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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
-2.78%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$984M
AUM Growth
-$40.1M
(-3.9%)
Cap. Flow
-$46M
Cap. Flow
% of AUM
-4.68%
Top 10 Holdings %
Top 10 Hldgs %
48.71%
Holding
114
New
17
Increased
26
Reduced
25
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$32.2M |
| 2 |
AOD
abrdn Total Dynamic Dividend Fund
AOD
|
+$26.4M |
| 3 |
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
|
+$24.7M |
| 4 |
GLQ
Clough Global Equity Fund
GLQ
|
+$21.3M |
| 5 |
EMD
Western Asset Emerging Markets Debt Fund
EMD
|
+$19.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMD
Western Asset Emerging Markets
EMD
|
+$23M |
| 2 |
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
|
+$21.6M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$19.3M |
| 4 |
BGX
Blackstone Long-Short Credit Income Fund
BGX
|
+$15.1M |
| 5 |
KHI
Deutsche High Income Trust
KHI
|
+$14.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 6.99% |
| 2 | Financials | 1.53% |
| 3 | Consumer Discretionary | 0.59% |
| 4 | Industrials | 0.2% |
| 5 | Consumer Staples | 0.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Western Digital
WDC
$179B
| – | – |
-49,877
| Closed | -$2.2M |
|
|
102
PUT
Western Digital
WDC
$179B
| – | – |
-1,027,045
| Closed | -$45.4M |
|
|
QEP
103
DELISTED
QEP RESOURCES, INC.
QEP
| – | – |
-25,000
| Closed | -$488K |
|
|
QEP
104
PUT
DELISTED
QEP RESOURCES, INC.
QEP
| – | – |
-1,675,400
| Closed | -$32.7M |
|
|
NE
105
DELISTED
Noble Corporation
NE
| – | – |
-32,253
| Closed | -$204K |
|
|
SDRL
106
DELISTED
Seadrill Limited Common Stock
SDRL
| – | – |
-728
| Closed | -$533K |
|
|
SBW
107
DELISTED
Western Asset Worldwide Income
SBW
| – | – |
-256,714
| Closed | -$2.98M |
|
|
CRC
108
DELISTED
California Resources Corporation
CRC
| – | – |
-417,845
| Closed | -$5.22M |
|
|
KHI
109
DELISTED
Deutsche High Income Trust
KHI
| – | – |
-1,533,817
| Closed | -$14.1M |
|
|
EMD
110
DELISTED
Western Asset Emerging Markets
EMD
| – | – |
-1,997,533
| Closed | -$23M |
|
|
JGV
111
DELISTED
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
| – | – |
-17,700
| Closed | -$211K |
|
|
BOI
112
DELISTED
Brookfield Mtge Opportunity Fd
BOI
| – | – |
-52,239
| Closed | -$784K |
|
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Saba Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Saba Capital Management held 114 positions worth $984M, down 3.9% from $1.02B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Saba Capital Management withdrew a net $46M in Q4 2016, closing 20 positions and reducing 25 holdings. Its most notable exit was Western Asset Emerging Markets, an estimated $23M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 7% of assets, up from 2.7% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Saba Capital Management opened a new position in Allergan plc worth $32.7M.
- Saba Capital Management's largest Q4 2016 buy was Allergan plc: 155,521 shares worth $32.7M.
- Saba Capital Management added most to abrdn Total Dynamic Dividend Fund in Q4 2016, an estimated $26.4M increase.
- Saba Capital Management's biggest Q4 2016 reduction was Blackstone Strategic Credit 2027 Term Fund, cutting an estimated $21.6M.
- Saba Capital Management fully exited Western Asset Emerging Markets in Q4 2016, selling an estimated $23M.
- Saba Capital Management's ten largest holdings make up 49% of its $984M portfolio in Q4 2016.
- Saba Capital Management opened 17 new positions and closed 20 in Q4 2016.
- Saba Capital Management's portfolio value fell 3.9% quarter-over-quarter to $984M.
Based on Saba Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.