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SABA

Saba Capital Income & Opportunities Fund II

140 hedge funds and large institutions have $259M invested in Saba Capital Income & Opportunities Fund II in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 33 increasing their positions, 40 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 14

15% more funds holding

Funds holding: 122140 (+18)

3% more capital invested

Capital invested by funds: $250M → $259M (+$8.69M)

0.95% more ownership

Funds ownership: 12.38%13.33% (+0.95%)

18% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 40

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

Holders
140
Holders Change
+18
Holders Change %
+14.75%
% of All Funds
3.18%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
32
Increased
33
Reduced
40
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
ECM
1
Evergreen Capital Management
Washington
$28.2M
Wells Fargo
2
Wells Fargo
California
$26.2M +$8.06M +612,212 +43%
RCM
3
Rivernorth Capital Management
Florida
$26.2M +$2.99M +227,329 +13%
FIM
4
Frontier Investment Management
Texas
$11.9M +$706K +53,641 +6%
Morgan Stanley
5
Morgan Stanley
New York
$11.6M -$360K -27,348 -3%
PMG
6
Private Management Group
California
$11.4M -$147K -11,195 -1%
Invesco
7
Invesco
Georgia
$11.1M +$489K +37,128 +5%
NSIM
8
North Star Investment Management
Illinois
$10M +$882K +67,025 +9%
PHS
9
Pekin Hardy Strauss
Illinois
$7.39M +$441K +33,505 +6%
KLI
10
Kelman-Lazarov Inc
Tennessee
$7.16M +$257K +19,562 +4%
EAM
11
Evanson Asset Management
California
$6.77M -$96.1K -7,305 -1%
CFP
12
Cornerstone Financial Partners
North Carolina
$6.75M -$667K -50,680 -9%
JFA
13
JNBA Financial Advisors
Minnesota
$6.03M +$742K +56,395 +14%
Bank of America
14
Bank of America
North Carolina
$5.56M +$147K +11,165 +3%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$5.19M -$131K -9,951 -2%
WMG
16
WESCAP Management Group
California
$4.34M +$1.39M +105,892 +46%
RCM
17
RB Capital Management
Nevada
$4.27M -$60.9K -4,629 -1%
1CP
18
1607 Capital Partners
Virginia
$4.07M +$87K +6,609 +2%
WCM
19
Windsor Capital Management
Arizona
$3.75M -$111K -8,440 -3%
Barclays
20
Barclays
United Kingdom
$3.49M
Ameriprise
21
Ameriprise
Minnesota
$3.35M +$151K +11,488 +5%
HighTower Advisors
22
HighTower Advisors
Illinois
$3.24M +$54.4K +4,138 +2%
RJA
23
Raymond James & Associates
Florida
$3.19M -$33.2K -2,521 -1%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$2.6M +$158K +12,032 +6%
LCM
25
Landscape Capital Management
New Jersey
$2.57M +$1.44M +109,767 +123%

SABA Hedge Fund Activity: Q4 2017 in Review

140 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2017, worth a combined $259M — up 3.5% from $250M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new SABA positions and 14 closed out — a net gain of 18 holders — while 33 added to existing stakes and 40 trimmed.

The largest buyer was Wells Fargo, adding an estimated $8.06M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $1.1M sold.

  • 140 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2017, up from 122 in Q3 2017.
  • Funds reported $259M of Saba Capital Income & Opportunities Fund II stock for Q4 2017, up 3.5% quarter-over-quarter.
  • 32 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2017 and 14 closed out, a net change of +18 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2017 was Wells Fargo, an estimated $8.06M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q4 2017 was Curi RMB Capital, an estimated $1.1M sold.

Based on aggregated 13F filings for Q4 2017.