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SABA

Saba Capital Income & Opportunities Fund II
SABA

127 hedge funds and large institutions have $212M invested in Saba Capital Income & Opportunities Fund II in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 34

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

4% more capital invested

Capital invested by funds: $204M → $212M (+$8.17M)

0.29% more ownership

Funds ownership: 11.47% → 11.76% (+0.29%)

3% less funds holding

Funds holding: 131 → 127 (-4)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

Holders
127
Holders Change
-4
Holders Change %
-3.05%
% of All Funds
3.17%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.12%
New
10
Increased
44
Reduced
34
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NSIM
North Star Investment Management
Illinois
+$4.52M
2
Morgan Stanley
Morgan Stanley
New York
+$3.34M
3
GS
Girard Securities
California
+$2.93M
4
FIMG
Financial & Investment Management Group
Michigan
+$2.75M
5
WMG
WESCAP Management Group
California
+$2.59M

Top Sellers

1
FIM
Frontier Investment Management
Texas
-$3.18M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$2.22M
3
SFS
Shaker Financial Services
Virginia
-$2.13M
4
CRC
Curi RMB Capital
Illinois
-$1.95M
5
RCM
Rivernorth Capital Management
Florida
-$1.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
FCCM
76
First City Capital Management
Georgia
$180K – – –
SPC
77
Sigma Planning Corp
Michigan
$170K +$75.1K +5,646 +80%
NPC
78
National Planning Corporation
California
$143K -$1.37K -103 -1%
IAMOG
79
Investors Asset Management of Georgia
Georgia
$134K – – –
TC
80
Telemus Capital
Michigan
$129K – – –
CAN
81
Cetera Advisor Networks
California
$120K -$7.23K -543 -6%
TC
82
TFS Capital
Pennsylvania
$119K +$118K +8,880 New
Millennium Management
83
Millennium Management
New York
$117K -$246K -18,462 -68%
FHA
84
Flagship Harbor Advisors
Massachusetts
$100K +$5.99K +450 +6%
WP
85
WealthSource Partners
California
$94K -$7.35K -552 -7%
PAG
86
Private Advisor Group
New Jersey
$91K -$177K -13,264 -66%
FCBT
87
First Citizens Bank & Trust
North Carolina
$89K – – –
OIM
88
Orca Investment Management
Oregon
$85K – – –
GHAM
89
Gilman Hill Asset Management
Connecticut
$84K – – –
SFS
90
Sowell Financial Services
Arkansas
$83K -$20K -1,500 -19%
US Bancorp
91
US Bancorp
Minnesota
$83K – – –
Creative Planning
92
Creative Planning
Kansas
$80K +$67 +5 +0.1%
MIC
93
Meridian Investment Counsel
California
$77K – – –
ClearBridge Investments
94
ClearBridge Investments
New York
$74K +$39.9K +3,000 +120%
RCA
95
Rowland Carmichael Advisors
Arizona
$74K +$73.2K +5,500 New
WPW
96
Waldron Private Wealth
Pennsylvania
$73K – – –
DOA
97
D'Orazio & Associates
Virginia
$69K – – –
NFG
98
Next Financial Group
Texas
$68K – – –
EA
99
Edge Advisors
Georgia
$67K – – –
FPCG
100
Fort Pitt Capital Group
Pennsylvania
$67K – – –
2 3
4
5 6

SABA Hedge Fund Activity: Q2 2017 in Review

127 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2017, worth a combined $212M — up 4% from $204M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of SABA and 10 opened new positions — a net loss of 2 holders — while 34 trimmed existing stakes and 44 added.

The largest buyer was North Star Investment Management, opening a new position worth an estimated $4.52M. The largest seller was Frontier Investment Management, cutting an estimated $3.18M.

  • 127 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2017, down from 131 in Q1 2017.
  • Funds reported $212M of Saba Capital Income & Opportunities Fund II stock for Q2 2017, up 4% quarter-over-quarter.
  • 10 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2017 and 12 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2017 was North Star Investment Management, an estimated $4.52M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2017 was Frontier Investment Management, an estimated $3.18M sold.

Based on aggregated 13F filings for Q2 2017.