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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
+9.04%
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
-$498M
Cap. Flow
-$653M
Cap. Flow %
-28.55%
Top 10 Hldgs %
54.84%
Holding
180
New
15
Increased
47
Reduced
42
Closed
66

Top Buys

Rank Stock Value
1
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$34M
2
VVR icon
Invesco Senior Income Trust
VVR
+$27.5M
3
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$26M
4
BRW
Saba Capital Income & Opportunities Fund
BRW
+$21.4M
5
EHI
Western Asset Global High Income Fund
EHI
+$20.2M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$39.9M
2
TXN icon
Texas Instruments
TXN
+$28.4M
3
QCOM icon
Qualcomm
QCOM
+$17.6M
4
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.1M
5
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$15.5M

Sector Composition

Rank Sector Weight
1 Technology 1.04%
2 Healthcare 0.73%
3 Consumer Discretionary 0.31%
4 Energy 0.24%
5 Financials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NNC
51
DELISTED
Nuveen North Carolina Quality Municipal Income Fund
NNC
$7.1M 0.31%
555,648
+20,919
+4% +$259K
BFZ
52
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$6.56M 0.29%
511,256
-54,908
-10% -$691K
CEV
53
Eaton Vance California Municipal Income Trust
CEV
$70.7M
$6.49M 0.28%
541,180
+204,183
+61% +$2.39M
RGT
54
Royce Global Value Trust
RGT
$98.3M
$6.49M 0.28%
645,533
+202,260
+46% +$1.98M
MNE
55
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
$6.25M 0.27%
457,688
+175,844
+62% +$2.31M
F icon
56
Ford
F
$57.7B
$6.17M 0.27%
702,810
-122,190
-15% -$1.05M
DB icon
57
PUT
Deutsche Bank
DB
$68.1B
$6.09M 0.27%
750,000
-1,300,000
-63% -$11.4M
MIY icon
58
BlackRock MuniYield Michigan Quality Fund
MIY
$352M
$5.94M 0.26%
444,795
-5,544
-1% -$72.2K
RDC
59
PUT
DELISTED
Rowan Companies Plc
RDC
$5.5M 0.24%
+510,000
New +$5.94M
AWF
60
AllianceBernstein Global High Income Fund
AWF
$870M
$5.45M 0.24%
470,159
-126,885
-21% -$1.45M
YPF icon
61
YPF
YPF
$20.5B
$4.89M 0.21%
+348,770
New +$5.11M
HYT icon
62
BlackRock Corporate High Yield Fund
HYT
$1.36B
$4.82M 0.21%
469,834
-1,549,258
-77% -$15.5M
EAD
63
Allspring Income Opportunities Fund
EAD
$372M
$4.75M 0.21%
603,418
-5,167,345
-90% -$39.9M
VMM
64
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$4.7M 0.21%
372,099
-9,000
-2% -$111K
NBO
65
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$4.66M 0.2%
374,926
+225,673
+151% +$2.65M
EVM
66
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$4.49M 0.2%
425,822
-29,513
-6% -$307K
CCA
67
DELISTED
MFS California Municipal Fund
CCA
$4.41M 0.19%
387,234
+298,635
+337% +$3.27M
SDRL
68
DELISTED
Seadrill Limited Common Stock
SDRL
$4.36M 0.19%
525,184
-65,054
-11% -$587K
BSE
69
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$3.91M 0.17%
304,154
+51,526
+20% +$647K
MHN
70
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$3.81M 0.17%
295,180
-167,127
-36% -$2.09M
BWG
71
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$3.61M 0.16%
323,962
– –
FAM
72
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$3.57M 0.16%
354,833
+81,010
+30% +$802K
MYN icon
73
BlackRock MuniYield New York Quality Fund
MYN
$372M
$3.51M 0.15%
285,324
-399,396
-58% -$4.81M
DTF
74
DTF Tax-Free Income 2028 Term Fund
DTF
$80.6M
$3.46M 0.15%
261,792
+189,002
+260% +$2.47M
BQH
75
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$3.1M 0.14%
220,482
+88,135
+67% +$1.19M
1 2
3
4 5

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Saba Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Saba Capital Management held 180 positions worth $2.29B, down 18% from $2.78B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Saba Capital Management withdrew a net $653M in Q1 2019, closing 66 positions and reducing 42 holdings. Its most notable exit was Texas Instruments, an estimated $28.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 1% of assets, down from 2.8% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in YPF worth $4.89M.

  • Saba Capital Management's largest Q1 2019 buy was YPF: 348,770 shares worth $4.89M.
  • Saba Capital Management added most to INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND in Q1 2019, an estimated $34M increase.
  • Saba Capital Management's biggest Q1 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $39.9M.
  • Saba Capital Management fully exited Texas Instruments in Q1 2019, selling an estimated $28.4M.
  • Saba Capital Management's ten largest holdings make up 55% of its $2.29B portfolio in Q1 2019.
  • Saba Capital Management opened 15 new positions and closed 66 in Q1 2019.
  • Saba Capital Management's portfolio value fell 18% quarter-over-quarter to $2.29B.

Based on Saba Capital Management's 13F filing for Q1 2019, filed 15 May 2019.