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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
-9.89%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.28B
AUM Growth
+$277M
(+28%)
Cap. Flow
+$495M
Cap. Flow
% of AUM
38.81%
Top 10 Holdings %
Top 10 Hldgs %
48.72%
Holding
146
New
23
Increased
40
Reduced
31
Closed
41
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares China Large-Cap ETF
FXI
|
+$24.9M |
| 2 |
PPT
Franklin Premier Income Trust
PPT
|
+$16.9M |
| 3 |
ERC
Allspring Multi-Sector Income Fund
ERC
|
+$6.23M |
| 4 |
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
|
+$4.88M |
| 5 |
DHG
Deutsche High Incm Opportunities
DHG
|
+$4.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$17.7M |
| 2 |
Vanguard Total Bond Market
BND
|
+$8.63M |
| 3 |
Nuveen Mortgage and Income Fund
JLS
|
+$8.51M |
| 4 |
CNX Resources
CNX
|
+$6.98M |
| 5 |
GHI
GLOBAL HIGH INCOME FUND INC.
GHI
|
+$6.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 0.7% |
| 2 | Energy | 0.52% |
| 3 | Consumer Discretionary | 0.31% |
| 4 | Financials | 0.21% |
| 5 | Materials | 0.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $124M | 9.68% |
+1,000,000
| New | +$121M |
|
|
X
2
PUT
DELISTED
US Steel
X
| $86.5M | 6.78% |
8,303,700
+5,152,300
| +163% | +$86.1M |
|
3
PUT
Lumen
LUMN
$6.53B
| $77.2M | 6.05% |
3,073,200
+2,276,800
| +286% | +$63M |
|
4
BlackRock Corporate High Yield Fund
HYT
$1.36B
| $61.3M | 4.8% |
6,210,192
-120,718
| -2% | -$1.25M |
|
5
PUT
Petrobras
PBR
$121B
| $56.8M | 4.45% |
13,063,300
+11,966,800
| +1,091% | +$73M |
|
6
BlackRock Debt Strategies Fund
DSU
$591M
| $55.3M | 4.33% |
5,519,449
+16,263
| +0.3% | +$172K |
|
|
FTR
7
PUT
DELISTED
Frontier Communications Corp.
FTR
| $51.6M | 4.04% |
723,640
+291,533
| +67% | +$22.1M |
|
8
PUT
Transocean
RIG
$5.92B
| $37.6M | 2.95% |
2,912,700
-387,700
| -12% | -$5.38M |
|
|
BGB
9
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
| $37M | 2.9% |
2,603,004
+206,147
| +9% | +$3.12M |
|
|
PCI
10
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $34.9M | 2.74% |
1,912,599
+253,584
| +15% | +$4.88M |
|
11
PUT
Freeport-McMoran
FCX
$90B
| $30.7M | 2.41% |
+3,173,200
| New | +$38.1M |
|
12
CALL
General Motors
GM
$74.7B
| $30M | 2.35% |
1,000,000
| – | – |
|
|
PPT
13
Franklin Premier Income Trust
PPT
$323M
| $26.3M | 2.06% |
5,384,015
+3,377,582
| +168% | +$16.9M |
|
14
PUT
Beazer Homes USA
BZH
$907M
| $26.1M | 2.05% |
+1,961,500
| New | +$34.2M |
|
|
ERC
15
Allspring Multi-Sector Income Fund
ERC
$255M
| $25.6M | 2.01% |
2,259,484
+513,589
| +29% | +$6.23M |
|
16
PUT
KB Home
KBH
$3.48B
| $25.5M | 2% |
+1,879,100
| New | +$28.7M |
|
|
DHG
17
DELISTED
Deutsche High Incm Opportunities
DHG
| $23.9M | 1.88% |
1,820,659
+336,065
| +23% | +$4.69M |
|
|
WFT
18
PUT
DELISTED
Weatherford International plc
WFT
| $23.1M | 1.81% |
+2,719,800
| New | +$27.5M |
|
|
19
iShares China Large-Cap ETF
FXI
$4.31B
| $22.7M | 1.78% |
+639,864
| New | +$24.9M |
|
20
BlackRock Multi-Sector Income Trust
BIT
$696M
| $19.9M | 1.56% |
1,264,935
-19,681
| -2% | -$321K |
|
|
MHY
21
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
| $19.7M | 1.55% |
4,412,924
+32,219
| +0.7% | +$151K |
|
|
HYI
22
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
| $19M | 1.49% |
1,358,224
+42,096
| +3% | +$618K |
|
|
EDD
23
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$372M
| $17.9M | 1.4% |
2,605,092
-276,664
| -10% | -$2.16M |
|
|
HIO
24
Western Asset High Income Opportunity Fund
HIO
$335M
| $16.5M | 1.29% |
3,516,847
+251,978
| +8% | +$1.23M |
|
|
25
CALL
Lumen
LUMN
$6.53B
| $15.5M | 1.22% |
+619,000
| New | +$17.1M |
|
Similar funds
ACM
WB
GCM
VI
SL
JFG
U
SPC
Saba Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Saba Capital Management held 146 positions worth $1.28B, up 28% from $999M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Saba Capital Management deployed $495M of net new capital in Q3 2015, opening 23 new positions and adding to 40 existing holdings. Its largest new stake was iShares China Large-Cap ETF: 639,864 shares worth $22.7M.
By sector, the portfolio is most concentrated in Real Estate at 0.7% of assets, down from 0.97% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $17.7M trimmed.
- Saba Capital Management's largest Q3 2015 buy was iShares China Large-Cap ETF: 639,864 shares worth $22.7M.
- Saba Capital Management added most to Franklin Premier Income Trust in Q3 2015, an estimated $16.9M increase.
- Saba Capital Management's biggest Q3 2015 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $17.7M.
- Saba Capital Management fully exited Vanguard Total Bond Market in Q3 2015, selling an estimated $8.63M.
- Saba Capital Management's ten largest holdings make up 49% of its $1.28B portfolio in Q3 2015.
- Saba Capital Management opened 23 new positions and closed 41 in Q3 2015.
- Saba Capital Management's portfolio value rose 28% quarter-over-quarter to $1.28B.
Based on Saba Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.