Saba Capital Income & Opportunities Fund II
SABA
102 hedge funds and large institutions have $156M invested in Saba Capital Income & Opportunities Fund II in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 30 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
10% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 30
5% more funds holding
Funds holding: 97 → 102 (+5)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.21% less ownership
Funds ownership: 7.18% → 6.96% (-0.21%)
7% less capital invested
Capital invested by funds: $167M → $156M (-$11.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$6.68M |
| 2 |
NHFG
New Harbor Financial Group
Worcester,
Massachusetts
|
+$3.37M |
| 3 |
AL
Aspiriant LLC
Los Angeles,
California
|
+$1.25M |
| 4 |
Goldman Sachs
New York
|
+$836K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$604K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EHC
Everett Harris & Co
Los Angeles,
California
|
-$11.2M |
| 2 |
Morgan Stanley
New York
|
-$3.29M |
| 3 |
IWC
Integrated Wealth Counsel
Carmel,
California
|
-$2.15M |
| 4 |
Cohen & Steers
New York
|
-$778K |
| 5 |
LPL Financial
San Diego,
California
|
-$530K |
SABA Hedge Fund Activity: Q3 2013 in Review
102 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2013, worth a combined $156M — down 6.9% from $167M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SABA positions and 8 closed out — a net gain of 6 holders — while 33 added to existing stakes and 30 trimmed.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $6.68M. The largest seller was Everett Harris & Co, cutting an estimated $11.2M.
- 102 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2013, up from 97 in Q2 2013.
- Funds reported $156M of Saba Capital Income & Opportunities Fund II stock for Q3 2013, down 6.9% quarter-over-quarter.
- 14 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2013 and 8 closed out, a net change of +6 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2013 was Guggenheim Capital, an estimated $6.68M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q3 2013 was Everett Harris & Co, an estimated $11.2M sold.
Based on aggregated 13F filings for Q3 2013.