Saba Capital Income & Opportunities Fund II
SABA
148 hedge funds and large institutions have $268M invested in Saba Capital Income & Opportunities Fund II in 2019 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 47 increasing their positions, 42 reducing their positions, and 9 closing their positions.
222% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 9
13% more funds holding
Funds holding: 131 → 148 (+17)
12% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 42
8% more capital invested
Capital invested by funds: $249M → $268M (+$19M)
1.19% more ownership
Funds ownership: 15.11% → 16.3% (+1.2%)
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$10.5M |
| 2 |
Millennium Management
New York
|
+$6.31M |
| 3 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$2.29M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$2.03M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
-$5.11M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.52M |
| 3 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
-$1.61M |
| 4 |
JFA
JNBA Financial Advisors
Bloomington,
Minnesota
|
-$1.4M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.39M |
SABA Hedge Fund Activity: Q4 2019 in Review
148 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2019, worth a combined $268M — up 7.6% from $249M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new SABA positions and 9 closed out — a net gain of 20 holders — while 47 added to existing stakes and 42 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $10.5M. The largest seller was Pekin Hardy Strauss, cutting an estimated $5.11M.
- 148 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2019, up from 131 in Q3 2019.
- Funds reported $268M of Saba Capital Income & Opportunities Fund II stock for Q4 2019, up 7.6% quarter-over-quarter.
- 29 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2019 and 9 closed out, a net change of +20 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2019 was Penserra Capital Management, an estimated $10.5M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q4 2019 was Pekin Hardy Strauss, an estimated $5.11M sold.
Based on aggregated 13F filings for Q4 2019.