Saba Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
iShares Core US Aggregate Bond ETF
AGG
|
+$29.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$16.7M |
| 4 |
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% |
Similar funds
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.