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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
-22.75%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.9B
AUM Growth
-$206M
Cap. Flow
+$430M
Cap. Flow %
22.59%
Top 10 Hldgs %
45.34%
Holding
159
New
68
Increased
44
Reduced
30
Closed
12

Top Buys

Rank Stock Value
1
BRW
Saba Capital Income & Opportunities Fund
BRW
+$46.9M
2
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$26M
3
HYD icon
VanEck High Yield Muni ETF
HYD
+$25.5M
4
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$21.1M
5
ISD
PGIM High Yield Bond Fund
ISD
+$19.7M

Top Sells

Rank Stock Value
1
HIO
Western Asset High Income Opportunity Fund
HIO
+$12M
2
HIX
Western Asset High Income Fund II
HIX
+$11.5M
3
VVR icon
Invesco Senior Income Trust
VVR
+$11.2M
4
CYH icon
Community Health Systems
CYH
+$9.27M
5
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$7.36M

Sector Composition

Rank Sector Weight
1 Energy 0.85%
2 Consumer Discretionary 0.58%
3 Industrials 0.39%
4 Communication Services 0.36%
5 Healthcare 0.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
POST icon
26
PUT
Post Holdings
POST
$4.14B
$19.5M 1.03%
+359,538
New +$23.4M
JGH icon
27
Nuveen Global High Income Fund
JGH
$352M
$19.4M 1.02%
1,734,745
+278,485
+19% +$4.22M
FCT
28
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$18M 0.95%
1,895,399
-331,275
-15% -$3.84M
EFT
29
Eaton Vance Floating-Rate Income Trust
EFT
$284M
$17.9M 0.94%
1,746,602
-521,155
-23% -$6.66M
BGB
30
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$16.4M 0.86%
+1,572,029
New +$21.1M
NUM
31
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$15.5M 0.82%
1,155,438
-2,802
-0.2% -$39K
EAD
32
Allspring Income Opportunities Fund
EAD
$375M
$15.5M 0.81%
+2,422,908
New +$18.9M
EFR
33
Eaton Vance Senior Floating-Rate Fund
EFR
$313M
$15.2M 0.8%
1,541,223
+1,410,416
+1,078% +$17.6M
BFZ
34
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$14.6M 0.77%
1,152,553
+415,848
+56% +$5.63M
MHN
35
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$13M 0.68%
1,032,341
+19,670
+2% +$267K
HLF icon
36
PUT
Herbalife
HLF
$1.31B
$12.6M 0.66%
+431,100
New +$16M
JRO
37
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$12.5M 0.66%
1,680,440
+1,546,866
+1,158% +$14.1M
MUC icon
38
BlackRock MuniHoldings California Quality Fund
MUC
$997M
$12.4M 0.65%
929,896
+125,388
+16% +$1.75M
EVF
39
Eaton Vance Senior Income Trust
EVF
$89.9M
$12.3M 0.65%
2,674,715
-173,754
-6% -$1.03M
BWG
40
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$12.3M 0.65%
1,166,380
+398,534
+52% +$4.91M
DSU icon
41
BlackRock Debt Strategies Fund
DSU
$597M
$12M 0.63%
1,421,179
+508,867
+56% +$5.3M
GAM
42
General American Investors Company
GAM
$1.58B
$12M 0.63%
437,323
– –
EMD
43
Western Asset Emerging Markets Debt Fund
EMD
$610M
$11.5M 0.61%
+1,094,757
New +$14.9M
NGL icon
44
PUT
NGL Energy Partners
NGL
$1.97B
$11.4M 0.6%
4,399,700
+1,664,000
+61% +$13.5M
RIG icon
45
PUT
Transocean
RIG
$5.74B
$11.3M 0.6%
9,766,900
+6,392,900
+189% +$24.9M
BLW icon
46
BlackRock Limited Duration Income Trust
BLW
$490M
$11.1M 0.59%
+883,469
New +$13.3M
TDG icon
47
PUT
TransDigm Group
TDG
$71B
$10.8M 0.57%
+33,800
New +$18.4M
BIT icon
48
BlackRock Multi-Sector Income Trust
BIT
$699M
$9.93M 0.52%
+823,043
New +$12.4M
HYB
49
DELISTED
New America High Income Fund, Inc.
HYB
$9.89M 0.52%
1,425,001
+741,730
+109% +$6.3M
NXJ
50
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$9.8M 0.52%
729,536
-12,893
-2% -$186K
1
2
3 4 5

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Saba Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Saba Capital Management held 159 positions worth $1.9B, down 9.8% from $2.11B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Saba Capital Management deployed $430M of net new capital in Q1 2020, opening 68 new positions and adding to 44 existing holdings. Its largest new stake was Nuveen Floating Rate Income Fund: 2,803,197 shares worth $21.2M.

By sector, the portfolio is most concentrated in Energy at 0.85% of assets, up from 0.1% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Western Asset High Income Opportunity Fund, an estimated $12M trimmed.

  • Saba Capital Management's largest Q1 2020 buy was Nuveen Floating Rate Income Fund: 2,803,197 shares worth $21.2M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund in Q1 2020, an estimated $46.9M increase.
  • Saba Capital Management's biggest Q1 2020 reduction was Western Asset High Income Opportunity Fund, cutting an estimated $12M.
  • Saba Capital Management fully exited BlackRock Credit Allocation Income Trust in Q1 2020, selling an estimated $7.36M.
  • Saba Capital Management's ten largest holdings make up 45% of its $1.9B portfolio in Q1 2020.
  • Saba Capital Management opened 68 new positions and closed 12 in Q1 2020.
  • Saba Capital Management's portfolio value fell 9.8% quarter-over-quarter to $1.9B.

Based on Saba Capital Management's 13F filing for Q1 2020, filed 15 May 2020.