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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
BSCE
201
DELISTED
CLAYMORE GUGGENHEIM BULLETSHARES 2014 CORP BD ETF
BSCE
– –
-169,034
Closed -$3.56M
FST
202
DELISTED
FOREST OIL CORPORATION
FST
– –
-10,824,476
Closed -$12.7M
BNA
203
DELISTED
BLACKROCK INCOME OPPORTUNITY TRUST INC
BNA
– –
-598,887
Closed -$6.2M
TWC
204
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-3,548
Closed -$509K
5 6 7 8
9

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GCM
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VI
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SL
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JFG
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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.