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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
BNY
351
DELISTED
BlackRock New York Municipal Income Trust
BNY
– –
-1,361,044
Closed -$13.8M
BTT icon
352
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
– –
-53,509
Closed -$1.2M
CEV
353
Eaton Vance California Municipal Income Trust
CEV
$70.8M
– –
-352,693
Closed -$3.56M
CF icon
354
CF Industries
CF
$18.2B
– –
-5,013
Closed -$450K
CF icon
355
PUT
CF Industries
CF
$18.2B
– –
-26,800
Closed -$2.4M
CMPOW
356
DELISTED
CompoSecure Inc Warrant
CMPOW
– –
-37,753
Closed -$482K
CPZ
357
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$262M
– –
-11,330
Closed -$183K
EMF
358
Templeton Emerging Markets Fund
EMF
$320M
– –
-44,869
Closed -$751K
ENX
359
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
– –
-3,898,946
Closed -$38.4M
EOD
360
Allspring Global Dividend Opportunity Fund
EOD
$281M
– –
-996,353
Closed -$5.68M
EOSE icon
361
Eos Energy Enterprises
EOSE
$1.57B
– –
-35,000
Closed -$399K
EOSE icon
362
PUT
Eos Energy Enterprises
EOSE
$1.57B
– –
-35,000
Closed -$399K
ERH
363
Allspring Utilities & High Income Fund
ERH
$106M
– –
-11,257
Closed -$139K
EVM
364
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
– –
-4,544,380
Closed -$43.1M
F icon
365
Ford
F
$57.5B
– –
-24,389
Closed -$292K
F icon
366
PUT
Ford
F
$57.5B
– –
-292,800
Closed -$3.5M
FORLW
367
DELISTED
Four Leaf Acquisition Corp Warrants
FORLW
– –
-65,000
Closed -$2.67K
GNT
368
GAMCO Natural Resources, Gold & Income Trust
GNT
$136M
– –
-1,045,186
Closed -$7.35M
HQH
369
abrdn Healthcare Investors
HQH
$1.27B
– –
-80,556
Closed -$1.49M
ISRLW
370
DELISTED
Israel Acquisitions Corp Warrant
ISRLW
– –
-472,500
Closed -$86.9K
JEQ
371
DELISTED
abrdn Japan Equity Fund
JEQ
– –
-551,552
Closed -$4.35M
LNC icon
372
Lincoln National
LNC
$8.82B
– –
-134,392
Closed -$5.42M
MOS icon
373
The Mosaic Company
MOS
$7.22B
– –
-26,993
Closed -$936K
MOS icon
374
PUT
The Mosaic Company
MOS
$7.22B
– –
-192,600
Closed -$6.68M
MSFT icon
375
Microsoft
MSFT
$3.66T
– –
-2,061
Closed -$1.07M
13 14
15
16 17

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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.