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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
-6.59%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$1.77B
AUM Growth
-$142M
Cap. Flow
-$10.1M
Cap. Flow %
-0.57%
Top 10 Hldgs %
29.75%
Holding
227
New
30
Increased
71
Reduced
62
Closed
43

Top Buys

Rank Stock Value
1
TLM
TALISMAN ENERGY INC
TLM
+$24.8M
2
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$23.3M
3
BTU
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
+$22.1M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$17.7M
5
BPOP icon
Popular Inc
BPOP
+$13.9M

Top Sells

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$93.8M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$73.1M
3
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$49.7M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$38.6M
5
RDN icon
Radian Group
RDN
+$28.6M

Sector Composition

Rank Sector Weight
1 Energy 4.68%
2 Financials 3.24%
3 Consumer Discretionary 2.83%
4 Industrials 2.54%
5 Materials 1.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IGI
201
Western Asset Investment Grade Defined Opportunity Trust
IGI
$93.9M
– –
-10,436
Closed -$222K
NAVI icon
202
Navient
NAVI
$809M
– –
-50,310
Closed -$891K
NSC icon
203
Norfolk Southern
NSC
$77.1B
– –
-9,914
Closed -$1.02M
OI icon
204
O-I Glass
OI
$1.41B
– –
-24,838
Closed -$860K
PFIG icon
205
Invesco Fundamental Investment Grade Corporate Bond ETF
PFIG
$115M
– –
-12,644
Closed -$323K
SABA
206
Saba Capital Income & Opportunities Fund II
SABA
$220M
– –
-25,773
Closed -$426K
SLM icon
207
SLM Corp
SLM
$4.78B
– –
-50,310
Closed -$418K
UAL icon
208
United Airlines
UAL
$39.1B
– –
-28,000
Closed -$1.15M
UHS icon
209
Universal Health Services
UHS
$9.64B
– –
-5,000
Closed -$479K
USIG icon
210
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
– –
-103,716
Closed -$5.78M
VSAT icon
211
Viasat
VSAT
$10.2B
– –
-15,000
Closed -$869K
MTOR
212
DELISTED
MERITOR, Inc.
MTOR
– –
-27,600
Closed -$360K
CTB
213
DELISTED
Cooper Tire & Rubber Co.
CTB
– –
-173,134
Closed -$5.19M
MDR
214
DELISTED
McDermott International
MDR
– –
-10,988
Closed -$237K
SVU
215
DELISTED
SUPERVALU Inc.
SVU
– –
-52,524
Closed -$3.02M
CMK
216
DELISTED
MFS HIGH INCOME MUNI TR I
CMK
– –
-42,821
Closed -$365K
ARMF
217
DELISTED
ARES MULTI-STRATEGY CR FD INC COM STK (MD)
ARMF
– –
-21,549
Closed -$471K
BRLI
218
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
– –
-53,502
Closed -$1.62M
CFN
219
DELISTED
CAREFUSION CORPORATION
CFN
– –
-53,149
Closed -$2.36M
CFP
220
DELISTED
CORNERSTONE PROGRESSIVE RETURN FD COM
CFP
– –
-75,085
Closed -$1.38M
JGG
221
DELISTED
NUVEEN GLOBAL INCOME OPPORTUNITIES FUND
JGG
– –
-122,592
Closed -$1.56M
URS
222
DELISTED
URS CORP
URS
– –
-21,754
Closed -$997K
MRF
223
DELISTED
AMERICAN INCOME FUND
MRF
– –
-72,304
Closed -$561K
FHY
224
DELISTED
First Trust Strategic High
FHY
– –
-44,013
Closed -$720K
HTR
225
DELISTED
Brookfield Total Return Fund Inc
HTR
– –
-58,948
Closed -$1.48M
6 7 8
9
10

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GCM
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JFG
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SPC
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Saba Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Saba Capital Management held 227 positions worth $1.77B, down 7.4% from $1.91B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Saba Capital Management's Q3 2014 filing shows 30 new, 71 increased, 62 reduced and 43 closed positions. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 89,329 shares worth $17.6M. The largest sale was Vanguard Total Bond Market, an estimated $93.8M.

By sector, the portfolio is most concentrated in Energy at 4.7% of assets, up from 2.6% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Saba Capital Management's largest Q3 2014 buy was State Street SPDR S&P 500 ETF Trust: 89,329 shares worth $17.6M.
  • Saba Capital Management added most to TALISMAN ENERGY INC in Q3 2014, an estimated $24.8M increase.
  • Saba Capital Management's biggest Q3 2014 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $73.1M.
  • Saba Capital Management fully exited Vanguard Total Bond Market in Q3 2014, selling an estimated $93.8M.
  • Saba Capital Management's ten largest holdings make up 30% of its $1.77B portfolio in Q3 2014.
  • Saba Capital Management opened 30 new positions and closed 43 in Q3 2014.
  • Saba Capital Management's portfolio value fell 7.4% quarter-over-quarter to $1.77B.

Based on Saba Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.