Saba Capital Management, L.P. purchased ~$1.7M in ClearBridge MLP and Midstream Total Return Fund Inc. stock
ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
+11.4%vs SPY +11.1%
Trade Details · Public SEC Filing
Insider
Saba Capital Management, L.P.
Role
—
Transaction
Open-Market Purchase
Approx. Value
~$1.7M
Trade Date
Dec 1, 2023
Company
ClearBridge MLP and Midstream Total Return Fund Inc.
Ticker
CTRSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$1.7M purchase
Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.
+11.4% in 90 days (S&P 500: +11.1%)
This trade beat the S&P 500 by 0.3 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.
How good is Saba Capital Management, L.P. at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
On December 1, 2023, Saba Capital Management, L.P. — a corporate insider at ClearBridge MLP and Midstream Total Return Fund Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$1.7M in ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) stock.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
In the 90 days following this trade, CTR returned +11.4% versus +11.1% for the S&P 500 over the same period.
VeritySignals Conviction Analysis
Full Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More CTR Insider Activity
Saba Capital Management, L.P.
Nov 10, 2023
~$942K
STRONG
Saba Capital Management, L.P.
Oct 4, 2023
~$601K
STRONG
Saba Capital Management, L.P.
Sep 8, 2023
~$1.7M
STRONG
Saba Capital Management, L.P.
Jul 17, 2023
~$2.8M
STRONG
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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