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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
+8.68%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.44B
AUM Growth
+$34.5M
Cap. Flow
-$262M
Cap. Flow %
-10.73%
Top 10 Hldgs %
53.19%
Holding
216
New
66
Increased
46
Reduced
45
Closed
49

Top Buys

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$45.4M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$32.3M
3
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$29.9M
4
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$18.1M
5
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$13.9M

Top Sells

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$86.3M
2
PHD
Pioneer Floating Rate Fund
PHD
+$55.7M
3
NHS
Neuberger High Yield Strategies Fund Inc
NHS
+$54.1M
4
HIO
Western Asset High Income Opportunity Fund
HIO
+$53.2M
5
HIX
Western Asset High Income Fund II
HIX
+$46M

Sector Composition

Rank Sector Weight
1 Financials 1.75%
2 Industrials 0.96%
3 Healthcare 0.46%
4 Consumer Discretionary 0.37%
5 Energy 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GRSVU
201
DELISTED
Gores Holdings V, Inc. Unit
GRSVU
– –
-438,899
Closed -$4.54M
ASPL.U
202
DELISTED
Aspirational Consumer Lifestyle Corp. Units, each consisting of one Class A ordinary share and one-t
ASPL.U
– –
-58,600
Closed -$586K
WPF
203
DELISTED
Foley Trasimene Acquisition Corp.
WPF
– –
-81,224
Closed -$841K
HOLUU
204
DELISTED
Holicity Inc. Unit
HOLUU
– –
-148,575
Closed -$1.54M
FTOCU
205
DELISTED
FTAC Olympus Acquisition Corp. Unit
FTOCU
– –
-50,000
Closed -$500K
FAII.U
206
DELISTED
Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and
FAII.U
– –
-78,206
Closed -$806K
ACTCU
207
DELISTED
ArcLight Clean Transition Corp. Unit
ACTCU
– –
-100,000
Closed -$1M
THBR
208
DELISTED
Thunder Bridge Acquisition II, Ltd. Class A Ordinary Shares
THBR
– –
-126,109
Closed -$1.29M
JIH
209
DELISTED
Juniper Industrial Holdings, Inc.
JIH
– –
-12,500
Closed -$131K
GIK.WS
210
DELISTED
GigCapital3, Inc. Redeemable Warrants, each exercisable for one share of Common Stock at an exercise
GIK.WS
– –
-60,247
Closed -$39K
STPK.U
211
DELISTED
Star Peak Energy Transition Corp. Units, each consisting of one share of Class A common stock, and o
STPK.U
– –
-50,000
Closed -$513K
RPLA
212
DELISTED
Replay Acquisition Corp. Ordinary Shares
RPLA
– –
-16,100
Closed -$164K
BFT.U
213
DELISTED
Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an
BFT.U
– –
-99,000
Closed -$1.01M
TLI
214
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
– –
-945,082
Closed -$8.75M
BQH
215
DELISTED
BlackRock New York Municipal Bond Trust
BQH
– –
-484,356
Closed -$7.67M
DNI
216
DELISTED
Dividend and Income Fund
DNI
– –
-216,970
Closed -$1.97M
5 6 7 8
9

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Saba Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Saba Capital Management held 216 positions worth $2.44B, up 1.4% from $2.41B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Saba Capital Management withdrew a net $262M in Q4 2020, closing 49 positions and reducing 45 holdings. Its most notable exit was Western Asset Global High Income Fund, an estimated $86.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 1.7% of assets, up from 0.51% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Saba Capital Management opened a new position in Calamos Long/Short Equity & Dynamic Income Trust worth $19.5M.

  • Saba Capital Management's largest Q4 2020 buy was Calamos Long/Short Equity & Dynamic Income Trust: 1,117,022 shares worth $19.5M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund II in Q4 2020, an estimated $45.4M increase.
  • Saba Capital Management's biggest Q4 2020 reduction was Pioneer Floating Rate Fund, cutting an estimated $55.7M.
  • Saba Capital Management fully exited Western Asset Global High Income Fund in Q4 2020, selling an estimated $86.3M.
  • Saba Capital Management's ten largest holdings make up 53% of its $2.44B portfolio in Q4 2020.
  • Saba Capital Management opened 66 new positions and closed 49 in Q4 2020.
  • Saba Capital Management's portfolio value rose 1.4% quarter-over-quarter to $2.44B.

Based on Saba Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.