Saba Capital Income & Opportunities Fund II
SABA
87 hedge funds and large institutions have $120M invested in Saba Capital Income & Opportunities Fund II in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 5 closing their positions.
260% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more funds holding
Funds holding: 74 → 87 (+13)
1.91% less ownership
Funds ownership: 53.3% → 51.39% (-1.9%)
11% less capital invested
Capital invested by funds: $134M → $120M (-$14.4M)
29% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$8.92M |
| 2 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$603K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$560K |
| 4 |
HC
Hara Capital
Bellevue,
Washington
|
+$418K |
| 5 |
KFA
Kelleher Financial Advisors
New York
|
+$238K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$9.29M |
| 2 |
SCM
Saba Capital Management
New York
|
-$3.83M |
| 3 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
-$2.95M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$1.89M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.72M |
SABA Hedge Fund Activity: Q4 2025 in Review
87 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q4 2025, worth a combined $120M — down 11% from $134M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new SABA positions and 5 closed out — a net gain of 13 holders — while 20 added to existing stakes and 28 trimmed.
The largest buyer was Focus Partners Wealth, opening a new position worth an estimated $8.92M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $9.29M sold.
- 87 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q4 2025, up from 74 in Q3 2025.
- Funds reported $120M of Saba Capital Income & Opportunities Fund II stock for Q4 2025, down 11% quarter-over-quarter.
- 18 funds opened new Saba Capital Income & Opportunities Fund II positions in Q4 2025 and 5 closed out, a net change of +13 holders.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q4 2025 was Focus Partners Wealth, an estimated $8.92M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q4 2025 was Kovitz Investment Group Partners, an estimated $9.29M sold.
Based on aggregated 13F filings for Q4 2025.