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SABA

Saba Capital Income & Opportunities Fund II
SABA

129 hedge funds and large institutions have $197M invested in Saba Capital Income & Opportunities Fund II in 2016 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

35% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 31

24% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 17

2% more funds holding

Funds holding: 127 → 129 (+2)

0.94% more ownership

Funds ownership: 10.39% → 11.33% (+0.94%)

21% less capital invested

Capital invested by funds: $248M → $197M (-$51M)

Holders
129
Holders Change
+2
Holders Change %
+1.57%
% of All Funds
3.23%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.15%
New
21
Increased
42
Reduced
31
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FIM
Frontier Investment Management
Texas
+$3.74M
2
LCM
Landscape Capital Management
New Jersey
+$3.3M
3
CFP
Cornerstone Financial Partners
North Carolina
+$2.95M
4
LCM
Laurion Capital Management
New York
+$2.36M
5
JFA
JNBA Financial Advisors
Minnesota
+$2.17M

Top Sellers

1
Barclays
Barclays
United Kingdom
-$2.33M
2
BFM
Boston Financial Management
Massachusetts
-$1.54M
3
UBS Group
UBS Group
Switzerland
-$1.53M
4
FIMG
Financial & Investment Management Group
Michigan
-$1.08M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$724K
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
51
Baird Financial Group
Wisconsin
$454K -$44K -3,489 -9%
CRC
52
Curi RMB Capital
Illinois
$404K -$153K -12,138 -28%
Cohen & Steers
53
Cohen & Steers
New York
$399K -$37.8K -3,003 -9%
SRC
54
Shufro Rose & Co
New York
$359K +$349K +27,700 New
SMC
55
Smith, Moore & Co
Missouri
$354K +$47.3K +3,754 +16%
HL
56
HeadInvest LLC
Maine
$352K -$4.41K -350 -1%
AA
57
AQR Arbitrage
Connecticut
$349K +$211K +16,738 +164%
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$344K +$34.4K +2,726 +11%
IA
59
IFP Advisors
Florida
$329K +$133K +10,582 +72%
Stifel Financial
60
Stifel Financial
Missouri
$295K -$34.7K -2,752 -11%
PHIMC
61
Private Harbour Investment Management & Counsel
Ohio
$292K -$54.5K -4,322 -16%
SPIA
62
Steward Partners Investment Advisory
New York
$291K +$283K +22,475 New
BFA
63
Benedict Financial Advisors
Georgia
$286K +$3.78K +300 +1%
WKWM
64
Walter & Keenan Wealth Management
Indiana
$282K – – –
ICOA
65
Investment Centers of America
North Dakota
$282K +$186K +14,767 +211%
JC
66
JBF Capital
Colorado
$259K – – –
DC
67
Davenport & Co
Virginia
$258K +$2.75K +218 +1%
M&T Bank
68
M&T Bank
New York
$248K – – –
RJFSA
69
Raymond James Financial Services Advisors
Florida
$244K +$416 +33 +0.2%
VKH
70
Virtu KCG Holdings
New York
$223K +$2.57K +204 +1%
WAM
71
Weiss Asset Management
Massachusetts
$214K +$208K +16,509 New
Squarepoint
72
Squarepoint
New York
$207K +$201K +15,950 New
1832 Asset Management
73
1832 Asset Management
Ontario, Canada
$198K +$192K +15,200 New
NPC
74
National Planning Corporation
California
$196K +$353 +28 +0.2%
FHB
75
First Hawaiian Bank
Hawaii
$188K – – –
1 2
3
4 5

SABA Hedge Fund Activity: Q4 2016 in Review

129 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2016, worth a combined $197M — down 21% from $248M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new SABA positions and 17 closed out — a net gain of 4 holders — while 42 added to existing stakes and 31 trimmed.

The largest buyer was Frontier Investment Management, adding an estimated $3.74M. The largest seller was Barclays, exiting entirely with an estimated $2.33M sold.

  • 129 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2016, up from 127 in Q3 2016.
  • Funds reported $197M of Saba Capital Income & Opportunities Fund II stock for Q4 2016, down 21% quarter-over-quarter.
  • 21 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2016 and 17 closed out, a net change of +4 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2016 was Frontier Investment Management, an estimated $3.74M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q4 2016 was Barclays, an estimated $2.33M sold.

Based on aggregated 13F filings for Q4 2016.