Saba Capital Management as of Dec. 31, 2012
Portfolio Holdings for Saba Capital Management
Saba Capital Management holds 0 positions in its portfolio as reported in the December 2012 quarterly 13F filing
Form 13F Information Table
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
----------------------------- -------------- --------- -------- ------------------ ---------- -------- -----------------------------
Value Shares/ Sh/ Put/ Investment Other Voting Authority
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt Prn Call Discretion Managers Sole Shared None
----------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- --------- ---------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
ACTUANT CORP CL A NEW 00508X203 3,508 125,700 SH SOLE 125,700
AK STL HLDG CORP COM 001547108 2,715 590,164 SH SOLE 590,164
AMERICAN INTL GROUP INC COM NEW 26874784 12,002 340,000 SH SOLE 340,000
ANNALY CAP MGMT INC COM 035710409 5,373 382,700 SH SOLE 382,700
ARCTIC CAT INC COM 039670104 6,338 189,816 SH SOLE 189,816
ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 6,746 9,000,000 PRN SOLE 9,000,000
ASSURED GUARANTY LTD COM G0585R106 12,202 857,507 SH SOLE 857,507
BEAZER HOMES USA INC COM NEW 07556Q881 1,625 96,190 SH SOLE 96,190
BELO CORP COM SER A 080555105 2,313 301,554 SH SOLE 301,554
BOSTON SCIENTIFIC CORP COM 101137107 12,044 2,101,892 SH SOLE 2,101,892
BOYD GAMING CORP COM 103304101 13,942 2,099,657 SH SOLE 2,099,657
CEC ENTMT INC COM 125137109 4,512 135,945 SH SOLE 135,945
CELANESE CORP DEL COM SER A 150870103 1,176 26,420 SH SOLE 26,420
CEMEX SAB DE CV SPON ADR NEW 151290889 642 65,038 SH SOLE 65,038
CEMEX SAB DE CV SPON ADR NEW 151290889 2,189 221,832 SH PUT SOLE 221,832
COMMUNITY HEALTH SYS INC NEW COM 203668108 11,143 362,492 SH SOLE 362,492
CONSOL ENERGY INC COM 20854P109 1,860 57,939 SH SOLE 57,939
CORNING INC COM 219350105 24,278 1,923,798 SH SOLE 1,923,798
CROSSTEX ENERGY INC COM 22765Y104 11,133 776,382 SH SOLE 776,382
DANA HLDG CORP COM 235825205 2,891 185,200 SH SOLE 185,200
DOLBY LABORATORIES INC COM 25659T107 5,527 188,429 SH SOLE 188,429
DYNEGY INC NEW DEL COM 26817R108 381 19,922 SH SOLE 19,922
DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 392 310,952 SH SOLE 310,952
ENTERGY CORP NEW COM 29364G103 6,036 94,677 SH SOLE 94,677
FELCOR LODGING TR INC COM 31430F101 1,298 278,050 SH SOLE 278,050
FREEPORT-MCMORAN COPPER & GO COM 35671D857 4,473 130,800 SH SOLE 130,800
FTI CONSULTING INC COM 302941109 753 22,822 SH SOLE 22,822
GENERAL MTRS CO COM 37045V100 20,554 712,921 SH SOLE 712,921
GENWORTH FINL INC COM CL A 37247D106 17,105 2,277,680 SH SOLE 2,277,680
GILEAD SCIENCES INC NOTE 1.000% 5/0 375558AN3 8,203 5,000,000 PRN SOLE 5,000,000
GOODYEAR TIRE & RUBR CO COM 382550101 6,975 505,079 SH SOLE 505,079
GUESS INC COM 401617105 3,367 137,189 SH SOLE 137,189
HARTFORD FINL SVCS GROUP INC COM 416515104 4,114 183,348 SH SOLE 183,348
HASBRO INC COM 418056107 6,469 180,189 SH SOLE 180,189
HEWLETT PACKARD CO COM 428236103 29,835 2,093,700 SH PUT SOLE 2,093,700
HEWLETT PACKARD CO COM 428236103 19,620 1,376,870 SH SOLE 1,376,870
INTERNATIONAL GAME TECHNOLOG COM 459902102 1,642 115,858 SH SOLE 115,858
ITRON INC COM 465741106 5,719 128,364 SH SOLE 128,364
LEAP WIRELESS INTL INC COM NEW 521863308 1,376 206,878 SH SOLE 206,878
LEAR CORP COM NEW 521865204 3,279 70,000 SH SOLE 70,000
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 4,016 173,785 SH SOLE 173,785
LEXMARK INTL NEW CL A 529771107 5,798 250,000 SH PUT SOLE 250,000
LEXMARK INTL NEW CL A 529771107 986 42,500 SH SOLE 42,500
MBIA INC COM 55262C100 31,471 4,009,000 SH PUT SOLE 4,009,000
MBIA INC COM 55262C100 5,120 652,286 SH SOLE 652,286
MCCLATCHY CO CL A 579489105 969 296,443 SH SOLE 296,443
MERITOR INC COM 59001K100 2,780 587,733 SH SOLE 587,733
MGIC INVT CORP WIS COM 552848103 24,498 9,209,709 SH SOLE 9,209,709
MORGAN STANLEY COM NEW 617446448 19,120 1,000,000 SH CALL SOLE 1,000,000
MORGAN STANLEY COM NEW 617446448 12,861 672,672 SH SOLE 672,672
OFFICE DEPOT INC COM 676220106 2,797 852,789 SH SOLE 852,789
PARKER DRILLING CO COM 701081101 1,832 398,195 SH SOLE 398,195
POLYPORE INTL INC COM 73179V103 3,521 75,720 SH SOLE 75,720
RITE AID CORP COM 767754104 19,696 14,482,615 SH SOLE 14,482,615
SAKS INC COM 79377W108 1,833 174,420 SH SOLE 174,420
SEALED AIR CORP NEW COM 81211K100 1,733 98,993 SH SOLE 98,993
SPANSION INC COM CL A NEW 84649R200 5,606 403,039 SH SOLE 403,039
SPDR GOLD TRUST GOLD SHS 78463V107 64,808 400,000 SH CALL SOLE 400,000
SPDR S^P 500 ETF TR TR UNIT 78462F103 318,514 2,236,600 SH CALL SOLE 2,236,600
SPDR S^P 500 ETF TR TR UNIT 78462F103 1,506 10,564 SH SOLE 10,564
STAPLES INC COM 855030102 22,939 2,012,200 SH PUT SOLE 2,012,200
STAPLES INC COM 855030102 7,461 654,441 SH SOLE 654,441
SUPERVALU INC COM 868536103 20,148 8,157,254 SH SOLE 8,157,254
SYNOVUS FINL CORP COM 87161C105 2,783 1,136,019 SH SOLE 1,136,019
TALISMAN ENERGY INC COM 87425E103 1,771 156,300 SH SOLE 156,300
TEEKAY CORPORATION COM Y8564W103 12,556 391,142 SH SOLE 391,142
THOMPSON CREEK METALS CO INC UNIT 99/99/9999 884768300 1,073 50,000 SH SOLE 50,000
TRANSOCEAN LTD REG SHS H8817H100 4,088 91,550 SH SOLE 91,550
VISTEON CORP COM NEW 92839U206 1,237 22,980 SH SOLE 22,980
WALGREEN CO COM 931422109 16,767 453,049 SH SOLE 453,049
WALTER ENERGY INC COM 93317Q105 1,692 47,156 SH SOLE 47,156
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 10,204 911,920 SH SOLE 911,920
WENDYS CO COM 95058W100 6,334 1,347,574 SH SOLE 1,347,574
YAHOO INC COM 984332106 9,950 500,000 SH CALL SOLE 500,000