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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
+2.81%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.91B
AUM Growth
+$135M
Cap. Flow
+$105M
Cap. Flow %
5.5%
Top 10 Hldgs %
36.54%
Holding
245
New
38
Increased
63
Reduced
82
Closed
48

Top Buys

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$93.2M
2
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$74M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$68.2M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$55.6M
5
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$22.6M

Top Sells

Rank Stock Value
1
VCSH icon
Vanguard Short-Term Corporate Bond ETF
VCSH
+$34.1M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$31.6M
3
GHY
PGIM Global High Yield Fund
GHY
+$23.3M
4
MTOR
MERITOR, Inc.
MTOR
+$22.6M
5
DSL
DoubleLine Income Solutions Fund
DSL
+$21.3M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.57%
2 Financials 3.35%
3 Energy 2.55%
4 Industrials 2.17%
5 Materials 1.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSD
176
Morgan Stanley Emerging Markets Debt Fund
MSD
$146M
$544K 0.03%
53,511
-46,400
-46% -$471K
TWC
177
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$523K 0.03%
3,548
– –
DSL
178
DoubleLine Income Solutions Fund
DSL
$1.22B
$481K 0.03%
21,422
-965,912
-98% -$21.3M
UHS icon
179
Universal Health Services
UHS
$10.2B
$479K 0.03%
5,000
-29,127
-85% -$2.52M
ARMF
180
DELISTED
ARES MULTI-STRATEGY CR FD INC COM STK (MD)
ARMF
$471K 0.02%
21,549
-75,411
-78% -$1.65M
SABA
181
Saba Capital Income & Opportunities Fund II
SABA
$220M
$426K 0.02%
+25,773
New +$411K
SLM icon
182
SLM Corp
SLM
$4.89B
$418K 0.02%
50,310
-115,639
-70% -$1.02M
CMK
183
DELISTED
MFS HIGH INCOME MUNI TR I
CMK
$365K 0.02%
42,821
-6,526
-13% -$55.2K
MTOR
184
DELISTED
MERITOR, Inc.
MTOR
$360K 0.02%
27,600
-1,719,600
-98% -$22.6M
PFIG icon
185
Invesco Fundamental Investment Grade Corporate Bond ETF
PFIG
$115M
$323K 0.02%
12,644
+3,349
+36% +$85.1K
FLOT icon
186
iShares Floating Rate Bond ETF
FLOT
$10.2B
$319K 0.02%
6,286
-6,827
-52% -$346K
GPRE icon
187
Green Plains
GPRE
$1.18B
$296K 0.02%
9,000
-29,000
-76% -$853K
MDR
188
DELISTED
McDermott International
MDR
$267K 0.01%
+10,988
New +$241K
JQC icon
189
Nuveen Credit Strategies Income Fund
JQC
$704M
$240K 0.01%
+25,646
New +$240K
IGI
190
Western Asset Investment Grade Defined Opportunity Trust
IGI
$93.9M
$222K 0.01%
10,436
-127,164
-92% -$2.61M
BIOA.WS
191
DELISTED
BioAmber Inc.
BIOA.WS
$176K 0.01%
69,826
-6,164
-8% -$14K
TLI
192
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$161K 0.01%
+13,409
New +$160K
MNI
193
DELISTED
The McClatchy Company Class A Common Stock
MNI
$145K 0.01%
2,605
-5,532
-68% -$310K
ECF
194
Ellsworth Growth & Income Fund
ECF
$166M
$114K 0.01%
12,860
– –
EVF
195
Eaton Vance Senior Income Trust
EVF
$90.3M
$89K ﹤0.01%
+13,008
New +$88.6K
BRW
196
Saba Capital Income & Opportunities Fund
BRW
$336M
$69K ﹤0.01%
+5,950
New +$68K
CYHHZ
197
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$53K ﹤0.01%
795,108
– –
AGO icon
198
Assured Guaranty
AGO
$3.66B
– –
-9,386
Closed -$238K
AGO icon
199
PUT
Assured Guaranty
AGO
$3.66B
– –
-3,000,000
Closed -$76M
AMKR icon
200
Amkor Technology
AMKR
$12.4B
– –
-540,528
Closed -$3.71M
6 7
8
9 10

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Saba Capital Management's Q2 2014 Portfolio in Review

As of Q2 2014, Saba Capital Management held 245 positions worth $1.91B, up 7.6% from $1.77B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Saba Capital Management deployed $105M of net new capital in Q2 2014, opening 38 new positions and adding to 63 existing holdings. Its largest new stake was Vanguard Total Bond Market: 1,140,580 shares worth $93.8M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.6% of assets, down from 5.6% a quarter earlier, followed by Financials and Energy.

On the sell side, the largest reduction was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $31.6M trimmed.

  • Saba Capital Management's largest Q2 2014 buy was Vanguard Total Bond Market: 1,140,580 shares worth $93.8M.
  • Saba Capital Management added most to iShares Core US Aggregate Bond ETF in Q2 2014, an estimated $68.2M increase.
  • Saba Capital Management's biggest Q2 2014 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $31.6M.
  • Saba Capital Management fully exited Vanguard Short-Term Corporate Bond ETF in Q2 2014, selling an estimated $34.1M.
  • Saba Capital Management's ten largest holdings make up 37% of its $1.91B portfolio in Q2 2014.
  • Saba Capital Management opened 38 new positions and closed 48 in Q2 2014.
  • Saba Capital Management's portfolio value rose 7.6% quarter-over-quarter to $1.91B.

Based on Saba Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.