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SABA

Saba Capital Income & Opportunities Fund II
SABA

136 hedge funds and large institutions have $273M invested in Saba Capital Income & Opportunities Fund II in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 37

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.74% less ownership

Funds ownership: 15.31% → 14.57% (-0.74%)

1% less funds holding

Funds holding: 138 → 136 (-2)

8% less capital invested

Capital invested by funds: $297M → $273M (-$24.8M)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

Holders
136
Holders Change
-2
Holders Change %
-1.45%
% of All Funds
3.11%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
14
Increased
46
Reduced
37
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FIM
Frontier Investment Management
Texas
+$3.17M
2
PPA
Parametric Portfolio Associates
Washington
+$2.12M
3
Wells Fargo
Wells Fargo
California
+$1.86M
4
AA
Altman Advisors
Illinois
+$1.84M
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$799K

Top Sellers

1
JFA
JNBA Financial Advisors
Minnesota
-$6.66M
2
SCM
Saba Capital Management
New York
-$5.77M
3
WMG
WESCAP Management Group
California
-$4.01M
4
RCM
RB Capital Management
Nevada
-$3.02M
5
CRC
Curi RMB Capital
Illinois
-$2.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$32.5M +$1.86M +151,348 +6%
RCM
2
Rivernorth Capital Management
Florida
$30.4M +$531K +43,290 +2%
ECM
3
Evergreen Capital Management
Washington
$25.3M – – –
NWM
4
Nicola Wealth Management
British Columbia, Canada
$15.8M – – –
FIM
5
Frontier Investment Management
Texas
$15.5M +$3.17M +258,151 +26%
PHS
6
Pekin Hardy Strauss
Illinois
$12.3M +$256K +20,875 +2%
Invesco
7
Invesco
Georgia
$11.2M +$680K +55,390 +6%
NSIM
8
North Star Investment Management
Illinois
$10.5M +$354K +28,844 +3%
PMG
9
Private Management Group
California
$9.79M -$57.3K -4,668 -0.6%
Morgan Stanley
10
Morgan Stanley
New York
$8.43M +$304K +24,742 +4%
FIMG
11
Financial & Investment Management Group
Michigan
$8.32M -$244K -19,928 -3%
KLI
12
Kelman-Lazarov Inc
Tennessee
$6.97M +$113K +9,218 +2%
EAM
13
Evanson Asset Management
California
$6.17M -$15.4K -1,258 -0.2%
Bank of America
14
Bank of America
North Carolina
$5.42M +$322K +26,228 +6%
CWM
15
Cornerstone Wealth Management
Missouri
$4.99M -$403K -32,830 -66%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$4.03M -$710K -57,903 -15%
PPA
17
Parametric Portfolio Associates
Washington
$3.88M +$2.12M +173,118 +121%
1CP
18
1607 Capital Partners
Virginia
$3.79M +$110K +9,000 +3%
Ameriprise
19
Ameriprise
Minnesota
$3.6M +$199K +16,260 +6%
HighTower Advisors
20
HighTower Advisors
Illinois
$3.48M +$78.8K +6,425 +2%
WCM
21
Windsor Capital Management
Arizona
$3.16M -$154K -12,524 -5%
Stifel Financial
22
Stifel Financial
Missouri
$2.84M +$390K +31,749 +16%
RJA
23
Raymond James & Associates
Florida
$2.56M -$331K -26,990 -11%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$2.48M +$130K +10,557 +5%
Thrivent Financial for Lutherans
25
Thrivent Financial for Lutherans
Minnesota
$2.33M – – –
1
2 3 4 5

SABA Hedge Fund Activity: Q3 2018 in Review

136 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2018, worth a combined $273M — down 8.3% from $297M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of SABA and 14 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 46 added.

The largest buyer was Frontier Investment Management, adding an estimated $3.17M. The largest seller was JNBA Financial Advisors, exiting entirely with an estimated $6.66M sold.

  • 136 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2018, down from 138 in Q2 2018.
  • Funds reported $273M of Saba Capital Income & Opportunities Fund II stock for Q3 2018, down 8.3% quarter-over-quarter.
  • 14 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2018 and 16 closed out, a net change of -2 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2018 was Frontier Investment Management, an estimated $3.17M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2018 was JNBA Financial Advisors, an estimated $6.66M sold.

Based on aggregated 13F filings for Q3 2018.