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SABA

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.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

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)

9% more capital invested

Capital invested by funds: $163M → $177M (+$13.9M)

5% more funds holding

Funds holding: 119 → 125 (+6)

0.53% more ownership

Funds ownership: 7.47% → 8% (+0.53%)

Holders
125
Holders Change
+6
Holders Change %
+5.04%
% of All Funds
3.59%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.14%
New
14
Increased
43
Reduced
28
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$8.41M
2
Invesco
Invesco
Georgia
+$3.39M
3
Morgan Stanley
Morgan Stanley
New York
+$3.29M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$2.34M
5
NCM
Newgate Capital Management
Connecticut
+$2.16M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$9.95M
2
GLA
Great Lakes Advisors
Illinois
-$3.33M
3
IWC
Integrated Wealth Counsel
California
-$1.48M
4
EHC
Everett Harris & Co
California
-$913K
5
KFS
KMS Financial Services
Washington
-$250K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$21.8M +$3.29M +206,148 +18%
RCM
2
Rivernorth Capital Management
Florida
$21.7M +$8.41M +527,002 +67%
Invesco
3
Invesco
Georgia
$13.8M +$3.39M +212,430 +34%
EHC
4
Everett Harris & Co
California
$12.2M -$913K -57,217 -7%
Wells Fargo
5
Wells Fargo
California
$11.6M +$553K +34,649 +5%
WCM
6
Windsor Capital Management
Arizona
$10.5M +$24.1K +1,509 +0.2%
B
7
Baird
Wisconsin
$10.2M -$26K -1,628 -0.3%
EAM
8
Evanson Asset Management
California
$10.2M +$38.5K +2,411 +0.4%
NCM
9
Newgate Capital Management
Connecticut
$5.04M +$2.16M +135,441 +80%
U
10
UBS
Switzerland
$3.96M +$1.67M +104,634 +77%
Bank of America
11
Bank of America
North Carolina
$3.69M +$251K +15,740 +8%
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$3.63M +$1.29M +80,854 +58%
NHFG
13
New Harbor Financial Group
Massachusetts
$3.54M +$231K +14,473 +7%
RJA
14
Raymond James & Associates
Florida
$3.01M +$1.22M +76,215 +72%
LPL Financial
15
LPL Financial
California
$2.42M -$4.23K -265 -0.2%
Thrivent Financial for Lutherans
16
Thrivent Financial for Lutherans
Minnesota
$2.42M +$2.34M +146,671 New
EIM
17
Emerson Investment Management
Massachusetts
$2.41M +$16.9K +1,062 +0.7%
AWS
18
Aris Wealth Services
Pennsylvania
$2.13M +$345K +21,625 +20%
BJ
19
Brouwer & Janachowski
California
$1.86M -$57.9K -3,632 -3%
GAM
20
Gould Asset Management
California
$1.8M +$7.19K +451 +0.4%
SC
21
Scotia Capital
Ontario, Canada
$1.54M +$63.8K +4,000 +4%
RPA
22
Rock Point Advisors
Vermont
$1.46M +$75.4K +4,729 +6%
PPA
23
Parametric Portfolio Associates
Washington
$1.43M – – –
Ameriprise
24
Ameriprise
Minnesota
$1.4M +$249K +15,601 +23%
Stifel Financial
25
Stifel Financial
Missouri
$1.35M -$4.96K -311 -0.4%
1
2 3 4 5

SABA Hedge Fund Activity: Q2 2014 in Review

125 of the 3,479 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 $9.95M.

  • 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 $9.95M sold.

Based on aggregated 13F filings for Q2 2014.