0000902664-13-002276.txt : 20130515 0000902664-13-002276.hdr.sgml : 20130515 20130515165309 ACCESSION NUMBER: 0000902664-13-002276 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130515 DATE AS OF CHANGE: 20130515 EFFECTIVENESS DATE: 20130515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Saba Capital Management, L.P. CENTRAL INDEX KEY: 0001510281 IRS NUMBER: 800361690 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14282 FILM NUMBER: 13848060 BUSINESS ADDRESS: STREET 1: 405 LEXINGTON AVENUE STREET 2: 58TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10174 BUSINESS PHONE: 212-542-3610 MAIL ADDRESS: STREET 1: 405 LEXINGTON AVENUE STREET 2: 58TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10174 13F-HR 1 p13-1255form13fhr.txt SABA CAPITAL MANAGEMENT, LP UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2013 ------------------------ Check here if Amendment [ ]; Amendment Number: ----- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Saba Capital Management, LP -------------------------------------------------- Address: 405 Lexington Avenue -------------------------------------------------- 58th Floor -------------------------------------------------- New York, New York 10174 -------------------------------------------------- Form 13F File Number: 028-14282 ------------------ The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Robert K. Simonds -------------------------------------------------- Title: General Counsel & Chief Compliance Officer -------------------------------------------------- Phone: 212-543-3610 -------------------------------------------------- Signature, Place, and Date of Signing: /s/ Robert K. Simonds New York, New York 5/15/2013 ----------------------------------------------------------------------------- Note: The information provided herein with respect to warrants is based on (i) the number of warrants held by the Reporting Manager as of March 31, 2013 and (ii) the price of such warrants as reported by either Bloomberg or Reuters as of March 31, 2013. Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 81 ------------- Form 13F Information Table Value Total: $739,065 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ---------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- ACTUANT CORP CL A NEW 00508X203 7,868 256,947 SH SOLE 256,947 0 0 AK STL HLDG CORP COM 001547108 1,977 597,198 SH SOLE 597,198 0 0 ALCOA INC COM 013817101 4,643 544,935 SH SOLE 544,935 0 0 AMERICAN INTL GROUP INC COM NEW 026874784 14,363 370,000 SH SOLE 370,000 0 0 AMKOR TECHNOLOGY INC COM 031652100 6,205 1,551,337 SH SOLE 1,551,337 0 0 ANNALY CAP MGMT INC COM 035710409 2,539 159,760 SH SOLE 159,760 0 0 ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16 L0302D178 16,812 800,000 SH SOLE 800,000 0 0 ARCTIC CAT INC COM 039670104 5,996 137,217 SH SOLE 137,217 0 0 ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 19,941 24,480,000 PRN SOLE 24,480,000 0 0 BEAZER HOMES USA INC COM 07556Q881 772 48,722 SH SOLE 48,722 0 0 BEST BUY INC COM 086516101 11,110 501,600 SH PUT SOLE 501,600 0 0 BEST BUY INC COM 086516101 2,095 94,600 SH SOLE 94,600 0 0 BOYD GAMING CORP COM 103304101 1,474 178,206 SH SOLE 178,206 0 0 CEC ENTMT INC COM 125137109 4,583 139,945 SH SOLE 139,945 0 0 CEMEX SAB DE CV SPON ADR NEW 151290889 794 65,038 SH SOLE 65,038 0 0 CONSOL ENERGY INC COM 20854P109 1,861 55,309 SH SOLE 55,309 0 0 CORNING INC COM 219350105 31,576 2,368,798 SH SOLE 2,368,798 0 0 CROSSTEX ENERGY INC COM 22765Y104 18,024 935,835 SH SOLE 935,835 0 0 CSX CORP COM 126408103 3,905 158,560 SH SOLE 158,560 0 0 DELL INC COM 24702R101 1,436 100,200 SH CALL SOLE 100,200 0 0 DELL INC COM 24702R101 2,933 204,687 SH SOLE 204,687 0 0 DONNELLEY R R & SONS CO COM 257867101 4,056 336,596 SH SOLE 336,596 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 400 310,952 SH SOLE 310,952 0 0 ENCANA CORP COM 292505104 1,187 61,060 SH SOLE 61,060 0 0 ENTERGY CORP NEW COM 29364G103 6,108 96,587 SH SOLE 96,587 0 0 FELCOR LODGING TR INC COM 31430F101 1,268 213,140 SH SOLE 213,140 0 0 FOREST OIL CORP COM PAR $0.01 346091705 5,994 1,139,504 SH SOLE 1,139,504 0 0 FOSTER WHEELER AG COM H27178104 3,199 140,000 SH SOLE 140,000 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 6,640 200,600 SH SOLE 200,600 0 0 FTI CONSULTING INC COM 302941109 748 19,869 SH SOLE 19,869 0 0 GENERAL MTRS CO COM 37045V100 25,676 922,921 SH SOLE 922,921 0 0 GENWORTH FINL INC COM CL A 37247D106 19,882 1,988,233 SH SOLE 1,988,233 0 0 GOLAR LNG LTD BERMUDA SHS G9456A100 19,589 530,005 SH SOLE 530,005 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 21,429 1,700,000 SH PUT SOLE 1,700,000 0 0 GUESS INC COM 401617105 1,490 60,000 SH SOLE 60,000 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 4,074 157,898 SH SOLE 157,898 0 0 HASBRO INC COM 418056107 6,503 147,989 SH SOLE 147,989 0 0 HERBALIFE LTD COM USD SHS G4412G101 423 11,300 SH PUT SOLE 11,300 0 0 HEWLETT PACKARD CO COM 428236103 47,680 2,000,000 SH PUT SOLE 2,000,000 0 0 HEWLETT PACKARD CO COM 428236103 477 20,000 SH SOLE 20,000 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 1,559 94,508 SH SOLE 94,508 0 0 ISHARES TR BARCLYS 1-3YR CR 464288646 4,676 44,307 SH SOLE 44,307 0 0 ITRON INC COM 465741106 10,359 223,264 SH SOLE 223,264 0 0 JONES GROUP INC COM 48020T101 5,555 436,749 SH SOLE 436,749 0 0 LEAP WIRELESS INTL INC COM NEW 521863308 1,260 213,878 SH SOLE 213,878 0 0 LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 571 28,150 SH SOLE 28,150 0 0 LEXMARK INTL NEW CL A 529771107 6,600 250,000 SH PUT SOLE 250,000 0 0 LEXMARK INTL NEW CL A 529771107 409 15,500 SH SOLE 15,500 0 0 MBIA INC COM 55262C100 1,027 100,000 SH CALL SOLE 100,000 0 0 MBIA INC COM 55262C100 41,172 4,009,000 SH PUT SOLE 4,009,000 0 0 MBIA INC COM 55262C100 3,690 359,331 SH SOLE 359,331 0 0 MCCLATCHY CO CL A 579489105 743 256,175 SH SOLE 256,175 0 0 MERITOR INC COM 59001K100 3,019 638,291 SH SOLE 638,291 0 0 MGIC INVT CORP WIS COM 552848103 6,152 1,242,913 SH SOLE 1,242,913 0 0 MGM RESORTS INTERNATIONAL COM 552953101 10,949 832,600 SH SOLE 832,600 0 0 MORGAN STANLEY COM NEW 617446448 21,980 1,000,000 SH CALL SOLE 1,000,000 0 0 NORFOLK SOUTHERN CORP COM 655844108 3,869 50,200 SH SOLE 50,200 0 0 PARKER DRILLING CO COM 701081101 2,977 695,655 SH SOLE 695,655 0 0 PEABODY ENERGY CORP COM 704549104 1,010 47,750 SH SOLE 47,750 0 0 PENNEY J C INC COM 708160106 23,836 1,577,500 SH PUT SOLE 1,577,500 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ---------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- PENNEY J C INC COM 708160106 860 56,914 SH SOLE 56,914 0 0 PITNEY BOWES INC COM 724479100 22,832 1,536,500 SH CALL SOLE 1,536,500 0 0 POLYPORE INTL INC COM 73179V103 3,472 86,403 SH SOLE 86,403 0 0 POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 1,881 74,918 SH SOLE 74,918 0 0 QUEST DIAGNOSTICS INC COM 74834L100 33,284 589,500 SH CALL SOLE 589,500 0 0 RITE AID CORP COM 767754104 21,241 11,179,731 SH SOLE 11,179,731 0 0 SAKS INC COM 79377W108 1,804 157,320 SH SOLE 157,320 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 51,563 329,374 SH SOLE 329,374 0 0 SPDR SERIES TRUST BRC HGH YLD BD 78464A417 4,464 108,580 SH SOLE 108,580 0 0 STANLEY BLACK & DECKER INC COM 854502101 7,733 95,503 SH SOLE 95,503 0 0 STAPLES INC COM 855030102 27,004 2,012,200 SH PUT SOLE 2,012,200 0 0 STAPLES INC COM 855030102 22,319 1,661,895 SH SOLE 1,661,895 0 0 SUPERVALU INC COM 868536103 4,045 802,571 SH SOLE 802,571 0 0 SYNOVUS FINL CORP COM 87161C105 3,147 1,136,019 SH SOLE 1,136,019 0 0 TEEKAY CORPORATION COM Y8564W103 18,596 517,123 SH SOLE 517,123 0 0 THOMPSON CREEK METALS CO INC UNIT 99/99/9999 884768300 830 50,000 SH SOLE 50,000 0 0 VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 1,067 13,276 SH SOLE 13,276 0 0 VISTEON CORP COM NEW 92839U206 1,241 21,510 SH SOLE 21,510 0 0 WALTER ENERGY INC COM 93317Q105 1,344 47,156 SH SOLE 47,156 0 0 WEATHERFORD INTERNATIONAL LT REG SHS H27013103 14,848 1,223,082 SH SOLE 1,223,082 0 0 WENDYS CO COM 95058W100 6,347 1,119,474 SH SOLE 1,119,474 0 0