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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
+0.03%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$987M
AUM Growth
-$116M
Cap. Flow
+$360M
Cap. Flow %
36.5%
Top 10 Hldgs %
49.24%
Holding
120
New
18
Increased
21
Reduced
39
Closed
13

Top Buys

Rank Stock Value
1
ORIG
Ocean Rig UDW Inc. Class A Common Shares
ORIG
+$528M
2
TEI
Templeton Emerging Markets Income Fund
TEI
+$20.7M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$18.7M
4
AAPL icon
Apple
AAPL
+$18M
5
DEX
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
+$6.15M

Top Sells

Rank Stock Value
1
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$75.4M
2
ERC
Allspring Multi-Sector Income Fund
ERC
+$29.8M
3
AVK
Advent Convertible and Income Fund
AVK
+$25.2M
4
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$17.9M
5
HTZ
Hertz Global Holdings, Inc.
HTZ
+$15.8M

Sector Composition

Rank Sector Weight
1 Healthcare 6.78%
2 Financials 2.29%
3 Energy 1.9%
4 Technology 1.89%
5 Materials 1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USA icon
26
Liberty All-Star Equity Fund
USA
$1.75B
$12.4M 1.26%
2,053,859
-375,625
-15% -$2.16M
VLT icon
27
Invesco High Income Trust II
VLT
$66.2M
$12.2M 1.24%
807,399
– –
BWG
28
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$11.5M 1.16%
853,401
-392,159
-31% -$5.29M
KMM
29
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$11.4M 1.15%
1,267,504
-137,582
-10% -$1.22M
NFJ
30
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$9.63M 0.98%
718,349
-115,311
-14% -$1.52M
ORIG
31
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
$8.59M 0.87%
+361,420
New +$528M
AVP
32
DELISTED
Avon Products, Inc.
AVP
$6.61M 0.67%
2,836,381
+936,286
+49% +$2.78M
AKS
33
DELISTED
AK Steel Holding Corp
AKS
$6.56M 0.66%
1,173,931
+306,541
+35% +$1.75M
AGD
34
abrdn Global Dynamic Dividend Fund
AGD
$315M
$6.5M 0.66%
612,408
-140,774
-19% -$1.46M
NHS
35
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$6.37M 0.65%
524,128
-234,575
-31% -$2.81M
FHY
36
DELISTED
First Trust Strategic High
FHY
$5.8M 0.59%
426,231
-393,795
-48% -$5.38M
HTZ
37
DELISTED
Hertz Global Holdings, Inc.
HTZ
$5.28M 0.53%
271,695
-999,481
-79% -$15.8M
RDC
38
DELISTED
Rowan Companies Plc
RDC
$5.03M 0.51%
391,552
+49,500
+14% +$531K
SM icon
39
SM Energy
SM
$7.96B
$4.75M 0.48%
267,473
-16,053
-6% -$251K
SVU
40
DELISTED
SUPERVALU Inc.
SVU
$4.69M 0.48%
215,545
+50,851
+31% +$1.13M
CNX icon
41
CNX Resources
CNX
$4.85B
$4.55M 0.46%
322,684
-176,475
-35% -$2.27M
DNI
42
DELISTED
Dividend and Income Fund
DNI
$3.99M 0.4%
310,255
– –
EHI
43
Western Asset Global High Income Fund
EHI
$175M
$3.82M 0.39%
371,268
+53,261
+17% +$543K
MBI icon
44
MBIA
MBI
$288M
$3.75M 0.38%
431,320
+206,978
+92% +$2.08M
OMF icon
45
OneMain Financial
OMF
$6.9B
$3.55M 0.36%
126,033
-107,050
-46% -$2.87M
NGD
46
DELISTED
New Gold Inc
NGD
$3.33M 0.34%
896,387
-541,878
-38% -$1.87M
JCP
47
DELISTED
J.C. Penney Company, Inc.
JCP
$3.27M 0.33%
857,871
-358,229
-29% -$1.59M
HYT icon
48
BlackRock Corporate High Yield Fund
HYT
$1.36B
$3.17M 0.32%
280,843
+113,093
+67% +$1.26M
SGRY icon
49
Surgery Partners
SGRY
$2.06B
$3.02M 0.31%
+291,470
New +$4.17M
DYN
50
DELISTED
Dynegy, Inc.
DYN
$2.87M 0.29%
292,811
+20,465
+8% +$183K
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 Q3 2017 Portfolio in Review

As of Q3 2017, Saba Capital Management held 120 positions worth $987M, down 11% from $1.1B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Saba Capital Management deployed $360M of net new capital in Q3 2017, opening 18 new positions and adding to 21 existing holdings. Its largest new stake was Ocean Rig UDW Inc. Class A Common Shares: 361,420 shares worth $8.59M.

By sector, the portfolio is most concentrated in Healthcare at 6.8% of assets, down from 7.2% a quarter earlier, followed by Financials and Energy.

On the sell side, the largest reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $75.4M trimmed.

  • Saba Capital Management's largest Q3 2017 buy was Ocean Rig UDW Inc. Class A Common Shares: 361,420 shares worth $8.59M.
  • Saba Capital Management added most to Templeton Emerging Markets Income Fund in Q3 2017, an estimated $20.7M increase.
  • Saba Capital Management's biggest Q3 2017 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $75.4M.
  • Saba Capital Management fully exited Franklin Limited Duration Income Trust in Q3 2017, selling an estimated $3.35M.
  • Saba Capital Management's ten largest holdings make up 49% of its $987M portfolio in Q3 2017.
  • Saba Capital Management opened 18 new positions and closed 13 in Q3 2017.
  • Saba Capital Management's portfolio value fell 11% quarter-over-quarter to $987M.

Based on Saba Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.