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Saba Closed-End Funds ETF
CEFS

18 hedge funds and large institutions have $25.6M invested in Saba Closed-End Funds ETF in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

82% more capital invested

Capital invested by funds: $14M → $25.6M (+$11.5M)

50% more funds holding

Funds holding: 12 → 18 (+6)

7.6% more ownership

Funds ownership: 44.21% → 51.8% (+7.6%)

0% more repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 2

Holders
18
Holders Change
+6
Holders Change %
+50%
% of All Funds
0.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
2
Reduced
2
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
+$10.6M
2
WMSA
Weiss Multi-Strategy Advisers
New York
+$1.01M
3
ACM
Adalta Capital Management
New York
+$831K
4
VCM
Vivaldi Capital Management
Illinois
+$430K
5
SC
Scotia Capital
Ontario, Canada
+$265K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$775K
2
Citadel Advisors
Citadel Advisors
Florida
-$156K
3
CWM
Cornerstone Wealth Management
Missouri
-$34.6K
4
AG
Advisor Group
Arizona
-$11K
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
1
Deutsche Bank
Germany
$10.7M +$10.6M +525,800 New
Citigroup
2
Citigroup
New York
$8.12M – – –
TI
3
Tidal Investments
Wisconsin
$1.96M +$164K +8,100 +9%
SC
4
Scotia Capital
Ontario, Canada
$1.18M +$265K +13,116 +29%
WMSA
5
Weiss Multi-Strategy Advisers
New York
$1.01M +$1.01M +50,000 New
ACM
6
Adalta Capital Management
New York
$835K +$831K +41,100 New
Citadel Advisors
7
Citadel Advisors
Florida
$472K -$156K -7,711 -25%
VCM
8
Vivaldi Capital Management
Illinois
$431K +$430K +21,245 New
AW
9
ACG Wealth
Georgia
$255K – – –
FAAS
10
First Allied Advisory Services
California
$230K +$229K +11,328 New
CWM
11
Cornerstone Wealth Management
Missouri
$212K -$34.6K -1,709 -14%
CL
12
CSS LLC
Illinois
$105K +$104K +5,150 New
WEC
13
Winslow Evans & Crocker
Massachusetts
$18K – – –
UBS Group
14
UBS Group
Switzerland
$17K +$16.6K +819 New
LTFS
15
Ladenburg Thalmann Financial Services
Florida
$13K – – –
Bank of America
16
Bank of America
North Carolina
$12K +$12.1K +600 New
BCI
17
Brinker Capital Investments
Pennsylvania
$11K – – –
Northern Trust
18
Northern Trust
Illinois
$2K – – –
Jane Street
19
Jane Street
New York
– -$775K -39,133 Closed
AG
20
Advisor Group
Arizona
– -$11K -550 Closed

CEFS Hedge Fund Activity: Q2 2019 in Review

18 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Saba Closed-End Funds ETF (CEFS) for Q2 2019, worth a combined $25.6M — up 82% from $14M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new CEFS positions and 2 closed out — a net gain of 6 holders — while 2 added to existing stakes and 2 trimmed.

The largest buyer was Deutsche Bank, opening a new position worth an estimated $10.6M. The largest seller was Jane Street, exiting entirely with an estimated $775K sold.

  • 18 institutional investors held Saba Closed-End Funds ETF (CEFS) as of Q2 2019, up from 12 in Q1 2019.
  • Funds reported $25.6M of Saba Closed-End Funds ETF stock for Q2 2019, up 82% quarter-over-quarter.
  • 8 funds opened new Saba Closed-End Funds ETF positions in Q2 2019 and 2 closed out, a net change of +6 holders.
  • The largest Saba Closed-End Funds ETF buyer in Q2 2019 was Deutsche Bank, an estimated $10.6M added.
  • The largest Saba Closed-End Funds ETF seller in Q2 2019 was Jane Street, an estimated $775K sold.

Based on aggregated 13F filings for Q2 2019.