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Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
-2.78%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$984M
AUM Growth
-$40.1M
Cap. Flow
-$46M
Cap. Flow %
-4.68%
Top 10 Hldgs %
48.71%
Holding
114
New
17
Increased
26
Reduced
25
Closed
20

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$32.2M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$26.4M
3
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$24.7M
4
GLQ
Clough Global Equity Fund
GLQ
+$21.3M
5
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$19.4M

Top Sells

Rank Stock Value
1
EMD
Western Asset Emerging Markets
EMD
+$23M
2
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$21.6M
3
FXI icon
iShares China Large-Cap ETF
FXI
+$19.3M
4
BGX
Blackstone Long-Short Credit Income Fund
BGX
+$15.1M
5
KHI
Deutsche High Income Trust
KHI
+$14.1M

Sector Composition

Rank Sector Weight
1 Healthcare 6.99%
2 Financials 1.53%
3 Consumer Discretionary 0.59%
4 Industrials 0.2%
5 Consumer Staples 0.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSU icon
1
BlackRock Debt Strategies Fund
DSU
$591M
$92.1M 9.36%
8,118,988
+34,532
+0.4% +$378K
ERC
2
Allspring Multi-Sector Income Fund
ERC
$255M
$78.9M 8.02%
6,150,514
+413,987
+7% +$5.22M
FSD
3
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$74.1M 7.53%
4,608,556
+1,582,766
+52% +$24.7M
FTF
4
Franklin Limited Duration Income Trust
FTF
$233M
$48.6M 4.94%
4,032,571
+30
+0% +$359
AVK
5
Advent Convertible and Income Fund
AVK
$544M
$38M 3.86%
2,655,279
+155,001
+6% +$2.15M
AGN
6
DELISTED
Allergan plc
AGN
$32.7M 3.32%
+155,521
New +$32.2M
AGC
7
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$29.7M 3.02%
5,045,169
+414,037
+9% +$2.32M
DHG
8
DELISTED
Deutsche High Incm Opportunities
DHG
$29.2M 2.96%
2,023,745
– –
AGN
9
CALL
DELISTED
Allergan plc
AGN
$28.3M 2.88%
+134,900
New +$27.9M
AOD
10
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
$27.7M 2.82%
3,656,789
+3,551,050
+3,358% +$26.4M
EMD
11
Western Asset Emerging Markets Debt Fund
EMD
$609M
$26.2M 2.66%
1,781,493
+1,285,703
+259% +$19.4M
BGB
12
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$23.4M 2.38%
1,524,251
-1,452,326
-49% -$21.6M
GLQ
13
Clough Global Equity Fund
GLQ
$154M
$21.8M 2.21%
+1,960,479
New +$21.3M
TSLA icon
14
PUT
Tesla
TSLA
$1.24T
$21.4M 2.17%
+1,500,000
New +$19.7M
APC
15
PUT
DELISTED
Anadarko Petroleum
APC
$21.1M 2.14%
302,100
– –
GLV
16
Clough Global Dividend & Income Fund
GLV
$78.4M
$19.2M 1.95%
+1,596,881
New +$18.7M
CYH icon
17
Community Health Systems
CYH
$385M
$19M 1.94%
3,405,469
+2,080,294
+157% +$14.4M
CIK
18
Credit Suisse Asset Management Income Fund
CIK
$133M
$18.8M 1.91%
5,945,208
+36,031
+0.6% +$111K
SDRL
19
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
$17.7M 1.8%
19,387
-1,203
-6% -$880K
GLO
20
Clough Global Opportunities Fund
GLO
$249M
$17M 1.73%
1,904,876
+1,880,608
+7,749% +$17M
KMM
21
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$16.7M 1.7%
1,960,714
– –
BWG
22
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$16.3M 1.65%
1,374,096
+3,400
+0.2% +$41.8K
NFJ
23
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$16.2M 1.65%
1,287,419
-3,050
-0.2% -$38.2K
BHC icon
24
Bausch Health
BHC
$1.65B
$14.5M 1.47%
996,589
+549,238
+123% +$10.1M
EOD
25
Allspring Global Dividend Opportunity Fund
EOD
$276M
$14.1M 1.43%
+2,583,733
New +$14M
1
2 3 4 5

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WB
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GCM
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VI
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SL
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JFG
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SPC
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Saba Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Saba Capital Management held 114 positions worth $984M, down 3.9% from $1.02B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Saba Capital Management withdrew a net $46M in Q4 2016, closing 20 positions and reducing 25 holdings. Its most notable exit was Western Asset Emerging Markets, an estimated $23M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 7% of assets, up from 2.7% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in Allergan plc worth $32.7M.

  • Saba Capital Management's largest Q4 2016 buy was Allergan plc: 155,521 shares worth $32.7M.
  • Saba Capital Management added most to abrdn Total Dynamic Dividend Fund in Q4 2016, an estimated $26.4M increase.
  • Saba Capital Management's biggest Q4 2016 reduction was Blackstone Strategic Credit 2027 Term Fund, cutting an estimated $21.6M.
  • Saba Capital Management fully exited Western Asset Emerging Markets in Q4 2016, selling an estimated $23M.
  • Saba Capital Management's ten largest holdings make up 49% of its $984M portfolio in Q4 2016.
  • Saba Capital Management opened 17 new positions and closed 20 in Q4 2016.
  • Saba Capital Management's portfolio value fell 3.9% quarter-over-quarter to $984M.

Based on Saba Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.