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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
-3.79%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.27B
AUM Growth
-$530M
Cap. Flow
-$408M
Cap. Flow %
-9.56%
Top 10 Hldgs %
53.58%
Holding
370
New
14
Increased
54
Reduced
78
Closed
84

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$33.6M
2
TYG
Tortoise Energy Infrastructure Corp
TYG
+$24.1M
3
GAM
General American Investors Company
GAM
+$23M
4
CNNE icon
Cannae Holdings
CNNE
+$21.3M
5
GDV icon
Gabelli Dividend & Income Trust
GDV
+$19.8M

Top Sells

Rank Stock Value
1
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$40.2M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$40.2M
3
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$34M
4
VTN icon
Invesco Trust for Investment Grade New York Municipals
VTN
+$28.7M
5
VPV icon
Invesco Pennsylvania Value Municipal Income Trust
VPV
+$26.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 1.37%
2 Communication Services 1.12%
3 Technology 0.81%
4 Financials 0.81%
5 Industrials 0.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVNIW
226
Nvni Group Limited Warrants
NVNIW
$838K
$15.5K ﹤0.01%
211,075
– –
ASTLW icon
227
Algoma Steel Group Warrant
ASTLW
$198K
$15.3K ﹤0.01%
+10,200
New +$18.1K
SMXWW
228
SMX (Security Matters) Public Ltd Warrant
SMXWW
$870K
$15.3K ﹤0.01%
265,947
– –
DECAW
229
DELISTED
Denali Capital Acquisition Corp. Warrant
DECAW
$15.3K ﹤0.01%
410,000
– –
WALDW icon
230
Waldencast PLC Warrant
WALDW
$4.68M
$14.5K ﹤0.01%
99,998
– –
BNAIW
231
Brand Engagement Network Warrant
BNAIW
$13.4K ﹤0.01%
212,302
– –
IVCAW
232
DELISTED
Investcorp AI Acquisition Corp. Warrant
IVCAW
$13.1K ﹤0.01%
724,998
– –
BRLSW icon
233
Borealis Foods Inc Warrant
BRLSW
$12.9K ﹤0.01%
166,894
– –
SRTAW
234
DELISTED
Strata Critical Medical Inc Warrants
SRTAW
$12.3K ﹤0.01%
29,935
– –
RFACW
235
DELISTED
RF Acquisition Corp. Warrants
RFACW
$12.1K ﹤0.01%
275,000
– –
VSEEW
236
VSee Health Warrant
VSEEW
$248K
$12.1K ﹤0.01%
243,249
– –
DISTR
237
DELISTED
Distoken Acquisition Corporation Right
DISTR
$12.1K ﹤0.01%
99,762
– –
FTIIW
238
DELISTED
FutureTech II Acquisition Corp. Warrant
FTIIW
$11.7K ﹤0.01%
650,003
– –
OSRHW
239
OSR Health Warrant
OSRHW
$347K
$11K ﹤0.01%
250,000
– –
HCVIW
240
DELISTED
Hennessy Capital Investment Corp. VI Warrant
HCVIW
$10.9K ﹤0.01%
83,480
– –
TETEW
241
DELISTED
Technology & Telecommunication Acquisition Corporation Warrant
TETEW
$10.6K ﹤0.01%
650,000
– –
CAPTW
242
DELISTED
Captivision Inc Warrant
CAPTW
$10.2K ﹤0.01%
649,998
– –
ISRLW
243
DELISTED
Israel Acquisitions Corp Warrant
ISRLW
$10K ﹤0.01%
222,500
– –
CYCUW
244
Cycurion Inc Warrant
CYCUW
$381K
$9.28K ﹤0.01%
500,000
– –
OABIW icon
245
OmniAb Inc Warrant
OABIW
$7.8K ﹤0.01%
20,000
– –
LSBPW
246
DELISTED
LakeShore Biopharma Warrants
LSBPW
$7.73K ﹤0.01%
97,299
– –
RENEW
247
DELISTED
Cartesian Growth Corporation II Warrant
RENEW
$7.5K ﹤0.01%
88,329
– –
GGROW
248
Gogoro Inc Warrant
GGROW
$7.41K ﹤0.01%
400,330
– –
HUBCW icon
249
Hub Cyber Security Warrant 2/27/28
HUBCW
$180K
$6.76K ﹤0.01%
179,799
– –
CREVW
250
DELISTED
Carbon Revolution PLC Warrant
CREVW
$6.14K ﹤0.01%
81,901
– –
8 9
10
11 12

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Saba Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Saba Capital Management held 370 positions worth $4.27B, down 11% from $4.8B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Saba Capital Management withdrew a net $408M in Q4 2024, closing 84 positions and reducing 78 holdings. Its most notable exit was Nuveen California Quality Municipal Income Fund, an estimated $34M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 1.4% of assets, up from 0.85% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Saba Capital Management opened a new position in Merlin Inc worth $12.1M.

  • Saba Capital Management's largest Q4 2024 buy was Merlin Inc: 1,224,823 shares worth $12.1M.
  • Saba Capital Management added most to BlackRock Technology and Private Equity Term Trust in Q4 2024, an estimated $33.6M increase.
  • Saba Capital Management's biggest Q4 2024 reduction was Invesco Municipal Opportunity Trust, cutting an estimated $40.2M.
  • Saba Capital Management fully exited Nuveen California Quality Municipal Income Fund in Q4 2024, selling an estimated $34M.
  • Saba Capital Management's ten largest holdings make up 54% of its $4.27B portfolio in Q4 2024.
  • Saba Capital Management opened 14 new positions and closed 84 in Q4 2024.
  • Saba Capital Management's portfolio value fell 11% quarter-over-quarter to $4.27B.

Based on Saba Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.