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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
-3.37%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.25B
AUM Growth
-$521M
Cap. Flow
-$435M
Cap. Flow %
-34.86%
Top 10 Hldgs %
36.8%
Holding
204
New
20
Increased
21
Reduced
99
Closed
56

Top Buys

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$17.3M
2
CNX icon
CNX Resources
CNX
+$5.94M
3
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.62M
4
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$4.11M
5
IGLB icon
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
+$2.71M

Top Sells

Rank Stock Value
1
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$24.1M
2
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$16.2M
3
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$15.3M
4
BTU
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
+$14.2M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$13.9M

Sector Composition

Rank Sector Weight
1 Industrials 2.95%
2 Energy 2.17%
3 Materials 1.74%
4 Consumer Discretionary 1.57%
5 Real Estate 1.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JMT
126
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$731K 0.06%
31,545
-31,967
-50% -$729K
BSJF
127
DELISTED
GUGGENGEIM BULLETSHARES 2015 HIGH YIELD CORPORATE BOND ETF
BSJF
$681K 0.05%
26,335
+9,063
+52% +$239K
JMM icon
128
Nuveen Multi-Market Income Fund
JMM
$54.5M
$555K 0.04%
72,304
– –
JDD
129
DELISTED
Nuveen Diversified Dividend and Income Fund
JDD
$491K 0.04%
41,718
-6,011
-13% -$71.5K
ICB
130
DELISTED
Morgan Stanley Income Sec. Inc
ICB
$445K 0.04%
24,844
-22,296
-47% -$395K
EVV
131
Eaton Vance Limited Duration Income Fund
EVV
$1.05B
$428K 0.03%
30,335
-209,735
-87% -$3M
AFT
132
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$396K 0.03%
23,824
-51,931
-69% -$880K
BSJG
133
DELISTED
Guggenheim BulletShares 2016 High Yield Corporate Bond ETF
BSJG
$382K 0.03%
14,750
-16,731
-53% -$442K
MSD
134
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$376K 0.03%
41,361
-18,690
-31% -$177K
JHS
135
John Hancock Income Securities Trust
JHS
$127M
$371K 0.03%
25,953
-48,759
-65% -$694K
VVR icon
136
Invesco Senior Income Trust
VVR
$456M
$357K 0.03%
78,370
+344
+0.4% +$1.59K
GLO
137
Clough Global Opportunities Fund
GLO
$248M
$348K 0.03%
+27,143
New +$326K
DEX
138
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$342K 0.03%
30,369
-15,900
-34% -$185K
SCD
139
LMP Capital and Income Fund
SCD
$351M
$324K 0.03%
19,326
-34,537
-64% -$576K
USIG icon
140
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
$260K 0.02%
+4,644
New +$259K
BSV icon
141
Vanguard Short-Term Bond ETF
BSV
$44.6B
$249K 0.02%
+3,114
New +$250K
AVP
142
PUT
DELISTED
Avon Products, Inc.
AVP
$189K 0.02%
+20,100
New +$208K
TLI
143
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$178K 0.01%
16,127
-78,968
-83% -$893K
HCF
144
DELISTED
NEXPOINT CREDIT STRATEGIES FUND
HCF
$128K 0.01%
11,441
-13,659
-54% -$153K
BIOA.WS
145
DELISTED
BioAmber Inc.
BIOA.WS
$102K 0.01%
64,326
-3,900
-6% -$7.83K
BRW
146
Saba Capital Income & Opportunities Fund
BRW
$336M
$63K 0.01%
5,950
– –
CYHHZ
147
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$20K ﹤0.01%
795,108
– –
AGG icon
148
iShares Core US Aggregate Bond ETF
AGG
$138B
– –
-27,444
Closed -$2.99M
AGO icon
149
Assured Guaranty
AGO
$3.78B
– –
-574,328
Closed -$12.7M
AGO icon
150
PUT
Assured Guaranty
AGO
$3.78B
– –
-1,536,900
Closed -$34.1M
4 5
6
7 8

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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
JMG Financial Group Downers Grove, Illinois $3.63B AUM 17.91% 1-Year Est. Return
U
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SPC
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Saba Capital Management's Q4 2014 Portfolio in Review

As of Q4 2014, Saba Capital Management held 204 positions worth $1.25B, down 29% from $1.77B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Saba Capital Management withdrew a net $435M in Q4 2014, closing 56 positions and reducing 99 holdings. Its most notable exit was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $24.1M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 2.9% of assets, up from 2.5% a quarter earlier, followed by Energy and Materials.

Against the trend, Saba Capital Management opened a new position in Vanguard Total Bond Market worth $17.2M.

  • Saba Capital Management's largest Q4 2014 buy was Vanguard Total Bond Market: 209,205 shares worth $17.2M.
  • Saba Capital Management added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q4 2014, an estimated $4.62M increase.
  • Saba Capital Management's biggest Q4 2014 reduction was PEABODY ENERGY CORP COM STK NEW (DE), cutting an estimated $14.2M.
  • Saba Capital Management fully exited iShares 1-5 Year Investment Grade Corporate Bond ETF in Q4 2014, selling an estimated $24.1M.
  • Saba Capital Management's ten largest holdings make up 37% of its $1.25B portfolio in Q4 2014.
  • Saba Capital Management opened 20 new positions and closed 56 in Q4 2014.
  • Saba Capital Management's portfolio value fell 29% quarter-over-quarter to $1.25B.

Based on Saba Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.