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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
BND icon
1
Vanguard Total Bond Market
BND
$157B
$93.8M 4.91%
+1,140,580
New +$93.2M
HYT icon
2
BlackRock Corporate High Yield Fund
HYT
$1.36B
$92.3M 4.83%
7,513,507
+656,563
+10% +$8.02M
AGG icon
3
iShares Core US Aggregate Bond ETF
AGG
$137B
$76.3M 3.99%
697,295
+626,988
+892% +$68.2M
IGSB icon
4
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
$74.1M 3.88%
+1,401,964
New +$74M
SPY icon
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$789B
$70.5M 3.69%
+360,000
New +$68.4M
DSU icon
6
BlackRock Debt Strategies Fund
DSU
$595M
$68.3M 3.58%
5,553,517
+515,957
+10% +$6.34M
PCI
7
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$59.2M 3.1%
2,484,665
-1,351,220
-35% -$31.6M
MBI icon
8
PUT
MBIA
MBI
$261M
$59M 3.09%
5,340,800
+1,500,000
+39% +$18.5M
JNK icon
9
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
$56.1M 2.94%
+448,069
New +$55.6M
BTZ icon
10
BlackRock Credit Allocation Income Trust
BTZ
$933M
$48.3M 2.53%
3,513,099
+1,300
+0% +$17.8K
EDD
11
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$376M
$44.3M 2.32%
3,322,809
+640,019
+24% +$8.55M
FAX
12
abrdn Asia-Pacific Income Fund
FAX
$597M
$41.5M 2.17%
1,100,729
-157,548
-13% -$5.88M
BIT icon
13
BlackRock Multi-Sector Income Trust
BIT
$698M
$39.8M 2.09%
2,152,549
+43,106
+2% +$790K
JCP
14
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
$36.4M 1.91%
+4,020,200
New +$34.6M
RDN icon
15
Radian Group
RDN
$5.16B
$34.1M 1.78%
2,300,026
-829,894
-27% -$12.1M
PPT
16
Franklin Premier Income Trust
PPT
$324M
$33.9M 1.77%
6,105,137
+682,566
+13% +$3.78M
EAD
17
Allspring Income Opportunities Fund
EAD
$372M
$29.8M 1.56%
3,112,107
-371,670
-11% -$3.54M
HYI
18
Western Asset High Yield Opportunity Fund Inc
HYI
$133M
$26.1M 1.37%
1,459,775
+544,543
+59% +$9.75M
FST
19
DELISTED
FOREST OIL CORPORATION
FST
$25.8M 1.35%
11,333,476
-455,118
-4% -$969K
MHY
20
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
$24.9M 1.3%
4,289,421
+923,955
+27% +$5.36M
KBH icon
21
KB Home
KBH
$3.4B
$23.7M 1.24%
1,268,111
-574,905
-31% -$9.63M
HIO
22
Western Asset High Income Opportunity Fund
HIO
$334M
$23.2M 1.21%
3,801,580
+187,208
+5% +$1.13M
VCLT icon
23
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.78B
$22.9M 1.2%
+253,593
New +$22.6M
EMD
24
DELISTED
Western Asset Emerging Markets
EMD
$22.7M 1.19%
1,758,921
-76,219
-4% -$973K
ERC
25
Allspring Multi-Sector Income Fund
ERC
$254M
$21.7M 1.14%
1,456,224
+152,945
+12% +$2.25M
1
2 3 4 5

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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.