We are live on ! Find out more
SCM

Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
+4.65%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.02B
AUM Growth
-$94.5M
Cap. Flow
-$141M
Cap. Flow %
-13.81%
Top 10 Hldgs %
48.19%
Holding
110
New
13
Increased
21
Reduced
41
Closed
15

Top Buys

Rank Stock Value
1
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$18.4M
2
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
+$10.8M
3
GAM
General American Investors Company
GAM
+$7.45M
4
CYH icon
Community Health Systems
CYH
+$7.16M
5
USA icon
Liberty All-Star Equity Fund
USA
+$6.47M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$36M
2
RSX
VanEck Russia ETF
RSX
+$14.4M
3
KHI
Deutsche High Income Trust
KHI
+$6.36M
4
MHY
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
+$6.29M
5
GDF
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
+$6.17M

Sector Composition

Rank Sector Weight
1 Healthcare 2.68%
2 Financials 0.78%
3 Energy 0.56%
4 Technology 0.34%
5 Consumer Discretionary 0.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSU icon
1
BlackRock Debt Strategies Fund
DSU
$591M
$88.5M 8.65%
8,084,456
+168,792
+2% +$1.84M
ERC
2
Allspring Multi-Sector Income Fund
ERC
$254M
$74.4M 7.27%
5,736,527
+165,658
+3% +$2.14M
FTF
3
Franklin Limited Duration Income Trust
FTF
$232M
$48.8M 4.76%
4,032,541
+76
+0% +$902
GAP
4
PUT
The Gap Inc
GAP
$7.34B
$47.9M 4.68%
2,153,700
-1,434,800
-40% -$34.6M
FSD
5
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$47.2M 4.61%
3,025,790
+1,195,886
+65% +$18.4M
WDC icon
6
PUT
Western Digital
WDC
$184B
$45.4M 4.43%
1,027,045
+25,534
+3% +$962K
BGB
7
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$44.4M 4.34%
2,976,577
+386,046
+15% +$5.71M
AVK
8
Advent Convertible and Income Fund
AVK
$543M
$35.5M 3.47%
2,500,278
+196,554
+9% +$2.8M
QEP
9
PUT
DELISTED
QEP RESOURCES, INC.
QEP
$32.7M 3.2%
1,675,400
+4,200
+0.3% +$77.4K
DHG
10
DELISTED
Deutsche High Incm Opportunities
DHG
$28.6M 2.8%
2,023,745
+6,710
+0.3% +$94.4K
AGC
11
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$26.6M 2.6%
4,631,132
+788,843
+21% +$4.53M
MCR
12
DELISTED
MFS Charter Income Trust
MCR
$25.4M 2.48%
2,938,201
-217,030
-7% -$1.87M
EMD
13
DELISTED
Western Asset Emerging Markets
EMD
$23M 2.25%
1,997,533
-265,613
-12% -$3.05M
CNQ icon
14
PUT
Canadian Natural Resources
CNQ
$98.6B
$22M 2.15%
1,402,037
– –
PPT
15
Franklin Premier Income Trust
PPT
$323M
$22M 2.15%
4,495,713
-745,053
-14% -$3.59M
FXI icon
16
iShares China Large-Cap ETF
FXI
$4.37B
$19.3M 1.89%
507,924
-131,940
-21% -$4.84M
APC
17
PUT
DELISTED
Anadarko Petroleum
APC
$19.1M 1.87%
302,100
+7,800
+3% +$435K
RIG icon
18
PUT
Transocean
RIG
$5.62B
$18.9M 1.85%
1,776,100
-1,874,100
-51% -$19.8M
BWG
19
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$18.6M 1.82%
1,370,696
+801,524
+141% +$10.8M
CIK
20
Credit Suisse Asset Management Income Fund
CIK
$134M
$18.6M 1.81%
5,909,177
– –
MMT
21
Aberdeen Multi-Market Income Fund
MMT
$237M
$17.9M 1.74%
2,933,214
-351,231
-11% -$2.16M
MBI icon
22
PUT
MBIA
MBI
$274M
$17.8M 1.74%
2,289,100
+38,000
+2% +$299K
BGX
23
Blackstone Long-Short Credit Income Fund
BGX
$136M
$17.4M 1.7%
1,120,205
-3,272
-0.3% -$49.2K
KMM
24
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$16.8M 1.64%
1,960,714
-113,452
-5% -$967K
NFJ
25
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$16.3M 1.59%
1,290,469
+500,064
+63% +$6.34M
1
2 3 4 5

Similar funds

ACM
Advent Capital Management New York $3.63B AUM 0.29% 1-Year Est. Return
GCM
Ghisallo Capital Management Boston, Massachusetts $3.63B AUM 30.51% 1-Year Est. Return
VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
SL
Siren LLC Greenwich, Connecticut $3.61B AUM 203.3% 1-Year Est. Return
JFG
JMG Financial Group Downers Grove, Illinois $3.63B AUM 17.91% 1-Year Est. Return
U
Uber San Francisco, California $3.6B AUM 19.81% 1-Year Est. Return
SPC
Sigma Planning Corp Ann Arbor, Michigan $3.6B AUM 24.57% 1-Year Est. Return
OCM
One Capital Management Westlake Village, California $3.65B AUM 15.32% 1-Year Est. Return

Saba Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Saba Capital Management held 110 positions worth $1.02B, down 8.5% from $1.12B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management withdrew a net $141M in Q3 2016, closing 15 positions and reducing 41 holdings. Its most notable exit was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $36M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 2.7% of assets, up from 1.5% a quarter earlier, followed by Financials and Energy.

Against the trend, Saba Capital Management opened a new position in General American Investors Company worth $7.49M.

  • Saba Capital Management's largest Q3 2016 buy was General American Investors Company: 229,412 shares worth $7.49M.
  • Saba Capital Management added most to FIRST TRUST HIGH INCOME LONG/SHORT FUND in Q3 2016, an estimated $18.4M increase.
  • Saba Capital Management's biggest Q3 2016 reduction was Deutsche High Income Trust, cutting an estimated $6.36M.
  • Saba Capital Management fully exited PIMCO Dynamic Credit and Mortgage Income Fund in Q3 2016, selling an estimated $36M.
  • Saba Capital Management's ten largest holdings make up 48% of its $1.02B portfolio in Q3 2016.
  • Saba Capital Management opened 13 new positions and closed 15 in Q3 2016.
  • Saba Capital Management's portfolio value fell 8.5% quarter-over-quarter to $1.02B.

Based on Saba Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.