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SABA

Saba Capital Income & Opportunities Fund II
SABA

119 hedge funds and large institutions have $162M invested in Saba Capital Income & Opportunities Fund II in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 33

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.35% less ownership

Funds ownership: 8% → 7.65% (-0.35%)

5% less funds holding

Funds holding: 125 → 119 (-6)

8% less capital invested

Capital invested by funds: $177M → $162M (-$14.7M)

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Holders
119
Holders Change
-6
Holders Change %
-4.8%
% of All Funds
3.45%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.15%
New
3
Increased
41
Reduced
33
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$539K
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$502K
3
Bank of America
Bank of America
North Carolina
+$448K
4
RCM
Robinson Capital Management
Michigan
+$353K
5
Barclays
Barclays
United Kingdom
+$351K

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$2.92M
2
EHC
Everett Harris & Co
California
-$2.81M
3
U
UBS
Switzerland
-$895K
4
Stifel Financial
Stifel Financial
Missouri
-$695K
5
BL
BCWM LLC
Kansas
-$660K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$20.6M -$433K -26,999 -2%
RCM
2
Rivernorth Capital Management
Florida
$18M -$2.92M -181,851 -14%
Invesco
3
Invesco
Georgia
$13.6M +$313K +19,522 +2%
Wells Fargo
4
Wells Fargo
California
$11.5M +$268K +16,663 +2%
WCM
5
Windsor Capital Management
Arizona
$9.97M -$99.3K -6,185 -1%
EAM
6
Evanson Asset Management
California
$9.87M +$91.5K +5,697 +0.9%
B
7
Baird
Wisconsin
$9.5M -$304K -18,948 -3%
EHC
8
Everett Harris & Co
California
$8.91M -$2.81M -175,185 -24%
NCM
9
Newgate Capital Management
Connecticut
$4.31M -$547K -34,049 -11%
Bank of America
10
Bank of America
North Carolina
$4M +$448K +27,875 +12%
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$3.99M +$502K +31,253 +14%
NHFG
12
New Harbor Financial Group
Massachusetts
$3.38M -$22.5K -1,400 -0.7%
RJA
13
Raymond James & Associates
Florida
$3.14M +$240K +14,971 +8%
U
14
UBS
Switzerland
$2.93M -$895K -55,719 -23%
EIM
15
Emerson Investment Management
Massachusetts
$2.33M +$12K +750 +0.5%
Thrivent Financial for Lutherans
16
Thrivent Financial for Lutherans
Minnesota
$2.33M – – –
AWS
17
Aris Wealth Services
Pennsylvania
$2.17M +$126K +7,841 +6%
LPL Financial
18
LPL Financial
California
$2.1M -$227K -14,112 -10%
GAM
19
Gould Asset Management
California
$1.82M +$85.3K +5,310 +5%
BJ
20
Brouwer & Janachowski
California
$1.71M -$81.2K -5,055 -4%
SC
21
Scotia Capital
Ontario, Canada
$1.52M +$43.3K +2,700 +3%
Ameriprise
22
Ameriprise
Minnesota
$1.51M +$163K +10,135 +12%
GIP
23
Greatmark Investment Partners
Georgia
$1.42M +$192K +11,960 +15%
PPA
24
Parametric Portfolio Associates
Washington
$1.38M – – –
RPA
25
Rock Point Advisors
Vermont
$1.36M -$41.7K -2,597 -3%
1
2 3 4 5

SABA Hedge Fund Activity: Q3 2014 in Review

119 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2014, worth a combined $162M — down 8.3% from $177M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of SABA and 3 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 41 added.

The largest buyer was AQR Capital Management, adding an estimated $539K. The largest seller was Rivernorth Capital Management, cutting an estimated $2.92M.

  • 119 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2014, down from 125 in Q2 2014.
  • Funds reported $162M of Saba Capital Income & Opportunities Fund II stock for Q3 2014, down 8.3% quarter-over-quarter.
  • 3 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2014 and 9 closed out, a net change of -6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2014 was AQR Capital Management, an estimated $539K added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2014 was Rivernorth Capital Management, an estimated $2.92M sold.

Based on aggregated 13F filings for Q3 2014.