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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
+2.81%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.91B
AUM Growth
+$135M
Cap. Flow
+$105M
Cap. Flow %
5.5%
Top 10 Hldgs %
36.54%
Holding
245
New
38
Increased
63
Reduced
82
Closed
48

Top Buys

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$93.2M
2
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$74M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$68.2M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$55.6M
5
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$22.6M

Top Sells

Rank Stock Value
1
VCSH icon
Vanguard Short-Term Corporate Bond ETF
VCSH
+$34.1M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$31.6M
3
GHY
PGIM Global High Yield Fund
GHY
+$23.3M
4
MTOR
MERITOR, Inc.
MTOR
+$22.6M
5
DSL
DoubleLine Income Solutions Fund
DSL
+$21.3M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.57%
2 Financials 3.35%
3 Energy 2.55%
4 Industrials 2.17%
5 Materials 1.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JLS icon
26
Nuveen Mortgage and Income Fund
JLS
$94.5M
$20.6M 1.08%
840,049
+271,569
+48% +$6.55M
MCR
27
DELISTED
MFS Charter Income Trust
MCR
$20.4M 1.07%
2,211,381
+339,093
+18% +$3.12M
MTG icon
28
MGIC Investment
MTG
$6.15B
$19.6M 1.03%
2,119,983
-45,764
-2% -$397K
EMD
29
Western Asset Emerging Markets Debt Fund
EMD
$609M
$19.1M 1%
1,038,654
-14,685
-1% -$265K
TSN icon
30
CALL
Tyson Foods
TSN
$20.9B
$18.8M 0.98%
+500,000
New +$20M
TSN icon
31
PUT
Tyson Foods
TSN
$20.9B
$18.8M 0.98%
+500,000
New +$20M
GHI
32
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
$18.4M 0.96%
1,773,940
+401,764
+29% +$4.11M
GDO
33
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.2M
$16.5M 0.86%
881,810
-49,732
-5% -$926K
MMT
34
Aberdeen Multi-Market Income Fund
MMT
$237M
$15.1M 0.79%
2,275,180
+689,524
+43% +$4.56M
VXX
35
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$14.3M 0.75%
31,250
– –
FTF
36
Franklin Limited Duration Income Trust
FTF
$232M
$14M 0.73%
1,069,937
+45,035
+4% +$592K
PDT
37
John Hancock Premium Dividend Fund
PDT
$634M
$14M 0.73%
1,027,993
+87,889
+9% +$1.17M
BHK icon
38
BlackRock Core Bond Trust
BHK
$646M
$13.8M 0.72%
990,166
-77,524
-7% -$1.06M
VBF icon
39
Invesco Bond Fund
VBF
$167M
$12.2M 0.64%
634,916
-15,213
-2% -$284K
GHY
40
PGIM Global High Yield Fund
GHY
$476M
$11.7M 0.61%
649,838
-1,305,664
-67% -$23.3M
B
41
Barrick Mining
B
$61.7B
$11.5M 0.6%
626,094
+66,337
+12% +$1.15M
DHG
42
DELISTED
Deutsche High Incm Opportunities
DHG
$11.4M 0.6%
772,502
+109,811
+17% +$1.61M
NHS
43
Neuberger High Yield Strategies Fund Inc
NHS
$251M
$11.4M 0.6%
822,364
+63,441
+8% +$872K
BWG
44
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$11.3M 0.59%
615,462
+12,475
+2% +$223K
HYF
45
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
$11.1M 0.58%
5,224,756
+540,207
+12% +$1.16M
KHI
46
DELISTED
Deutsche High Income Trust
KHI
$10.8M 0.57%
1,149,444
+228,558
+25% +$2.15M
AIF
47
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$10.2M 0.53%
556,508
+55,422
+11% +$1M
PIM
48
Franklin Master Intermediate Income Trust
PIM
$149M
$9.67M 0.51%
1,877,260
+16,400
+0.9% +$84.1K
VRE
49
DELISTED
Veris Residential
VRE
$9.45M 0.49%
439,958
+47,611
+12% +$1.01M
BSV icon
50
Vanguard Short-Term Bond ETF
BSV
$44.6B
$9.43M 0.49%
+117,390
New +$9.42M
1
2
3 4 5

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Saba Capital Management's Q2 2014 Portfolio in Review

As of Q2 2014, Saba Capital Management held 245 positions worth $1.91B, up 7.6% from $1.77B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Saba Capital Management deployed $105M of net new capital in Q2 2014, opening 38 new positions and adding to 63 existing holdings. Its largest new stake was Vanguard Total Bond Market: 1,140,580 shares worth $93.8M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.6% of assets, down from 5.6% a quarter earlier, followed by Financials and Energy.

On the sell side, the largest reduction was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $31.6M trimmed.

  • Saba Capital Management's largest Q2 2014 buy was Vanguard Total Bond Market: 1,140,580 shares worth $93.8M.
  • Saba Capital Management added most to iShares Core US Aggregate Bond ETF in Q2 2014, an estimated $68.2M increase.
  • Saba Capital Management's biggest Q2 2014 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $31.6M.
  • Saba Capital Management fully exited Vanguard Short-Term Corporate Bond ETF in Q2 2014, selling an estimated $34.1M.
  • Saba Capital Management's ten largest holdings make up 37% of its $1.91B portfolio in Q2 2014.
  • Saba Capital Management opened 38 new positions and closed 48 in Q2 2014.
  • Saba Capital Management's portfolio value rose 7.6% quarter-over-quarter to $1.91B.

Based on Saba Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.