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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
+2.89%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.11B
AUM Growth
-$46.5M
Cap. Flow
-$144M
Cap. Flow %
-6.81%
Top 10 Hldgs %
53.64%
Holding
106
New
12
Increased
26
Reduced
39
Closed
15

Top Buys

Rank Stock Value
1
BRW
Saba Capital Income & Opportunities Fund
BRW
+$46.5M
2
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
+$5.79M
3
NSL
NUVEEN SENIOR INCM FD
NSL
+$5.69M
4
EFF
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
+$5.3M
5
PHD
Pioneer Floating Rate Fund
PHD
+$4.47M

Top Sells

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$55.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$36.8M
3
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$36.1M
4
VVR icon
Invesco Senior Income Trust
VVR
+$31.8M
5
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$19.4M

Sector Composition

Rank Sector Weight
1 Healthcare 0.55%
2 Industrials 0.15%
3 Energy 0.1%
4 Consumer Staples 0.03%
5 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CXW icon
51
PUT
CoreCivic
CXW
$3.03B
$6.95M 0.33%
+400,000
New +$6.33M
USAC icon
52
PUT
USA Compression Partners
USAC
$3.75B
$6.94M 0.33%
+382,400
New +$6.52M
HYB
53
DELISTED
New America High Income Fund, Inc.
HYB
$6.24M 0.3%
683,271
-268,067
-28% -$2.41M
NKG
54
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$6.2M 0.29%
491,344
-186,720
-28% -$2.33M
NSL
55
DELISTED
NUVEEN SENIOR INCM FD
NSL
$5.92M 0.28%
+993,958
New +$5.69M
TLI
56
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$5.85M 0.28%
590,125
+339,923
+136% +$3.25M
DNI
57
DELISTED
Dividend and Income Fund
DNI
$5.41M 0.26%
402,004
– –
BSE
58
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$5.28M 0.25%
383,977
-169,109
-31% -$2.32M
BQH
59
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$5.13M 0.24%
339,707
+79,231
+30% +$1.18M
IVH
60
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$4.49M 0.21%
322,675
-216,271
-40% -$2.93M
VMM
61
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$4.4M 0.21%
335,178
– –
VLT icon
62
Invesco High Income Trust II
VLT
$65.2M
$3.84M 0.18%
269,144
-906,312
-77% -$12.9M
EVM
63
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$3.5M 0.17%
311,384
-80,145
-20% -$901K
NFJ
64
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$3.06M 0.15%
235,729
– –
MPA icon
65
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$142M
$2.96M 0.14%
206,998
+31,676
+18% +$448K
JSD
66
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$2.89M 0.14%
+190,195
New +$2.81M
EVY
67
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
$2.5M 0.12%
186,423
-18,096
-9% -$240K
MYI icon
68
BlackRock MuniYield Quality Fund III
MYI
$715M
$2.35M 0.11%
174,179
-15,422
-8% -$208K
ARDC
69
Are Dynamic Credit Allocation Fund
ARDC
$296M
$2.26M 0.11%
146,986
– –
DO
70
PUT
DELISTED
Diamond Offshore Drilling
DO
$2.23M 0.11%
310,000
– –
YPF icon
71
YPF
YPF
$19.5B
$2.15M 0.1%
186,067
+67,870
+57% +$658K
TSLF
72
DELISTED
THL CREDIT SENIOR LOAN FUND
TSLF
$2.12M 0.1%
+139,708
New +$2.05M
NBO
73
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$2.11M 0.1%
169,589
-4,929
-3% -$61.2K
MSD
74
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$1.96M 0.09%
201,982
– –
GRUB
75
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$1.84M 0.09%
+18,925
New +$1.73M
1 2
3
4 5

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Saba Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Saba Capital Management held 106 positions worth $2.11B, down 2.2% from $2.15B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Saba Capital Management withdrew a net $144M in Q4 2019, closing 15 positions and reducing 39 holdings. Its most notable exit was DTF Tax-Free Income 2028 Term Fund, an estimated $12.1M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 0.55% of assets, down from 0.97% a quarter earlier, followed by Industrials and Energy.

Against the trend, Saba Capital Management opened a new position in NUVEEN SENIOR INCM FD worth $5.92M.

  • Saba Capital Management's largest Q4 2019 buy was NUVEEN SENIOR INCM FD: 993,958 shares worth $5.92M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund in Q4 2019, an estimated $46.5M increase.
  • Saba Capital Management's biggest Q4 2019 reduction was BlackRock Credit Allocation Income Trust, cutting an estimated $55.1M.
  • Saba Capital Management fully exited DTF Tax-Free Income 2028 Term Fund in Q4 2019, selling an estimated $12.1M.
  • Saba Capital Management's ten largest holdings make up 54% of its $2.11B portfolio in Q4 2019.
  • Saba Capital Management opened 12 new positions and closed 15 in Q4 2019.
  • Saba Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.11B.

Based on Saba Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.