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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
-9.65%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.78B
AUM Growth
+$840M
Cap. Flow
+$1.04B
Cap. Flow %
37.39%
Top 10 Hldgs %
60.4%
Holding
190
New
84
Increased
43
Reduced
23
Closed
25

Top Buys

Rank Stock Value
1
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$39.4M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$31.8M
3
VVR icon
Invesco Senior Income Trust
VVR
+$27.7M
4
QCOM icon
Qualcomm
QCOM
+$27.2M
5
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$25M

Top Sells

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$94.3M
2
TEI
Templeton Emerging Markets Income Fund
TEI
+$36M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$33.4M
4
SDRL
Seadrill Limited Common Stock
SDRL
+$32.1M
5
DEX
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
+$13M

Sector Composition

Rank Sector Weight
1 Technology 2.75%
2 Healthcare 0.63%
3 Consumer Discretionary 0.46%
4 Financials 0.45%
5 Industrials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OMF icon
51
OneMain Financial
OMF
$7.19B
$7.72M 0.28%
318,026
+169,943
+115% +$4.84M
NMY
52
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$7.72M 0.28%
+658,996
New +$7.68M
EVF
53
Eaton Vance Senior Income Trust
EVF
$89.9M
$7.57M 0.27%
+1,261,060
New +$7.8M
HYI
54
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
$6.93M 0.25%
526,781
-70,158
-12% -$976K
BFZ
55
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$6.78M 0.24%
+566,164
New +$6.88M
EBAY icon
56
eBay
EBAY
$52.1B
$6.38M 0.23%
227,338
+71,526
+46% +$2.1M
F icon
57
Ford
F
$59.6B
$6.31M 0.23%
+825,000
New +$7.35M
NNC
58
DELISTED
Nuveen North Carolina Quality Municipal Income Fund
NNC
$6.3M 0.23%
+534,729
New +$6.31M
AWF
59
AllianceBernstein Global High Income Fund
AWF
$871M
$6.29M 0.23%
597,044
+438,287
+276% +$4.83M
DEX
60
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$6.01M 0.22%
691,208
-1,340,719
-66% -$13M
SDRL
61
DELISTED
Seadrill Limited Common Stock
SDRL
$5.75M 0.21%
590,238
-1,846,408
-76% -$32.1M
MIY icon
62
BlackRock MuniYield Michigan Quality Fund
MIY
$351M
$5.59M 0.2%
+450,339
New +$5.59M
MHN
63
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$5.54M 0.2%
+462,307
New +$5.47M
JGH icon
64
Nuveen Global High Income Fund
JGH
$351M
$5.46M 0.2%
+400,138
New +$5.82M
OIH icon
65
VanEck Oil Services ETF
OIH
$1.99B
$5.34M 0.19%
+19,015
New +$7.52M
HNW
66
DELISTED
Pioneer Diversified High Income Fund
HNW
$5.08M 0.18%
390,798
+41,260
+12% +$568K
IEF icon
67
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
$4.69M 0.17%
45,021
-931,101
-95% -$94.3M
CSCO icon
68
Cisco
CSCO
$456B
$4.54M 0.16%
104,867
-138,311
-57% -$6.33M
VMM
69
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$4.52M 0.16%
+381,099
New +$4.49M
EVM
70
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$4.51M 0.16%
+455,335
New +$4.51M
DB icon
71
Deutsche Bank
DB
$67.6B
$4.33M 0.16%
+531,900
New +$5.19M
NAC icon
72
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
$4.26M 0.15%
+334,189
New +$4.19M
RGT
73
Royce Global Value Trust
RGT
$97.1M
$3.94M 0.14%
443,273
-9,367
-2% -$87.9K
NKG
74
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$3.81M 0.14%
+348,364
New +$3.79M
MUC icon
75
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$3.76M 0.14%
+304,824
New +$3.78M
1 2
3
4 5

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Saba Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Saba Capital Management held 190 positions worth $2.78B, up 43% from $1.94B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Saba Capital Management deployed $1.04B of net new capital in Q4 2018, opening 84 new positions and adding to 43 existing holdings. Its largest new stake was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.

By sector, the portfolio is most concentrated in Technology at 2.8% of assets, down from 3.7% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was iShares 7-10 Year Treasury Bond ETF, an estimated $94.3M trimmed.

  • Saba Capital Management's largest Q4 2018 buy was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.
  • Saba Capital Management added most to Nuveen Credit Strategies Income Fund in Q4 2018, an estimated $31.8M increase.
  • Saba Capital Management's biggest Q4 2018 reduction was iShares 7-10 Year Treasury Bond ETF, cutting an estimated $94.3M.
  • Saba Capital Management fully exited Templeton Emerging Markets Income Fund in Q4 2018, selling an estimated $36M.
  • Saba Capital Management's ten largest holdings make up 60% of its $2.78B portfolio in Q4 2018.
  • Saba Capital Management opened 84 new positions and closed 25 in Q4 2018.
  • Saba Capital Management's portfolio value rose 43% quarter-over-quarter to $2.78B.

Based on Saba Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.