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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
+12.46%
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
$2.29B
AUM Growth
+$386M
Cap. Flow
+$3.11M
Cap. Flow %
0.14%
Top 10 Hldgs %
48.23%
Holding
161
New
14
Increased
39
Reduced
52
Closed
45

Top Buys

Rank Stock Value
1
PHD
Pioneer Floating Rate Fund
PHD
+$27.9M
2
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$22.8M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$20M
4
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$18.8M
5
EVF
Eaton Vance Senior Income Trust
EVF
+$17.1M

Top Sells

Rank Stock Value
1
HYD icon
VanEck High Yield Muni ETF
HYD
+$21.6M
2
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$10.3M
3
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$9.93M
4
EAD
Allspring Income Opportunities Fund
EAD
+$9.77M
5
BLW icon
BlackRock Limited Duration Income Trust
BLW
+$9.45M

Sector Composition

Rank Sector Weight
1 Miscellaneous 98.5%
2 Industrials 0.46%
3 Energy 0.28%
4 Healthcare 0.23%
5 Materials 0.19%
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
$15.1B
$359M 15.69%
4,396,500
+396,500
+10% +$32M
BRW
2
Saba Capital Income & Opportunities Fund
BRW
$319M
$148M 6.46%
18,160,337
+265,668
+1% +$2.12M
CHTR icon
3
PUT
Charter Communications
CHTR
$16.8B
$109M 4.76%
213,500
+25,600
+14% +$13M
X
4
PUT
DELISTED
US Steel
X
$88.5M 3.87%
12,253,300
+8,046,700
+191% +$62.8M
EHI
5
Western Asset Global High Income Fund
EHI
$168M
$82.8M 3.62%
8,956,102
+604,724
+7% +$5.26M
AAL icon
6
PUT
American Airlines Group
AAL
$8.45B
$77M 3.37%
+5,889,000
New +$71.4M
EVV
7
Eaton Vance Limited Duration Income Fund
EVV
$1.01B
$65.9M 2.88%
5,850,821
-424,897
-7% -$4.63M
HIO
8
Western Asset High Income Opportunity Fund
HIO
$323M
$59.7M 2.61%
12,912,550
– –
PHD
9
DELISTED
Pioneer Floating Rate Fund
PHD
$58.2M 2.55%
6,124,520
+3,169,509
+107% +$27.9M
VTA
10
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$55.5M 2.43%
6,241,127
+1,021,342
+20% +$8.7M
VVR icon
11
Invesco Senior Income Trust
VVR
$446M
$51.7M 2.26%
14,950,575
+3,576,035
+31% +$12.1M
NHS
12
Neuberger High Yield Strategies Fund Inc
NHS
$237M
$50.5M 2.21%
4,874,870
+580,361
+14% +$5.83M
HIX
13
Western Asset High Income Fund II
HIX
$338M
$46.7M 2.04%
7,528,629
+74,568
+1% +$420K
UAL icon
14
PUT
United Airlines
UAL
$34.7B
$45.6M 2%
+1,318,600
New +$39.5M
EFT
15
Eaton Vance Floating-Rate Income Trust
EFT
$278M
$43.5M 1.9%
3,819,821
+2,073,219
+119% +$22.8M
GHY
16
PGIM Global High Yield Fund
GHY
$458M
$41.8M 1.83%
3,289,649
+194,204
+6% +$2.35M
JFR icon
17
Nuveen Floating Rate Income Fund
JFR
$1.2B
$41.4M 1.81%
5,237,500
+2,434,303
+87% +$18.8M
YPF icon
18
PUT
YPF Sociedad Anonima ADS
YPF
$22.6B
$36.2M 1.58%
6,302,100
-3,190,400
-34% -$14.9M
FRA icon
19
BlackRock Floating Rate Income Strategies Fund
FRA
$377M
$34.8M 1.52%
3,114,492
+443,464
+17% +$4.84M
EVF
20
Eaton Vance Senior Income Trust
EVF
$88.5M
$32M 1.4%
6,009,697
+3,334,982
+125% +$17.1M
JGH icon
21
Nuveen Global High Income Fund
JGH
$343M
$30.5M 1.34%
2,305,481
+570,736
+33% +$7.13M
JQC icon
22
Nuveen Credit Strategies Income Fund
JQC
$687M
$27.3M 1.2%
4,681,661
-390,921
-8% -$2.31M
ISD
23
PGIM High Yield Bond Fund
ISD
$397M
$26.7M 1.17%
2,019,301
-44,211
-2% -$563K
SABA
24
Saba Capital Income & Opportunities Fund II
SABA
$214M
$26.7M 1.17%
2,482,827
+1,877,109
+310% +$20M
EFR
25
Eaton Vance Senior Floating-Rate Fund
EFR
$304M
$25.7M 1.13%
2,274,266
+733,043
+48% +$7.94M
1
2 3 4 5

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Saba Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Saba Capital Management held 161 positions worth $2.29B, up 20% from $1.9B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management's Q2 2020 filing shows 14 new, 39 increased, 52 reduced and 45 closed positions. Its largest new stake was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M. The largest sale was VanEck High Yield Muni ETF, an estimated $21.6M.

By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, up from 97% a quarter earlier, followed by Industrials and Energy.

  • Saba Capital Management's largest Q2 2020 buy was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.
  • Saba Capital Management added most to Pioneer Floating Rate Fund in Q2 2020, an estimated $27.9M increase.
  • Saba Capital Management's biggest Q2 2020 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $10.3M.
  • Saba Capital Management fully exited VanEck High Yield Muni ETF in Q2 2020, selling an estimated $21.6M.
  • Saba Capital Management's ten largest holdings make up 48% of its $2.29B portfolio in Q2 2020.
  • Saba Capital Management opened 14 new positions and closed 45 in Q2 2020.
  • Saba Capital Management's portfolio value rose 20% quarter-over-quarter to $2.29B.

Based on Saba Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.