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SABA

Saba Capital Income & Opportunities Fund II
SABA

128 hedge funds and large institutions have $179M invested in Saba Capital Income & Opportunities Fund II in 2016 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 46 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

5% more capital invested

Capital invested by funds: $170M → $179M (+$9.07M)

0.23% more ownership

Funds ownership: 9.98% → 10.21% (+0.23%)

6% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 16

2% less funds holding

Funds holding: 130 → 128 (-2)

35% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 46

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $6K

Holders
128
Holders Change
-2
Holders Change %
-1.54%
% of All Funds
3.41%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.13%
New
15
Increased
30
Reduced
46
Closed
16
Calls
–
Puts
$6K
Net Calls
-$6K
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
+$6.16M
2
IWC
Integrated Wealth Counsel
California
+$5.32M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.13M
4
CFP
Cornerstone Financial Partners
North Carolina
+$2.01M
5
1CP
1607 Capital Partners
Virginia
+$1.53M

Top Sellers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
-$4.59M
2
GC
Guggenheim Capital
Illinois
-$3.46M
3
RCM
Rivernorth Capital Management
Florida
-$2.42M
4
NHFG
New Harbor Financial Group
Massachusetts
-$2.07M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
51
Stratos Wealth Partners
Ohio
$330K +$830 +67 +0.3%
GC
52
Guggenheim Capital
Illinois
$325K -$3.46M -279,068 -92%
BFA
53
Benedict Financial Advisors
Georgia
$301K +$2.11K +170 +0.7%
OC
54
Oarsman Capital
Wisconsin
$296K +$2.48K +200 +0.9%
DC
55
Davenport & Co
Virginia
$289K – – –
PAG
56
Private Advisor Group
New Jersey
$287K +$143K +11,544 +110%
Stifel Financial
57
Stifel Financial
Missouri
$285K -$20.8K -1,678 -7%
WKWM
58
Walter & Keenan Wealth Management
Indiana
$284K -$37.2K -3,000 -12%
PNC Financial Services Group
59
PNC Financial Services Group
Pennsylvania
$283K -$1.55K -125 -0.6%
JFA
60
JNBA Financial Advisors
Minnesota
$268K – – –
JC
61
JBF Capital
Colorado
$261K – – –
M&T Bank
62
M&T Bank
New York
$249K – – –
SMC
63
Smith, Moore & Co
Missouri
$226K +$14.9K +1,205 +7%
CAN
64
Cetera Advisor Networks
California
$224K -$4.72K -381 -2%
NPC
65
National Planning Corporation
California
$223K -$119K -9,623 -36%
VKH
66
Virtu KCG Holdings
New York
$198K -$122K -9,849 -39%
FHB
67
First Hawaiian Bank
Hawaii
$189K – – –
BC
68
Bartlett & Co
Ohio
$186K -$13.6K -1,100 -7%
FCCM
69
First City Capital Management
Georgia
$175K – – –
IA
70
IFP Advisors
Florida
$171K -$33.4K -2,692 -16%
IAMOG
71
Investors Asset Management of Georgia
Georgia
$156K – – –
LWAC
72
Laurel Wealth Advisors (California)
California
$148K +$1.43K +115 +1%
GLA
73
Great Lakes Advisors
Illinois
$148K +$140K +11,321 New
Millennium Management
74
Millennium Management
New York
$137K +$130K +10,500 New
RJT
75
Raymond James Trust
Florida
$133K – – –
1 2
3
4 5

SABA Hedge Fund Activity: Q1 2016 in Review

128 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2016, worth a combined $179M — up 5.3% from $170M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of SABA and 15 opened new positions — a net loss of 1 holder — while 46 trimmed existing stakes and 30 added.

The largest buyer was Financial & Investment Management Group, adding an estimated $6.16M. The largest seller was Baird Financial Group, cutting an estimated $4.59M.

  • 128 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2016, down from 130 in Q4 2015.
  • Funds reported $179M of Saba Capital Income & Opportunities Fund II stock for Q1 2016, up 5.3% quarter-over-quarter.
  • 15 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2016 and 16 closed out, a net change of -1 holder.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2016 was Financial & Investment Management Group, an estimated $6.16M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q1 2016 was Baird Financial Group, an estimated $4.59M sold.

Based on aggregated 13F filings for Q1 2016.