We are live on ! Find out more
CEFS icon

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
CFG
51
Certior Financial Group
Pennsylvania
$420K +$96.3K +4,232 +30%
AA
52
Armis Advisers
Georgia
$418K +$55.9K +2,456 +15%
Stifel Financial
53
Stifel Financial
Missouri
$386K +$10K +441 +3%
PAG
54
Private Advisor Group
New Jersey
$358K +$48.4K +2,126 +16%
Millennium Management
55
Millennium Management
New York
$357K +$353K +15,511 New
GIA
56
Gladstone Institutional Advisory
Florida
$322K -$1.3K -57 -0.4%
TW
57
Towerpoint Wealth
California
$315K – – –
NG
58
Novem Group
New York
$281K +$56.9K +2,500 +26%
Mariner
59
Mariner
Kansas
$277K +$273K +12,016 New
BWM
60
Braeburn Wealth Management
Michigan
$269K +$266K +11,675 New
HH
61
Hilltop Holdings
Texas
$255K – – –
CEFA
62
Closed-End Fund Advisors
Virginia
$241K +$238K +10,441 New
TSW
63
Thompson Siegel & Walmsley
Virginia
$230K – – –
CA
64
Calton & Associates
Florida
$220K +$2.8K +123 +1%
EMAM
65
Encompass More Asset Management
California
$216K +$214K +9,390 New
ACM
66
Anfield Capital Management
California
$171K +$41.1K +1,806 +32%
NS
67
NBC Securities
Alabama
$148K +$18.7K +821 +15%
Morgan Stanley
68
Morgan Stanley
New York
$103K – – –
WETS
69
Wealth Enhancement Trust Services
South Dakota
$78.9K +$78K +3,426 New
AF
70
Allworth Financial
California
$73.7K – – –
BCM
71
Boreal Capital Management
Florida
$70.8K – – –
Rockefeller Capital Management
72
Rockefeller Capital Management
New York
$52.5K +$933 +41 +2%
SPIA
73
Steward Partners Investment Advisory
New York
$44.7K -$19.7K -866 -31%
SWM
74
SHP Wealth Management
Massachusetts
$42.9K +$42.4K +1,864 New
BSB
75
Bangor Savings Bank
Maine
$17.8K – – –
1 2
3
4

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.