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Saba Capital Management, L.P. Buys Clough Global Opportunities Fund, Morgan Stanley Emerging ...

Saba Capital Management, L.P.

  • New Purchases: SM , TEI , RDC , DYN, BBG, OCN, SHLD, PKD, ESV, PES,
  • Added Positions:GLO, MSD, HTZ, AOD, THC, AKS, AVP, GNW, CNX, NGD,
  • Reduced Positions:ERC, FTF, VRX, MCR, FSD, CYH, GAM, JCP, RVT, EDD,
  • Sold Out:AAL, AGN, MMT, MTG, RAD, ODP, ILG, FAX, ADX, THS,

For the details of Saba Capital Management, L.P.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Saba+Capital+Management%2C+L.P.

These are the top 5 holdings of Saba Capital Management, L.P.

  1. Clough Global Opportunities Fund ( GLO ) - 7,478,899 shares, 9.7% of the total portfolio. Shares added by 37.11%
  2. First Trust High Income Long/Short Fund ( FSD ) - 4,476,541 shares, 9.44% of the total portfolio. Shares reduced by 2.86%
  3. Alpine Total Dynamic Dividend Fund ( AOD ) - 6,331,197 shares, 6.73% of the total portfolio. Shares added by 13.72%
  4. Wells Fargo Multi-Sector Income Fund ( ERC ) - 3,326,688 shares, 5.43% of the total portfolio. Shares reduced by 45.91%
  5. Advent Claymore Convertible Securities and Income ( AVK ) - 2,625,329 shares, 5.19% of the total portfolio. Shares added by 0.35%

New Purchase: SM Energy Co (SM)

Saba Capital Management, L.P. initiated holdings in SM Energy Co. The purchase prices were between $14.1 and $24.02, with an estimated average price of $19.96. The stock is now traded at around $14.13. The impact to the portfolio due to this purchase was 0.57%. The holdings were 283,526 shares as of 2017-06-30.

New Purchase: Templeton Emerging Markets Income Fund Inc. (TEI)

Saba Capital Management, L.P. initiated holdings in Templeton Emerging Markets Income Fund Inc.. The purchase prices were between $11.16 and $11.54, with an estimated average price of $11.37. The stock is now traded at around $11.53. The impact to the portfolio due to this purchase was 0.53%. The holdings were 383,769 shares as of 2017-06-30.

New Purchase: Rowan Companies PLC (RDC)

Saba Capital Management, L.P. initiated holdings in Rowan Companies PLC. The purchase prices were between $10.28 and $15.58, with an estimated average price of $13.21. The stock is now traded at around $9.97. The impact to the portfolio due to this purchase was 0.43%. The holdings were 342,052 shares as of 2017-06-30.

New Purchase: Dynegy Inc (DYN)

Saba Capital Management, L.P. initiated holdings in Dynegy Inc. The purchase prices were between $5.93 and $9.12, with an estimated average price of $7.57. The stock is now traded at around $9.12. The impact to the portfolio due to this purchase was 0.28%. The holdings were 272,346 shares as of 2017-06-30.

New Purchase: Bill Barrett Corporation (BBG)

Saba Capital Management, L.P. initiated holdings in Bill Barrett Corporation. The purchase prices were between $2.79 and $4.57, with an estimated average price of $3.75. The stock is now traded at around $3.08. The impact to the portfolio due to this purchase was 0.2%. The holdings were 532,035 shares as of 2017-06-30.

New Purchase: Ocwen Financial Corp (OCN)

Saba Capital Management, L.P. initiated holdings in Ocwen Financial Corp. The purchase prices were between $2.23 and $5.5, with an estimated average price of $3.21. The stock is now traded at around $2.95. The impact to the portfolio due to this purchase was 0.16%. The holdings were 494,461 shares as of 2017-06-30.

Added: Clough Global Opportunities Fund ( GLO )

Saba Capital Management, L.P. added to the holdings in Clough Global Opportunities Fund by 37.11%. The purchase prices were between $10.2 and $10.67, with an estimated average price of $10.5. The stock is now traded at around $11.24. The impact to the portfolio due to this purchase was 2.63%. The holdings were 7,478,899 shares as of 2017-06-30.

Added: Morgan Stanley Emerging Markets Debt Fund Inc. (MSD)

Saba Capital Management, L.P. added to the holdings in Morgan Stanley Emerging Markets Debt Fund Inc. by 1286.97%. The purchase prices were between $9.33 and $10.15, with an estimated average price of $9.85. The stock is now traded at around $10.19. The impact to the portfolio due to this purchase was 1.54%. The holdings were 1,374,349 shares as of 2017-06-30.

Added: Hertz Global Holdings Inc (HTZ)

Saba Capital Management, L.P. added to the holdings in Hertz Global Holdings Inc by 120.25%. The purchase prices were between $8.7 and $17.54, with an estimated average price of $12.47. The stock is now traded at around $22.19. The impact to the portfolio due to this purchase was 0.85%. The holdings were 1,104,410 shares as of 2017-06-30.

Added: Tenet Healthcare Corp (THC)

Saba Capital Management, L.P. added to the holdings in Tenet Healthcare Corp by 63.89%. The purchase prices were between $14.99 and $19.67, with an estimated average price of $17.42. The stock is now traded at around $17.42. The impact to the portfolio due to this purchase was 0.75%. The holdings were 810,262 shares as of 2017-06-30.

Added: AK Steel Holding Corp (AKS)

Saba Capital Management, L.P. added to the holdings in AK Steel Holding Corp by 842.82%. The purchase prices were between $5.45 and $7.65, with an estimated average price of $6.28. The stock is now traded at around $5.91. The impact to the portfolio due to this purchase was 0.63%. The holdings were 867,390 shares as of 2017-06-30.

Added: Avon Products Inc (AVP)

Saba Capital Management, L.P. added to the holdings in Avon Products Inc by 173.70%. The purchase prices were between $3.35 and $4.85, with an estimated average price of $3.92. The stock is now traded at around $2.59. The impact to the portfolio due to this purchase was 0.56%. The holdings were 1,900,095 shares as of 2017-06-30.

Sold Out: American Airlines Group Inc (AAL)

Saba Capital Management, L.P. sold out the holdings in American Airlines Group Inc. The sale prices were between $40.9 and $51.43, with an estimated average price of $46.36.

Sold Out: Allergan PLC (AGN)

Saba Capital Management, L.P. sold out the holdings in Allergan PLC. The sale prices were between $218.73 and $248.91, with an estimated average price of $234.91.

Sold Out: MFS Multimarket Income Trust (MMT)

Saba Capital Management, L.P. sold out the holdings in MFS Multimarket Income Trust. The sale prices were between $6.09 and $6.27, with an estimated average price of $6.18.

Sold Out: MGIC Investment Corp (MTG)

Saba Capital Management, L.P. sold out the holdings in MGIC Investment Corp. The sale prices were between $9.88 and $11.32, with an estimated average price of $10.74.

Sold Out: Rite Aid Corp (RAD)

Saba Capital Management, L.P. sold out the holdings in Rite Aid Corp. The sale prices were between $2.89 and $4.75, with an estimated average price of $3.8.

Sold Out: Office Depot Inc (ODP)

Saba Capital Management, L.P. sold out the holdings in Office Depot Inc. The sale prices were between $4.65 and $5.66, with an estimated average price of $5.12.

Reduced: Wells Fargo Multi-Sector Income Fund ( ERC )

Saba Capital Management, L.P. reduced to the holdings in Wells Fargo Multi-Sector Income Fund by 45.91%. The sale prices were between $13.29 and $13.61, with an estimated average price of $13.45. The stock is now traded at around $13.37. The impact to the portfolio due to this sale was -4.28%. Saba Capital Management, L.P. still held 3,326,688 shares as of 2017-06-30.

Reduced: Franklin Templeton Ltd Duration Inc Tr (FTF)

Saba Capital Management, L.P. reduced to the holdings in Franklin Templeton Ltd Duration Inc Tr by 83.5%. The sale prices were between $11.85 and $12.07, with an estimated average price of $11.97. The stock is now traded at around $11.86. The impact to the portfolio due to this sale was -1.95%. Saba Capital Management, L.P. still held 283,039 shares as of 2017-06-30.

Reduced: Valeant Pharmaceuticals International Inc (VRX)

Saba Capital Management, L.P. reduced to the holdings in Valeant Pharmaceuticals International Inc by 29.93%. The sale prices were between $8.51 and $17.31, with an estimated average price of $11.95. The stock is now traded at around $13.37. The impact to the portfolio due to this sale was -0.87%. Saba Capital Management, L.P. still held 1,622,688 shares as of 2017-06-30.

Reduced: MFS Charter Income Trust (MCR)

Saba Capital Management, L.P. reduced to the holdings in MFS Charter Income Trust by 86.08%. The sale prices were between $8.57 and $8.75, with an estimated average price of $8.67. The stock is now traded at around $8.62. The impact to the portfolio due to this sale was -0.57%. Saba Capital Management, L.P. still held 93,815 shares as of 2017-06-30.

Reduced: Morgan Stanley Emerging Markets Domestic Debt Fund (EDD)

Saba Capital Management, L.P. reduced to the holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 33.5%. The sale prices were between $7.58 and $8.27, with an estimated average price of $7.97. The stock is now traded at around $8.29. The impact to the portfolio due to this sale was -0.1%. Saba Capital Management, L.P. still held 241,723 shares as of 2017-06-30.

Reduced: MBIA Inc (MBI)

Saba Capital Management, L.P. reduced to the holdings in MBIA Inc by 29.31%. The sale prices were between $7.85 and $9.34, with an estimated average price of $8.49. The stock is now traded at around $9.80. The impact to the portfolio due to this sale was -0.09%. Saba Capital Management, L.P. still held 224,342 shares as of 2017-06-30.

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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