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SCM

Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
+5.02%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.8B
AUM Growth
-$1.22B
Cap. Flow
-$1.43B
Cap. Flow %
-29.79%
Top 10 Hldgs %
47.67%
Holding
417
New
28
Increased
55
Reduced
62
Closed
59

Top Buys

Rank Stock Value
1
GDV icon
Gabelli Dividend & Income Trust
GDV
+$36.5M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$28.1M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$27M
4
GAM
General American Investors Company
GAM
+$26.6M
5
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$25.4M

Top Sells

Rank Stock Value
1
ADX icon
Adams Diversified Equity Fund
ADX
+$70.9M
2
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$57.1M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.3M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$33.5M
5
JRI icon
Nuveen Real Asset Income & Growth Fund
JRI
+$26.5M

Sector Composition

Rank Sector Weight
1 Communication Services 1.12%
2 Financials 1.04%
3 Consumer Discretionary 0.85%
4 Technology 0.59%
5 Real Estate 0.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CXW icon
351
CALL
CoreCivic
CXW
$2.98B
– –
-265,100
Closed -$3.44M
CYH icon
352
Community Health Systems
CYH
$417M
– –
-397,494
Closed -$1.34M
DPG
353
Duff & Phelps Utility and Infrastructure Fund
DPG
$521M
– –
-34,971
Closed -$344K
EMBC icon
354
Embecta
EMBC
$227M
– –
-158,831
Closed -$1.99M
FLC
355
Flaherty & Crumrine Total Return Fund
FLC
$176M
– –
-149,070
Closed -$2.32M
IGD
356
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$513M
– –
-51,841
Closed -$266K
IWM icon
357
CALL
iShares Russell 2000 ETF
IWM
$83B
– –
-6,377,200
Closed -$1.29B
KF
358
Korea Fund
KF
$252M
– –
-8,997
Closed -$217K
KTF
359
DWS Municipal Income Trust
KTF
$350M
– –
-2,363,812
Closed -$22.4M
M icon
360
Macy's
M
$6.89B
– –
-13,936
Closed -$226K
MODV
361
DELISTED
ModivCare
MODV
– –
-140,306
Closed -$3.68M
MQT
362
DELISTED
BlackRock MuniYield Quality Fund II
MQT
– –
-53,809
Closed -$554K
NAD icon
363
Nuveen Quality Municipal Income Fund
NAD
$2.74B
– –
-2,850,371
Closed -$33.5M
NAN icon
364
Nuveen New York Quality Municipal Income Fund
NAN
$370M
– –
-826,178
Closed -$9.29M
NAZ icon
365
Nuveen Arizona Quality Municipal Income Fund
NAZ
$157M
– –
-599,564
Closed -$6.69M
NEA icon
366
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.39B
– –
-2,994,982
Closed -$34.3M
NMT icon
367
Nuveen Massachusetts Quality Municipal Income Fund
NMT
$130M
– –
-577,149
Closed -$6.41M
NOM
368
DELISTED
Nuveen Missouri Quality Municipal Income Fund
NOM
– –
-142,790
Closed -$1.48M
NVG icon
369
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.67B
– –
-1,466,137
Closed -$18.3M
NZF icon
370
Nuveen Municipal Credit Income Fund
NZF
$2.43B
– –
-1,471,376
Closed -$18.2M
PFO
371
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$120M
– –
-132,888
Closed -$1.13M
PMO
372
Franklin Municipal Opportunities Trust
PMO
$280M
– –
-45,223
Closed -$464K
SDHY
373
PGIM Short Duration High Yield Opportunities Fund
SDHY
$400M
– –
-34,203
Closed -$524K
XRX icon
374
Xerox
XRX
$424M
– –
-33,926
Closed -$394K
DJT icon
375
Trump Media & Technology Group
DJT
$2.86B
– –
-201,838
Closed -$4.68M
13 14
15
16 17

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Saba Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Saba Capital Management held 417 positions worth $4.8B, down 20% from $6.01B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management withdrew a net $1.43B in Q3 2024, closing 59 positions and reducing 62 holdings. Its most notable exit was Nuveen AMT-Free Quality Municipal Income Fund, an estimated $34.3M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 1.1% of assets, up from 0.48% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in Morgan Stanley India Investment Fund worth $20.3M.

  • Saba Capital Management's largest Q3 2024 buy was Morgan Stanley India Investment Fund: 675,703 shares worth $20.3M.
  • Saba Capital Management added most to Gabelli Dividend & Income Trust in Q3 2024, an estimated $36.5M increase.
  • Saba Capital Management's biggest Q3 2024 reduction was Adams Diversified Equity Fund, cutting an estimated $70.9M.
  • Saba Capital Management fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q3 2024, selling an estimated $34.3M.
  • Saba Capital Management's ten largest holdings make up 48% of its $4.8B portfolio in Q3 2024.
  • Saba Capital Management opened 28 new positions and closed 59 in Q3 2024.
  • Saba Capital Management's portfolio value fell 20% quarter-over-quarter to $4.8B.

Based on Saba Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.