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SABA

Saba Capital Income & Opportunities Fund II
SABA

138 hedge funds and large institutions have $297M invested in Saba Capital Income & Opportunities Fund II in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 3 → 6 (+3)

23% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 13

22% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 36

11% more capital invested

Capital invested by funds: $268M → $297M (+$29.6M)

1% more funds holding

Funds holding: 136 → 138 (+2)

1.27% more ownership

Funds ownership: 14.04% → 15.31% (+1.3%)

Holders
138
Holders Change
+2
Holders Change %
+1.47%
% of All Funds
3.16%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.14%
New
16
Increased
44
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NWM
Nicola Wealth Management
British Columbia, Canada
+$12.6M
2
RCM
Rivernorth Capital Management
Florida
+$3.35M
3
CRC
Curi RMB Capital
Illinois
+$2.59M
4
Stifel Financial
Stifel Financial
Missouri
+$1.38M
5
Wells Fargo
Wells Fargo
California
+$1.38M

Top Sellers

1
GAM
Gould Asset Management
California
-$1.99M
2
AA
Altman Advisors
Illinois
-$1.81M
3
PMG
Private Management Group
California
-$845K
4
ECM
Elgethun Capital Management
South Dakota
-$597K
5
SCM
Saba Capital Management
New York
-$514K
Name Holding Trade Value Shares
Change 		Change in
Stake
HNB
126
Huntington National Bank
Ohio
$5K – – –
ACS
127
Archford Capital Strategies
Illinois
$4K – – –
DAM
128
Delta Asset Management
Tennessee
$4K – – –
DSC
129
Duncker Streett & Co
Missouri
$4K – – –
SSB
130
Sandy Spring Bank
Maryland
$3K +$3.37K +267 New
MCM
131
Monument Capital Management
Virginia
$2K – – –
RFC
132
Regions Financial Corp
Alabama
$2K – – –
ASN
133
Advisory Services Network
Georgia
$2K +$25 +2 +1%
AIM
134
Anchor Investment Management
South Carolina
$1.84K – – –
GWM
135
Geneos Wealth Management
Colorado
$1K – – –
JCM
136
Jacobi Capital Management
Pennsylvania
$1K – – –
BWM
137
Baystate Wealth Management
Massachusetts
$1K +$13 +1 +1%
FDCDDQ
138
Federation des caisses Desjardins du Quebec
Quebec, Canada
$614 – – –
AA
139
Altman Advisors
Illinois
$468 -$1.81M -143,006 -98%
APA
140
American Portfolios Advisors
New York
$18 – – –
ECM
141
Elgethun Capital Management
South Dakota
– -$597K -46,728 Closed
OFG
142
OTA Financial Group
New York
– -$293K -22,928 Closed
LCM
143
Laurion Capital Management
New York
– -$235K -18,377 Closed
FHB
144
First Hawaiian Bank
Hawaii
– -$186K -14,517 Closed
Goldman Sachs
145
Goldman Sachs
New York
– -$135K -10,557 Closed
LSAG
146
Lake Street Advisors Group
New Hampshire
– -$100K -7,789 Closed
IAMOG
147
Investors Asset Management of Georgia
Georgia
– -$99K -7,750 Closed
LJAC
148
L.J. Altfest & Co
New York
– -$70K -5,515 Closed
EA
149
Edge Advisors
Georgia
– -$63K -5,000 Closed
TRCT
150
Tower Research Capital (TRC)
New York
– -$43K -3,400 Closed
3 4 5
6
7

SABA Hedge Fund Activity: Q2 2018 in Review

138 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2018, worth a combined $297M — up 11% from $268M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SABA positions and 13 closed out — a net gain of 3 holders — while 44 added to existing stakes and 36 trimmed.

The largest buyer was Nicola Wealth Management, opening a new position worth an estimated $12.6M. The largest seller was Gould Asset Management, cutting an estimated $1.99M.

  • 138 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2018, up from 136 in Q1 2018.
  • Funds reported $297M of Saba Capital Income & Opportunities Fund II stock for Q2 2018, up 11% quarter-over-quarter.
  • 16 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2018 and 13 closed out, a net change of +3 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2018 was Nicola Wealth Management, an estimated $12.6M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2018 was Gould Asset Management, an estimated $1.99M sold.

Based on aggregated 13F filings for Q2 2018.