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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
+12.46%
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
+$386M
Cap. Flow
+$130M
Cap. Flow %
5.69%
Top 10 Hldgs %
48.23%
Holding
161
New
14
Increased
39
Reduced
52
Closed
45

Top Buys

Rank Stock Value
1
PHD
Pioneer Floating Rate Fund
PHD
+$27.9M
2
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$22.8M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$20M
4
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$18.8M
5
EVF
Eaton Vance Senior Income Trust
EVF
+$17.1M

Top Sells

Rank Stock Value
1
HYD icon
VanEck High Yield Muni ETF
HYD
+$21.6M
2
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$10.3M
3
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$9.93M
4
EAD
Allspring Income Opportunities Fund
EAD
+$9.77M
5
BLW icon
BlackRock Limited Duration Income Trust
BLW
+$9.45M

Sector Composition

Rank Sector Weight
1 Industrials 0.46%
2 Energy 0.28%
3 Healthcare 0.23%
4 Materials 0.19%
5 Consumer Discretionary 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DNI
76
DELISTED
Dividend and Income Fund
DNI
$3.44M 0.15%
338,019
-5,185
-2% -$50.4K
MUJ icon
77
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$640M
$3.06M 0.13%
228,522
-345,496
-60% -$4.44M
LOAK.U
78
DELISTED
Live Oak Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half
LOAK.U
$3.01M 0.13%
+300,000
New +$2.98M
ZGYHU
79
DELISTED
Yunhong International Unit
ZGYHU
$2.97M 0.13%
295,998
+20,998
+8% +$206K
BLW icon
80
BlackRock Limited Duration Income Trust
BLW
$491M
$2.54M 0.11%
182,131
-701,338
-79% -$9.45M
NFJ
81
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$2.5M 0.11%
223,408
-12,321
-5% -$132K
AWF
82
AllianceBernstein Global High Income Fund
AWF
$872M
$2.44M 0.11%
241,579
-355,646
-60% -$3.49M
EVM
83
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$2.38M 0.1%
214,044
-281,129
-57% -$3.03M
CLF icon
84
Cleveland-Cliffs
CLF
$6.64B
$2.29M 0.1%
413,978
-108,822
-21% -$529K
X
85
DELISTED
US Steel
X
$2.12M 0.09%
+294,182
New +$2.3M
RIDE
86
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
$2.07M 0.09%
13,412
– –
BZH icon
87
Beazer Homes USA
BZH
$891M
$2.05M 0.09%
203,276
-157,144
-44% -$1.26M
VMM
88
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$1.83M 0.08%
144,654
-112,292
-44% -$1.38M
NBO
89
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$1.64M 0.07%
141,804
-23,289
-14% -$263K
EVY
90
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
$1.63M 0.07%
129,392
-43,194
-25% -$533K
SABR icon
91
Sabre
SABR
$739M
$1.55M 0.07%
191,854
-106,200
-36% -$753K
VLT icon
92
Invesco High Income Trust II
VLT
$65M
$1.49M 0.07%
124,451
-136,374
-52% -$1.53M
FAX
93
abrdn Asia-Pacific Income Fund
FAX
$597M
$1.32M 0.06%
57,937
– –
AMKR icon
94
Amkor Technology
AMKR
$12B
$1.29M 0.06%
+105,000
New +$1.08M
CNX icon
95
CNX Resources
CNX
$4.9B
$1.22M 0.05%
140,869
-688,773
-83% -$6.93M
UAL icon
96
United Airlines
UAL
$40.1B
$1.21M 0.05%
+35,000
New +$1.05M
DFPHU
97
DELISTED
DFP Healthcare Acquisitions Corp. Unit
DFPHU
$1.14M 0.05%
107,458
-100,000
-48% -$1.01M
WPF.U
98
DELISTED
Foley Trasimene Acquisition Corp.
WPF.U
$1.07M 0.05%
+100,000
New +$1.05M
DHF
99
BNY Mellon High Yield Strategies Fund
DHF
$170M
$1.04M 0.05%
407,367
-1,047,805
-72% -$2.59M
TDG icon
100
TransDigm Group
TDG
$69.9B
$1.04M 0.05%
2,343
-3,090
-57% -$1.17M
2 3
4
5 6

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Saba Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Saba Capital Management held 161 positions worth $2.29B, up 20% from $1.9B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management deployed $130M of net new capital in Q2 2020, opening 14 new positions and adding to 39 existing holdings. Its largest new stake was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.

By sector, the portfolio is most concentrated in Industrials at 0.46% of assets, up from 0.39% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $10.3M trimmed.

  • Saba Capital Management's largest Q2 2020 buy was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.
  • Saba Capital Management added most to Pioneer Floating Rate Fund in Q2 2020, an estimated $27.9M increase.
  • Saba Capital Management's biggest Q2 2020 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $10.3M.
  • Saba Capital Management fully exited VanEck High Yield Muni ETF in Q2 2020, selling an estimated $21.6M.
  • Saba Capital Management's ten largest holdings make up 48% of its $2.29B portfolio in Q2 2020.
  • Saba Capital Management opened 14 new positions and closed 45 in Q2 2020.
  • Saba Capital Management's portfolio value rose 20% quarter-over-quarter to $2.29B.

Based on Saba Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.