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SABA

Saba Capital Income & Opportunities Fund II
SABA

122 hedge funds and large institutions have $250M invested in Saba Capital Income & Opportunities Fund II in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 41 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $212M → $250M (+$38.1M)

14% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 36

0.62% more ownership

Funds ownership: 11.76% → 12.38% (+0.62%)

4% less funds holding

Funds holding: 127 → 122 (-5)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

Holders
122
Holders Change
-5
Holders Change %
-3.94%
% of All Funds
3.04%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
8
Increased
41
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$5.67M
2
NSIM
North Star Investment Management
Illinois
+$4.92M
3
JFA
JNBA Financial Advisors
Minnesota
+$1.78M
4
RJA
Raymond James & Associates
Florida
+$1.25M
5
FIM
Frontier Investment Management
Texas
+$1.24M

Top Sellers

1
FIMG
Financial & Investment Management Group
Michigan
-$4.91M
2
RCM
Rivernorth Capital Management
Florida
-$705K
3
DA
Doliver Advisors
Texas
-$698K
4
CFP
Cornerstone Financial Partners
North Carolina
-$479K
5
SRC
Shufro Rose & Co
New York
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$2.55M +$144K +10,731 +6%
GAM
27
Gould Asset Management
California
$2.34M +$92.5K +6,913 +4%
FIMG
28
Financial & Investment Management Group
Michigan
$2.22M -$4.91M -367,502 -69%
TFF
29
The Family Firm
Maryland
$1.65M +$211K +15,807 +15%
PPA
30
Parametric Portfolio Associates
Washington
$1.31M +$143K +10,692 +12%
SC
31
Scotia Capital
Ontario, Canada
$1.26M -$8.02K -600 -0.6%
MC
32
Matisse Capital
Oregon
$1.22M -$252K -18,871 -17%
LCM
33
Landscape Capital Management
New Jersey
$1.21M -$287K -21,496 -19%
CRC
34
Curi RMB Capital
Illinois
$1.1M +$1.09M +81,681 New
EHC
35
Everett Harris & Co
California
$1.09M -$69.1K -5,165 -6%
LNB
36
Ledyard National Bank
$1.01M +$1M +75,000 New
BCI
37
Brinker Capital Investments
Pennsylvania
$987K – – –
HFS
38
HL Financial Services
Kentucky
$947K +$8.87K +663 +1%
ECM
39
Elgethun Capital Management
South Dakota
$912K +$441 +33 +0%
SFS
40
Shaker Financial Services
Virginia
$901K +$894K +66,859 New
GIP
41
Greatmark Investment Partners
Georgia
$839K -$669 -50 -0.1%
AWA
42
Arete Wealth Advisors
Illinois
$802K -$70.1K -5,243 -8%
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$789K -$37.7K -2,819 -5%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$786K -$22.9K -1,715 -3%
AWM
45
AE Wealth Management
Kansas
$645K +$37.4K +2,800 +6%
Stifel Financial
46
Stifel Financial
Missouri
$614K -$67.9K -5,075 -10%
SJIC
47
St. James Investment Company
Texas
$605K -$112K -8,409 -16%
RPA
48
Rock Point Advisors
Vermont
$570K +$4.08K +305 +0.7%
DA
49
Doliver Advisors
Texas
$526K -$698K -52,170 -57%
HCIA
50
Hochman Cole Investment Advisors
Illinois
$497K +$161K +12,023 +48%
1
2
3 4 5

SABA Hedge Fund Activity: Q3 2017 in Review

122 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2017, worth a combined $250M — up 18% from $212M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of SABA and 8 opened new positions — a net loss of 5 holders — while 36 trimmed existing stakes and 41 added.

The largest buyer was Wells Fargo, adding an estimated $5.67M. The largest seller was Financial & Investment Management Group, cutting an estimated $4.91M.

  • 122 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2017, down from 127 in Q2 2017.
  • Funds reported $250M of Saba Capital Income & Opportunities Fund II stock for Q3 2017, up 18% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2017 and 13 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2017 was Wells Fargo, an estimated $5.67M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2017 was Financial & Investment Management Group, an estimated $4.91M sold.

Based on aggregated 13F filings for Q3 2017.