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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
-22.75%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.9B
AUM Growth
-$206M
Cap. Flow
+$430M
Cap. Flow %
22.59%
Top 10 Hldgs %
45.34%
Holding
159
New
68
Increased
44
Reduced
30
Closed
12

Top Buys

Rank Stock Value
1
BRW
Saba Capital Income & Opportunities Fund
BRW
+$46.9M
2
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$26M
3
HYD icon
VanEck High Yield Muni ETF
HYD
+$25.5M
4
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$21.1M
5
ISD
PGIM High Yield Bond Fund
ISD
+$19.7M

Top Sells

Rank Stock Value
1
HIO
Western Asset High Income Opportunity Fund
HIO
+$12M
2
HIX
Western Asset High Income Fund II
HIX
+$11.5M
3
VVR icon
Invesco Senior Income Trust
VVR
+$11.2M
4
CYH icon
Community Health Systems
CYH
+$9.27M
5
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$7.36M

Sector Composition

Rank Sector Weight
1 Energy 0.85%
2 Consumer Discretionary 0.58%
3 Industrials 0.39%
4 Communication Services 0.36%
5 Healthcare 0.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RIDE
101
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
$2.09M 0.11%
+13,412
New +$2.01M
CLF icon
102
Cleveland-Cliffs
CLF
$6.4B
$2.06M 0.11%
+522,800
New +$3.29M
HLF icon
103
Herbalife
HLF
$1.31B
$2.06M 0.11%
+70,777
New +$2.63M
BGH
104
Barings Global Short Duration High Yield Fund
BGH
$284M
$2.05M 0.11%
+183,967
New +$2.95M
DFPHU
105
DELISTED
DFP Healthcare Acquisitions Corp. Unit
DFPHU
$2.04M 0.11%
+207,458
New +$2.04M
BSE
106
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$1.93M 0.1%
154,503
-229,474
-60% -$3.08M
NBO
107
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$1.91M 0.1%
165,093
-4,496
-3% -$55.6K
CIK
108
Credit Suisse Asset Management Income Fund
CIK
$134M
$1.87M 0.1%
+783,964
New +$2.39M
MCR
109
DELISTED
MFS Charter Income Trust
MCR
$1.81M 0.1%
+245,185
New +$1.97M
SABR icon
110
Sabre
SABR
$779M
$1.77M 0.09%
+298,054
New +$4.98M
TDG icon
111
TransDigm Group
TDG
$71.6B
$1.74M 0.09%
+5,433
New +$2.96M
MSD
112
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$1.56M 0.08%
203,612
+1,630
+0.8% +$15K
BSL
113
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
$1.51M 0.08%
+128,371
New +$1.92M
UBER icon
114
Uber
UBER
$146B
$1.32M 0.07%
+47,227
New +$1.55M
CCIF
115
Carlyle Credit Income Fund
CCIF
$59.8M
$1.26M 0.07%
150,307
+69,555
+86% +$713K
VGI
116
Virtus Global Multi-Sector Income Fund
VGI
$82.4M
$1.24M 0.07%
+128,486
New +$1.56M
FAX
117
DELISTED
abrdn Asia-Pacific Income Fund
FAX
$1.18M 0.06%
+347,623
New +$1.18M
CAR icon
118
Avis
CAR
$4.92B
$1.16M 0.06%
+83,106
New +$2.49M
MYN icon
119
BlackRock MuniYield New York Quality Fund
MYN
$372M
$1.06M 0.06%
+86,814
New +$1.12M
OPP
120
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$190M
$1.04M 0.06%
+82,623
New +$1.28M
POST icon
121
Post Holdings
POST
$4.11B
$1M 0.05%
+18,474
New +$1.2M
BBWI icon
122
Bath & Body Works
BBWI
$4.18B
$890K 0.05%
+95,289
New +$1.51M
NBW
123
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$868K 0.05%
65,982
-1,909
-3% -$26.3K
UNFI icon
124
United Natural Foods
UNFI
$2.91B
$862K 0.05%
93,871
+30,848
+49% +$245K
MD icon
125
PUT
Pediatrix Medical
MD
$2.19B
$625K 0.03%
+53,700
New +$1.11M
3 4
5
6 7

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Saba Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Saba Capital Management held 159 positions worth $1.9B, down 9.8% from $2.11B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Saba Capital Management deployed $430M of net new capital in Q1 2020, opening 68 new positions and adding to 44 existing holdings. Its largest new stake was Nuveen Floating Rate Income Fund: 2,803,197 shares worth $21.2M.

By sector, the portfolio is most concentrated in Energy at 0.85% of assets, up from 0.1% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Western Asset High Income Opportunity Fund, an estimated $12M trimmed.

  • Saba Capital Management's largest Q1 2020 buy was Nuveen Floating Rate Income Fund: 2,803,197 shares worth $21.2M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund in Q1 2020, an estimated $46.9M increase.
  • Saba Capital Management's biggest Q1 2020 reduction was Western Asset High Income Opportunity Fund, cutting an estimated $12M.
  • Saba Capital Management fully exited BlackRock Credit Allocation Income Trust in Q1 2020, selling an estimated $7.36M.
  • Saba Capital Management's ten largest holdings make up 45% of its $1.9B portfolio in Q1 2020.
  • Saba Capital Management opened 68 new positions and closed 12 in Q1 2020.
  • Saba Capital Management's portfolio value fell 9.8% quarter-over-quarter to $1.9B.

Based on Saba Capital Management's 13F filing for Q1 2020, filed 15 May 2020.