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SABA

Saba Capital Income & Opportunities Fund II
SABA

128 hedge funds and large institutions have $179M invested in Saba Capital Income & Opportunities Fund II in 2016 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 46 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

5% more capital invested

Capital invested by funds: $170M → $179M (+$9.07M)

0.23% more ownership

Funds ownership: 9.98% → 10.21% (+0.23%)

6% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 16

2% less funds holding

Funds holding: 130 → 128 (-2)

35% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 46

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $6K

Holders
128
Holders Change
-2
Holders Change %
-1.54%
% of All Funds
3.41%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.13%
New
15
Increased
30
Reduced
46
Closed
16
Calls
–
Puts
$6K
Net Calls
-$6K
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
+$6.16M
2
IWC
Integrated Wealth Counsel
California
+$5.32M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.13M
4
CFP
Cornerstone Financial Partners
North Carolina
+$2.01M
5
1CP
1607 Capital Partners
Virginia
+$1.53M

Top Sellers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
-$4.59M
2
GC
Guggenheim Capital
Illinois
-$3.46M
3
RCM
Rivernorth Capital Management
Florida
-$2.42M
4
NHFG
New Harbor Financial Group
Massachusetts
-$2.07M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
HPWM
76
Highland Private Wealth Management
Washington
$131K -$52.7K -4,250 -30%
WS
77
Wedbush Securities
California
$126K +$48K +3,872 +67%
UCFA
78
United Capital Financial Advisors
Texas
$121K -$14K -1,133 -11%
AWE
79
Avidian Wealth Enterprises
Texas
$120K – – –
HCM
80
Hollencrest Capital Management
California
$106K -$18.6K -1,500 -15%
SI
81
SII Investments
Wisconsin
$106K +$101K +8,151 New
MFS
82
MSI Financial Services
Massachusetts
$102K -$21.9K -1,765 -18%
CWM
83
Concert Wealth Management
California
$101K -$5.08K -410 -5%
Creative Planning
84
Creative Planning
Kansas
$100K -$892 -72 -0.9%
FA
85
Financial Advantage
Maryland
$100K – – –
ICOA
86
Investment Centers of America
North Dakota
$96K +$15.2K +1,223 +20%
IWMPD
87
Integrated Wealth Management (Palm Desert)
California
$93K – – –
OIM
88
Orca Investment Management
Oregon
$83K – – –
GHAM
89
Gilman Hill Asset Management
Connecticut
$82K – – –
TC
90
TFS Capital
Pennsylvania
$77K +$73.2K +5,911 New
FAAS
91
First Allied Advisory Services
California
$75K -$17.6K -1,418 -20%
MIC
92
Meridian Investment Counsel
California
$75K -$3.72K -300 -5%
CCM
93
Cribstone Capital Management
Maine
$73K -$21.4K -1,726 -24%
KeyBank National Association
94
KeyBank National Association
Ohio
$67K – – –
Fiera Capital (Canada)
95
Fiera Capital (Canada)
Quebec, Canada
$67K +$64.1K +5,171 New
US Bancorp
96
US Bancorp
Minnesota
$66K – – –
SIG
97
Stanford Investment Group
California
$66K +$62.3K +5,025 New
EWA
98
Exencial Wealth Advisors
Oklahoma
$66K +$62.9K +5,080 New
NFG
99
Next Financial Group
Texas
$65K -$4.34K -350 -6%
FPCG
100
Fort Pitt Capital Group
Pennsylvania
$65K – – –
2 3
4
5 6

SABA Hedge Fund Activity: Q1 2016 in Review

128 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2016, worth a combined $179M — up 5.3% from $170M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of SABA and 15 opened new positions — a net loss of 1 holder — while 46 trimmed existing stakes and 30 added.

The largest buyer was Financial & Investment Management Group, adding an estimated $6.16M. The largest seller was Baird Financial Group, cutting an estimated $4.59M.

  • 128 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2016, down from 130 in Q4 2015.
  • Funds reported $179M of Saba Capital Income & Opportunities Fund II stock for Q1 2016, up 5.3% quarter-over-quarter.
  • 15 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2016 and 16 closed out, a net change of -1 holder.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2016 was Financial & Investment Management Group, an estimated $6.16M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q1 2016 was Baird Financial Group, an estimated $4.59M sold.

Based on aggregated 13F filings for Q1 2016.