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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
+0.03%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$987M
AUM Growth
-$116M
Cap. Flow
+$360M
Cap. Flow %
36.5%
Top 10 Hldgs %
49.24%
Holding
120
New
18
Increased
21
Reduced
39
Closed
13

Top Buys

Rank Stock Value
1
ORIG
Ocean Rig UDW Inc. Class A Common Shares
ORIG
+$528M
2
TEI
Templeton Emerging Markets Income Fund
TEI
+$20.7M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$18.7M
4
AAPL icon
Apple
AAPL
+$18M
5
DEX
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
+$6.15M

Top Sells

Rank Stock Value
1
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$75.4M
2
ERC
Allspring Multi-Sector Income Fund
ERC
+$29.8M
3
AVK
Advent Convertible and Income Fund
AVK
+$25.2M
4
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$17.9M
5
HTZ
Hertz Global Holdings, Inc.
HTZ
+$15.8M

Sector Composition

Rank Sector Weight
1 Healthcare 6.78%
2 Financials 2.29%
3 Energy 1.9%
4 Technology 1.89%
5 Materials 1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RDN icon
101
PUT
Radian Group
RDN
$5.14B
$42K ﹤0.01%
119,300
– –
CYHHZ
102
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$9K ﹤0.01%
795,108
– –
BOE icon
103
BlackRock Enhanced Global Dividend Trust
BOE
$662M
– –
-54,728
Closed -$725K
FTF
104
Franklin Limited Duration Income Trust
FTF
$233M
– –
-283,039
Closed -$3.35M
HYG icon
105
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
– –
-11,300
Closed -$999K
IGD
106
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$503M
– –
-14,560
Closed -$110K
JGH icon
107
Nuveen Global High Income Fund
JGH
$348M
– –
-22,704
Closed -$383K
NRO
108
Neuberger Real Estate Securities Income Fund Inc
NRO
$194M
– –
-56,343
Closed -$290K
MVC
109
DELISTED
MVC Capital, Inc.
MVC
– –
-18,000
Closed -$177K
PKD
110
DELISTED
Parker Drilling Company
PKD
– –
-28,722
Closed -$582K
SHLD
111
DELISTED
Sears Holding Corporation
SHLD
– –
-124,325
Closed -$1.1M
BONT
112
DELISTED
Bon-Ton Stores Inc/The
BONT
– –
-30,005
Closed -$13K
LBF
113
DELISTED
Deutsche Global High Incm Fund
LBF
– –
-377,197
Closed -$3.29M
DYN.WS
114
DELISTED
Dynegy Inc,
DYN.WS
– –
-1,394,423
Closed -$95K
PHF
115
DELISTED
Pacholder High Yield
PHF
– –
-203,224
Closed -$1.62M
1 2 3 4
5

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GCM
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VI
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JFG
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SPC
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Saba Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Saba Capital Management held 120 positions worth $987M, down 11% from $1.1B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Saba Capital Management deployed $360M of net new capital in Q3 2017, opening 18 new positions and adding to 21 existing holdings. Its largest new stake was Ocean Rig UDW Inc. Class A Common Shares: 361,420 shares worth $8.59M.

By sector, the portfolio is most concentrated in Healthcare at 6.8% of assets, down from 7.2% a quarter earlier, followed by Financials and Energy.

On the sell side, the largest reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $75.4M trimmed.

  • Saba Capital Management's largest Q3 2017 buy was Ocean Rig UDW Inc. Class A Common Shares: 361,420 shares worth $8.59M.
  • Saba Capital Management added most to Templeton Emerging Markets Income Fund in Q3 2017, an estimated $20.7M increase.
  • Saba Capital Management's biggest Q3 2017 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $75.4M.
  • Saba Capital Management fully exited Franklin Limited Duration Income Trust in Q3 2017, selling an estimated $3.35M.
  • Saba Capital Management's ten largest holdings make up 49% of its $987M portfolio in Q3 2017.
  • Saba Capital Management opened 18 new positions and closed 13 in Q3 2017.
  • Saba Capital Management's portfolio value fell 11% quarter-over-quarter to $987M.

Based on Saba Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.