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Saba Closed-End Funds ETF
CEFS

60 hedge funds and large institutions have $61.8M invested in Saba Closed-End Funds ETF in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 3

100% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 14

14% more capital invested

Capital invested by funds: $54.1M → $61.8M (+$7.74M)

13% more funds holding

Funds holding: 53 → 60 (+7)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.9% less ownership

Funds ownership: 34.35% → 33.44% (-0.9%)

Holders
60
Holders Change
+7
Holders Change %
+13.21%
% of All Funds
0.86%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
10
Increased
28
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CA
Cetera Advisors
Colorado
+$1.3M
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$954K
3
LPL Financial
LPL Financial
California
+$925K
4
PI
PFG Investments
New York
+$838K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$737K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$1.92M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.85M
3
Osaic Holdings
Osaic Holdings
Arizona
-$1.44M
4
TI
Tidal Investments
Wisconsin
-$341K
5
OC
Oppenheimer & Co
New York
-$144K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$9.6M +$925K +47,297 +11%
FWM
2
Fortress Wealth Management
California
$6.91M +$524K +26,773 +9%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$4.99M +$737K +37,698 +19%
PCP
4
Proficio Capital Partners
Massachusetts
$4.16M +$210K +10,715 +6%
Cetera Investment Advisers
5
Cetera Investment Advisers
Illinois
$3.98M +$954K +48,781 +34%
TI
6
Tidal Investments
Wisconsin
$2.21M -$341K -17,414 -14%
3AM
7
3EDGE Asset Management
Florida
$1.99M +$364K +18,634 +24%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$1.49M +$87.4K +4,469 +7%
CA
9
Cetera Advisors
Colorado
$1.37M +$1.3M +66,507 New
SC
10
Scotia Capital
Ontario, Canada
$1.29M +$114K +5,811 +10%
Osaic Holdings
11
Osaic Holdings
Arizona
$1.27M -$1.44M -73,584 -54%
TJHA
12
Thomas J. Herzfeld Advisors
Florida
$1.26M -$1.85M -94,805 -61%
CPIG
13
Chicago Partners Investment Group
Illinois
$1.25M +$17K +871 +1%
RCM
14
Rivernorth Capital Management
Florida
$1.14M – – –
IWM
15
IHT Wealth Management
Illinois
$1.11M -$5.71K -292 -0.5%
RC
16
Rovin Capital
Arizona
$1.1M +$54K +2,763 +5%
LWM
17
Lionsbridge Wealth Management
Florida
$1.01M +$7.86K +402 +0.8%
Lido Advisors
18
Lido Advisors
California
$1M +$682K +34,855 +256%
CPRC
19
Consolidated Portfolio Review Corp
New York
$915K -$36.2K -1,853 -4%
OC
20
Oppenheimer & Co
New York
$903K -$144K -7,373 -14%
PI
21
PFG Investments
New York
$886K +$838K +42,845 New
FM
22
Family Management
New York
$853K +$597K +30,546 +285%
RJA
23
Raymond James & Associates
Florida
$825K +$124K +6,362 +19%
AWA
24
Arete Wealth Advisors
Illinois
$817K +$44.1K +2,257 +6%
AWM
25
Avior Wealth Management
Nebraska
$733K +$27.9K +1,427 +4%
1
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CEFS Hedge Fund Activity: Q1 2024 in Review

60 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Saba Closed-End Funds ETF (CEFS) for Q1 2024, worth a combined $61.8M — up 14% from $54.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new CEFS positions and 3 closed out — a net gain of 7 holders — while 28 added to existing stakes and 14 trimmed.

The largest buyer was Cetera Advisors, opening a new position worth an estimated $1.3M. The largest seller was Morgan Stanley, cutting an estimated $1.92M.

  • 60 institutional investors held Saba Closed-End Funds ETF (CEFS) as of Q1 2024, up from 53 in Q4 2023.
  • Funds reported $61.8M of Saba Closed-End Funds ETF stock for Q1 2024, up 14% quarter-over-quarter.
  • 10 funds opened new Saba Closed-End Funds ETF positions in Q1 2024 and 3 closed out, a net change of +7 holders.
  • The largest Saba Closed-End Funds ETF buyer in Q1 2024 was Cetera Advisors, an estimated $1.3M added.
  • The largest Saba Closed-End Funds ETF seller in Q1 2024 was Morgan Stanley, an estimated $1.92M sold.

Based on aggregated 13F filings for Q1 2024.