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SCM

Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
+2.53%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.12B
AUM Growth
+$92.1M
Cap. Flow
+$48.7M
Cap. Flow %
4.36%
Top 10 Hldgs %
44.27%
Holding
115
New
9
Increased
29
Reduced
36
Closed
18

Top Buys

Rank Stock Value
1
AVK
Advent Convertible and Income Fund
AVK
+$15.2M
2
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$9.57M
3
MCR
MFS Charter Income Trust
MCR
+$9.02M
4
BHC icon
Bausch Health
BHC
+$8.59M
5
CYH icon
Community Health Systems
CYH
+$7.48M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$20.3M
2
HYF
MANAGED HIGH YLD PLUS FD INC
HYF
+$11.1M
3
GHI
GLOBAL HIGH INCOME FUND INC.
GHI
+$9.76M
4
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$9.35M
5
HYI
Western Asset High Yield Opportunity Fund Inc
HYI
+$7.03M

Sector Composition

Rank Sector Weight
1 Healthcare 1.53%
2 Financials 0.79%
3 Consumer Discretionary 0.5%
4 Energy 0.46%
5 Technology 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BGX
26
Blackstone Long-Short Credit Income Fund
BGX
$135M
$16.2M 1.45%
1,123,477
-65,594
-6% -$930K
APC
27
PUT
DELISTED
Anadarko Petroleum
APC
$15.7M 1.4%
294,300
+5,000
+2% +$253K
MBI icon
28
PUT
MBIA
MBI
$288M
$15.4M 1.37%
2,251,100
+99,000
+5% +$736K
EVG
29
Eaton Vance Short Duration Diversified Income Fund
EVG
$142M
$14.6M 1.3%
1,077,906
-6,196
-0.6% -$83.5K
RSX
30
DELISTED
VanEck Russia ETF
RSX
$14.4M 1.29%
826,120
-204,300
-20% -$3.49M
SDRL
31
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
$14.1M 1.26%
16,243
+9,158
+129% +$8.71M
BIT icon
32
BlackRock Multi-Sector Income Trust
BIT
$696M
$12.3M 1.1%
742,935
-574,519
-44% -$9.35M
FAX
33
abrdn Asia-Pacific Income Fund
FAX
$590M
$10.5M 0.94%
348,213
-95,953
-22% -$2.86M
NHS
34
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$10M 0.89%
912,895
-8,348
-0.9% -$89.8K
NFJ
35
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$9.75M 0.87%
790,405
+26,568
+3% +$328K
EMD
36
Western Asset Emerging Markets Debt Fund
EMD
$609M
$9.2M 0.82%
597,836
+14,428
+2% +$214K
BHC icon
37
Bausch Health
BHC
$1.65B
$8.59M 0.77%
426,381
+303,550
+247% +$8.59M
CYH icon
38
Community Health Systems
CYH
$385M
$8.49M 0.76%
704,538
+510,832
+264% +$7.48M
LCM
39
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
$8.42M 0.75%
1,028,630
+4,081
+0.4% +$33.7K
VLT icon
40
Invesco High Income Trust II
VLT
$66.2M
$7.44M 0.66%
540,418
-165,759
-23% -$2.27M
BWG
41
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$7.38M 0.66%
569,172
+112,712
+25% +$1.41M
MHY
42
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
$6.29M 0.56%
1,333,140
-618,705
-32% -$2.83M
GDF
43
DELISTED
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
$6.17M 0.55%
719,560
– –
CRC
44
DELISTED
California Resources Corporation
CRC
$5.1M 0.46%
+417,845
New +$6.65M
KST
45
DELISTED
Deutsche Strategic Income Trust
KST
$4.77M 0.43%
416,155
– –
CIF
46
DELISTED
MFS Intermediate High Income Fund
CIF
$4.57M 0.41%
1,850,260
-184,947
-9% -$452K
NE
47
PUT
DELISTED
Noble Corporation
NE
$4.49M 0.4%
544,400
-1,314,000
-71% -$12.5M
BCV
48
Bancroft Fund
BCV
$136M
$4.46M 0.4%
238,599
+5,905
+3% +$108K
MTG icon
49
MGIC Investment
MTG
$6.27B
$4.16M 0.37%
+699,066
New +$4.76M
GAP
50
The Gap Inc
GAP
$6.84B
$4.02M 0.36%
+189,600
New +$4.04M
1
2
3 4 5

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ACM
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WB
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GCM
Ghisallo Capital Management Boston, Massachusetts $3.63B AUM 30.51% 1-Year Est. Return
VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
SL
Siren LLC Greenwich, Connecticut $3.61B AUM 203.3% 1-Year Est. Return
JFG
JMG Financial Group Downers Grove, Illinois $3.63B AUM 17.91% 1-Year Est. Return
U
Uber San Francisco, California $3.6B AUM 19.81% 1-Year Est. Return
SPC
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Saba Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Saba Capital Management held 115 positions worth $1.12B, up 9% from $1.03B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Saba Capital Management deployed $48.7M of net new capital in Q2 2016, opening 9 new positions and adding to 29 existing holdings. Its largest new stake was California Resources Corporation: 417,845 shares worth $5.1M.

By sector, the portfolio is most concentrated in Healthcare at 1.5% of assets, up from 0.6% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $20.3M trimmed.

  • Saba Capital Management's largest Q2 2016 buy was California Resources Corporation: 417,845 shares worth $5.1M.
  • Saba Capital Management added most to Advent Convertible and Income Fund in Q2 2016, an estimated $15.2M increase.
  • Saba Capital Management's biggest Q2 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $20.3M.
  • Saba Capital Management fully exited MANAGED HIGH YLD PLUS FD INC in Q2 2016, selling an estimated $11.1M.
  • Saba Capital Management's ten largest holdings make up 44% of its $1.12B portfolio in Q2 2016.
  • Saba Capital Management opened 9 new positions and closed 18 in Q2 2016.
  • Saba Capital Management's portfolio value rose 9% quarter-over-quarter to $1.12B.

Based on Saba Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.