We are live on ! Find out more
SABA

Saba Capital Income & Opportunities Fund II
SABA

132 hedge funds and large institutions have $222M invested in Saba Capital Income & Opportunities Fund II in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 53 increasing their positions, 27 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 27

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.11% less ownership

Funds ownership: 15.14% → 15.03% (-0.11%)

6% less funds holding

Funds holding: 140 → 132 (-8)

21% less capital invested

Capital invested by funds: $281M → $222M (-$59M)

29% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 17

Holders
132
Holders Change
-8
Holders Change %
-5.71%
% of All Funds
2.87%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
12
Increased
53
Reduced
27
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
ECM
Evergreen Capital Management
Washington
+$20.5M
2
RCM
Rivernorth Capital Management
Florida
+$2.75M
3
Stifel Financial
Stifel Financial
Missouri
+$1.46M
4
FIM
Frontier Investment Management
Texas
+$1.44M
5
PPA
Parametric Portfolio Associates
Washington
+$1.23M

Top Sellers

1
NWM
Nicola Wealth Management
British Columbia, Canada
-$15.1M
2
Wells Fargo
Wells Fargo
California
-$10.6M
3
PMG
Private Management Group
California
-$5.61M
4
NSIM
North Star Investment Management
Illinois
-$2.61M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
51
Envestnet Asset Management
Illinois
$368K +$24.4K +1,930 +7%
SJIC
52
St. James Investment Company
Texas
$339K -$7.56K -598 -2%
Koshinski Asset Management
53
Koshinski Asset Management
Illinois
$314K – – –
RJFSA
54
Raymond James Financial Services Advisors
Florida
$301K +$49.4K +3,910 +20%
APSP
55
Asset Planning Services (Pennsylvania)
Pennsylvania
$280K +$2.34K +185 +0.8%
SPIA
56
Steward Partners Investment Advisory
New York
$276K -$4.74K -375 -2%
WMG
57
WESCAP Management Group
California
$272K +$25.2K +1,990 +10%
Fiera Capital (Canada)
58
Fiera Capital (Canada)
Quebec, Canada
$264K -$2.09M -165,455 -89%
Walleye Trading
59
Walleye Trading
New York
$254K +$20.2K +1,600 +9%
SRC
60
Shufro Rose & Co
New York
$251K – – –
AG
61
Advisor Group
Arizona
$245K +$153K +12,078 +167%
OC
62
Oarsman Capital
Wisconsin
$242K -$15.8K -1,250 -6%
M&T Bank
63
M&T Bank
New York
$240K +$215 +17 +0.1%
BFA
64
Benedict Financial Advisors
Georgia
$231K -$25.9K -2,046 -10%
CFA
65
Cahill Financial Advisors
Minnesota
$223K +$683 +54 +0.3%
GHAM
66
Gilman Hill Asset Management
Connecticut
$223K +$15.8K +1,250 +8%
Walleye Capital
67
Walleye Capital
New York
$218K +$216K +17,100 New
NL
68
NKCFO LLC
Illinois
$217K – – –
OA
69
Oxbow Advisors
Texas
$214K +$212K +16,802 New
WCG
70
Weaver Consulting Group
California
$190K – – –
BTS
71
BB&T Securities
Virginia
$184K +$183K +14,476 New
9WM
72
9258 Wealth Management
Ohio
$160K +$683 +54 +0.4%
FCCM
73
First City Capital Management
Georgia
$158K – – –
GA
74
GFS Advisors
Texas
$153K +$152K +12,000 New
Mercer Global Advisors
75
Mercer Global Advisors
Colorado
$151K +$150K +11,853 New
1 2
3
4 5

SABA Hedge Fund Activity: Q2 2019 in Review

132 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2019, worth a combined $222M — down 21% from $281M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of SABA and 12 opened new positions — a net loss of 5 holders — while 27 trimmed existing stakes and 53 added.

The largest buyer was Evergreen Capital Management, opening a new position worth an estimated $20.5M. The largest seller was Nicola Wealth Management, exiting entirely with an estimated $15.1M sold.

  • 132 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2019, down from 140 in Q1 2019.
  • Funds reported $222M of Saba Capital Income & Opportunities Fund II stock for Q2 2019, down 21% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2019 and 17 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2019 was Evergreen Capital Management, an estimated $20.5M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2019 was Nicola Wealth Management, an estimated $15.1M sold.

Based on aggregated 13F filings for Q2 2019.