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SABA

Saba Capital Income & Opportunities Fund II
SABA

97 hedge funds and large institutions have $275M invested in Saba Capital Income & Opportunities Fund II in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 27 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

4% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 27

2% more capital invested

Capital invested by funds: $268M → $275M (+$6.41M)

0.24% more ownership

Funds ownership: 30.18% → 30.41% (+0.24%)

4% less funds holding

Funds holding: 101 → 97 (-4)

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

Holders
97
Holders Change
-4
Holders Change %
-3.96%
% of All Funds
1.55%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
12
Increased
28
Reduced
27
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
IA
Icon Advisers
Colorado
+$7.44M
2
COLIM
City of London Investment Management
United Kingdom
+$1.31M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$1.06M
4
Invesco
Invesco
Georgia
+$780K
5
AW
Atlas Wealth
Ohio
+$316K

Top Sellers

1
BI
Bulldog Investors
New Jersey
-$4.77M
2
AC
Almitas Capital
California
-$1.79M
3
Ameriprise
Ameriprise
Minnesota
-$928K
4
Morgan Stanley
Morgan Stanley
New York
-$924K
5
AW
Avion Wealth
Texas
-$351K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
51
Private Advisor Group
New Jersey
$101K +$12.9K +1,487 +15%
HSA
52
HBK Sorce Advisory
Pennsylvania
$96.6K -$94.5K -10,904 -50%
FCCM
53
First City Capital Management
Georgia
$90.4K – – –
RJFSA
54
Raymond James Financial Services Advisors
Florida
$75.4K +$20.1K +2,318 +37%
WFAG
55
Wescott Financial Advisory Group
Pennsylvania
$74.9K +$1.57K +181 +2%
NA
56
NewEdge Advisors
Louisiana
$71.4K -$7.8K -900 -10%
Truist Financial
57
Truist Financial
North Carolina
$68.6K – – –
LCM
58
Landscape Capital Management
New Jersey
$62.9K -$134K -15,493 -68%
HL
59
HeadInvest LLC
Maine
$62.5K – – –
HighTower Advisors
60
HighTower Advisors
Illinois
$54K +$52.1K +6,009 New
PHS
61
Pekin Hardy Strauss
Illinois
$52.9K – – –
ClearBridge Investments
62
ClearBridge Investments
New York
$48.4K – – –
IWC
63
Integrated Wealth Concepts
Massachusetts
$47K – – –
ACI
64
Alpha Cubed Investments
California
$46.4K +$45.7K +5,275 New
NSIM
65
North Star Investment Management
Illinois
$45.3K +$2.03K +234 +5%
Mercer Global Advisors
66
Mercer Global Advisors
Colorado
$45K -$54K -6,229 -55%
AF
67
Allworth Financial
California
$43K – – –
CCP
68
Carmel Capital Partners
California
$37.5K +$36.9K +4,261 New
ASN
69
Advisory Services Network
Georgia
$23.1K +$61 +7 +0.3%
Bank of America
70
Bank of America
North Carolina
$20.9K -$22.7K -2,615 -52%
AWM
71
Accel Wealth Management
Iowa
$20.8K +$433 +50 +2%
SWM
72
Spire Wealth Management
Virginia
$20.1K +$355 +41 +2%
AA
73
Ancora Advisors
Ohio
$14.6K +$14.4K +1,657 New
BA
74
Bellwether Advisors
Nebraska
$14.4K – – –
IRC
75
Investors Research Corp
Georgia
$11.8K – – –
1 2
3
4 5

SABA Hedge Fund Activity: Q1 2023 in Review

97 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2023, worth a combined $275M — up 2.4% from $268M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of SABA and 12 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 28 added.

The largest buyer was Icon Advisers, adding an estimated $7.44M. The largest seller was Bulldog Investors, exiting entirely with an estimated $4.77M sold.

  • 97 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2023, down from 101 in Q4 2022.
  • Funds reported $275M of Saba Capital Income & Opportunities Fund II stock for Q1 2023, up 2.4% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2023 and 14 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2023 was Icon Advisers, an estimated $7.44M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q1 2023 was Bulldog Investors, an estimated $4.77M sold.

Based on aggregated 13F filings for Q1 2023.