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SABA

Saba Capital Income & Opportunities Fund II
SABA

122 hedge funds and large institutions have $134M invested in Saba Capital Income & Opportunities Fund II in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 39 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.42% more ownership

Funds ownership: 7.78% → 8.2% (+0.42%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

2% less funds holding

Funds holding: 125 → 122 (-3)

8% less capital invested

Capital invested by funds: $147M → $134M (-$12.2M)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

28% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 39

Holders
122
Holders Change
-3
Holders Change %
-2.4%
% of All Funds
3.41%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
9
Increased
28
Reduced
39
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PMG
Private Management Group
California
+$11.1M
2
DA
Doliver Advisors
Texas
+$1.84M
3
RCM
Rivernorth Capital Management
Florida
+$1.25M
4
NHFG
New Harbor Financial Group
Massachusetts
+$1.11M
5
UBS Group
UBS Group
Switzerland
+$839K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.72M
2
MFS
MSI Financial Services
Massachusetts
-$1.41M
3
GC
Guggenheim Capital
Illinois
-$1.07M
4
SJIC
St. James Investment Company
Texas
-$780K
5
RJA
Raymond James & Associates
Florida
-$669K
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
51
Geode Capital Management
Massachusetts
$290K – – –
PNC Financial Services Group
52
PNC Financial Services Group
Pennsylvania
$280K -$10.6K -812 -3%
DC
53
Davenport & Co
Virginia
$272K – – –
NCM
54
Newgate Capital Management
Connecticut
$271K -$527K -40,242 -64%
Royal Bank of Canada
55
Royal Bank of Canada
Ontario, Canada
$270K -$23K -1,760 -7%
M&T Bank
56
M&T Bank
New York
$254K – – –
BFA
57
Benedict Financial Advisors
Georgia
$254K +$18.2K +1,390 +7%
JFA
58
JNBA Financial Advisors
Minnesota
$250K +$30.8K +2,351 +13%
JC
59
JBF Capital
Colorado
$244K +$262K +20,000 New
CAN
60
Cetera Advisor Networks
California
$226K +$43.6K +3,334 +22%
NPC
61
National Planning Corporation
California
$201K – – –
SCA
62
Salient Capital Advisors
Texas
$187K – – –
SMC
63
Smith, Moore & Co
Missouri
$182K -$17.9K -1,370 -8%
FIMG
64
Financial & Investment Management Group
Michigan
$179K -$190K -14,550 -50%
FHB
65
First Hawaiian Bank
Hawaii
$177K – – –
UCFA
66
United Capital Financial Advisors
Texas
$166K -$10.9K -830 -6%
SSB
67
Sandy Spring Bank
Maryland
$163K -$35K -2,677 -17%
BC
68
Bartlett & Co
Ohio
$159K – – –
IAMOG
69
Investors Asset Management of Georgia
Georgia
$146K -$13.1K -1,000 -8%
RJT
70
Raymond James Trust
Florida
$134K – – –
SI
71
SII Investments
Wisconsin
$128K +$62.3K +4,758 +81%
AWE
72
Avidian Wealth Enterprises
Texas
$112K -$8.82K -674 -7%
Creative Planning
73
Creative Planning
Kansas
$107K +$115K +8,750 New
CWM
74
Concert Wealth Management
California
$106K -$3.6K -275 -3%
PAG
75
Private Advisor Group
New Jersey
$101K +$108K +8,280 New
1 2
3
4 5

SABA Hedge Fund Activity: Q3 2015 in Review

122 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2015, worth a combined $134M — down 8.3% from $147M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of SABA and 9 opened new positions — a net loss of 1 holder — while 39 trimmed existing stakes and 28 added.

The largest buyer was Private Management Group, adding an estimated $11.1M. The largest seller was Morgan Stanley, cutting an estimated $3.72M.

  • 122 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2015, down from 125 in Q2 2015.
  • Funds reported $134M of Saba Capital Income & Opportunities Fund II stock for Q3 2015, down 8.3% quarter-over-quarter.
  • 9 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2015 and 10 closed out, a net change of -1 holder.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2015 was Private Management Group, an estimated $11.1M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2015 was Morgan Stanley, an estimated $3.72M sold.

Based on aggregated 13F filings for Q3 2015.