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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
BC icon
151
Brunswick
BC
$5.24B
– –
-84,901
Closed -$3.58M
BKE icon
152
Buckle
BKE
$2.25B
– –
-28,923
Closed -$1.31M
BKLN icon
153
Invesco Senior Loan ETF
BKLN
$6.97B
– –
-43,292
Closed -$1.05M
BLV icon
154
Vanguard Long-Term Bond ETF
BLV
$5.78B
– –
-10,806
Closed -$975K
BSL
155
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
– –
-129,780
Closed -$2.23M
CAG icon
156
Conagra Brands
CAG
$7.27B
– –
-34,985
Closed -$900K
CYH icon
157
Community Health Systems
CYH
$386M
– –
-4,840
Closed -$219K
DE icon
158
Deere & Co
DE
$166B
– –
-23,758
Closed -$1.95M
DHT icon
159
DHT Holdings
DHT
$2.94B
– –
-412,599
Closed -$2.54M
EVF
160
Eaton Vance Senior Income Trust
EVF
$90.1M
– –
-11,161
Closed -$73K
GHY
161
PGIM Global High Yield Fund
GHY
$478M
– –
-221,495
Closed -$3.65M
GLNG icon
162
Golar LNG
GLNG
$4.9B
– –
-45,000
Closed -$2.99M
GPC icon
163
Genuine Parts
GPC
$17.6B
– –
-15,312
Closed -$1.34M
HCA icon
164
HCA Healthcare
HCA
$86B
– –
-7,000
Closed -$494K
IGSB icon
165
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.9B
– –
-458,384
Closed -$24.1M
BRSL
166
Brightstar Lottery PLC
BRSL
$1.94B
– –
-63,449
Closed -$1.07M
IMOS
167
ChipMOS TECHNOLOGIES
IMOS
$1.88B
– –
-49,007
Closed -$1.22M
ISD
168
PGIM High Yield Bond Fund
ISD
$414M
– –
-212,288
Closed -$3.55M
JNK icon
169
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
– –
-134,027
Closed -$16.2M
JPI
170
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
– –
-80,534
Closed -$1.84M
LEE icon
171
Lee Enterprises
LEE
$172M
– –
-35,537
Closed -$1.2M
MTG icon
172
MGIC Investment
MTG
$6.36B
– –
-846,608
Closed -$6.61M
MU icon
173
Micron Technology
MU
$981B
– –
-32,000
Closed -$1.1M
NPO icon
174
Enpro
NPO
$6.77B
– –
-23,000
Closed -$1.39M
RDN icon
175
Radian Group
RDN
$5.21B
– –
-255,000
Closed -$3.64M
5 6
7
8 9

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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
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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.