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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
+2.6%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$3.12B
AUM Growth
+$681M
Cap. Flow
+$546M
Cap. Flow %
17.47%
Top 10 Hldgs %
37.84%
Holding
501
New
334
Increased
31
Reduced
53
Closed
70

Top Buys

Rank Stock Value
1
RTPYU
Reinvent Technology Partners Y Unit
RTPYU
+$38.6M
2
FVIV.U
Fortress Value Acquisition Corp. IV Units, each consisting of one share of Class A common stock and one-eighth of one redeemable Warrant
FVIV.U
+$25M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$22.3M
4
SYM icon
Symbotic
SYM
+$18.4M
5
GGPIU
Gores Guggenheim, Inc. Unit
GGPIU
+$18.4M

Top Sells

Rank Stock Value
1
BRW
Saba Capital Income & Opportunities Fund
BRW
+$40.4M
2
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$28.8M
3
FRA icon
BlackRock Floating Rate Income Strategies Fund
FRA
+$25M
4
FCT
First Trust Senior Floating Rate Income Fund II
FCT
+$16M
5
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$15.9M

Sector Composition

Rank Sector Weight
1 Financials 8.34%
2 Industrials 1.88%
3 Healthcare 1.4%
4 Consumer Discretionary 0.71%
5 Technology 0.64%
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
$293M 9.38%
3,357,500
-790,000
-19% -$68.7M
UBER icon
2
PUT
Uber
UBER
$134B
$174M 5.58%
3,193,600
-6,200
-0.2% -$346K
SABA
3
Saba Capital Income & Opportunities Fund II
SABA
$220M
$130M 4.18%
12,282,508
+2,024,271
+20% +$22.3M
BRW
4
Saba Capital Income & Opportunities Fund
BRW
$336M
$127M 4.08%
13,728,650
-4,431,687
-24% -$40.4M
VTA
5
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$115M 3.69%
10,133,404
+734,902
+8% +$8.12M
EFT
6
Eaton Vance Floating-Rate Income Trust
EFT
$283M
$87.7M 2.81%
6,218,811
+124,494
+2% +$1.72M
X
7
PUT
DELISTED
US Steel
X
$74.8M 2.39%
2,856,600
-5,918,900
-67% -$117M
JFR icon
8
Nuveen Floating Rate Income Fund
JFR
$1.23B
$64.6M 2.07%
6,685,445
– –
VVR icon
9
Invesco Senior Income Trust
VVR
$456M
$61.2M 1.96%
14,582,989
-523,164
-3% -$2.17M
EVF
10
Eaton Vance Senior Income Trust
EVF
$90.3M
$53.3M 1.71%
8,043,774
– –
EFR
11
Eaton Vance Senior Floating-Rate Fund
EFR
$311M
$48.2M 1.55%
3,498,624
+167,766
+5% +$2.26M
JRO
12
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$42.9M 1.37%
4,493,406
– –
AAL icon
13
PUT
American Airlines Group
AAL
$9.58B
$39M 1.25%
1,633,000
-1,179,600
-42% -$22.8M
GHY
14
PGIM Global High Yield Fund
GHY
$478M
$38.5M 1.23%
2,578,442
-466,127
-15% -$6.87M
RTPYU
15
DELISTED
Reinvent Technology Partners Y Unit
RTPYU
$38.5M 1.23%
+3,830,559
New +$38.6M
SOR
16
Source Capital
SOR
$369M
$35.7M 1.14%
815,029
+49,020
+6% +$2.06M
JGH icon
17
Nuveen Global High Income Fund
JGH
$348M
$32.3M 1.03%
2,087,744
-200,581
-9% -$3.09M
TDG icon
18
PUT
TransDigm Group
TDG
$69.2B
$31.5M 1.01%
+53,500
New +$31.5M
BGB
19
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$30.6M 0.98%
2,295,022
-147,142
-6% -$1.93M
IGD
20
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$503M
$30.4M 0.97%
5,338,065
+842,435
+19% +$4.58M
FVIV.U
21
DELISTED
Fortress Value Acquisition Corp. IV Units, each consisting of one share of Class A common stock and one-eighth of one redeemable Warrant
FVIV.U
$24.8M 0.8%
+2,508,499
New +$25M
F icon
22
PUT
Ford
F
$57.3B
$24.5M 0.78%
+2,000,000
New +$22.9M
HIE
23
DELISTED
Miller/Howard High Income Equity Fund
HIE
$24.5M 0.78%
2,547,286
+82,927
+3% +$718K
AIF
24
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$21.8M 0.7%
1,467,780
– –
EFF
25
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$21.8M 0.7%
1,338,141
-376,608
-22% -$5.98M
1
2 3 4 5

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Saba Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Saba Capital Management held 501 positions worth $3.12B, up 28% from $2.44B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Saba Capital Management deployed $546M of net new capital in Q1 2021, opening 334 new positions and adding to 31 existing holdings. Its largest new stake was Reinvent Technology Partners Y Unit: 3,830,559 shares worth $38.5M.

By sector, the portfolio is most concentrated in Financials at 8.3% of assets, up from 1.7% a quarter earlier, followed by Industrials and Healthcare.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund, an estimated $40.4M trimmed.

  • Saba Capital Management's largest Q1 2021 buy was Reinvent Technology Partners Y Unit: 3,830,559 shares worth $38.5M.
  • Saba Capital Management added most to Saba Capital Income & Opportunities Fund II in Q1 2021, an estimated $22.3M increase.
  • Saba Capital Management's biggest Q1 2021 reduction was Saba Capital Income & Opportunities Fund, cutting an estimated $40.4M.
  • Saba Capital Management fully exited First Trust Senior Floating Rate Income Fund II in Q1 2021, selling an estimated $16M.
  • Saba Capital Management's ten largest holdings make up 38% of its $3.12B portfolio in Q1 2021.
  • Saba Capital Management opened 334 new positions and closed 70 in Q1 2021.
  • Saba Capital Management's portfolio value rose 28% quarter-over-quarter to $3.12B.

Based on Saba Capital Management's 13F filing for Q1 2021, filed 17 May 2021.