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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
+0.31%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.15B
AUM Growth
-$192M
Cap. Flow
-$82.3M
Cap. Flow %
-3.82%
Top 10 Hldgs %
51.04%
Holding
120
New
10
Increased
30
Reduced
37
Closed
26

Top Buys

Rank Stock Value
1
BRW
Saba Capital Income & Opportunities Fund
BRW
+$13.1M
2
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$12.8M
3
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$12M
4
MHN
BlackRock MuniHoldings New Yrok Quality Fund
MHN
+$9.62M
5
EFF
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
+$9.33M

Top Sells

Rank Stock Value
1
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$46.5M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$11.9M
3
NTC
Nuveen Connecticut Quality Municipal Income Fund
NTC
+$5.44M
4
ISD
PGIM High Yield Bond Fund
ISD
+$5.24M
5
IVH
Delaware Ivy High Income Opportunities Fund
IVH
+$5.14M

Sector Composition

Rank Sector Weight
1 Healthcare 0.97%
2 Energy 0.17%
3 Real Estate 0.07%
4 Technology 0.06%
5 Industrials 0.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GEO icon
101
The GEO Group
GEO
$4.11B
– –
-52,500
Closed -$942K
HLF icon
102
PUT
Herbalife
HLF
$1.3B
– –
-297,700
Closed -$12.7M
HSBC icon
103
HSBC
HSBC
$356B
– –
-61,240
Closed -$2.56M
HSBC icon
104
PUT
HSBC
HSBC
$356B
– –
-500,000
Closed -$4.06M
HYG icon
105
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
– –
-40,828
Closed -$3.55M
MQT
106
DELISTED
BlackRock MuniYield Quality Fund II
MQT
– –
-10,000
Closed -$126K
MYN icon
107
BlackRock MuniYield New York Quality Fund
MYN
$375M
– –
-42,031
Closed -$534K
NGD
108
DELISTED
New Gold Inc
NGD
– –
-2,406,489
Closed -$2.31M
NPV icon
109
Nuveen Virginia Quality Municipal Income Fund
NPV
$214M
– –
-40,185
Closed -$524K
OIH icon
110
VanEck Oil Services ETF
OIH
$1.99B
– –
-17,266
Closed -$5.12M
OIH icon
111
PUT
VanEck Oil Services ETF
OIH
$1.99B
– –
-50,000
Closed -$14.8M
TDG icon
112
TransDigm Group
TDG
$73.2B
– –
-1,406
Closed -$721K
VFL
113
DELISTED
abrdn National Municipal Income Fund
VFL
– –
-29,543
Closed -$390K
TTM
114
DELISTED
Tata Motors Limited
TTM
– –
-207,379
Closed -$2.42M
TTM
115
PUT
DELISTED
Tata Motors Limited
TTM
– –
-1,081,800
Closed -$12.6M
GPOR
116
DELISTED
Gulfport Energy Corp.
GPOR
– –
-416,400
Closed -$2.04M
GPOR
117
PUT
DELISTED
Gulfport Energy Corp.
GPOR
– –
-5,837,800
Closed -$28.7M
CCA
118
DELISTED
MFS California Municipal Fund
CCA
– –
-387,234
Closed -$4.62M
BFY
119
DELISTED
BlackRock New York Municipal Income Trust II
BFY
– –
-113,583
Closed -$1.57M
NTX
120
DELISTED
Nuveen Texas Quality Municipal Income Fund
NTX
– –
-123,837
Closed -$1.69M
1 2 3 4
5

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VI
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JFG
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SPC
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OCM
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Saba Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Saba Capital Management held 120 positions worth $2.15B, down 8.2% from $2.35B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Saba Capital Management withdrew a net $82.3M in Q3 2019, closing 26 positions and reducing 37 holdings. Its most notable exit was VanEck Oil Services ETF, an estimated $5.12M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 0.97% of assets, up from 0.68% a quarter earlier, followed by Energy and Real Estate.

Against the trend, Saba Capital Management opened a new position in Peabody Energy worth $2.58M.

  • Saba Capital Management's largest Q3 2019 buy was Peabody Energy: 175,000 shares worth $2.58M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund in Q3 2019, an estimated $13.1M increase.
  • Saba Capital Management's biggest Q3 2019 reduction was Nuveen Credit Strategies Income Fund, cutting an estimated $46.5M.
  • Saba Capital Management fully exited VanEck Oil Services ETF in Q3 2019, selling an estimated $5.12M.
  • Saba Capital Management's ten largest holdings make up 51% of its $2.15B portfolio in Q3 2019.
  • Saba Capital Management opened 10 new positions and closed 26 in Q3 2019.
  • Saba Capital Management's portfolio value fell 8.2% quarter-over-quarter to $2.15B.

Based on Saba Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.