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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
MMT
51
Aberdeen Multi-Market Income Fund
MMT
$237M
$3.16M 0.28%
516,508
-715,277
-58% -$4.36M
AVP
52
DELISTED
Avon Products, Inc.
AVP
$3.06M 0.27%
+694,224
New +$3.47M
MTG icon
53
MGIC Investment
MTG
$6.27B
$2.82M 0.25%
278,587
-79,600
-22% -$838K
PCF
54
High Income Securities Fund
PCF
$99.6M
$2.82M 0.25%
324,901
– –
EDD
55
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$372M
$2.75M 0.25%
363,485
-738,781
-67% -$5.59M
MBI icon
56
MBIA
MBI
$288M
$2.69M 0.24%
+317,342
New +$3.19M
NGD
57
DELISTED
New Gold Inc
NGD
$2.3M 0.21%
772,282
+496,245
+180% +$1.6M
RDN icon
58
PUT
Radian Group
RDN
$5.14B
$2.14M 0.19%
119,300
– –
RAD
59
DELISTED
Rite Aid Corporation
RAD
$2M 0.18%
+23,585
New +$2.84M
TWNKW
60
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$1.86M 0.17%
+659,572
New +$1.65M
HYT icon
61
BlackRock Corporate High Yield Fund
HYT
$1.36B
$1.82M 0.16%
+166,826
New +$1.83M
PHF
62
DELISTED
Pacholder High Yield
PHF
$1.61M 0.14%
207,724
– –
HYG icon
63
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$1.25M 0.11%
14,300
-19,035
-57% -$1.66M
ODP
64
DELISTED
ODP
ODP
$1.22M 0.11%
26,150
+588
+2% +$26.6K
BOE icon
65
BlackRock Enhanced Global Dividend Trust
BOE
$662M
$1.21M 0.11%
+97,307
New +$1.19M
UIS icon
66
Unisys
UIS
$227M
$1.14M 0.1%
81,644
+2,007
+3% +$27.8K
MSD
67
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$926K 0.08%
99,090
+10,000
+11% +$93.9K
IGD
68
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$503M
$881K 0.08%
+120,000
New +$854K
RA
69
Brookfield Real Assets Income Fund
RA
$703M
$781K 0.07%
34,301
– –
ILG
70
DELISTED
ILG, Inc Common Stock
ILG
$780K 0.07%
37,208
-17,150
-32% -$323K
LGI
71
Lazard Global Total Return & Income Fund
LGI
$235M
$755K 0.07%
50,360
– –
ECF
72
Ellsworth Growth & Income Fund
ECF
$171M
$706K 0.06%
81,843
– –
AKS
73
DELISTED
AK Steel Holding Corp
AKS
$661K 0.06%
+92,000
New +$788K
LOR
74
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$652K 0.06%
61,223
+2,600
+4% +$26.8K
HYI
75
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
$528K 0.05%
+34,354
New +$524K
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.