Saba Capital Income & Opportunities Fund II
SABA
128 hedge funds and large institutions have $179M invested in Saba Capital Income & Opportunities Fund II in 2016 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 46 reducing their positions, and 16 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
5% more capital invested
Capital invested by funds: $170M → $179M (+$9.07M)
0.23% more ownership
Funds ownership: 9.98% → 10.21% (+0.23%)
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
2% less funds holding
Funds holding: 130 → 128 (-2)
35% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 46
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $6K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$6.16M |
| 2 |
IWC
Integrated Wealth Counsel
Carmel,
California
|
+$5.32M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$2.13M |
| 4 |
CFP
Cornerstone Financial Partners
Huntersville,
North Carolina
|
+$2.01M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$4.59M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.46M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.42M |
| 4 |
NHFG
New Harbor Financial Group
Worcester,
Massachusetts
|
-$2.07M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.77M |
SABA Hedge Fund Activity: Q1 2016 in Review
128 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2016, worth a combined $179M — up 5.3% from $170M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SABA and 15 opened new positions — a net loss of 1 holder — while 46 trimmed existing stakes and 30 added.
The largest buyer was Financial & Investment Management Group, adding an estimated $6.16M. The largest seller was Baird Financial Group, cutting an estimated $4.59M.
- 128 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2016, down from 130 in Q4 2015.
- Funds reported $179M of Saba Capital Income & Opportunities Fund II stock for Q1 2016, up 5.3% quarter-over-quarter.
- 15 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2016 and 16 closed out, a net change of -1 holder.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2016 was Financial & Investment Management Group, an estimated $6.16M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q1 2016 was Baird Financial Group, an estimated $4.59M sold.
Based on aggregated 13F filings for Q1 2016.