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Saba Closed-End Funds ETF
CEFS

14 hedge funds and large institutions have $15.7M invested in Saba Closed-End Funds ETF in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 3

7% more capital invested

Capital invested by funds: $14.6M → $15.7M (+$1.03M)

0.12% less ownership

Funds ownership: 30.14% → 30.02% (-0.12%)

7% less funds holding

Funds holding: 15 → 14 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
14
Holders Change
-1
Holders Change %
-6.67%
% of All Funds
0.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
8
Reduced
3
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Osaic Holdings
Osaic Holdings
Arizona
+$1.57M
2
WS
Wedbush Securities
California
+$795K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$209K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$90.6K
5
APA
American Portfolios Advisors
New York
+$88.4K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$935K
2
NA
NewEdge Advisors
Louisiana
-$736K
3
TI
Tidal Investments
Wisconsin
-$297K
4
ACM
Adalta Capital Management
New York
-$184K
5
CWM
Cornerstone Wealth Management
Missouri
-$182K
Name Holding Trade Value Shares
Change 		Change in
Stake
TI
1
Tidal Investments
Wisconsin
$3.88M -$297K -16,143 -7%
APA
2
American Portfolios Advisors
New York
$2.74M +$88.4K +4,797 +3%
CRWM
3
Castle Rock Wealth Management
California
$1.87M +$64.4K +3,495 +4%
Osaic Holdings
4
Osaic Holdings
Arizona
$1.84M +$1.57M +85,306 +556%
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$1.07M +$90.6K +4,920 +9%
SC
6
Scotia Capital
Ontario, Canada
$1.04M +$2.78K +151 +0.3%
FAAS
7
First Allied Advisory Services
California
$941K +$81.5K +4,426 +9%
WS
8
Wedbush Securities
California
$790K +$795K +43,159 New
RJFSA
9
Raymond James Financial Services Advisors
Florida
$442K +$15.3K +831 +4%
CL
10
CSS LLC
Illinois
$369K – – –
AW
11
ACG Wealth
Georgia
$244K +$2.73K +148 +1%
ACM
12
Adalta Capital Management
New York
$233K -$184K -10,000 -44%
Cambridge Investment Research Advisors
13
Cambridge Investment Research Advisors
Iowa
$207K +$209K +11,335 New
UBS Group
14
UBS Group
Switzerland
$2K -$2.65K -144 -60%
Citadel Advisors
15
Citadel Advisors
Florida
– -$935K -53,217 Closed
NA
16
NewEdge Advisors
Louisiana
– -$736K -41,908 Closed
CWM
17
Cornerstone Wealth Management
Missouri
– -$182K -10,334 Closed

CEFS Hedge Fund Activity: Q3 2020 in Review

14 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Saba Closed-End Funds ETF (CEFS) for Q3 2020, worth a combined $15.7M — up 7.1% from $14.6M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of CEFS and 2 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 8 added.

The largest buyer was Osaic Holdings, adding an estimated $1.57M. The largest seller was Citadel Advisors, exiting entirely with an estimated $935K sold.

  • 14 institutional investors held Saba Closed-End Funds ETF (CEFS) as of Q3 2020, down from 15 in Q2 2020.
  • Funds reported $15.7M of Saba Closed-End Funds ETF stock for Q3 2020, up 7.1% quarter-over-quarter.
  • 2 funds opened new Saba Closed-End Funds ETF positions in Q3 2020 and 3 closed out, a net change of -1 holder.
  • The largest Saba Closed-End Funds ETF buyer in Q3 2020 was Osaic Holdings, an estimated $1.57M added.
  • The largest Saba Closed-End Funds ETF seller in Q3 2020 was Citadel Advisors, an estimated $935K sold.

Based on aggregated 13F filings for Q3 2020.