Saba Capital Management, L.P. Buys Voya Prime Rate Trust, Nuveen Floating Rate Income Fund, Blackstone / GSO Strategic Credit Fund, Sells Blackrock Credit Allocation Income Trust, Eaton Vance Floating-rate Income Trust, Community Health Systems Inc

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May 19, 2020
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New York, NY, based Investment company Saba Capital Management, L.P. (Current Portfolio) buys Voya Prime Rate Trust, Nuveen Floating Rate Income Fund, Blackstone / GSO Strategic Credit Fund, PGIM High Yield Fund Inc, PGIM Global High Yield Fund, Inc, sells Blackrock Credit Allocation Income Trust, Eaton Vance Floating-rate Income Trust, Community Health Systems Inc, BlackRock New York Municipal Income Quality Trust, GrubHub Inc during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Saba Capital Management, L.P.. As of 2020Q1, Saba Capital Management, L.P. owns 141 stocks with a total value of $1.9 billion. These are the details of the buys and sells.

For the details of Saba Capital Management, L.P.'s stock buys and sells, go to https://www.gurufocus.com/guru/saba+capital+management%2C+l.p./current-portfolio/portfolio

These are the top 5 holdings of Saba Capital Management, L.P.
  1. iShares iBoxx $ High Yield Corporate Bond (HYG) - 4,000,000 shares, 16.47% of the total portfolio.
  2. Voya Prime Rate Trust (PPR) - 35,789,338 shares, 7.09% of the total portfolio. Shares added by 38.11%
  3. Charter Communications Inc (CHTR) - 187,900 shares, 4.38% of the total portfolio.
  4. Eaton Vance Ltd Duration Income Fund (EVV) - 6,275,718 shares, 3.54% of the total portfolio. Shares reduced by 4.64%
  5. Western Asset Global High Inc Fd Inc (EHI) - 8,351,378 shares, 3.34% of the total portfolio. Shares added by 6.65%
New Purchase: Nuveen Floating Rate Income Fund (JFR)

Saba Capital Management, L.P. initiated holding in Nuveen Floating Rate Income Fund. The purchase prices were between $5.34 and $10.35, with an estimated average price of $9.31. The stock is now traded at around $7.48. The impact to a portfolio due to this purchase was 1.13%. The holding were 2,803,197 shares as of .

New Purchase: Blackstone / GSO Strategic Credit Fund (BGB)

Saba Capital Management, L.P. initiated holding in Blackstone / GSO Strategic Credit Fund. The purchase prices were between $8.22 and $14.92, with an estimated average price of $13.49. The stock is now traded at around $10.68. The impact to a portfolio due to this purchase was 0.87%. The holding were 1,572,029 shares as of .

New Purchase: Wells Fargo Income Opportunities Fund (EAD)

Saba Capital Management, L.P. initiated holding in Wells Fargo Income Opportunities Fund. The purchase prices were between $4.98 and $8.65, with an estimated average price of $7.82. The stock is now traded at around $6.73. The impact to a portfolio due to this purchase was 0.83%. The holding were 2,422,908 shares as of .

New Purchase: Western Asset Emg Markets Debt Fund Inc (EMD)

Saba Capital Management, L.P. initiated holding in Western Asset Emg Markets Debt Fund Inc. The purchase prices were between $8.05 and $15.03, with an estimated average price of $13.62. The stock is now traded at around $11.43. The impact to a portfolio due to this purchase was 0.62%. The holding were 1,094,757 shares as of .

New Purchase: Blackrock Ltd Duration Income Trust (BLW)

Saba Capital Management, L.P. initiated holding in Blackrock Ltd Duration Income Trust. The purchase prices were between $9.56 and $16.67, with an estimated average price of $15.15. The stock is now traded at around $13.12. The impact to a portfolio due to this purchase was 0.6%. The holding were 883,469 shares as of .

New Purchase: BlackRock Multi-Sector Income Trust (BIT)

Saba Capital Management, L.P. initiated holding in BlackRock Multi-Sector Income Trust. The purchase prices were between $9.41 and $16.83, with an estimated average price of $15.17. The stock is now traded at around $13.18. The impact to a portfolio due to this purchase was 0.53%. The holding were 823,043 shares as of .

Added: Voya Prime Rate Trust (PPR)

Saba Capital Management, L.P. added to a holding in Voya Prime Rate Trust by 38.11%. The purchase prices were between $3.11 and $5.18, with an estimated average price of $4.76. The stock is now traded at around $3.91. The impact to a portfolio due to this purchase was 1.96%. The holding were 35,789,338 shares as of .

Added: PGIM High Yield Fund Inc (ISD)

Saba Capital Management, L.P. added to a holding in PGIM High Yield Fund Inc by 201.24%. The purchase prices were between $9.58 and $15.8, with an estimated average price of $14.36. The stock is now traded at around $12.38. The impact to a portfolio due to this purchase was 0.86%. The holding were 2,063,512 shares as of .

Added: PGIM Global High Yield Fund, Inc (GHY)

Saba Capital Management, L.P. added to a holding in PGIM Global High Yield Fund, Inc by 82.75%. The purchase prices were between $8.93 and $15.36, with an estimated average price of $14.03. The stock is now traded at around $11.71. The impact to a portfolio due to this purchase was 0.83%. The holding were 3,095,445 shares as of .

Added: Eaton Vance Senior Floating Rate Trust (EFR)

Saba Capital Management, L.P. added to a holding in Eaton Vance Senior Floating Rate Trust by 1078.24%. The purchase prices were between $7.91 and $13.86, with an estimated average price of $12.54. The stock is now traded at around $10.63. The impact to a portfolio due to this purchase was 0.74%. The holding were 1,541,223 shares as of .

Added: Nuveen Floating Rate Income Opp Fd (JRO)

Saba Capital Management, L.P. added to a holding in Nuveen Floating Rate Income Opp Fd by 1158.06%. The purchase prices were between $5.64 and $10.15, with an estimated average price of $9.16. The stock is now traded at around $7.51. The impact to a portfolio due to this purchase was 0.62%. The holding were 1,680,440 shares as of .

Added: First Trust High Income Long/Short Fund (FSD)

Saba Capital Management, L.P. added to a holding in First Trust High Income Long/Short Fund by 54.45%. The purchase prices were between $9.68 and $15.97, with an estimated average price of $14.63. The stock is now traded at around $12.96. The impact to a portfolio due to this purchase was 0.61%. The holding were 2,665,400 shares as of .

Sold Out: Blackrock Credit Allocation Income Trust (BTZ)

Saba Capital Management, L.P. sold out a holding in Blackrock Credit Allocation Income Trust. The sale prices were between $9.5 and $14.88, with an estimated average price of $13.55.

Sold Out: GrubHub Inc (GRUB)

Saba Capital Management, L.P. sold out a holding in GrubHub Inc. The sale prices were between $30.13 and $58.57, with an estimated average price of $49.27.

Sold Out: CoreCivic Inc (CXW)

Saba Capital Management, L.P. sold out a holding in CoreCivic Inc. The sale prices were between $8.73 and $17.4, with an estimated average price of $15.06.

Sold Out: The GEO Group Inc (GEO)

Saba Capital Management, L.P. sold out a holding in The GEO Group Inc. The sale prices were between $10.06 and $17.76, with an estimated average price of $15.34.

Sold Out: Eagle Growth and Income Opportunities Fund (EGIF)

Saba Capital Management, L.P. sold out a holding in Eagle Growth and Income Opportunities Fund. The sale prices were between $8.57 and $17.82, with an estimated average price of $15.23.

Reduced: Eaton Vance Floating-rate Income Trust (EFT)

Saba Capital Management, L.P. reduced to a holding in Eaton Vance Floating-rate Income Trust by 22.98%. The sale prices were between $7.58 and $14.12, with an estimated average price of $12.83. The stock is now traded at around $10.94. The impact to a portfolio due to this sale was -0.34%. Saba Capital Management, L.P. still held 1,746,602 shares as of .

Reduced: Community Health Systems Inc (CYH)

Saba Capital Management, L.P. reduced to a holding in Community Health Systems Inc by 57.23%. The sale prices were between $2.41 and $7.18, with an estimated average price of $4.03. The stock is now traded at around $3.13. The impact to a portfolio due to this sale was -0.31%. Saba Capital Management, L.P. still held 1,710,545 shares as of .

Reduced: BlackRock New York Municipal Income Quality Trust (BSE)

Saba Capital Management, L.P. reduced to a holding in BlackRock New York Municipal Income Quality Trust by 59.76%. The sale prices were between $10.56 and $14.16, with an estimated average price of $13.44. The stock is now traded at around $12.45. The impact to a portfolio due to this sale was -0.15%. Saba Capital Management, L.P. still held 154,503 shares as of .

Reduced: Delaware Investments MN Muni Inc Fund II, Inc (VMM)

Saba Capital Management, L.P. reduced to a holding in Delaware Investments MN Muni Inc Fund II, Inc by 23.34%. The sale prices were between $11.02 and $14.1, with an estimated average price of $13.24. The stock is now traded at around $12.18. The impact to a portfolio due to this sale was -0.05%. Saba Capital Management, L.P. still held 256,946 shares as of .

Reduced: Nuveen Arizona Quality Municipal Income Fund (NAZ)

Saba Capital Management, L.P. reduced to a holding in Nuveen Arizona Quality Municipal Income Fund by 82.65%. The sale prices were between $10.65 and $14.25, with an estimated average price of $13.49. The stock is now traded at around $12.52. The impact to a portfolio due to this sale was -0.03%. Saba Capital Management, L.P. still held 11,560 shares as of .



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