We are live on
!
Find out more
SCM
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
(-8.5%)
Cap. Flow
-$141M
Cap. Flow
% of AUM
-13.81%
Top 10 Holdings %
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 |
Community Health Systems
CYH
|
+$7.16M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
51
MBIA
MBI
$269M
| $2.81M | 0.27% |
360,399
| – | – |
|
|
AIF
52
DELISTED
Apollo Tactical Income Fund Inc.
AIF
| $2.38M | 0.23% |
153,767
-42,785
| -22% | -$640K |
|
53
Western Digital
WDC
$185B
| $2.2M | 0.22% |
49,877
-1,720
| -3% | -$64.8K |
|
|
FHY
54
DELISTED
First Trust Strategic High
FHY
| $1.93M | 0.19% |
156,638
+34,651
| +28% | +$421K |
|
|
DNI
55
DELISTED
Dividend and Income Fund
DNI
| $1.69M | 0.16% |
+150,333
| New | +$1.72M |
|
56
PUT
Radian Group
RDN
$5.14B
| $1.56M | 0.15% |
115,500
+12,000
| +12% | +$155K |
|
|
ODP
57
DELISTED
ODP
ODP
| $1.5M | 0.15% |
41,922
-4,608
| -10% | -$163K |
|
58
Unisys
UIS
$215M
| $1.29M | 0.13% |
132,781
-72,000
| -35% | -$668K |
|
|
PHF
59
DELISTED
Pacholder High Yield
PHF
| $1.23M | 0.12% |
172,057
-8,100
| -4% | -$57.8K |
|
60
Tenet Healthcare
THC
$20.2B
| $1.21M | 0.12% |
+53,490
| New | +$1.39M |
|
|
ILG
61
DELISTED
ILG, Inc Common Stock
ILG
| $1.07M | 0.11% |
62,583
-15,460
| -20% | -$267K |
|
|
APC
62
DELISTED
Anadarko Petroleum
APC
| $1.07M | 0.1% |
16,847
| – | – |
|
63
Royce Value Trust
RVT
$2.2B
| $1.01M | 0.1% |
+80,095
| New | +$1M |
|
64
Genworth Financial
GNW
$3.77B
| $942K | 0.09% |
189,972
-480,100
| -72% | -$1.84M |
|
|
MSD
65
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
| $860K | 0.08% |
89,090
+18,955
| +27% | +$183K |
|
66
Nuveen Credit Strategies Income Fund
JQC
$707M
| $822K | 0.08% |
96,899
-123,011
| -56% | -$1.03M |
|
|
AOD
67
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
| $807K | 0.08% |
+105,739
| New | +$807K |
|
|
BOI
68
DELISTED
Brookfield Mtge Opportunity Fd
BOI
| $784K | 0.08% |
52,239
-77,307
| -60% | -$1.17M |
|
|
DCA
69
DELISTED
Virtus Total Return Fund
DCA
| $701K | 0.07% |
147,879
| – | – |
|
|
LGI
70
Lazard Global Total Return & Income Fund
LGI
$236M
| $690K | 0.07% |
+49,360
| New | +$680K |
|
|
ECF
71
Ellsworth Growth & Income Fund
ECF
$168M
| $670K | 0.07% |
81,843
-10,014
| -11% | -$82.6K |
|
|
BCV
72
Bancroft Fund
BCV
$134M
| $631K | 0.06% |
30,055
-208,544
| -87% | -$4.24M |
|
|
HYB
73
DELISTED
New America High Income Fund, Inc.
HYB
| $601K | 0.06% |
65,227
-85,909
| -57% | -$768K |
|
|
LOR
74
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
| $592K | 0.06% |
+58,623
| New | +$567K |
|
|
HES
75
DELISTED
Hess
HES
| $536K | 0.05% |
+10,000
| New | +$536K |
|
Similar funds
ACM
GCM
VI
SL
JFG
U
SPC
OCM
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.