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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
-6.59%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.77B
AUM Growth
-$142M
Cap. Flow
-$10.1M
Cap. Flow %
-0.57%
Top 10 Hldgs %
29.75%
Holding
227
New
30
Increased
71
Reduced
62
Closed
43

Top Buys

Rank Stock Value
1
TLM
TALISMAN ENERGY INC
TLM
+$24.8M
2
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$23.3M
3
BTU
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
+$22.1M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$17.7M
5
BPOP icon
Popular Inc
BPOP
+$13.9M

Top Sells

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$93.8M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$73.1M
3
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$49.7M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$38.6M
5
RDN icon
Radian Group
RDN
+$28.6M

Sector Composition

Rank Sector Weight
1 Energy 4.68%
2 Financials 3.24%
3 Consumer Discretionary 2.83%
4 Industrials 2.54%
5 Materials 1.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMD
26
DELISTED
Western Asset Emerging Markets
EMD
$20.9M 1.18%
1,734,740
-24,181
-1% -$306K
MMT
27
Aberdeen Multi-Market Income Fund
MMT
$237M
$20.4M 1.15%
3,174,128
+898,948
+40% +$5.84M
TSN icon
28
CALL
Tyson Foods
TSN
$20.2B
$19.7M 1.11%
500,000
– –
TSN icon
29
PUT
Tyson Foods
TSN
$20.2B
$19.7M 1.11%
500,000
– –
GHI
30
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
$19.3M 1.09%
1,992,959
+219,019
+12% +$2.2M
SPY icon
31
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$17.6M 1%
+89,329
New +$17.7M
FTF
32
Franklin Limited Duration Income Trust
FTF
$233M
$17.3M 0.98%
1,399,268
+329,331
+31% +$4.21M
GDO
33
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77M
$17.1M 0.97%
941,406
+59,596
+7% +$1.1M
EMD
34
Western Asset Emerging Markets Debt Fund
EMD
$609M
$16.5M 0.93%
961,876
-76,778
-7% -$1.39M
JNK icon
35
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.24B
$16.2M 0.91%
134,027
-314,042
-70% -$38.6M
PDT
36
John Hancock Premium Dividend Fund
PDT
$634M
$16.1M 0.91%
1,224,752
+196,759
+19% +$2.62M
VXX
37
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$15.6M 0.88%
31,250
– –
VCLT icon
38
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.83B
$15.3M 0.86%
170,450
-83,143
-33% -$7.5M
BHK icon
39
BlackRock Core Bond Trust
BHK
$642M
$14.5M 0.82%
1,086,199
+96,033
+10% +$1.3M
NHS
40
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$14M 0.79%
1,085,894
+263,530
+32% +$3.53M
BPOP icon
41
Popular Inc
BPOP
$11B
$12.8M 0.73%
+436,388
New +$13.9M
AGO icon
42
Assured Guaranty
AGO
$3.78B
$12.7M 0.72%
+574,328
New +$13.4M
FST
43
DELISTED
FOREST OIL CORPORATION
FST
$12.7M 0.72%
10,824,476
-509,000
-4% -$923K
SHLD
44
PUT
DELISTED
Sears Holding Corporation
SHLD
$12.5M 0.71%
+537,485
New +$17.6M
KBH icon
45
KB Home
KBH
$3.48B
$12.3M 0.7%
825,459
-442,652
-35% -$7.6M
MBI icon
46
MBIA
MBI
$288M
$12M 0.68%
1,310,996
+792,473
+153% +$7.79M
HYF
47
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
$11.6M 0.66%
5,846,800
+622,044
+12% +$1.29M
KHI
48
DELISTED
Deutsche High Income Trust
KHI
$11.5M 0.65%
1,281,658
+132,214
+12% +$1.21M
BGX
49
Blackstone Long-Short Credit Income Fund
BGX
$135M
$11.3M 0.64%
677,544
+379,900
+128% +$6.54M
PIM
50
Franklin Master Intermediate Income Trust
PIM
$149M
$11M 0.62%
2,196,219
+318,959
+17% +$1.61M
1
2
3 4 5

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WB
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GCM
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VI
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SL
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JFG
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SPC
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Saba Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Saba Capital Management held 227 positions worth $1.77B, down 7.4% from $1.91B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Saba Capital Management's Q3 2014 filing shows 30 new, 71 increased, 62 reduced and 43 closed positions. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 89,329 shares worth $17.6M. The largest sale was Vanguard Total Bond Market, an estimated $93.8M.

By sector, the portfolio is most concentrated in Energy at 4.7% of assets, up from 2.6% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Saba Capital Management's largest Q3 2014 buy was State Street SPDR S&P 500 ETF Trust: 89,329 shares worth $17.6M.
  • Saba Capital Management added most to TALISMAN ENERGY INC in Q3 2014, an estimated $24.8M increase.
  • Saba Capital Management's biggest Q3 2014 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $73.1M.
  • Saba Capital Management fully exited Vanguard Total Bond Market in Q3 2014, selling an estimated $93.8M.
  • Saba Capital Management's ten largest holdings make up 30% of its $1.77B portfolio in Q3 2014.
  • Saba Capital Management opened 30 new positions and closed 43 in Q3 2014.
  • Saba Capital Management's portfolio value fell 7.4% quarter-over-quarter to $1.77B.

Based on Saba Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.