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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
+1.41%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.2B
AUM Growth
+$392M
Cap. Flow
+$352M
Cap. Flow %
29.23%
Top 10 Hldgs %
38.81%
Holding
190
New
102
Increased
22
Reduced
19
Closed
29

Top Buys

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$116M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$42.3M
3
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$23.1M
4
PDI icon
PIMCO Dynamic Income Fund
PDI
+$16.2M
5
DSL
DoubleLine Income Solutions Fund
DSL
+$15.9M

Top Sells

Rank Stock Value
1
GNW icon
Genworth Financial
GNW
+$15M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$12.3M
3
AAPL icon
Apple
AAPL
+$12.1M
4
RAD
Rite Aid Corporation
RAD
+$12M
5
WFT
Weatherford International plc
WFT
+$7.65M

Sector Composition

Rank Sector Weight
1 Energy 6.5%
2 Consumer Discretionary 6.16%
3 Financials 3.48%
4 Technology 2.2%
5 Healthcare 1.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSD
151
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$218K 0.02%
+21,826
New +$217K
JPW
152
DELISTED
Nuveen Flexible Invstment Fd
JPW
$211K 0.02%
+12,715
New +$229K
HCF
153
DELISTED
NEXPOINT CREDIT STRATEGIES FUND
HCF
$194K 0.02%
+25,300
New +$194K
GLV
154
Clough Global Dividend & Income Fund
GLV
$78.4M
$188K 0.02%
+12,379
New +$188K
CMK
155
DELISTED
MFS HIGH INCOME MUNI TR I
CMK
$163K 0.01%
+20,322
New +$164K
CYS
156
DELISTED
CYS Investments Inc.
CYS
$134K 0.01%
+16,500
New +$133K
CHY
157
Calamos Convertible and High Income Fund
CHY
$1.02B
$130K 0.01%
+10,361
New +$128K
MIN
158
Aberdeen Intermediate Income Fund
MIN
$273M
$130K 0.01%
+24,410
New +$129K
BIOA.WS
159
DELISTED
BioAmber Inc.
BIOA.WS
$103K 0.01%
128,450
– –
AGC
160
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$100K 0.01%
+14,408
New +$100K
AGD
161
abrdn Global Dynamic Dividend Fund
AGD
$317M
$65K 0.01%
+6,800
New +$64K
AAPL icon
162
Apple
AAPL
$4.95T
– –
-850,920
Closed -$12.1M
BIV icon
163
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
– –
-16,787
Closed -$1.4M
DGX icon
164
CALL
Quest Diagnostics
DGX
$25.6B
– –
-234,700
Closed -$14.2M
EMB icon
165
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
– –
-4,409
Closed -$483K
EQIX icon
166
Equinix
EQIX
$103B
– –
-15,600
Closed -$2.88M
FCX icon
167
Freeport-McMoran
FCX
$90.2B
– –
-6,680
Closed -$204K
GNW icon
168
Genworth Financial
GNW
$3.79B
– –
-1,313,658
Closed -$15M
GT icon
169
Goodyear
GT
$2.04B
– –
-252,977
Closed -$3.87M
GT icon
170
PUT
Goodyear
GT
$2.04B
– –
-1,700,000
Closed -$26M
IGIB icon
171
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
– –
-13,588
Closed -$732K
IGLB icon
172
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.64B
– –
-1,000
Closed -$56K
NEM icon
173
Newmont
NEM
$98.5B
– –
-48,615
Closed -$1.46M
NOK icon
174
Nokia
NOK
$51.8B
– –
-400,000
Closed -$1.5M
NRG icon
175
NRG Energy
NRG
$28.8B
– –
-84,000
Closed -$2.27M
4 5 6
7
8

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ACM
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WB
WesBanco Bank Wheeling, West Virginia $3.61B AUM 24.09% 1-Year Est. Return
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
Siren LLC Greenwich, Connecticut $3.61B AUM 203.3% 1-Year Est. Return
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 Q3 2013 Portfolio in Review

As of Q3 2013, Saba Capital Management held 190 positions worth $1.2B, up 48% from $811M the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Saba Capital Management deployed $352M of net new capital in Q3 2013, opening 102 new positions and adding to 22 existing holdings. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 1,262,946 shares worth $116M.

By sector, the portfolio is most concentrated in Energy at 6.5% of assets, down from 9.9% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was TIME WARNER CABLE INC NEW COM STK, an estimated $12.3M trimmed.

  • Saba Capital Management's largest Q3 2013 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 1,262,946 shares worth $116M.
  • Saba Capital Management added most to State Street SPDR Bloomberg High Yield Bond ETF in Q3 2013, an estimated $23.1M increase.
  • Saba Capital Management's biggest Q3 2013 reduction was TIME WARNER CABLE INC NEW COM STK, cutting an estimated $12.3M.
  • Saba Capital Management fully exited Genworth Financial in Q3 2013, selling an estimated $15M.
  • Saba Capital Management's ten largest holdings make up 39% of its $1.2B portfolio in Q3 2013.
  • Saba Capital Management opened 102 new positions and closed 29 in Q3 2013.
  • Saba Capital Management's portfolio value rose 48% quarter-over-quarter to $1.2B.

Based on Saba Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.