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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
+9.04%
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
TLI
76
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$3.07M 0.13%
324,437
-10,474
-3% -$98.9K
NFJ
77
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.4B
$2.84M 0.12%
235,729
– –
NAZ icon
78
Nuveen Arizona Quality Municipal Income Fund
NAZ
$156M
$2.69M 0.12%
209,269
-50,081
-19% -$621K
OIH icon
79
VanEck Oil Services ETF
OIH
$2.04B
$2.52M 0.11%
7,320
-11,695
-62% -$3.95M
NBW
80
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$2.43M 0.11%
186,638
+23,554
+14% +$299K
NGD
81
DELISTED
New Gold Inc
NGD
$2.41M 0.11%
2,799,594
-724,190
-21% -$710K
ARDC
82
Are Dynamic Credit Allocation Fund
ARDC
$297M
$2.18M 0.1%
146,986
– –
HSBC icon
83
HSBC
HSBC
$365B
$2.03M 0.09%
+50,595
New +$2.04M
MUC icon
84
BlackRock MuniHoldings California Quality Fund
MUC
$1B
$2.03M 0.09%
153,147
-151,677
-50% -$1.97M
EVY
85
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
$1.96M 0.09%
159,189
+9,223
+6% +$111K
DB icon
86
Deutsche Bank
DB
$68.8B
$1.84M 0.08%
226,790
-305,110
-57% -$2.67M
MSD
87
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$1.82M 0.08%
201,982
– –
NTX
88
DELISTED
Nuveen Texas Quality Municipal Income Fund
NTX
$1.74M 0.08%
129,850
+3,544
+3% +$46K
FRA icon
89
BlackRock Floating Rate Income Strategies Fund
FRA
$384M
$1.73M 0.08%
138,003
+58,644
+74% +$741K
MPA icon
90
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$141M
$1.72M 0.08%
126,384
-35,390
-22% -$470K
NPV icon
91
Nuveen Virginia Quality Municipal Income Fund
NPV
$211M
$1.68M 0.07%
132,263
-104,644
-44% -$1.29M
BFY
92
DELISTED
BlackRock New York Municipal Income Trust II
BFY
$1.66M 0.07%
122,305
-22,883
-16% -$299K
DNI
93
DELISTED
Dividend and Income Fund
DNI
$1.53M 0.07%
134,876
+500
+0.4% +$5.54K
DEX
94
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$1.49M 0.07%
153,742
-537,466
-78% -$5.09M
HOUS
95
DELISTED
Anywhere Real Estate
HOUS
$1.31M 0.06%
114,953
+89,953
+360% +$1.39M
AIF
96
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$1.24M 0.05%
84,173
– –
AVP
97
DELISTED
Avon Products, Inc.
AVP
$1.19M 0.05%
404,768
-1,153,254
-74% -$2.9M
TDG icon
98
TransDigm Group
TDG
$70.4B
$1.14M 0.05%
+2,500
New +$1.01M
RRD
99
DELISTED
RR Donnelley & Sons Co.
RRD
$1.06M 0.05%
224,568
-589,643
-72% -$3.04M
TTM
100
DELISTED
Tata Motors Limited
TTM
$976K 0.04%
+77,671
New +$971K
2 3
4
5 6

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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.