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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
DHY
126
Credit Suisse High Yield Credit Fund
DHY
$240M
– –
-25,500
Closed -$55K
EBAY icon
127
eBay
EBAY
$50.3B
– –
-227,338
Closed -$6.38M
EBAY icon
128
PUT
eBay
EBAY
$50.3B
– –
-600,000
Closed -$16.8M
EIM
129
Eaton Vance Municipal Bond Fund
EIM
$491M
– –
-28,494
Closed -$322K
ENX
130
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
– –
-85,895
Closed -$945K
ERC
131
Allspring Multi-Sector Income Fund
ERC
$254M
– –
-92,684
Closed -$1.03M
EVN
132
Eaton Vance Municipal Income Trust
EVN
$415M
– –
-70,421
Closed -$796K
HLF icon
133
PUT
Herbalife
HLF
$1.27B
– –
-482,700
Closed -$28.5M
HNW
134
DELISTED
Pioneer Diversified High Income Fund
HNW
– –
-390,798
Closed -$5.08M
HYI
135
Western Asset High Yield Opportunity Fund Inc
HYI
$133M
– –
-526,781
Closed -$6.93M
IEF icon
136
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$47B
– –
-1,800,000
Closed -$188M
IEF icon
137
iShares 7-10 Year Treasury Bond ETF
IEF
$47B
– –
-45,021
Closed -$4.69M
IEF icon
138
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$47B
– –
-1,300,000
Closed -$135M
JFR icon
139
Nuveen Floating Rate Income Fund
JFR
$1.24B
– –
-143,887
Closed -$1.33M
JMM icon
140
Nuveen Multi-Market Income Fund
JMM
$54.7M
– –
-76,708
Closed -$529K
KIO
141
KKR Income Opportunities Fund
KIO
$451M
– –
-88,841
Closed -$1.27M
NAC icon
142
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
– –
-334,189
Closed -$4.26M
NAN icon
143
Nuveen New York Quality Municipal Income Fund
NAN
$367M
– –
-155,342
Closed -$1.9M
NKX icon
144
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$643M
– –
-35,594
Closed -$451K
NMS icon
145
Nuveen Minnesota Quality Municipal Income Fund
NMS
$74.7M
– –
-33,402
Closed -$407K
OMF icon
146
OneMain Financial
OMF
$7.23B
– –
-318,026
Closed -$7.72M
OMF icon
147
PUT
OneMain Financial
OMF
$7.23B
– –
-1,000,000
Closed -$24.3M
ORCL icon
148
Oracle
ORCL
$369B
– –
-30,764
Closed -$1.39M
ORCL icon
149
PUT
Oracle
ORCL
$369B
– –
-50,000
Closed -$2.26M
PCG icon
150
PG&E
PCG
$38.7B
– –
-28,125
Closed -$668K
4 5
6
7 8

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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.