Saba Capital Income & Opportunities Fund II
SABA
125 hedge funds and large institutions have $177M invested in Saba Capital Income & Opportunities Fund II in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
64% more capital inflows, than outflows
Capital inflows: $28.9M | Capital outflows: $17.7M
54% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 28
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
5% more funds holding
Funds holding: 119 → 125 (+6)
1.05% more ownership
Funds ownership: 14.94% → 15.99% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.41M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$3.39M |
| 3 |
Morgan Stanley
New York
|
+$3.29M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$2.34M |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Guggenheim Capital
Chicago,
Illinois
|
-$9.9M |
| 2 |
Great Lakes Advisors
Chicago,
Illinois
|
-$3.33M |
| 3 |
IWC
Integrated Wealth Counsel
Carmel,
California
|
-$1.48M |
| 4 |
Everett Harris & Co
Los Angeles,
California
|
-$913K |
| 5 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$250K |
SABA Hedge Fund Activity: Q2 2014 in Review
125 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2014, worth a combined $177M — up 8.5% from $163M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SABA positions and 8 closed out — a net gain of 6 holders — while 43 added to existing stakes and 28 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $8.41M. The largest seller was Guggenheim Capital, cutting an estimated $9.9M.
- 125 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2014, up from 119 in Q1 2014.
- Funds reported $177M of Saba Capital Income & Opportunities Fund II stock for Q2 2014, up 8.5% quarter-over-quarter.
- 14 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2014 and 8 closed out, a net change of +6 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2014 was Rivernorth Capital Management, an estimated $8.41M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q2 2014 was Guggenheim Capital, an estimated $9.9M sold.
Based on aggregated 13F filings for Q2 2014.