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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
-0.77%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.61B
AUM Growth
-$195M
Cap. Flow
-$171M
Cap. Flow %
-10.65%
Top 10 Hldgs %
55.17%
Holding
142
New
11
Increased
33
Reduced
30
Closed
48

Top Buys

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$23.8M
2
HIX
Western Asset High Income Fund II
HIX
+$17.1M
3
EAD
Allspring Income Opportunities Fund
EAD
+$13.5M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$12.6M
5
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$12M

Top Sells

Rank Stock Value
1
DSU icon
BlackRock Debt Strategies Fund
DSU
+$33.1M
2
ORCL icon
Oracle
ORCL
+$19.5M
3
CIK
Credit Suisse Asset Management Income Fund
CIK
+$15.8M
4
THC icon
Tenet Healthcare
THC
+$14.9M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$10.2M

Sector Composition

Rank Sector Weight
1 Technology 2.68%
2 Healthcare 1.7%
3 Financials 1.31%
4 Communication Services 0.88%
5 Energy 0.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNIT
126
PUT
Uniti Group
UNIT
$2.34B
– –
-882,500
Closed -$14.3M
VVR icon
127
Invesco Senior Income Trust
VVR
$459M
– –
-142,151
Closed -$625K
DDF
128
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
– –
-92,338
Closed -$974K
HPR
129
DELISTED
HighPoint Resources Corporation
HPR
– –
-3,755
Closed -$954K
GPOR
130
DELISTED
Gulfport Energy Corp.
GPOR
– –
-107,466
Closed -$1.04M
HTZ
131
DELISTED
Hertz Global Holdings, Inc.
HTZ
– –
-329,711
Closed -$5.69M
NE
132
DELISTED
Noble Corporation
NE
– –
-478,905
Closed -$1.78M
NEBUU
133
DELISTED
Nebula Acquisition Corporation Unit
NEBUU
– –
-352,698
Closed -$3.57M
JCP
134
DELISTED
J.C. Penney Company, Inc.
JCP
– –
-351,725
Closed -$1.06M
INB
135
DELISTED
Cohen & Steers Global Income Builder, Inc.
INB
– –
-15,725
Closed -$144K
DFBHU
136
DELISTED
DFB Healthcare Acquisitions Corp. Unit
DFBHU
– –
-369,000
Closed -$3.71M
PES
137
DELISTED
Pioneer Energy Services Corp.
PES
– –
-416,055
Closed -$1.12M
RDC
138
DELISTED
Rowan Companies Plc
RDC
– –
-89,778
Closed -$1.35M
SN
139
DELISTED
Sanchez Energy Corporation
SN
– –
-649,664
Closed -$2.03M
EGC
140
DELISTED
Energy XXI Gulf Coast, Inc. Common Stock
EGC
– –
-260,601
Closed -$1M
DYN
141
DELISTED
Dynegy, Inc.
DYN
– –
-235,011
Closed -$3.18M
FHY
142
DELISTED
First Trust Strategic High
FHY
– –
-230,732
Closed -$2.81M
2 3 4 5
6

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Saba Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Saba Capital Management held 142 positions worth $1.61B, down 11% from $1.8B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Saba Capital Management withdrew a net $171M in Q2 2018, closing 48 positions and reducing 30 holdings. Its most notable exit was Oracle, an estimated $19.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.7% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Saba Capital Management opened a new position in Texas Instruments worth $11.9M.

  • Saba Capital Management's largest Q2 2018 buy was Texas Instruments: 107,546 shares worth $11.9M.
  • Saba Capital Management added most to iShares 7-10 Year Treasury Bond ETF in Q2 2018, an estimated $23.8M increase.
  • Saba Capital Management's biggest Q2 2018 reduction was BlackRock Debt Strategies Fund, cutting an estimated $33.1M.
  • Saba Capital Management fully exited Oracle in Q2 2018, selling an estimated $19.5M.
  • Saba Capital Management's ten largest holdings make up 55% of its $1.61B portfolio in Q2 2018.
  • Saba Capital Management opened 11 new positions and closed 48 in Q2 2018.
  • Saba Capital Management's portfolio value fell 11% quarter-over-quarter to $1.61B.

Based on Saba Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.