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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
+12.46%
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
+$386M
Cap. Flow
+$130M
Cap. Flow %
5.69%
Top 10 Hldgs %
48.23%
Holding
161
New
14
Increased
39
Reduced
52
Closed
45

Top Buys

Rank Stock Value
1
PHD
Pioneer Floating Rate Fund
PHD
+$27.9M
2
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$22.8M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$20M
4
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$18.8M
5
EVF
Eaton Vance Senior Income Trust
EVF
+$17.1M

Top Sells

Rank Stock Value
1
HYD icon
VanEck High Yield Muni ETF
HYD
+$21.6M
2
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$10.3M
3
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$9.93M
4
EAD
Allspring Income Opportunities Fund
EAD
+$9.77M
5
BLW icon
BlackRock Limited Duration Income Trust
BLW
+$9.45M

Sector Composition

Rank Sector Weight
1 Industrials 0.46%
2 Energy 0.28%
3 Healthcare 0.23%
4 Materials 0.19%
5 Consumer Discretionary 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FSD
26
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$24.9M 1.09%
1,875,069
-790,331
-30% -$10.3M
CNX icon
27
PUT
CNX Resources
CNX
$4.84B
$24M 1.05%
2,779,700
-3,117,000
-53% -$31.4M
EFF
28
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$23.7M 1.04%
1,714,749
+1,700
+0.1% +$22.4K
NQP
29
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$22.3M 0.98%
1,644,310
-321,027
-16% -$4.24M
FCT
30
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$22M 0.96%
2,018,958
+123,559
+7% +$1.31M
JRO
31
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$21.8M 0.95%
2,781,281
+1,100,841
+66% +$8.46M
BWG
32
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$21.6M 0.94%
1,872,468
+706,088
+61% +$7.98M
HLF icon
33
PUT
Herbalife
HLF
$1.3B
$21.1M 0.92%
468,900
+37,800
+9% +$1.47M
NUO
34
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$20.3M 0.89%
1,353,173
-129,212
-9% -$1.89M
RGT
35
Royce Global Value Trust
RGT
$97.1M
$16.7M 0.73%
1,443,110
+550,170
+62% +$5.65M
EMD
36
Western Asset Emerging Markets Debt Fund
EMD
$613M
$15.5M 0.68%
1,256,511
+161,754
+15% +$1.86M
TDG icon
37
PUT
TransDigm Group
TDG
$73.2B
$14.9M 0.65%
33,800
– –
NUM
38
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$14.6M 0.64%
1,067,537
-87,901
-8% -$1.18M
BGB
39
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$14.4M 0.63%
1,257,307
-314,722
-20% -$3.44M
NSL
40
DELISTED
NUVEEN SENIOR INCM FD
NSL
$14.1M 0.62%
2,997,161
+1,375,292
+85% +$6.28M
GAM
41
General American Investors Company
GAM
$1.54B
$13.9M 0.61%
437,323
– –
NRK icon
42
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$904M
$13M 0.57%
1,010,529
-755,664
-43% -$9.4M
HYB
43
DELISTED
New America High Income Fund, Inc.
HYB
$12.8M 0.56%
1,649,549
+224,548
+16% +$1.7M
MSD
44
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$12.4M 0.54%
1,456,059
+1,252,447
+615% +$10.1M
BGT icon
45
BlackRock Floating Rate Income Trust
BGT
$322M
$12.1M 0.53%
1,099,583
+219,972
+25% +$2.34M
AIF
46
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$11.9M 0.52%
960,265
+397,116
+71% +$4.71M
AFT
47
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$11.6M 0.51%
929,260
+460,258
+98% +$5.55M
JSD
48
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$11M 0.48%
928,906
+424,944
+84% +$4.89M
RIG icon
49
PUT
Transocean
RIG
$5.52B
$10.8M 0.47%
5,874,000
-3,892,900
-40% -$6.05M
BFZ
50
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$10.1M 0.44%
768,042
-384,511
-33% -$4.87M
1
2
3 4 5

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Saba Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Saba Capital Management held 161 positions worth $2.29B, up 20% from $1.9B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management deployed $130M of net new capital in Q2 2020, opening 14 new positions and adding to 39 existing holdings. Its largest new stake was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.

By sector, the portfolio is most concentrated in Industrials at 0.46% of assets, up from 0.39% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $10.3M trimmed.

  • Saba Capital Management's largest Q2 2020 buy was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.
  • Saba Capital Management added most to Pioneer Floating Rate Fund in Q2 2020, an estimated $27.9M increase.
  • Saba Capital Management's biggest Q2 2020 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $10.3M.
  • Saba Capital Management fully exited VanEck High Yield Muni ETF in Q2 2020, selling an estimated $21.6M.
  • Saba Capital Management's ten largest holdings make up 48% of its $2.29B portfolio in Q2 2020.
  • Saba Capital Management opened 14 new positions and closed 45 in Q2 2020.
  • Saba Capital Management's portfolio value rose 20% quarter-over-quarter to $2.29B.

Based on Saba Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.