Saba Capital Management, L.P.
Q4 2020 13F-HR Holdings
Net value change ($000)
+34,545
(1.4%)
New positions
64
Sold out positions
36
Turnover %
20.1%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q3 2020
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| SABA | 48,636 | 75.8% |
| Invesco Dynamic Credit Opportunities Fund | 44,516 | 78.9% |
| EFT | 35,329 | 78.7% |
| CPZ | 19,470 | NEW |
| BGB | 14,472 | 90.4% |
| EFR | 14,435 | 51.6% |
| NRK | 13,125 | 74.8% |
| ALLIANZGI CONV INCOME FD II | 10,295 | NEW |
| Miller/Howard High Income Equity Fund | 9,431 | 97.5% |
| NUVEEN DIVERSIFIED DIVIDEND & INCOME FUND | 7,738 | 130.8% |
Top Reduces (Value $000, Stocks/ETFs)
| EHI | -86,337 | -100.0% |
| NHS | -54,062 | -100.0% |
| PHD | -54,018 | -87.3% |
| HIO | -52,162 | -82.4% |
| HIX | -45,976 | -100.0% |
| RGT | -16,979 | -95.8% |
| NUVEEN MICHIGAN QUALITY MUNICIPAL INCOME FUND | -10,647 | -78.8% |
| TLI | -8,751 | -100.0% |
| BLACKROCK NEW YORK MUNICIPAL BOND TRUST | -7,670 | -100.0% |
| ISD | -5,824 | -28.8% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
757,083
(31.0% of total reported value)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|