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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
BGX
101
Blackstone Long-Short Credit Income Fund
BGX
$136M
$3.12M 0.18%
+174,427
New +$3.1M
BLV icon
102
Vanguard Long-Term Bond ETF
BLV
$5.78B
$3.08M 0.18%
37,616
+32,441
+627% +$2.69M
HTR
103
DELISTED
Brookfield Total Return Fund Inc
HTR
$3.03M 0.18%
127,671
+37,667
+42% +$882K
SBW
104
DELISTED
Western Asset Worldwide Income
SBW
$2.98M 0.17%
244,827
+132,618
+118% +$1.62M
PAI
105
Western Asset Investment Grade Income Fund
PAI
$113M
$2.87M 0.17%
+218,046
New +$2.81M
KALU icon
106
Kaiser Aluminum
KALU
$2.65B
$2.8M 0.16%
39,873
-38,223
-49% -$2.61M
BIV icon
107
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
$2.79M 0.16%
+34,169
New +$2.85M
UHS icon
108
Universal Health Services
UHS
$9.64B
$2.77M 0.16%
34,127
-36,273
-52% -$2.9M
MIN
109
Aberdeen Intermediate Income Fund
MIN
$273M
$2.7M 0.16%
521,763
+497,353
+2,037% +$2.59M
ENLC
110
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$2.7M 0.16%
74,557
-347,326
-82% -$10.4M
CYH icon
111
Community Health Systems
CYH
$383M
$2.67M 0.16%
82,253
-87,741
-52% -$3.01M
GDF
112
DELISTED
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
$2.63M 0.15%
243,198
-16,090
-6% -$177K
AA icon
113
Alcoa
AA
$11.6B
$2.6M 0.15%
101,873
-265,418
-72% -$5.88M
GFY
114
DELISTED
Western Asset Variable Rate Strategic Fund, Inc
GFY
$2.52M 0.15%
+143,756
New +$2.44M
VMBS icon
115
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
$2.37M 0.14%
+46,300
New +$2.38M
HCA icon
116
HCA Healthcare
HCA
$86.4B
$2.34M 0.14%
49,057
-52,143
-52% -$2.41M
NSC icon
117
Norfolk Southern
NSC
$77.1B
$2.29M 0.13%
24,654
-25,546
-51% -$2.19M
DFP
118
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$427M
$2.28M 0.13%
111,258
-100
-0.1% -$2.04K
CSX icon
119
CSX Corp
CSX
$96B
$2.24M 0.13%
233,616
-242,064
-51% -$2.17M
BTU
120
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
$2.19M 0.13%
7,484
-871
-10% -$246K
HCF
121
DELISTED
NEXPOINT CREDIT STRATEGIES FUND
HCF
$2.16M 0.13%
229,031
+203,731
+805% +$1.92M
FHY
122
DELISTED
First Trust Strategic High
FHY
$2.13M 0.12%
132,843
+99,672
+300% +$1.57M
JPI
123
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
$2.13M 0.12%
96,358
+62,536
+185% +$1.39M
BSCG
124
DELISTED
Guggenheim BulletShares 2016 Corporate Bond ETF
BSCG
$2.13M 0.12%
95,359
– –
LDP icon
125
Cohen & Steers Duration Preferred & Income Fund
LDP
$598M
$2.06M 0.12%
+90,847
New +$2.04M
3 4
5
6 7

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ACM
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WB
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GCM
Ghisallo Capital Management Boston, Massachusetts $3.63B AUM 30.51% 1-Year Est. Return
VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
SL
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JFG
JMG Financial Group Downers Grove, Illinois $3.63B AUM 17.91% 1-Year Est. Return
U
Uber San Francisco, California $3.6B AUM 19.81% 1-Year Est. Return
SPC
Sigma Planning Corp Ann Arbor, Michigan $3.6B AUM 24.57% 1-Year Est. Return

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.