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SABA

Saba Capital Income & Opportunities Fund II
SABA

129 hedge funds and large institutions have $197M invested in Saba Capital Income & Opportunities Fund II in 2016 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

35% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 31

24% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 17

2% more funds holding

Funds holding: 127 → 129 (+2)

0.94% more ownership

Funds ownership: 10.39% → 11.33% (+0.94%)

21% less capital invested

Capital invested by funds: $248M → $197M (-$51M)

Holders
129
Holders Change
+2
Holders Change %
+1.57%
% of All Funds
3.23%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.15%
New
21
Increased
42
Reduced
31
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FIM
Frontier Investment Management
Texas
+$3.74M
2
LCM
Landscape Capital Management
New Jersey
+$3.3M
3
CFP
Cornerstone Financial Partners
North Carolina
+$2.95M
4
LCM
Laurion Capital Management
New York
+$2.36M
5
JFA
JNBA Financial Advisors
Minnesota
+$2.17M

Top Sellers

1
Barclays
Barclays
United Kingdom
-$2.33M
2
BFM
Boston Financial Management
Massachusetts
-$1.54M
3
UBS Group
UBS Group
Switzerland
-$1.53M
4
FIMG
Financial & Investment Management Group
Michigan
-$1.08M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$724K
Name Holding Trade Value Shares
Change 		Change in
Stake
MIC
101
Meridian Investment Counsel
California
$75K – – –
DOA
102
D'Orazio & Associates
Virginia
$66K +$63K +5,000 +4,425%
FPCG
103
Fort Pitt Capital Group
Pennsylvania
$65K – – –
SIG
104
Stanford Investment Group
California
$65K – – –
AF
105
Allworth Financial
California
$63K – – –
BC
106
Bartlett & Co
Ohio
$61K -$93.3K -7,400 -61%
CCM
107
Cribstone Capital Management
Maine
$60K -$9.11K -723 -14%
ClearBridge Investments
108
ClearBridge Investments
New York
$32K – – –
GI
109
Gradient Investments
Minnesota
$26K – – –
IF
110
Ironwood Financial
Arizona
$23K – – –
TCM
111
Tradewinds Capital Management
Washington
$22K – – –
CFD
112
Creative Financial Designs
Indiana
$21K +$20.8K +1,653 New
ECM
113
Exchange Capital Management
Michigan
$18K +$17.3K +1,373 New
FIB
114
First Interstate Bank
Montana
$15K – – –
BFEC
115
Benjamin F. Edwards & Company
Missouri
$14K +$13.1K +1,042 +9,473%
PCM
116
Penserra Capital Management
California
$13K +$1.19K +94 +10%
FNBT
117
FineMark National Bank & Trust
Florida
$10K +$9.6K +762 New
Citigroup
118
Citigroup
New York
$9K – – –
TSW
119
Thompson Siegel & Walmsley
Virginia
$8K – – –
GWM
120
Geneos Wealth Management
Colorado
$6K -$2.29K -182 -26%
DSC
121
Duncker Streett & Co
Missouri
$5K – – –
EWM
122
Endurance Wealth Management
Rhode Island
$5K – – –
HNB
123
Huntington National Bank
Ohio
$5K – – –
SWA
124
Sutton Wealth Advisors
Florida
$4.5K – – –
Manulife (Manufacturers Life Insurance)
125
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$4K -$2.34K -186 -36%
2 3 4
5
6

SABA Hedge Fund Activity: Q4 2016 in Review

129 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2016, worth a combined $197M — down 21% from $248M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new SABA positions and 17 closed out — a net gain of 4 holders — while 42 added to existing stakes and 31 trimmed.

The largest buyer was Frontier Investment Management, adding an estimated $3.74M. The largest seller was Barclays, exiting entirely with an estimated $2.33M sold.

  • 129 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2016, up from 127 in Q3 2016.
  • Funds reported $197M of Saba Capital Income & Opportunities Fund II stock for Q4 2016, down 21% quarter-over-quarter.
  • 21 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2016 and 17 closed out, a net change of +4 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2016 was Frontier Investment Management, an estimated $3.74M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q4 2016 was Barclays, an estimated $2.33M sold.

Based on aggregated 13F filings for Q4 2016.