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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
-2.02%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$3.7B
AUM Growth
-$569M
Cap. Flow
-$423M
Cap. Flow %
-11.43%
Top 10 Hldgs %
54.61%
Holding
311
New
26
Increased
54
Reduced
58
Closed
41

Top Buys

Rank Stock Value
1
EVTL icon
Vertical Aerospace
EVTL
+$23.5M
2
PDX
PIMCO Dynamic Income Strategy Fund
PDX
+$18.7M
3
BMBL icon
Bumble
BMBL
+$11M
4
NBXG
Neuberger Next Generation Connectivity Fund Inc
NBXG
+$10.6M
5
DAL icon
Delta Air Lines
DAL
+$8.2M

Top Sells

Rank Stock Value
1
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$30.3M
2
ASGI
abrdn Global Infrastructure Income Fund
ASGI
+$28.6M
3
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$27.6M
4
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$21.2M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$20.1M

Sector Composition

Rank Sector Weight
1 Communication Services 1.37%
2 Consumer Discretionary 1.37%
3 Technology 0.98%
4 Industrials 0.76%
5 Financials 0.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PNF
276
DELISTED
PIMCO New York Municipal Income Fund
PNF
– –
-14,771
Closed -$110K
QBTS.WS
277
DELISTED
D-Wave Quantum Inc Warrants
QBTS.WS
– –
-17,930
Closed -$70.7K
TPZ
278
Tortoise Electrification Infrastructure ETF
TPZ
$126M
– –
-11,234
Closed -$225K
VMO icon
279
Invesco Municipal Opportunity Trust
VMO
$650M
– –
-2,180,578
Closed -$21.2M
VTN icon
280
Invesco Trust for Investment Grade New York Municipals
VTN
$163M
– –
-200,901
Closed -$2.1M
WRLD icon
281
World Acceptance Corp
WRLD
$902M
– –
-9,226
Closed -$1.04M
X
282
PUT
DELISTED
US Steel
X
– –
-552,400
Closed -$18.8M
ZTR
283
Virtus Total Return Fund
ZTR
$337M
– –
-608,509
Closed -$3.57M
MRLN
284
Merlin Inc
MRLN
$409M
– –
-1,224,823
Closed -$12.1M
USARW
285
DELISTED
USA Rare Earth Inc Warrant
USARW
– –
-100,000
Closed -$50K
ETWO.WS
286
DELISTED
E2open Parent Holdings, Inc. Warrants, each whole warrant exercisable for one Class A Common Stock at an exercise price of $11.50
ETWO.WS
– –
-304,759
Closed -$5.73K
VMCAW
287
DELISTED
Valuence Merger Corp. I Warrant
VMCAW
– –
-926,848
Closed -$32.5K
NKGNW
288
DELISTED
NKGen Biotech, Inc. Warrants
NKGNW
– –
-31,129
Closed -$3.5K
FTIIW
289
DELISTED
FutureTech II Acquisition Corp. Warrant
FTIIW
– –
-650,003
Closed -$11.7K
BLACR
290
DELISTED
Bellevue Life Sciences Acquisition Corp. Rights
BLACR
– –
-250,000
Closed -$33.6K
RFACR
291
DELISTED
RF Acquisition Corp. Rights
RFACR
– –
-275,000
Closed -$39.5K
RFACW
292
DELISTED
RF Acquisition Corp. Warrants
RFACW
– –
-275,000
Closed -$12.1K
CTV.WS
293
DELISTED
Innovid Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
CTV.WS
– –
-34,236
Closed -$3.51K
EVGRW
294
DELISTED
Evergreen Corporation Warrant
EVGRW
– –
-905,624
Closed -$21.3K
HYB
295
DELISTED
New America High Income Fund, Inc.
HYB
– –
-1,866,253
Closed -$15.2M
HYZNW
296
DELISTED
Hyzon Motors Inc. Warrants
HYZNW
– –
-73,492
Closed -$364
TETEW
297
DELISTED
Technology & Telecommunication Acquisition Corporation Warrant
TETEW
– –
-650,000
Closed -$10.6K
PPYAW
298
DELISTED
Papaya Growth Opportunity Corp. I Warrant
PPYAW
– –
-1,142,325
Closed -$29.7K
BRACR
299
DELISTED
Broad Capital Acquisition Corp Rights
BRACR
– –
-800,000
Closed -$88K
CITEW
300
DELISTED
Cartica Acquisition Corp Warrant
CITEW
– –
-924,997
Closed -$250K
9 10 11
12
13

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Saba Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Saba Capital Management held 311 positions worth $3.7B, down 13% from $4.27B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Saba Capital Management withdrew a net $423M in Q1 2025, closing 41 positions and reducing 58 holdings. Its most notable exit was Invesco Municipal Opportunity Trust, an estimated $21.2M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 1.4% of assets, up from 1.1% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Saba Capital Management opened a new position in Vertical Aerospace worth $14.1M.

  • Saba Capital Management's largest Q1 2025 buy was Vertical Aerospace: 4,199,443 shares worth $14.1M.
  • Saba Capital Management added most to PIMCO Dynamic Income Strategy Fund in Q1 2025, an estimated $18.7M increase.
  • Saba Capital Management's biggest Q1 2025 reduction was BlackRock Science and Technology Term Trust, cutting an estimated $30.3M.
  • Saba Capital Management fully exited Invesco Municipal Opportunity Trust in Q1 2025, selling an estimated $21.2M.
  • Saba Capital Management's ten largest holdings make up 55% of its $3.7B portfolio in Q1 2025.
  • Saba Capital Management opened 26 new positions and closed 41 in Q1 2025.
  • Saba Capital Management's portfolio value fell 13% quarter-over-quarter to $3.7B.

Based on Saba Capital Management's 13F filing for Q1 2025, filed 15 May 2025.