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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
+8.29%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$3.66B
AUM Growth
-$599M
Cap. Flow
-$853M
Cap. Flow %
-23.31%
Top 10 Hldgs %
44.39%
Holding
376
New
53
Increased
42
Reduced
87
Closed
47

Top Buys

Rank Stock Value
1
ASA
ASA Gold and Precious Metals
ASA
+$50.9M
2
RVT icon
Royce Value Trust
RVT
+$22.1M
3
TY icon
TRI-Continental Corp
TY
+$17M
4
WENN
Wen Acquisition Corp
WENN
+$15.9M
5
GAM
General American Investors Company
GAM
+$14.1M

Top Sells

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$445M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$101M
3
MHI
Pioneer Municipal High Income Fund
MHI
+$38.5M
4
ADX icon
Adams Diversified Equity Fund
ADX
+$33.4M
5
MAV
Pioneer Municipal High Income Advantage Fund
MAV
+$33.3M

Sector Composition

Rank Sector Weight
1 Financials 4.4%
2 Technology 2.69%
3 Communication Services 2.13%
4 Consumer Discretionary 1.37%
5 Industrials 1.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CCIIW
226
Cohen Circle Acquisition Corp II Warrant
CCIIW
$4.21M
$150K ﹤0.01%
+187,499
New +$141K
ERH
227
Allspring Utilities & High Income Fund
ERH
$106M
$139K ﹤0.01%
11,257
-328,526
-97% -$3.92M
GCTS.WS
228
GCT Semiconductor Holding Warrants
GCTS.WS
$16M
$138K ﹤0.01%
710,648
– –
ETW
229
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.04B
$136K ﹤0.01%
+15,026
New +$133K
BGY icon
230
BlackRock Enhanced International Dividend Trust
BGY
$526M
$135K ﹤0.01%
23,405
-378,854
-94% -$2.18M
ENGNW icon
231
enGene Therapeutics Warrants
ENGNW
$3.27M
$128K ﹤0.01%
178,334
– –
FTW.WS
232
Presidio Production Co Warrants
FTW.WS
$112K ﹤0.01%
235,038
+3,446
+1% +$1.89K
DAICW
233
CID HoldCo Inc Warrants
DAICW
$70.5K
$110K ﹤0.01%
726,048
– –
DRDBW
234
Roman DBDR Acquisition Corp II Warrants
DRDBW
$89.7K ﹤0.01%
174,262
– –
ISRLW
235
DELISTED
Israel Acquisitions Corp Warrant
ISRLW
$86.9K ﹤0.01%
472,500
– –
EVAC.WS
236
EQV Ventures Acquisition Corp II Warrants
EVAC.WS
$82.5K ﹤0.01%
+336,579
New +$93.6K
NETDW
237
DELISTED
Nabors Energy Transition Corp II Warrant
NETDW
$81.8K ﹤0.01%
352,804
– –
LOKVW
238
DELISTED
Live Oak Acquisition Corp V Warrants
LOKVW
$79.7K ﹤0.01%
164,350
– –
HOVRW icon
239
New Horizon Aircraft Ltd
HOVRW
$11.5M
$77.5K ﹤0.01%
199,659
– –
UHGWW
240
DELISTED
United Homes Group Warrant
UHGWW
$77K ﹤0.01%
45,810
-9,300
-17% -$12.8K
FLYX.WS icon
241
flyExclusive Inc Warrants
FLYX.WS
$73.2K ﹤0.01%
230,500
– –
FACTW
242
FACT II Acquisition Corp Warrant
FACTW
$1.75M
$71.2K ﹤0.01%
237,350
– –
AISPW
243
Airship AI Holdings Warrants
AISPW
$13.1M
$71.1K ﹤0.01%
42,591
– –
MACIW
244
Melar Acquisition Corp I Warrant
MACIW
$68.6K ﹤0.01%
438,551
– –
RTACW
245
DELISTED
Renatus Tactical Acquisition Corp I Warrant
RTACW
$68.2K ﹤0.01%
56,866
– –
SLDPW icon
246
Solid Power Inc Warrant
SLDPW
$8.72M
$65.5K ﹤0.01%
154,086
-21,200
-12% -$11.5K
KIDZW
247
KIDZ AI Inc Warrants
KIDZW
$274K
$56.1K ﹤0.01%
699,290
– –
UWMC.WS
248
DELISTED
UWM Holdings Warrants
UWMC.WS
$52.8K ﹤0.01%
380,604
– –
GPATW
249
GP-Act III Acquisition Corp Warrants
GPATW
$51.2K ﹤0.01%
193,229
– –
HVIIR
250
Hennessy Capital Investment Corp VII Rights
HVIIR
$50.8K ﹤0.01%
175,000
– –
8 9
10
11 12

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Saba Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Saba Capital Management held 376 positions worth $3.66B, down 14% from $4.26B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Saba Capital Management withdrew a net $853M in Q3 2025, closing 47 positions and reducing 87 holdings. Its most notable exit was BlackRock Technology and Private Equity Term Trust, an estimated $445M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.4% of assets, up from 2.6% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Saba Capital Management opened a new position in Royce Value Trust worth $22.6M.

  • Saba Capital Management's largest Q3 2025 buy was Royce Value Trust: 1,404,173 shares worth $22.6M.
  • Saba Capital Management added most to ASA Gold and Precious Metals in Q3 2025, an estimated $50.9M increase.
  • Saba Capital Management's biggest Q3 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $101M.
  • Saba Capital Management fully exited BlackRock Technology and Private Equity Term Trust in Q3 2025, selling an estimated $445M.
  • Saba Capital Management's ten largest holdings make up 44% of its $3.66B portfolio in Q3 2025.
  • Saba Capital Management opened 53 new positions and closed 47 in Q3 2025.
  • Saba Capital Management's portfolio value fell 14% quarter-over-quarter to $3.66B.

Based on Saba Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.