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SABA

Saba Capital Income & Opportunities Fund II
SABA

138 hedge funds and large institutions have $330M invested in Saba Capital Income & Opportunities Fund II in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 56 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.82% more ownership

Funds ownership: 21.32% → 23.14% (+1.8%)

5% more capital invested

Capital invested by funds: $315M → $330M (+$15M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

10% less funds holding

Funds holding: 153 → 138 (-15)

41% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 56

50% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 24

Holders
138
Holders Change
-15
Holders Change %
-9.8%
% of All Funds
2.42%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
33
Reduced
56
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$22.3M
2
PPA
Parametric Portfolio Associates
Washington
+$15.6M
3
SIA
Sit Investment Associates
Minnesota
+$10.6M
4
COLIM
City of London Investment Management
United Kingdom
+$6.35M
5
CSIC
Clifford Swan Investment Counsel
California
+$2.53M

Top Sellers

1
PCM
Penserra Capital Management
California
-$11.2M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$4.82M
3
VCM
Vivaldi Capital Management
Illinois
-$2.52M
4
BFS
Bard Financial Services
Connecticut
-$1.97M
5
Morgan Stanley
Morgan Stanley
New York
-$1.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
MHIC
51
Marble Harbor Investment Counsel
Massachusetts
$349K – – –
APSP
52
Asset Planning Services (Pennsylvania)
Pennsylvania
$344K +$2.98K +271 +0.8%
IAIM
53
International Assets Investment Management
Florida
$334K +$168K +15,274 +97%
Millennium Management
54
Millennium Management
New York
$328K +$340K +30,929 New
SRC
55
Shufro Rose & Co
New York
$321K -$13.8K -1,250 -4%
WMG
56
WESCAP Management Group
California
$319K -$13.1K -1,188 -4%
Susquehanna International Group
57
Susquehanna International Group
Pennsylvania
$316K +$260K +23,660 +391%
Citigroup
58
Citigroup
New York
$255K -$197K -17,875 -43%
SWM
59
Sculati Wealth Management
Michigan
$210K – – –
M&T Bank
60
M&T Bank
New York
$199K -$1.39K -126 -0.7%
Barclays
61
Barclays
United Kingdom
$196K – – –
Mercer Global Advisors
62
Mercer Global Advisors
Colorado
$191K +$80.4K +7,300 +69%
CFA
63
Cahill Financial Advisors
Minnesota
$176K -$5.27K -479 -3%
Truist Financial
64
Truist Financial
North Carolina
$173K – – –
KAS
65
Kestra Advisory Services
Texas
$172K -$5.63K -511 -3%
SPIA
66
Steward Partners Investment Advisory
New York
$163K – – –
GC
67
Guggenheim Capital
Illinois
$161K -$2.81K -255 -2%
QC
68
Quantedge Capital
Singapore
$158K -$831K -75,500 -84%
RFN
69
RDA Financial Network
Iowa
$155K -$2.05K -186 -1%
HI
70
Harbour Investments
Wisconsin
$152K +$158K +14,309 New
APWM
71
Atlas Private Wealth Management
New York
$149K -$339K -30,809 -69%
GHAM
72
Gilman Hill Asset Management
Connecticut
$146K +$41.3K +3,750 +38%
DIS
73
Diversified Investment Strategies
Louisiana
$137K -$23.8K -2,163 -14%
ICMP
74
Integrated Capital Management (Pennsylvania)
Pennsylvania
$136K +$23.7K +2,157 +20%
FCCM
75
First City Capital Management
Georgia
$135K – – –
1 2
3
4 5

SABA Hedge Fund Activity: Q1 2021 in Review

138 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2021, worth a combined $330M — up 4.8% from $315M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of SABA and 12 opened new positions — a net loss of 12 holders — while 56 trimmed existing stakes and 33 added.

The largest buyer was Saba Capital Management, adding an estimated $22.3M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $11.2M sold.

  • 138 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2021, down from 153 in Q4 2020.
  • Funds reported $330M of Saba Capital Income & Opportunities Fund II stock for Q1 2021, up 4.8% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2021 and 24 closed out, a net change of -12 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2021 was Saba Capital Management, an estimated $22.3M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q1 2021 was Penserra Capital Management, an estimated $11.2M sold.

Based on aggregated 13F filings for Q1 2021.