Saba Capital Management, L.P. Buys Pioneer Floating Rate Trust, Eaton Vance Floating-rate Income Trust, Templeton Global Income Fund, Sells BlackRock Multi-Sector Income Trust, First Trust High Income Long/Short Fund, Nuveen New York AMT-Free Quality Muni

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Aug 25, 2020
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New York, NY, based Investment company Saba Capital Management, L.P. (Current Portfolio) buys Pioneer Floating Rate Trust, Eaton Vance Floating-rate Income Trust, Templeton Global Income Fund, Nuveen Floating Rate Income Fund, Eaton Vance Senior Income Trust, sells BlackRock Multi-Sector Income Trust, First Trust High Income Long/Short Fund, Nuveen New York AMT-Free Quality Municipal Income , Wells Fargo Income Opportunities Fund, Blackrock Duration Income Trust during the 3-months ended 2020Q2, according to the most recent filings of the investment company, Saba Capital Management, L.P.. As of 2020Q2, Saba Capital Management, L.P. owns 111 stocks with a total value of $2.3 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 TRUST (HYG) - 4,396,500 shares, 15.83% of the total portfolio.
  2. Voya Prime Rate Trust (PPR) - 36,320,674 shares, 6.52% of the total portfolio. Shares added by 1.48%
  3. Charter Communications Inc (CHTR) - 213,500 shares, 4.80% of the total portfolio.
  4. United States Steel Corp (X) - 12,253,300 shares, 3.90% of the total portfolio.
  5. Western Asset Global High Inc Fd Inc (EHI) - 8,956,102 shares, 3.66% of the total portfolio. Shares added by 7.24%
New Purchase: Western Asset Inflation Linked Income Fund (WIA)

Saba Capital Management, L.P. initiated holding in Western Asset Inflation Linked Income Fund. The purchase prices were between $10.35 and $11.95, with an estimated average price of $11.24. The stock is now traded at around $13.01. The impact to a portfolio due to this purchase was 0.3%. The holding were 584,024 shares as of .

New Purchase: Royce Value Trust Inc (RVT)

Saba Capital Management, L.P. initiated holding in Royce Value Trust Inc. The purchase prices were between $9.03 and $13.47, with an estimated average price of $11.43. The stock is now traded at around $13.46. The impact to a portfolio due to this purchase was 0.25%. The holding were 444,979 shares as of .

New Purchase: United States Steel Corp (X)

Saba Capital Management, L.P. initiated holding in United States Steel Corp. The purchase prices were between $5.96 and $10.92, with an estimated average price of $7.76. The stock is now traded at around $7.74. The impact to a portfolio due to this purchase was 0.09%. The holding were 294,182 shares as of .

New Purchase: Amkor Technology Inc (AMKR)

Saba Capital Management, L.P. initiated holding in Amkor Technology Inc. The purchase prices were between $7.37 and $12.72, with an estimated average price of $10.26. The stock is now traded at around $12.85. The impact to a portfolio due to this purchase was 0.06%. The holding were 105,000 shares as of .

New Purchase: Foley Trasimene Acquisition Corp (WPF.U)

Saba Capital Management, L.P. initiated holding in Foley Trasimene Acquisition Corp. The purchase prices were between $10.2 and $10.67, with an estimated average price of $10.48. The stock is now traded at around $10.50. The impact to a portfolio due to this purchase was 0.05%. The holding were 100,000 shares as of .

New Purchase: United Airlines Holdings Inc (UAL)

Saba Capital Management, L.P. initiated holding in United Airlines Holdings Inc. The purchase prices were between $19.92 and $48.69, with an estimated average price of $29.96. The stock is now traded at around $34.99. The impact to a portfolio due to this purchase was 0.05%. The holding were 35,000 shares as of .

Added: Pioneer Floating Rate Trust (PHD)

Saba Capital Management, L.P. added to a holding in Pioneer Floating Rate Trust by 107.26%. The purchase prices were between $7.52 and $9.74, with an estimated average price of $8.77. The stock is now traded at around $9.72. The impact to a portfolio due to this purchase was 1.33%. The holding were 6,124,520 shares as of .

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

Saba Capital Management, L.P. added to a holding in Eaton Vance Floating-rate Income Trust by 118.70%. The purchase prices were between $9.74 and $11.72, with an estimated average price of $10.98. The stock is now traded at around $11.98. The impact to a portfolio due to this purchase was 1.04%. The holding were 3,819,821 shares as of .

Added: Templeton Global Income Fund (GIM)

Saba Capital Management, L.P. added to a holding in Templeton Global Income Fund by 309.90%. The purchase prices were between $5.18 and $5.5, with an estimated average price of $5.34. The stock is now traded at around $5.40. The impact to a portfolio due to this purchase was 0.89%. The holding were 4,965,654 shares as of .

Added: Nuveen Floating Rate Income Fund (JFR)

Saba Capital Management, L.P. added to a holding in Nuveen Floating Rate Income Fund by 86.84%. The purchase prices were between $7.17 and $8.15, with an estimated average price of $7.71. The stock is now traded at around $8.21. The impact to a portfolio due to this purchase was 0.85%. The holding were 5,237,500 shares as of .

Added: Eaton Vance Senior Income Trust (EVF)

Saba Capital Management, L.P. added to a holding in Eaton Vance Senior Income Trust by 124.69%. The purchase prices were between $4.48 and $5.57, with an estimated average price of $5.12. The stock is now traded at around $5.86. The impact to a portfolio due to this purchase was 0.78%. The holding were 6,009,697 shares as of .

Added: Invesco Senior Income Trust (VVR)

Saba Capital Management, L.P. added to a holding in Invesco Senior Income Trust by 31.44%. The purchase prices were between $3.18 and $3.62, with an estimated average price of $3.4. The stock is now traded at around $3.64. The impact to a portfolio due to this purchase was 0.55%. The holding were 14,950,575 shares as of .

Sold Out: BlackRock Multi-Sector Income Trust (BIT)

Saba Capital Management, L.P. sold out a holding in BlackRock Multi-Sector Income Trust. The sale prices were between $11.25 and $15.02, with an estimated average price of $13.59.

Sold Out: KKR Income Opportunities Fund (KIO)

Saba Capital Management, L.P. sold out a holding in KKR Income Opportunities Fund. The sale prices were between $9.59 and $13.15, with an estimated average price of $11.38.

Sold Out: BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND (MNE)

Saba Capital Management, L.P. sold out a holding in BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND. The sale prices were between $13.59 and $14.71, with an estimated average price of $14.45.

Sold Out: Brookfield Real Assets Income Fund Inc. (RA)

Saba Capital Management, L.P. sold out a holding in Brookfield Real Assets Income Fund Inc.. The sale prices were between $13.35 and $17.57, with an estimated average price of $16.04.

Sold Out: Charter Communications Inc (CHTR)

Saba Capital Management, L.P. sold out a holding in Charter Communications Inc. The sale prices were between $424.03 and $547.3, with an estimated average price of $505.65.

Sold Out: Pioneer High Income Trust (PHT)

Saba Capital Management, L.P. sold out a holding in Pioneer High Income Trust. The sale prices were between $5.94 and $7.77, with an estimated average price of $7.03.

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

Saba Capital Management, L.P. reduced to a holding in First Trust High Income Long/Short Fund by 29.65%. The sale prices were between $11.48 and $14.16, with an estimated average price of $13.06. The stock is now traded at around $13.99. The impact to a portfolio due to this sale was -0.51%. Saba Capital Management, L.P. still held 1,875,069 shares as of .

Reduced: Nuveen New York AMT-Free Quality Municipal Income (NRK)

Saba Capital Management, L.P. reduced to a holding in Nuveen New York AMT-Free Quality Municipal Income by 42.78%. The sale prices were between $11.71 and $12.94, with an estimated average price of $12.45. The stock is now traded at around $13.07. The impact to a portfolio due to this sale was -0.5%. Saba Capital Management, L.P. still held 1,010,529 shares as of .

Reduced: Wells Fargo Income Opportunities Fund (EAD)

Saba Capital Management, L.P. reduced to a holding in Wells Fargo Income Opportunities Fund by 58.74%. The sale prices were between $5.88 and $7.48, with an estimated average price of $6.86. The stock is now traded at around $7.55. The impact to a portfolio due to this sale was -0.49%. Saba Capital Management, L.P. still held 999,659 shares as of .

Reduced: Blackrock Ltd Duration Income Trust (BLW)

Saba Capital Management, L.P. reduced to a holding in Blackrock Ltd Duration Income Trust by 79.38%. The sale prices were between $11.89 and $14.61, with an estimated average price of $13.46. The stock is now traded at around $15.08. The impact to a portfolio due to this sale was -0.48%. Saba Capital Management, L.P. still held 182,131 shares as of .

Reduced: BlackRock MuniHoldings California Quality Fund Inc (MUC)

Saba Capital Management, L.P. reduced to a holding in BlackRock MuniHoldings California Quality Fund Inc by 60.01%. The sale prices were between $12.55 and $14.15, with an estimated average price of $13.38. The stock is now traded at around $14.53. The impact to a portfolio due to this sale was -0.4%. Saba Capital Management, L.P. still held 371,829 shares as of .

Reduced: BLACKROCK MUNIYIELD QUALITY FUND III, INC. (MYI)

Saba Capital Management, L.P. reduced to a holding in BLACKROCK MUNIYIELD QUALITY FUND III, INC. by 98.07%. The sale prices were between $11.86 and $13.02, with an estimated average price of $12.54. The stock is now traded at around $13.40. The impact to a portfolio due to this sale was -0.39%. Saba Capital Management, L.P. still held 11,186 shares as of .



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