Who owns SABA
Which tracked institutional funds hold SABA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SABA company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
4 tracked funds added or opened SABA while 5 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SABA’s largest tracked holder by dollar value, RIVERNORTH CAPITAL MANAGEMENT, LLC, sizes it at 1.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SABA divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 81 tracked filers holding SABA, 36 increased or opened the position and 28 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SABA between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 1
- DOLIVER ADVISORS, LP$1M
Full exits 2
- Mutual Advisors, LLC$955K
- Private Advisor Group, LLC$728K
Largest adds
- ENVESTNET ASSET MANAGEMENT INC$2M
- Thomas J. Herzfeld Advisors, Inc.$1M
- OSAIC HOLDINGS, INC.$385K
Largest trims
- RIVERNORTH CAPITAL MANAGEMENT, LLC$1M
- RPO LLC$608K
- Focus Partners Wealth$276K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 2,711,592 | $23M | 16.9% | 2026-Q2 |
| Saba Capital Management, L.P. | 2,190,968 | $18M | 13.7% | 2026-Q2 |
| TORONTO DOMINION BANK | 1,072,525 | $9M | 6.7% | 2026-Q2 |
| Focus Partners Wealth trimmed | 1,008,095 | $8M | 6.3% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 891,603 | $7M | 5.6% | 2026-Q2 |
| Shaker Financial Services, LLC added | 590,213 | $5M | 3.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 578,039 | $5M | 3.6% | 2026-Q2 |
| SCOTIA CAPITAL INC. trimmed | 433,895 | $4M | 2.7% | 2026-Q2 |
| Invesco Ltd. trimmed | 391,374 | $3M | 2.4% | 2026-Q2 |
| Almitas Capital LLC | 347,826 | $3M | 2.2% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 333,996 | $3M | 2.1% | 2026-Q2 |
| Fiera Capital Corp added | 330,990 | $3M | 2.1% | 2026-Q2 |
| FLAX POND CAPITAL, LLC | 299,313 | $2M | 1.9% | 2026-Q2 |
| Advisors Asset Management, Inc. added | 284,797 | $2M | 1.8% | 2026-Q2 |
| Hara Capital LLC trimmed | 251,358 | $2M | 1.6% | 2026-Q2 |
| TrueMark Investments, LLC added | 244,129 | $2M | 1.5% | 2026-Q2 |
| MORGAN STANLEY trimmed | 204,889 | $2M | 1.3% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. added | 204,065 | $2M | 1.3% | 2026-Q2 |
| QUANTIFY CHAOS ADVISORS, LLC added | 194,270 | $2M | 1.2% | 2026-Q2 |
| CSS LLC/IL added | 181,833 | $2M | 1.1% | 2026-Q2 |
| DOLIVER ADVISORS, LP new | 140,000 | $1M | 0.9% | 2026-Q2 |
| Comprehensive Money Management Services LLC added | 127,548 | $1M | 0.8% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 90,968 | $760K | 0.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 89,271 | $745K | 0.6% | 2026-Q2 |
| CHOREO, LLC added | 68,484 | $572K | 0.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 65,914 | $550K | 0.4% | 2026-Q2 |
| Marex Group Ltd added | 62,017 | $518K | 0.4% | 2026-Q2 |
| RPO LLC trimmed | 49,907 | $417K | 0.3% | 2026-Q2 |
| LEGACY FINANCIAL INDEPENDENT ADVISORS LLC trimmed | 43,916 | $367K | 0.3% | 2026-Q2 |
| Visionary Horizons, LLC trimmed | 43,876 | $366K | 0.3% | 2026-Q2 |
| LPL Financial LLC added | 40,458 | $338K | 0.3% | 2026-Q2 |
| KELLEHER FINANCIAL ADVISORS added | 40,161 | $335K | 0.3% | 2026-Q2 |
| Gridiron Partners, LLC added | 40,182 | $333K | 0.2% | 2026-Q2 |
| Capital Investment Advisors, LLC added | 30,771 | $257K | 0.2% | 2026-Q2 |
| EVERGREEN CAPITAL MANAGEMENT LLC | 30,318 | $253K | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 29,570 | $247K | 0.2% | 2026-Q2 |
| Gilman Hill Asset Management, LLC | 25,000 | $209K | 0.2% | 2026-Q2 |
| NOMURA HOLDINGS INC new | 24,000 | $200K | 0.1% | 2026-Q2 |
| K2 PRINCIPAL FUND, L.P. | 22,700 | $190K | 0.1% | 2026-Q2 |
| UHLMANN PRICE SECURITIES, LLC added | 21,063 | $176K | 0.1% | 2026-Q2 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | 20,212 | $169K | 0.1% | 2026-Q2 |
| Independent Advisor Alliance trimmed | 17,225 | $144K | 0.1% | 2026-Q2 |
| Harbour Capital Advisors, LLC trimmed | 17,505 | $143K | 0.1% | 2026-Q2 |
| MELFA WEALTH MANAGEMENT, INC. | 16,875 | $141K | 0.1% | 2026-Q2 |
| PATRON PARTNERS, LLC | 16,490 | $138K | 0.1% | 2026-Q2 |
| Clear Creek Financial Management, LLC added | 15,391 | $129K | 0.1% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC | 14,251 | $119K | 0.1% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 13,901 | $116K | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 13,508 | $112K | 0.1% | 2026-Q2 |
| UBS Group AG added | 12,514 | $104K | 0.1% | 2026-Q2 |
| HB Wealth Management, LLC | 12,500 | $104K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 12,216 | $102K | 0.1% | 2026-Q2 |
| Winter & Associates, Inc. trimmed | 11,908 | $99K | 0.1% | 2026-Q2 |
| Joel Isaacson & Co., LLC | 11,500 | $96K | 0.1% | 2026-Q2 |
| SHRIER WEALTH MANAGEMENT, LLC added | 11,349 | $95K | 0.1% | 2026-Q2 |
| Rock Point Advisors, LLC | 10,216 | $85K | 0.1% | 2026-Q2 |
| Abel Hall, LLC | 10,000 | $84K | 0.1% | 2026-Q2 |
| IFG Advisory, LLC new | 7,085 | $59K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 5,461 | $46K | 0.0% | 2026-Q2 |
| LRI Investments, LLC new | 5,000 | $42K | 0.0% | 2026-Q2 |
| Clearstead Advisors, LLC | 4,917 | $41K | 0.0% | 2026-Q2 |
| Allworth Financial LP | 4,882 | $41K | 0.0% | 2026-Q2 |
| JNBA Financial Advisors | 3,487 | $29K | 0.0% | 2026-Q2 |
| Axiom Investment Management LLC | 2,513 | $21K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 2,459 | $21K | 0.0% | 2026-Q2 |
| North Star Investment Management Corp. added | 2,035 | $17K | 0.0% | 2026-Q2 |
| Noble Wealth Management PBC | 1,500 | $13K | 0.0% | 2026-Q2 |
| Investors Research Corp | 1,335 | $11K | 0.0% | 2026-Q2 |
| Medallion Wealth Advisors, LLC | 575 | $5K | 0.0% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 500 | $4K | 0.0% | 2026-Q2 |
| SOA Wealth Advisors, LLC. | 325 | $3K | 0.0% | 2026-Q2 |
| Gould Capital, LLC | 300 | $3K | 0.0% | 2026-Q2 |
| Atlantic Union Bankshares Corp | 300 | $3K | 0.0% | 2026-Q2 |
| TOUNJIAN ADVISORY PARTNERS, LLC new | 220 | $2K | 0.0% | 2026-Q2 |
| Elevated Capital Advisors, LLC | 168 | $1K | 0.0% | 2026-Q2 |
| HAGER INVESTMENT MANAGEMENT SERVICES, LLC new | 125 | $1K | 0.0% | 2026-Q2 |
| JFS WEALTH ADVISORS, LLC new | 73 | $610 | 0.0% | 2026-Q2 |
| SIGNATUREFD, LLC | 65 | $543 | 0.0% | 2026-Q2 |
| Glen Eagle Advisors, LLC added | 52 | $430 | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC | 50 | $418 | 0.0% | 2026-Q2 |
| WINMILL & CO. INC | 17 | $142 | 0.0% | 2026-Q2 |
| Mutual Advisors, LLC trimmed | 114,820 | $955K | 0.7% | 2026-Q1 stale (1 quarter behind) |
| Private Advisor Group, LLC added | 87,448 | $728K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Catalina Capital Group, LLC | 47,012 | $391K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Avion Wealth | 28,905 | $240K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC trimmed | 17,532 | $146K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC trimmed | 15,100 | $126K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. added | 14,567 | $121K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| SEVEN MILE ADVISORY added | 244,179 | $2M | 1.5% | 2025-Q4 stale (2 quarters behind) |
| Diesslin Group, Inc. new | 45,969 | $379K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 13,346 | $112K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Kovitz Investment Group Partners, LLC added | 1,018,968 | $9M | 7.0% | 2025-Q3 stale (3 quarters behind) |
| Cetera Investment Advisers added | 29,468 | $271K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Walleye Capital LLC added | 25,011 | $230K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Laird Norton Wetherby Wealth Management, LLC new | 21,197 | $195K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| MILLENNIUM MANAGEMENT LLC trimmed | 16,591 | $152K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| ABSOLUTE INVESTMENT ADVISERS, LLC new | 13,742 | $126K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| BlackRock, Inc. new | 13,067 | $120K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Janney Montgomery Scott LLC | 12,793 | $118K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Family Firm, Inc. added | 11,452 | $105K | 0.1% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.