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Saba Closed-End Funds ETF
CEFS

19 hedge funds and large institutions have $15.8M invested in Saba Closed-End Funds ETF in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 2

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

19% more funds holding

Funds holding: 16 → 19 (+3)

4.07% more ownership

Funds ownership: 34.66% → 38.73% (+4.1%)

7% less capital invested

Capital invested by funds: $16.9M → $15.8M (-$1.11M)

Holders
19
Holders Change
+3
Holders Change %
+18.75%
% of All Funds
0.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
5
Reduced
2
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
APA
American Portfolios Advisors
New York
+$2.81M
2
TI
Tidal Investments
Wisconsin
+$2.38M
3
Jane Street
Jane Street
New York
+$1.84M
4
AGM
Alpine Global Management
New York
+$1.15M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$558K

Top Sellers

1
Citigroup
Citigroup
New York
-$3.96M
2
CRWM
Castle Rock Wealth Management
California
-$1.52M
3
CWM
Cornerstone Wealth Management
Missouri
-$207K
4
ACM
Adalta Capital Management
New York
-$138K
5
UBS Group
UBS Group
Switzerland
-$21K
Name Holding Trade Value Shares
Change 		Change in
Stake
TI
1
Tidal Investments
Wisconsin
$3.44M +$2.38M +123,401 +121%
Citigroup
2
Citigroup
New York
$2.97M -$3.96M -205,640 -51%
APA
3
American Portfolios Advisors
New York
$2.23M +$2.81M +145,892 New
Jane Street
4
Jane Street
New York
$1.46M +$1.84M +95,416 New
ACM
5
Adalta Capital Management
New York
$1.02M -$138K -7,144 -10%
AGM
6
Alpine Global Management
New York
$907K +$1.15M +59,417 New
SC
7
Scotia Capital
Ontario, Canada
$869K +$22K +1,140 +2%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$767K +$558K +28,975 +136%
FAAS
9
First Allied Advisory Services
California
$667K +$460K +23,882 +120%
VCM
10
Vivaldi Capital Management
Illinois
$324K – – –
CL
11
CSS LLC
Illinois
$307K – – –
IWM
12
IHT Wealth Management
Illinois
$219K +$277K +14,349 New
AW
13
ACG Wealth
Georgia
$199K +$5.61K +291 +2%
NA
14
NewEdge Advisors
Louisiana
$187K +$237K +12,277 New
Osaic Holdings
15
Osaic Holdings
Arizona
$168K +$408K +21,193 New
MCM
16
Manchester Capital Management
Vermont
$61K +$77.1K +4,000 New
AIC
17
Ameritas Investment Company
Nebraska
$8K +$10.2K +530 New
Northwestern Mutual Wealth Management
18
Northwestern Mutual Wealth Management
Wisconsin
$5K +$6.11K +317 New
CRWM
19
Castle Rock Wealth Management
California
– -$1.52M -72,417 Closed
CWM
20
Cornerstone Wealth Management
Missouri
– -$207K -9,996 Closed
UBS Group
21
UBS Group
Switzerland
– -$21K -1,027 Closed
WEC
22
Winslow Evans & Crocker
Massachusetts
– -$8K -300 Closed

CEFS Hedge Fund Activity: Q1 2020 in Review

19 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Saba Closed-End Funds ETF (CEFS) for Q1 2020, worth a combined $15.8M — down 6.6% from $16.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new CEFS positions and 5 closed out — a net gain of 4 holders — while 5 added to existing stakes and 2 trimmed.

The largest buyer was American Portfolios Advisors, opening a new position worth an estimated $2.81M. The largest seller was Citigroup, cutting an estimated $3.96M.

  • 19 institutional investors held Saba Closed-End Funds ETF (CEFS) as of Q1 2020, up from 16 in Q4 2019.
  • Funds reported $15.8M of Saba Closed-End Funds ETF stock for Q1 2020, down 6.6% quarter-over-quarter.
  • 9 funds opened new Saba Closed-End Funds ETF positions in Q1 2020 and 5 closed out, a net change of +4 holders.
  • The largest Saba Closed-End Funds ETF buyer in Q1 2020 was American Portfolios Advisors, an estimated $2.81M added.
  • The largest Saba Closed-End Funds ETF seller in Q1 2020 was Citigroup, an estimated $3.96M sold.

Based on aggregated 13F filings for Q1 2020.