Saba Capital Income & Opportunities Fund II
SABA
78 hedge funds and large institutions have $130M invested in Saba Capital Income & Opportunities Fund II in 2025 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 23 reducing their positions, and 12 closing their positions.
6% more capital invested
Capital invested by funds: $123M → $130M (+$7.45M)
4% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 23
0.24% more ownership
Funds ownership: 49.84% → 50.08% (+0.24%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 85 → 78 (-7)
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.23M |
| 2 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
+$775K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$740K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$431K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$429K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.14M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.48M |
| 3 |
CL
Choreo LLC
Rockford,
Illinois
|
-$768K |
| 4 |
HF
HRT Financial
New York
|
-$224K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$152K |
SABA Hedge Fund Activity: Q2 2025 in Review
78 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q2 2025, worth a combined $130M — up 6.1% from $123M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SABA and 7 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 24 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.23M. The largest seller was Morgan Stanley, cutting an estimated $2.14M.
- 78 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q2 2025, down from 85 in Q1 2025.
- Funds reported $130M of Saba Capital Income & Opportunities Fund II stock for Q2 2025, up 6.1% quarter-over-quarter.
- 7 funds opened new Saba Capital Income & Opportunities Fund II positions in Q2 2025 and 12 closed out, a net change of -5 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q2 2025 was Rivernorth Capital Management, an estimated $2.23M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q2 2025 was Morgan Stanley, an estimated $2.14M sold.
Based on aggregated 13F filings for Q2 2025.