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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
+3.86%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$5.24B
AUM Growth
-$2.15B
Cap. Flow
-$2.37B
Cap. Flow %
-45.31%
Top 10 Hldgs %
21.94%
Holding
1,000
New
76
Increased
83
Reduced
101
Closed
236

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$52.7M
2
ADX icon
Adams Diversified Equity Fund
ADX
+$44.1M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$42.2M
4
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$32.3M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$25.2M

Top Sells

Rank Stock Value
1
HERA
FTAC Hera Acquisition Corp. Class A Ordinary Shares
HERA
+$45.5M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$40.6M
3
BCSA
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
+$36.4M
4
FSNB
Fusion Acquisition Corp. II
FSNB
+$34.8M
5
PTOC
Pine Technology Acquisition Corp. Class A Common Stock
PTOC
+$34M

Sector Composition

Rank Sector Weight
1 Financials 32.07%
2 Industrials 3.09%
3 Technology 2.81%
4 Consumer Discretionary 1.8%
5 Healthcare 1.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LUV icon
401
Southwest Airlines
LUV
$23B
$615K 0.01%
18,900
-51,900
-73% -$1.77M
NRK icon
402
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$897M
$606K 0.01%
57,354
– –
FTF
403
Franklin Limited Duration Income Trust
FTF
$231M
$578K 0.01%
93,603
– –
KF
404
Korea Fund
KF
$236M
$577K 0.01%
26,272
-6,160
-19% -$140K
GOGN.WS
405
DELISTED
GoGreen Investments Corporation Redeemable Warrants
GOGN.WS
$574K 0.01%
940,236
-59,200
-6% -$31K
FDEU
406
DELISTED
First Trust Dynamic Europe Equity Income Fund
FDEU
$559K 0.01%
43,859
-23,523
-35% -$284K
GRNT.WS
407
DELISTED
Granite Ridge Resources, Inc. Warrants to purchase Common Stock, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share
GRNT.WS
$517K 0.01%
796,044
– –
MHI
408
DELISTED
Pioneer Municipal High Income Fund
MHI
$494K 0.01%
+55,608
New +$496K
PFTA
409
DELISTED
Perception Capital Corp. III Class A Ordinary Share
PFTA
$454K 0.01%
44,270
– –
FICV
410
DELISTED
Frontier Investment Corp Class A Ordinary Shares
FICV
$454K 0.01%
44,343
– –
ROCAR
411
DELISTED
ROC Energy Acquisition Corp. Rights
ROCAR
$416K 0.01%
1,232,957
– –
BHIL
412
DELISTED
Benson Hill, Inc.
BHIL
$415K 0.01%
10,309
– –
JWACR
413
DELISTED
Jupiter Wellness Acquisition Corp. Right
JWACR
$400K 0.01%
999,942
– –
FAM
414
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$392K 0.01%
65,410
-2,096
-3% -$12.5K
AOD
415
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$356K 0.01%
44,115
– –
GLQ
416
Clough Global Equity Fund
GLQ
$155M
$332K 0.01%
+54,783
New +$337K
HIPO icon
417
Hippo Holdings
HIPO
$859M
$317K 0.01%
19,528
– –
MAV
418
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$297K 0.01%
36,051
+11,421
+46% +$94.5K
HWEL
419
DELISTED
Healthwell Acquisition Corp. I Class A Common Stock
HWEL
$278K 0.01%
27,391
– –
RONI.WS
420
DELISTED
Rice Acquisition Corp. II Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
RONI.WS
$276K 0.01%
188,603
– –
IGR
421
CBRE Global Real Estate Income Fund
IGR
$707M
$266K 0.01%
+50,000
New +$312K
JEQ
422
DELISTED
abrdn Japan Equity Fund
JEQ
$257K ﹤0.01%
47,038
-4,581
-9% -$25.1K
DMO
423
Western Asset Mortgage Opportunity Fund
DMO
$119M
$256K ﹤0.01%
+24,485
New +$269K
SZZLW
424
DELISTED
Sizzle Acquisition Corp. Warrant
SZZLW
$247K ﹤0.01%
617,000
– –
ETWO.WS
425
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
$239K ﹤0.01%
306,794
– –
15 16
17
18 19

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Saba Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Saba Capital Management held 1,000 positions worth $5.24B, down 29% from $7.39B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Saba Capital Management withdrew a net $2.37B in Q1 2023, closing 236 positions and reducing 101 holdings. Its most notable exit was FTAC Hera Acquisition Corp. Class A Ordinary Shares, an estimated $45.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 44% a quarter earlier, followed by Industrials and Technology.

Against the trend, Saba Capital Management opened a new position in Adams Diversified Equity Fund worth $45M.

  • Saba Capital Management's largest Q1 2023 buy was Adams Diversified Equity Fund: 2,895,323 shares worth $45M.
  • Saba Capital Management added most to BlackRock Technology and Private Equity Term Trust in Q1 2023, an estimated $52.7M increase.
  • Saba Capital Management's biggest Q1 2023 reduction was Ares Acquisition Corporation, cutting an estimated $27.3M.
  • Saba Capital Management fully exited FTAC Hera Acquisition Corp. Class A Ordinary Shares in Q1 2023, selling an estimated $45.5M.
  • Saba Capital Management's ten largest holdings make up 22% of its $5.24B portfolio in Q1 2023.
  • Saba Capital Management opened 76 new positions and closed 236 in Q1 2023.
  • Saba Capital Management's portfolio value fell 29% quarter-over-quarter to $5.24B.

Based on Saba Capital Management's 13F filing for Q1 2023, filed 15 May 2023.