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SABA

Saba Capital Income & Opportunities Fund II
SABA

131 hedge funds and large institutions have $172M invested in Saba Capital Income & Opportunities Fund II in 2016 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 43 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

2% more funds holding

Funds holding: 128 → 131 (+3)

0.15% less ownership

Funds ownership: 10.21% → 10.07% (-0.15%)

4% less capital invested

Capital invested by funds: $179M → $172M (-$6.71M)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

30% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 43

Holders
131
Holders Change
+3
Holders Change %
+2.34%
% of All Funds
3.5%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.11%
New
16
Increased
30
Reduced
43
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CFP
Cornerstone Financial Partners
North Carolina
+$2.05M
2
BFM
Boston Financial Management
Massachusetts
+$1.64M
3
SFS
Shaker Financial Services
Virginia
+$1.07M
4
Invesco
Invesco
Georgia
+$1.06M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$783K

Top Sellers

1
LPL Financial
LPL Financial
California
-$4.08M
2
NMC
Nine Masts Capital
Hong Kong
-$1.23M
3
AA
AQR Arbitrage
Connecticut
-$1.17M
4
LCM
Landscape Capital Management
New Jersey
-$953K
5
Wells Fargo
Wells Fargo
California
-$719K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$22.8M -$86.5K -6,716 -0.4%
PMG
2
Private Management Group
California
$11.2M -$88K -6,835 -0.8%
Wells Fargo
3
Wells Fargo
California
$9.86M -$719K -55,855 -7%
Invesco
4
Invesco
Georgia
$8.54M +$1.06M +82,627 +14%
FIM
5
Frontier Investment Management
Texas
$7.89M +$289K +22,423 +4%
Morgan Stanley
6
Morgan Stanley
New York
$7.54M +$81.8K +6,354 +1%
EAM
7
Evanson Asset Management
California
$7.15M -$190K -14,771 -3%
FIMG
8
Financial & Investment Management Group
Michigan
$6.7M -$650K -50,498 -9%
KLI
9
Kelman-Lazarov Inc
Tennessee
$6.2M +$646K +50,157 +12%
CFP
10
Cornerstone Financial Partners
North Carolina
$5.76M +$2.05M +159,036 +54%
IWC
11
Integrated Wealth Counsel
California
$5.62M +$158K +12,245 +3%
1CP
12
1607 Capital Partners
Virginia
$4.68M -$40.3K -3,133 -0.8%
WCM
13
Windsor Capital Management
Arizona
$4.28M -$272K -21,118 -6%
PHS
14
Pekin Hardy Strauss
Illinois
$4.15M -$182K -14,125 -4%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$4.1M +$138K +10,726 +3%
UBS Group
16
UBS Group
Switzerland
$3.95M -$93.4K -7,253 -2%
Bank of America
17
Bank of America
North Carolina
$3.44M -$374K -29,046 -10%
LPL Financial
18
LPL Financial
California
$3.06M -$4.08M -316,605 -57%
HighTower Advisors
19
HighTower Advisors
Illinois
$2.7M +$259K +20,114 +10%
RJFSA
20
Raymond James Financial Services Advisors
Florida
$2.39M +$783K +60,840 +48%
AssetMark Inc
21
AssetMark Inc
California
$2.29M -$26.6K -2,067 -1%
GS
22
Girard Securities
California
$2.24M -$40.8K -3,172 -2%
Thrivent Financial for Lutherans
23
Thrivent Financial for Lutherans
Minnesota
$2.19M – – –
GAM
24
Gould Asset Management
California
$1.98M +$44.1K +3,423 +2%
Ameriprise
25
Ameriprise
Minnesota
$1.93M +$282K +21,904 +17%
1
2 3 4 5

SABA Hedge Fund Activity: Q2 2016 in Review

131 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2016, worth a combined $172M — down 3.7% from $179M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SABA positions and 10 closed out — a net gain of 6 holders — while 30 added to existing stakes and 43 trimmed.

The largest buyer was Cornerstone Financial Partners, adding an estimated $2.05M. The largest seller was LPL Financial, cutting an estimated $4.08M.

  • 131 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2016, up from 128 in Q1 2016.
  • Funds reported $172M of Saba Capital Income & Opportunities Fund II stock for Q2 2016, down 3.7% quarter-over-quarter.
  • 16 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2016 and 10 closed out, a net change of +6 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2016 was Cornerstone Financial Partners, an estimated $2.05M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2016 was LPL Financial, an estimated $4.08M sold.

Based on aggregated 13F filings for Q2 2016.