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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

Rank Fund Capital Flow
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

Rank Fund Capital Flow
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
HBW
76
Hazlett, Burt & Watson
West Virginia
$17K +$16.8K +736 New
AssetMark Inc
77
AssetMark Inc
California
$16.2K – – –
JWCA
78
J.W. Cole Advisors
Florida
$12.9K +$129K +5,672 +27%
CSPIA
79
Cary Street Partners Investment Advisory
Virginia
$10.6K – – –
HWM
80
Horizons Wealth Management
North Carolina
$9.98K +$9.86K +433 New
AWM
81
AE Wealth Management
Kansas
$8.76K +$3.41K +150 +65%
WC
82
Winmill & Co
New York
$2.3K – – –
UBS Group
83
UBS Group
Switzerland
$92 – – –
Wells Fargo
84
Wells Fargo
California
$19 – – –
SG
85
StoneX Group
New York
– -$523K -22,965 Closed
Citadel Advisors
86
Citadel Advisors
Florida
– -$301K -13,241 Closed
Janney Montgomery Scott
87
Janney Montgomery Scott
Pennsylvania
– -$223K -9,805 Closed
FFWM
88
Future Financial Wealth Management
Ohio
– -$75.1K -3,300 Closed
HI
89
Harbour Investments
Wisconsin
– -$34.2K -1,500 Closed
WANY
90
Wealthspire Advisors (New York)
New York
– -$1.89K -83 Closed
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.