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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
+4.65%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.02B
AUM Growth
-$94.5M
(-8.5%)
Cap. Flow
-$141M
Cap. Flow
% of AUM
-13.81%
Top 10 Holdings %
Top 10 Hldgs %
48.19%
Holding
110
New
13
Increased
21
Reduced
41
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
|
+$18.4M |
| 2 |
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
|
+$10.8M |
| 3 |
GAM
General American Investors Company
GAM
|
+$7.45M |
| 4 |
Community Health Systems
CYH
|
+$7.16M |
| 5 |
Liberty All-Star Equity Fund
USA
|
+$6.47M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
|
+$36M |
| 2 |
RSX
VanEck Russia ETF
RSX
|
+$14.4M |
| 3 |
KHI
Deutsche High Income Trust
KHI
|
+$6.36M |
| 4 |
MHY
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
|
+$6.29M |
| 5 |
GDF
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
|
+$6.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.68% |
| 2 | Financials | 0.78% |
| 3 | Energy | 0.56% |
| 4 | Technology | 0.34% |
| 5 | Consumer Discretionary | 0.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
Micron Technology
MU
$956B
| – | – |
-2,142,500
| Closed | -$29.5M |
|
|
GAP
102
The Gap Inc
GAP
$7.23B
| – | – |
-189,600
| Closed | -$4.58M |
|
|
RSX
103
DELISTED
VanEck Russia ETF
RSX
| – | – |
-826,120
| Closed | -$14.4M |
|
|
PCI
104
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| – | – |
-1,883,389
| Closed | -$36M |
|
|
VTA
105
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
| – | – |
-51,414
| Closed | -$567K |
|
|
NE
106
PUT
DELISTED
Noble Corporation
NE
| – | – |
-544,400
| Closed | -$4.49M |
|
|
GDF
107
DELISTED
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
| – | – |
-719,560
| Closed | -$6.17M |
|
|
JDD
108
DELISTED
Nuveen Diversified Dividend and Income Fund
JDD
| – | – |
-15,767
| Closed | -$184K |
|
|
FTR
109
PUT
DELISTED
Frontier Communications Corp.
FTR
| – | – |
-2,887
| Closed | -$213K |
|
|
MHY
110
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
| – | – |
-1,333,140
| Closed | -$6.29M |
|
Similar funds
ACM
GCM
VI
SL
JFG
U
SPC
OCM
Saba Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Saba Capital Management held 110 positions worth $1.02B, down 8.5% from $1.12B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Saba Capital Management withdrew a net $141M in Q3 2016, closing 15 positions and reducing 41 holdings. Its most notable exit was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $36M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 2.7% of assets, up from 1.5% a quarter earlier, followed by Financials and Energy.
Against the trend, Saba Capital Management opened a new position in General American Investors Company worth $7.49M.
- Saba Capital Management's largest Q3 2016 buy was General American Investors Company: 229,412 shares worth $7.49M.
- Saba Capital Management added most to FIRST TRUST HIGH INCOME LONG/SHORT FUND in Q3 2016, an estimated $18.4M increase.
- Saba Capital Management's biggest Q3 2016 reduction was Deutsche High Income Trust, cutting an estimated $6.36M.
- Saba Capital Management fully exited PIMCO Dynamic Credit and Mortgage Income Fund in Q3 2016, selling an estimated $36M.
- Saba Capital Management's ten largest holdings make up 48% of its $1.02B portfolio in Q3 2016.
- Saba Capital Management opened 13 new positions and closed 15 in Q3 2016.
- Saba Capital Management's portfolio value fell 8.5% quarter-over-quarter to $1.02B.
Based on Saba Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.