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SABA

Saba Capital Income & Opportunities Fund II
SABA

122 hedge funds and large institutions have $250M invested in Saba Capital Income & Opportunities Fund II in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 41 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $212M → $250M (+$38.1M)

14% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 36

0.62% more ownership

Funds ownership: 11.76% → 12.38% (+0.62%)

4% less funds holding

Funds holding: 127 → 122 (-5)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

Holders
122
Holders Change
-5
Holders Change %
-3.94%
% of All Funds
3.04%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
8
Increased
41
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$5.67M
2
NSIM
North Star Investment Management
Illinois
+$4.92M
3
JFA
JNBA Financial Advisors
Minnesota
+$1.78M
4
RJA
Raymond James & Associates
Florida
+$1.25M
5
FIM
Frontier Investment Management
Texas
+$1.24M

Top Sellers

1
FIMG
Financial & Investment Management Group
Michigan
-$4.91M
2
RCM
Rivernorth Capital Management
Florida
-$705K
3
DA
Doliver Advisors
Texas
-$698K
4
CFP
Cornerstone Financial Partners
North Carolina
-$479K
5
SRC
Shufro Rose & Co
New York
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
PHIMC
76
Private Harbour Investment Management & Counsel
Ohio
$188K -$84.1K -6,287 -31%
FCCM
77
First City Capital Management
Georgia
$167K -$13K -975 -7%
AG
78
Advisor Group
Arizona
$164K -$320K -23,960 -66%
NPC
79
National Planning Corporation
California
$136K -$8.69K -650 -6%
IAMOG
80
Investors Asset Management of Georgia
Georgia
$135K – – –
TC
81
Telemus Capital
Michigan
$129K – – –
CAN
82
Cetera Advisor Networks
California
$119K -$361 -27 -0.3%
FHA
83
Flagship Harbor Advisors
Massachusetts
$107K +$6.69K +500 +7%
PAG
84
Private Advisor Group
New Jersey
$92K +$227 +17 +0.2%
OIM
85
Orca Investment Management
Oregon
$86K – – –
William Blair & Company
86
William Blair & Company
Illinois
$86K +$85K +6,353 New
GHAM
87
Gilman Hill Asset Management
Connecticut
$84K – – –
US Bancorp
88
US Bancorp
Minnesota
$84K – – –
SFS
89
Sowell Financial Services
Arkansas
$83K – – –
WP
90
WealthSource Partners
California
$82K -$12K -895 -13%
MIC
91
Meridian Investment Counsel
California
$78K – – –
FPCG
92
Fort Pitt Capital Group
Pennsylvania
$76K +$8.36K +625 +13%
Creative Planning
93
Creative Planning
Kansas
$74K -$5.82K -435 -7%
ClearBridge Investments
94
ClearBridge Investments
New York
$74K – – –
WPW
95
Waldron Private Wealth
Pennsylvania
$73K – – –
EA
96
Edge Advisors
Georgia
$67K – – –
AF
97
Allworth Financial
California
$66K – – –
CCM
98
Cribstone Capital Management
Maine
$62K – – –
NFG
99
Next Financial Group
Texas
$59K -$8.69K -650 -13%
BC
100
Bartlett & Co
Ohio
$52K -$11.4K -850 -18%
2 3
4
5 6

SABA Hedge Fund Activity: Q3 2017 in Review

122 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2017, worth a combined $250M — up 18% from $212M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of SABA and 8 opened new positions — a net loss of 5 holders — while 36 trimmed existing stakes and 41 added.

The largest buyer was Wells Fargo, adding an estimated $5.67M. The largest seller was Financial & Investment Management Group, cutting an estimated $4.91M.

  • 122 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2017, down from 127 in Q2 2017.
  • Funds reported $250M of Saba Capital Income & Opportunities Fund II stock for Q3 2017, up 18% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2017 and 13 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2017 was Wells Fargo, an estimated $5.67M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2017 was Financial & Investment Management Group, an estimated $4.91M sold.

Based on aggregated 13F filings for Q3 2017.