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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
+1.9%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.72B
AUM Growth
+$520M
Cap. Flow
+$461M
Cap. Flow %
26.79%
Top 10 Hldgs %
33.92%
Holding
240
New
78
Increased
73
Reduced
37
Closed
39

Top Buys

Rank Stock Value
1
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$61.2M
2
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
+$37.3M
3
GHY
PGIM Global High Yield Fund
GHY
+$34.9M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$30.5M
5
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$29.4M

Top Sells

Rank Stock Value
1
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$54.5M
2
MTCN
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
+$17.2M
3
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$16.7M
4
GLNG icon
Golar LNG
GLNG
+$14.4M
5
SPLS
Staples Inc
SPLS
+$12.6M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 4.67%
2 Energy 3.39%
3 Financials 3.36%
4 Technology 2.58%
5 Materials 1.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ERC
26
Allspring Multi-Sector Income Fund
ERC
$255M
$16.7M 0.97%
+1,185,402
New +$16.8M
EMD
27
DELISTED
Western Asset Emerging Markets
EMD
$16.5M 0.96%
1,390,240
+1,046,319
+304% +$12.7M
PPT
28
Franklin Premier Income Trust
PPT
$323M
$15.9M 0.92%
2,920,974
+2,508,091
+607% +$13.5M
PDI icon
29
PIMCO Dynamic Income Fund
PDI
$7.4B
$15.8M 0.92%
541,767
-36,228
-6% -$1.06M
BLW icon
30
BlackRock Limited Duration Income Trust
BLW
$491M
$15.3M 0.89%
894,186
+734,650
+460% +$12.3M
GLNG icon
31
CALL
Golar LNG
GLNG
$4.95B
$15.2M 0.88%
418,100
+216,300
+107% +$7.93M
EVV
32
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$15M 0.87%
977,791
+608,804
+165% +$9.17M
EMD
33
Western Asset Emerging Markets Debt Fund
EMD
$609M
$14.5M 0.84%
844,160
+348,187
+70% +$6.04M
DAL icon
34
PUT
Delta Air Lines
DAL
$55.9B
$13.7M 0.8%
500,000
– –
BHK icon
35
BlackRock Core Bond Trust
BHK
$642M
$13.3M 0.77%
1,035,938
+699,312
+208% +$8.97M
USIG icon
36
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.2B
$13.3M 0.77%
248,234
+187,092
+306% +$10.1M
HSH
37
DELISTED
HILLSHIRE BRANDS CO
HSH
$13.2M 0.77%
395,763
+45,840
+13% +$1.49M
MHY
38
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
$12.9M 0.75%
2,274,374
+1,546,957
+213% +$8.76M
JLS icon
39
Nuveen Mortgage and Income Fund
JLS
$94.5M
$12.1M 0.7%
522,948
+338,670
+184% +$8.05M
FST
40
DELISTED
FOREST OIL CORPORATION
FST
$11.5M 0.67%
3,182,087
+2,647,219
+495% +$12M
GLNG icon
41
Golar LNG
GLNG
$4.95B
$11.5M 0.67%
315,714
-392,144
-55% -$14.4M
GDO
42
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77M
$11.3M 0.66%
627,133
+456,635
+268% +$8.18M
GHI
43
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
$10.7M 0.62%
1,075,579
+948,466
+746% +$9.62M
HIO
44
Western Asset High Income Opportunity Fund
HIO
$335M
$10.3M 0.6%
1,738,649
+384,794
+28% +$2.31M
AMKR icon
45
Amkor Technology
AMKR
$16.1B
$9.93M 0.58%
1,620,235
-1,266,049
-44% -$6.75M
DOC icon
46
Healthpeak Properties
DOC
$15.4B
$9.92M 0.58%
300,023
+111,557
+59% +$3.98M
GLW icon
47
Corning
GLW
$126B
$9.77M 0.57%
548,397
-200,000
-27% -$3.29M
OVV icon
48
Ovintiv
OVV
$17.5B
$9.69M 0.56%
107,343
+6,883
+7% +$627K
AGNC icon
49
CALL
AGNC Investment
AGNC
$12.3B
$9.64M 0.56%
+500,000
New +$10.6M
MTG icon
50
MGIC Investment
MTG
$6.27B
$9.18M 0.53%
+1,087,096
New +$8.67M
1
2
3 4 5

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Saba Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Saba Capital Management held 240 positions worth $1.72B, up 43% from $1.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Saba Capital Management deployed $461M of net new capital in Q4 2013, opening 78 new positions and adding to 73 existing holdings. Its largest new stake was PGIM Global High Yield Fund: 2,022,202 shares worth $35.1M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 4.7% of assets, down from 6.2% a quarter earlier, followed by Energy and Financials.

On the sell side, the largest reduction was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $54.5M trimmed.

  • Saba Capital Management's largest Q4 2013 buy was PGIM Global High Yield Fund: 2,022,202 shares worth $35.1M.
  • Saba Capital Management added most to BlackRock Corporate High Yield Fund in Q4 2013, an estimated $61.2M increase.
  • Saba Capital Management's biggest Q4 2013 reduction was State Street SPDR Bloomberg High Yield Bond ETF, cutting an estimated $54.5M.
  • Saba Capital Management fully exited ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in Q4 2013, selling an estimated $17.2M.
  • Saba Capital Management's ten largest holdings make up 34% of its $1.72B portfolio in Q4 2013.
  • Saba Capital Management opened 78 new positions and closed 39 in Q4 2013.
  • Saba Capital Management's portfolio value rose 43% quarter-over-quarter to $1.72B.

Based on Saba Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.