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SABA

Saba Capital Income & Opportunities Fund II
SABA

127 hedge funds and large institutions have $248M invested in Saba Capital Income & Opportunities Fund II in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 39 increasing their positions, 35 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more capital invested

Capital invested by funds: $172M → $248M (+$75.8M)

11% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 35

0.32% more ownership

Funds ownership: 10.07% → 10.39% (+0.32%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less funds holding

Funds holding: 131 → 127 (-4)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

Holders
127
Holders Change
-4
Holders Change %
-3.05%
% of All Funds
3.39%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
10
Increased
39
Reduced
35
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$3.42M
2
RCM
Rivernorth Capital Management
Florida
+$2.45M
3
Barclays
Barclays
United Kingdom
+$2.39M
4
NHFG
New Harbor Financial Group
Massachusetts
+$1.5M
5
RJA
Raymond James & Associates
Florida
+$922K

Top Sellers

1
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.15M
2
LPL Financial
LPL Financial
California
-$1.51M
3
UBS Group
UBS Group
Switzerland
-$1.47M
4
GS
Girard Securities
California
-$1.38M
5
FIMG
Financial & Investment Management Group
Michigan
-$1M
Name Holding Trade Value Shares
Change 		Change in
Stake
FIM
1
Frontier Investment Management
Texas
$81.9M +$455K +35,647 +6%
RCM
2
Rivernorth Capital Management
Florida
$24.8M +$2.45M +191,530 +11%
PMG
3
Private Management Group
California
$10.7M -$224K -17,554 -2%
Wells Fargo
4
Wells Fargo
California
$10.2M +$572K +44,756 +6%
Invesco
5
Invesco
Georgia
$8.13M -$264K -20,642 -3%
Morgan Stanley
6
Morgan Stanley
New York
$7.68M +$283K +22,152 +4%
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$7.37M +$3.42M +268,104 +83%
EAM
8
Evanson Asset Management
California
$6.96M -$53.3K -4,172 -0.7%
KLI
9
Kelman-Lazarov Inc
Tennessee
$6.23M +$231K +18,125 +4%
CFP
10
Cornerstone Financial Partners
North Carolina
$6.09M +$445K +34,854 +8%
FIMG
11
Financial & Investment Management Group
Michigan
$5.6M -$1M -78,364 -15%
IWC
12
Integrated Wealth Counsel
California
$5.04M -$483K -37,792 -9%
1CP
13
1607 Capital Partners
Virginia
$4.35M -$251K -19,682 -5%
PHS
14
Pekin Hardy Strauss
Illinois
$4.04M -$32.6K -2,550 -0.8%
WCM
15
Windsor Capital Management
Arizona
$4.01M -$192K -15,056 -4%
Bank of America
16
Bank of America
North Carolina
$3.44M +$65.8K +5,150 +2%
Ameriprise
17
Ameriprise
Minnesota
$2.76M +$869K +68,037 +45%
HighTower Advisors
18
HighTower Advisors
Illinois
$2.67M +$18.8K +1,472 +0.7%
UBS Group
19
UBS Group
Switzerland
$2.44M -$1.47M -115,422 -37%
Barclays
20
Barclays
United Kingdom
$2.33M +$2.39M +186,800 New
Thrivent Financial for Lutherans
21
Thrivent Financial for Lutherans
Minnesota
$2.15M – – –
AssetMark Inc
22
AssetMark Inc
California
$2.15M -$103K -8,054 -4%
GAM
23
Gould Asset Management
California
$2M +$60.5K +4,739 +3%
NHFG
24
New Harbor Financial Group
Massachusetts
$1.97M +$1.5M +117,424 +290%
RJA
25
Raymond James & Associates
Florida
$1.75M +$922K +72,189 +106%
1
2 3 4 5

SABA Hedge Fund Activity: Q3 2016 in Review

127 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2016, worth a combined $248M — up 44% from $172M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of SABA and 10 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 39 added.

The largest buyer was Commonwealth Equity Services, adding an estimated $3.42M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $2.15M.

  • 127 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2016, down from 131 in Q2 2016.
  • Funds reported $248M of Saba Capital Income & Opportunities Fund II stock for Q3 2016, up 44% quarter-over-quarter.
  • 10 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2016 and 14 closed out, a net change of -4 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2016 was Commonwealth Equity Services, an estimated $3.42M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2016 was Raymond James Financial Services Advisors, an estimated $2.15M sold.

Based on aggregated 13F filings for Q3 2016.