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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
-3.07%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.94B
AUM Growth
+$339M
(+21%)
Cap. Flow
+$326M
Cap. Flow
% of AUM
16.75%
Top 10 Holdings %
Top 10 Hldgs %
45.45%
Holding
125
New
31
Increased
23
Reduced
34
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SDRL
Seadrill Limited Common Stock
SDRL
|
+$49.5M |
| 2 |
Nuveen Credit Strategies Income Fund
JQC
|
+$33.2M |
| 3 |
EVV
Eaton Vance Limited Duration Income Fund
EVV
|
+$29.2M |
| 4 |
Invesco Senior Income Trust
VVR
|
+$23.4M |
| 5 |
BRW
Saba Capital Income & Opportunities Fund
BRW
|
+$23.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TEI
Templeton Emerging Markets Income Fund
TEI
|
+$25.7M |
| 2 |
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
|
+$18.2M |
| 3 |
AOD
abrdn Total Dynamic Dividend Fund
AOD
|
+$15.3M |
| 4 |
BlackRock Corporate High Yield Fund
HYT
|
+$13.9M |
| 5 |
Apple
AAPL
|
+$10.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.69% |
| 2 | Healthcare | 1.47% |
| 3 | Financials | 0.79% |
| 4 | Communication Services | 0.37% |
| 5 | Consumer Discretionary | 0.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $182M | 9.37% |
1,800,000
| – | – |
|
|
2
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $132M | 6.76% |
1,300,000
-500,000
| -28% | -$51M |
|
|
3
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $98.8M | 5.08% |
976,122
+81,327
| +9% | +$8.3M |
|
4
PUT
Cisco
CSCO
$450B
| $97.3M | 5% |
+2,000,000
| New | +$90M |
|
5
PUT
Qualcomm
QCOM
$176B
| $72M | 3.7% |
+1,000,000
| New | +$65.8M |
|
|
6
Nuveen Credit Strategies Income Fund
JQC
$702M
| $69.2M | 3.56% |
8,684,018
+4,184,687
| +93% | +$33.2M |
|
|
SDRL
7
DELISTED
Seadrill Limited Common Stock
SDRL
| $60.4M | 3.11% |
+2,436,646
| New | +$49.5M |
|
|
EVV
8
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $57.7M | 2.97% |
4,552,539
+2,307,084
| +103% | +$29.2M |
|
|
AOD
9
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
| $57.6M | 2.96% |
6,562,620
-1,727,304
| -21% | -$15.3M |
|
10
PUT
Microsoft
MSFT
$2.84T
| $57.2M | 2.94% |
+500,000
| New | +$54.2M |
|
11
PUT
Simon Property Group
SPG
$74.5B
| $53M | 2.73% |
+300,000
| New | +$53.1M |
|
|
EAD
12
Allspring Income Opportunities Fund
EAD
$372M
| $52.7M | 2.71% |
6,655,456
+399,843
| +6% | +$3.19M |
|
|
HIO
13
Western Asset High Income Opportunity Fund
HIO
$335M
| $50.9M | 2.62% |
10,701,646
+286,094
| +3% | +$1.37M |
|
14
PUT
Tesla
TSLA
$1.24T
| $49.4M | 2.54% |
2,800,500
+625,500
| +29% | +$13M |
|
15
PUT
Alphabet (Google) Class A
GOOGL
$3.91T
| $48.3M | 2.48% |
800,000
-12,000
| -1% | -$726K |
|
16
BlackRock Debt Strategies Fund
DSU
$591M
| $45.5M | 2.34% |
4,079,990
-811,573
| -17% | -$9.13M |
|
17
PUT
IBM
IBM
$202B
| $45.4M | 2.33% |
313,800
| – | – |
|
|
HIX
18
Western Asset High Income Fund II
HIX
$352M
| $40.1M | 2.06% |
6,319,009
+1,071,263
| +20% | +$6.85M |
|
|
TEI
19
Templeton Emerging Markets Income Fund
TEI
$310M
| $36M | 1.85% |
3,600,542
-2,510,566
| -41% | -$25.7M |
|
20
PUT
Texas Instruments
TXN
$255B
| $32.2M | 1.66% |
300,000
| – | – |
|
21
Community Health Systems
CYH
$385M
| $28.5M | 1.47% |
8,237,198
+24,193
| +0.3% | +$78.7K |
|
22
PUT
Oracle
ORCL
$331B
| $28.4M | 1.46% |
+550,000
| New | +$26.7M |
|
23
PUT
Herbalife
HLF
$1.23B
| $26.3M | 1.35% |
+482,700
| New | +$26.7M |
|
|
EHI
24
Western Asset Global High Income Fund
EHI
$175M
| $25.3M | 1.3% |
2,782,600
+628,078
| +29% | +$5.75M |
|
|
25
PUT
Apple
AAPL
$4.89T
| $24.8M | 1.27% |
439,200
-360,800
| -45% | -$18.8M |
|
Similar funds
ACM
WB
GCM
VI
SL
JFG
U
SPC
Saba Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Saba Capital Management held 125 positions worth $1.94B, up 21% from $1.61B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Saba Capital Management deployed $326M of net new capital in Q3 2018, opening 31 new positions and adding to 23 existing holdings. Its largest new stake was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.
By sector, the portfolio is most concentrated in Technology at 3.7% of assets, up from 2.7% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Templeton Emerging Markets Income Fund, an estimated $25.7M trimmed.
- Saba Capital Management's largest Q3 2018 buy was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.
- Saba Capital Management added most to Nuveen Credit Strategies Income Fund in Q3 2018, an estimated $33.2M increase.
- Saba Capital Management's biggest Q3 2018 reduction was Templeton Emerging Markets Income Fund, cutting an estimated $25.7M.
- Saba Capital Management fully exited Saba Capital Income & Opportunities Fund II in Q3 2018, selling an estimated $5.77M.
- Saba Capital Management's ten largest holdings make up 45% of its $1.94B portfolio in Q3 2018.
- Saba Capital Management opened 31 new positions and closed 19 in Q3 2018.
- Saba Capital Management's portfolio value rose 21% quarter-over-quarter to $1.94B.
Based on Saba Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.