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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
+2.25%
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
MTOR
126
DELISTED
MERITOR, Inc.
MTOR
– –
-15,295
Closed -$128K
NE
127
DELISTED
Noble Corporation
NE
– –
-86,249
Closed -$783K
RDC
128
PUT
DELISTED
Rowan Companies Plc
RDC
– –
-1,338,600
Closed -$22.7M
LINE
129
PUT
DELISTED
LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS
LINE
– –
-421,300
Closed -$543K
JHP
130
DELISTED
NUVEEN QUALITY PREFERRED INCOME FUND 3
JHP
– –
-57,494
Closed -$488K
OIBR.C
131
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
– –
-264,973
Closed -$808K
HTR
132
DELISTED
Brookfield Total Return Fund Inc
HTR
– –
-127,510
Closed -$2.8M
FTR
133
DELISTED
Frontier Communications Corp.
FTR
– –
-57,837
Closed -$4.21M
2 3 4 5
6

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WB
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GCM
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VI
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SL
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JFG
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U
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SPC
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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.