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SABA

Saba Capital Income & Opportunities Fund II
SABA

131 hedge funds and large institutions have $172M invested in Saba Capital Income & Opportunities Fund II in 2016 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 43 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

2% more funds holding

Funds holding: 128 → 131 (+3)

0.15% less ownership

Funds ownership: 10.21% → 10.07% (-0.15%)

4% less capital invested

Capital invested by funds: $179M → $172M (-$6.71M)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

30% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 43

Holders
131
Holders Change
+3
Holders Change %
+2.34%
% of All Funds
3.5%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.11%
New
16
Increased
30
Reduced
43
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CFP
Cornerstone Financial Partners
North Carolina
+$2.05M
2
BFM
Boston Financial Management
Massachusetts
+$1.64M
3
SFS
Shaker Financial Services
Virginia
+$1.07M
4
Invesco
Invesco
Georgia
+$1.06M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$783K

Top Sellers

1
LPL Financial
LPL Financial
California
-$4.08M
2
NMC
Nine Masts Capital
Hong Kong
-$1.23M
3
AA
AQR Arbitrage
Connecticut
-$1.17M
4
LCM
Landscape Capital Management
New Jersey
-$953K
5
Wells Fargo
Wells Fargo
California
-$719K
Name Holding Trade Value Shares
Change 		Change in
Stake
IAMOG
76
Investors Asset Management of Georgia
Georgia
$153K – – –
CAN
77
Cetera Advisor Networks
California
$146K -$73.2K -5,683 -33%
RJT
78
Raymond James Trust
Florida
$130K – – –
HPWM
79
Highland Private Wealth Management
Washington
$128K – – –
WS
80
Wedbush Securities
California
$118K -$4.49K -349 -4%
Fiera Capital (Canada)
81
Fiera Capital (Canada)
Quebec, Canada
$116K +$50.8K +3,945 +76%
UCFA
82
United Capital Financial Advisors
Texas
$115K +$3.84K +298 +3%
Creative Planning
83
Creative Planning
Kansas
$111K +$13.5K +1,050 +14%
GLA
84
Great Lakes Advisors
Illinois
$107K -$37.3K -2,900 -26%
HCM
85
Hollencrest Capital Management
California
$104K – – –
MFS
86
MSI Financial Services
Massachusetts
$102K +$2.69K +209 +3%
CWM
87
Concert Wealth Management
California
$93K -$5.86K -455 -6%
IWMPD
88
Integrated Wealth Management (Palm Desert)
California
$91K – – –
WMG
89
WESCAP Management Group
California
$91K +$92.6K +7,192 New
AG
90
Advisor Group
Arizona
$88K +$90.5K +7,025 New
ICOA
91
Investment Centers of America
North Dakota
$82K -$12.1K -939 -13%
OIM
92
Orca Investment Management
Oregon
$81K – – –
Citadel Advisors
93
Citadel Advisors
Florida
$81K +$81.7K +6,345 New
GHAM
94
Gilman Hill Asset Management
Connecticut
$80K – – –
SI
95
SII Investments
Wisconsin
$77K -$28.9K -2,242 -28%
MIC
96
Meridian Investment Counsel
California
$73K – – –
CCM
97
Cribstone Capital Management
Maine
$68K -$3.22K -250 -4%
KeyBank National Association
98
KeyBank National Association
Ohio
$66K – – –
US Bancorp
99
US Bancorp
Minnesota
$65K – – –
FPCG
100
Fort Pitt Capital Group
Pennsylvania
$64K – – –
2 3
4
5 6

SABA Hedge Fund Activity: Q2 2016 in Review

131 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2016, worth a combined $172M — down 3.7% from $179M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SABA positions and 10 closed out — a net gain of 6 holders — while 30 added to existing stakes and 43 trimmed.

The largest buyer was Cornerstone Financial Partners, adding an estimated $2.05M. The largest seller was LPL Financial, cutting an estimated $4.08M.

  • 131 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2016, up from 128 in Q1 2016.
  • Funds reported $172M of Saba Capital Income & Opportunities Fund II stock for Q2 2016, down 3.7% quarter-over-quarter.
  • 16 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2016 and 10 closed out, a net change of +6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2016 was Cornerstone Financial Partners, an estimated $2.05M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2016 was LPL Financial, an estimated $4.08M sold.

Based on aggregated 13F filings for Q2 2016.