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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
EGC
51
DELISTED
Energy XXI Gulf Coast, Inc. Common Stock
EGC
$2.69M 0.27%
260,601
– –
DDF
52
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$2.65M 0.27%
246,575
-59,742
-20% -$625K
KST
53
DELISTED
Deutsche Strategic Income Trust
KST
$2.5M 0.25%
200,716
– –
GHY
54
PGIM Global High Yield Fund
GHY
$478M
$2.02M 0.2%
135,406
+88,181
+187% +$1.32M
LCM
55
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
$1.98M 0.2%
229,637
-1,111,317
-83% -$9.53M
HYI
56
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
$1.97M 0.2%
126,363
+83,009
+191% +$1.28M
EDD
57
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$372M
$1.94M 0.2%
241,723
– –
HIO
58
Western Asset High Income Opportunity Fund
HIO
$335M
$1.78M 0.18%
+346,345
New +$1.77M
FTR
59
DELISTED
Frontier Communications Corp.
FTR
$1.76M 0.18%
149,612
+60,269
+67% +$847K
JCP
60
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
$1.66M 0.17%
+154,100
New +$682K
IGA
61
Voya Global Advantage and Premium Opportunity Fund
IGA
$154M
$1.57M 0.16%
136,544
-38,211
-22% -$419K
ONIT
62
Onity Group
ONIT
$333M
$1.33M 0.14%
25,876
-7,088
-22% -$309K
BBG
63
DELISTED
Bill Barrett Corp
BBG
$1.31M 0.13%
305,541
-226,494
-43% -$751K
TWNKW
64
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$1.3M 0.13%
639,572
-20,000
-3% -$45.6K
ESV
65
DELISTED
Ensco Rowan plc
ESV
$1.19M 0.12%
49,858
+20,715
+71% +$413K
DF
66
DELISTED
Dean Foods Company
DF
$1.12M 0.11%
+103,060
New +$1.33M
BIT icon
67
BlackRock Multi-Sector Income Trust
BIT
$696M
$1.02M 0.1%
54,819
+36,719
+203% +$672K
SDRL
68
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
$815K 0.08%
8,703
-4,763
-35% -$416K
UIS icon
69
Unisys
UIS
$227M
$800K 0.08%
94,077
+33,133
+54% +$321K
ECF
70
Ellsworth Growth & Income Fund
ECF
$171M
$732K 0.07%
79,071
-1,072
-1% -$9.84K
NIE
71
Virtus Equity & Convertible Income Fund
NIE
$718M
$719K 0.07%
+34,744
New +$700K
ISD
72
PGIM High Yield Bond Fund
ISD
$414M
$708K 0.07%
+46,388
New +$706K
LOR
73
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$694K 0.07%
61,223
– –
AEF
74
abrdn Emerging Markets Equity Income Fund
AEF
$348M
$631K 0.06%
+75,240
New +$592K
FSD
75
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$614K 0.06%
36,104
-4,440,437
-99% -$75.4M
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.