Saba Capital Income & Opportunities Fund II
SABA
118 hedge funds and large institutions have $156M invested in Saba Capital Income & Opportunities Fund II in 2013 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 34 increasing their positions, 36 reducing their positions, and 8 closing their positions.
213% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 8
16% more funds holding
Funds holding: 102 → 118 (+16)
0.3% more ownership
Funds ownership: 6.96% → 7.26% (+0.3%)
0% more capital invested
Capital invested by funds: $156M → $156M (+$186K)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$11M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.76M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.56M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.23M |
| 5 |
SG Americas Securities
New York
|
+$920K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$6.53M |
| 2 |
EHC
Everett Harris & Co
Los Angeles,
California
|
-$3.62M |
| 3 |
Morgan Stanley
New York
|
-$2.81M |
| 4 |
FAAM
First Allied Asset Management
San Diego,
California
|
-$2.15M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.14M |
SABA Hedge Fund Activity: Q4 2013 in Review
118 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2013, worth a combined $156M — up 0.12% from $156M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new SABA positions and 8 closed out — a net gain of 17 holders — while 34 added to existing stakes and 36 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $11M. The largest seller was Wells Fargo, cutting an estimated $6.53M.
- 118 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2013, up from 102 in Q3 2013.
- Funds reported $156M of Saba Capital Income & Opportunities Fund II stock for Q4 2013, up 0.12% quarter-over-quarter.
- 25 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2013 and 8 closed out, a net change of +17 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2013 was Rivernorth Capital Management, an estimated $11M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q4 2013 was Wells Fargo, an estimated $6.53M sold.
Based on aggregated 13F filings for Q4 2013.