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SCM
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
(-9.8%)
Cap. Flow
+$430M
Cap. Flow
% of AUM
22.59%
Top 10 Holdings %
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 |
Nuveen Floating Rate Income Fund
JFR
|
+$26M |
| 3 |
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 |
Invesco Senior Income Trust
VVR
|
+$11.2M |
| 4 |
Community Health Systems
CYH
|
+$9.27M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
151
PUT
Genesis Energy
GEL
$1.87B
| – | – |
-1,586,600
| Closed | -$32.5M |
|
152
The GEO Group
GEO
$4.13B
| – | – |
-31,746
| Closed | -$527K |
|
|
153
PUT
The GEO Group
GEO
$4.13B
| – | – |
-2,189,800
| Closed | -$36.4M |
|
154
PUT
Tesla
TSLA
$1.23T
| – | – |
-300,000
| Closed | -$8.37M |
|
|
RRD
155
PUT
DELISTED
RR Donnelley & Sons Co.
RRD
| – | – |
-1,000
| Closed | -$4K |
|
|
GRUB
156
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| – | – |
-18,925
| Closed | -$1.84M |
|
|
GRUB
157
PUT
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| – | – |
-325,000
| Closed | -$31.6M |
|
|
EGIF
158
DELISTED
Eagle Growth and Income Opportunities Fund
EGIF
| – | – |
-10,677
| Closed | -$182K |
|
|
DO
159
PUT
DELISTED
Diamond Offshore Drilling
DO
| – | – |
-310,000
| Closed | -$2.23M |
|
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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.