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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
FAX
76
abrdn Asia-Pacific Income Fund
FAX
$590M
$389K 0.03%
12,987
– –
THS
77
DELISTED
Treehouse Foods
THS
$383K 0.03%
4,529
-16,432
-78% -$1.32M
EEA
78
European Equity Fund
EEA
$73.9M
$376K 0.03%
45,222
– –
FAM
79
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$372K 0.03%
32,005
– –
BCV
80
Bancroft Fund
BCV
$136M
$336K 0.03%
15,970
– –
ADX icon
81
Adams Diversified Equity Fund
ADX
$3.17B
$330K 0.03%
+24,000
New +$322K
BIT icon
82
BlackRock Multi-Sector Income Trust
BIT
$696M
$313K 0.03%
18,100
-384,931
-96% -$6.6M
EAD
83
Allspring Income Opportunities Fund
EAD
$372M
$295K 0.03%
35,071
+15,616
+80% +$132K
NRO
84
Neuberger Real Estate Securities Income Fund Inc
NRO
$194M
$286K 0.03%
56,343
-33,086
-37% -$168K
APC
85
DELISTED
Anadarko Petroleum
APC
$270K 0.02%
4,347
-5,000
-53% -$333K
DCA
86
DELISTED
Virtus Total Return Fund
DCA
$240K 0.02%
54,836
-93,043
-63% -$421K
CIF
87
DELISTED
MFS Intermediate High Income Fund
CIF
$233K 0.02%
88,302
-1,098,810
-93% -$2.86M
MSP
88
DELISTED
Madison Strategic Sector
MSP
$230K 0.02%
18,887
– –
ASHR icon
89
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$224K 0.02%
8,900
– –
HIO
90
Western Asset High Income Opportunity Fund
HIO
$335M
$205K 0.02%
40,600
-137,973
-77% -$703K
ZF
91
DELISTED
Virtus Total Return Fund Inc.
ZF
$190K 0.02%
17,066
-2,934
-15% -$32.4K
RDN icon
92
Radian Group
RDN
$5.14B
$180K 0.02%
10,000
– –
SCD
93
LMP Capital and Income Fund
SCD
$353M
$165K 0.01%
11,589
– –
MVC
94
DELISTED
MVC Capital, Inc.
MVC
$162K 0.01%
18,000
– –
HYB
95
DELISTED
New America High Income Fund, Inc.
HYB
$142K 0.01%
15,050
-50,177
-77% -$472K
JMM icon
96
Nuveen Multi-Market Income Fund
JMM
$54.1M
$128K 0.01%
17,285
– –
SWZ
97
Swiss Helvetia Fund
SWZ
$76.3M
$116K 0.01%
+10,000
New +$109K
DYN.WS
98
DELISTED
Dynegy Inc,
DYN.WS
$55K ﹤0.01%
1,394,423
– –
CYHHZ
99
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$7K ﹤0.01%
795,108
– –
BGB
100
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
– –
-1,524,251
Closed -$23.4M
1 2 3
4
5

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SPC
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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.