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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
-0.58%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.05B
AUM Growth
-$227M
(-18%)
Cap. Flow
-$168M
Cap. Flow
% of AUM
-16%
Top 10 Holdings %
Top 10 Hldgs %
43.29%
Holding
121
New
16
Increased
31
Reduced
34
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RSX
VanEck Russia ETF
RSX
|
+$19.9M |
| 2 |
ERC
Allspring Multi-Sector Income Fund
ERC
|
+$16M |
| 3 |
EVG
Eaton Vance Short Duration Diversified Income Fund
EVG
|
+$13M |
| 4 |
FTF
Franklin Limited Duration Income Trust
FTF
|
+$12.2M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$5.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BlackRock Corporate High Yield Fund
HYT
|
+$12.6M |
| 2 |
Nuveen Mortgage and Income Fund
JLS
|
+$6.79M |
| 3 |
VRE
Veris Residential
VRE
|
+$4.92M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$4.45M |
| 5 |
JHP
NUVEEN QUALITY PREFERRED INCOME FUND 3
JHP
|
+$3.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 0.56% |
| 2 | Energy | 0.49% |
| 3 | Consumer Discretionary | 0.39% |
| 4 | Real Estate | 0.35% |
| 5 | Financials | 0.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
X
1
PUT
DELISTED
US Steel
X
| $63M | 6% |
7,888,700
-415,000
| -5% | -$4.08M |
|
2
BlackRock Debt Strategies Fund
DSU
$591M
| $57M | 5.43% |
5,636,288
+116,839
| +2% | +$1.18M |
|
3
PUT
Lumen
LUMN
$6.53B
| $53.3M | 5.08% |
2,117,600
-955,600
| -31% | -$25.6M |
|
|
4
BlackRock Corporate High Yield Fund
HYT
$1.36B
| $48.5M | 4.62% |
4,957,128
-1,253,064
| -20% | -$12.6M |
|
5
PUT
Transocean
RIG
$5.92B
| $48.1M | 4.58% |
3,883,900
+971,200
| +33% | +$14M |
|
|
FTR
6
PUT
DELISTED
Frontier Communications Corp.
FTR
| $44.5M | 4.24% |
634,573
-89,067
| -12% | -$6.62M |
|
|
ERC
7
Allspring Multi-Sector Income Fund
ERC
$255M
| $41.3M | 3.93% |
3,644,198
+1,384,714
| +61% | +$16M |
|
|
APC
8
PUT
DELISTED
Anadarko Petroleum
APC
| $33.8M | 3.22% |
+695,200
| New | +$42.6M |
|
|
BGB
9
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
| $33.4M | 3.19% |
2,500,662
-102,342
| -4% | -$1.44M |
|
|
PCI
10
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $31.4M | 3% |
1,742,993
-169,606
| -9% | -$3.13M |
|
|
PPT
11
Franklin Premier Income Trust
PPT
$323M
| $29.6M | 2.83% |
5,989,125
+605,110
| +11% | +$3M |
|
12
PUT
Devon Energy
DVN
$51.9B
| $27.3M | 2.6% |
+853,600
| New | +$35M |
|
|
FTF
13
Franklin Limited Duration Income Trust
FTF
$233M
| $26M | 2.48% |
2,426,544
+1,113,731
| +85% | +$12.2M |
|
|
DHG
14
DELISTED
Deutsche High Incm Opportunities
DHG
| $24.5M | 2.34% |
1,878,803
+58,144
| +3% | +$774K |
|
|
RDC
15
PUT
DELISTED
Rowan Companies Plc
RDC
| $22.7M | 2.16% |
1,338,600
+525,800
| +65% | +$10.1M |
|
16
iShares China Large-Cap ETF
FXI
$4.31B
| $22.6M | 2.15% |
639,864
| – | – |
|
17
PUT
Freeport-McMoran
FCX
$90B
| $22.5M | 2.14% |
3,322,300
+149,100
| +5% | +$1.42M |
|
18
BlackRock Multi-Sector Income Trust
BIT
$696M
| $21.5M | 2.05% |
1,357,459
+92,524
| +7% | +$1.47M |
|
19
PUT
Beazer Homes USA
BZH
$907M
| $20.6M | 1.97% |
1,794,100
-167,400
| -9% | -$2.29M |
|
|
RSX
20
DELISTED
VanEck Russia ETF
RSX
| $17.8M | 1.7% |
+1,215,200
| New | +$19.9M |
|
|
MHY
21
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
| $17.7M | 1.69% |
3,913,240
-499,684
| -11% | -$2.27M |
|
|
KHI
22
DELISTED
Deutsche High Income Trust
KHI
| $17.4M | 1.66% |
2,188,791
+319,368
| +17% | +$2.56M |
|
|
HYI
23
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
| $16.7M | 1.59% |
1,183,381
-174,843
| -13% | -$2.49M |
|
|
EDD
24
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$372M
| $16.7M | 1.59% |
2,450,870
-154,222
| -6% | -$1.12M |
|
|
HIO
25
Western Asset High Income Opportunity Fund
HIO
$335M
| $14.9M | 1.42% |
3,182,405
-334,442
| -10% | -$1.57M |
|
Similar funds
ACM
WB
GCM
VI
SL
JFG
U
SPC
Saba Capital Management's Q4 2015 Portfolio in Review
As of Q4 2015, Saba Capital Management held 121 positions worth $1.05B, down 18% from $1.28B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Saba Capital Management withdrew a net $168M in Q4 2015, closing 22 positions and reducing 34 holdings. Its most notable exit was Nuveen Mortgage and Income Fund, an estimated $6.79M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 0.56% of assets, up from 0.08% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Saba Capital Management opened a new position in VanEck Russia ETF worth $17.8M.
- Saba Capital Management's largest Q4 2015 buy was VanEck Russia ETF: 1,215,200 shares worth $17.8M.
- Saba Capital Management added most to Allspring Multi-Sector Income Fund in Q4 2015, an estimated $16M increase.
- Saba Capital Management's biggest Q4 2015 reduction was BlackRock Corporate High Yield Fund, cutting an estimated $12.6M.
- Saba Capital Management fully exited Nuveen Mortgage and Income Fund in Q4 2015, selling an estimated $6.79M.
- Saba Capital Management's ten largest holdings make up 43% of its $1.05B portfolio in Q4 2015.
- Saba Capital Management opened 16 new positions and closed 22 in Q4 2015.
- Saba Capital Management's portfolio value fell 18% quarter-over-quarter to $1.05B.
Based on Saba Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.