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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
+8.68%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.44B
AUM Growth
+$34.5M
Cap. Flow
-$262M
Cap. Flow %
-10.73%
Top 10 Hldgs %
53.19%
Holding
216
New
66
Increased
46
Reduced
45
Closed
49

Top Buys

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$45.4M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$32.3M
3
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$29.9M
4
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$18.1M
5
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$13.9M

Top Sells

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$86.3M
2
PHD
Pioneer Floating Rate Fund
PHD
+$55.7M
3
NHS
Neuberger High Yield Strategies Fund Inc
NHS
+$54.1M
4
HIO
Western Asset High Income Opportunity Fund
HIO
+$53.2M
5
HIX
Western Asset High Income Fund II
HIX
+$46M

Sector Composition

Rank Sector Weight
1 Financials 1.75%
2 Industrials 0.96%
3 Healthcare 0.46%
4 Consumer Discretionary 0.37%
5 Energy 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GPM
51
DELISTED
Guggenheim Enhanced Equity Income Fund
GPM
$10.5M 0.43%
1,610,082
+381,686
+31% +$2.3M
NCZ
52
Virtus Convertible & Income Fund II
NCZ
$294M
$10.3M 0.42%
+505,658
New +$9.2M
BFZ
53
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$10.3M 0.42%
720,935
-7,238
-1% -$98.1K
IGA
54
Voya Global Advantage and Premium Opportunity Fund
IGA
$157M
$9.28M 0.38%
1,060,719
+586,778
+124% +$4.96M
NXJ
55
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$8.55M 0.35%
594,776
– –
PHD
56
DELISTED
Pioneer Floating Rate Fund
PHD
$7.84M 0.32%
768,633
-5,355,887
-87% -$55.7M
CCIF
57
Carlyle Credit Income Fund
CCIF
$59.4M
$7.83M 0.32%
795,378
+96,930
+14% +$967K
EMD
58
Western Asset Emerging Markets Debt Fund
EMD
$609M
$7.61M 0.31%
547,528
-344,274
-39% -$4.53M
YPF icon
59
YPF
YPF
$206B
$5.76M 0.24%
1,225,906
+472,999
+63% +$2.09M
IVH
60
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$5.6M 0.23%
422,002
+38,916
+10% +$483K
EVY
61
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
$5.53M 0.23%
395,743
+293,812
+288% +$3.94M
RVT icon
62
Royce Value Trust
RVT
$2.21B
$5.01M 0.21%
310,618
-21,560
-6% -$316K
IRR
63
DELISTED
VOYA NATURAL RESOURCES EQUITY INCOME FUND
IRR
$4.87M 0.2%
1,902,067
+1,321,180
+227% +$3.32M
OTRA
64
DELISTED
OTR Acquisition Corp. Class A Common Stock
OTRA
$4.77M 0.2%
+460,942
New +$4.68M
LCID icon
65
Lucid Motors
LCID
$2.88B
$4.64M 0.19%
46,350
-6,150
-12% -$602K
EOD
66
Allspring Global Dividend Opportunity Fund
EOD
$279M
$3.92M 0.16%
807,514
+612,567
+314% +$2.8M
ARDC
67
Are Dynamic Credit Allocation Fund
ARDC
$297M
$3.79M 0.16%
265,502
+14,948
+6% +$199K
NKG
68
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$3.79M 0.16%
289,984
-76,045
-21% -$953K
IID
69
DELISTED
VOYA INTERNATIONAL HIGH DIVIDEND EQUITY INCOME FUND
IID
$3.62M 0.15%
789,283
+492,419
+166% +$2.18M
ZGYH
70
DELISTED
Yunhong International Class A Ordinary Shares
ZGYH
$3.29M 0.13%
330,957
+34,959
+12% +$346K
MUDSU
71
DELISTED
Mudrick Capital Acquisition Corporation II Unit
MUDSU
$3.12M 0.13%
+300,000
New +$3.06M
CTAQU
72
DELISTED
Carney Technology Acquisition Corp. II Units
CTAQU
$3.03M 0.12%
+295,283
New +$3.03M
VTN icon
73
Invesco Trust for Investment Grade New York Municipals
VTN
$159M
$2.9M 0.12%
+222,171
New +$2.76M
NUM
74
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$2.86M 0.12%
193,699
-758,748
-80% -$10.9M
RCHG
75
DELISTED
Recharge Acquisition Corp. Class A Common Stock
RCHG
$2.71M 0.11%
+265,584
New +$2.65M
1 2
3
4 5

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Saba Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Saba Capital Management held 216 positions worth $2.44B, up 1.4% from $2.41B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Saba Capital Management withdrew a net $262M in Q4 2020, closing 49 positions and reducing 45 holdings. Its most notable exit was Western Asset Global High Income Fund, an estimated $86.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 1.7% of assets, up from 0.51% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Saba Capital Management opened a new position in Calamos Long/Short Equity & Dynamic Income Trust worth $19.5M.

  • Saba Capital Management's largest Q4 2020 buy was Calamos Long/Short Equity & Dynamic Income Trust: 1,117,022 shares worth $19.5M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund II in Q4 2020, an estimated $45.4M increase.
  • Saba Capital Management's biggest Q4 2020 reduction was Pioneer Floating Rate Fund, cutting an estimated $55.7M.
  • Saba Capital Management fully exited Western Asset Global High Income Fund in Q4 2020, selling an estimated $86.3M.
  • Saba Capital Management's ten largest holdings make up 53% of its $2.44B portfolio in Q4 2020.
  • Saba Capital Management opened 66 new positions and closed 49 in Q4 2020.
  • Saba Capital Management's portfolio value rose 1.4% quarter-over-quarter to $2.44B.

Based on Saba Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.