Saba Capital Management, L.P.
Q1 2014 13F-HR Holdings
Net value change ($000)
+52,414
(3.0%)
New positions
50
Sold out positions
38
Turnover %
23.2%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q4 2013
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| VCSH | 34,086 | NEW |
| KBH | 25,771 | 465.0% |
| DSU | 25,257 | 68.8% |
| LQD | 19,516 | NEW |
| YRC WORLDWIDE INC | 15,000 | NEW |
| HYT | 14,274 | 20.5% |
| PPT | 14,097 | 88.7% |
| PIMCO Dynamic Credit & Mortgage Income Fund | 12,062 | 16.2% |
| HIO | 11,557 | 112.1% |
| FOREST OIL CORP | 11,029 | 96.0% |
Top Reduces (Value $000, Stocks/ETFs)
| HYG | -100,587 | -100.0% |
| AGG | -36,398 | -82.8% |
| GM | -29,626 | -93.9% |
| FLOT | -24,082 | -97.3% |
| FREESCALE SEMICONDUCTOR LTD | -19,069 | -100.0% |
| SPSB | -17,444 | -100.0% |
| PDI | -15,782 | -100.0% |
| USIG | -12,097 | -91.2% |
| AVON PRODUCTS INC | -8,507 | -41.3% |
| MGM | -7,916 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
264,317
(14.9% of total reported value)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|