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SABA

Saba Capital Income & Opportunities Fund II
SABA

125 hedge funds and large institutions have $177M invested in Saba Capital Income & Opportunities Fund II in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

54% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 28

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

9% more capital invested

Capital invested by funds: $163M → $177M (+$13.9M)

5% more funds holding

Funds holding: 119 → 125 (+6)

0.53% more ownership

Funds ownership: 7.47% → 8% (+0.53%)

Holders
125
Holders Change
+6
Holders Change %
+5.04%
% of All Funds
3.59%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.14%
New
14
Increased
43
Reduced
28
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$8.41M
2
Invesco
Invesco
Georgia
+$3.39M
3
Morgan Stanley
Morgan Stanley
New York
+$3.29M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$2.34M
5
NCM
Newgate Capital Management
Connecticut
+$2.16M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$9.95M
2
GLA
Great Lakes Advisors
Illinois
-$3.33M
3
IWC
Integrated Wealth Counsel
California
-$1.48M
4
EHC
Everett Harris & Co
California
-$913K
5
KFS
KMS Financial Services
Washington
-$250K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
76
Bank of New York Mellon
New York
$133K +$128K +8,050 New
BRWA
77
B. Riley Wealth Advisors
Florida
$130K -$59.8K -3,747 -32%
OIM
78
Orca Investment Management
Oregon
$130K – – –
FA
79
Financial Advantage
Maryland
$127K – – –
KeyBank National Association
80
KeyBank National Association
Ohio
$126K +$121K +7,604 New
VFS
81
VSR Financial Services
Kansas
$119K -$9.3K -583 -7%
VKH
82
Virtu KCG Holdings
New York
$118K -$33.3K -2,090 -23%
LCM
83
Landscape Capital Management
New Jersey
$105K -$86.2K -5,404 -46%
BPB
84
Badgley, Phelps & Bell
Washington
$102K +$98.8K +6,195 New
WT
85
Whittier Trust
California
$100K – – –
US Bancorp
86
US Bancorp
Minnesota
$84K -$45.5K -2,854 -36%
LTFS
87
Ladenburg Thalmann Financial Services
Florida
$74K -$144K -9,044 -67%
BC
88
Bartlett & Co
Ohio
$74K – – –
LNB
89
Ledyard National Bank
$68K – – –
JIC
90
Joel Isaacson & Co
New York
$53K – – –
LFR
91
Lehman Financial Resources
Pennsylvania
$52K – – –
WCAM
92
West Coast Asset Management
California
$49.6K +$47.8K +3,000 New
Creative Planning
93
Creative Planning
Kansas
$45K +$5.49K +344 +14%
ClearBridge Investments
94
ClearBridge Investments
New York
$41K – – –
Citigroup
95
Citigroup
New York
$38K +$4.91K +308 +15%
TFA
96
Transamerica Financial Advisors
Florida
$35K +$14.4K +900 +74%
GI
97
Gradient Investments
Minnesota
$34K – – –
DOA
98
D'Orazio & Associates
Virginia
$29K – – –
TCM
99
Tradewinds Capital Management
Washington
$28K – – –
WA
100
WFG Advisors
Texas
$23K +$207 +13 +0.9%
2 3
4
5 6

SABA Hedge Fund Activity: Q2 2014 in Review

125 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2014, worth a combined $177M — up 8.5% from $163M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SABA positions and 8 closed out — a net gain of 6 holders — while 43 added to existing stakes and 28 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $8.41M. The largest seller was Guggenheim Capital, cutting an estimated $9.95M.

  • 125 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2014, up from 119 in Q1 2014.
  • Funds reported $177M of Saba Capital Income & Opportunities Fund II stock for Q2 2014, up 8.5% quarter-over-quarter.
  • 14 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2014 and 8 closed out, a net change of +6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2014 was Rivernorth Capital Management, an estimated $8.41M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2014 was Guggenheim Capital, an estimated $9.95M sold.

Based on aggregated 13F filings for Q2 2014.