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SABA

Saba Capital Income & Opportunities Fund II
SABA

130 hedge funds and large institutions have $170M invested in Saba Capital Income & Opportunities Fund II in 2015 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 32 increasing their positions, 41 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 11

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

26% more capital invested

Capital invested by funds: $134M → $170M (+$35.6M)

7% more funds holding

Funds holding: 122 → 130 (+8)

1.78% more ownership

Funds ownership: 8.2% → 9.98% (+1.8%)

22% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 41

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $6K

Holders
130
Holders Change
+8
Holders Change %
+6.56%
% of All Funds
3.41%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
20
Increased
32
Reduced
41
Closed
11
Calls
–
Puts
$6K
Net Calls
-$6K
Net Calls Change
-$6K

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$4.94M
2
LPL Financial
LPL Financial
California
+$4.88M
3
PHS
Pekin Hardy Strauss
Illinois
+$4.01M
4
AssetMark Inc
AssetMark Inc
California
+$3.58M
5
1CP
1607 Capital Partners
Virginia
+$3.18M

Top Sellers

1
DA
Doliver Advisors
Texas
-$2.53M
2
NHFG
New Harbor Financial Group
Massachusetts
-$1.52M
3
Morgan Stanley
Morgan Stanley
New York
-$1.32M
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$527K
5
SFS
Shaker Financial Services
Virginia
-$479K
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
126
Trust Company
Kansas
$3.17K – – –
NSIM
127
North Star Investment Management
Illinois
$3K – – –
TRCT
128
Tower Research Capital (TRC)
New York
$3K +$2.99K +233 New
DOA
129
D'Orazio & Associates
Virginia
$1K -$5.14K -400 -78%
SFS
130
Shaker Financial Services
Virginia
– -$479K -39,299 Closed
CRC
131
Curi RMB Capital
Illinois
– -$357K -29,333 Closed
FFA
132
Fragasso Financial Advisors
Pennsylvania
– -$319K -26,233 Closed
SCA
133
Salient Capital Advisors
Texas
– -$187K -15,360 Closed
SI
134
SII Investments
Wisconsin
– -$128K -10,635 Closed
WT
135
Whittier Trust
California
– -$74K -6,058 Closed
VFS
136
VSR Financial Services
Kansas
– -$70K -5,714 Closed
LFR
137
Lehman Financial Resources
Pennsylvania
– -$38K -3,125 Closed
RFA
138
Reilly Financial Advisors
California
– -$6.42K -500 Closed
PG
139
Patten Group
Tennessee
– -$3.65K -300 Closed
2 3 4 5
6

SABA Hedge Fund Activity: Q4 2015 in Review

130 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2015, worth a combined $170M — up 26% from $134M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new SABA positions and 11 closed out — a net gain of 9 holders — while 32 added to existing stakes and 41 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.94M. The largest seller was Doliver Advisors, cutting an estimated $2.53M.

  • 130 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2015, up from 122 in Q3 2015.
  • Funds reported $170M of Saba Capital Income & Opportunities Fund II stock for Q4 2015, up 26% quarter-over-quarter.
  • 20 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2015 and 11 closed out, a net change of +9 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2015 was Rivernorth Capital Management, an estimated $4.94M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q4 2015 was Doliver Advisors, an estimated $2.53M sold.

Based on aggregated 13F filings for Q4 2015.