Saba Capital Income & Opportunities Fund II
SABA
132 hedge funds and large institutions have $256M invested in Saba Capital Income & Opportunities Fund II in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 53 increasing their positions, 27 reducing their positions, and 17 closing their positions.
96% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.22% less ownership
Funds ownership: 30.29% → 30.07% (-0.22%)
6% less funds holding
Funds holding: 140 → 132 (-8)
11% less capital inflows, than outflows
Capital inflows: $37.5M | Capital outflows: $41.9M
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Evergreen Capital Management
Bellevue,
Washington
|
+$20.5M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.75M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.46M |
| 4 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$1.44M |
| 5 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nicola Wealth Management
Vancouver,
British Columbia, Canada
|
-$15.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$10.6M |
| 3 |
Private Management Group
Irvine,
California
|
-$5.61M |
| 4 |
North Star Investment Management
Chicago,
Illinois
|
-$2.61M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.09M |
SABA Hedge Fund Activity: Q2 2019 in Review
132 of the 4,626 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2019, worth a combined $256M — down 8.7% from $281M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of SABA and 12 opened new positions — a net loss of 5 holders — while 27 trimmed existing stakes and 53 added.
The largest buyer was Evergreen Capital Management, opening a new position worth an estimated $20.5M. The largest seller was Nicola Wealth Management, exiting entirely with an estimated $15.1M sold.
- 132 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2019, down from 140 in Q1 2019.
- Funds reported $256M of Saba Capital Income & Opportunities Fund II stock for Q2 2019, down 8.7% quarter-over-quarter.
- 12 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2019 and 17 closed out, a net change of -5 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2019 was Evergreen Capital Management, an estimated $20.5M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q2 2019 was Nicola Wealth Management, an estimated $15.1M sold.
Based on aggregated 13F filings for Q2 2019.