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SABA

Saba Capital Income & Opportunities Fund II
SABA

125 hedge funds and large institutions have $177M invested in Saba Capital Income & Opportunities Fund II in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

54% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 28

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

9% more capital invested

Capital invested by funds: $163M → $177M (+$13.9M)

5% more funds holding

Funds holding: 119 → 125 (+6)

0.53% more ownership

Funds ownership: 7.47% → 8% (+0.53%)

Holders
125
Holders Change
+6
Holders Change %
+5.04%
% of All Funds
3.59%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.14%
New
14
Increased
43
Reduced
28
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$8.41M
2
Invesco
Invesco
Georgia
+$3.39M
3
Morgan Stanley
Morgan Stanley
New York
+$3.29M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$2.34M
5
NCM
Newgate Capital Management
Connecticut
+$2.16M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$9.95M
2
GLA
Great Lakes Advisors
Illinois
-$3.33M
3
IWC
Integrated Wealth Counsel
California
-$1.48M
4
EHC
Everett Harris & Co
California
-$913K
5
KFS
KMS Financial Services
Washington
-$250K
Name Holding Trade Value Shares
Change 		Change in
Stake
GIP
26
Greatmark Investment Partners
Georgia
$1.28M +$34.1K +2,137 +3%
BL
27
BCWM LLC
Kansas
$1.26M -$18.9K -1,187 -2%
HFS
28
HL Financial Services
Kentucky
$805K +$14.1K +884 +2%
Goldman Sachs
29
Goldman Sachs
New York
$803K +$14.1K +883 +2%
GC
30
Guggenheim Capital
Illinois
$774K -$9.95M -623,741 -93%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$740K +$19.6K +1,226 +3%
SRC
32
Shufro Rose & Co
New York
$659K – – –
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$619K -$133K -8,355 -18%
CS
34
Credit Suisse
Switzerland
$601K +$166K +10,401 +40%
PHIMC
35
Private Harbour Investment Management & Counsel
Ohio
$582K +$9.97K +625 +2%
ADBIC
36
A.D. Beadell Investment Counsel
Wisconsin
$533K -$31.9K -2,000 -6%
KFS
37
KMS Financial Services
Washington
$521K -$250K -15,659 -33%
GEM
38
Global Endowment Management
North Carolina
$496K +$478K +30,000 New
MWR
39
McAdams Wright Ragen
Washington
$481K +$5.07K +318 +1%
WKWM
40
Walter & Keenan Wealth Management
Indiana
$472K – – –
BNP Paribas Financial Markets
41
BNP Paribas Financial Markets
France
$458K +$149K +9,350 +51%
Cohen & Steers
42
Cohen & Steers
New York
$442K – – –
AQR Capital Management
43
AQR Capital Management
Connecticut
$437K +$143K +8,996 +52%
SCM
44
Saba Capital Management
New York
$426K +$411K +25,773 New
RJFSA
45
Raymond James Financial Services Advisors
Florida
$416K -$59.9K -3,757 -13%
NPC
46
National Planning Corporation
California
$393K +$73.4K +4,600 +24%
FIMG
47
Financial & Investment Management Group
Michigan
$385K -$1.04K -65 -0.3%
CNB
48
City National Bank
California
$380K +$79.7K +5,000 +28%
SSB
49
Sandy Spring Bank
Maryland
$342K -$27.9K -1,750 -8%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$339K -$25.4K -1,591 -7%
1
2
3 4 5

SABA Hedge Fund Activity: Q2 2014 in Review

125 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2014, worth a combined $177M — up 8.5% from $163M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SABA positions and 8 closed out — a net gain of 6 holders — while 43 added to existing stakes and 28 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $8.41M. The largest seller was Guggenheim Capital, cutting an estimated $9.95M.

  • 125 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2014, up from 119 in Q1 2014.
  • Funds reported $177M of Saba Capital Income & Opportunities Fund II stock for Q2 2014, up 8.5% quarter-over-quarter.
  • 14 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2014 and 8 closed out, a net change of +6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2014 was Rivernorth Capital Management, an estimated $8.41M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2014 was Guggenheim Capital, an estimated $9.95M sold.

Based on aggregated 13F filings for Q2 2014.