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SABA

Saba Capital Income & Opportunities Fund II
SABA

78 hedge funds and large institutions have $130M invested in Saba Capital Income & Opportunities Fund II in 2025 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $123M → $130M (+$7.45M)

4% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 23

0.24% more ownership

Funds ownership: 49.84% → 50.08% (+0.24%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less funds holding

Funds holding: 85 → 78 (-7)

42% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 12

Holders
78
Holders Change
-7
Holders Change %
-8.24%
% of All Funds
1.03%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
7
Increased
24
Reduced
23
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$2.23M
2
SC
Scotia Capital
Ontario, Canada
+$775K
3
AAM
Advisors Asset Management
Colorado
+$740K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$431K
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$429K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.14M
2
SCM
Saba Capital Management
New York
-$1.48M
3
CL
Choreo LLC
Illinois
-$768K
4
HF
HRT Financial
New York
-$224K
5
Citadel Advisors
Citadel Advisors
Florida
-$152K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
76
CoreCap Advisors
Michigan
$460 – – –
GEA
77
Glen Eagle Advisors
New Jersey
$432 +$9 +1 +2%
WC
78
Winmill & Co
New York
$156 – – –
HF
79
HRT Financial
New York
– -$224K -25,832 Closed
Citadel Advisors
80
Citadel Advisors
Florida
– -$152K -17,502 Closed
UPS
81
UHLMANN PRICE SECURITIES
Illinois
– -$117K -13,402 Closed
HWM
82
HB Wealth Management
Georgia
– -$109K -12,500 Closed
Commonwealth Equity Services
83
Commonwealth Equity Services
Massachusetts
– -$94K -10,755 Closed
US Bancorp
84
US Bancorp
Minnesota
– -$34.9K -4,007 Closed
GJIA
85
Glass Jacobson Investment Advisors
Maryland
– -$7.7K -850 Closed
GWM
86
Graybill Wealth Management
Illinois
– -$4.04K -464 Closed
RMP
87
Richards, Merrill & Peterson
Washington
– -$2.04K -234 Closed
Fifth Third Bancorp
88
Fifth Third Bancorp
Ohio
– -$1.61K -185 Closed
AssetMark Inc
89
AssetMark Inc
California
– -$748 -86 Closed
CCM
90
Coldstream Capital Management
Washington
– -$636 -73 Closed
1 2 3
4

SABA Hedge Fund Activity: Q2 2025 in Review

78 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2025, worth a combined $130M — up 6.1% from $123M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of SABA and 7 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 24 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.23M. The largest seller was Morgan Stanley, cutting an estimated $2.14M.

  • 78 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2025, down from 85 in Q1 2025.
  • Funds reported $130M of Saba Capital Income & Opportunities Fund II stock for Q2 2025, up 6.1% quarter-over-quarter.
  • 7 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2025 and 12 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2025 was Rivernorth Capital Management, an estimated $2.23M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2025 was Morgan Stanley, an estimated $2.14M sold.

Based on aggregated 13F filings for Q2 2025.