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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
ACS
126
Archford Capital Strategies
Illinois
$4K – – –
DAM
127
Delta Asset Management
Tennessee
$4K – – –
TC
128
Trust Company
Kansas
$3K – – –
AOWM
129
Alpha Omega Wealth Management
Virginia
$2K +$2.34K +186 New
Barclays
130
Barclays
United Kingdom
– -$2.33M -186,800 Closed
BFM
131
Boston Financial Management
Massachusetts
– -$1.54M -123,179 Closed
RCA
132
Rowland Carmichael Advisors
Arizona
– -$462K -37,000 Closed
OC
133
Oarsman Capital
Wisconsin
– -$321K -25,725 Closed
Koshinski Asset Management
134
Koshinski Asset Management
Illinois
– -$21K -11,601 Closed
Millennium Management
135
Millennium Management
New York
– -$130K -10,383 Closed
CWM
136
Cornerstone Wealth Management
Missouri
– -$103K -8,270 Closed
CWM
137
Concert Wealth Management
California
– -$97K -7,695 Closed
NMC
138
Nine Masts Capital
Hong Kong
– -$41K -3,291 Closed
Bank of Montreal
139
Bank of Montreal
Ontario, Canada
– -$22K -1,782 Closed
MA
140
MUFG Americas
New York
– -$21K -1,662 Closed
SSB
141
Sandy Spring Bank
Maryland
– -$18K -1,403 Closed
Envestnet Asset Management
142
Envestnet Asset Management
Illinois
– -$16K -1,256 Closed
WTB
143
Washington Trust Bank
Washington
– -$9K -700 Closed
NSIM
144
North Star Investment Management
Illinois
– -$2.52K -200 Closed
JCM
145
Jacobi Capital Management
Pennsylvania
– -$1K -67 Closed
HW
146
Hedeker Wealth
Illinois
– -$1K -3 Closed
IWA
147
IBEX Wealth Advisors
New Jersey
– +$214 +17 New
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.