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SABA

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.

New
Increased
Maintained
Reduced
Closed

1.82% more ownership

Funds ownership: 21.32% → 23.14% (+1.8%)

5% more capital invested

Capital invested by funds: $315M → $330M (+$15M)

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

Holders
138
Holders Change
-15
Holders Change %
-9.8%
% of All Funds
2.42%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
33
Reduced
56
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$22.3M
2
PPA
Parametric Portfolio Associates
Washington
+$15.6M
3
SIA
Sit Investment Associates
Minnesota
+$10.6M
4
COLIM
City of London Investment Management
United Kingdom
+$6.35M
5
CSIC
Clifford Swan Investment Counsel
California
+$2.53M

Top Sellers

1
PCM
Penserra Capital Management
California
-$11.2M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$4.82M
3
VCM
Vivaldi Capital Management
Illinois
-$2.52M
4
BFS
Bard Financial Services
Connecticut
-$1.97M
5
Morgan Stanley
Morgan Stanley
New York
-$1.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$130M +$22.3M +2,024,271 +20%
PPA
2
Parametric Portfolio Associates
Washington
$36.8M +$15.6M +1,415,478 +69%
SIA
3
Sit Investment Associates
Minnesota
$17.8M +$10.6M +966,677 +137%
1CP
4
1607 Capital Partners
Virginia
$13M +$1.11M +101,000 +9%
RCM
5
Rivernorth Capital Management
Florida
$11.7M -$200K -18,206 -2%
ECM
6
Evergreen Capital Management
Washington
$11.7M -$38.5K -3,501 -0.3%
BFS
7
Bard Financial Services
Connecticut
$10.1M -$1.97M -179,054 -16%
Invesco
8
Invesco
Georgia
$9.89M -$626K -56,870 -6%
Wells Fargo
9
Wells Fargo
California
$8.88M -$926K -84,079 -9%
COLIM
10
City of London Investment Management
United Kingdom
$6.61M +$6.35M +577,002 +1,326%
Morgan Stanley
11
Morgan Stanley
New York
$5.75M -$1.75M -158,764 -23%
PHS
12
Pekin Hardy Strauss
Illinois
$4.11M +$112K +10,130 +3%
EAM
13
Evanson Asset Management
California
$3.88M -$96.4K -8,755 -2%
RJA
14
Raymond James & Associates
Florida
$3.75M -$25.1K -2,284 -0.6%
HighTower Advisors
15
HighTower Advisors
Illinois
$3.54M -$159K -14,423 -4%
Ameriprise
16
Ameriprise
Minnesota
$3.43M -$273K -24,770 -7%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$3.06M +$236K +21,415 +8%
TFF
18
The Family Firm
Maryland
$2.84M +$193K +17,493 +7%
JFA
19
JNBA Financial Advisors
Minnesota
$2.74M -$11K -1,003 -0.4%
CSIC
20
Clifford Swan Investment Counsel
California
$2.44M +$2.53M +229,845 New
Bank of America
21
Bank of America
North Carolina
$2.37M -$1.46M -132,922 -37%
KOMWMG
22
Kerntke Otto McGlone Wealth Management Group
Wisconsin
$2.02M -$582K -52,894 -22%
UR
23
USCA RIA
Texas
$2.01M -$8.96K -814 -0.4%
BI
24
Bulldog Investors
New Jersey
$1.98M +$433K +39,345 +27%
AHC
25
Anderson Hoagland & Co
Missouri
$1.41M -$173K -15,722 -11%
1
2 3 4 5

SABA Hedge Fund Activity: Q1 2021 in Review

138 of the 5,695 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 4.8% 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 4.8% 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.