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Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
+8.68%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.44B
AUM Growth
+$34.5M
Cap. Flow
-$262M
Cap. Flow %
-10.73%
Top 10 Hldgs %
53.19%
Holding
216
New
66
Increased
46
Reduced
45
Closed
49

Top Buys

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$45.4M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$32.3M
3
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$29.9M
4
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$18.1M
5
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$13.9M

Top Sells

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$86.3M
2
PHD
Pioneer Floating Rate Fund
PHD
+$55.7M
3
NHS
Neuberger High Yield Strategies Fund Inc
NHS
+$54.1M
4
HIO
Western Asset High Income Opportunity Fund
HIO
+$53.2M
5
HIX
Western Asset High Income Fund II
HIX
+$46M

Sector Composition

Rank Sector Weight
1 Financials 1.75%
2 Industrials 0.96%
3 Healthcare 0.46%
4 Consumer Discretionary 0.37%
5 Energy 0.28%
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
$362M 14.83%
4,147,500
-1,017,500
-20% -$87.1M
UBER icon
2
PUT
Uber
UBER
$134B
$163M 6.69%
3,199,800
+2,265,600
+243% +$102M
BRW
3
Saba Capital Income & Opportunities Fund
BRW
$336M
$162M 6.65%
18,160,337
– –
X
4
PUT
DELISTED
US Steel
X
$147M 6.03%
8,775,500
-4,106,700
-32% -$51M
SABA
5
Saba Capital Income & Opportunities Fund II
SABA
$220M
$113M 4.62%
10,258,237
+4,257,794
+71% +$45.4M
VTA
6
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$101M 4.14%
9,398,502
+3,272,109
+53% +$32.3M
EFT
7
Eaton Vance Floating-Rate Income Trust
EFT
$283M
$80.2M 3.29%
6,094,317
+2,317,202
+61% +$29.9M
VVR icon
8
Invesco Senior Income Trust
VVR
$456M
$60.1M 2.46%
15,106,153
-41,238
-0.3% -$155K
JFR icon
9
Nuveen Floating Rate Income Fund
JFR
$1.23B
$58.4M 2.39%
6,685,445
+3,600
+0.1% +$30.4K
EVF
10
Eaton Vance Senior Income Trust
EVF
$90.3M
$51.2M 2.1%
8,043,774
– –
EVV
11
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$47.7M 1.96%
3,810,648
-732,701
-16% -$8.82M
AAL icon
12
PUT
American Airlines Group
AAL
$9.58B
$44.4M 1.82%
2,812,600
-4,470,900
-61% -$61.9M
GHY
13
PGIM Global High Yield Fund
GHY
$478M
$44.2M 1.81%
3,044,569
-124,437
-4% -$1.71M
EFR
14
Eaton Vance Senior Floating-Rate Fund
EFR
$311M
$42.4M 1.74%
3,330,858
+926,109
+39% +$11.6M
JRO
15
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$38.9M 1.59%
4,493,406
+156,907
+4% +$1.31M
FRA icon
16
BlackRock Floating Rate Income Strategies Fund
FRA
$381M
$36.1M 1.48%
2,979,329
-30,080
-1% -$356K
JGH icon
17
Nuveen Global High Income Fund
JGH
$348M
$35.6M 1.46%
2,288,325
+181,377
+9% +$2.61M
NFJ
18
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$31M 1.27%
2,303,652
-89,697
-4% -$1.13M
NRK icon
19
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$900M
$30.7M 1.26%
2,266,851
+902,557
+66% +$11.8M
SOR
20
Source Capital
SOR
$369M
$30.6M 1.25%
766,009
+104,120
+16% +$4.02M
BGB
21
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$30.5M 1.25%
2,442,164
+1,132,349
+86% +$13.9M
EFF
22
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$26.7M 1.09%
1,714,749
– –
YPF icon
23
PUT
YPF
YPF
$20.2B
$26.1M 1.07%
5,543,800
-111,500
-2% -$493K
FSD
24
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$25M 1.02%
1,692,755
+3,048
+0.2% +$43.3K
IGD
25
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$503M
$23.5M 0.96%
4,495,630
+1,160,127
+35% +$5.85M
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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U
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SPC
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Saba Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Saba Capital Management held 216 positions worth $2.44B, up 1.4% from $2.41B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Saba Capital Management withdrew a net $262M in Q4 2020, closing 49 positions and reducing 45 holdings. Its most notable exit was Western Asset Global High Income Fund, an estimated $86.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 1.7% of assets, up from 0.51% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Saba Capital Management opened a new position in Calamos Long/Short Equity & Dynamic Income Trust worth $19.5M.

  • Saba Capital Management's largest Q4 2020 buy was Calamos Long/Short Equity & Dynamic Income Trust: 1,117,022 shares worth $19.5M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund II in Q4 2020, an estimated $45.4M increase.
  • Saba Capital Management's biggest Q4 2020 reduction was Pioneer Floating Rate Fund, cutting an estimated $55.7M.
  • Saba Capital Management fully exited Western Asset Global High Income Fund in Q4 2020, selling an estimated $86.3M.
  • Saba Capital Management's ten largest holdings make up 53% of its $2.44B portfolio in Q4 2020.
  • Saba Capital Management opened 66 new positions and closed 49 in Q4 2020.
  • Saba Capital Management's portfolio value rose 1.4% quarter-over-quarter to $2.44B.

Based on Saba Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.