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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
-2.78%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$984M
AUM Growth
-$40.1M
Cap. Flow
-$46M
Cap. Flow %
-4.68%
Top 10 Hldgs %
48.71%
Holding
114
New
17
Increased
26
Reduced
25
Closed
20

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$32.2M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$26.4M
3
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$24.7M
4
GLQ
Clough Global Equity Fund
GLQ
+$21.3M
5
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$19.4M

Top Sells

Rank Stock Value
1
EMD
Western Asset Emerging Markets
EMD
+$23M
2
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$21.6M
3
FXI icon
iShares China Large-Cap ETF
FXI
+$19.3M
4
BGX
Blackstone Long-Short Credit Income Fund
BGX
+$15.1M
5
KHI
Deutsche High Income Trust
KHI
+$14.1M

Sector Composition

Rank Sector Weight
1 Healthcare 6.99%
2 Financials 1.53%
3 Consumer Discretionary 0.59%
4 Industrials 0.2%
5 Consumer Staples 0.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCR
26
DELISTED
MFS Charter Income Trust
MCR
$12.1M 1.23%
1,418,970
-1,519,231
-52% -$12.8M
RIG icon
27
PUT
Transocean
RIG
$5.92B
$11.5M 1.17%
780,600
-995,500
-56% -$11.8M
USA icon
28
Liberty All-Star Equity Fund
USA
$1.75B
$11M 1.12%
2,138,809
+883,022
+70% +$4.48M
GAP
29
PUT
The Gap Inc
GAP
$6.84B
$10.1M 1.03%
450,600
-1,703,100
-79% -$43.8M
PPT
30
Franklin Premier Income Trust
PPT
$323M
$9.99M 1.02%
2,009,524
-2,486,189
-55% -$12.1M
LCM
31
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
$9.62M 0.98%
1,157,191
+128,561
+12% +$1.05M
VLT icon
32
Invesco High Income Trust II
VLT
$66.2M
$9.19M 0.93%
644,751
+14,526
+2% +$205K
AGD
33
abrdn Global Dynamic Dividend Fund
AGD
$315M
$9.09M 0.92%
+1,036,614
New +$8.87M
NHS
34
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$8.72M 0.89%
746,898
-71,505
-9% -$825K
DEX
35
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$8.71M 0.89%
861,254
+845,699
+5,437% +$8.25M
FHY
36
DELISTED
First Trust Strategic High
FHY
$8.43M 0.86%
686,538
+529,900
+338% +$6.38M
GAM
37
General American Investors Company
GAM
$1.54B
$8.02M 0.82%
257,524
+28,112
+12% +$882K
EDD
38
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$372M
$7.9M 0.8%
1,102,266
-751,592
-41% -$5.64M
MMT
39
Aberdeen Multi-Market Income Fund
MMT
$237M
$7.46M 0.76%
1,231,785
-1,701,429
-58% -$10.1M
BIT icon
40
BlackRock Multi-Sector Income Trust
BIT
$696M
$6.64M 0.68%
403,031
-16,574
-4% -$273K
OMF icon
41
OneMain Financial
OMF
$6.9B
$5.88M 0.6%
+265,349
New +$6.52M
GNW icon
42
Genworth Financial
GNW
$3.8B
$5.34M 0.54%
1,401,019
+1,211,047
+637% +$5.34M
RVT icon
43
Royce Value Trust
RVT
$2.21B
$5.3M 0.54%
396,064
+315,969
+394% +$4.06M
KST
44
DELISTED
Deutsche Strategic Income Trust
KST
$4.95M 0.5%
416,155
– –
TSLA icon
45
Tesla
TSLA
$1.24T
$4.68M 0.48%
+328,500
New +$4.32M
MTG icon
46
MGIC Investment
MTG
$6.27B
$3.65M 0.37%
358,187
-159,261
-31% -$1.44M
EHI
47
Western Asset Global High Income Fund
EHI
$175M
$3.6M 0.37%
366,687
-36,239
-9% -$352K
LBF
48
DELISTED
Deutsche Global High Incm Fund
LBF
$3.13M 0.32%
377,997
– –
DDF
49
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$3.1M 0.32%
309,739
+13,230
+4% +$128K
CIF
50
DELISTED
MFS Intermediate High Income Fund
CIF
$3.06M 0.31%
1,187,112
-518,068
-30% -$1.3M
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 Q4 2016 Portfolio in Review

As of Q4 2016, Saba Capital Management held 114 positions worth $984M, down 3.9% from $1.02B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Saba Capital Management withdrew a net $46M in Q4 2016, closing 20 positions and reducing 25 holdings. Its most notable exit was Western Asset Emerging Markets, an estimated $23M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 7% of assets, up from 2.7% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in Allergan plc worth $32.7M.

  • Saba Capital Management's largest Q4 2016 buy was Allergan plc: 155,521 shares worth $32.7M.
  • Saba Capital Management added most to abrdn Total Dynamic Dividend Fund in Q4 2016, an estimated $26.4M increase.
  • Saba Capital Management's biggest Q4 2016 reduction was Blackstone Strategic Credit 2027 Term Fund, cutting an estimated $21.6M.
  • Saba Capital Management fully exited Western Asset Emerging Markets in Q4 2016, selling an estimated $23M.
  • Saba Capital Management's ten largest holdings make up 49% of its $984M portfolio in Q4 2016.
  • Saba Capital Management opened 17 new positions and closed 20 in Q4 2016.
  • Saba Capital Management's portfolio value fell 3.9% quarter-over-quarter to $984M.

Based on Saba Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.