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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
+1.41%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.2B
AUM Growth
+$392M
Cap. Flow
+$352M
Cap. Flow %
29.23%
Top 10 Hldgs %
38.81%
Holding
190
New
102
Increased
22
Reduced
19
Closed
29

Top Buys

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$116M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$42.3M
3
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$23.1M
4
PDI icon
PIMCO Dynamic Income Fund
PDI
+$16.2M
5
DSL
DoubleLine Income Solutions Fund
DSL
+$15.9M

Top Sells

Rank Stock Value
1
GNW icon
Genworth Financial
GNW
+$15M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$12.3M
3
AAPL icon
Apple
AAPL
+$12.1M
4
RAD
Rite Aid Corporation
RAD
+$12M
5
WFT
Weatherford International plc
WFT
+$7.65M

Sector Composition

Rank Sector Weight
1 Energy 6.5%
2 Consumer Discretionary 6.16%
3 Financials 3.48%
4 Technology 2.2%
5 Healthcare 1.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MBI icon
26
MBIA
MBI
$283M
$12.3M 1.02%
1,199,000
+1,120,900
+1,435% +$14.1M
EAD
27
Allspring Income Opportunities Fund
EAD
$372M
$12.2M 1.02%
+1,357,628
New +$12.2M
SPLS
28
DELISTED
Staples Inc
SPLS
$11.8M 0.98%
807,360
+453,800
+128% +$7.12M
DAL icon
29
PUT
Delta Air Lines
DAL
$57.1B
$11.8M 0.98%
500,000
– –
FWLT
30
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
$11.6M 0.96%
438,764
+50,000
+13% +$1.17M
FAX
31
abrdn Asia-Pacific Income Fund
FAX
$592M
$11.5M 0.96%
+316,421
New +$11.6M
TMUS icon
32
T-Mobile US
TMUS
$199B
$11.2M 0.93%
431,378
+71,728
+20% +$1.75M
GLW icon
33
Corning
GLW
$99.3B
$10.9M 0.91%
748,397
+8,200
+1% +$121K
HSH
34
DELISTED
HILLSHIRE BRANDS CO
HSH
$10.8M 0.89%
349,923
+91,110
+35% +$3.01M
AGO icon
35
Assured Guaranty
AGO
$3.81B
$9.49M 0.79%
+506,100
New +$10.7M
EMD
36
Western Asset Emerging Markets Debt Fund
EMD
$611M
$8.9M 0.74%
+495,973
New +$8.73M
ENLC
37
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$8.81M 0.73%
421,883
-213,834
-34% -$4.33M
OVV icon
38
Ovintiv
OVV
$16.6B
$8.71M 0.72%
100,460
+53,380
+113% +$4.65M
DSU icon
39
BlackRock Debt Strategies Fund
DSU
$589M
$8.6M 0.71%
+712,863
New +$8.58M
LXK
40
PUT
DELISTED
Lexmark Intl Inc
LXK
$8.25M 0.69%
250,000
– –
HIO
41
Western Asset High Income Opportunity Fund
HIO
$337M
$8.08M 0.67%
+1,353,855
New +$7.91M
GLNG icon
42
CALL
Golar LNG
GLNG
$4.97B
$7.6M 0.63%
201,800
– –
MGM icon
43
MGM Resorts International
MGM
$11.8B
$7.26M 0.6%
355,265
-141,965
-29% -$2.47M
AA icon
44
Alcoa
AA
$11.6B
$7.17M 0.6%
367,291
+170,994
+87% +$3.31M
DVN icon
45
Devon Energy
DVN
$50.1B
$7.07M 0.59%
122,400
– –
DOC icon
46
Healthpeak Properties
DOC
$15.6B
$7.03M 0.58%
188,466
+110,036
+140% +$4.29M
HYT icon
47
BlackRock Corporate High Yield Fund
HYT
$1.36B
$7M 0.58%
+595,020
New +$6.92M
BPOP icon
48
PUT
Popular Inc
BPOP
$10.9B
$6.86M 0.57%
+261,300
New +$8.23M
AIF
49
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$6.69M 0.56%
+400,506
New +$6.89M
THC icon
50
Tenet Healthcare
THC
$21.9B
$6.56M 0.55%
159,341
+65,241
+69% +$2.73M
1
2
3 4 5

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Saba Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Saba Capital Management held 190 positions worth $1.2B, up 48% from $811M the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Saba Capital Management deployed $352M of net new capital in Q3 2013, opening 102 new positions and adding to 22 existing holdings. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 1,262,946 shares worth $116M.

By sector, the portfolio is most concentrated in Energy at 6.5% of assets, down from 9.9% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was TIME WARNER CABLE INC NEW COM STK, an estimated $12.3M trimmed.

  • Saba Capital Management's largest Q3 2013 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 1,262,946 shares worth $116M.
  • Saba Capital Management added most to State Street SPDR Bloomberg High Yield Bond ETF in Q3 2013, an estimated $23.1M increase.
  • Saba Capital Management's biggest Q3 2013 reduction was TIME WARNER CABLE INC NEW COM STK, cutting an estimated $12.3M.
  • Saba Capital Management fully exited Genworth Financial in Q3 2013, selling an estimated $15M.
  • Saba Capital Management's ten largest holdings make up 39% of its $1.2B portfolio in Q3 2013.
  • Saba Capital Management opened 102 new positions and closed 29 in Q3 2013.
  • Saba Capital Management's portfolio value rose 48% quarter-over-quarter to $1.2B.

Based on Saba Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.