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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
NS
51
NBC Securities
Alabama
$32K +$489 +25 +2%
HI
52
Harbour Investments
Wisconsin
$31K – – –
JP Morgan Chase
53
JP Morgan Chase
New York
$26.1K +$24.7K +1,263 New
CIBC Private Wealth Group
54
CIBC Private Wealth Group
Georgia
$20.5K +$19.6K +1,000 New
FHA
55
First Horizon Advisors
Tennessee
$18.2K +$6.1K +312 +55%
PNC Financial Services Group
56
PNC Financial Services Group
Pennsylvania
$6.2K +$5.87K +300 New
MSG
57
Main Street Group
Virginia
$6.15K – – –
RFA
58
Register Financial Advisors
Georgia
$5.37K +$5.08K +260 New
UBS Group
59
UBS Group
Switzerland
$806 +$685 +35 +875%
Wells Fargo
60
Wells Fargo
California
$32 +$20 +1 +100%
ASN
61
Advisory Services Network
Georgia
– -$117K -6,156 Closed
Comerica Bank
62
Comerica Bank
Texas
– -$41.3K -2,177 Closed
GWM
63
Geneos Wealth Management
Colorado
– -$740 -39 Closed
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.