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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
+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
JDD
101
DELISTED
Nuveen Diversified Dividend and Income Fund
JDD
$172K 0.02%
15,767
– –
TEI
102
Templeton Emerging Markets Income Fund
TEI
$309M
$168K 0.02%
16,357
-26,377
-62% -$255K
LINE
103
DELISTED
LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS
LINE
$153K 0.01%
+428,800
New +$354K
DEX
104
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$142K 0.01%
15,555
– –
JMM icon
105
Nuveen Multi-Market Income Fund
JMM
$54.7M
$125K 0.01%
17,285
-38,073
-69% -$266K
CYHHZ
106
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$5K ﹤0.01%
795,108
– –
AMD icon
107
PUT
Advanced Micro Devices
AMD
$792B
– –
-82,700
Closed -$237K
AWF
108
AllianceBernstein Global High Income Fund
AWF
$870M
– –
-482,245
Closed -$5.2M
BLW icon
109
BlackRock Limited Duration Income Trust
BLW
$491M
– –
-19,085
Closed -$278K
BND icon
110
Vanguard Total Bond Market
BND
$158B
– –
-23,711
Closed -$1.92M
BZH icon
111
Beazer Homes USA
BZH
$915M
– –
-215,510
Closed -$2.48M
BZH icon
112
PUT
Beazer Homes USA
BZH
$915M
– –
-1,794,100
Closed -$20.6M
EMB icon
113
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
– –
-2,473
Closed -$262K
GHY
114
PGIM Global High Yield Fund
GHY
$478M
– –
-145,071
Closed -$2.05M
GNW icon
115
PUT
Genworth Financial
GNW
$3.81B
– –
-1,321,500
Closed -$4.93M
HYT icon
116
BlackRock Corporate High Yield Fund
HYT
$1.36B
– –
-4,957,128
Closed -$48.5M
IGIB icon
117
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
– –
-12,986
Closed -$697K
IGSB icon
118
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.9B
– –
-25,302
Closed -$1.32M
LQD icon
119
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.4B
– –
-6,549
Closed -$747K
LUMN icon
120
Lumen
LUMN
$6.4B
– –
-40,648
Closed -$1.02M
LUMN icon
121
PUT
Lumen
LUMN
$6.4B
– –
-2,117,600
Closed -$53.3M
PBR icon
122
Petrobras
PBR
$117B
– –
-722,000
Closed -$2.92M
PIM
123
Franklin Master Intermediate Income Trust
PIM
$149M
– –
-56,893
Closed -$259K
QLTA icon
124
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.25B
– –
-22,687
Closed -$1.15M
X
125
PUT
DELISTED
US Steel
X
– –
-7,888,700
Closed -$63M
2 3 4
5
6

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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
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SL
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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 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.