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SABA

Saba Capital Income & Opportunities Fund II
SABA

109 hedge funds and large institutions have $249M invested in Saba Capital Income & Opportunities Fund II in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 29 increasing their positions, 32 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

3% more funds holding

Funds holding: 106 → 109 (+3)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.53% less ownership

Funds ownership: 31.95% → 31.42% (-0.53%)

9% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 32

8% less capital invested

Capital invested by funds: $272M → $249M (-$23.1M)

Holders
109
Holders Change
+3
Holders Change %
+2.83%
% of All Funds
1.73%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
15
Increased
29
Reduced
32
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
+$6.29M
2
RCM
Rivernorth Capital Management
Florida
+$5.98M
3
WP
Woodline Partners
California
+$4.8M
4
BI
Bulldog Investors
New Jersey
+$2.85M
5
IA
Icon Advisers
Colorado
+$2.76M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$29.1M
2
Morgan Stanley
Morgan Stanley
New York
-$2.26M
3
NFG
Nations Financial Group
Iowa
-$384K
4
WCM
Whitener Capital Management
North Carolina
-$276K
5
AW
Atlas Wealth
Ohio
-$179K
Name Holding Trade Value Shares
Change 		Change in
Stake
Walleye Capital
76
Walleye Capital
New York
$39.8K -$159K -19,366 -79%
SEM
77
Suncoast Equity Management
Florida
$39.7K – – –
AF
78
Allworth Financial
California
$37.7K – – –
CCP
79
Carmel Capital Partners
California
$32.9K – – –
SWM
80
Spire Wealth Management
Virginia
$18.3K +$378 +46 +2%
Carson Wealth (CWM LLC)
81
Carson Wealth (CWM LLC)
Nebraska
$15K +$14.3K +1,735 +1,197%
NCM
82
Northwest Capital Management
Oregon
$14.5K +$15.4K +1,880 New
Bank of America
83
Bank of America
North Carolina
$13.3K -$5.34K -650 -27%
EC
84
Elequin Capital
New York
$13.1K +$10.2K +1,240 +273%
AA
85
Ancora Advisors
Ohio
$12.8K – – –
IRC
86
Investors Research Corp
Georgia
$10.3K – – –
CSPIA
87
Cary Street Partners Investment Advisory
Virginia
$8.49K +$9.04K +1,100 New
PWMG
88
Prestige Wealth Management Group
New Jersey
$7.72K – – –
SIC
89
Salem Investment Counselors
North Carolina
$7.72K – – –
IA
90
IFP Advisors
Florida
$7.72K +$6.98K +850 +567%
CAS
91
Coppell Advisory Solutions
Texas
$7.15K – – –
AW
92
Avion Wealth
Texas
$7K – – –
GJIA
93
Glass Jacobson Investment Advisors
Maryland
$6.56K – – –
SWM
94
Sugarloaf Wealth Management
Georgia
$5.97K – – –
DJSG
95
D.J. St. Germain
Massachusetts
$5.5K – – –
HCM
96
Highlander Capital Management
New Jersey
$5K +$5.75K +700 New
HIIFS
97
Harel Insurance Investments & Financial Services
Israel
$4K – – –
SIS
98
Sound Income Strategies
Florida
$3.86K – – –
JP Morgan Chase
99
JP Morgan Chase
New York
$3.6K +$3.84K +467 New
PNC Financial Services Group
100
PNC Financial Services Group
Pennsylvania
$2.51K -$3.1K -377 -54%
1 2 3
4
5

SABA Hedge Fund Activity: Q3 2023 in Review

109 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2023, worth a combined $249M — down 8.5% from $272M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SABA positions and 11 closed out — a net gain of 4 holders — while 29 added to existing stakes and 32 trimmed.

The largest buyer was Clough Capital Partners, opening a new position worth an estimated $6.29M. The largest seller was Saba Capital Management, cutting an estimated $29.1M.

  • 109 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2023, up from 106 in Q2 2023.
  • Funds reported $249M of Saba Capital Income & Opportunities Fund II stock for Q3 2023, down 8.5% quarter-over-quarter.
  • 15 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2023 and 11 closed out, a net change of +4 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2023 was Clough Capital Partners, an estimated $6.29M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2023 was Saba Capital Management, an estimated $29.1M sold.

Based on aggregated 13F filings for Q3 2023.