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SCM

Saba Capital Management Portfolio holdings

AUM $3.9B
1-Year Est. Return 12.9%
This Fund
S&P 500
This Quarter Est. Return
+2.25%
1 Year Est. Return
+12.9%
3 Year Est. Return
+34.99%
5 Year Est. Return
+42.32%
10 Year Est. Return
+54.91%
AUM
$1.03B
AUM Growth
-$22.7M
Cap. Flow
+$105M
Cap. Flow %
10.26%
Top 10 Hldgs %
42.37%
Holding
133
New
34
Increased
38
Reduced
24
Closed
27

Top Buys

Rank Stock Value
1
DSU icon
BlackRock Debt Strategies Fund
DSU
+$21.7M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$21.6M
3
AGC
Advent Claymore Conv Sec & Incme
AGC
+$17.7M
4
FTF
Franklin Limited Duration Income Trust
FTF
+$16.8M
5
ERC
Allspring Multi-Sector Income Fund
ERC
+$15.4M

Top Sells

Rank Stock Value
1
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$48.5M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$14M
3
HYI
Western Asset High Yield Opportunity Fund Inc
HYI
+$9.05M
4
MHY
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
+$8.5M
5
AWF
AllianceBernstein Global High Income Fund
AWF
+$5.2M

Sector Composition

Rank Sector Weight
1 Miscellaneous 94.4%
2 Financials 3.95%
3 Healthcare 0.6%
4 Consumer Discretionary 0.37%
5 Real Estate 0.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CIK
26
UBS Asset Management Income Fund, Inc.
CIK
$133M
$16M 1.56%
5,561,125
+2,114,329
+61% +$5.75M
AVK
27
Advent Convertible and Income Fund
AVK
$545M
$15M 1.46%
+1,163,400
New +$14.2M
EVG
28
Eaton Vance Short Duration Diversified Income Fund
EVG
$142M
$14.5M 1.41%
1,084,102
+90,936
+9% +$1.19M
RDN icon
29
PUT
Radian Group
RDN
$4.81B
$13.8M 1.34%
+1,111,800
New +$12.6M
APC
30
PUT
DELISTED
Anadarko Petroleum
APC
$13.5M 1.31%
289,300
-405,900
-58% -$16.5M
FAX
31
abrdn Asia-Pacific Income Fund
FAX
$599M
$13.3M 1.3%
444,166
+149,316
+51% +$4.14M
CHK
32
PUT
DELISTED
Chesapeake Energy Corporation
CHK
$12.4M 1.21%
15,102
+8,002
+113% +$5.67M
HYF
33
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
$11.1M 1.08%
6,229,242
+97,173
+2% +$168K
NHS
34
Neuberger High Yield Strategies Fund Inc
NHS
$247M
$9.77M 0.95%
921,243
-133,387
-13% -$1.33M
GHI
35
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
$9.76M 0.95%
1,123,257
– –
NFJ
36
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
$9.37M 0.91%
+763,837
New +$8.87M
VLT icon
37
Invesco High Income Trust II
VLT
$63.8M
$9.35M 0.91%
706,177
+346,177
+96% +$4.39M
MHY
38
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
$8.65M 0.84%
1,951,845
-1,961,395
-50% -$8.5M
EMD
39
Western Asset Emerging Markets Debt Fund
EMD
$606M
$8.47M 0.83%
583,408
+277,231
+91% +$3.77M
LCM
40
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
$8.41M 0.82%
1,024,549
+543,106
+113% +$4.27M
HYI
41
Western Asset High Yield Opportunity Fund Inc
HYI
$131M
$7.17M 0.7%
513,971
-669,410
-57% -$9.05M
FCX icon
42
PUT
Freeport-McMoran
FCX
$109B
$6.43M 0.63%
621,700
-2,700,600
-81% -$19M
SDRL
43
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
$6.26M 0.61%
+7,085
New +$5.11M
EAD
44
Allspring Income Opportunities Fund
EAD
$376M
$6.22M 0.61%
821,230
-669,639
-45% -$4.8M
GDF
45
DELISTED
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
$5.77M 0.56%
719,560
+68,766
+11% +$521K
BWG
46
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$127M
$5.64M 0.55%
456,460
+167,056
+58% +$1.89M
BOI
47
DELISTED
Brookfield Mtge Opportunity Fd
BOI
$4.88M 0.48%
333,297
-340,399
-51% -$4.96M
EVV
48
Eaton Vance Limited Duration Income Fund
EVV
$1.05B
$4.83M 0.47%
+366,801
New +$4.57M
DVN icon
49
PUT
Devon Energy
DVN
$53.9B
$4.8M 0.47%
174,900
-678,700
-80% -$16.5M
CIF
50
DELISTED
MFS Intermediate High Income Fund
CIF
$4.76M 0.46%
2,035,207
+684,375
+51% +$1.52M
1
2
3 4 5

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Saba Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Saba Capital Management held 133 positions worth $1.03B, down 2.2% from $1.05B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Saba Capital Management deployed $105M of net new capital in Q1 2016, opening 34 new positions and adding to 38 existing holdings. Its largest new stake was Advent Claymore Conv Sec & Incme: 3,491,175 shares worth $19M.

By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, up from 93% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Western Asset High Income Opportunity Fund, an estimated $14M trimmed.

  • Saba Capital Management's largest Q1 2016 buy was Advent Claymore Conv Sec & Incme: 3,491,175 shares worth $19M.
  • Saba Capital Management added most to BlackRock Debt Strategies Fund in Q1 2016, an estimated $21.7M increase.
  • Saba Capital Management's biggest Q1 2016 reduction was Western Asset High Income Opportunity Fund, cutting an estimated $14M.
  • Saba Capital Management fully exited BlackRock Corporate High Yield Fund in Q1 2016, selling an estimated $48.5M.
  • Saba Capital Management's ten largest holdings make up 42% of its $1.03B portfolio in Q1 2016.
  • Saba Capital Management opened 34 new positions and closed 27 in Q1 2016.
  • Saba Capital Management's portfolio value fell 2.2% quarter-over-quarter to $1.03B.

Based on Saba Capital Management's 13F filing for Q1 2016, filed 16 May 2016.