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Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
-3.87%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$999M
AUM Growth
+$41.8M
Cap. Flow
+$115M
Cap. Flow %
11.48%
Top 10 Hldgs %
43.46%
Holding
163
New
31
Increased
35
Reduced
47
Closed
40

Top Buys

Rank Stock Value
1
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$14.9M
2
DSU icon
BlackRock Debt Strategies Fund
DSU
+$11.7M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$10.7M
4
DHG
Deutsche High Incm Opportunities
DHG
+$6.44M
5
AWF
AllianceBernstein Global High Income Fund
AWF
+$5.13M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$25.3M
2
BND icon
Vanguard Total Bond Market
BND
+$21.2M
3
PPT
Franklin Premier Income Trust
PPT
+$13.1M
4
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$11.8M
5
TLM
TALISMAN ENERGY INC
TLM
+$11.3M

Sector Composition

Rank Sector Weight
1 Energy 1.13%
2 Real Estate 0.97%
3 Industrials 0.88%
4 Financials 0.49%
5 Consumer Discretionary 0.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BTZ icon
26
BlackRock Credit Allocation Income Trust
BTZ
$927M
$12.2M 1.22%
962,466
-890,253
-48% -$11.8M
KMM
27
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$11.7M 1.17%
1,447,792
+548,784
+61% +$4.62M
HYF
28
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
$11M 1.1%
6,132,069
+550,912
+10% +$1.04M
FAX
29
abrdn Asia-Pacific Income Fund
FAX
$590M
$10.4M 1.04%
348,421
-106,050
-23% -$3.39M
PPT
30
Franklin Premier Income Trust
PPT
$323M
$10.2M 1.02%
2,006,433
-2,509,197
-56% -$13.1M
EMD
31
Western Asset Emerging Markets Debt Fund
EMD
$609M
$9.99M 1%
668,066
+11,924
+2% +$189K
PBR icon
32
PUT
Petrobras
PBR
$121B
$9.92M 0.99%
+1,096,500
New +$9.81M
BND icon
33
Vanguard Total Bond Market
BND
$157B
$8.63M 0.86%
106,226
-257,546
-71% -$21.2M
LINE
34
PUT
DELISTED
LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS
LINE
$8.58M 0.86%
+962,800
New +$11.3M
BGX
35
Blackstone Long-Short Credit Income Fund
BGX
$135M
$8.45M 0.85%
545,522
+38,400
+8% +$618K
MBI icon
36
PUT
MBIA
MBI
$288M
$8.01M 0.8%
1,332,500
+605,200
+83% +$5.47M
GDO
37
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77M
$7.86M 0.79%
458,294
-245,414
-35% -$4.36M
MCR
38
DELISTED
MFS Charter Income Trust
MCR
$7.14M 0.71%
843,374
-304,627
-27% -$2.7M
CNX icon
39
CNX Resources
CNX
$4.85B
$6.98M 0.7%
385,385
+199,025
+107% +$4.76M
BOI
40
DELISTED
Brookfield Mtge Opportunity Fd
BOI
$6.48M 0.65%
409,821
+51,165
+14% +$827K
MMT
41
Aberdeen Multi-Market Income Fund
MMT
$237M
$6.1M 0.61%
1,005,275
-363,500
-27% -$2.31M
GDF
42
DELISTED
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
$5.97M 0.6%
650,794
+168,548
+35% +$1.61M
SHLD
43
PUT
DELISTED
Sears Holding Corporation
SHLD
$5.54M 0.55%
207,500
-11,300
-5% -$436K
FSD
44
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$5.44M 0.54%
347,978
– –
VRE
45
DELISTED
Veris Residential
VRE
$5.39M 0.54%
292,320
– –
BWG
46
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$5M 0.5%
351,372
-101,161
-22% -$1.58M
AWF
47
AllianceBernstein Global High Income Fund
AWF
$867M
$4.99M 0.5%
+415,043
New +$5.13M
CIK
48
Credit Suisse Asset Management Income Fund
CIK
$133M
$4.75M 0.48%
1,484,978
+893,474
+151% +$2.88M
VLT icon
49
Invesco High Income Trust II
VLT
$66.2M
$4.69M 0.47%
327,161
+218,058
+200% +$3.25M
DOC icon
50
Healthpeak Properties
DOC
$15.4B
$4.32M 0.43%
130,170
-2,899
-2% -$106K
1
2
3 4 5

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WB
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GCM
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VI
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SL
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JFG
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SPC
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Saba Capital Management's Q2 2015 Portfolio in Review

As of Q2 2015, Saba Capital Management held 163 positions worth $999M, up 4.4% from $958M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Saba Capital Management deployed $115M of net new capital in Q2 2015, opening 31 new positions and adding to 35 existing holdings. Its largest new stake was AllianceBernstein Global High Income Fund: 415,043 shares worth $4.99M.

By sector, the portfolio is most concentrated in Energy at 1.1% of assets, down from 1.6% a quarter earlier, followed by Real Estate and Industrials.

On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $25.3M trimmed.

  • Saba Capital Management's largest Q2 2015 buy was AllianceBernstein Global High Income Fund: 415,043 shares worth $4.99M.
  • Saba Capital Management added most to Blackstone Strategic Credit 2027 Term Fund in Q2 2015, an estimated $14.9M increase.
  • Saba Capital Management's biggest Q2 2015 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $25.3M.
  • Saba Capital Management fully exited TALISMAN ENERGY INC in Q2 2015, selling an estimated $11.3M.
  • Saba Capital Management's ten largest holdings make up 43% of its $999M portfolio in Q2 2015.
  • Saba Capital Management opened 31 new positions and closed 40 in Q2 2015.
  • Saba Capital Management's portfolio value rose 4.4% quarter-over-quarter to $999M.

Based on Saba Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.