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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
CAPTW
276
DELISTED
Captivision Inc Warrant
CAPTW
$23.4K ﹤0.01%
649,998
– –
NOTE.WS
277
DELISTED
FiscalNote Holdings Warrants
NOTE.WS
$21.2K ﹤0.01%
273,057
– –
GCLWW
278
GCL Global Holdings Warrants
GCLWW
$19.2K ﹤0.01%
275,000
– –
NHICW
279
NewHold Investment Corp III Warrants
NHICW
$18.8M
$18.2K ﹤0.01%
49,998
– –
RAC.WS
280
Rithm Acquisition Corp Warrants
RAC.WS
$15.9K ﹤0.01%
25,000
– –
NVNIW
281
Nvni Group Limited Warrants
NVNIW
$838K
$15.2K ﹤0.01%
211,075
– –
KFIIR
282
K&F Growth Acquisition Corp II Rights
KFIIR
$14K ﹤0.01%
100,000
– –
GWH.WS
283
DELISTED
ESS Tech Inc Warrant
GWH.WS
$13.2K ﹤0.01%
303,596
– –
BRLSW icon
284
Borealis Foods Inc Warrant
BRLSW
$12.6K ﹤0.01%
166,894
– –
NAMMW
285
Namib Minerals Warrants
NAMMW
$3.81M
$12.1K ﹤0.01%
83,480
– –
OSRHW
286
OSR Health Warrant
OSRHW
$347K
$9.79K ﹤0.01%
250,000
– –
DHAIW
287
DELISTED
DIH Holding US Inc Warrants
DHAIW
$9.64K ﹤0.01%
945,000
– –
BDMDW
288
Baird Medical Investment Holdings Warrant
BDMDW
$9.41K ﹤0.01%
132,013
– –
GGROW
289
Gogoro Inc Warrant
GGROW
$9.41K ﹤0.01%
400,330
– –
CDTTW
290
CDT Equity Inc Warrant
CDTTW
$1.56M
$9.06K ﹤0.01%
765,000
– –
VGASW icon
291
Verde Clean Fuels Warrant
VGASW
$547K
$8.9K ﹤0.01%
73,108
– –
PBMWW
292
Psyence Biomedical Warrant
PBMWW
$457K
$7.51K ﹤0.01%
297,847
– –
SMXWW
293
SMX (Security Matters) Public Ltd Warrant
SMXWW
$870K
$6.46K ﹤0.01%
265,947
– –
TBLAW
294
DELISTED
Taboola.com Ltd Warrant
TBLAW
$5.79K ﹤0.01%
72,280
– –
SRTAW
295
DELISTED
Strata Critical Medical Inc Warrants
SRTAW
$5.77K ﹤0.01%
27,728
– –
SONDW
296
DELISTED
Sonder Holdings Inc Warrants
SONDW
$5.74K ﹤0.01%
531,114
– –
LPBBW
297
Launch Two Acquisition Corp Warrant
LPBBW
$5.34K ﹤0.01%
14,427
– –
VSEEW
298
VSee Health Warrant
VSEEW
$248K
$4.94K ﹤0.01%
243,249
– –
CEROW
299
DELISTED
CERo Therapeutics Warrants
CEROW
$4.26K ﹤0.01%
295,913
– –
CDIOW icon
300
Cardio Diagnostics Holdings Inc Warrant
CDIOW
$730K
$4.09K ﹤0.01%
199,839
– –
10 11
12
13 14

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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.