Saba Capital Income & Opportunities Fund II
SABA
111 hedge funds and large institutions have $95.8M invested in Saba Capital Income & Opportunities Fund II in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 19 increasing their positions, 39 reducing their positions, and 22 closing their positions.
2% more funds holding
Funds holding: 109 → 111 (+2)
9% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 22
9.07% less ownership
Funds ownership: 31.42% → 22.35% (-9.1%)
51% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 39
62% less capital invested
Capital invested by funds: $249M → $95.8M (-$153M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.73M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.25M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$1.09M |
| 4 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$531K |
| 5 |
FSI
Flow State Investments
Chicago,
Illinois
|
+$523K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$89M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$25.6M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$12M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$6.79M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$5.91M |
SABA Hedge Fund Activity: Q4 2023 in Review
111 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2023, worth a combined $95.8M — down 62% from $249M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new SABA positions and 22 closed out — a net gain of 2 holders — while 19 added to existing stakes and 39 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $7.73M. The largest seller was Saba Capital Management, cutting an estimated $89M.
- 111 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2023, up from 109 in Q3 2023.
- Funds reported $95.8M of Saba Capital Income & Opportunities Fund II stock for Q4 2023, down 62% quarter-over-quarter.
- 24 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2023 and 22 closed out, a net change of +2 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2023 was Rivernorth Capital Management, an estimated $7.73M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q4 2023 was Saba Capital Management, an estimated $89M sold.
Based on aggregated 13F filings for Q4 2023.