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SABA

Saba Capital Income & Opportunities Fund II
SABA

138 hedge funds and large institutions have $297M invested in Saba Capital Income & Opportunities Fund II in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 3 → 6 (+3)

23% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 13

22% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 36

11% more capital invested

Capital invested by funds: $268M → $297M (+$29.6M)

1% more funds holding

Funds holding: 136 → 138 (+2)

1.27% more ownership

Funds ownership: 14.04% → 15.31% (+1.3%)

Holders
138
Holders Change
+2
Holders Change %
+1.47%
% of All Funds
3.16%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.14%
New
16
Increased
44
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NWM
Nicola Wealth Management
British Columbia, Canada
+$12.6M
2
RCM
Rivernorth Capital Management
Florida
+$3.35M
3
CRC
Curi RMB Capital
Illinois
+$2.59M
4
Stifel Financial
Stifel Financial
Missouri
+$1.38M
5
Wells Fargo
Wells Fargo
California
+$1.38M

Top Sellers

1
GAM
Gould Asset Management
California
-$1.99M
2
AA
Altman Advisors
Illinois
-$1.81M
3
PMG
Private Management Group
California
-$845K
4
ECM
Elgethun Capital Management
South Dakota
-$597K
5
SCM
Saba Capital Management
New York
-$514K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$30.7M +$1.38M +108,937 +5%
RCM
2
Rivernorth Capital Management
Florida
$30M +$3.35M +265,555 +12%
ECM
3
Evergreen Capital Management
Washington
$25.3M – – –
CWM
4
Cornerstone Wealth Management
Missouri
$16.2M +$523K +41,407 +511%
NWM
5
Nicola Wealth Management
British Columbia, Canada
$16.1M +$12.6M +997,500 New
FIM
6
Frontier Investment Management
Texas
$12.4M +$822K +65,137 +7%
PHS
7
Pekin Hardy Strauss
Illinois
$12.1M +$1.08M +85,530 +9%
Invesco
8
Invesco
Georgia
$10.6M -$234K -18,537 -2%
NSIM
9
North Star Investment Management
Illinois
$10.1M +$163K +12,872 +2%
PMG
10
Private Management Group
California
$9.88M -$845K -66,947 -8%
FIMG
11
Financial & Investment Management Group
Michigan
$8.59M +$1.37M +108,140 +18%
Morgan Stanley
12
Morgan Stanley
New York
$8.16M -$493K -39,015 -6%
KLI
13
Kelman-Lazarov Inc
Tennessee
$6.88M -$30.4K -2,408 -0.4%
JFA
14
JNBA Financial Advisors
Minnesota
$6.66M +$421K +33,380 +7%
EAM
15
Evanson Asset Management
California
$6.21M -$80.6K -6,382 -1%
SCM
16
Saba Capital Management
New York
$5.77M -$514K -40,691 -8%
Bank of America
17
Bank of America
North Carolina
$5.12M -$257K -20,392 -5%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$4.75M +$396K +31,383 +9%
WMG
19
WESCAP Management Group
California
$4.16M -$106K -8,404 -2%
RCM
20
RB Capital Management
Nevada
$3.86M -$203K -16,113 -5%
1CP
21
1607 Capital Partners
Virginia
$3.69M -$176K -13,917 -4%
Ameriprise
22
Ameriprise
Minnesota
$3.41M +$143K +11,294 +4%
HighTower Advisors
23
HighTower Advisors
Illinois
$3.41M +$224K +17,747 +7%
WCM
24
Windsor Capital Management
Arizona
$3.33M -$125K -9,911 -4%
Barclays
25
Barclays
United Kingdom
$2.99M -$133K -10,500 -4%
1
2 3 4 5

SABA Hedge Fund Activity: Q2 2018 in Review

138 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2018, worth a combined $297M — up 11% from $268M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SABA positions and 13 closed out — a net gain of 3 holders — while 44 added to existing stakes and 36 trimmed.

The largest buyer was Nicola Wealth Management, opening a new position worth an estimated $12.6M. The largest seller was Gould Asset Management, cutting an estimated $1.99M.

  • 138 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2018, up from 136 in Q1 2018.
  • Funds reported $297M of Saba Capital Income & Opportunities Fund II stock for Q2 2018, up 11% quarter-over-quarter.
  • 16 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2018 and 13 closed out, a net change of +3 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2018 was Nicola Wealth Management, an estimated $12.6M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q2 2018 was Gould Asset Management, an estimated $1.99M sold.

Based on aggregated 13F filings for Q2 2018.