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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$539K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$502K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$448K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$353K |
| 5 |
Barclays
London,
United Kingdom
|
+$351K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.92M |
| 2 |
EHC
Everett Harris & Co
Los Angeles,
California
|
-$2.81M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$895K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$695K |
| 5 |
BL
BCWM LLC
Overland Park,
Kansas
|
-$660K |
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.