Saba Capital Income & Opportunities Fund II
SABA
87 hedge funds and large institutions have $118M invested in Saba Capital Income & Opportunities Fund II in 2026 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 23 reducing their positions, and 9 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
13% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 23
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
0% more funds holding
Funds holding: 87 → 87 (0)
2% less capital invested
Capital invested by funds: $120M → $118M (-$2.24M)
1.38% less ownership
Funds ownership: 51.39% → 50.01% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$8.75M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$2.31M |
| 3 |
HC
Hara Capital
Bellevue,
Washington
|
+$1.28M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.15M |
| 5 |
RL
RPO LLC
Stamford,
Connecticut
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$6.65M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$5.37M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.66M |
| 4 |
SMA
Seven Mile Advisory
Ewing,
New Jersey
|
-$2.01M |
| 5 |
Morgan Stanley
New York
|
-$767K |
SABA Hedge Fund Activity: Q1 2026 in Review
87 of the 8,184 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q1 2026, worth a combined $118M — down 1.9% from $120M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SABA positions and 9 closed out — a net gain of 1 holder — while 26 added to existing stakes and 23 trimmed.
The largest buyer was Toronto Dominion Bank, opening a new position worth an estimated $8.75M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $6.65M.
- 87 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q1 2026, unchanged from Q4 2025.
- Funds reported $118M of Saba Capital Income & Opportunities Fund II stock for Q1 2026, down 1.9% quarter-over-quarter.
- 10 funds opened new Saba Capital Income & Opportunities Fund II positions in Q1 2026 and 9 closed out, a net change of +1 holder.
- The largest Saba Capital Income & Opportunities Fund II buyer in Q1 2026 was Toronto Dominion Bank, an estimated $8.75M added.
- The largest Saba Capital Income & Opportunities Fund II seller in Q1 2026 was Thomas J. Herzfeld Advisors, an estimated $6.65M sold.
Based on aggregated 13F filings for Q1 2026.