Saba Capital Income & Opportunities Fund II
SABA
101 hedge funds and large institutions have $240M invested in Saba Capital Income & Opportunities Fund II in 2022 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 31 reducing their positions, and 20 closing their positions.
1.34% more ownership
Funds ownership: 27.38% → 28.71% (+1.3%)
3% less capital invested
Capital invested by funds: $248M → $240M (-$7.92M)
7% less funds holding
Funds holding: 109 → 101 (-8)
23% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 31
40% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 20
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$26.4M |
| 2 |
SCM
Saba Capital Management
New York
|
+$17.7M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.24M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.26M |
| 5 |
Millennium Management
New York
|
+$364K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$10.1M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$7.76M |
| 3 |
Morgan Stanley
New York
|
-$6.61M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
-$3.71M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.45M |
SABA Hedge Fund Activity: Q3 2022 in Review
101 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2022, worth a combined $240M — down 3.2% from $248M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of SABA and 12 opened new positions — a net loss of 8 holders — while 31 trimmed existing stakes and 24 added.
The largest buyer was Franklin Resources, opening a new position worth an estimated $26.4M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $10.1M sold.
- 101 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2022, down from 109 in Q2 2022.
- Funds reported $240M of Saba Capital Income & Opportunities Fund II stock for Q3 2022, down 3.2% quarter-over-quarter.
- 12 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2022 and 20 closed out, a net change of -8 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2022 was Franklin Resources, an estimated $26.4M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q3 2022 was Penserra Capital Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q3 2022.