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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
+1.08%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$3.84B
AUM Growth
-$1.4B
Cap. Flow
-$1.57B
Cap. Flow %
-40.79%
Top 10 Hldgs %
32.08%
Holding
807
New
42
Increased
98
Reduced
132
Closed
180

Top Buys

Rank Stock Value
1
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$56.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$42.4M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$33.3M
4
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$31.6M
5
FSCO
FS Credit Opportunities Corp
FSCO
+$31.3M

Top Sells

Rank Stock Value
1
GCTS
GCT Semiconductor Holding
GCTS
+$26.9M
2
BLEU
bleuacacia ltd Class A Ordinary Shares
BLEU
+$25.7M
3
NETC
Nabors Energy Transition Corp.
NETC
+$24.5M
4
HWKZ
Hawks Acquisition Corp
HWKZ
+$22.4M
5
BTM
Bitcoin Depot
BTM
+$22.2M

Sector Composition

Rank Sector Weight
1 Financials 13.74%
2 Technology 1.42%
3 Consumer Discretionary 1.02%
4 Industrials 0.9%
5 Energy 0.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JRO
276
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$925K 0.02%
118,559
+95,183
+407% +$740K
FRLA
277
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$916K 0.02%
84,824
-697,884
-89% -$7.49M
BWG
278
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$911K 0.02%
113,316
-59,940
-35% -$472K
BOE icon
279
BlackRock Enhanced Global Dividend Trust
BOE
$673M
$881K 0.02%
87,475
– –
AFTR
280
DELISTED
AfterNext HealthTech Acquisition Corp
AFTR
$881K 0.02%
85,000
– –
ARBE icon
281
Arbe Robotics
ARBE
$80.3M
$832K 0.02%
288,061
– –
BGB
282
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$801K 0.02%
73,252
-137,644
-65% -$1.47M
ARDC
283
Are Dynamic Credit Allocation Fund
ARDC
$297M
$793K 0.02%
64,308
-36,392
-36% -$437K
TGAA
284
DELISTED
Target Global Acquisition I Corp. Class A Ordinary Share
TGAA
$779K 0.02%
72,985
-1,347,215
-95% -$14.2M
EMF
285
Templeton Emerging Markets Fund
EMF
$317M
$739K 0.02%
62,414
+164
+0.3% +$1.9K
ATEK
286
DELISTED
Athena Technology Acquisition Corp. II
ATEK
$733K 0.02%
70,241
-1,660,490
-96% -$17.1M
PHD
287
DELISTED
Pioneer Floating Rate Fund
PHD
$711K 0.02%
+81,915
New +$702K
LUV icon
288
Southwest Airlines
LUV
$22B
$684K 0.02%
18,900
– –
FORLU
289
DELISTED
Four Leaf Acquisition Corp Unit
FORLU
$677K 0.02%
65,000
– –
GLQ
290
Clough Global Equity Fund
GLQ
$152M
$638K 0.02%
102,242
+47,459
+87% +$285K
KF
291
Korea Fund
KF
$231M
$608K 0.02%
26,272
– –
PYPL icon
292
PayPal
PYPL
$48.9B
$604K 0.02%
9,058
– –
AEF
293
abrdn Emerging Markets Equity Income Fund
AEF
$356M
$603K 0.02%
116,183
-2,073
-2% -$10.7K
HNW
294
DELISTED
Pioneer Diversified High Income Fund
HNW
$585K 0.02%
+57,964
New +$581K
FTF
295
Franklin Limited Duration Income Trust
FTF
$231M
$578K 0.02%
93,603
– –
NSL
296
DELISTED
NUVEEN SENIOR INCM FD
NSL
$573K 0.01%
+125,045
New +$570K
SNAP icon
297
Snap
SNAP
$7.89B
$572K 0.01%
48,321
-222,841
-82% -$2.24M
GLV
298
Clough Global Dividend & Income Fund
GLV
$78.1M
$569K 0.01%
102,455
+61,985
+153% +$348K
SABR icon
299
Sabre
SABR
$731M
$568K 0.01%
178,070
– –
JFR icon
300
Nuveen Floating Rate Income Fund
JFR
$1.24B
$552K 0.01%
+69,962
New +$562K
10 11
12
13 14

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Saba Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Saba Capital Management held 807 positions worth $3.84B, down 27% from $5.24B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Saba Capital Management withdrew a net $1.57B in Q2 2023, closing 180 positions and reducing 132 holdings. Its most notable exit was GCT Semiconductor Holding, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 32% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in FS Credit Opportunities Corp worth $33.6M.

  • Saba Capital Management's largest Q2 2023 buy was FS Credit Opportunities Corp: 7,069,959 shares worth $33.6M.
  • Saba Capital Management added most to BlackRock ESG Capital Allocation Term Trust in Q2 2023, an estimated $56.8M increase.
  • Saba Capital Management's biggest Q2 2023 reduction was Nabors Energy Transition Corp., cutting an estimated $24.5M.
  • Saba Capital Management fully exited GCT Semiconductor Holding in Q2 2023, selling an estimated $26.9M.
  • Saba Capital Management's ten largest holdings make up 32% of its $3.84B portfolio in Q2 2023.
  • Saba Capital Management opened 42 new positions and closed 180 in Q2 2023.
  • Saba Capital Management's portfolio value fell 27% quarter-over-quarter to $3.84B.

Based on Saba Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.