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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
DVN icon
101
PUT
Devon Energy
DVN
$51.9B
– –
-174,900
Closed -$4.8M
EHI
102
Western Asset Global High Income Fund
EHI
$175M
– –
-272,938
Closed -$2.47M
EVV
103
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
– –
-366,801
Closed -$4.83M
FCX icon
104
PUT
Freeport-McMoran
FCX
$90B
– –
-621,700
Closed -$6.43M
HIO
105
Western Asset High Income Opportunity Fund
HIO
$335M
– –
-82,431
Closed -$387K
PBR icon
106
PUT
Petrobras
PBR
$121B
– –
-71,800
Closed -$419K
TEI
107
Templeton Emerging Markets Income Fund
TEI
$310M
– –
-16,357
Closed -$168K
TSI
108
TCW Strategic Income Fund
TSI
$212M
– –
-38,171
Closed -$199K
CHK
109
PUT
DELISTED
Chesapeake Energy Corporation
CHK
– –
-15,102
Closed -$12.4M
SDRL
110
DELISTED
Seadrill Limited Common Stock
SDRL
– –
-317
Closed -$302K
KATE
111
DELISTED
Kate Spade & Company
KATE
– –
-36,246
Closed -$925K
LINE
112
DELISTED
LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS
LINE
– –
-428,800
Closed -$153K
SGL
113
DELISTED
STRATEGIC GLOBAL INCOME FUND
SGL
– –
-84,432
Closed -$752K
GHI
114
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
– –
-1,123,257
Closed -$9.76M
HYF
115
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
– –
-6,229,242
Closed -$11.1M
1 2 3 4
5

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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
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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.