Saba Opportunistically Hedged Closed-End Funds ETF
CEFS
16 hedge funds and large institutions have $17M invested in Saba Opportunistically Hedged Closed-End Funds ETF in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 6 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 2
11% less funds holding
Funds holding: 18 → 16 (-2)
12.32% less ownership
Funds ownership: 51.8% → 39.48% (-12%)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
33% less capital invested
Capital invested by funds: $25.6M → $17M (-$8.53M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
+$1.34M |
| 2 |
Jane Street
New York
|
+$1.32M |
| 3 |
ACM
Adalta Capital Management
New York
|
+$372K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$330K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$301K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$10.7M |
| 2 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$1.01M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$472K |
| 4 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
-$58.8K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$12K |
CEFS Hedge Fund Activity: Q3 2019 in Review
16 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Saba Opportunistically Hedged Closed-End Funds ETF (CEFS) for Q3 2019, worth a combined $17M — down 33% from $25.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CEFS and 4 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 7 added.
The largest buyer was Castle Rock Wealth Management, opening a new position worth an estimated $1.34M. The largest seller was Deutsche Bank, exiting entirely with an estimated $10.7M sold.
- 16 institutional investors held Saba Opportunistically Hedged Closed-End Funds ETF (CEFS) as of Q3 2019, down from 18 in Q2 2019.
- Funds reported $17M of Saba Opportunistically Hedged Closed-End Funds ETF stock for Q3 2019, down 33% quarter-over-quarter.
- 4 funds opened new Saba Opportunistically Hedged Closed-End Funds ETF positions in Q3 2019 and 6 closed out, a net change of -2 holders.
- The largest Saba Opportunistically Hedged Closed-End Funds ETF buyer in Q3 2019 was Castle Rock Wealth Management, an estimated $1.34M added.
- The largest Saba Opportunistically Hedged Closed-End Funds ETF seller in Q3 2019 was Deutsche Bank, an estimated $10.7M sold.
Based on aggregated 13F filings for Q3 2019.