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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
+1.08%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$3.84B
AUM Growth
-$1.4B
Cap. Flow
-$1.57B
Cap. Flow %
-40.79%
Top 10 Hldgs %
32.08%
Holding
807
New
42
Increased
98
Reduced
132
Closed
180

Top Buys

Rank Stock Value
1
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$56.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$42.4M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$33.3M
4
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$31.6M
5
FSCO
FS Credit Opportunities Corp
FSCO
+$31.3M

Top Sells

Rank Stock Value
1
GCTS
GCT Semiconductor Holding
GCTS
+$26.9M
2
BLEU
bleuacacia ltd Class A Ordinary Shares
BLEU
+$25.7M
3
NETC
Nabors Energy Transition Corp.
NETC
+$24.5M
4
HWKZ
Hawks Acquisition Corp
HWKZ
+$22.4M
5
BTM
Bitcoin Depot
BTM
+$22.2M

Sector Composition

Rank Sector Weight
1 Financials 13.74%
2 Technology 1.42%
3 Consumer Discretionary 1.02%
4 Industrials 0.9%
5 Energy 0.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HIE
26
DELISTED
Miller/Howard High Income Equity Fund
HIE
$29.3M 0.76%
2,892,877
– –
NQP
27
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$29.1M 0.76%
2,591,176
+606,965
+31% +$6.81M
GAM
28
General American Investors Company
GAM
$1.56B
$28.9M 0.75%
693,236
+24,857
+4% +$989K
AMAT icon
29
PUT
Applied Materials
AMAT
$405B
$28.9M 0.75%
200,000
-150,000
-43% -$18.8M
NPCT icon
30
Nuveen Core Plus Impact Fund
NPCT
$280M
$28.3M 0.74%
2,840,097
+80,114
+3% +$809K
CTR
31
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
$28.2M 0.74%
889,824
+185,925
+26% +$5.5M
COOP
32
PUT
DELISTED
Mr. Cooper
COOP
$27.6M 0.72%
545,300
-2,232,400
-80% -$102M
PHM icon
33
PUT
Pultegroup
PHM
$24.2B
$27.2M 0.71%
350,000
– –
GER
34
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
$27.2M 0.71%
1,731,247
+139,588
+9% +$1.92M
BRW
35
Saba Capital Income & Opportunities Fund
BRW
$339M
$26.8M 0.7%
3,484,801
-401,905
-10% -$3.19M
WYNN icon
36
PUT
Wynn Resorts
WYNN
$10.2B
$26.4M 0.69%
250,000
– –
EDD
37
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$376M
$26M 0.68%
5,549,015
-512,286
-8% -$2.42M
AVGO icon
38
PUT
Broadcom
AVGO
$1.83T
$26M 0.68%
300,000
– –
KLAC icon
39
PUT
KLA
KLAC
$241B
$24.3M 0.63%
500,000
– –
ENX
40
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$22.9M 0.6%
2,433,992
+53,300
+2% +$507K
GHIX
41
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$22.6M 0.59%
2,206,840
-16,057
-0.7% -$163K
MUI
42
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$22.6M 0.59%
1,974,720
+1,294,373
+190% +$14.8M
FEI
43
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
$22.2M 0.58%
2,879,072
+1,592,462
+124% +$12.2M
MSFT icon
44
PUT
Microsoft
MSFT
$3.42T
$22.1M 0.58%
65,000
– –
MUC icon
45
BlackRock MuniHoldings California Quality Fund
MUC
$998M
$21.8M 0.57%
2,005,711
+741,875
+59% +$7.97M
ZING
46
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
$21.5M 0.56%
2,059,804
-274,668
-12% -$2.84M
EVM
47
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$21.3M 0.55%
2,391,565
+225,159
+10% +$2M
ASGI
48
abrdn Global Infrastructure Income Fund
ASGI
$754M
$20.5M 0.53%
1,154,002
+187,698
+19% +$3.32M
NRG icon
49
PUT
NRG Energy
NRG
$28B
$18.7M 0.49%
500,000
-1,346,400
-73% -$45.9M
NFJ
50
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.4B
$18.6M 0.48%
1,521,494
+79,611
+6% +$939K
1
2
3 4 5

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GCM
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Saba Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Saba Capital Management held 807 positions worth $3.84B, down 27% from $5.24B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Saba Capital Management withdrew a net $1.57B in Q2 2023, closing 180 positions and reducing 132 holdings. Its most notable exit was GCT Semiconductor Holding, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 32% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in FS Credit Opportunities Corp worth $33.6M.

  • Saba Capital Management's largest Q2 2023 buy was FS Credit Opportunities Corp: 7,069,959 shares worth $33.6M.
  • Saba Capital Management added most to BlackRock ESG Capital Allocation Term Trust in Q2 2023, an estimated $56.8M increase.
  • Saba Capital Management's biggest Q2 2023 reduction was Nabors Energy Transition Corp., cutting an estimated $24.5M.
  • Saba Capital Management fully exited GCT Semiconductor Holding in Q2 2023, selling an estimated $26.9M.
  • Saba Capital Management's ten largest holdings make up 32% of its $3.84B portfolio in Q2 2023.
  • Saba Capital Management opened 42 new positions and closed 180 in Q2 2023.
  • Saba Capital Management's portfolio value fell 27% quarter-over-quarter to $3.84B.

Based on Saba Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.