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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
DSU icon
1
BlackRock Debt Strategies Fund
DSU
$591M
$81.4M 7.93%
7,821,612
+2,185,324
+39% +$21.7M
ERC
2
Allspring Multi-Sector Income Fund
ERC
$255M
$61.1M 5.96%
5,004,086
+1,359,888
+37% +$15.4M
PCI
3
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$52.2M 5.08%
2,991,045
+1,248,052
+72% +$21.6M
FTF
4
Franklin Limited Duration Income Trust
FTF
$233M
$45.2M 4.4%
3,985,886
+1,559,342
+64% +$16.8M
RIG icon
5
PUT
Transocean
RIG
$5.92B
$44M 4.29%
4,816,700
+932,800
+24% +$9.28M
HES
6
PUT
DELISTED
Hess
HES
$38.1M 3.71%
+723,100
New +$32M
BGB
7
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$35.5M 3.46%
2,604,700
+104,038
+4% +$1.34M
PPT
8
Franklin Premier Income Trust
PPT
$323M
$27.6M 2.69%
5,825,123
-164,002
-3% -$766K
DHG
9
DELISTED
Deutsche High Incm Opportunities
DHG
$26.4M 2.57%
1,982,061
+103,258
+5% +$1.32M
QEP
10
PUT
DELISTED
QEP RESOURCES, INC.
QEP
$23.2M 2.26%
+1,645,600
New +$19M
EMD
11
DELISTED
Western Asset Emerging Markets
EMD
$22.6M 2.21%
2,205,610
+767,033
+53% +$7.41M
FXI icon
12
iShares China Large-Cap ETF
FXI
$4.31B
$21.6M 2.11%
639,864
– –
BIT icon
13
BlackRock Multi-Sector Income Trust
BIT
$696M
$20.8M 2.03%
1,317,454
-40,005
-3% -$615K
MMT
14
Aberdeen Multi-Market Income Fund
MMT
$237M
$20.2M 1.97%
3,470,560
+2,112,995
+156% +$11.7M
NE
15
PUT
DELISTED
Noble Corporation
NE
$19.2M 1.87%
1,858,400
+944,100
+103% +$8.57M
MBI icon
16
PUT
MBIA
MBI
$288M
$19M 1.86%
+2,152,100
New +$15.7M
AGC
17
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$19M 1.85%
+3,491,175
New +$17.7M
KHI
18
DELISTED
Deutsche High Income Trust
KHI
$18.9M 1.84%
2,232,588
+43,797
+2% +$352K
EDD
19
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$372M
$18.7M 1.82%
2,450,870
– –
CNQ icon
20
PUT
Canadian Natural Resources
CNQ
$96.9B
$17.9M 1.74%
+1,368,757
New +$14.6M
KMM
21
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$17.3M 1.69%
2,185,155
+442,126
+25% +$3.36M
FSD
22
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$17.2M 1.68%
1,179,145
+901,315
+324% +$12.5M
RSX
23
DELISTED
VanEck Russia ETF
RSX
$16.9M 1.64%
1,030,420
-184,780
-15% -$2.68M
MCR
24
DELISTED
MFS Charter Income Trust
MCR
$16.8M 1.64%
2,067,309
+977,867
+90% +$7.62M
BGX
25
Blackstone Long-Short Credit Income Fund
BGX
$135M
$16.2M 1.58%
1,189,071
+542,981
+84% +$7.01M
1
2 3 4 5

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WB
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GCM
Ghisallo Capital Management Boston, Massachusetts $3.63B AUM 30.51% 1-Year Est. Return
VI
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SL
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JFG
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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.