Saba Capital Income & Opportunities Fund II
SABA
136 hedge funds and large institutions have $273M invested in Saba Capital Income & Opportunities Fund II in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 37 reducing their positions, and 16 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 37
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0.74% less ownership
Funds ownership: 15.31% → 14.57% (-0.74%)
1% less funds holding
Funds holding: 138 → 136 (-2)
8% less capital invested
Capital invested by funds: $297M → $273M (-$24.8M)
13% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$3.17M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.12M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.86M |
| 4 |
AA
Altman Advisors
Chicago,
Illinois
|
+$1.84M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$799K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFA
JNBA Financial Advisors
Bloomington,
Minnesota
|
-$6.66M |
| 2 |
SCM
Saba Capital Management
New York
|
-$5.77M |
| 3 |
WMG
WESCAP Management Group
Glendale,
California
|
-$4.01M |
| 4 |
RCM
RB Capital Management
Reno,
Nevada
|
-$3.02M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.52M |
SABA Hedge Fund Activity: Q3 2018 in Review
136 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2018, worth a combined $273M — down 8.3% from $297M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SABA and 14 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 46 added.
The largest buyer was Frontier Investment Management, adding an estimated $3.17M. The largest seller was JNBA Financial Advisors, exiting entirely with an estimated $6.66M sold.
- 136 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2018, down from 138 in Q2 2018.
- Funds reported $273M of Saba Capital Income & Opportunities Fund II stock for Q3 2018, down 8.3% quarter-over-quarter.
- 14 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2018 and 16 closed out, a net change of -2 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2018 was Frontier Investment Management, an estimated $3.17M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q3 2018 was JNBA Financial Advisors, an estimated $6.66M sold.
Based on aggregated 13F filings for Q3 2018.