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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
JCM
126
Jacobi Capital Management
Pennsylvania
$1K – – –
GWM
127
Geneos Wealth Management
Colorado
$1K +$13 +1 +0.8%
FDCDDQ
128
Federation des caisses Desjardins du Quebec
Quebec, Canada
$672 – – –
SFS
129
Shaker Financial Services
Virginia
– -$2.13M -160,250 Closed
CRC
130
Curi RMB Capital
Illinois
– -$1.95M -146,834 Closed
LPL Financial
131
LPL Financial
California
– -$905K -67,507 Closed
VCM
132
Vivaldi Capital Management
Illinois
– -$643 -48,315 Closed
NMC
133
Nine Masts Capital
Hong Kong
– -$201K -15,150 Closed
SWP
134
Stratos Wealth Partners
Ohio
– -$140K -10,559 Closed
CHC
135
City Holding Co
West Virginia
– -$53K -4,000 Closed
Carson Wealth (CWM LLC)
136
Carson Wealth (CWM LLC)
Nebraska
– -$10K -760 Closed
TRCT
137
Tower Research Capital (TRC)
New York
– -$6K -465 Closed
ACS
138
Archford Capital Strategies
Illinois
– -$5K -363 Closed
TC
139
Trust Company
Kansas
– -$3K -250 Closed
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.