
$572K +$34.9K +1,534 +7%
CL
46
CSS LLC
Illinois
$568K – – –
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$548K +$198K +8,716 +58%
TI
48
Tidal Investments
Wisconsin
$492K +$486K +21,370 New
UIM
49
Unified Investment Management
Georgia
$474K – – –
OPWM
50
Oregon Pacific Wealth Management
Oregon
$465K -$38.1K -1,676 -8%
1
2
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CEFS Hedge Fund Activity: Q4 2025 in Review

84 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Saba Closed-End Funds ETF (CEFS) for Q4 2025, worth a combined $131M — up 17% from $112M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new CEFS positions and 6 closed out — a net gain of 11 holders — while 38 added to existing stakes and 13 trimmed.

The largest buyer was Farther Finance Advisors, adding an estimated $7.12M. The largest seller was Family Management, cutting an estimated $877K.

  • 84 institutional investors held Saba Closed-End Funds ETF (CEFS) as of Q4 2025, up from 75 in Q3 2025.
  • Funds reported $131M of Saba Closed-End Funds ETF stock for Q4 2025, up 17% quarter-over-quarter.
  • 17 funds opened new Saba Closed-End Funds ETF positions in Q4 2025 and 6 closed out, a net change of +11 holders.
  • The largest Saba Closed-End Funds ETF buyer in Q4 2025 was Farther Finance Advisors, an estimated $7.12M added.
  • The largest Saba Closed-End Funds ETF seller in Q4 2025 was Family Management, an estimated $877K sold.

Based on aggregated 13F filings for Q4 2025.