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SABA

Saba Capital Income & Opportunities Fund II
SABA

119 hedge funds and large institutions have $162M invested in Saba Capital Income & Opportunities Fund II in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 33

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.35% less ownership

Funds ownership: 8% → 7.65% (-0.35%)

5% less funds holding

Funds holding: 125 → 119 (-6)

8% less capital invested

Capital invested by funds: $177M → $162M (-$14.7M)

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Holders
119
Holders Change
-6
Holders Change %
-4.8%
% of All Funds
3.45%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.15%
New
3
Increased
41
Reduced
33
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$539K
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$502K
3
Bank of America
Bank of America
North Carolina
+$448K
4
RCM
Robinson Capital Management
Michigan
+$353K
5
Barclays
Barclays
United Kingdom
+$351K

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$2.92M
2
EHC
Everett Harris & Co
California
-$2.81M
3
U
UBS
Switzerland
-$895K
4
Stifel Financial
Stifel Financial
Missouri
-$695K
5
BL
BCWM LLC
Kansas
-$660K
Name Holding Trade Value Shares
Change 		Change in
Stake
HDIM
101
Hanson & Doremus Investment Management
Vermont
$12K – – –
BRWM
102
B. Riley Wealth Management
Tennessee
$10K -$2.44K -152 -60%
CFN
103
Cordasco Financial Network
Florida
$10K – – –
TSW
104
Thompson Siegel & Walmsley
Virginia
$10K – – –
MPWT
105
MassMutual Private Wealth & Trust
Connecticut
$8.82K – – –
DOA
106
D'Orazio & Associates
Virginia
$8K -$20.1K -1,250 -71%
OIA
107
Optimum Investment Advisors
Illinois
$8K – – –
RFA
108
Reilly Financial Advisors
California
$8K – – –
BCI
109
Brinker Capital Investments
Pennsylvania
$7K +$1.22K +76 +23%
AIG
110
American International Group
New York
$6.03K -$12.6K -784 -67%
ACS
111
Archford Capital Strategies
Illinois
$6K – – –
HCM
112
Horrell Capital Management
Arkansas
$6K – – –
WTB
113
Washington Trust Bank
Washington
$6K – – –
DSC
114
Duncker Streett & Co
Missouri
$6K +$5.62K +350 New
BL
115
BCWM LLC
Kansas
$5.57K -$660K -41,110 -54%
DAM
116
Delta Asset Management
Tennessee
$5K – – –
PTC
117
Private Trust Company
Ohio
$5K – – –
1IC
118
1919 Investment Counsel
Maryland
$4K -$10K -625 -73%
NSIM
119
North Star Investment Management
Illinois
$3K – – –
BNP Paribas Financial Markets
120
BNP Paribas Financial Markets
France
– -$458K -27,700 Closed
SCM
121
Saba Capital Management
New York
– -$426K -25,773 Closed
DA
122
Doliver Advisors
Texas
– -$229K -13,843 Closed
Millennium Management
123
Millennium Management
New York
– -$218K -13,200 Closed
CCB
124
Cutter & Co Brokerage
Missouri
– -$200K -12,097 Closed
CA
125
Cornerstone Advisors
North Carolina
– -$185K -11,200 Closed
2 3 4
5
6

SABA Hedge Fund Activity: Q3 2014 in Review

119 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2014, worth a combined $162M — down 8.3% from $177M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of SABA and 3 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 41 added.

The largest buyer was AQR Capital Management, adding an estimated $539K. The largest seller was Rivernorth Capital Management, cutting an estimated $2.92M.

  • 119 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2014, down from 125 in Q2 2014.
  • Funds reported $162M of Saba Capital Income & Opportunities Fund II stock for Q3 2014, down 8.3% quarter-over-quarter.
  • 3 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2014 and 9 closed out, a net change of -6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2014 was AQR Capital Management, an estimated $539K added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2014 was Rivernorth Capital Management, an estimated $2.92M sold.

Based on aggregated 13F filings for Q3 2014.