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SABA

Saba Capital Income & Opportunities Fund II
SABA

78 hedge funds and large institutions have $130M invested in Saba Capital Income & Opportunities Fund II in 2025 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $123M → $130M (+$7.45M)

4% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 23

0.24% more ownership

Funds ownership: 49.84% → 50.08% (+0.24%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less funds holding

Funds holding: 85 → 78 (-7)

42% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 12

Holders
78
Holders Change
-7
Holders Change %
-8.24%
% of All Funds
1.03%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
7
Increased
24
Reduced
23
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$2.23M
2
SC
Scotia Capital
Ontario, Canada
+$775K
3
AAM
Advisors Asset Management
Colorado
+$740K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$431K
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$429K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.14M
2
SCM
Saba Capital Management
New York
-$1.48M
3
CL
Choreo LLC
Illinois
-$768K
4
HF
HRT Financial
New York
-$224K
5
Citadel Advisors
Citadel Advisors
Florida
-$152K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
51
Janney Montgomery Scott
Pennsylvania
$118K – – –
HI
52
Harbour Investments
Wisconsin
$107K +$6.41K +741 +7%
TFF
53
The Family Firm
Maryland
$105K +$1.92K +222 +2%
CPIG
54
Chicago Partners Investment Group
Illinois
$96.1K -$4.59K -531 -5%
AHL
55
Abel Hall LLC
Louisiana
$91.9K +$86.5K +10,000 New
Royal Bank of Canada
56
Royal Bank of Canada
Ontario, Canada
$63K +$251 +29 +0.4%
QL
57
Quarry LP
New York
$49.6K +$46.6K +5,393 New
CA
58
Clearstead Advisors
Ohio
$46.3K – – –
AF
59
Allworth Financial
California
$44.9K – – –
JFA
60
JNBA Financial Advisors
Minnesota
$32K – – –
NSIM
61
North Star Investment Management
Illinois
$31.9K +$303 +35 +1%
Carson Wealth (CWM LLC)
62
Carson Wealth (CWM LLC)
Nebraska
$20K – – –
NCM
63
Northwest Capital Management
Oregon
$17.3K – – –
IRC
64
Investors Research Corp
Georgia
$12.3K – – –
FFWM
65
Future Financial Wealth Management
Ohio
$10.4K – – –
FFO
66
Fortitude Family Office
Arizona
$9.19K – – –
GWM
67
Geneos Wealth Management
Colorado
$6.79K -$26.8K -3,099 -81%
MWA
68
Medallion Wealth Advisors
Connecticut
$6.41K – – –
SIS
69
Sound Income Strategies
Florida
$4.59K – – –
PNC Financial Services Group
70
PNC Financial Services Group
Pennsylvania
$2.99K – – –
SWA
71
SOA Wealth Advisors
New York
$2.99K – – –
WA
72
WPG Advisers
Maryland
$2.88K -$1.56K -181 -37%
GC
73
Gould Capital
Washington
$2.76K – – –
AUB
74
Atlantic Union Bankshares
Virginia
$2.76K +$2.59K +300 New
S
75
SignatureFD
Georgia
$597 – – –
1 2
3
4

SABA Hedge Fund Activity: Q2 2025 in Review

78 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2025, worth a combined $130M — up 6.1% from $123M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of SABA and 7 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 24 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.23M. The largest seller was Morgan Stanley, cutting an estimated $2.14M.

  • 78 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2025, down from 85 in Q1 2025.
  • Funds reported $130M of Saba Capital Income & Opportunities Fund II stock for Q2 2025, up 6.1% quarter-over-quarter.
  • 7 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2025 and 12 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2025 was Rivernorth Capital Management, an estimated $2.23M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2025 was Morgan Stanley, an estimated $2.14M sold.

Based on aggregated 13F filings for Q2 2025.