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SABA

Saba Capital Income & Opportunities Fund II
SABA

127 hedge funds and large institutions have $212M invested in Saba Capital Income & Opportunities Fund II in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 34

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

4% more capital invested

Capital invested by funds: $204M → $212M (+$8.17M)

0.29% more ownership

Funds ownership: 11.47% → 11.76% (+0.29%)

3% less funds holding

Funds holding: 131 → 127 (-4)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

Holders
127
Holders Change
-4
Holders Change %
-3.05%
% of All Funds
3.17%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.12%
New
10
Increased
44
Reduced
34
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NSIM
North Star Investment Management
Illinois
+$4.52M
2
Morgan Stanley
Morgan Stanley
New York
+$3.34M
3
GS
Girard Securities
California
+$2.93M
4
FIMG
Financial & Investment Management Group
Michigan
+$2.75M
5
WMG
WESCAP Management Group
California
+$2.59M

Top Sellers

1
FIM
Frontier Investment Management
Texas
-$3.18M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$2.22M
3
SFS
Shaker Financial Services
Virginia
-$2.13M
4
CRC
Curi RMB Capital
Illinois
-$1.95M
5
RCM
Rivernorth Capital Management
Florida
-$1.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$2.4M +$179K +13,480 +8%
GAM
27
Gould Asset Management
California
$2.24M +$28.9K +2,170 +1%
RJA
28
Raymond James & Associates
Florida
$2.09M +$33.8K +2,543 +2%
LCM
29
Landscape Capital Management
New Jersey
$1.49M -$969K -72,836 -40%
MC
30
Matisse Capital
Oregon
$1.47M +$300K +22,525 +26%
TFF
31
The Family Firm
Maryland
$1.44M +$134K +10,106 +10%
SC
32
Scotia Capital
Ontario, Canada
$1.26M +$18.6K +1,400 +2%
DA
33
Doliver Advisors
Texas
$1.23M -$68.9K -5,178 -5%
PPA
34
Parametric Portfolio Associates
Washington
$1.16M – – –
EHC
35
Everett Harris & Co
California
$1.15M -$113K -8,465 -9%
BCI
36
Brinker Capital Investments
Pennsylvania
$984K – – –
HFS
37
HL Financial Services
Kentucky
$936K -$6.49K -488 -0.7%
ECM
38
Elgethun Capital Management
South Dakota
$908K -$22.8K -1,716 -2%
AWA
39
Arete Wealth Advisors
Illinois
$870K -$480K -36,093 -36%
GIP
40
Greatmark Investment Partners
Georgia
$837K -$66.2K -4,975 -7%
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$824K -$222K -16,663 -21%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$808K +$119K +8,939 +17%
SJIC
43
St. James Investment Company
Texas
$716K +$709K +53,288 New
Stifel Financial
44
Stifel Financial
Missouri
$679K +$94.1K +7,074 +16%
AWM
45
AE Wealth Management
Kansas
$606K +$600K +45,062 New
RPA
46
Rock Point Advisors
Vermont
$565K -$23.2K -1,745 -4%
MHIC
47
Marble Harbor Investment Counsel
Massachusetts
$493K +$23.3K +1,750 +5%
AG
48
Advisor Group
Arizona
$486K -$148K -11,095 -23%
TW
49
Transform Wealth
Colorado
$483K -$225K -16,909 -32%
RJFSA
50
Raymond James Financial Services Advisors
Florida
$471K +$169K +12,712 +57%
1
2
3 4 5

SABA Hedge Fund Activity: Q2 2017 in Review

127 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2017, worth a combined $212M — up 4% from $204M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of SABA and 10 opened new positions — a net loss of 2 holders — while 34 trimmed existing stakes and 44 added.

The largest buyer was North Star Investment Management, opening a new position worth an estimated $4.52M. The largest seller was Frontier Investment Management, cutting an estimated $3.18M.

  • 127 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2017, down from 131 in Q1 2017.
  • Funds reported $212M of Saba Capital Income & Opportunities Fund II stock for Q2 2017, up 4% quarter-over-quarter.
  • 10 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2017 and 12 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2017 was North Star Investment Management, an estimated $4.52M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2017 was Frontier Investment Management, an estimated $3.18M sold.

Based on aggregated 13F filings for Q2 2017.