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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
+12.46%
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
+$386M
(+20%)
Cap. Flow
+$130M
Cap. Flow
% of AUM
5.69%
Top 10 Holdings %
Top 10 Hldgs %
48.23%
Holding
161
New
14
Increased
39
Reduced
52
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PHD
Pioneer Floating Rate Fund
PHD
|
+$27.9M |
| 2 |
EFT
Eaton Vance Floating-Rate Income Trust
EFT
|
+$22.8M |
| 3 |
SABA
Saba Capital Income & Opportunities Fund II
SABA
|
+$20M |
| 4 |
Nuveen Floating Rate Income Fund
JFR
|
+$18.8M |
| 5 |
EVF
Eaton Vance Senior Income Trust
EVF
|
+$17.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck High Yield Muni ETF
HYD
|
+$21.6M |
| 2 |
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
|
+$10.3M |
| 3 |
BlackRock Multi-Sector Income Trust
BIT
|
+$9.93M |
| 4 |
EAD
Allspring Income Opportunities Fund
EAD
|
+$9.77M |
| 5 |
BlackRock Limited Duration Income Trust
BLW
|
+$9.45M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 0.46% |
| 2 | Energy | 0.28% |
| 3 | Healthcare | 0.23% |
| 4 | Materials | 0.19% |
| 5 | Consumer Discretionary | 0.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Uber
UBER
$145B
| – | – |
-47,227
| Closed | -$1.47M |
|
152
United Natural Foods
UNFI
$3.04B
| – | – |
-93,871
| Closed | -$862K |
|
153
PUT
USA Compression Partners
USAC
$3.69B
| – | – |
-25,400
| Closed | -$143K |
|
|
VGI
154
Virtus Global Multi-Sector Income Fund
VGI
$81.7M
| – | – |
-128,486
| Closed | -$1.24M |
|
|
MYC
155
DELISTED
Blackrock Muni Yield California Fund, Inc.
MYC
| – | – |
-29,225
| Closed | -$387K |
|
|
CNXM
156
PUT
DELISTED
CNX Midstream Partners LP
CNXM
| – | – |
-481,200
| Closed | -$3.9M |
|
|
SDRL
157
DELISTED
Seadrill Limited Common Stock
SDRL
| – | – |
-661,204
| Closed | -$284K |
|
|
TSLF
158
DELISTED
THL CREDIT SENIOR LOAN FUND
TSLF
| – | – |
-395,890
| Closed | -$4.58M |
|
|
MNE
159
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
| – | – |
-522,205
| Closed | -$7.65M |
|
|
IHTA
160
DELISTED
Invesco High Income 2024 Target Term Fund
IHTA
| – | – |
-14,546
| Closed | -$107K |
|
|
NJV
161
DELISTED
Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest
NJV
| – | – |
-10,169
| Closed | -$130K |
|
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Saba Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Saba Capital Management held 161 positions worth $2.29B, up 20% from $1.9B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Saba Capital Management deployed $130M of net new capital in Q2 2020, opening 14 new positions and adding to 39 existing holdings. Its largest new stake was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.
By sector, the portfolio is most concentrated in Industrials at 0.46% of assets, up from 0.39% a quarter earlier, followed by Energy and Healthcare.
On the sell side, the largest reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $10.3M trimmed.
- Saba Capital Management's largest Q2 2020 buy was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.
- Saba Capital Management added most to Pioneer Floating Rate Fund in Q2 2020, an estimated $27.9M increase.
- Saba Capital Management's biggest Q2 2020 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $10.3M.
- Saba Capital Management fully exited VanEck High Yield Muni ETF in Q2 2020, selling an estimated $21.6M.
- Saba Capital Management's ten largest holdings make up 48% of its $2.29B portfolio in Q2 2020.
- Saba Capital Management opened 14 new positions and closed 45 in Q2 2020.
- Saba Capital Management's portfolio value rose 20% quarter-over-quarter to $2.29B.
Based on Saba Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.