Saba Capital Income & Opportunities Fund II
SABA
140 hedge funds and large institutions have $281M invested in Saba Capital Income & Opportunities Fund II in 2019 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 46 increasing their positions, 34 reducing their positions, and 19 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 34
2% more capital invested
Capital invested by funds: $276M → $281M (+$4.82M)
0.39% less ownership
Funds ownership: 15.53% → 15.14% (-0.39%)
3% less funds holding
Funds holding: 144 → 140 (-4)
16% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 19
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$4.65M |
| 2 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$2.49M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.84M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.7M |
| 5 |
GIP
Greatmark Investment Partners
Columbus,
Georgia
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
Private Management Group
Irvine,
California
|
-$4.41M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$3.56M |
| 3 |
RCG
Ruggie Capital Group
Tavares,
Florida
|
-$1.25M |
| 4 |
NWM
Nicola Wealth Management
Vancouver,
British Columbia, Canada
|
-$1.25M |
| 5 |
KLI
Kelman-Lazarov Inc
Memphis,
Tennessee
|
-$714K |
SABA Hedge Fund Activity: Q1 2019 in Review
140 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2019, worth a combined $281M — up 1.7% from $276M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SABA and 16 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 46 added.
The largest buyer was Baird Financial Group, adding an estimated $4.65M. The largest seller was Private Management Group, cutting an estimated $4.41M.
- 140 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2019, down from 144 in Q4 2018.
- Funds reported $281M of Saba Capital Income & Opportunities Fund II stock for Q1 2019, up 1.7% quarter-over-quarter.
- 16 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2019 and 19 closed out, a net change of -3 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2019 was Baird Financial Group, an estimated $4.65M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q1 2019 was Private Management Group, an estimated $4.41M sold.
Based on aggregated 13F filings for Q1 2019.