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SABA

Saba Capital Income & Opportunities Fund II
SABA

138 hedge funds and large institutions have $297M invested in Saba Capital Income & Opportunities Fund II in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 3 → 6 (+3)

23% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 13

22% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 36

11% more capital invested

Capital invested by funds: $268M → $297M (+$29.6M)

1% more funds holding

Funds holding: 136 → 138 (+2)

1.27% more ownership

Funds ownership: 14.04% → 15.31% (+1.3%)

Holders
138
Holders Change
+2
Holders Change %
+1.47%
% of All Funds
3.16%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.14%
New
16
Increased
44
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NWM
Nicola Wealth Management
British Columbia, Canada
+$12.6M
2
RCM
Rivernorth Capital Management
Florida
+$3.35M
3
CRC
Curi RMB Capital
Illinois
+$2.59M
4
Stifel Financial
Stifel Financial
Missouri
+$1.38M
5
Wells Fargo
Wells Fargo
California
+$1.38M

Top Sellers

1
GAM
Gould Asset Management
California
-$1.99M
2
AA
Altman Advisors
Illinois
-$1.81M
3
PMG
Private Management Group
California
-$845K
4
ECM
Elgethun Capital Management
South Dakota
-$597K
5
SCM
Saba Capital Management
New York
-$514K
Name Holding Trade Value Shares
Change 		Change in
Stake
SMC
51
Smith, Moore & Co
Missouri
$487K +$42.9K +3,401 +9%
MC
52
Matisse Capital
Oregon
$470K -$295K -23,356 -38%
MHIC
53
Marble Harbor Investment Counsel
Massachusetts
$451K – – –
SJIC
54
St. James Investment Company
Texas
$334K -$186K -14,742 -35%
TW
55
Transform Wealth
Colorado
$334K -$63.1K -5,000 -16%
DA
56
Doliver Advisors
Texas
$332K +$52.8K +4,180 +18%
HL
57
HeadInvest LLC
Maine
$323K – – –
WKWM
58
Walter & Keenan Wealth Management
Indiana
$310K – – –
PCM
59
PenderFund Capital Management
British Columbia, Canada
$307K – – –
LPL Financial
60
LPL Financial
California
$306K +$20.4K +1,612 +7%
Citigroup
61
Citigroup
New York
$299K +$109K +8,598 +55%
IA
62
IFG Advisory
Georgia
$281K +$77.6K +6,150 +37%
Millennium Management
63
Millennium Management
New York
$279K +$45.1K +3,574 +19%
BFA
64
Benedict Financial Advisors
Georgia
$278K +$1.87K +148 +0.7%
SRC
65
Shufro Rose & Co
New York
$273K – – –
SPIA
66
Steward Partners Investment Advisory
New York
$271K – – –
OC
67
Oarsman Capital
Wisconsin
$268K -$78.6K -6,225 -22%
APSP
68
Asset Planning Services (Pennsylvania)
Pennsylvania
$261K +$4.25K +337 +2%
RJFSA
69
Raymond James Financial Services Advisors
Florida
$252K +$77.6K +6,144 +43%
Walleye Trading
70
Walleye Trading
New York
$251K +$9.47K +750 +4%
PNC Financial Services Group
71
PNC Financial Services Group
Pennsylvania
$248K -$105K -8,328 -29%
M&T Bank
72
M&T Bank
New York
$231K +$88 +7 +0%
AWA
73
Arete Wealth Advisors
Illinois
$226K +$156K +12,341 +205%
Fiera Capital (Canada)
74
Fiera Capital (Canada)
Quebec, Canada
$221K +$21.6K +1,712 +11%
CFA
75
Cahill Financial Advisors
Minnesota
$215K +$38.6K +3,056 +21%
1 2
3
4 5

SABA Hedge Fund Activity: Q2 2018 in Review

138 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2018, worth a combined $297M — up 11% from $268M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SABA positions and 13 closed out — a net gain of 3 holders — while 44 added to existing stakes and 36 trimmed.

The largest buyer was Nicola Wealth Management, opening a new position worth an estimated $12.6M. The largest seller was Gould Asset Management, cutting an estimated $1.99M.

  • 138 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2018, up from 136 in Q1 2018.
  • Funds reported $297M of Saba Capital Income & Opportunities Fund II stock for Q2 2018, up 11% quarter-over-quarter.
  • 16 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2018 and 13 closed out, a net change of +3 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2018 was Nicola Wealth Management, an estimated $12.6M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2018 was Gould Asset Management, an estimated $1.99M sold.

Based on aggregated 13F filings for Q2 2018.