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SABA

Saba Capital Income & Opportunities Fund II
SABA

136 hedge funds and large institutions have $273M invested in Saba Capital Income & Opportunities Fund II in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 37

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.74% less ownership

Funds ownership: 15.31% → 14.57% (-0.74%)

1% less funds holding

Funds holding: 138 → 136 (-2)

8% less capital invested

Capital invested by funds: $297M → $273M (-$24.8M)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

Holders
136
Holders Change
-2
Holders Change %
-1.45%
% of All Funds
3.11%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
14
Increased
46
Reduced
37
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FIM
Frontier Investment Management
Texas
+$3.17M
2
PPA
Parametric Portfolio Associates
Washington
+$2.12M
3
Wells Fargo
Wells Fargo
California
+$1.86M
4
AA
Altman Advisors
Illinois
+$1.84M
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$799K

Top Sellers

1
JFA
JNBA Financial Advisors
Minnesota
-$6.66M
2
SCM
Saba Capital Management
New York
-$5.77M
3
WMG
WESCAP Management Group
California
-$4.01M
4
RCM
RB Capital Management
Nevada
-$3.02M
5
CRC
Curi RMB Capital
Illinois
-$2.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
DAM
126
Delta Asset Management
Tennessee
$4K – – –
ASN
127
Advisory Services Network
Georgia
$4K +$2.11K +172 +103%
DSC
128
Duncker Streett & Co
Missouri
$3K -$1.23K -100 -29%
SSB
129
Sandy Spring Bank
Maryland
$3K – – –
RFC
130
Regions Financial Corp
Alabama
$2K – – –
CAG
131
Csenge Advisory Group
Florida
$2K +$2.92K +238 New
AIM
132
Anchor Investment Management
South Carolina
$1.84K – – –
BWM
133
Baystate Wealth Management
Massachusetts
$1K – – –
JCM
134
Jacobi Capital Management
Pennsylvania
$1K – – –
WKWM
135
Walter & Keenan Wealth Management
Indiana
$309 – – –
APA
136
American Portfolios Advisors
New York
$18 – – –
JFA
137
JNBA Financial Advisors
Minnesota
– -$6.66M -542,598 Closed
SCM
138
Saba Capital Management
New York
– -$5.77M -469,983 Closed
CRC
139
Curi RMB Capital
Illinois
– -$2.52M -205,520 Closed
DA
140
Doliver Advisors
Texas
– -$332K -27,067 Closed
PCM
141
PenderFund Capital Management
British Columbia, Canada
– -$307K -25,000 Closed
Millennium Management
142
Millennium Management
New York
– -$279K -22,750 Closed
SFS
143
Shaker Financial Services
Virginia
– -$129K -10,479 Closed
AA
144
AQR Arbitrage
Connecticut
– -$92K -7,483 Closed
DC
145
Davenport & Co
Virginia
– -$91K -7,434 Closed
WPW
146
Waldron Private Wealth
Pennsylvania
– -$66K -5,447 Closed
SEI Investments
147
SEI Investments
Pennsylvania
– -$54K -4,379 Closed
MGIA
148
Moneta Group Investment Advisors
Missouri
– -$39K -3,213 Closed
LC
149
Landaas & Company
Wisconsin
– -$27K -2,160 Closed
WT
150
Washington Trust
Rhode Island
– -$17K -1,393 Closed
3 4 5
6
7

SABA Hedge Fund Activity: Q3 2018 in Review

136 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2018, worth a combined $273M — down 8.3% from $297M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of SABA and 14 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 46 added.

The largest buyer was Frontier Investment Management, adding an estimated $3.17M. The largest seller was JNBA Financial Advisors, exiting entirely with an estimated $6.66M sold.

  • 136 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2018, down from 138 in Q2 2018.
  • Funds reported $273M of Saba Capital Income & Opportunities Fund II stock for Q3 2018, down 8.3% quarter-over-quarter.
  • 14 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2018 and 16 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2018 was Frontier Investment Management, an estimated $3.17M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2018 was JNBA Financial Advisors, an estimated $6.66M sold.

Based on aggregated 13F filings for Q3 2018.