Saba Capital Income & Opportunities Fund II
SABA
141 hedge funds and large institutions have $241M invested in Saba Capital Income & Opportunities Fund II in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 48 increasing their positions, 43 reducing their positions, and 16 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 43
9% more capital invested
Capital invested by funds: $220M → $241M (+$20.7M)
1.38% more ownership
Funds ownership: 15.34% → 16.72% (+1.4%)
5% less funds holding
Funds holding: 148 → 141 (-7)
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$20M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.35M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.08M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.02M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIM
Frontier Investment Management
Dallas,
Texas
|
-$5.95M |
| 2 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
-$2.79M |
| 3 |
KLI
Kelman-Lazarov Inc
Memphis,
Tennessee
|
-$1.38M |
| 4 |
GIP
Greatmark Investment Partners
Columbus,
Georgia
|
-$1.22M |
| 5 |
Goldman Sachs
New York
|
-$810K |
SABA Hedge Fund Activity: Q2 2020 in Review
141 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2020, worth a combined $241M — up 9.4% from $220M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SABA and 9 opened new positions — a net loss of 7 holders — while 43 trimmed existing stakes and 48 added.
The largest buyer was Saba Capital Management, adding an estimated $20M. The largest seller was Frontier Investment Management, cutting an estimated $5.95M.
- 141 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2020, down from 148 in Q1 2020.
- Funds reported $241M of Saba Capital Income & Opportunities Fund II stock for Q2 2020, up 9.4% quarter-over-quarter.
- 9 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2020 and 16 closed out, a net change of -7 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2020 was Saba Capital Management, an estimated $20M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q2 2020 was Frontier Investment Management, an estimated $5.95M sold.
Based on aggregated 13F filings for Q2 2020.