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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
CCGWW
276
Cheche Group Inc Warrant
CCGWW
$718 ﹤0.01%
22,099
– –
RMCOW icon
277
Royalty Management Holding Warrant
RMCOW
$506 ﹤0.01%
19,443
– –
SLXNW
278
Silexion Therapeutics Warrant
SLXNW
$102K
$488 ﹤0.01%
11,937
– –
HYZNW
279
DELISTED
Hyzon Motors Inc. Warrants
HYZNW
$364 ﹤0.01%
73,492
– –
AAL icon
280
American Airlines Group
AAL
$10.6B
– –
-251,233
Closed -$3.61M
ARQQW icon
281
Arqit Quantum Warrants
ARQQW
$186K
– –
-45,069
Closed -$4.15K
BABA icon
282
Alibaba
BABA
$305B
– –
-26,274
Closed -$2.79M
BDJ icon
283
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.73B
– –
-41,984
Closed -$363K
BILL icon
284
PUT
BILL Holdings
BILL
$4.7B
– –
-100,000
Closed -$5.28M
BTM
285
DELISTED
Bitcoin Depot
BTM
– –
-9,133
Closed -$101K
CMU
286
DELISTED
MFS High Yield Municipal Trust
CMU
– –
-84,651
Closed -$310K
DMF
287
DELISTED
BNY Mellon Municipal Income
DMF
– –
-1,257,479
Closed -$9.19M
IDE
288
Voya Infrastructure, Industrials and Materials Fund
IDE
$198M
– –
-276,684
Closed -$3.14M
IGA
289
Voya Global Advantage and Premium Opportunity Fund
IGA
$156M
– –
-60,395
Closed -$574K
JRI icon
290
Nuveen Real Asset Income & Growth Fund
JRI
$352M
– –
-533,536
Closed -$7.29M
JWN
291
DELISTED
Nordstrom
JWN
– –
-131,722
Closed -$3.04M
MUE
292
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
– –
-446,088
Closed -$4.77M
NAC icon
293
Nuveen California Quality Municipal Income Fund
NAC
$1.82B
– –
-2,856,097
Closed -$34M
NAVI icon
294
Navient
NAVI
$830M
– –
-265,740
Closed -$4.14M
NAVI icon
295
PUT
Navient
NAVI
$830M
– –
-1,183,000
Closed -$18.4M
NPFD icon
296
Nuveen Variable Rate Preferred & Income Fund
NPFD
$440M
– –
-616,954
Closed -$11.7M
PYN
297
DELISTED
PIMCO New York Municipal Income Fund III
PYN
– –
-36,830
Closed -$232K
RVT icon
298
Royce Value Trust
RVT
$2.26B
– –
-75,048
Closed -$1.18M
SBI
299
Western Asset Intermediate Muni Fund
SBI
$107M
– –
-125,453
Closed -$1.03M
UNFI icon
300
United Natural Foods
UNFI
$2.87B
– –
-40,598
Closed -$683K
10 11
12
13 14

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GCM
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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.