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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
MRF
176
DELISTED
AMERICAN INCOME FUND
MRF
$399K 0.02%
+54,382
New +$402K
JGG
177
DELISTED
NUVEEN GLOBAL INCOME OPPORTUNITIES FUND
JGG
$373K 0.02%
+32,762
New +$380K
KIO
178
KKR Income Opportunities Fund
KIO
$448M
$350K 0.02%
+19,500
New +$346K
CHY
179
Calamos Convertible and High Income Fund
CHY
$1.02B
$336K 0.02%
25,961
+15,600
+151% +$199K
CMK
180
DELISTED
MFS HIGH INCOME MUNI TR I
CMK
$313K 0.02%
38,596
+18,274
+90% +$147K
EFF
181
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$312K 0.02%
17,202
+3,000
+21% +$54K
VMC icon
182
Vulcan Materials
VMC
$36.9B
$311K 0.02%
+5,237
New +$289K
FT
183
Franklin Universal Trust
FT
$201M
$300K 0.02%
+43,280
New +$299K
JPS
184
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$280K 0.02%
+34,360
New +$277K
AA icon
185
PUT
Alcoa
AA
$11.6B
$265K 0.02%
10,362
-839,118
-99% -$18.6M
FDI
186
DELISTED
FORT DEARBORN INCOME SECS
FDI
$256K 0.01%
+18,559
New +$261K
AGC
187
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$235K 0.01%
32,309
+17,901
+124% +$127K
IVR icon
188
Invesco Mortgage Capital
IVR
$762M
$234K 0.01%
1,597
-1,703
-52% -$258K
JPW
189
DELISTED
Nuveen Flexible Invstment Fd
JPW
$224K 0.01%
13,615
+900
+7% +$14.9K
IGLB icon
190
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.64B
$220K 0.01%
+3,998
New +$222K
AMTG
191
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
$215K 0.01%
14,515
-15,485
-52% -$231K
TLI
192
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$165K 0.01%
+13,510
New +$162K
BGT icon
193
BlackRock Floating Rate Income Trust
BGT
$324M
$162K 0.01%
+11,600
New +$163K
HAV
194
DELISTED
HELIOS ADVANTAGE INCOME FD, INC
HAV
$153K 0.01%
+16,870
New +$147K
HMH
195
DELISTED
HELIOS MULTI-SECTOR HIGH INCOME FD, INC
HMH
$142K 0.01%
+23,612
New +$140K
KMM
196
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$127K 0.01%
+13,550
New +$129K
LBF
197
DELISTED
Deutsche Global High Incm Fund
LBF
$115K 0.01%
+14,381
New +$116K
ECF
198
Ellsworth Growth & Income Fund
ECF
$168M
$105K 0.01%
+12,860
New +$103K
BIOA.WS
199
DELISTED
BioAmber Inc.
BIOA.WS
$94K 0.01%
128,450
– –
AGD
200
abrdn Global Dynamic Dividend Fund
AGD
$317M
$69K ﹤0.01%
6,800
– –
6 7
8
9 10

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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
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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
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.