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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
FCO
126
DELISTED
abrdn Global Income Fund
FCO
$2.04M 0.12%
196,290
+4,545
+2% +$48.9K
MGF
127
Aberdeen Government Markets Income Fund
MGF
$91.9M
$2M 0.12%
348,192
+157,356
+82% +$892K
VCIT icon
128
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.4B
$1.86M 0.11%
22,438
-34,707
-61% -$2.91M
JPC icon
129
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
$1.75M 0.1%
+197,633
New +$1.72M
NRG icon
130
PUT
NRG Energy
NRG
$27B
$1.7M 0.1%
59,300
– –
TIVO
131
DELISTED
Tivo Inc
TIVO
$1.57M 0.09%
+79,894
New +$1.46M
CIF
132
DELISTED
MFS Intermediate High Income Fund
CIF
$1.56M 0.09%
+538,424
New +$1.52M
ACP
133
abrdn Income Credit Strategies Fund
ACP
$637M
$1.55M 0.09%
91,113
+60,550
+198% +$996K
ARMF
134
DELISTED
ARES MULTI-STRATEGY CR FD INC COM STK (MD)
ARMF
$1.54M 0.09%
+72,660
New +$1.58M
SABA
135
Saba Capital Income & Opportunities Fund II
SABA
$222M
$1.52M 0.09%
+95,712
New +$1.56M
MSD
136
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$1.52M 0.09%
159,348
+137,522
+630% +$1.35M
PCF
137
High Income Securities Fund
PCF
$99.2M
$1.51M 0.09%
+182,977
New +$1.49M
TWC
138
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$1.47M 0.09%
10,859
+7,311
+206% +$908K
BGB
139
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$1.29M 0.08%
+72,510
New +$1.3M
ICB
140
DELISTED
Morgan Stanley Income Sec. Inc
ICB
$1.28M 0.07%
+76,227
New +$1.28M
FAM
141
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$1.26M 0.07%
90,059
+63,459
+239% +$900K
BRSL
142
Brightstar Lottery PLC
BRSL
$1.95B
$1.22M 0.07%
67,268
+3,938
+6% +$71K
JMT
143
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$1.22M 0.07%
+53,034
New +$1.25M
BSCF
144
DELISTED
CLAYMORE GUGGENHEIM BULLETSHARES 2015 CORP BD ETF
BSCF
$1.22M 0.07%
55,625
– –
JHP
145
DELISTED
NUVEEN QUALITY PREFERRED INCOME FUND 3
JHP
$1.19M 0.07%
+151,542
New +$1.19M
MBB icon
146
iShares MBS ETF
MBB
$39.3B
$1.15M 0.07%
+10,956
New +$1.16M
VGI
147
Virtus Global Multi-Sector Income Fund
VGI
$81.8M
$1.14M 0.07%
+67,424
New +$1.14M
EVG
148
Eaton Vance Short Duration Diversified Income Fund
EVG
$142M
$1.1M 0.06%
+72,245
New +$1.1M
GLO
149
Clough Global Opportunities Fund
GLO
$246M
$1.07M 0.06%
82,163
-600
-0.7% -$7.67K
JQC icon
150
Nuveen Credit Strategies Income Fund
JQC
$702M
$1.05M 0.06%
107,896
+71,100
+193% +$668K
4 5
6
7 8

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JFG
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SPC
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APP
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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.