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SABA

Saba Capital Income & Opportunities Fund II
SABA

122 hedge funds and large institutions have $250M invested in Saba Capital Income & Opportunities Fund II in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 41 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $212M → $250M (+$38.1M)

14% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 36

0.62% more ownership

Funds ownership: 11.76% → 12.38% (+0.62%)

4% less funds holding

Funds holding: 127 → 122 (-5)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

Holders
122
Holders Change
-5
Holders Change %
-3.94%
% of All Funds
3.04%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
8
Increased
41
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$5.67M
2
NSIM
North Star Investment Management
Illinois
+$4.92M
3
JFA
JNBA Financial Advisors
Minnesota
+$1.78M
4
RJA
Raymond James & Associates
Florida
+$1.25M
5
FIM
Frontier Investment Management
Texas
+$1.24M

Top Sellers

1
FIMG
Financial & Investment Management Group
Michigan
-$4.91M
2
RCM
Rivernorth Capital Management
Florida
-$705K
3
DA
Doliver Advisors
Texas
-$698K
4
CFP
Cornerstone Financial Partners
North Carolina
-$479K
5
SRC
Shufro Rose & Co
New York
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
MHIC
51
Marble Harbor Investment Counsel
Massachusetts
$495K – – –
SMC
52
Smith, Moore & Co
Missouri
$490K +$76.7K +5,735 +19%
Geode Capital Management
53
Geode Capital Management
Massachusetts
$473K +$125K +9,320 +36%
TW
54
Transform Wealth
Colorado
$462K -$22.5K -1,684 -5%
OC
55
Oarsman Capital
Wisconsin
$416K +$49.2K +3,677 +14%
Cohen & Steers
56
Cohen & Steers
New York
$415K – – –
Millennium Management
57
Millennium Management
New York
$394K +$274K +20,511 +236%
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$385K +$18K +1,348 +5%
HL
59
HeadInvest LLC
Maine
$350K – – –
Baird Financial Group
60
Baird Financial Group
Wisconsin
$343K -$81.9K -6,123 -19%
FWIA
61
Fort Washington Investment Advisors
Ohio
$342K +$31K +2,315 +10%
WKWM
62
Walter & Keenan Wealth Management
Indiana
$340K +$46.8K +3,500 +16%
SRC
63
Shufro Rose & Co
New York
$326K -$337K -25,200 Closed
CIBC Private Wealth Group
64
CIBC Private Wealth Group
Georgia
$324K +$321K +24,031 New
BFA
65
Benedict Financial Advisors
Georgia
$315K +$1.08K +81 +0.3%
SPIA
66
Steward Partners Investment Advisory
New York
$302K – – –
IA
67
IFP Advisors
Florida
$302K +$3.61K +270 +1%
APSP
68
Asset Planning Services (Pennsylvania)
Pennsylvania
$275K +$2.31K +173 +0.9%
ICOA
69
Investment Centers of America
North Dakota
$259K +$9.04K +676 +4%
DC
70
Davenport & Co
Virginia
$255K +$27 +2 +0%
M&T Bank
71
M&T Bank
New York
$254K +$562 +42 +0.2%
RJFSA
72
Raymond James Financial Services Advisors
Florida
$212K -$259K -19,348 -55%
Fiera Capital (Canada)
73
Fiera Capital (Canada)
Quebec, Canada
$206K – – –
UCFA
74
United Capital Financial Advisors
Texas
$203K -$48.9K -3,654 -20%
FHB
75
First Hawaiian Bank
Hawaii
$196K – – –
1 2
3
4 5

SABA Hedge Fund Activity: Q3 2017 in Review

122 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2017, worth a combined $250M — up 18% from $212M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of SABA and 8 opened new positions — a net loss of 5 holders — while 36 trimmed existing stakes and 41 added.

The largest buyer was Wells Fargo, adding an estimated $5.67M. The largest seller was Financial & Investment Management Group, cutting an estimated $4.91M.

  • 122 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2017, down from 127 in Q2 2017.
  • Funds reported $250M of Saba Capital Income & Opportunities Fund II stock for Q3 2017, up 18% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2017 and 13 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2017 was Wells Fargo, an estimated $5.67M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2017 was Financial & Investment Management Group, an estimated $4.91M sold.

Based on aggregated 13F filings for Q3 2017.