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Saba Capital Management Portfolio holdings

AUM $3.9B
1-Year Est. Return 12.9%
This Fund
S&P 500
This Quarter Est. Return
+2.53%
1 Year Est. Return
+12.9%
3 Year Est. Return
+34.99%
5 Year Est. Return
+42.32%
10 Year Est. Return
+54.91%
AUM
$2.35B
AUM Growth
+$59.7M
Cap. Flow
+$172M
Cap. Flow %
7.34%
Top 10 Hldgs %
53.05%
Holding
127
New
13
Increased
50
Reduced
29
Closed
17

Top Buys

Rank Stock Value
1
FRA icon
BlackRock Floating Rate Income Strategies Fund
FRA
+$26.1M
2
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$20.1M
3
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$19.5M
4
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$15.1M
5
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$14.1M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$23.8M
2
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$8.62M
3
F icon
Ford
F
+$6.17M
4
DSU icon
BlackRock Debt Strategies Fund
DSU
+$6.15M
5
ISD
PGIM High Yield Bond Fund
ISD
+$5.5M

Sector Composition

Rank Sector Weight
1 Miscellaneous 98.38%
2 Healthcare 0.68%
3 Industrials 0.26%
4 Financials 0.14%
5 Energy 0.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HYG icon
1
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.4B
$330M 14.08%
3,788,100
-2,085,400
-36% -$180M
YPF icon
2
PUT
YPF Sociedad Anonima ADS
YPF
$21.4B
$185M 7.88%
10,147,900
+6,088,200
+150% +$93.7M
TDG icon
3
PUT
TransDigm Group
TDG
$62.2B
$131M 5.57%
270,000
-40,000
-13% -$18.7M
JQC icon
4
Nuveen Credit Strategies Income Fund
JQC
$705M
$113M 4.8%
14,212,653
– –
VVR icon
5
Invesco Senior Income Trust
VVR
$456M
$94.3M 4.02%
21,826,069
+3,008,831
+16% +$12.8M
VTA
6
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$82.5M 3.52%
7,381,007
+638,280
+9% +$7.09M
HIO
7
Western Asset High Income Opportunity Fund
HIO
$328M
$79.1M 3.37%
15,418,700
+1,517,000
+11% +$7.53M
EHI
8
Western Asset Global High Income Fund
EHI
$171M
$77.8M 3.31%
7,830,384
+727,100
+10% +$7.07M
HIX
9
Western Asset High Income Fund II
HIX
$348M
$76.6M 3.27%
10,917,027
+439,356
+4% +$2.93M
EVV
10
Eaton Vance Limited Duration Income Fund
EVV
$1.05B
$75.8M 3.23%
5,995,470
-681,957
-10% -$8.62M
BTZ icon
11
BlackRock Credit Allocation Income Trust
BTZ
$923M
$70.8M 3.02%
5,455,561
+1,538,624
+39% +$19.5M
BRW
12
Saba Capital Income & Opportunities Fund
BRW
$324M
$64.3M 2.74%
6,752,926
+1,032,433
+18% +$9.91M
CNX icon
13
PUT
CNX Resources
CNX
$5.44B
$56.9M 2.43%
+7,790,500
New +$68.4M
FSD
14
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$49.8M 2.12%
3,312,601
+441,794
+15% +$6.46M
NHS
15
Neuberger High Yield Strategies Fund Inc
NHS
$247M
$44.1M 1.88%
3,766,921
+358,651
+11% +$4.2M
BBWI icon
16
PUT
Bath & Body Works
BBWI
$3.57B
$37.9M 1.61%
1,793,897
+7,545
+0.4% +$149K
TSLA icon
17
PUT
Tesla
TSLA
$1.45T
$32.4M 1.38%
2,175,000
-750,000
-26% -$11.7M
GEO icon
18
PUT
The GEO Group
GEO
$4.16B
$31.8M 1.35%
1,512,500
+600,000
+66% +$12.7M
NQP
19
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$31.7M 1.35%
2,324,818
+1,497,857
+181% +$20.1M
NRK icon
20
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$864M
$29.5M 1.26%
2,256,985
+1,090,257
+93% +$14.1M
GPOR
21
PUT
DELISTED
Gulfport Energy Corp.
GPOR
$28.7M 1.22%
5,837,800
+2,913,700
+100% +$18.6M
FRA icon
22
BlackRock Floating Rate Income Strategies Fund
FRA
$384M
$27.8M 1.18%
2,165,991
+2,027,988
+1,470% +$26.1M
GHY
23
PGIM Global High Yield Fund
GHY
$469M
$27.4M 1.17%
1,899,631
-9,792
-0.5% -$138K
JGH icon
24
Nuveen Global High Income Fund
JGH
$347M
$23.8M 1.01%
1,537,344
+493,139
+47% +$7.61M
FCT
25
DELISTED
First Trust Senior Floating Rate Income Fund II
FCT
$23.5M 1%
1,946,610
+972,112
+100% +$11.7M
1
2 3 4 5

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Saba Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, Saba Capital Management held 127 positions worth $2.35B, up 2.6% from $2.29B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Saba Capital Management deployed $172M of net new capital in Q2 2019, opening 13 new positions and adding to 50 existing holdings. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 40,828 shares worth $3.56M.

By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, up from 97% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Eaton Vance Limited Duration Income Fund, an estimated $8.62M trimmed.

  • Saba Capital Management's largest Q2 2019 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 40,828 shares worth $3.56M.
  • Saba Capital Management added most to BlackRock Floating Rate Income Strategies Fund in Q2 2019, an estimated $26.1M increase.
  • Saba Capital Management's biggest Q2 2019 reduction was Eaton Vance Limited Duration Income Fund, cutting an estimated $8.62M.
  • Saba Capital Management fully exited Qualcomm in Q2 2019, selling an estimated $23.8M.
  • Saba Capital Management's ten largest holdings make up 53% of its $2.35B portfolio in Q2 2019.
  • Saba Capital Management opened 13 new positions and closed 17 in Q2 2019.
  • Saba Capital Management's portfolio value rose 2.6% quarter-over-quarter to $2.35B.

Based on Saba Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.