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SABA

Saba Capital Income & Opportunities Fund II
SABA

132 hedge funds and large institutions have $222M invested in Saba Capital Income & Opportunities Fund II in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 53 increasing their positions, 27 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 27

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.11% less ownership

Funds ownership: 15.14% → 15.03% (-0.11%)

6% less funds holding

Funds holding: 140 → 132 (-8)

21% less capital invested

Capital invested by funds: $281M → $222M (-$59M)

29% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 17

Holders
132
Holders Change
-8
Holders Change %
-5.71%
% of All Funds
2.87%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
12
Increased
53
Reduced
27
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
ECM
Evergreen Capital Management
Washington
+$20.5M
2
RCM
Rivernorth Capital Management
Florida
+$2.75M
3
Stifel Financial
Stifel Financial
Missouri
+$1.46M
4
FIM
Frontier Investment Management
Texas
+$1.44M
5
PPA
Parametric Portfolio Associates
Washington
+$1.23M

Top Sellers

1
NWM
Nicola Wealth Management
British Columbia, Canada
-$15.1M
2
Wells Fargo
Wells Fargo
California
-$10.6M
3
PMG
Private Management Group
California
-$5.61M
4
NSIM
North Star Investment Management
Illinois
-$2.61M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACS
126
Archford Capital Strategies
Illinois
$5K – – –
EWM
127
Endurance Wealth Management
Rhode Island
$5K – – –
HNB
128
Huntington National Bank
Ohio
$5K – – –
DSC
129
Duncker Streett & Co
Missouri
$3K – – –
JCM
130
Jacobi Capital Management
Pennsylvania
$1K – – –
RWA
131
Redhawk Wealth Advisors
Minnesota
$1K +$1.05K +83 New
NWM
132
Nicola Wealth Management
British Columbia, Canada
– -$15.1M -898,969 Closed
PMG
133
Private Management Group
California
– -$5.61M -445,564 Closed
PAS
134
Park Avenue Securities
New York
– -$284K -22,318 Closed
HL
135
HeadInvest LLC
Maine
– -$249K -19,775 Closed
OWD
136
Osborn Williams & Donohoe
Ohio
– -$186K -14,700 Closed
TSS
137
Two Sigma Securities
New York
– -$136K -10,798 Closed
UCFA
138
United Capital Financial Advisors
Texas
– -$122K -9,655 Closed
COLIM
139
City of London Investment Management
United Kingdom
– -$106K -8,416 Closed
TW
140
Transform Wealth
Colorado
– -$86K -6,850 Closed
Millennium Management
141
Millennium Management
New York
– -$81K -6,461 Closed
SWM
142
SeaCrest Wealth Management
New York
– -$67K -5,350 Closed
SKK
143
Shepherd Kaplan Krochuk
Massachusetts
– -$66K -5,200 Closed
TRCT
144
Tower Research Capital (TRC)
New York
– -$31K -2,485 Closed
Fifth Third Bancorp
145
Fifth Third Bancorp
Ohio
– -$13K -1,000 Closed
RFC
146
Regions Financial Corp
Alabama
– -$10K -761 Closed
DAM
147
Delta Asset Management
Tennessee
– -$4K -302 Closed
IWA
148
IBEX Wealth Advisors
New Jersey
– +$215 +17 New
2 3 4 5
6

SABA Hedge Fund Activity: Q2 2019 in Review

132 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2019, worth a combined $222M — down 21% from $281M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of SABA and 12 opened new positions — a net loss of 5 holders — while 27 trimmed existing stakes and 53 added.

The largest buyer was Evergreen Capital Management, opening a new position worth an estimated $20.5M. The largest seller was Nicola Wealth Management, exiting entirely with an estimated $15.1M sold.

  • 132 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2019, down from 140 in Q1 2019.
  • Funds reported $222M of Saba Capital Income & Opportunities Fund II stock for Q2 2019, down 21% quarter-over-quarter.
  • 12 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2019 and 17 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2019 was Evergreen Capital Management, an estimated $20.5M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2019 was Nicola Wealth Management, an estimated $15.1M sold.

Based on aggregated 13F filings for Q2 2019.