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SABA

Saba Capital Income & Opportunities Fund II
SABA

131 hedge funds and large institutions have $172M invested in Saba Capital Income & Opportunities Fund II in 2016 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 43 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

2% more funds holding

Funds holding: 128 → 131 (+3)

0.15% less ownership

Funds ownership: 10.21% → 10.07% (-0.15%)

4% less capital invested

Capital invested by funds: $179M → $172M (-$6.71M)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

30% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 43

Holders
131
Holders Change
+3
Holders Change %
+2.34%
% of All Funds
3.5%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.11%
New
16
Increased
30
Reduced
43
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CFP
Cornerstone Financial Partners
North Carolina
+$2.05M
2
BFM
Boston Financial Management
Massachusetts
+$1.64M
3
SFS
Shaker Financial Services
Virginia
+$1.07M
4
Invesco
Invesco
Georgia
+$1.06M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$783K

Top Sellers

1
LPL Financial
LPL Financial
California
-$4.08M
2
NMC
Nine Masts Capital
Hong Kong
-$1.23M
3
AA
AQR Arbitrage
Connecticut
-$1.17M
4
LCM
Landscape Capital Management
New Jersey
-$953K
5
Wells Fargo
Wells Fargo
California
-$719K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACS
126
Archford Capital Strategies
Illinois
$5K +$4.67K +363 New
SWA
127
Sutton Wealth Advisors
Florida
$4.41K – – –
DAM
128
Delta Asset Management
Tennessee
$4K – – –
DSC
129
Duncker Streett & Co
Missouri
$4K – – –
NSIM
130
North Star Investment Management
Illinois
$3K – – –
TC
131
Trust Company
Kansas
$3K – – –
DOA
132
D'Orazio & Associates
Virginia
$1K – – –
JCM
133
Jacobi Capital Management
Pennsylvania
$1K +$863 +67 New
SG Americas Securities
134
SG Americas Securities
New York
– -$630K -48,309 Closed
GEM
135
Global Endowment Management
North Carolina
– -$391K -30,000 Closed
LWAC
136
Laurel Wealth Advisors (California)
California
– -$148K -11,325 Closed
Millennium Management
137
Millennium Management
New York
– -$137K -10,500 Closed
AWE
138
Avidian Wealth Enterprises
Texas
– -$120K -9,208 Closed
FA
139
Financial Advantage
Maryland
– -$100K -7,659 Closed
FAAS
140
First Allied Advisory Services
California
– -$75K -5,772 Closed
EWA
141
Exencial Wealth Advisors
Oklahoma
– -$66K -5,080 Closed
AIG
142
American International Group
New York
– -$36K -2,749 Closed
TFA
143
Transamerica Financial Advisors
Florida
– -$7K -523 Closed
2 3 4 5
6

SABA Hedge Fund Activity: Q2 2016 in Review

131 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2016, worth a combined $172M — down 3.7% from $179M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SABA positions and 10 closed out — a net gain of 6 holders — while 30 added to existing stakes and 43 trimmed.

The largest buyer was Cornerstone Financial Partners, adding an estimated $2.05M. The largest seller was LPL Financial, cutting an estimated $4.08M.

  • 131 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2016, up from 128 in Q1 2016.
  • Funds reported $172M of Saba Capital Income & Opportunities Fund II stock for Q2 2016, down 3.7% quarter-over-quarter.
  • 16 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2016 and 10 closed out, a net change of +6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2016 was Cornerstone Financial Partners, an estimated $2.05M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2016 was LPL Financial, an estimated $4.08M sold.

Based on aggregated 13F filings for Q2 2016.