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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
-0.1%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$3.37B
AUM Growth
-$292M
Cap. Flow
-$275M
Cap. Flow %
-8.16%
Top 10 Hldgs %
47.48%
Holding
415
New
86
Increased
59
Reduced
59
Closed
65

Top Buys

Rank Stock Value
1
BPRE
Bluerock Private Real Estate Fund
BPRE
+$47.4M
2
ASA
ASA Gold and Precious Metals
ASA
+$37.3M
3
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$19.2M
4
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$14.6M
5
RMT
Royce Micro-Cap Trust
RMT
+$12.5M

Top Sells

Rank Stock Value
1
EVM
Eaton Vance California Municipal Bond Fund
EVM
+$43.1M
2
ENX
Eaton Vance New York Municipal Bond Fund
ENX
+$38.4M
3
ADX icon
Adams Diversified Equity Fund
ADX
+$29.9M
4
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.5M
5
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$20.7M

Sector Composition

Rank Sector Weight
1 Financials 7.78%
2 Technology 2.83%
3 Communication Services 2.24%
4 Consumer Discretionary 2.07%
5 Industrials 1.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GGROW
326
Gogoro Inc Warrant
GGROW
$3.52K ﹤0.01%
400,330
– –
TBLAW
327
DELISTED
Taboola.com Ltd Warrant
TBLAW
$3.43K ﹤0.01%
72,280
– –
HUBCW icon
328
Hub Cyber Security Warrant 2/27/28
HUBCW
$180K
$3K ﹤0.01%
179,799
– –
SRTAW
329
DELISTED
Strata Critical Medical Inc Warrants
SRTAW
$3K ﹤0.01%
27,728
– –
RMCOW icon
330
Royalty Management Holding Warrant
RMCOW
$2.53K ﹤0.01%
19,443
– –
OABIW icon
331
OmniAb Inc Warrant
OABIW
$2.17K ﹤0.01%
19,900
– –
ECXWW
332
ECARX Holdings Warrants
ECXWW
$2.06K ﹤0.01%
43,358
– –
ALUR.WS
333
DELISTED
Allurion Technologies Warrants
ALUR.WS
$1.87K ﹤0.01%
122,683
– –
BNZIW icon
334
Banzai International Warrant
BNZIW
$167K
$1.85K ﹤0.01%
124,100
– –
LOTWW
335
DELISTED
Lotus Technology Inc Warrants
LOTWW
$1.69K ﹤0.01%
26,945
– –
SWVLW icon
336
Swvl Holdings Corp Warrant
SWVLW
$148K
$1.53K ﹤0.01%
170,222
– –
PERF.WS
337
DELISTED
Perfect Corp Warrants
PERF.WS
$1.25K ﹤0.01%
41,822
– –
ASTLW icon
338
Algoma Steel Group Warrant
ASTLW
$242K
$842 ﹤0.01%
10,200
– –
CREVW
339
DELISTED
Carbon Revolution PLC Warrant
CREVW
$786 ﹤0.01%
81,901
– –
BSLKW
340
DELISTED
Bolt Projects Holdings Warrant
BSLKW
$682 ﹤0.01%
41,097
– –
ORGNW
341
DELISTED
Origin Materials Inc Warrants
ORGNW
$608 ﹤0.01%
155,950
– –
CCGWW
342
Cheche Group Inc Warrant
CCGWW
$451 ﹤0.01%
22,099
– –
BFLY.WS
343
DELISTED
Butterfly Network Inc Warrants
BFLY.WS
$322 ﹤0.01%
16,866
– –
SLXNW
344
Silexion Therapeutics Warrant
SLXNW
$102K
$318 ﹤0.01%
11,937
– –
ADVWW
345
DELISTED
Advantage Solutions Warrant
ADVWW
– –
-151,879
Closed -$1.34K
ADX icon
346
Adams Diversified Equity Fund
ADX
$3.19B
– –
-1,339,238
Closed -$29.9M
BAC icon
347
PUT
Bank of America
BAC
$437B
– –
-209,900
Closed -$10.8M
BCAT icon
348
BlackRock Capital Allocation Term Trust
BCAT
$1.66B
– –
-1,078,049
Closed -$15.9M
BCX icon
349
BlackRock Resources & Commodities Strategy Trust
BCX
$903M
– –
-1,260,680
Closed -$12.8M
BGY icon
350
BlackRock Enhanced International Dividend Trust
BGY
$528M
– –
-23,405
Closed -$135K
12 13
14
15 16

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Saba Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Saba Capital Management held 415 positions worth $3.37B, down 8% from $3.66B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Saba Capital Management withdrew a net $275M in Q4 2025, closing 65 positions and reducing 59 holdings. Its most notable exit was Eaton Vance California Municipal Bond Fund, an estimated $43.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, up from 4.4% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Saba Capital Management opened a new position in Bluerock Private Real Estate Fund worth $46.1M.

  • Saba Capital Management's largest Q4 2025 buy was Bluerock Private Real Estate Fund: 3,074,615 shares worth $46.1M.
  • Saba Capital Management added most to ASA Gold and Precious Metals in Q4 2025, an estimated $37.3M increase.
  • Saba Capital Management's biggest Q4 2025 reduction was BlackRock ESG Capital Allocation Term Trust, cutting an estimated $23.5M.
  • Saba Capital Management fully exited Eaton Vance California Municipal Bond Fund in Q4 2025, selling an estimated $43.1M.
  • Saba Capital Management's ten largest holdings make up 47% of its $3.37B portfolio in Q4 2025.
  • Saba Capital Management opened 86 new positions and closed 65 in Q4 2025.
  • Saba Capital Management's portfolio value fell 8% quarter-over-quarter to $3.37B.

Based on Saba Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.