Saba Capital Management’s BlackRock Capital Allocation Term Trust BCAT Stock Holding History

Saba Capital Management’s Portfolio BCAT Stock Details BCAT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-1,078,049	Closed	-$15.9M	–	354
2025 Q3	$15.9M	Sell	1,078,049 -6,724,424	-86%	-$101M	0.44%	50
2025 Q2	$118M	Sell	7,802,473 -4,007,058	-34%	-$58.5M	2.78%	5
2025 Q1	$170M	Sell	11,809,531 -1,807,746	-13%	-$27.6M	4.6%	5
2024 Q4	$206M	Sell	13,617,277 -2,497,496	-15%	-$40.2M	4.83%	4
2024 Q3	$265M	Sell	16,114,773 -218,827	-1%	-$3.58M	5.53%	4
2024 Q2	$268M	Hold	16,333,600	–	–	4.46%	5
2024 Q1	$272M	Buy	16,333,600 +2,709,978	+20%	+$42M	4.66%	5
2023 Q4	$204M	Buy	13,623,622 +3,364,405	+33%	+$48.9M	4.1%	4
2023 Q3	$149M	Buy	10,259,217 +1,507,756	+17%	+$22.5M	3.57%	4
2023 Q2	$133M	Buy	8,751,461 +2,824,220	+48%	+$42.4M	3.47%	5
2023 Q1	$89.7M	Buy	5,927,241 +1,701,146	+40%	+$25.2M	1.71%	7
2022 Q4	$58.6M	Buy	4,226,095 +3,099,777	+275%	+$43.8M	0.79%	10
2022 Q3	$15.3M	Buy	1,126,318 +871,420	+342%	+$12.9M	0.17%	191
2022 Q2	$3.73M	Buy	+254,898	New	+$3.94M	0.04%	580

Other funds holding BCAT

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Cohen & Steers New York $57.6B AUM 8.03% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

PCM

Penserra Capital Management Orinda, California $8.52B AUM 37.76% 1-Year Est. Return

RCM

Rivernorth Capital Management West Palm Beach, Florida $2B AUM 0.66% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Stifel Financial St. Louis, Missouri $109B AUM 21.36% 1-Year Est. Return

Rockefeller Capital Management New York $56.4B AUM 24.96% 1-Year Est. Return

Saba Capital Management's BCAT Position: Q4 2025 in Review

Saba Capital Management sold out of BlackRock Capital Allocation Term Trust (BCAT) in Q4 2025, closing a stake of 1,078,049 shares — an estimated $15.9M sold.

Saba Capital Management first reported a position in BCAT in Q2 2022 and held it in 14 quarters. The position peaked at $272M in Q1 2024. 106 funds tracked by Wall St. Rank hold BCAT as of Q4 2025.

Saba Capital Management reported no remaining BlackRock Capital Allocation Term Trust position as of Q4 2025 after selling out during the quarter.
Saba Capital Management sold 1,078,049 BlackRock Capital Allocation Term Trust shares in Q4 2025, an estimated $15.9M.
Saba Capital Management first reported a position in BlackRock Capital Allocation Term Trust in Q2 2022 and held it in 14 quarters.
Saba Capital Management's BlackRock Capital Allocation Term Trust position peaked at $272M in Q1 2024.
106 funds tracked by Wall St. Rank held BlackRock Capital Allocation Term Trust as of Q4 2025.

Based on Saba Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.