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SABA

Saba Capital Income & Opportunities Fund II
SABA

140 hedge funds and large institutions have $259M invested in Saba Capital Income & Opportunities Fund II in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 33 increasing their positions, 40 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 14

15% more funds holding

Funds holding: 122 → 140 (+18)

3% more capital invested

Capital invested by funds: $250M → $259M (+$8.69M)

0.95% more ownership

Funds ownership: 12.38% → 13.33% (+0.95%)

18% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 40

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
140
Holders Change
+18
Holders Change %
+14.75%
% of All Funds
3.18%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
32
Increased
33
Reduced
40
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$8.06M
2
RCM
Rivernorth Capital Management
Florida
+$2.99M
3
HSA
HBK Sorce Advisory
Pennsylvania
+$1.81M
4
LCM
Landscape Capital Management
New Jersey
+$1.44M
5
WMG
WESCAP Management Group
California
+$1.39M

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$1.1M
2
UBS Group
UBS Group
Switzerland
-$960K
3
BCI
Brinker Capital Investments
Pennsylvania
-$950K
4
CFP
Cornerstone Financial Partners
North Carolina
-$667K
5
AWM
AE Wealth Management
Kansas
-$645K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIS
126
Sound Income Strategies
Florida
$6K +$6.58K +500 New
DSC
127
Duncker Streett & Co
Missouri
$5K – – –
EWM
128
Endurance Wealth Management
Rhode Island
$5K – – –
HNB
129
Huntington National Bank
Ohio
$5K – – –
DAM
130
Delta Asset Management
Tennessee
$4K – – –
Manulife (Manufacturers Life Insurance)
131
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$4K – – –
RFC
132
Regions Financial Corp
Alabama
$3K +$2.63K +200 New
ASN
133
Advisory Services Network
Georgia
$2K -$7.47K -568 -78%
AOWM
134
Alpha Omega Wealth Management
Virginia
$2K – – –
MCM
135
Monument Capital Management
Virginia
$2K +$2.63K +200 New
AIM
136
Anchor Investment Management
South Carolina
$1.94K – – –
GWM
137
Geneos Wealth Management
Colorado
$1K – – –
JCM
138
Jacobi Capital Management
Pennsylvania
$1K – – –
RE
139
RBC Europe
United Kingdom
$756 – – –
FDCDDQ
140
Federation des caisses Desjardins du Quebec
Quebec, Canada
$646 – – –
Walleye Trading
141
Walleye Trading
New York
$253 +$257K +19,550 New
APA
142
American Portfolios Advisors
New York
$19 +$26 +2 New
GS
143
Girard Securities
California
– -$4.6M -341,434 Closed
CRC
144
Curi RMB Capital
Illinois
– -$1.1M -81,681 Closed
AWM
145
AE Wealth Management
Kansas
– -$645K -47,862 Closed
Cohen & Steers
146
Cohen & Steers
New York
– -$415K -30,805 Closed
ICOA
147
Investment Centers of America
North Dakota
– -$259K -19,249 Closed
NPC
148
National Planning Corporation
California
– -$136K -10,054 Closed
PAG
149
Private Advisor Group
New Jersey
– -$92K -6,859 Closed
William Blair & Company
150
William Blair & Company
Illinois
– -$86K -6,353 Closed
3 4 5
6
7

SABA Hedge Fund Activity: Q4 2017 in Review

140 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2017, worth a combined $259M — up 3.5% from $250M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new SABA positions and 14 closed out — a net gain of 18 holders — while 33 added to existing stakes and 40 trimmed.

The largest buyer was Wells Fargo, adding an estimated $8.06M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $1.1M sold.

  • 140 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2017, up from 122 in Q3 2017.
  • Funds reported $259M of Saba Capital Income & Opportunities Fund II stock for Q4 2017, up 3.5% quarter-over-quarter.
  • 32 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2017 and 14 closed out, a net change of +18 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2017 was Wells Fargo, an estimated $8.06M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q4 2017 was Curi RMB Capital, an estimated $1.1M sold.

Based on aggregated 13F filings for Q4 2017.