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SABA

Saba Capital Income & Opportunities Fund II
SABA

148 hedge funds and large institutions have $220M invested in Saba Capital Income & Opportunities Fund II in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 39 increasing their positions, 54 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: 1 → 2 (+1)

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

0% more funds holding

Funds holding: 148 → 148 (0)

0.96% less ownership

Funds ownership: 16.3% → 15.34% (-0.96%)

18% less capital invested

Capital invested by funds: $268M → $220M (-$47.9M)

28% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 54

Holders
148
Holders Change
–
Holders Change %
0%
% of All Funds
3.26%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
18
Increased
39
Reduced
54
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$7.12M
2
1CP
1607 Capital Partners
Virginia
+$4.69M
3
PPA
Parametric Portfolio Associates
Washington
+$4.3M
4
Wells Fargo
Wells Fargo
California
+$1.48M
5
KWA
KCS Wealth Advisory
California
+$1.36M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$8.5M
2
Millennium Management
Millennium Management
New York
-$6.04M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$4.03M
4
MWM
Maltin Wealth Management
New Jersey
-$2.47M
5
OMC
Old Mission Capital
Illinois
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
51
Envestnet Asset Management
Illinois
$544K +$111K +9,430 +23%
6M
52
6 Meridian
Kansas
$475K -$772K -65,751 -60%
Citadel Advisors
53
Citadel Advisors
Florida
$462K +$507K +43,147 New
SMC
54
Smith, Moore & Co
Missouri
$458K +$52.7K +4,488 +12%
LNB
55
Ledyard National Bank
$433K – – –
AA
56
AQR Arbitrage
Connecticut
$429K +$472K +40,139 New
RPA
57
Rock Point Advisors
Vermont
$385K -$59.9K -5,100 -12%
Citigroup
58
Citigroup
New York
$365K +$114K +9,700 +40%
MHIC
59
Marble Harbor Investment Counsel
Massachusetts
$352K – – –
SRC
60
Shufro Rose & Co
New York
$337K +$61.7K +5,250 +20%
WANY
61
Wealthspire Advisors (New York)
New York
$291K +$320K +27,231 New
GC
62
Guggenheim Capital
Illinois
$288K -$11.5K -978 -4%
APSP
63
Asset Planning Services (Pennsylvania)
Pennsylvania
$241K +$1.37K +117 +0.5%
Walleye Trading
64
Walleye Trading
New York
$240K +$22.9K +1,950 +10%
FAAS
65
First Allied Advisory Services
California
$220K +$241K +20,547 New
SWM
66
Sculati Wealth Management
Michigan
$220K +$242K +20,575 New
Fiera Capital (Canada)
67
Fiera Capital (Canada)
Quebec, Canada
$216K -$148K -12,564 -38%
Koshinski Asset Management
68
Koshinski Asset Management
Illinois
$211K – – –
LCM
69
Landscape Capital Management
New Jersey
$202K -$1.31M -111,644 -86%
M&T Bank
70
M&T Bank
New York
$202K +$176 +15 +0.1%
P
71
&Partners
Tennessee
$201K +$15.3K +1,300 +7%
DIS
72
Diversified Investment Strategies
Louisiana
$190K +$100K +8,517 +92%
CFA
73
Cahill Financial Advisors
Minnesota
$186K +$599 +51 +0.3%
Barclays
74
Barclays
United Kingdom
$180K -$294K -25,000 -60%
RFN
75
RDA Financial Network
Iowa
$174K +$21.2K +1,802 +12%
1 2
3
4 5

SABA Hedge Fund Activity: Q1 2020 in Review

148 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2020, worth a combined $220M — down 18% from $268M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new SABA positions and 13 closed out — a net gain of 5 holders — while 39 added to existing stakes and 54 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.12M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.5M.

  • 148 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2020, unchanged from Q4 2019.
  • Funds reported $220M of Saba Capital Income & Opportunities Fund II stock for Q1 2020, down 18% quarter-over-quarter.
  • 18 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2020 and 13 closed out, a net change of +5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2020 was Saba Capital Management, an estimated $7.12M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q1 2020 was Rivernorth Capital Management, an estimated $8.5M sold.

Based on aggregated 13F filings for Q1 2020.