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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
+2.35%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.1B
AUM Growth
-$15.6M
Cap. Flow
-$100M
Cap. Flow %
-9.07%
Top 10 Hldgs %
49.27%
Holding
120
New
15
Increased
25
Reduced
30
Closed
17

Top Buys

Rank Stock Value
1
GLO
Clough Global Opportunities Fund
GLO
+$20.2M
2
MSD
Morgan Stanley Emerging Markets Debt Fund
MSD
+$12.6M
3
HTZ
Hertz Global Holdings, Inc.
HTZ
+$7.46M
4
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$6.56M
5
SM icon
SM Energy
SM
+$5.63M

Top Sells

Rank Stock Value
1
ERC
Allspring Multi-Sector Income Fund
ERC
+$38M
2
FTF
Franklin Limited Duration Income Trust
FTF
+$17.1M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$9.73M
4
AAL icon
American Airlines Group
AAL
+$9.36M
5
BHC icon
Bausch Health
BHC
+$8.31M

Sector Composition

Rank Sector Weight
1 Healthcare 7.17%
2 Financials 2.11%
3 Energy 1.84%
4 Industrials 1.15%
5 Materials 0.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KMM
26
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$12.4M 1.12%
1,405,086
-555,628
-28% -$4.89M
VLT icon
27
Invesco High Income Trust II
VLT
$66.2M
$12M 1.09%
807,399
+80,848
+11% +$1.19M
DEX
28
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$11.9M 1.08%
1,047,343
+178,733
+21% +$2.01M
LCM
29
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
$11.7M 1.06%
1,340,954
+9,144
+0.7% +$79.6K
FHY
30
DELISTED
First Trust Strategic High
FHY
$11.2M 1.01%
820,026
+102,679
+14% +$1.38M
NFJ
31
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$10.9M 0.99%
833,660
-128,430
-13% -$1.69M
NHS
32
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$9.02M 0.82%
758,703
– –
AGD
33
abrdn Global Dynamic Dividend Fund
AGD
$315M
$7.71M 0.7%
753,182
-124,457
-14% -$1.25M
AVP
34
DELISTED
Avon Products, Inc.
AVP
$7.22M 0.65%
1,900,095
+1,205,871
+174% +$4.71M
RIG icon
35
PUT
Transocean
RIG
$5.92B
$6.42M 0.58%
780,600
– –
CNX icon
36
CNX Resources
CNX
$4.85B
$6.21M 0.56%
499,159
+240,962
+93% +$3.11M
OMF icon
37
OneMain Financial
OMF
$6.9B
$5.73M 0.52%
233,083
-10,717
-4% -$252K
AKS
38
DELISTED
AK Steel Holding Corp
AKS
$5.7M 0.52%
867,390
+775,390
+843% +$4.86M
JCP
39
DELISTED
J.C. Penney Company, Inc.
JCP
$5.66M 0.51%
1,216,100
-192,900
-14% -$986K
EGC
40
DELISTED
Energy XXI Gulf Coast, Inc. Common Stock
EGC
$4.84M 0.44%
260,601
– –
SM icon
41
SM Energy
SM
$7.96B
$4.69M 0.43%
+283,526
New +$5.63M
RVT icon
42
Royce Value Trust
RVT
$2.21B
$4.69M 0.42%
321,167
-74,897
-19% -$1.08M
NGD
43
DELISTED
New Gold Inc
NGD
$4.57M 0.41%
1,438,265
+665,983
+86% +$2M
TEI
44
Templeton Emerging Markets Income Fund
TEI
$310M
$4.31M 0.39%
+383,769
New +$4.37M
DNI
45
DELISTED
Dividend and Income Fund
DNI
$3.83M 0.35%
310,255
+5,000
+2% +$60.9K
SVU
46
DELISTED
SUPERVALU Inc.
SVU
$3.79M 0.34%
164,694
+43,428
+36% +$1.16M
RDC
47
DELISTED
Rowan Companies Plc
RDC
$3.5M 0.32%
+342,052
New +$4.48M
FTF
48
Franklin Limited Duration Income Trust
FTF
$233M
$3.35M 0.3%
283,039
-1,432,041
-83% -$17.1M
LBF
49
DELISTED
Deutsche Global High Incm Fund
LBF
$3.29M 0.3%
377,197
– –
DDF
50
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$3.2M 0.29%
306,317
-20,750
-6% -$216K
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 Q2 2017 Portfolio in Review

As of Q2 2017, Saba Capital Management held 120 positions worth $1.1B, down 1.4% from $1.12B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Saba Capital Management withdrew a net $100M in Q2 2017, closing 17 positions and reducing 30 holdings. Its most notable exit was American Airlines Group, an estimated $9.36M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 7.2% of assets, up from 6.4% a quarter earlier, followed by Financials and Energy.

Against the trend, Saba Capital Management opened a new position in SM Energy worth $4.69M.

  • Saba Capital Management's largest Q2 2017 buy was SM Energy: 283,526 shares worth $4.69M.
  • Saba Capital Management added most to Clough Global Opportunities Fund in Q2 2017, an estimated $20.2M increase.
  • Saba Capital Management's biggest Q2 2017 reduction was Allspring Multi-Sector Income Fund, cutting an estimated $38M.
  • Saba Capital Management fully exited American Airlines Group in Q2 2017, selling an estimated $9.36M.
  • Saba Capital Management's ten largest holdings make up 49% of its $1.1B portfolio in Q2 2017.
  • Saba Capital Management opened 15 new positions and closed 17 in Q2 2017.
  • Saba Capital Management's portfolio value fell 1.4% quarter-over-quarter to $1.1B.

Based on Saba Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.