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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
+4.4%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.41B
AUM Growth
+$119M
Cap. Flow
+$55M
Cap. Flow %
2.29%
Top 10 Hldgs %
48.42%
Holding
183
New
67
Increased
27
Reduced
42
Closed
33

Top Buys

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$38M
2
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$26M
3
SOR
Source Capital
SOR
+$17.5M
4
IGD
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
+$16.6M
5
JRO
Nuveen Floating Rate Income Opportunty Fund
JRO
+$12.6M

Top Sells

Rank Stock Value
1
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$15.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$11.7M
3
ISD
PGIM High Yield Bond Fund
ISD
+$7.69M
4
MHN
BlackRock MuniHoldings New Yrok Quality Fund
MHN
+$7.63M
5
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
+$7.14M

Sector Composition

Rank Sector Weight
1 Industrials 0.54%
2 Financials 0.51%
3 Consumer Discretionary 0.39%
4 Healthcare 0.28%
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
$16.3B
$433M 18.01%
5,165,000
+768,500
+17% +$64.7M
BRW
2
Saba Capital Income & Opportunities Fund
BRW
$336M
$160M 6.66%
18,160,337
– –
X
3
PUT
DELISTED
US Steel
X
$94.6M 3.93%
12,882,200
+628,900
+5% +$4.76M
AAL icon
4
PUT
American Airlines Group
AAL
$9.58B
$89.5M 3.72%
7,283,500
+1,394,500
+24% +$17.5M
EHI
5
Western Asset Global High Income Fund
EHI
$175M
$86.3M 3.59%
8,956,102
– –
SABA
6
Saba Capital Income & Opportunities Fund II
SABA
$220M
$64.2M 2.67%
6,000,443
+3,517,616
+142% +$38M
HIO
7
Western Asset High Income Opportunity Fund
HIO
$335M
$63.3M 2.63%
12,912,550
– –
PHD
8
DELISTED
Pioneer Floating Rate Fund
PHD
$61.9M 2.57%
6,124,520
– –
VTA
9
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$56.4M 2.34%
6,126,393
-114,734
-2% -$1.04M
JFR icon
10
Nuveen Floating Rate Income Fund
JFR
$1.23B
$55.5M 2.31%
6,681,845
+1,444,345
+28% +$11.8M
VVR icon
11
Invesco Senior Income Trust
VVR
$456M
$55.4M 2.3%
15,147,391
+196,816
+1% +$702K
NHS
12
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$54.1M 2.25%
4,874,870
– –
EVV
13
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$51.4M 2.14%
4,543,349
-1,307,472
-22% -$15.1M
EVF
14
Eaton Vance Senior Income Trust
EVF
$90.3M
$47.2M 1.96%
8,043,774
+2,034,077
+34% +$11.6M
HIX
15
Western Asset High Income Fund II
HIX
$352M
$46M 1.91%
7,183,784
-344,845
-5% -$2.26M
EFT
16
Eaton Vance Floating-Rate Income Trust
EFT
$283M
$44.9M 1.86%
3,777,115
-42,706
-1% -$505K
GHY
17
PGIM Global High Yield Fund
GHY
$478M
$42M 1.74%
3,169,006
-120,643
-4% -$1.6M
JRO
18
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$35.6M 1.48%
4,336,499
+1,555,218
+56% +$12.6M
FRA icon
19
BlackRock Floating Rate Income Strategies Fund
FRA
$381M
$34.6M 1.44%
3,009,409
-105,083
-3% -$1.21M
UBER icon
20
PUT
Uber
UBER
$134B
$34.1M 1.42%
934,200
+806,000
+629% +$26.6M
JGH icon
21
Nuveen Global High Income Fund
JGH
$348M
$28.5M 1.18%
2,106,948
-198,533
-9% -$2.75M
NFJ
22
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$28.2M 1.17%
2,393,349
+2,169,941
+971% +$26M
EFR
23
Eaton Vance Senior Floating-Rate Fund
EFR
$311M
$28M 1.16%
2,404,749
+130,483
+6% +$1.52M
SOR
24
Source Capital
SOR
$369M
$24.4M 1.01%
661,889
+483,823
+272% +$17.5M
EFF
25
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$24M 1%
1,714,749
– –
1
2 3 4 5

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WB
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GCM
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VI
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SL
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JFG
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Saba Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Saba Capital Management held 183 positions worth $2.41B, up 5.2% from $2.29B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management's Q3 2020 filing shows 67 new, 27 increased, 42 reduced and 33 closed positions. Its largest new stake was Voya Global Equity Dividend and Premium Opportunity Fund: 3,335,503 shares worth $16.5M. The largest sale was Eaton Vance Limited Duration Income Fund, an estimated $15.1M.

By sector, the portfolio is most concentrated in Industrials at 0.54% of assets, up from 0.46% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Saba Capital Management's largest Q3 2020 buy was Voya Global Equity Dividend and Premium Opportunity Fund: 3,335,503 shares worth $16.5M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund II in Q3 2020, an estimated $38M increase.
  • Saba Capital Management's biggest Q3 2020 reduction was Eaton Vance Limited Duration Income Fund, cutting an estimated $15.1M.
  • Saba Capital Management fully exited BlackRock MuniHoldings New Yrok Quality Fund in Q3 2020, selling an estimated $7.63M.
  • Saba Capital Management's ten largest holdings make up 48% of its $2.41B portfolio in Q3 2020.
  • Saba Capital Management opened 67 new positions and closed 33 in Q3 2020.
  • Saba Capital Management's portfolio value rose 5.2% quarter-over-quarter to $2.41B.

Based on Saba Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.