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SABA

Saba Capital Income & Opportunities Fund II
SABA

109 hedge funds and large institutions have $249M invested in Saba Capital Income & Opportunities Fund II in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 29 increasing their positions, 32 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

3% more funds holding

Funds holding: 106 → 109 (+3)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.53% less ownership

Funds ownership: 31.95% → 31.42% (-0.53%)

9% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 32

8% less capital invested

Capital invested by funds: $272M → $249M (-$23.1M)

Holders
109
Holders Change
+3
Holders Change %
+2.83%
% of All Funds
1.73%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
15
Increased
29
Reduced
32
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CCP
Clough Capital Partners
Massachusetts
+$6.29M
2
RCM
Rivernorth Capital Management
Florida
+$5.98M
3
WP
Woodline Partners
California
+$4.8M
4
BI
Bulldog Investors
New Jersey
+$2.85M
5
IA
Icon Advisers
Colorado
+$2.76M

Top Sellers

1
SCM
Saba Capital Management
New York
-$29.1M
2
Morgan Stanley
Morgan Stanley
New York
-$2.26M
3
NFG
Nations Financial Group
Iowa
-$384K
4
WCM
Whitener Capital Management
North Carolina
-$276K
5
AW
Atlas Wealth
Ohio
-$179K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWA
101
SOA Wealth Advisors
New York
$2.51K – – –
SSB
102
Sandy Spring Bank
Maryland
$2.32K – – –
GC
103
Gould Capital
Washington
$2.3K – – –
HGERS
104
Householder Group Estate & Retirement Specialist
Arizona
$1.64K +$1.75K +213 New
OLVIG
105
Oliver Lagore Vanvalin Investment Group
Michigan
$899 – – –
Citigroup
106
Citigroup
New York
$772 +$822 +100 New
S
107
SignatureFD
Georgia
$506 – – –
GI
108
Gradient Investments
Minnesota
$193 – – –
TRCT
109
Tower Research Capital (TRC)
New York
$89 – – –
AGM
110
Alpine Global Management
New York
– -$151K -18,244 Closed
Verition Fund Management
111
Verition Fund Management
Connecticut
– -$141K -17,000 Closed
XT
112
XTX Topco
Cayman Islands
– -$79.4K -9,594 Closed
RJFSA
113
Raymond James Financial Services Advisors
Florida
– -$66.7K -8,062 Closed
Citadel Advisors
114
Citadel Advisors
Florida
– -$64.2K -7,756 Closed
IC
115
IEQ Capital
California
– -$49.1K -5,934 Closed
Mercer Global Advisors
116
Mercer Global Advisors
Colorado
– -$45K -5,424 Closed
Northwestern Mutual Wealth Management
117
Northwestern Mutual Wealth Management
Wisconsin
– -$16.7K -2,022 Closed
EWA
118
EverSource Wealth Advisors
Alabama
– -$1.53K -186 Closed
WT
119
Washington Trust
Rhode Island
– -$770 -93 Closed
LFG
120
Larson Financial Group
Missouri
– -$41 -5 Closed
1 2 3 4
5

SABA Hedge Fund Activity: Q3 2023 in Review

109 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2023, worth a combined $249M — down 8.5% from $272M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SABA positions and 11 closed out — a net gain of 4 holders — while 29 added to existing stakes and 32 trimmed.

The largest buyer was Clough Capital Partners, opening a new position worth an estimated $6.29M. The largest seller was Saba Capital Management, cutting an estimated $29.1M.

  • 109 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2023, up from 106 in Q2 2023.
  • Funds reported $249M of Saba Capital Income & Opportunities Fund II stock for Q3 2023, down 8.5% quarter-over-quarter.
  • 15 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2023 and 11 closed out, a net change of +4 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2023 was Clough Capital Partners, an estimated $6.29M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2023 was Saba Capital Management, an estimated $29.1M sold.

Based on aggregated 13F filings for Q3 2023.