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SCM

Saba Capital Management Portfolio holdings

AUM $3.9B
1-Year Est. Return 12.9%
This Fund
S&P 500
This Quarter Est. Return
-3.87%
1 Year Est. Return
+12.9%
3 Year Est. Return
+34.99%
5 Year Est. Return
+42.32%
10 Year Est. Return
+54.91%
AUM
$999M
AUM Growth
+$41.8M
Cap. Flow
-$41M
Cap. Flow %
-4.1%
Top 10 Hldgs %
43.46%
Holding
163
New
31
Increased
35
Reduced
47
Closed
40

Top Buys

Rank Stock Value
1
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$14.9M
2
DSU icon
BlackRock Debt Strategies Fund
DSU
+$11.7M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$10.7M
4
DHG
Deutsche High Incm Opportunities
DHG
+$6.44M
5
AWF
AllianceBernstein Global High Income Fund
AWF
+$5.13M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$25.3M
2
BND icon
Vanguard Total Bond Market
BND
+$21.2M
3
PPT
Franklin Premier Income Trust
PPT
+$13.1M
4
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$11.8M
5
TLM
TALISMAN ENERGY INC
TLM
+$11.3M

Sector Composition

Rank Sector Weight
1 Miscellaneous 88.72%
2 Financials 6.54%
3 Energy 1.22%
4 Real Estate 0.97%
5 Industrials 0.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VVR icon
151
Invesco Senior Income Trust
VVR
$456M
– –
-44,392
Closed -$210K
AFT
152
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
– –
-16,962
Closed -$303K
VTA
153
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
– –
-291,086
Closed -$3.48M
TLI
154
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
– –
-16,127
Closed -$180K
JCP
155
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
– –
-1,520,200
Closed -$12.8M
ICB
156
DELISTED
Morgan Stanley Income Sec. Inc
ICB
– –
-11,500
Closed -$207K
BSJG
157
DELISTED
Guggenheim BulletShares 2016 High Yield Corporate Bond ETF
BSJG
– –
-14,750
Closed -$389K
JTP
158
DELISTED
NUVEEN QUALITY PFD INCOME FD
JTP
– –
-102,930
Closed -$879K
BSJF
159
DELISTED
GUGGENGEIM BULLETSHARES 2015 HIGH YIELD CORPORATE BOND ETF
BSJF
– –
-26,335
Closed -$688K
TLM
160
DELISTED
TALISMAN ENERGY INC
TLM
– –
-1,468,244
Closed -$11.3M
HCF
161
DELISTED
NEXPOINT CREDIT STRATEGIES FUND
HCF
– –
-11,441
Closed -$139K
3 4 5 6
7

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CIP
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Saba Capital Management's Q2 2015 Portfolio in Review

As of Q2 2015, Saba Capital Management held 163 positions worth $999M, up 4.4% from $958M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Saba Capital Management withdrew a net $41M in Q2 2015, closing 40 positions and reducing 47 holdings. Its most notable exit was TALISMAN ENERGY INC, an estimated $11.3M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 89% of assets, up from 87% a quarter earlier, followed by Financials and Energy.

Against the trend, Saba Capital Management opened a new position in AllianceBernstein Global High Income Fund worth $4.99M.

  • Saba Capital Management's largest Q2 2015 buy was AllianceBernstein Global High Income Fund: 415,043 shares worth $4.99M.
  • Saba Capital Management added most to Blackstone Strategic Credit 2027 Term Fund in Q2 2015, an estimated $14.9M increase.
  • Saba Capital Management's biggest Q2 2015 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $25.3M.
  • Saba Capital Management fully exited TALISMAN ENERGY INC in Q2 2015, selling an estimated $11.3M.
  • Saba Capital Management's ten largest holdings make up 43% of its $999M portfolio in Q2 2015.
  • Saba Capital Management opened 31 new positions and closed 40 in Q2 2015.
  • Saba Capital Management's portfolio value rose 4.4% quarter-over-quarter to $999M.

Based on Saba Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.