Saba Capital Management, L.P.Saba Capital Management, L.P.

Institutional investor · Portfolio as of Q2 2020

Top Holdings116 positions

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Activity:
HYGHYG
PUT

ISHARES TR

4.4M$358.8M15.7%———
Increased
—
PPRPPRDelisted
Fund

VOYA PRIME RATE TR

36.3M$147.8M6.5%———
Increased
60
CHTRCHTR
PUT

CHARTER COMMUNICATIONS INC

213,500$108.9M4.8%———
Increased
—
XX
PUT
Delisted

UNITED STATES STL CORP NEW

12.3M$88.5M3.9%———
Increased
—
EHIEHI
Fund

WESTERN ASSET GLOBAL HIGH IN

9M$82.8M3.6%———
Increased
59
AALAAL
PUT

AMERICAN AIRLINES GROUP INC

5.9M$77M3.4%———
New
—
XEVVXXEVVX
Fund

EATON VANCE LIMITED DURATION

5.9M$65.9M2.9%———
Decreased
0
HIHIO
Fund

WESTERN ASSET HIGH INCOME OP

12.9M$59.7M2.6%———
Unchanged
0
PHDPHD
Fund

PIONEER FLOATING RATE FUND I

6.1M$58.2M2.5%———
Increased
81
XVTAXXVTAXDelisted
Fund

INVESCO DYNAMIC CR OPPORTUNI

6.2M$55.5M2.4%———
Increased
60
VVRVVR
Fund

INVESCO SR INCOME TR

15M$51.7M2.3%———
Increased
64
NHSNHS
Fund

NEUBERGER BERMAN HIGH YIELD

4.9M$50.5M2.2%———
Increased
57
HIHIX
Fund

WESTERN ASSET HIGH INCOME FD

7.5M$46.7M2.0%———
Increased
50
UALUAL
PUT

UNITED AIRLS HLDGS INC

1.3M$45.6M2.0%———
New
—
EFTEFT
Fund

EATON VANCE FLTING RATE INC

3.8M$43.5M1.9%———
Increased
74
GHYGHY
Fund

PGIM GLOBAL HIGH YIELD FD FO

3.3M$41.8M1.8%———
Increased
49
JFRJFR
Fund

NUVEEN FLOATING RATE INCOME

5.2M$41.4M1.8%———
Increased
72
YPFYPF
PUT

YPF SOCIEDAD ANONIMA

6.3M$36.2M1.6%———
Decreased
—
XFRAXXFRAX
Fund

BLACKROCK FLOATING RATE INCO

3.1M$34.8M1.5%———
Increased
53
EVFEVF
Fund

EATON VANCE SR INCOME TR

6M$32M1.4%———
Increased
73
$2.3B
AUM
116
Positions
Q2 2020
Filing
HI score · 2.0/5
Quarterly 13F Value Change
Not enough history yet
Activity profile
$ moved · Q2'20
New17%Increased53%Decreased16%Exited14%
Composition
Equity vs derivatives
Equity65%Puts35%Calls0%
Holding period
Avg 2.1 quarters
<1Q12%1-4Q88%1-2Y0%2Y+0%

Saba Capital Management, L.P. manages $2.3B across 116 positions as of Q2 2020. Top holdings: HYG puts (15.7%), PPR (6.5%), CHTR puts (4.8%). Fund DNA: Momentum Trader. HoldingsIntel Score: 2/5.0.

Q2 2020 Summary

Active quarter - 12 new positions, 40 exits, 33 increased. Top move: PHD (INCREASED, conviction 81). Portfolio: $2.3B across 116 positions.

Top holdings by portfolio weight

Total AUM$1B
PPR6.46%
EHI3.62%
XEVVX2.88%
HIO2.61%
PHD2.55%
XVTAX2.43%
VVR2.26%
NHS2.21%
HIX2.04%
EFT1.90%
Other1.83%

Portfolio allocation by GICS sector

Sectors8
Unknown98.56%
Energy0.43%
Healthcare0.35%
Technology0.19%
Basic Materials0.16%
Industrials0.15%
Consumer Cyclical0.14%
Consumer Defensive0.02%

Behavioral investing profile

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Momentum Trader- primarily Unknown
Compare DNA across all funds
7-dimension, SEC 13F-derived research score
Below Average(2.0 / 5.0)
Holdings P&L41
Conviction32
Concentration60
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Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Similar Funds

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Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

Verify source filings on SEC EDGAR

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