Saba Closed-End Funds ETF
CEFS
53 hedge funds and large institutions have $54.1M invested in Saba Closed-End Funds ETF in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 3 closing their positions.
367% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 3
130% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 10
46% more capital invested
Capital invested by funds: $37M → $54.1M (+$17M)
26% more funds holding
Funds holding: 42 → 53 (+11)
4.07% more ownership
Funds ownership: 30.27% → 34.35% (+4.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FWM
Fortress Wealth Management
Culver City,
California
|
+$5.51M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.95M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.52M |
| 4 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$1.1M |
| 5 |
Morgan Stanley
New York
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.4M |
| 2 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
-$459K |
| 3 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$253K |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$156K |
| 5 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$150K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
51
Geneos Wealth Management
Englewood,
Colorado
| $740 | +$700 | +39 | New |
|
52
UBS Group
Zurich,
Switzerland
| $76 | -$6.5K | -362 | -99% |
|
53
Wells Fargo
San Francisco,
California
| $16 | – | – | – |
|
|
CAM
54
Cresset Asset Management
Chicago,
Illinois
| – | -$459K | -26,205 | Closed |
|
|
RFA
55
Register Financial Advisors
Atlanta,
Georgia
| – | -$4.55K | -260 | Closed |
|
56
Fidelity Investments
Boston,
Massachusetts
| – | -$18 | -1 | Closed |
|
CEFS Hedge Fund Activity: Q4 2023 in Review
53 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Saba Closed-End Funds ETF (CEFS) for Q4 2023, worth a combined $54.1M — up 46% from $37M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new CEFS positions and 3 closed out — a net gain of 11 holders — while 23 added to existing stakes and 10 trimmed.
The largest buyer was Fortress Wealth Management, opening a new position worth an estimated $5.51M. The largest seller was Osaic Holdings, cutting an estimated $2.4M.
- 53 institutional investors held Saba Closed-End Funds ETF (CEFS) as of Q4 2023, up from 42 in Q3 2023.
- Funds reported $54.1M of Saba Closed-End Funds ETF stock for Q4 2023, up 46% quarter-over-quarter.
- 14 funds opened new Saba Closed-End Funds ETF positions in Q4 2023 and 3 closed out, a net change of +11 holders.
- The largest Saba Closed-End Funds ETF buyer in Q4 2023 was Fortress Wealth Management, an estimated $5.51M added.
- The largest Saba Closed-End Funds ETF seller in Q4 2023 was Osaic Holdings, an estimated $2.4M sold.
Based on aggregated 13F filings for Q4 2023.