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SCM

Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
+9.04%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.29B
AUM Growth
-$498M
Cap. Flow
-$653M
Cap. Flow %
-28.55%
Top 10 Hldgs %
54.84%
Holding
180
New
15
Increased
47
Reduced
42
Closed
66

Top Buys

Rank Stock Value
1
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$34M
2
VVR icon
Invesco Senior Income Trust
VVR
+$27.5M
3
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$26M
4
BRW
Saba Capital Income & Opportunities Fund
BRW
+$21.4M
5
EHI
Western Asset Global High Income Fund
EHI
+$20.2M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$39.9M
2
TXN icon
Texas Instruments
TXN
+$28.4M
3
QCOM icon
Qualcomm
QCOM
+$17.6M
4
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.1M
5
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$15.5M

Sector Composition

Rank Sector Weight
1 Technology 1.04%
2 Healthcare 0.73%
3 Consumer Discretionary 0.31%
4 Energy 0.24%
5 Financials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVH
26
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$17.7M 0.78%
1,311,721
+94,555
+8% +$1.26M
GEO icon
27
PUT
The GEO Group
GEO
$4.11B
$17.5M 0.77%
+912,500
New +$19.6M
OIH icon
28
PUT
VanEck Oil Services ETF
OIH
$2.04B
$17.2M 0.75%
50,000
– –
VLT icon
29
Invesco High Income Trust II
VLT
$65.1M
$16.9M 0.74%
1,175,456
+89,692
+8% +$1.25M
CYH icon
30
Community Health Systems
CYH
$386M
$16.7M 0.73%
4,470,274
-1,706,793
-28% -$7M
DSU icon
31
BlackRock Debt Strategies Fund
DSU
$594M
$16.3M 0.71%
1,521,964
-1,356,813
-47% -$14.3M
JGH icon
32
Nuveen Global High Income Fund
JGH
$350M
$15.8M 0.69%
1,044,205
+644,067
+161% +$9.57M
GAM
33
General American Investors Company
GAM
$1.56B
$14.8M 0.65%
445,534
– –
NRK icon
34
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$904M
$14.8M 0.65%
1,166,728
+1,390
+0.1% +$17.1K
TTM
35
PUT
DELISTED
Tata Motors Limited
TTM
$13.2M 0.58%
+1,054,700
New +$13.2M
MUJ icon
36
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$638M
$12.9M 0.57%
945,549
+20,921
+2% +$275K
GEL icon
37
PUT
Genesis Energy
GEL
$1.86B
$12.2M 0.53%
522,700
-547,300
-51% -$11.8M
PHD
38
DELISTED
Pioneer Floating Rate Fund
PHD
$12.1M 0.53%
1,165,356
+1,013,404
+667% +$10.6M
NTC
39
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$11.8M 0.52%
977,039
+6,808
+0.7% +$80K
NXJ
40
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$11.6M 0.51%
834,303
+113,532
+16% +$1.52M
FCT
41
First Trust Senior Floating Rate Income Fund II
FCT
$250M
$11.5M 0.5%
974,498
+677,607
+228% +$8.04M
NQP
42
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$10.9M 0.48%
826,961
+90,135
+12% +$1.16M
NKG
43
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$10.8M 0.47%
908,974
+560,610
+161% +$6.43M
EVF
44
Eaton Vance Senior Income Trust
EVF
$89.9M
$10.1M 0.44%
1,641,958
+380,898
+30% +$2.34M
HYB
45
DELISTED
New America High Income Fund, Inc.
HYB
$9.68M 0.42%
1,138,221
+107,457
+10% +$891K
NUM
46
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$8.91M 0.39%
673,350
+33,195
+5% +$429K
NMY
47
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$8.28M 0.36%
664,021
+5,025
+0.8% +$61.5K
NUO
48
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$8.13M 0.36%
561,489
-27,056
-5% -$381K
EFF
49
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$8.07M 0.35%
545,209
+301,355
+124% +$4.49M
CYH icon
50
CALL
Community Health Systems
CYH
$386M
$7.6M 0.33%
+2,038,200
New +$8.36M
1
2
3 4 5

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Saba Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Saba Capital Management held 180 positions worth $2.29B, down 18% from $2.78B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Saba Capital Management withdrew a net $653M in Q1 2019, closing 66 positions and reducing 42 holdings. Its most notable exit was Texas Instruments, an estimated $28.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 1% of assets, down from 2.8% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in YPF worth $4.89M.

  • Saba Capital Management's largest Q1 2019 buy was YPF: 348,770 shares worth $4.89M.
  • Saba Capital Management added most to INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND in Q1 2019, an estimated $34M increase.
  • Saba Capital Management's biggest Q1 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $39.9M.
  • Saba Capital Management fully exited Texas Instruments in Q1 2019, selling an estimated $28.4M.
  • Saba Capital Management's ten largest holdings make up 55% of its $2.29B portfolio in Q1 2019.
  • Saba Capital Management opened 15 new positions and closed 66 in Q1 2019.
  • Saba Capital Management's portfolio value fell 18% quarter-over-quarter to $2.29B.

Based on Saba Capital Management's 13F filing for Q1 2019, filed 15 May 2019.