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SABA

Saba Capital Income & Opportunities Fund II
SABA

131 hedge funds and large institutions have $172M invested in Saba Capital Income & Opportunities Fund II in 2016 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 43 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

2% more funds holding

Funds holding: 128 → 131 (+3)

0.15% less ownership

Funds ownership: 10.21% → 10.07% (-0.15%)

4% less capital invested

Capital invested by funds: $179M → $172M (-$6.71M)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

30% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 43

Holders
131
Holders Change
+3
Holders Change %
+2.34%
% of All Funds
3.5%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.11%
New
16
Increased
30
Reduced
43
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CFP
Cornerstone Financial Partners
North Carolina
+$2.05M
2
BFM
Boston Financial Management
Massachusetts
+$1.64M
3
SFS
Shaker Financial Services
Virginia
+$1.07M
4
Invesco
Invesco
Georgia
+$1.06M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$783K

Top Sellers

1
LPL Financial
LPL Financial
California
-$4.08M
2
NMC
Nine Masts Capital
Hong Kong
-$1.23M
3
AA
AQR Arbitrage
Connecticut
-$1.17M
4
LCM
Landscape Capital Management
New Jersey
-$953K
5
Wells Fargo
Wells Fargo
California
-$719K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFM
26
Boston Financial Management
Massachusetts
$1.62M +$1.64M +127,217 New
EHC
27
Everett Harris & Co
California
$1.56M -$263K -20,462 -14%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$1.28M +$277K +21,540 +27%
SC
29
Scotia Capital
Ontario, Canada
$1.2M – – –
PPA
30
Parametric Portfolio Associates
Washington
$1.1M – – –
BCI
31
Brinker Capital Investments
Pennsylvania
$1.09M -$190K -14,792 -15%
SFS
32
Shaker Financial Services
Virginia
$1.06M +$1.07M +83,150 New
LCM
33
Landscape Capital Management
New Jersey
$1.03M -$953K -74,030 -48%
TFF
34
The Family Firm
Maryland
$913K -$68.8K -5,345 -7%
RJA
35
Raymond James & Associates
Florida
$870K -$126K -9,762 -12%
GIP
36
Greatmark Investment Partners
Georgia
$863K -$966 -75 -0.1%
HFS
37
HL Financial Services
Kentucky
$758K +$35.3K +2,742 +5%
TW
38
Transform Wealth
Colorado
$703K +$711K +55,250 New
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$695K +$8.23K +639 +1%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$674K -$118K -9,152 -15%
MHIC
41
Marble Harbor Investment Counsel
Massachusetts
$617K – – –
BTS
42
BB&T Securities
Virginia
$534K +$541K +42,034 New
RPA
43
Rock Point Advisors
Vermont
$519K -$4.18K -325 -0.8%
Baird Financial Group
44
Baird Financial Group
Wisconsin
$515K +$48.5K +3,768 +10%
NHFG
45
New Harbor Financial Group
Massachusetts
$515K +$509K +39,528 +3,953%
AA
46
AQR Arbitrage
Connecticut
$504K -$1.17M -90,950 -70%
Cohen & Steers
47
Cohen & Steers
New York
$430K – – –
RCA
48
Rowland Carmichael Advisors
Arizona
$407K -$32.2K -2,500 -7%
SRC
49
Shufro Rose & Co
New York
$392K – – –
PHIMC
50
Private Harbour Investment Management & Counsel
Ohio
$380K -$14.4K -1,121 -4%
1
2
3 4 5

SABA Hedge Fund Activity: Q2 2016 in Review

131 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2016, worth a combined $172M — down 3.7% from $179M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SABA positions and 10 closed out — a net gain of 6 holders — while 30 added to existing stakes and 43 trimmed.

The largest buyer was Cornerstone Financial Partners, adding an estimated $2.05M. The largest seller was LPL Financial, cutting an estimated $4.08M.

  • 131 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2016, up from 128 in Q1 2016.
  • Funds reported $172M of Saba Capital Income & Opportunities Fund II stock for Q2 2016, down 3.7% quarter-over-quarter.
  • 16 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2016 and 10 closed out, a net change of +6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2016 was Cornerstone Financial Partners, an estimated $2.05M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2016 was LPL Financial, an estimated $4.08M sold.

Based on aggregated 13F filings for Q2 2016.