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SABA

Saba Capital Income & Opportunities Fund II
SABA

136 hedge funds and large institutions have $268M invested in Saba Capital Income & Opportunities Fund II in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 46 increasing their positions, 32 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

44% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 32

3% more capital invested

Capital invested by funds: $259M → $268M (+$8.79M)

0.71% more ownership

Funds ownership: 13.33% → 14.04% (+0.71%)

3% less funds holding

Funds holding: 140 → 136 (-4)

15% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 20

Holders
136
Holders Change
-4
Holders Change %
-2.86%
% of All Funds
3.12%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
17
Increased
46
Reduced
32
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$6.55M
2
FIMG
Financial & Investment Management Group
Michigan
+$5.26M
3
Wells Fargo
Wells Fargo
California
+$4.65M
4
PHS
Pekin Hardy Strauss
Illinois
+$4.22M
5
RCM
Rivernorth Capital Management
Florida
+$1.88M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$2.53M
2
Geode Capital Management
Geode Capital Management
Massachusetts
-$1.45M
3
LCM
Landscape Capital Management
New Jersey
-$937K
4
AWA
Arete Wealth Advisors
Illinois
-$706K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$691K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$30.6M +$4.65M +362,388 +18%
RCM
2
Rivernorth Capital Management
Florida
$27.8M +$1.88M +146,723 +7%
ECM
3
Evergreen Capital Management
Washington
$26.7M – – –
FIM
4
Frontier Investment Management
Texas
$12M +$285K +22,225 +2%
PHS
5
Pekin Hardy Strauss
Illinois
$11.5M +$4.22M +329,301 +58%
Invesco
6
Invesco
Georgia
$11.2M +$283K +22,096 +3%
PMG
7
Private Management Group
California
$11.1M -$160K -12,499 -1%
NSIM
8
North Star Investment Management
Illinois
$10.4M +$508K +39,594 +5%
Morgan Stanley
9
Morgan Stanley
New York
$8.99M -$2.53M -197,398 -22%
FIMG
10
Financial & Investment Management Group
Michigan
$7.56M +$5.26M +410,076 +226%
KLI
11
Kelman-Lazarov Inc
Tennessee
$7.19M +$104K +8,131 +1%
EAM
12
Evanson Asset Management
California
$6.54M -$150K -11,700 -2%
SCM
13
Saba Capital Management
New York
$6.53M +$6.55M +510,674 New
JFA
14
JNBA Financial Advisors
Minnesota
$6.51M +$544K +42,423 +9%
Bank of America
15
Bank of America
North Carolina
$5.59M +$85.3K +6,655 +2%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$4.54M -$593K -46,264 -12%
WMG
17
WESCAP Management Group
California
$4.44M +$147K +11,493 +3%
RCM
18
RB Capital Management
Nevada
$4.23M +$154 +12 +0%
1CP
19
1607 Capital Partners
Virginia
$4.01M -$8.33K -650 -0.2%
WCM
20
Windsor Capital Management
Arizona
$3.59M -$124K -9,679 -3%
Ameriprise
21
Ameriprise
Minnesota
$3.41M +$95.4K +7,440 +3%
HighTower Advisors
22
HighTower Advisors
Illinois
$3.32M +$113K +8,801 +4%
Barclays
23
Barclays
United Kingdom
$3.24M -$211K -16,450 -6%
RJA
24
Raymond James & Associates
Florida
$3.16M +$12.8K +999 +0.4%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$2.54M -$24.3K -1,898 -0.9%
1
2 3 4 5

SABA Hedge Fund Activity: Q1 2018 in Review

136 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2018, worth a combined $268M — up 3.4% from $259M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of SABA and 17 opened new positions — a net loss of 3 holders — while 32 trimmed existing stakes and 46 added.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $6.55M. The largest seller was Morgan Stanley, cutting an estimated $2.53M.

  • 136 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2018, down from 140 in Q4 2017.
  • Funds reported $268M of Saba Capital Income & Opportunities Fund II stock for Q1 2018, up 3.4% quarter-over-quarter.
  • 17 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2018 and 20 closed out, a net change of -3 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2018 was Saba Capital Management, an estimated $6.55M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q1 2018 was Morgan Stanley, an estimated $2.53M sold.

Based on aggregated 13F filings for Q1 2018.