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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
+2.53%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.12B
AUM Growth
+$92.1M
Cap. Flow
+$48.7M
Cap. Flow %
4.36%
Top 10 Hldgs %
44.27%
Holding
115
New
9
Increased
29
Reduced
36
Closed
18

Top Buys

Rank Stock Value
1
AVK
Advent Convertible and Income Fund
AVK
+$15.2M
2
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$9.57M
3
MCR
MFS Charter Income Trust
MCR
+$9.02M
4
BHC icon
Bausch Health
BHC
+$8.59M
5
CYH icon
Community Health Systems
CYH
+$7.48M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$20.3M
2
HYF
MANAGED HIGH YLD PLUS FD INC
HYF
+$11.1M
3
GHI
GLOBAL HIGH INCOME FUND INC.
GHI
+$9.76M
4
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$9.35M
5
HYI
Western Asset High Yield Opportunity Fund Inc
HYI
+$7.03M

Sector Composition

Rank Sector Weight
1 Healthcare 1.53%
2 Financials 0.79%
3 Consumer Discretionary 0.5%
4 Energy 0.46%
5 Technology 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSU icon
1
BlackRock Debt Strategies Fund
DSU
$591M
$83.8M 7.5%
7,915,664
+94,052
+1% +$993K
GAP
2
PUT
The Gap Inc
GAP
$6.84B
$76.1M 6.81%
+3,588,500
New +$76.4M
ERC
3
Allspring Multi-Sector Income Fund
ERC
$255M
$70.5M 6.3%
5,570,869
+566,783
+11% +$7M
FTF
4
Franklin Limited Duration Income Trust
FTF
$233M
$46.8M 4.18%
4,032,465
+46,579
+1% +$537K
RIG icon
5
PUT
Transocean
RIG
$5.92B
$43.4M 3.88%
3,650,200
-1,166,500
-24% -$11.9M
BGB
6
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$37.3M 3.33%
2,590,531
-14,169
-0.5% -$200K
PCI
7
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$36M 3.22%
1,883,389
-1,107,656
-37% -$20.3M
WDC icon
8
PUT
Western Digital
WDC
$179B
$35.8M 3.2%
+1,001,511
New +$33M
HES
9
PUT
DELISTED
Hess
HES
$34.1M 3.04%
566,600
-156,500
-22% -$9.06M
AVK
10
Advent Convertible and Income Fund
AVK
$544M
$31.3M 2.8%
2,303,724
+1,140,324
+98% +$15.2M
MU icon
11
PUT
Micron Technology
MU
$1.04T
$29.5M 2.64%
+2,142,500
New +$24.3M
QEP
12
PUT
DELISTED
QEP RESOURCES, INC.
QEP
$29.5M 2.63%
1,671,200
+25,600
+2% +$442K
DHG
13
DELISTED
Deutsche High Incm Opportunities
DHG
$27.4M 2.45%
2,017,035
+34,974
+2% +$472K
FSD
14
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$27.1M 2.43%
1,829,904
+650,759
+55% +$9.57M
MCR
15
DELISTED
MFS Charter Income Trust
MCR
$26.7M 2.39%
3,155,231
+1,087,922
+53% +$9.02M
PPT
16
Franklin Premier Income Trust
PPT
$323M
$24.6M 2.2%
5,240,766
-584,357
-10% -$2.76M
EMD
17
DELISTED
Western Asset Emerging Markets
EMD
$24.5M 2.19%
2,263,146
+57,536
+3% +$604K
FXI icon
18
iShares China Large-Cap ETF
FXI
$4.31B
$21.9M 1.96%
639,864
– –
AGC
19
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$21.2M 1.9%
3,842,289
+351,114
+10% +$1.95M
CNQ icon
20
PUT
Canadian Natural Resources
CNQ
$96.9B
$21.2M 1.89%
1,402,037
+33,280
+2% +$470K
MMT
21
Aberdeen Multi-Market Income Fund
MMT
$237M
$19.9M 1.78%
3,284,445
-186,115
-5% -$1.1M
KHI
22
DELISTED
Deutsche High Income Trust
KHI
$19.6M 1.75%
2,232,588
– –
EDD
23
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$372M
$18.6M 1.66%
2,422,753
-28,117
-1% -$215K
CIK
24
Credit Suisse Asset Management Income Fund
CIK
$133M
$17.3M 1.55%
5,909,177
+348,052
+6% +$1.01M
KMM
25
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$16.9M 1.51%
2,074,166
-110,989
-5% -$904K
1
2 3 4 5

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WB
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GCM
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JFG
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SPC
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Saba Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Saba Capital Management held 115 positions worth $1.12B, up 9% from $1.03B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Saba Capital Management deployed $48.7M of net new capital in Q2 2016, opening 9 new positions and adding to 29 existing holdings. Its largest new stake was California Resources Corporation: 417,845 shares worth $5.1M.

By sector, the portfolio is most concentrated in Healthcare at 1.5% of assets, up from 0.6% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $20.3M trimmed.

  • Saba Capital Management's largest Q2 2016 buy was California Resources Corporation: 417,845 shares worth $5.1M.
  • Saba Capital Management added most to Advent Convertible and Income Fund in Q2 2016, an estimated $15.2M increase.
  • Saba Capital Management's biggest Q2 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $20.3M.
  • Saba Capital Management fully exited MANAGED HIGH YLD PLUS FD INC in Q2 2016, selling an estimated $11.1M.
  • Saba Capital Management's ten largest holdings make up 44% of its $1.12B portfolio in Q2 2016.
  • Saba Capital Management opened 9 new positions and closed 18 in Q2 2016.
  • Saba Capital Management's portfolio value rose 9% quarter-over-quarter to $1.12B.

Based on Saba Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.