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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
+2.55%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$7.39B
AUM Growth
-$1.48B
Cap. Flow
-$1.73B
Cap. Flow %
-23.47%
Top 10 Hldgs %
17.59%
Holding
1,203
New
78
Increased
140
Reduced
56
Closed
281

Top Buys

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$43.8M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$43.6M
3
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$40M
4
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$38.2M
5
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$35.4M

Top Sells

Rank Stock Value
1
KAHC
KKR Acquisition Holdings I Corp.
KAHC
+$57.1M
2
GSEV
Gores Holdings VII, Inc. Class A Common Stock
GSEV
+$43.4M
3
EPHY
Epiphany Technology Acquisition Corp. Class A Common Stock
EPHY
+$39.2M
4
NSTB
Northern Star Investment Corp. II
NSTB
+$37.6M
5
VFL
abrdn National Municipal Income Fund
VFL
+$37.2M

Sector Composition

Rank Sector Weight
1 Financials 43.95%
2 Technology 5.33%
3 Industrials 3.5%
4 Healthcare 3.24%
5 Consumer Discretionary 1.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAC
26
DELISTED
Ares Acquisition Corporation
AAC
$34.4M 0.47%
3,415,868
– –
PTOC
27
DELISTED
Pine Technology Acquisition Corp. Class A Common Stock
PTOC
$34M 0.46%
3,389,128
– –
TVGN icon
28
Tevogen Inc. Common Stock
TVGN
$28.6M
$33.5M 0.45%
64,899
+1,767
+3% +$904K
BFZ
29
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$33.2M 0.45%
3,068,324
+2,314,554
+307% +$24.5M
MEGI
30
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$796M
$33.2M 0.45%
2,430,656
+2,179,282
+867% +$29.3M
NBXG
31
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.15B
$32.6M 0.44%
3,585,742
+1,695,621
+90% +$16.1M
SDAC
32
DELISTED
Sustainable Development Acquisition I Corp. Class A Common Stock
SDAC
$31.3M 0.42%
3,108,413
– –
TETC
33
DELISTED
Tech and Energy Transition Corporation Class A Common Stock
TETC
$31.1M 0.42%
3,104,795
– –
BRW
34
Saba Capital Income & Opportunities Fund
BRW
$339M
$31.1M 0.42%
4,081,664
-230,809
-5% -$1.81M
CEM
35
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
$30.8M 0.42%
922,884
+342,691
+59% +$11.6M
HIE
36
DELISTED
Miller/Howard High Income Equity Fund
HIE
$30.2M 0.41%
2,892,877
– –
KMF
37
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$30M 0.41%
3,996,445
+641,786
+19% +$4.9M
FMIV
38
DELISTED
Forum Merger IV Corporation Class A Common stock
FMIV
$29.9M 0.4%
2,982,879
– –
ACDI
39
DELISTED
Ascendant Digital Acquisition Corp. III
ACDI
$29.8M 0.4%
2,884,641
– –
HYG icon
40
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$29.5M 0.4%
400,000
– –
NPCT icon
41
Nuveen Core Plus Impact Fund
NPCT
$279M
$28.4M 0.38%
2,739,940
+731,857
+36% +$7.67M
EDD
42
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$375M
$28.4M 0.38%
6,450,655
+872,981
+16% +$3.67M
NMAI icon
43
Nuveen Multi-Asset Income Fund
NMAI
$465M
$28.2M 0.38%
2,458,568
+707,914
+40% +$8.23M
CXAC
44
DELISTED
C5 Acquisition Corporation
CXAC
$27.6M 0.37%
2,705,954
– –
LFAC
45
DELISTED
LF Capital Acquisition Corp. II Class A Common Stock
LFAC
$27.6M 0.37%
2,692,415
– –
NETC
46
DELISTED
Nabors Energy Transition Corp.
NETC
$27.3M 0.37%
2,663,066
– –
BZAI
47
Blaize Holdings
BZAI
$107M
$26.9M 0.36%
2,644,807
– –
SUAC
48
DELISTED
ShoulderUp Technology Acquisition Corp.
SUAC
$26.7M 0.36%
2,618,013
-1,080
-0% -$10.9K
GCTS
49
GCT Semiconductor Holding
GCTS
$171M
$26.4M 0.36%
2,595,089
– –
FISV
50
PUT
Fiserv Inc
FISV
$28.3B
$26.3M 0.36%
260,000
– –
1
2
3 4 5

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Saba Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Saba Capital Management held 1,203 positions worth $7.39B, down 17% from $8.87B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Saba Capital Management withdrew a net $1.73B in Q4 2022, closing 281 positions and reducing 56 holdings. Its most notable exit was KKR Acquisition Holdings I Corp., an estimated $57.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 44% of assets, down from 57% a quarter earlier, followed by Technology and Industrials.

Against the trend, Saba Capital Management opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $39.9M.

  • Saba Capital Management's largest Q4 2022 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 542,070 shares worth $39.9M.
  • Saba Capital Management added most to BlackRock Capital Allocation Term Trust in Q4 2022, an estimated $43.8M increase.
  • Saba Capital Management's biggest Q4 2022 reduction was Analog Devices, cutting an estimated $20.4M.
  • Saba Capital Management fully exited KKR Acquisition Holdings I Corp. in Q4 2022, selling an estimated $57.1M.
  • Saba Capital Management's ten largest holdings make up 18% of its $7.39B portfolio in Q4 2022.
  • Saba Capital Management opened 78 new positions and closed 281 in Q4 2022.
  • Saba Capital Management's portfolio value fell 17% quarter-over-quarter to $7.39B.

Based on Saba Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.