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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.26M |
| 2 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$3.95M |
| 3 |
FM
Family Management
New York
|
+$868K |
| 4 |
NWM
Napa Wealth Management
Napa,
California
|
+$663K |
| 5 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$506K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.49M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$930K |
| 3 |
PI
PFG Investments
Woodbury,
New York
|
-$886K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$872K |
| 5 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$604K |
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.