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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
+7.04%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$5.84B
AUM Growth
+$867M
Cap. Flow
+$547M
Cap. Flow %
9.36%
Top 10 Hldgs %
53.67%
Holding
521
New
28
Increased
90
Reduced
62
Closed
121

Top Buys

Rank Stock Value
1
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$74.4M
2
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$63.6M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$58.4M
4
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$52.6M
5
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$42.4M

Top Sells

Rank Stock Value
1
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$23.2M
2
FIF
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
+$17.9M
3
FSCO
FS Credit Opportunities Corp
FSCO
+$17.4M
4
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$17.1M
5
MUC icon
BlackRock MuniHoldings California Quality Fund
MUC
+$16.5M

Sector Composition

Rank Sector Weight
1 Financials 0.94%
2 Technology 0.27%
3 Industrials 0.23%
4 Communication Services 0.22%
5 Consumer Discretionary 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVGO icon
401
PUT
Broadcom
AVGO
$2T
– –
-300,000
Closed -$33.5M
BBY icon
402
Best Buy
BBY
$18.3B
– –
-101,241
Closed -$7.93M
BBY icon
403
PUT
Best Buy
BBY
$18.3B
– –
-220,000
Closed -$17.2M
BFK
404
DELISTED
BlackRock Municipal Income Trust
BFK
– –
-167,504
Closed -$1.69M
BGX
405
Blackstone Long-Short Credit Income Fund
BGX
$137M
– –
-218,626
Closed -$2.5M
BLE
406
DELISTED
BlackRock Municipal Income Trust II
BLE
– –
-75,040
Closed -$801K
BWG
407
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$132M
– –
-62,069
Closed -$519K
CAR icon
408
PUT
Avis
CAR
$4.96B
– –
-266,700
Closed -$47.3M
CHTR icon
409
PUT
Charter Communications
CHTR
$18B
– –
-151,000
Closed -$58.7M
COOP
410
PUT
DELISTED
Mr. Cooper
COOP
– –
-105,300
Closed -$6.86M
DIST
411
DELISTED
Distoken Acquisition Corp
DIST
– –
-92,561
Closed -$981K
EPAM icon
412
EPAM Systems
EPAM
$5.77B
– –
-3,819
Closed -$1.14M
EPAM icon
413
PUT
EPAM Systems
EPAM
$5.77B
– –
-50,000
Closed -$14.9M
ERH
414
Allspring Utilities & High Income Fund
ERH
$104M
– –
-44,108
Closed -$406K
FCX icon
415
Freeport-McMoran
FCX
$96.7B
– –
-84,686
Closed -$3.61M
FCX icon
416
PUT
Freeport-McMoran
FCX
$96.7B
– –
-325,000
Closed -$13.8M
GEO icon
417
PUT
The GEO Group
GEO
$4.2B
– –
-168,000
Closed -$1.82M
GT icon
418
PUT
Goodyear
GT
$2.04B
– –
-645,300
Closed -$9.24M
HEQ
419
John Hancock Hedged Equity & Income Fund
HEQ
$139M
– –
-73,430
Closed -$738K
HOVR icon
420
New Horizon Aircraft
HOVR
$122M
– –
-199,659
Closed -$2.12M
IGR
421
CBRE Global Real Estate Income Fund
IGR
$719M
– –
-950,873
Closed -$5.16M
ISRL
422
DELISTED
Israel Acquisitions Corp
ISRL
– –
-222,500
Closed -$2.39M
IVCA
423
DELISTED
Investcorp India Acquisition Corp
IVCA
– –
-235,620
Closed -$2.59M
IWM icon
424
PUT
iShares Russell 2000 ETF
IWM
$83.1B
– –
-180,000
Closed -$36.1M
JOBY.WS icon
425
Joby Aviation Warrants
JOBY.WS
$194K
– –
-16,462
Closed -$20.1K
15 16
17
18 19

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Saba Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Saba Capital Management held 521 positions worth $5.84B, up 17% from $4.97B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Saba Capital Management deployed $547M of net new capital in Q1 2024, opening 28 new positions and adding to 90 existing holdings. Its largest new stake was Invesco Trust Investment Grade Municipals: 2,465,650 shares worth $24.3M.

By sector, the portfolio is most concentrated in Financials at 0.94% of assets, down from 3.7% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was FS Credit Opportunities Corp, an estimated $17.4M trimmed.

  • Saba Capital Management's largest Q1 2024 buy was Invesco Trust Investment Grade Municipals: 2,465,650 shares worth $24.3M.
  • Saba Capital Management added most to BlackRock ESG Capital Allocation Term Trust in Q1 2024, an estimated $74.4M increase.
  • Saba Capital Management's biggest Q1 2024 reduction was FS Credit Opportunities Corp, cutting an estimated $17.4M.
  • Saba Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $23.2M.
  • Saba Capital Management's ten largest holdings make up 54% of its $5.84B portfolio in Q1 2024.
  • Saba Capital Management opened 28 new positions and closed 121 in Q1 2024.
  • Saba Capital Management's portfolio value rose 17% quarter-over-quarter to $5.84B.

Based on Saba Capital Management's 13F filing for Q1 2024, filed 15 May 2024.