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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
PCG icon
151
PUT
PG&E
PCG
$38.3B
– –
-101,200
Closed -$2.4M
PHT
152
DELISTED
Pioneer High Income Fund
PHT
– –
-154,411
Closed -$1.23M
SPH icon
153
PUT
Suburban Propane Partners
SPH
$1.24B
– –
-526,800
Closed -$10.2M
TXN icon
154
Texas Instruments
TXN
$252B
– –
-300,000
Closed -$28.4M
TXN icon
155
PUT
Texas Instruments
TXN
$252B
– –
-300,000
Closed -$28.4M
USA icon
156
Liberty All-Star Equity Fund
USA
$1.79B
– –
-25,821
Closed -$139K
VGI
157
Virtus Global Multi-Sector Income Fund
VGI
$81.9M
– –
-32,528
Closed -$360K
XRX icon
158
Xerox
XRX
$386M
– –
-97,643
Closed -$1.93M
XRX icon
159
PUT
Xerox
XRX
$386M
– –
-97,700
Closed -$1.93M
MUI
160
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
– –
-125,225
Closed -$1.58M
AFT
161
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
– –
-17,800
Closed -$256K
JPS
162
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
– –
-79,698
Closed -$660K
NSL
163
DELISTED
NUVEEN SENIOR INCM FD
NSL
– –
-87,415
Closed -$481K
EXD
164
DELISTED
Eaton Vance TaxManaged Buy-Write Strategy Fund
EXD
– –
-72,498
Closed -$618K
MYJ
165
DELISTED
Blackrock Muni Yield New Jersey Fund, Inc.
MYJ
– –
-236,586
Closed -$3.06M
MCA
166
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
– –
-56,915
Closed -$719K
FTACU
167
DELISTED
FinTech Acquisition Corp. III Unit
FTACU
– –
-140,000
Closed -$1.4M
DF
168
DELISTED
Dean Foods Company
DF
– –
-100,000
Closed -$381K
LINDW
169
DELISTED
Lindblad Expeditions Holdings Inc. Warrant
LINDW
– –
-24,525
Closed -$77K
DCF
170
DELISTED
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
DCF
– –
-30,000
Closed -$230K
AKP
171
DELISTED
Alliance Californa Muni Fd
AKP
– –
-13,535
Closed -$185K
MMV
172
DELISTED
Eaton Vance Massachusetts Municipal Income Trust
MMV
– –
-39,252
Closed -$484K
EIP
173
DELISTED
Eaton Vance Pennsylvania Municipal Bond Fund
EIP
– –
-42,320
Closed -$482K
CYHHZ
174
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
– –
-1,981,077
Closed -$2K
JSD
175
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
– –
-13,519
Closed -$194K
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.