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SABA

Saba Capital Income & Opportunities Fund II
SABA

119 hedge funds and large institutions have $162M invested in Saba Capital Income & Opportunities Fund II in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 33

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.35% less ownership

Funds ownership: 8% → 7.65% (-0.35%)

5% less funds holding

Funds holding: 125 → 119 (-6)

8% less capital invested

Capital invested by funds: $177M → $162M (-$14.7M)

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Holders
119
Holders Change
-6
Holders Change %
-4.8%
% of All Funds
3.45%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.15%
New
3
Increased
41
Reduced
33
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$539K
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$502K
3
Bank of America
Bank of America
North Carolina
+$448K
4
RCM
Robinson Capital Management
Michigan
+$353K
5
Barclays
Barclays
United Kingdom
+$351K

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$2.92M
2
EHC
Everett Harris & Co
California
-$2.81M
3
U
UBS
Switzerland
-$895K
4
Stifel Financial
Stifel Financial
Missouri
-$695K
5
BL
BCWM LLC
Kansas
-$660K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAN
51
Cetera Advisor Networks
California
$274K +$45.1K +2,812 +20%
RJT
52
Raymond James Trust
Florida
$270K -$11.2K -695 -4%
NES
53
New England Securities
New York
$270K +$36.5K +2,275 +15%
JFA
54
JNBA Financial Advisors
Minnesota
$267K +$25.2K +1,570 +10%
FAAS
55
First Allied Advisory Services
California
$256K -$69.7K -4,340 -21%
HCM
56
Hollencrest Capital Management
California
$236K – – –
FHB
57
First Hawaiian Bank
Hawaii
$231K – – –
SMC
58
Smith, Moore & Co
Missouri
$226K +$32.2K +2,007 +16%
FCCM
59
First City Capital Management
Georgia
$213K – – –
LCM
60
Landscape Capital Management
New Jersey
$205K +$106K +6,573 +104%
MFS
61
MSI Financial Services
Massachusetts
$203K +$51.5K +3,208 +34%
Janney Montgomery Scott
62
Janney Montgomery Scott
Pennsylvania
$188K – – –
SCA
63
Salient Capital Advisors
Texas
$182K – – –
MIC
64
Meridian Investment Counsel
California
$170K – – –
SI
65
SII Investments
Wisconsin
$168K +$24.2K +1,506 +17%
CWM
66
Concert Wealth Management
California
$160K -$4K -249 -2%
AWE
67
Avidian Wealth Enterprises
Texas
$156K +$10.1K +626 +7%
Goldman Sachs
68
Goldman Sachs
New York
$146K -$633K -39,458 -81%
GHAM
69
Gilman Hill Asset Management
Connecticut
$139K – – –
US Bancorp
70
US Bancorp
Minnesota
$139K +$58.1K +3,620 +71%
V
71
Veritable
Delaware
$137K – – –
DC
72
Davenport & Co
Virginia
$134K -$16.1K -1,000 -11%
Bank of New York Mellon
73
Bank of New York Mellon
New York
$128K – – –
OIM
74
Orca Investment Management
Oregon
$125K – – –
FA
75
Financial Advantage
Maryland
$122K – – –
1 2
3
4 5

SABA Hedge Fund Activity: Q3 2014 in Review

119 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2014, worth a combined $162M — down 8.3% from $177M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of SABA and 3 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 41 added.

The largest buyer was AQR Capital Management, adding an estimated $539K. The largest seller was Rivernorth Capital Management, cutting an estimated $2.92M.

  • 119 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2014, down from 125 in Q2 2014.
  • Funds reported $162M of Saba Capital Income & Opportunities Fund II stock for Q3 2014, down 8.3% quarter-over-quarter.
  • 3 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2014 and 9 closed out, a net change of -6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2014 was AQR Capital Management, an estimated $539K added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2014 was Rivernorth Capital Management, an estimated $2.92M sold.

Based on aggregated 13F filings for Q3 2014.