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SABA

Saba Capital Income & Opportunities Fund II
SABA

136 hedge funds and large institutions have $268M invested in Saba Capital Income & Opportunities Fund II in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 46 increasing their positions, 32 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

44% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 32

3% more capital invested

Capital invested by funds: $259M → $268M (+$8.79M)

0.71% more ownership

Funds ownership: 13.33% → 14.04% (+0.71%)

3% less funds holding

Funds holding: 140 → 136 (-4)

15% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 20

Holders
136
Holders Change
-4
Holders Change %
-2.86%
% of All Funds
3.12%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
17
Increased
46
Reduced
32
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$6.55M
2
FIMG
Financial & Investment Management Group
Michigan
+$5.26M
3
Wells Fargo
Wells Fargo
California
+$4.65M
4
PHS
Pekin Hardy Strauss
Illinois
+$4.22M
5
RCM
Rivernorth Capital Management
Florida
+$1.88M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$2.53M
2
Geode Capital Management
Geode Capital Management
Massachusetts
-$1.45M
3
LCM
Landscape Capital Management
New Jersey
-$937K
4
AWA
Arete Wealth Advisors
Illinois
-$706K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$691K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
76
Raymond James Financial Services Advisors
Florida
$183K -$51.1K -3,983 -22%
Baird Financial Group
77
Baird Financial Group
Wisconsin
$176K -$17.8K -1,390 -9%
Creative Planning
78
Creative Planning
Kansas
$175K +$705 +55 +0.4%
FWIA
79
Fort Washington Investment Advisors
Ohio
$153K -$39.1K -3,050 -20%
UCFA
80
United Capital Financial Advisors
Texas
$152K +$28.8K +2,250 +23%
PHIMC
81
Private Harbour Investment Management & Counsel
Ohio
$149K – – –
AFA
82
Arlington Financial Advisors
California
$148K – – –
Goldman Sachs
83
Goldman Sachs
New York
$135K +$63.6K +4,959 +89%
CWM
84
Cornerstone Wealth Management
Missouri
$105K – – –
LSAG
85
Lake Street Advisors Group
New Hampshire
$100K -$163K -12,710 -62%
IAMOG
86
Investors Asset Management of Georgia
Georgia
$99K – – –
DC
87
Davenport & Co
Virginia
$95K -$83.3K -6,498 -47%
NMC
88
Nine Masts Capital
Hong Kong
$91K +$91K +7,100 New
AWM
89
Aries Wealth Management
Maine
$87K – – –
CWS
90
Cypress Wealth Services
California
$83K +$4.97K +388 +6%
OIM
91
Orca Investment Management
Oregon
$81K – – –
GHAM
92
Gilman Hill Asset Management
Connecticut
$80K – – –
SFS
93
Sowell Financial Services
Arkansas
$80K – – –
AWA
94
Arete Wealth Advisors
Illinois
$77K -$706K -55,058 -90%
AG
95
Advisor Group
Arizona
$74K -$140K -10,904 -65%
FHA
96
Flagship Harbor Advisors
Massachusetts
$72K -$12.2K -950 -14%
FPCG
97
Fort Pitt Capital Group
Pennsylvania
$72K – – –
ClearBridge Investments
98
ClearBridge Investments
New York
$70K – – –
LJAC
99
L.J. Altfest & Co
New York
$70K +$70.7K +5,515 New
WPW
100
Waldron Private Wealth
Pennsylvania
$69K +$69.8K +5,447 New
2 3
4
5 6

SABA Hedge Fund Activity: Q1 2018 in Review

136 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2018, worth a combined $268M — up 3.4% from $259M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of SABA and 17 opened new positions — a net loss of 3 holders — while 32 trimmed existing stakes and 46 added.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $6.55M. The largest seller was Morgan Stanley, cutting an estimated $2.53M.

  • 136 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2018, down from 140 in Q4 2017.
  • Funds reported $268M of Saba Capital Income & Opportunities Fund II stock for Q1 2018, up 3.4% quarter-over-quarter.
  • 17 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2018 and 20 closed out, a net change of -3 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2018 was Saba Capital Management, an estimated $6.55M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q1 2018 was Morgan Stanley, an estimated $2.53M sold.

Based on aggregated 13F filings for Q1 2018.