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SABA

Saba Capital Income & Opportunities Fund II
SABA

125 hedge funds and large institutions have $177M invested in Saba Capital Income & Opportunities Fund II in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

54% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 28

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

9% more capital invested

Capital invested by funds: $163M → $177M (+$13.9M)

5% more funds holding

Funds holding: 119 → 125 (+6)

0.53% more ownership

Funds ownership: 7.47% → 8% (+0.53%)

Holders
125
Holders Change
+6
Holders Change %
+5.04%
% of All Funds
3.59%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.14%
New
14
Increased
43
Reduced
28
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$8.41M
2
Invesco
Invesco
Georgia
+$3.39M
3
Morgan Stanley
Morgan Stanley
New York
+$3.29M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$2.34M
5
NCM
Newgate Capital Management
Connecticut
+$2.16M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$9.95M
2
GLA
Great Lakes Advisors
Illinois
-$3.33M
3
IWC
Integrated Wealth Counsel
California
-$1.48M
4
EHC
Everett Harris & Co
California
-$913K
5
KFS
KMS Financial Services
Washington
-$250K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
51
First Allied Advisory Services
California
$337K -$66.2K -4,151 -17%
M&T Bank
52
M&T Bank
New York
$316K – – –
RJT
53
Raymond James Trust
Florida
$292K -$35.4K -2,217 -11%
Barclays
54
Barclays
United Kingdom
$287K +$286K +17,919 +85,329%
JFA
55
JNBA Financial Advisors
Minnesota
$252K – – –
HCM
56
Hollencrest Capital Management
California
$245K – – –
NES
57
New England Securities
New York
$243K +$59.4K +3,724 +34%
FHB
58
First Hawaiian Bank
Hawaii
$240K – – –
CAN
59
Cetera Advisor Networks
California
$238K -$49.9K -3,130 -18%
DA
60
Doliver Advisors
Texas
$229K +$221K +13,843 New
FCCM
61
First City Capital Management
Georgia
$221K -$5.38K -337 -2%
Millennium Management
62
Millennium Management
New York
$218K +$211K +13,200 New
SMC
63
Smith, Moore & Co
Missouri
$202K +$1.59K +100 +0.8%
CCB
64
Cutter & Co Brokerage
Missouri
$200K – – –
Janney Montgomery Scott
65
Janney Montgomery Scott
Pennsylvania
$195K +$39.9K +2,503 +27%
SCA
66
Salient Capital Advisors
Texas
$189K – – –
CA
67
Cornerstone Advisors
North Carolina
$185K +$179K +11,200 New
MIC
68
Meridian Investment Counsel
California
$176K – – –
CWM
69
Concert Wealth Management
California
$163K +$494 +31 +0.3%
MFS
70
MSI Financial Services
Massachusetts
$158K +$55.6K +3,489 +57%
DC
71
Davenport & Co
Virginia
$156K – – –
AWE
72
Avidian Wealth Enterprises
Texas
$152K +$147K +9,208 New
SI
73
SII Investments
Wisconsin
$151K +$6.47K +406 +5%
GHAM
74
Gilman Hill Asset Management
Connecticut
$145K -$49.9K -3,128 -26%
V
75
Veritable
Delaware
$142K – – –
1 2
3
4 5

SABA Hedge Fund Activity: Q2 2014 in Review

125 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2014, worth a combined $177M — up 8.5% from $163M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SABA positions and 8 closed out — a net gain of 6 holders — while 43 added to existing stakes and 28 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $8.41M. The largest seller was Guggenheim Capital, cutting an estimated $9.95M.

  • 125 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2014, up from 119 in Q1 2014.
  • Funds reported $177M of Saba Capital Income & Opportunities Fund II stock for Q2 2014, up 8.5% quarter-over-quarter.
  • 14 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2014 and 8 closed out, a net change of +6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2014 was Rivernorth Capital Management, an estimated $8.41M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2014 was Guggenheim Capital, an estimated $9.95M sold.

Based on aggregated 13F filings for Q2 2014.