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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
+2.53%
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
+$92.1M
Cap. Flow
+$48.7M
Cap. Flow %
4.36%
Top 10 Hldgs %
44.27%
Holding
115
New
9
Increased
29
Reduced
36
Closed
18

Top Buys

Rank Stock Value
1
AVK
Advent Convertible and Income Fund
AVK
+$15.2M
2
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$9.57M
3
MCR
MFS Charter Income Trust
MCR
+$9.02M
4
BHC icon
Bausch Health
BHC
+$8.59M
5
CYH icon
Community Health Systems
CYH
+$7.48M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$20.3M
2
HYF
MANAGED HIGH YLD PLUS FD INC
HYF
+$11.1M
3
GHI
GLOBAL HIGH INCOME FUND INC.
GHI
+$9.76M
4
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$9.35M
5
HYI
Western Asset High Yield Opportunity Fund Inc
HYI
+$7.03M

Sector Composition

Rank Sector Weight
1 Healthcare 1.53%
2 Financials 0.79%
3 Consumer Discretionary 0.5%
4 Energy 0.46%
5 Technology 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSD
76
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$649K 0.06%
70,135
+20,000
+40% +$182K
NRO
77
Neuberger Real Estate Securities Income Fund Inc
NRO
$194M
$641K 0.06%
118,298
+81,038
+217% +$407K
VTA
78
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$567K 0.05%
51,414
– –
DYN.WS
79
DELISTED
Dynegy Inc,
DYN.WS
$507K 0.05%
1,394,423
+963,579
+224% +$429K
FMY
80
First Trust Mortgage Income Fund
FMY
$489K 0.04%
33,890
-6,631
-16% -$95.7K
QEP
81
DELISTED
QEP RESOURCES, INC.
QEP
$441K 0.04%
25,000
-10,000
-29% -$173K
BAC icon
82
Bank of America
BAC
$435B
$425K 0.04%
+32,000
New +$450K
EVF
83
Eaton Vance Senior Income Trust
EVF
$90.3M
$425K 0.04%
70,749
-22,299
-24% -$132K
HYI
84
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
$414K 0.04%
27,557
-486,414
-95% -$7.03M
FAM
85
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$366K 0.03%
32,005
– –
MSP
86
DELISTED
Madison Strategic Sector
MSP
$361K 0.03%
31,417
– –
GLO
87
Clough Global Opportunities Fund
GLO
$249M
$253K 0.02%
27,143
– –
SCD
88
LMP Capital and Income Fund
SCD
$353M
$246K 0.02%
18,712
– –
FTR
89
PUT
DELISTED
Frontier Communications Corp.
FTR
$213K 0.02%
2,887
-49,273
-94% -$3.86M
ASHR icon
90
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$211K 0.02%
8,900
– –
JGV
91
DELISTED
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
$207K 0.02%
17,700
– –
JDD
92
DELISTED
Nuveen Diversified Dividend and Income Fund
JDD
$184K 0.02%
15,767
– –
DEX
93
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$150K 0.01%
15,555
– –
MVC
94
DELISTED
MVC Capital, Inc.
MVC
$145K 0.01%
+18,000
New +$140K
JMM icon
95
Nuveen Multi-Market Income Fund
JMM
$54.1M
$129K 0.01%
17,285
– –
RDN icon
96
Radian Group
RDN
$5.14B
$104K 0.01%
10,000
-85,633
-90% -$1.01M
CYHHZ
97
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$4K ﹤0.01%
795,108
– –
BTZ icon
98
BlackRock Credit Allocation Income Trust
BTZ
$927M
– –
-311,399
Closed -$3.9M
DOC icon
99
Healthpeak Properties
DOC
$15.4B
– –
-109,226
Closed -$3.24M
DVN icon
100
Devon Energy
DVN
$51.9B
– –
-19,996
Closed -$549K
1 2 3
4
5

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ACM
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WB
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GCM
Ghisallo Capital Management Boston, Massachusetts $3.63B AUM 30.51% 1-Year Est. Return
VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
SL
Siren LLC Greenwich, Connecticut $3.61B AUM 203.3% 1-Year Est. Return
JFG
JMG Financial Group Downers Grove, Illinois $3.63B AUM 17.91% 1-Year Est. Return
U
Uber San Francisco, California $3.6B AUM 19.81% 1-Year Est. Return
SPC
Sigma Planning Corp Ann Arbor, Michigan $3.6B AUM 24.57% 1-Year Est. Return

Saba Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Saba Capital Management held 115 positions worth $1.12B, up 9% from $1.03B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Saba Capital Management deployed $48.7M of net new capital in Q2 2016, opening 9 new positions and adding to 29 existing holdings. Its largest new stake was California Resources Corporation: 417,845 shares worth $5.1M.

By sector, the portfolio is most concentrated in Healthcare at 1.5% of assets, up from 0.6% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $20.3M trimmed.

  • Saba Capital Management's largest Q2 2016 buy was California Resources Corporation: 417,845 shares worth $5.1M.
  • Saba Capital Management added most to Advent Convertible and Income Fund in Q2 2016, an estimated $15.2M increase.
  • Saba Capital Management's biggest Q2 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $20.3M.
  • Saba Capital Management fully exited MANAGED HIGH YLD PLUS FD INC in Q2 2016, selling an estimated $11.1M.
  • Saba Capital Management's ten largest holdings make up 44% of its $1.12B portfolio in Q2 2016.
  • Saba Capital Management opened 9 new positions and closed 18 in Q2 2016.
  • Saba Capital Management's portfolio value rose 9% quarter-over-quarter to $1.12B.

Based on Saba Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.