Saba Capital Income & Opportunities Fund II
SABA
85 hedge funds and large institutions have $123M invested in Saba Capital Income & Opportunities Fund II in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 27 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
2% more funds holding
Funds holding: 83 → 85 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.1% less ownership
Funds ownership: 49.94% → 49.84% (-0.1%)
4% less capital invested
Capital invested by funds: $128M → $123M (-$5.25M)
26% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.39M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.72M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.71M |
| 4 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$1.21M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$835K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$5.46M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.01M |
| 3 |
Morgan Stanley
New York
|
-$1.67M |
| 4 |
HC
Hara Capital
Bellevue,
Washington
|
-$964K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$670K |
SABA Hedge Fund Activity: Q1 2025 in Review
85 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2025, worth a combined $123M — down 4.1% from $128M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SABA positions and 10 closed out — a net gain of 3 holders — while 20 added to existing stakes and 27 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $2.39M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $5.46M sold.
- 85 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2025, up from 83 in Q4 2024.
- Funds reported $123M of Saba Capital Income & Opportunities Fund II stock for Q1 2025, down 4.1% quarter-over-quarter.
- 13 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2025 and 10 closed out, a net change of +3 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2025 was Thomas J. Herzfeld Advisors, an estimated $2.39M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q1 2025 was Penserra Capital Management, an estimated $5.46M sold.
Based on aggregated 13F filings for Q1 2025.