Saba Capital Income & Opportunities Fund II
SABA
144 hedge funds and large institutions have $276M invested in Saba Capital Income & Opportunities Fund II in 2018 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 19 closing their positions.
47% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 19
24% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 38
7% more funds holding
Funds holding: 135 → 144 (+9)
3% more capital invested
Capital invested by funds: $268M → $276M (+$8.3M)
0.98% more ownership
Funds ownership: 14.56% → 15.53% (+0.98%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFA
JNBA Financial Advisors
Bloomington,
Minnesota
|
+$7.06M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.34M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.27M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.6M |
| 5 |
RCG
Ruggie Capital Group
Tavares,
Florida
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.34M |
| 2 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
-$1.13M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$991K |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
-$893K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$838K |
SABA Hedge Fund Activity: Q4 2018 in Review
144 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2018, worth a combined $276M — up 3.1% from $268M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new SABA positions and 19 closed out — a net gain of 9 holders — while 47 added to existing stakes and 38 trimmed.
The largest buyer was JNBA Financial Advisors, opening a new position worth an estimated $7.06M. The largest seller was Morgan Stanley, cutting an estimated $1.34M.
- 144 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2018, up from 135 in Q3 2018.
- Funds reported $276M of Saba Capital Income & Opportunities Fund II stock for Q4 2018, up 3.1% quarter-over-quarter.
- 28 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2018 and 19 closed out, a net change of +9 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2018 was JNBA Financial Advisors, an estimated $7.06M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q4 2018 was Morgan Stanley, an estimated $1.34M sold.
Based on aggregated 13F filings for Q4 2018.