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Saba Closed-End Funds ETF
CEFS

30 hedge funds and large institutions have $23M invested in Saba Closed-End Funds ETF in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 12

2.13% less ownership

Funds ownership: 30.34% → 28.21% (-2.1%)

6% less funds holding

Funds holding: 32 → 30 (-2)

13% less capital invested

Capital invested by funds: $26.4M → $23M (-$3.33M)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
30
Holders Change
-2
Holders Change %
-6.25%
% of All Funds
0.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
12
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AWM
Avior Wealth Management
Nebraska
+$757K
2
AWA
Arete Wealth Advisors
Illinois
+$326K
3
3AM
3EDGE Asset Management
Florida
+$273K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$236K
5
ACM
Adalta Capital Management
New York
+$106K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$2.26M
2
ARC
Advisor Resource Council
Texas
-$1.26M
3
Osaic Holdings
Osaic Holdings
Arizona
-$438K
4
VCM
Vivaldi Capital Management
Illinois
-$191K
5
SC
Scotia Capital
Ontario, Canada
-$112K
Name Holding Trade Value Shares
Change 		Change in
Stake
TI
1
Tidal Investments
Wisconsin
$3.56M +$48.2K +2,666 +1%
APA
2
American Portfolios Advisors
New York
$3.32M -$91.1K -5,038 -2%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$2.16M +$236K +13,073 +11%
RJFSA
4
Raymond James Financial Services Advisors
Florida
$1.21M -$19.1K -1,054 -1%
GIA
5
Gladstone Institutional Advisory
Florida
$1.16M +$99.3K +5,489 +9%
LPL Financial
6
LPL Financial
California
$1.1M +$95.4K +5,272 +9%
SC
7
Scotia Capital
Ontario, Canada
$1.08M -$112K -6,165 -9%
Cetera Investment Advisers
8
Cetera Investment Advisers
Illinois
$1.03M -$1.3K -72 -0.1%
3AM
9
3EDGE Asset Management
Florida
$843K +$273K +15,079 +42%
AWM
10
Avior Wealth Management
Nebraska
$698K +$757K +41,875 New
RC
11
Rovin Capital
Arizona
$654K -$18.8K -1,041 -3%
LIG
12
Lokken Investment Group
Delaware
$622K -$30.5K -1,685 -4%
Osaic Holdings
13
Osaic Holdings
Arizona
$600K -$438K -24,209 -40%
AW
14
ACG Wealth
Georgia
$525K +$3.33K +184 +0.6%
ACM
15
Adalta Capital Management
New York
$506K +$106K +5,875 +24%
IWM
16
IHT Wealth Management
Illinois
$495K – – –
KAS
17
Kestra Advisory Services
Texas
$446K -$27.6K -1,524 -5%
OC
18
Oppenheimer & Co
New York
$437K -$53.1K -2,933 -10%
NA
19
NewEdge Advisors
Louisiana
$418K -$25.8K -1,425 -5%
CL
20
CSS LLC
Illinois
$343K +$8.1K +448 +2%
CWM
21
Circle Wealth Management
New Jersey
$329K – – –
AWA
22
Arete Wealth Advisors
Illinois
$300K +$326K +17,997 New
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$276K +$8.3K +459 +3%
CRWM
24
Castle Rock Wealth Management
California
$215K +$4.99K +276 +2%
TJHA
25
Thomas J. Herzfeld Advisors
Florida
$198K -$30.7K -1,695 -13%
1
2

CEFS Hedge Fund Activity: Q3 2022 in Review

30 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Saba Closed-End Funds ETF (CEFS) for Q3 2022, worth a combined $23M — down 13% from $26.4M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of CEFS and 2 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 12 added.

The largest buyer was Avior Wealth Management, opening a new position worth an estimated $757K. The largest seller was Citadel Advisors, exiting entirely with an estimated $2.26M sold.

  • 30 institutional investors held Saba Closed-End Funds ETF (CEFS) as of Q3 2022, down from 32 in Q2 2022.
  • Funds reported $23M of Saba Closed-End Funds ETF stock for Q3 2022, down 13% quarter-over-quarter.
  • 2 funds opened new Saba Closed-End Funds ETF positions in Q3 2022 and 4 closed out, a net change of -2 holders.
  • The largest Saba Closed-End Funds ETF buyer in Q3 2022 was Avior Wealth Management, an estimated $757K added.
  • The largest Saba Closed-End Funds ETF seller in Q3 2022 was Citadel Advisors, an estimated $2.26M sold.

Based on aggregated 13F filings for Q3 2022.