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Saba Capital Management Portfolio holdings

AUM $3.9B
1-Year Est. Return 12.9%
This Fund
S&P 500
This Quarter Est. Return
-1.74%
1 Year Est. Return
+12.9%
3 Year Est. Return
+34.99%
5 Year Est. Return
+42.32%
10 Year Est. Return
+54.91%
AUM
$1.28B
AUM Growth
+$291M
Cap. Flow
-$105M
Cap. Flow %
-8.22%
Top 10 Hldgs %
45.99%
Holding
153
New
47
Increased
32
Reduced
34
Closed
17

Top Buys

Rank Stock Value
1
TEI
Templeton Emerging Markets Income Fund
TEI
+$29.8M
2
ORCL icon
Oracle
ORCL
+$16.2M
3
CYH icon
Community Health Systems
CYH
+$16.2M
4
HIO
Western Asset High Income Opportunity Fund
HIO
+$14.4M
5
EAD
Allspring Income Opportunities Fund
EAD
+$11.5M

Top Sells

Rank Stock Value
1
GLO
Clough Global Opportunities Fund
GLO
+$74.9M
2
GLQ
Clough Global Equity Fund
GLQ
+$30.8M
3
GLV
Clough Global Dividend & Income Fund
GLV
+$21.3M
4
BHC icon
Bausch Health
BHC
+$19.7M
5
AAPL icon
Apple
AAPL
+$17.9M

Sector Composition

Rank Sector Weight
1 Miscellaneous 84.26%
2 Technology 4.39%
3 Healthcare 4.07%
4 Financials 1.37%
5 Consumer Staples 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSU icon
1
BlackRock Debt Strategies Fund
DSU
$609M
$95M 7.43%
8,118,988
– –
CSCO icon
2
PUT
Cisco
CSCO
$431B
$89.2M 6.98%
+2,328,700
New +$83.2M
AOD
3
abrdn Total Dynamic Dividend Fund
AOD
$1.12B
$86.3M 6.75%
9,110,636
+651,625
+8% +$5.94M
TEI
4
Templeton Emerging Markets Income Fund
TEI
$317M
$53.5M 4.19%
4,788,902
+2,588,466
+118% +$29.8M
BHC icon
5
PUT
Bausch Health
BHC
$2.3B
$53.4M 4.18%
+2,570,500
New +$40.8M
ORCL icon
6
PUT
Oracle
ORCL
$466B
$48.6M 3.81%
+1,028,800
New +$50.5M
MBI icon
7
PUT
MBIA
MBI
$233M
$45.2M 3.53%
8,157,800
+5,146,600
+171% +$40M
ADI icon
8
PUT
Analog Devices
ADI
$177B
$39.6M 3.1%
+444,600
New +$39.4M
PBI icon
9
PUT
Pitney Bowes
PBI
$2.35B
$36.4M 2.85%
+3,255,000
New +$38.4M
TXN icon
10
PUT
Texas Instruments
TXN
$239B
$31.3M 2.45%
+300,000
New +$29.2M
TSLA icon
11
PUT
Tesla
TSLA
$1.45T
$30.5M 2.39%
1,470,000
+688,500
+88% +$15M
CYH icon
12
Community Health Systems
CYH
$416M
$29.1M 2.28%
6,828,207
+3,218,405
+89% +$16.2M
AAL icon
13
PUT
American Airlines Group
AAL
$8.57B
$28.6M 2.24%
550,000
– –
MSFT icon
14
PUT
Microsoft
MSFT
$3.65T
$28.2M 2.21%
+330,000
New +$27.1M
QCOM icon
15
PUT
Qualcomm
QCOM
$188B
$26.9M 2.11%
+420,900
New +$25.5M
DEX
16
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$22.3M 1.75%
1,839,728
+259,992
+16% +$3.08M
GAM
17
General American Investors Company
GAM
$1.57B
$21.8M 1.7%
632,876
-413,350
-40% -$14.4M
DHG
18
DELISTED
Deutsche High Incm Opportunities
DHG
$17M 1.33%
1,134,535
-80,072
-7% -$1.2M
THC icon
19
Tenet Healthcare
THC
$21.7B
$16.6M 1.3%
1,097,921
+71,945
+7% +$1.01M
HIO
20
Western Asset High Income Opportunity Fund
HIO
$328M
$16.2M 1.27%
3,200,147
+2,853,802
+824% +$14.4M
APC
21
PUT
DELISTED
Anadarko Petroleum
APC
$16.2M 1.27%
302,100
– –
CIK
22
UBS Asset Management Income Fund, Inc.
CIK
$133M
$16.2M 1.27%
4,895,139
-254,755
-5% -$847K
ORCL icon
23
Oracle
ORCL
$466B
$15.7M 1.22%
+331,053
New +$16.2M
HYT icon
24
BlackRock Corporate High Yield Fund
HYT
$1.61B
$13.7M 1.08%
1,256,059
+975,216
+347% +$10.8M
MSD
25
Morgan Stanley Emerging Markets Debt Fund
MSD
$146M
$13.5M 1.05%
1,347,922
-311,911
-19% -$3.12M
1
2 3 4 5

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Saba Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Saba Capital Management held 153 positions worth $1.28B, up 30% from $987M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Saba Capital Management withdrew a net $105M in Q4 2017, closing 17 positions and reducing 34 holdings. Its most notable exit was Apple, an estimated $17.9M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 84% of assets, up from 82% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Saba Capital Management opened a new position in Oracle worth $15.7M.

  • Saba Capital Management's largest Q4 2017 buy was Oracle: 331,053 shares worth $15.7M.
  • Saba Capital Management added most to Templeton Emerging Markets Income Fund in Q4 2017, an estimated $29.8M increase.
  • Saba Capital Management's biggest Q4 2017 reduction was Clough Global Opportunities Fund, cutting an estimated $74.9M.
  • Saba Capital Management fully exited Apple in Q4 2017, selling an estimated $17.9M.
  • Saba Capital Management's ten largest holdings make up 46% of its $1.28B portfolio in Q4 2017.
  • Saba Capital Management opened 47 new positions and closed 17 in Q4 2017.
  • Saba Capital Management's portfolio value rose 30% quarter-over-quarter to $1.28B.

Based on Saba Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.