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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
+0.03%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$987M
AUM Growth
-$116M
Cap. Flow
+$360M
Cap. Flow %
36.5%
Top 10 Hldgs %
49.24%
Holding
120
New
18
Increased
21
Reduced
39
Closed
13

Top Buys

Rank Stock Value
1
ORIG
Ocean Rig UDW Inc. Class A Common Shares
ORIG
+$528M
2
TEI
Templeton Emerging Markets Income Fund
TEI
+$20.7M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$18.7M
4
AAPL icon
Apple
AAPL
+$18M
5
DEX
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
+$6.15M

Top Sells

Rank Stock Value
1
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$75.4M
2
ERC
Allspring Multi-Sector Income Fund
ERC
+$29.8M
3
AVK
Advent Convertible and Income Fund
AVK
+$25.2M
4
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$17.9M
5
HTZ
Hertz Global Holdings, Inc.
HTZ
+$15.8M

Sector Composition

Rank Sector Weight
1 Healthcare 6.78%
2 Financials 2.29%
3 Energy 1.9%
4 Technology 1.89%
5 Materials 1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSU icon
1
BlackRock Debt Strategies Fund
DSU
$591M
$94.7M 9.6%
8,118,988
– –
GLO
2
Clough Global Opportunities Fund
GLO
$249M
$82.4M 8.35%
7,379,266
– –
AOD
3
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
$76.1M 7.71%
8,459,011
+2,127,814
+34% +$18.7M
VXX
4
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$39.2M 3.97%
+1,000,000
New +$46.4M
GAM
5
General American Investors Company
GAM
$1.54B
$37.7M 3.82%
1,046,226
-95,106
-8% -$3.32M
GLQ
6
Clough Global Equity Fund
GLQ
$154M
$33.8M 3.42%
2,546,667
– –
CYH icon
7
Community Health Systems
CYH
$385M
$27.7M 2.81%
3,609,802
+58,419
+2% +$455K
MBI icon
8
PUT
MBIA
MBI
$288M
$27.2M 2.76%
+3,011,200
New +$30.2M
AAL icon
9
PUT
American Airlines Group
AAL
$9.58B
$26.1M 2.65%
550,000
– –
TEI
10
Templeton Emerging Markets Income Fund
TEI
$310M
$25.5M 2.58%
2,200,436
+1,816,667
+473% +$20.7M
GLV
11
Clough Global Dividend & Income Fund
GLV
$78.4M
$25.2M 2.56%
1,815,964
+5
+0% +$69
BHC icon
12
Bausch Health
BHC
$1.65B
$19.3M 1.96%
1,349,059
-273,629
-17% -$4.14M
DEX
13
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$18.7M 1.9%
1,579,736
+532,393
+51% +$6.15M
DHG
14
DELISTED
Deutsche High Incm Opportunities
DHG
$18.4M 1.86%
1,214,607
-513,746
-30% -$7.7M
AAPL icon
15
Apple
AAPL
$4.89T
$17.9M 1.81%
+464,124
New +$18M
TSLA icon
16
PUT
Tesla
TSLA
$1.24T
$17.8M 1.8%
781,500
-718,500
-48% -$16.6M
CIK
17
Credit Suisse Asset Management Income Fund
CIK
$133M
$17.5M 1.77%
5,149,894
-795,314
-13% -$2.68M
AVK
18
Advent Convertible and Income Fund
AVK
$544M
$17.4M 1.76%
1,099,216
-1,596,997
-59% -$25.2M
THC icon
19
Tenet Healthcare
THC
$20.1B
$16.9M 1.71%
1,025,976
+215,714
+27% +$3.66M
AGC
20
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$16.8M 1.71%
2,698,183
-2,494,597
-48% -$15.5M
MSD
21
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$16.7M 1.69%
1,659,833
+285,484
+21% +$2.88M
APC
22
PUT
DELISTED
Anadarko Petroleum
APC
$14.8M 1.5%
302,100
– –
ERC
23
Allspring Multi-Sector Income Fund
ERC
$255M
$14.7M 1.49%
1,095,122
-2,231,566
-67% -$29.8M
EOD
24
Allspring Global Dividend Opportunity Fund
EOD
$276M
$14.3M 1.45%
2,284,032
-910,801
-29% -$5.72M
GNW icon
25
Genworth Financial
GNW
$3.8B
$13.7M 1.39%
3,571,234
-122,173
-3% -$436K
1
2 3 4 5

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ACM
Advent Capital Management New York $3.63B AUM 0.29% 1-Year Est. Return
WB
WesBanco Bank Wheeling, West Virginia $3.61B AUM 24.09% 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

Saba Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Saba Capital Management held 120 positions worth $987M, down 11% from $1.1B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Saba Capital Management deployed $360M of net new capital in Q3 2017, opening 18 new positions and adding to 21 existing holdings. Its largest new stake was Ocean Rig UDW Inc. Class A Common Shares: 361,420 shares worth $8.59M.

By sector, the portfolio is most concentrated in Healthcare at 6.8% of assets, down from 7.2% a quarter earlier, followed by Financials and Energy.

On the sell side, the largest reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $75.4M trimmed.

  • Saba Capital Management's largest Q3 2017 buy was Ocean Rig UDW Inc. Class A Common Shares: 361,420 shares worth $8.59M.
  • Saba Capital Management added most to Templeton Emerging Markets Income Fund in Q3 2017, an estimated $20.7M increase.
  • Saba Capital Management's biggest Q3 2017 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $75.4M.
  • Saba Capital Management fully exited Franklin Limited Duration Income Trust in Q3 2017, selling an estimated $3.35M.
  • Saba Capital Management's ten largest holdings make up 49% of its $987M portfolio in Q3 2017.
  • Saba Capital Management opened 18 new positions and closed 13 in Q3 2017.
  • Saba Capital Management's portfolio value fell 11% quarter-over-quarter to $987M.

Based on Saba Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.