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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
+2.53%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.35B
AUM Growth
+$59.7M
(+2.6%)
Cap. Flow
+$58.6M
Cap. Flow
% of AUM
2.5%
Top 10 Holdings %
Top 10 Hldgs %
53.05%
Holding
127
New
13
Increased
50
Reduced
29
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BlackRock Floating Rate Income Strategies Fund
FRA
|
+$26.1M |
| 2 |
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
|
+$20.1M |
| 3 |
BlackRock Credit Allocation Income Trust
BTZ
|
+$19.5M |
| 4 |
EFT
Eaton Vance Floating-Rate Income Trust
EFT
|
+$15.1M |
| 5 |
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
|
+$14.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$23.8M |
| 2 |
EVV
Eaton Vance Limited Duration Income Fund
EVV
|
+$8.62M |
| 3 |
Ford
F
|
+$6.17M |
| 4 |
BlackRock Debt Strategies Fund
DSU
|
+$6.15M |
| 5 |
ISD
PGIM High Yield Bond Fund
ISD
|
+$5.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 0.68% |
| 2 | Industrials | 0.26% |
| 3 | Financials | 0.14% |
| 4 | Real Estate | 0.13% |
| 5 | Consumer Discretionary | 0.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $330M | 14.08% |
3,788,100
-2,085,400
| -36% | -$180M |
|
2
PUT
YPF
YPF
$20.2B
| $185M | 7.88% |
10,147,900
+6,088,200
| +150% | +$93.7M |
|
3
PUT
TransDigm Group
TDG
$69.2B
| $131M | 5.57% |
270,000
-40,000
| -13% | -$18.7M |
|
4
Nuveen Credit Strategies Income Fund
JQC
$702M
| $113M | 4.8% |
14,212,653
| – | – |
|
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
$335M
| $79.1M | 3.37% |
15,418,700
+1,517,000
| +11% | +$7.53M |
|
|
EHI
8
Western Asset Global High Income Fund
EHI
$175M
| $77.8M | 3.31% |
7,830,384
+727,100
| +10% | +$7.07M |
|
|
HIX
9
Western Asset High Income Fund II
HIX
$352M
| $76.6M | 3.27% |
10,917,027
+439,356
| +4% | +$2.93M |
|
|
EVV
10
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $75.8M | 3.23% |
5,995,470
-681,957
| -10% | -$8.62M |
|
|
11
BlackRock Credit Allocation Income Trust
BTZ
$927M
| $70.8M | 3.02% |
5,455,561
+1,538,624
| +39% | +$19.5M |
|
|
BRW
12
Saba Capital Income & Opportunities Fund
BRW
$336M
| $64.3M | 2.74% |
6,752,926
+1,032,433
| +18% | +$9.91M |
|
13
PUT
CNX Resources
CNX
$4.85B
| $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
$252M
| $44.1M | 1.88% |
3,766,921
+358,651
| +11% | +$4.2M |
|
16
PUT
Bath & Body Works
BBWI
$4.01B
| $37.9M | 1.61% |
1,793,897
+7,545
| +0.4% | +$149K |
|
17
PUT
Tesla
TSLA
$1.24T
| $32.4M | 1.38% |
2,175,000
-750,000
| -26% | -$11.7M |
|
18
PUT
The GEO Group
GEO
$4.13B
| $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 |
|
|
20
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$900M
| $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 |
|
|
22
BlackRock Floating Rate Income Strategies Fund
FRA
$381M
| $27.8M | 1.18% |
2,165,991
+2,027,988
| +1,470% | +$26.1M |
|
|
GHY
23
PGIM Global High Yield Fund
GHY
$478M
| $27.4M | 1.17% |
1,899,631
-9,792
| -0.5% | -$138K |
|
24
Nuveen Global High Income Fund
JGH
$348M
| $23.8M | 1.01% |
1,537,344
+493,139
| +47% | +$7.61M |
|
|
FCT
25
First Trust Senior Floating Rate Income Fund II
FCT
$251M
| $23.5M | 1% |
1,946,610
+972,112
| +100% | +$11.7M |
|
Similar funds
ACM
WB
GCM
VI
SL
JFG
U
SPC
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's Q2 2019 filing shows 13 new, 50 increased, 29 reduced and 17 closed positions. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 40,828 shares worth $3.56M. The largest sale was Qualcomm, an estimated $23.8M.
By sector, the portfolio is most concentrated in Healthcare at 0.68% of assets, down from 0.73% a quarter earlier, followed by Industrials and Financials.
- 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.