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Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
+0.31%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.15B
AUM Growth
-$192M
Cap. Flow
-$82.3M
Cap. Flow %
-3.82%
Top 10 Hldgs %
51.04%
Holding
120
New
10
Increased
30
Reduced
37
Closed
26

Top Buys

Rank Stock Value
1
BRW
Saba Capital Income & Opportunities Fund
BRW
+$13.1M
2
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$12.8M
3
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$12M
4
MHN
BlackRock MuniHoldings New Yrok Quality Fund
MHN
+$9.62M
5
EFF
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
+$9.33M

Top Sells

Rank Stock Value
1
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$46.5M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$11.9M
3
NTC
Nuveen Connecticut Quality Municipal Income Fund
NTC
+$5.44M
4
ISD
PGIM High Yield Bond Fund
ISD
+$5.24M
5
IVH
Delaware Ivy High Income Opportunities Fund
IVH
+$5.14M

Sector Composition

Rank Sector Weight
1 Healthcare 0.97%
2 Energy 0.17%
3 Real Estate 0.07%
4 Technology 0.06%
5 Industrials 0.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSLA icon
26
PUT
Tesla
TSLA
$1.22T
$25.3M 1.17%
1,575,000
-600,000
-28% -$9.39M
PHD
27
DELISTED
Pioneer Floating Rate Fund
PHD
$25.3M 1.17%
2,399,737
+577,989
+32% +$6.07M
GHY
28
PGIM Global High Yield Fund
GHY
$478M
$22.7M 1.06%
1,581,751
-317,880
-17% -$4.57M
CYH icon
29
Community Health Systems
CYH
$390M
$20.6M 0.95%
5,708,242
-235,465
-4% -$614K
EFF
30
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$20.3M 0.94%
1,336,866
+614,797
+85% +$9.33M
EVF
31
Eaton Vance Senior Income Trust
EVF
$89.9M
$18M 0.83%
2,937,141
-36,046
-1% -$223K
NUM
32
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$17M 0.79%
1,214,284
-92,463
-7% -$1.29M
VLT icon
33
Invesco High Income Trust II
VLT
$65.5M
$16.8M 0.78%
1,175,456
– –
CNXM
34
PUT
DELISTED
CNX Midstream Partners LP
CNXM
$16.8M 0.78%
1,189,000
+572,700
+93% +$8.24M
GAM
35
General American Investors Company
GAM
$1.54B
$15.9M 0.74%
437,323
-8,211
-2% -$296K
HOUS
36
PUT
DELISTED
Anywhere Real Estate
HOUS
$15.1M 0.7%
2,258,600
+324,400
+17% +$1.87M
MHN
37
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$13.7M 0.64%
1,006,590
+710,661
+240% +$9.62M
GEL icon
38
PUT
Genesis Energy
GEL
$1.82B
$13.2M 0.61%
615,200
– –
ISD
39
PGIM High Yield Bond Fund
ISD
$414M
$12.7M 0.59%
851,360
-358,680
-30% -$5.24M
TEVA icon
40
PUT
Teva Pharmaceuticals
TEVA
$36.2B
$12.2M 0.57%
+1,775,900
New +$13.6M
DTF
41
DTF Tax-Free Income 2028 Term Fund
DTF
$80.7M
$12.1M 0.56%
833,701
+20,161
+2% +$283K
MUJ icon
42
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$641M
$11.8M 0.55%
829,405
-23,606
-3% -$336K
BTU icon
43
PUT
Peabody Energy
BTU
$2.79B
$11M 0.51%
+750,000
New +$14.6M
NXJ
44
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$10.7M 0.5%
742,429
-112,155
-13% -$1.62M
NMY
45
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$10.6M 0.49%
797,291
-19,577
-2% -$259K
NTC
46
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$10.1M 0.47%
753,483
-407,121
-35% -$5.44M
BFZ
47
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$10.1M 0.47%
736,705
+56,661
+8% +$770K
DSU icon
48
BlackRock Debt Strategies Fund
DSU
$590M
$9.05M 0.42%
842,191
-106,891
-11% -$1.15M
MUC icon
49
BlackRock MuniHoldings California Quality Fund
MUC
$999M
$8.82M 0.41%
624,655
+592,426
+1,838% +$8.3M
MIY icon
50
BlackRock MuniYield Michigan Quality Fund
MIY
$354M
$8.68M 0.4%
617,415
+188,871
+44% +$2.67M
1
2
3 4 5

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Saba Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Saba Capital Management held 120 positions worth $2.15B, down 8.2% from $2.35B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Saba Capital Management withdrew a net $82.3M in Q3 2019, closing 26 positions and reducing 37 holdings. Its most notable exit was VanEck Oil Services ETF, an estimated $5.12M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 0.97% of assets, up from 0.68% a quarter earlier, followed by Energy and Real Estate.

Against the trend, Saba Capital Management opened a new position in Peabody Energy worth $2.58M.

  • Saba Capital Management's largest Q3 2019 buy was Peabody Energy: 175,000 shares worth $2.58M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund in Q3 2019, an estimated $13.1M increase.
  • Saba Capital Management's biggest Q3 2019 reduction was Nuveen Credit Strategies Income Fund, cutting an estimated $46.5M.
  • Saba Capital Management fully exited VanEck Oil Services ETF in Q3 2019, selling an estimated $5.12M.
  • Saba Capital Management's ten largest holdings make up 51% of its $2.15B portfolio in Q3 2019.
  • Saba Capital Management opened 10 new positions and closed 26 in Q3 2019.
  • Saba Capital Management's portfolio value fell 8.2% quarter-over-quarter to $2.15B.

Based on Saba Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.