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SABA

Saba Capital Income & Opportunities Fund II
SABA

127 hedge funds and large institutions have $212M invested in Saba Capital Income & Opportunities Fund II in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 34

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

4% more capital invested

Capital invested by funds: $204M → $212M (+$8.17M)

0.29% more ownership

Funds ownership: 11.47% → 11.76% (+0.29%)

3% less funds holding

Funds holding: 131 → 127 (-4)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

Holders
127
Holders Change
-4
Holders Change %
-3.05%
% of All Funds
3.17%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.12%
New
10
Increased
44
Reduced
34
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NSIM
North Star Investment Management
Illinois
+$4.52M
2
Morgan Stanley
Morgan Stanley
New York
+$3.34M
3
GS
Girard Securities
California
+$2.93M
4
FIMG
Financial & Investment Management Group
Michigan
+$2.75M
5
WMG
WESCAP Management Group
California
+$2.59M

Top Sellers

1
FIM
Frontier Investment Management
Texas
-$3.18M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$2.22M
3
SFS
Shaker Financial Services
Virginia
-$2.13M
4
CRC
Curi RMB Capital
Illinois
-$1.95M
5
RCM
Rivernorth Capital Management
Florida
-$1.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
101
Allworth Financial
California
$66K – – –
BC
102
Bartlett & Co
Ohio
$63K – – –
CCM
103
Cribstone Capital Management
Maine
$62K – – –
SIC
104
Salem Investment Counselors
North Carolina
$47K +$46.6K +3,500 New
ASN
105
Advisory Services Network
Georgia
$38K +$8.76K +658 +31%
CFD
106
Creative Financial Designs
Indiana
$33K +$10.7K +804 +49%
AB
107
AT Bancorp
Iowa
$29K +$28.5K +2,145 New
GI
108
Gradient Investments
Minnesota
$27K – – –
IF
109
Ironwood Financial
Arizona
$24K – – –
TCM
110
Tradewinds Capital Management
Washington
$23K – – –
PCM
111
Penserra Capital Management
California
$23K +$2.06K +155 +10%
Citigroup
112
Citigroup
New York
$20K +$10.6K +800 +115%
ECM
113
Exchange Capital Management
Michigan
$18K – – –
AssetMark Inc
114
AssetMark Inc
California
$16K -$131K -9,827 -89%
FIB
115
First Interstate Bank
Montana
$16K – – –
TSW
116
Thompson Siegel & Walmsley
Virginia
$9K – – –
VWA
117
V Wealth Advisors
Kansas
$7K +$6.65K +500 New
Manulife (Manufacturers Life Insurance)
118
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$5K -$1.86K -140 -29%
DSC
119
Duncker Streett & Co
Missouri
$5K – – –
EWM
120
Endurance Wealth Management
Rhode Island
$5K – – –
HNB
121
Huntington National Bank
Ohio
$5K – – –
SWA
122
Sutton Wealth Advisors
Florida
$4.66K – – –
DAM
123
Delta Asset Management
Tennessee
$4K – – –
PFGIA
124
Patriot Financial Group Insurance Agency
Massachusetts
$3K +$2.69K +202 New
AOWM
125
Alpha Omega Wealth Management
Virginia
$2K – – –
2 3 4
5
6

SABA Hedge Fund Activity: Q2 2017 in Review

127 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2017, worth a combined $212M — up 4% from $204M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of SABA and 10 opened new positions — a net loss of 2 holders — while 34 trimmed existing stakes and 44 added.

The largest buyer was North Star Investment Management, opening a new position worth an estimated $4.52M. The largest seller was Frontier Investment Management, cutting an estimated $3.18M.

  • 127 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2017, down from 131 in Q1 2017.
  • Funds reported $212M of Saba Capital Income & Opportunities Fund II stock for Q2 2017, up 4% quarter-over-quarter.
  • 10 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2017 and 12 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2017 was North Star Investment Management, an estimated $4.52M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2017 was Frontier Investment Management, an estimated $3.18M sold.

Based on aggregated 13F filings for Q2 2017.