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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
+4.65%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.02B
AUM Growth
-$94.5M
Cap. Flow
-$141M
Cap. Flow %
-13.81%
Top 10 Hldgs %
48.19%
Holding
110
New
13
Increased
21
Reduced
41
Closed
15

Top Buys

Rank Stock Value
1
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$18.4M
2
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
+$10.8M
3
GAM
General American Investors Company
GAM
+$7.45M
4
CYH icon
Community Health Systems
CYH
+$7.16M
5
USA icon
Liberty All-Star Equity Fund
USA
+$6.47M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$36M
2
RSX
VanEck Russia ETF
RSX
+$14.4M
3
KHI
Deutsche High Income Trust
KHI
+$6.36M
4
MHY
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
+$6.29M
5
GDF
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
+$6.17M

Sector Composition

Rank Sector Weight
1 Healthcare 2.68%
2 Financials 0.78%
3 Energy 0.56%
4 Technology 0.34%
5 Consumer Discretionary 0.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CYH icon
26
Community Health Systems
CYH
$382M
$15.3M 1.49%
1,325,175
+620,637
+88% +$7.16M
EDD
27
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$376M
$14.9M 1.45%
1,853,858
-568,895
-23% -$4.57M
KHI
28
DELISTED
Deutsche High Income Trust
KHI
$14.1M 1.38%
1,533,817
-698,771
-31% -$6.36M
SDRL
29
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
$13.1M 1.28%
20,590
+4,347
+27% +$3.12M
EVG
30
Eaton Vance Short Duration Diversified Income Fund
EVG
$141M
$12.5M 1.22%
913,452
-164,454
-15% -$2.24M
BHC icon
31
Bausch Health
BHC
$2.38B
$11M 1.07%
447,351
+20,970
+5% +$543K
HES
32
PUT
DELISTED
Hess
HES
$10.3M 1.01%
192,300
-374,300
-66% -$20.1M
NHS
33
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$9.71M 0.95%
818,403
-94,492
-10% -$1.09M
VLT icon
34
Invesco High Income Trust II
VLT
$65.7M
$9.21M 0.9%
630,225
+89,807
+17% +$1.28M
FAX
35
abrdn Asia-Pacific Income Fund
FAX
$600M
$8.98M 0.88%
292,491
-55,722
-16% -$1.73M
LCM
36
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
$8.6M 0.84%
1,028,630
– –
EMD
37
Western Asset Emerging Markets Debt Fund
EMD
$613M
$8.06M 0.79%
495,790
-102,046
-17% -$1.65M
GAM
38
General American Investors Company
GAM
$1.55B
$7.49M 0.73%
+229,412
New +$7.45M
BIT icon
39
BlackRock Multi-Sector Income Trust
BIT
$697M
$7.16M 0.7%
419,605
-323,330
-44% -$5.5M
USA icon
40
Liberty All-Star Equity Fund
USA
$1.79B
$6.5M 0.64%
+1,255,787
New +$6.47M
CRC
41
DELISTED
California Resources Corporation
CRC
$5.22M 0.51%
417,845
– –
KST
42
DELISTED
Deutsche Strategic Income Trust
KST
$5.04M 0.49%
416,155
– –
CIF
43
DELISTED
MFS Intermediate High Income Fund
CIF
$4.38M 0.43%
1,705,180
-145,080
-8% -$369K
MTG icon
44
MGIC Investment
MTG
$6.19B
$4.14M 0.4%
517,448
-181,618
-26% -$1.35M
EHI
45
Western Asset Global High Income Fund
EHI
$175M
$4.11M 0.4%
+402,926
New +$4.06M
HIO
46
Western Asset High Income Opportunity Fund
HIO
$335M
$4.03M 0.39%
+797,572
New +$4M
LBF
47
DELISTED
Deutsche Global High Incm Fund
LBF
$3.18M 0.31%
377,997
– –
SBW
48
DELISTED
Western Asset Worldwide Income
SBW
$2.98M 0.29%
256,714
-27,066
-10% -$312K
DDF
49
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$2.94M 0.29%
296,509
-103,438
-26% -$1.03M
PCF
50
High Income Securities Fund
PCF
$100M
$2.83M 0.28%
352,793
-11,972
-3% -$95.2K
1
2
3 4 5

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GCM
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VI
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JFG
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SPC
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Saba Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Saba Capital Management held 110 positions worth $1.02B, down 8.5% from $1.12B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management withdrew a net $141M in Q3 2016, closing 15 positions and reducing 41 holdings. Its most notable exit was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $36M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 2.7% of assets, up from 1.5% a quarter earlier, followed by Financials and Energy.

Against the trend, Saba Capital Management opened a new position in General American Investors Company worth $7.49M.

  • Saba Capital Management's largest Q3 2016 buy was General American Investors Company: 229,412 shares worth $7.49M.
  • Saba Capital Management added most to FIRST TRUST HIGH INCOME LONG/SHORT FUND in Q3 2016, an estimated $18.4M increase.
  • Saba Capital Management's biggest Q3 2016 reduction was Deutsche High Income Trust, cutting an estimated $6.36M.
  • Saba Capital Management fully exited PIMCO Dynamic Credit and Mortgage Income Fund in Q3 2016, selling an estimated $36M.
  • Saba Capital Management's ten largest holdings make up 48% of its $1.02B portfolio in Q3 2016.
  • Saba Capital Management opened 13 new positions and closed 15 in Q3 2016.
  • Saba Capital Management's portfolio value fell 8.5% quarter-over-quarter to $1.02B.

Based on Saba Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.