Saba Capital Income & Opportunities Fund II
SABA
138 hedge funds and large institutions have $330M invested in Saba Capital Income & Opportunities Fund II in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 56 reducing their positions, and 24 closing their positions.
1.82% more ownership
Funds ownership: 21.32% → 23.14% (+1.8%)
5% more capital invested
Capital invested by funds: $315M → $330M (+$14.8M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 153 → 138 (-15)
41% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 56
50% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$22.3M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$15.6M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$10.6M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$6.35M |
| 5 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
+$2.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$11.2M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$4.82M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$2.52M |
| 4 |
BFS
Bard Financial Services
Branford,
Connecticut
|
-$1.97M |
| 5 |
Morgan Stanley
New York
|
-$1.75M |
SABA Hedge Fund Activity: Q1 2021 in Review
138 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2021, worth a combined $330M — up 4.7% from $315M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of SABA and 12 opened new positions — a net loss of 12 holders — while 56 trimmed existing stakes and 33 added.
The largest buyer was Saba Capital Management, adding an estimated $22.3M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $11.2M sold.
- 138 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2021, down from 153 in Q4 2020.
- Funds reported $330M of Saba Capital Income & Opportunities Fund II stock for Q1 2021, up 4.7% quarter-over-quarter.
- 12 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2021 and 24 closed out, a net change of -12 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2021 was Saba Capital Management, an estimated $22.3M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q1 2021 was Penserra Capital Management, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2021.