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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
-0.77%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.61B
AUM Growth
-$195M
Cap. Flow
-$171M
Cap. Flow %
-10.65%
Top 10 Hldgs %
55.17%
Holding
142
New
11
Increased
33
Reduced
30
Closed
48

Top Buys

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$23.8M
2
HIX
Western Asset High Income Fund II
HIX
+$17.1M
3
EAD
Allspring Income Opportunities Fund
EAD
+$13.5M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$12.6M
5
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$12M

Top Sells

Rank Stock Value
1
DSU icon
BlackRock Debt Strategies Fund
DSU
+$33.1M
2
ORCL icon
Oracle
ORCL
+$19.5M
3
CIK
Credit Suisse Asset Management Income Fund
CIK
+$15.8M
4
THC icon
Tenet Healthcare
THC
+$14.9M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$10.2M

Sector Composition

Rank Sector Weight
1 Technology 2.68%
2 Healthcare 1.7%
3 Financials 1.31%
4 Communication Services 0.88%
5 Energy 0.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XRX icon
51
PUT
Xerox
XRX
$400M
$3.29M 0.2%
137,000
-9,200
-6% -$260K
KST
52
DELISTED
Deutsche Strategic Income Trust
KST
$3.15M 0.2%
256,525
– –
HYB
53
DELISTED
New America High Income Fund, Inc.
HYB
$3.11M 0.19%
360,575
+340,596
+1,705% +$2.96M
SM icon
54
SM Energy
SM
$7.64B
$2.87M 0.18%
111,891
-56,305
-33% -$1.32M
FSD
55
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$2.84M 0.18%
+192,723
New +$2.88M
SHLD
56
DELISTED
Sears Holding Corporation
SHLD
$2.67M 0.17%
1,127,464
-52,201
-4% -$153K
HNW
57
DELISTED
Pioneer Diversified High Income Fund
HNW
$2.6M 0.16%
178,711
+160,699
+892% +$2.38M
ISD
58
PGIM High Yield Bond Fund
ISD
$415M
$2.58M 0.16%
184,654
+49,986
+37% +$704K
BTZ icon
59
BlackRock Credit Allocation Income Trust
BTZ
$931M
$2.55M 0.16%
211,353
+55,232
+35% +$685K
SVU
60
DELISTED
SUPERVALU Inc.
SVU
$2.54M 0.16%
123,686
-287,039
-70% -$5.05M
SWN
61
DELISTED
Southwestern Energy Company
SWN
$2.32M 0.14%
437,994
+184,425
+73% +$854K
XRX icon
62
Xerox
XRX
$400M
$2.13M 0.13%
88,734
+33,121
+60% +$936K
CHN
63
DELISTED
China Fund
CHN
$2.08M 0.13%
99,443
+32,649
+49% +$711K
DNI
64
DELISTED
Dividend and Income Fund
DNI
$1.66M 0.1%
134,376
-3,700
-3% -$46K
EMD
65
Western Asset Emerging Markets Debt Fund
EMD
$610M
$1.65M 0.1%
124,139
– –
RDC
66
PUT
DELISTED
Rowan Companies Plc
RDC
$1.56M 0.1%
+96,400
New +$1.45M
DF
67
DELISTED
Dean Foods Company
DF
$897K 0.06%
85,328
-92,043
-52% -$870K
OMF icon
68
OneMain Financial
OMF
$7.23B
$787K 0.05%
23,649
-62,514
-73% -$2.02M
ESV
69
DELISTED
Ensco Rowan plc
ESV
$674K 0.04%
23,194
-28,156
-55% -$689K
ONIT
70
Onity Group
ONIT
$308M
$645K 0.04%
10,864
-4,475
-29% -$294K
CEV
71
Eaton Vance California Municipal Income Trust
CEV
$70.8M
$610K 0.04%
+53,222
New +$608K
CIK
72
Credit Suisse Asset Management Income Fund
CIK
$134M
$560K 0.03%
177,142
-4,945,059
-97% -$15.8M
AGC
73
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$529K 0.03%
94,624
-838,723
-90% -$4.75M
ECF
74
Ellsworth Growth & Income Fund
ECF
$166M
$420K 0.03%
44,542
-34,529
-44% -$322K
TWNKW
75
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$406K 0.03%
238,772
– –
1 2
3
4 5

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Saba Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Saba Capital Management held 142 positions worth $1.61B, down 11% from $1.8B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Saba Capital Management withdrew a net $171M in Q2 2018, closing 48 positions and reducing 30 holdings. Its most notable exit was Oracle, an estimated $19.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.7% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Saba Capital Management opened a new position in Texas Instruments worth $11.9M.

  • Saba Capital Management's largest Q2 2018 buy was Texas Instruments: 107,546 shares worth $11.9M.
  • Saba Capital Management added most to iShares 7-10 Year Treasury Bond ETF in Q2 2018, an estimated $23.8M increase.
  • Saba Capital Management's biggest Q2 2018 reduction was BlackRock Debt Strategies Fund, cutting an estimated $33.1M.
  • Saba Capital Management fully exited Oracle in Q2 2018, selling an estimated $19.5M.
  • Saba Capital Management's ten largest holdings make up 55% of its $1.61B portfolio in Q2 2018.
  • Saba Capital Management opened 11 new positions and closed 48 in Q2 2018.
  • Saba Capital Management's portfolio value fell 11% quarter-over-quarter to $1.61B.

Based on Saba Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.