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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
-9.65%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.78B
AUM Growth
+$840M
Cap. Flow
+$1.04B
Cap. Flow %
37.39%
Top 10 Hldgs %
60.4%
Holding
190
New
84
Increased
43
Reduced
23
Closed
25

Top Buys

Rank Stock Value
1
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$39.4M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$31.8M
3
VVR icon
Invesco Senior Income Trust
VVR
+$27.7M
4
QCOM icon
Qualcomm
QCOM
+$27.2M
5
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$25M

Top Sells

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$94.3M
2
TEI
Templeton Emerging Markets Income Fund
TEI
+$36M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$33.4M
4
SDRL
Seadrill Limited Common Stock
SDRL
+$32.1M
5
DEX
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
+$13M

Sector Composition

Rank Sector Weight
1 Technology 2.75%
2 Healthcare 0.63%
3 Consumer Discretionary 0.46%
4 Financials 0.45%
5 Industrials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RIG icon
176
Transocean
RIG
$5.52B
– –
-50,000
Closed -$698K
RIG icon
177
PUT
Transocean
RIG
$5.52B
– –
-1,615,800
Closed -$22.5M
TEI
178
Templeton Emerging Markets Income Fund
TEI
$314M
– –
-3,600,542
Closed -$36M
CNSL
179
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
– –
-11,670
Closed -$152K
DSKEW
180
DELISTED
Daseke, Inc. Warrant
DSKEW
– –
-67,703
Closed -$54K
CHK
181
DELISTED
Chesapeake Energy Corporation
CHK
– –
-536
Closed -$482K
PKD
182
DELISTED
Parker Drilling Company
PKD
– –
-1,087,568
Closed -$3.24M
DF
183
PUT
DELISTED
Dean Foods Company
DF
– –
-1,239,300
Closed -$8.8M
RDC
184
DELISTED
Rowan Companies Plc
RDC
– –
-10,095
Closed -$190K
RDC
185
PUT
DELISTED
Rowan Companies Plc
RDC
– –
-96,400
Closed -$1.82M
NYH
186
DELISTED
Eaton Vance New York Municipal Bond Fund II
NYH
– –
-78,149
Closed -$814K
KST
187
DELISTED
Deutsche Strategic Income Trust
KST
– –
-246,525
Closed -$3.11M
SMPLW
188
DELISTED
The Simply Good Foods Company Warrant
SMPLW
– –
-29,700
Closed -$251K
SHLD
189
DELISTED
Sears Holding Corporation
SHLD
– –
-1,127,464
Closed -$1.09M
KMM
190
DELISTED
Deutsche Multi-Market Incm Trust
KMM
– –
-766,597
Closed -$6.88M
4 5 6 7
8

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Saba Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Saba Capital Management held 190 positions worth $2.78B, up 43% from $1.94B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Saba Capital Management deployed $1.04B of net new capital in Q4 2018, opening 84 new positions and adding to 43 existing holdings. Its largest new stake was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.

By sector, the portfolio is most concentrated in Technology at 2.8% of assets, down from 3.7% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was iShares 7-10 Year Treasury Bond ETF, an estimated $94.3M trimmed.

  • Saba Capital Management's largest Q4 2018 buy was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.
  • Saba Capital Management added most to Nuveen Credit Strategies Income Fund in Q4 2018, an estimated $31.8M increase.
  • Saba Capital Management's biggest Q4 2018 reduction was iShares 7-10 Year Treasury Bond ETF, cutting an estimated $94.3M.
  • Saba Capital Management fully exited Templeton Emerging Markets Income Fund in Q4 2018, selling an estimated $36M.
  • Saba Capital Management's ten largest holdings make up 60% of its $2.78B portfolio in Q4 2018.
  • Saba Capital Management opened 84 new positions and closed 25 in Q4 2018.
  • Saba Capital Management's portfolio value rose 43% quarter-over-quarter to $2.78B.

Based on Saba Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.