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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
VFL
101
DELISTED
abrdn National Municipal Income Fund
VFL
$874K 0.04%
+68,907
New +$851K
EFT
102
Eaton Vance Floating-Rate Income Trust
EFT
$283M
$861K 0.04%
65,270
-64,570
-50% -$864K
BGT icon
103
BlackRock Floating Rate Income Trust
BGT
$322M
$860K 0.04%
+70,466
New +$861K
EFR
104
Eaton Vance Senior Floating-Rate Fund
EFR
$313M
$838K 0.04%
64,325
+19,945
+45% +$262K
ONIT
105
Onity Group
ONIT
$307M
$581K 0.03%
21,298
-3,666
-15% -$103K
RDC
106
DELISTED
Rowan Companies Plc
RDC
$566K 0.02%
+52,450
New +$611K
RA
107
Brookfield Real Assets Income Fund
RA
$708M
$450K 0.02%
20,836
-18,724
-47% -$393K
BCV
108
Bancroft Fund
BCV
$133M
$372K 0.02%
17,379
– –
TWNKW
109
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$264K 0.01%
202,693
-36,079
-15% -$40.3K
TSLF
110
DELISTED
THL CREDIT SENIOR LOAN FUND
TSLF
$173K 0.01%
11,245
-62,261
-85% -$962K
BNY
111
DELISTED
BlackRock New York Municipal Income Trust
BNY
$147K 0.01%
11,276
-196,310
-95% -$2.5M
LOR
112
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$143K 0.01%
14,423
-2,725
-16% -$26.1K
NJV
113
DELISTED
Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest
NJV
$138K 0.01%
10,443
-19,531
-65% -$253K
FT
114
Franklin Universal Trust
FT
$199M
$71K ﹤0.01%
10,058
– –
AOD
115
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
– –
-2,372,099
Closed -$17.1M
BBWI icon
116
Bath & Body Works
BBWI
$3.96B
– –
-10,990
Closed -$242K
BGH
117
Barings Global Short Duration High Yield Fund
BGH
$282M
– –
-149,931
Closed -$2.39M
BIT icon
118
BlackRock Multi-Sector Income Trust
BIT
$698M
– –
-111,079
Closed -$1.71M
BLW icon
119
BlackRock Limited Duration Income Trust
BLW
$491M
– –
-116,319
Closed -$1.55M
CEFS icon
120
Saba Closed-End Funds ETF
CEFS
$427M
– –
-14,924
Closed -$262K
CHN
121
DELISTED
China Fund
CHN
– –
-71,580
Closed -$1.21M
CIK
122
Credit Suisse Asset Management Income Fund
CIK
$134M
– –
-287,748
Closed -$797K
CSCO icon
123
Cisco
CSCO
$452B
– –
-104,867
Closed -$4.54M
CSCO icon
124
PUT
Cisco
CSCO
$452B
– –
-779,000
Closed -$33.8M
DHF
125
BNY Mellon High Yield Strategies Fund
DHF
$170M
– –
-36,165
Closed -$98K
3 4
5
6 7

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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.