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SABA

Saba Capital Income & Opportunities Fund II
SABA

78 hedge funds and large institutions have $130M invested in Saba Capital Income & Opportunities Fund II in 2025 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $123M → $130M (+$7.45M)

4% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 23

0.24% more ownership

Funds ownership: 49.84% → 50.08% (+0.24%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less funds holding

Funds holding: 85 → 78 (-7)

42% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 12

Holders
78
Holders Change
-7
Holders Change %
-8.24%
% of All Funds
1.03%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
7
Increased
24
Reduced
23
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$2.23M
2
SC
Scotia Capital
Ontario, Canada
+$775K
3
AAM
Advisors Asset Management
Colorado
+$740K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$431K
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$429K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.14M
2
SCM
Saba Capital Management
New York
-$1.48M
3
CL
Choreo LLC
Illinois
-$768K
4
HF
HRT Financial
New York
-$224K
5
Citadel Advisors
Citadel Advisors
Florida
-$152K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$348K +$50.6K +5,849 +18%
AW
27
Avion Wealth
Texas
$340K – – –
HCA
28
Harbour Capital Advisors
Virginia
$318K – – –
Osaic Holdings
29
Osaic Holdings
Arizona
$290K +$38.6K +4,459 +16%
ECM
30
Evergreen Capital Management
Washington
$280K -$7.02K -812 -3%
Cetera Investment Advisers
31
Cetera Investment Advisers
Illinois
$271K +$27K +3,118 +12%
UBS Group
32
UBS Group
Switzerland
$251K +$119K +13,719 +101%
Walleye Capital
33
Walleye Capital
New York
$230K +$12.7K +1,468 +6%
LPL Financial
34
LPL Financial
California
$222K +$8.48K +981 +4%
HighTower Advisors
35
HighTower Advisors
Illinois
$217K -$4.06K -469 -2%
KPF
36
K2 Principal Fund
Ontario, Canada
$211K – – –
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$205K +$193K +22,314 New
LNWWM
38
Laird Norton Wetherby Wealth Management
California
$195K +$183K +21,197 New
NFG
39
Nations Financial Group
Iowa
$189K – – –
Bank of America
40
Bank of America
North Carolina
$189K +$46.3K +5,348 +35%
MWM
41
Melfa Wealth Management
Massachusetts
$155K -$62.7K -7,250 -30%
RPA
42
Rock Point Advisors
Vermont
$155K -$2.59K -300 -2%
Millennium Management
43
Millennium Management
New York
$152K -$126K -14,587 -47%
PP
44
Patron Partners
Texas
$152K -$17.3K -2,000 -11%
GHAM
45
Gilman Hill Asset Management
Connecticut
$138K – – –
SPIA
46
Steward Partners Investment Advisory
New York
$131K – – –
AIA
47
Absolute Investment Advisers
Florida
$126K +$119K +13,742 New
Wealth Enhancement Advisory Services
48
Wealth Enhancement Advisory Services
Minnesota
$125K -$12.7K -1,467 -10%
BlackRock
49
BlackRock
New York
$120K +$113K +13,067 New
CCFM
50
Clear Creek Financial Management
Washington
$120K +$10.8K +1,250 +11%
1
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SABA Hedge Fund Activity: Q2 2025 in Review

78 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2025, worth a combined $130M — up 6.1% from $123M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of SABA and 7 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 24 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.23M. The largest seller was Morgan Stanley, cutting an estimated $2.14M.

  • 78 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2025, down from 85 in Q1 2025.
  • Funds reported $130M of Saba Capital Income & Opportunities Fund II stock for Q2 2025, up 6.1% quarter-over-quarter.
  • 7 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2025 and 12 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2025 was Rivernorth Capital Management, an estimated $2.23M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2025 was Morgan Stanley, an estimated $2.14M sold.

Based on aggregated 13F filings for Q2 2025.