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SABA

Saba Capital Income & Opportunities Fund II
SABA

97 hedge funds and large institutions have $275M invested in Saba Capital Income & Opportunities Fund II in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 27 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

4% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 27

2% more capital invested

Capital invested by funds: $268M → $275M (+$6.41M)

0.24% more ownership

Funds ownership: 30.18% → 30.41% (+0.24%)

4% less funds holding

Funds holding: 101 → 97 (-4)

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

Holders
97
Holders Change
-4
Holders Change %
-3.96%
% of All Funds
1.55%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
12
Increased
28
Reduced
27
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
IA
Icon Advisers
Colorado
+$7.44M
2
COLIM
City of London Investment Management
United Kingdom
+$1.31M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$1.06M
4
Invesco
Invesco
Georgia
+$780K
5
AW
Atlas Wealth
Ohio
+$316K

Top Sellers

1
BI
Bulldog Investors
New Jersey
-$4.77M
2
AC
Almitas Capital
California
-$1.79M
3
Ameriprise
Ameriprise
Minnesota
-$928K
4
Morgan Stanley
Morgan Stanley
New York
-$924K
5
AW
Avion Wealth
Texas
-$351K
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
26
Evergreen Capital Management
Washington
$315K -$3.68K -425 -1%
RPA
27
Rock Point Advisors
Vermont
$297K – – –
UBS Group
28
UBS Group
Switzerland
$265K -$5.22K -603 -2%
Stifel Financial
29
Stifel Financial
Missouri
$260K +$45.3K +5,228 +22%
SWA
30
Sightline Wealth Advisors
Connecticut
$259K +$3.79K +437 +2%
IA
31
IFG Advisory
Georgia
$236K -$67.4K -7,780 -22%
JFA
32
JNBA Financial Advisors
Minnesota
$232K – – –
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$231K +$8.47K +977 +4%
JP Morgan Chase
34
JP Morgan Chase
New York
$229K +$214K +24,691 +1,812%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$225K -$81K -9,350 -27%
SRC
36
Shufro Rose & Co
New York
$209K – – –
FPAS
37
Focus Partners Advisor Solutions
Missouri
$183K +$101K +11,675 +128%
GHAM
38
Gilman Hill Asset Management
Connecticut
$165K +$43.3K +5,000 +36%
MC
39
Moors & Cabot
Massachusetts
$157K +$63K +7,275 +69%
KAS
40
Kestra Advisory Services
Texas
$148K -$12.7K -1,461 -8%
SPIA
41
Steward Partners Investment Advisory
New York
$135K – – –
IFG
42
Independent Financial Group
California
$133K +$131K +15,117 New
SWM
43
Sculati Wealth Management
Michigan
$133K – – –
Osaic Holdings
44
Osaic Holdings
Arizona
$125K +$19.9K +2,300 +19%
VCWA
45
Vanguard Capital Wealth Advisors
Colorado
$123K +$121K +13,987 New
Mariner
46
Mariner
Kansas
$120K -$11K -1,273 -9%
Walleye Capital
47
Walleye Capital
New York
$116K -$291K -33,545 -72%
DIS
48
Diversified Investment Strategies
Louisiana
$109K – – –
HI
49
Harbour Investments
Wisconsin
$107K +$18.7K +2,160 +21%
Cetera Investment Advisers
50
Cetera Investment Advisers
Illinois
$105K +$16.5K +1,905 +19%
1
2
3 4 5

SABA Hedge Fund Activity: Q1 2023 in Review

97 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2023, worth a combined $275M — up 2.4% from $268M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of SABA and 12 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 28 added.

The largest buyer was Icon Advisers, adding an estimated $7.44M. The largest seller was Bulldog Investors, exiting entirely with an estimated $4.77M sold.

  • 97 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2023, down from 101 in Q4 2022.
  • Funds reported $275M of Saba Capital Income & Opportunities Fund II stock for Q1 2023, up 2.4% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2023 and 14 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2023 was Icon Advisers, an estimated $7.44M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q1 2023 was Bulldog Investors, an estimated $4.77M sold.

Based on aggregated 13F filings for Q1 2023.