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SCM

Saba Capital Management Portfolio holdings

AUM $3.9B
1-Year Est. Return 12.9%
This Fund
S&P 500
This Quarter Est. Return
+2.53%
1 Year Est. Return
+12.9%
3 Year Est. Return
+34.99%
5 Year Est. Return
+42.32%
10 Year Est. Return
+54.91%
AUM
$2.35B
AUM Growth
+$59.7M
Cap. Flow
+$172M
Cap. Flow %
7.34%
Top 10 Hldgs %
53.05%
Holding
127
New
13
Increased
50
Reduced
29
Closed
17

Top Buys

Rank Stock Value
1
FRA icon
BlackRock Floating Rate Income Strategies Fund
FRA
+$26.1M
2
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$20.1M
3
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$19.5M
4
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$15.1M
5
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$14.1M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$23.8M
2
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$8.62M
3
F icon
Ford
F
+$6.17M
4
DSU icon
BlackRock Debt Strategies Fund
DSU
+$6.15M
5
ISD
PGIM High Yield Bond Fund
ISD
+$5.5M

Sector Composition

Rank Sector Weight
1 Miscellaneous 98.38%
2 Healthcare 0.68%
3 Industrials 0.26%
4 Financials 0.14%
5 Energy 0.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PHD
26
DELISTED
Pioneer Floating Rate Fund
PHD
$19.5M 0.83%
1,821,748
+656,392
+56% +$6.96M
EVF
27
Eaton Vance Senior Income Trust
EVF
$89.8M
$18.5M 0.79%
2,973,187
+1,331,229
+81% +$8.3M
NUO
28
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$17.9M 0.76%
1,201,057
+639,568
+114% +$9.45M
NUM
29
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$17.7M 0.76%
1,306,747
+633,397
+94% +$8.47M
ISD
30
PGIM High Yield Bond Fund
ISD
$410M
$17.7M 0.75%
1,210,040
-383,670
-24% -$5.5M
VLT icon
31
Invesco High Income Trust II
VLT
$63.8M
$17M 0.73%
1,175,456
– –
EFT
32
Eaton Vance Floating-Rate Income Trust
EFT
$281M
$15.9M 0.68%
1,177,852
+1,112,582
+1,705% +$15.1M
CYH icon
33
Community Health Systems
CYH
$416M
$15.9M 0.68%
5,943,707
+1,473,433
+33% +$4.65M
GAM
34
General American Investors Company
GAM
$1.57B
$15.8M 0.67%
445,534
– –
NTC
35
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$15.1M 0.64%
1,160,604
+183,565
+19% +$2.32M
OIH icon
36
PUT
VanEck Oil Services ETF
OIH
$2.1B
$14.8M 0.63%
50,000
– –
HOUS
37
PUT
DELISTED
Anywhere Real Estate
HOUS
$14M 0.6%
1,934,200
+368,300
+24% +$3.43M
GEL icon
38
PUT
Genesis Energy
GEL
$1.92B
$13.5M 0.57%
615,200
+92,500
+18% +$2.06M
HLF icon
39
PUT
Herbalife
HLF
$1.32B
$12.7M 0.54%
+297,700
New +$14.1M
TTM
40
PUT
DELISTED
Tata Motors Limited
TTM
$12.6M 0.54%
1,081,800
+27,100
+3% +$368K
IVH
41
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$12.4M 0.53%
917,141
-394,580
-30% -$5.38M
NXJ
42
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$12.1M 0.51%
854,584
+20,281
+2% +$282K
MUJ icon
43
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$638M
$11.9M 0.51%
853,011
-92,538
-10% -$1.28M
NKG
44
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$11.6M 0.49%
937,337
+28,363
+3% +$345K
DTF
45
DTF Tax-Free Income 2028 Term Fund
DTF
$80.7M
$11.3M 0.48%
813,540
+551,748
+211% +$7.54M
EFF
46
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$10.8M 0.46%
722,069
+176,860
+32% +$2.67M
NMY
47
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$10.6M 0.45%
816,868
+152,847
+23% +$1.94M
DSU icon
48
BlackRock Debt Strategies Fund
DSU
$609M
$10.2M 0.44%
949,082
-572,882
-38% -$6.15M
HYB
49
DELISTED
New America High Income Fund, Inc.
HYB
$10.1M 0.43%
1,141,415
+3,194
+0.3% +$27.6K
BFZ
50
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$9.01M 0.38%
680,044
+168,788
+33% +$2.2M
1
2
3 4 5

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Saba Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, Saba Capital Management held 127 positions worth $2.35B, up 2.6% from $2.29B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Saba Capital Management deployed $172M of net new capital in Q2 2019, opening 13 new positions and adding to 50 existing holdings. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 40,828 shares worth $3.56M.

By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, up from 97% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Eaton Vance Limited Duration Income Fund, an estimated $8.62M trimmed.

  • Saba Capital Management's largest Q2 2019 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 40,828 shares worth $3.56M.
  • Saba Capital Management added most to BlackRock Floating Rate Income Strategies Fund in Q2 2019, an estimated $26.1M increase.
  • Saba Capital Management's biggest Q2 2019 reduction was Eaton Vance Limited Duration Income Fund, cutting an estimated $8.62M.
  • Saba Capital Management fully exited Qualcomm in Q2 2019, selling an estimated $23.8M.
  • Saba Capital Management's ten largest holdings make up 53% of its $2.35B portfolio in Q2 2019.
  • Saba Capital Management opened 13 new positions and closed 17 in Q2 2019.
  • Saba Capital Management's portfolio value rose 2.6% quarter-over-quarter to $2.35B.

Based on Saba Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.