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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
+5.64%
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
+$135M
Cap. Flow
+$88.7M
Cap. Flow %
7.93%
Top 10 Hldgs %
51.28%
Holding
114
New
18
Increased
28
Reduced
25
Closed
11

Top Buys

Rank Stock Value
1
GLO
Clough Global Opportunities Fund
GLO
+$34.6M
2
GAM
General American Investors Company
GAM
+$30.3M
3
BHC icon
Bausch Health
BHC
+$18.1M
4
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$15.4M
5
JCP
J.C. Penney Company, Inc.
JCP
+$9.32M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$31.5M
2
FTF
Franklin Limited Duration Income Trust
FTF
+$28M
3
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$23.4M
4
PPT
Franklin Premier Income Trust
PPT
+$9.99M
5
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$6.6M

Sector Composition

Rank Sector Weight
1 Healthcare 6.44%
2 Financials 2%
3 Industrials 1.55%
4 Energy 1.02%
5 Consumer Discretionary 0.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GNW icon
26
Genworth Financial
GNW
$3.8B
$10.7M 0.95%
2,588,820
+1,187,801
+85% +$4.57M
VLT icon
27
Invesco High Income Trust II
VLT
$66.2M
$10.5M 0.94%
726,551
+81,800
+13% +$1.18M
RIG icon
28
PUT
Transocean
RIG
$5.92B
$9.72M 0.87%
780,600
– –
DEX
29
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$9.55M 0.85%
868,610
+7,356
+0.9% +$77.6K
FHY
30
DELISTED
First Trust Strategic High
FHY
$9.35M 0.84%
717,347
+30,809
+4% +$391K
NHS
31
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$9.01M 0.81%
758,703
+11,805
+2% +$140K
HTZ
32
DELISTED
Hertz Global Holdings, Inc.
HTZ
$8.79M 0.79%
577,149
+471,597
+447% +$8.56M
THC icon
33
Tenet Healthcare
THC
$20.1B
$8.76M 0.78%
494,382
+321,287
+186% +$5.96M
JCP
34
DELISTED
J.C. Penney Company, Inc.
JCP
$8.68M 0.78%
+1,409,000
New +$9.32M
AGD
35
abrdn Global Dynamic Dividend Fund
AGD
$315M
$8.57M 0.77%
877,639
-158,975
-15% -$1.5M
SDRL
36
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
$8.55M 0.76%
19,348
-39
-0.2% -$22.3K
AAL icon
37
American Airlines Group
AAL
$9.58B
$8.52M 0.76%
+201,408
New +$9.11M
EGC
38
DELISTED
Energy XXI Gulf Coast, Inc. Common Stock
EGC
$7.81M 0.7%
+260,601
New +$7.71M
NMBL
39
CALL
DELISTED
Nimble Storage, Inc.
NMBL
$7.71M 0.69%
+617,100
New +$6.04M
OMF icon
40
OneMain Financial
OMF
$6.9B
$6.06M 0.54%
243,800
-21,549
-8% -$541K
MCR
41
DELISTED
MFS Charter Income Trust
MCR
$5.8M 0.52%
673,976
-744,994
-53% -$6.39M
RVT icon
42
Royce Value Trust
RVT
$2.21B
$5.54M 0.5%
396,064
– –
KST
43
DELISTED
Deutsche Strategic Income Trust
KST
$5.03M 0.45%
411,347
-4,808
-1% -$58.4K
AGN
44
DELISTED
Allergan plc
AGN
$4.83M 0.43%
20,203
-135,318
-87% -$31.5M
DNI
45
DELISTED
Dividend and Income Fund
DNI
$3.68M 0.33%
305,255
+154,922
+103% +$1.88M
CNX icon
46
CNX Resources
CNX
$4.85B
$3.61M 0.32%
+258,197
New +$3.64M
EHI
47
Western Asset Global High Income Fund
EHI
$175M
$3.46M 0.31%
342,271
-24,416
-7% -$245K
DDF
48
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$3.38M 0.3%
327,067
+17,328
+6% +$177K
SVU
49
DELISTED
SUPERVALU Inc.
SVU
$3.28M 0.29%
+121,266
New +$3.31M
LBF
50
DELISTED
Deutsche Global High Incm Fund
LBF
$3.2M 0.29%
377,197
-800
-0.2% -$6.77K
1
2
3 4 5

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Saba Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Saba Capital Management held 114 positions worth $1.12B, up 14% from $984M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Saba Capital Management deployed $88.7M of net new capital in Q1 2017, opening 18 new positions and adding to 28 existing holdings. Its largest new stake was J.C. Penney Company, Inc.: 1,409,000 shares worth $8.68M.

By sector, the portfolio is most concentrated in Healthcare at 6.4% of assets, down from 7% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Allergan plc, an estimated $31.5M trimmed.

  • Saba Capital Management's largest Q1 2017 buy was J.C. Penney Company, Inc.: 1,409,000 shares worth $8.68M.
  • Saba Capital Management added most to Clough Global Opportunities Fund in Q1 2017, an estimated $34.6M increase.
  • Saba Capital Management's biggest Q1 2017 reduction was Allergan plc, cutting an estimated $31.5M.
  • Saba Capital Management fully exited Blackstone Strategic Credit 2027 Term Fund in Q1 2017, selling an estimated $23.4M.
  • Saba Capital Management's ten largest holdings make up 51% of its $1.12B portfolio in Q1 2017.
  • Saba Capital Management opened 18 new positions and closed 11 in Q1 2017.
  • Saba Capital Management's portfolio value rose 14% quarter-over-quarter to $1.12B.

Based on Saba Capital Management's 13F filing for Q1 2017, filed 15 May 2017.