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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
+2.25%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.03B
AUM Growth
-$22.7M
Cap. Flow
-$42.1M
Cap. Flow %
-4.1%
Top 10 Hldgs %
42.37%
Holding
133
New
34
Increased
38
Reduced
24
Closed
27

Top Buys

Rank Stock Value
1
DSU icon
BlackRock Debt Strategies Fund
DSU
+$21.7M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$21.6M
3
AGC
Advent Claymore Conv Sec & Incme
AGC
+$17.7M
4
FTF
Franklin Limited Duration Income Trust
FTF
+$16.8M
5
ERC
Allspring Multi-Sector Income Fund
ERC
+$15.4M

Top Sells

Rank Stock Value
1
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$48.5M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$14M
3
HYI
Western Asset High Yield Opportunity Fund Inc
HYI
+$9.05M
4
MHY
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
+$8.5M
5
AWF
AllianceBernstein Global High Income Fund
AWF
+$5.2M

Sector Composition

Rank Sector Weight
1 Healthcare 0.6%
2 Financials 0.44%
3 Real Estate 0.32%
4 Consumer Discretionary 0.23%
5 Technology 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PHF
76
DELISTED
Pacholder High Yield
PHF
$1.06M 0.1%
166,439
+39,633
+31% +$239K
APC
77
DELISTED
Anadarko Petroleum
APC
$1.04M 0.1%
22,347
-59,653
-73% -$2.42M
KATE
78
DELISTED
Kate Spade & Company
KATE
$925K 0.09%
36,246
-45,915
-56% -$902K
HYG icon
79
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$817K 0.08%
10,000
-414
-4% -$32.9K
SGL
80
DELISTED
STRATEGIC GLOBAL INCOME FUND
SGL
$752K 0.07%
84,432
– –
ECF
81
Ellsworth Growth & Income Fund
ECF
$168M
$698K 0.07%
+91,857
New +$667K
DCA
82
DELISTED
Virtus Total Return Fund
DCA
$627K 0.06%
+147,879
New +$546K
FMY
83
First Trust Mortgage Income Fund
FMY
$48.7M
$582K 0.06%
40,521
– –
VTA
84
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$553K 0.05%
+51,414
New +$525K
DVN icon
85
Devon Energy
DVN
$50.5B
$549K 0.05%
19,996
-44,204
-69% -$1.08M
EVF
86
Eaton Vance Senior Income Trust
EVF
$89.9M
$539K 0.05%
+93,048
New +$514K
QEP
87
DELISTED
QEP RESOURCES, INC.
QEP
$494K 0.05%
+35,000
New +$405K
MSD
88
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$440K 0.04%
+50,135
New +$425K
PBR icon
89
PUT
Petrobras
PBR
$117B
$419K 0.04%
71,800
-2,550,600
-97% -$10.3M
HIO
90
Western Asset High Income Opportunity Fund
HIO
$335M
$387K 0.04%
82,431
-3,099,974
-97% -$14M
MSP
91
DELISTED
Madison Strategic Sector
MSP
$354K 0.03%
+31,417
New +$335K
FAM
92
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$351K 0.03%
+32,005
New +$325K
SDRL
93
DELISTED
Seadrill Limited Common Stock
SDRL
$281K 0.03%
+317
New +$228K
GLO
94
Clough Global Opportunities Fund
GLO
$248M
$260K 0.03%
27,143
– –
SCD
95
LMP Capital and Income Fund
SCD
$353M
$231K 0.02%
18,712
– –
ASHR icon
96
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
$218K 0.02%
+8,900
New +$206K
TSI
97
TCW Strategic Income Fund
TSI
$213M
$199K 0.02%
+38,171
New +$198K
JGV
98
DELISTED
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
$194K 0.02%
+17,700
New +$182K
NRO
99
Neuberger Real Estate Securities Income Fund Inc
NRO
$195M
$181K 0.02%
+37,260
New +$167K
DYN.WS
100
DELISTED
Dynegy Inc,
DYN.WS
$177K 0.02%
430,844
-300,500
-41% -$128K
2 3
4
5 6

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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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U
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SPC
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Saba Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Saba Capital Management held 133 positions worth $1.03B, down 2.2% from $1.05B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Saba Capital Management withdrew a net $42.1M in Q1 2016, closing 27 positions and reducing 24 holdings. Its most notable exit was BlackRock Corporate High Yield Fund, an estimated $48.5M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 0.6% of assets, followed by Financials and Real Estate.

Against the trend, Saba Capital Management opened a new position in Advent Claymore Conv Sec & Incme worth $19M.

  • Saba Capital Management's largest Q1 2016 buy was Advent Claymore Conv Sec & Incme: 3,491,175 shares worth $19M.
  • Saba Capital Management added most to BlackRock Debt Strategies Fund in Q1 2016, an estimated $21.7M increase.
  • Saba Capital Management's biggest Q1 2016 reduction was Western Asset High Income Opportunity Fund, cutting an estimated $14M.
  • Saba Capital Management fully exited BlackRock Corporate High Yield Fund in Q1 2016, selling an estimated $48.5M.
  • Saba Capital Management's ten largest holdings make up 42% of its $1.03B portfolio in Q1 2016.
  • Saba Capital Management opened 34 new positions and closed 27 in Q1 2016.
  • Saba Capital Management's portfolio value fell 2.2% quarter-over-quarter to $1.03B.

Based on Saba Capital Management's 13F filing for Q1 2016, filed 16 May 2016.