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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
+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
X
26
PUT
DELISTED
US Steel
X
$43.8M 0.75%
1,074,100
-2,500
-0.2% -$114K
NFJ
27
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.39B
$43.5M 0.74%
3,399,977
-164,330
-5% -$2.04M
HQH
28
abrdn Healthcare Investors
HQH
$1.25B
$43.1M 0.74%
2,557,469
+1,133,123
+80% +$19.3M
NEA icon
29
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.36B
$43.1M 0.74%
3,894,855
+71,164
+2% +$781K
HQL
30
abrdn Life Sciences Investors
HQL
$584M
$33.6M 0.57%
2,462,147
+1,040,847
+73% +$14.4M
NPCT icon
31
Nuveen Core Plus Impact Fund
NPCT
$279M
$33.2M 0.57%
3,205,943
+226,780
+8% +$2.34M
FEI
32
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
$32.8M 0.56%
3,396,441
+2,412
+0.1% +$21.3K
NML
33
Neuberger Energy Infrastructure and Income Fund Inc
NML
$572M
$32M 0.55%
4,348,702
-464,327
-10% -$3.18M
NZF icon
34
Nuveen Municipal Credit Income Fund
NZF
$2.41B
$31.1M 0.53%
2,543,489
-137,639
-5% -$1.64M
BABA icon
35
CALL
Alibaba
BABA
$276B
$30.4M 0.52%
+420,000
New +$30.8M
JRI icon
36
Nuveen Real Asset Income & Growth Fund
JRI
$350M
$30.4M 0.52%
2,562,156
+100,671
+4% +$1.17M
MHI
37
DELISTED
Pioneer Municipal High Income Fund
MHI
$30.1M 0.51%
3,400,844
+221,001
+7% +$1.92M
ENX
38
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$29.8M 0.51%
3,066,889
+19,040
+0.6% +$186K
VTN icon
39
Invesco Trust for Investment Grade New York Municipals
VTN
$161M
$29.6M 0.51%
2,757,652
+107,910
+4% +$1.14M
MUC icon
40
BlackRock MuniHoldings California Quality Fund
MUC
$1B
$29.6M 0.51%
2,684,953
-1,482,838
-36% -$16.5M
EVM
41
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$29.4M 0.5%
3,114,325
– –
VPV icon
42
Invesco Pennsylvania Value Municipal Income Trust
VPV
$195M
$29M 0.5%
2,826,395
+192,134
+7% +$1.95M
BCX icon
43
BlackRock Resources & Commodities Strategy Trust
BCX
$896M
$29M 0.5%
3,189,841
+1,078,767
+51% +$9.32M
AFB
44
AllianceBernstein National Municipal Income Fund
AFB
$315M
$28.6M 0.49%
2,602,504
+553,519
+27% +$6.01M
NVG icon
45
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.67B
$28M 0.48%
2,307,802
+172,001
+8% +$2.04M
NAD icon
46
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$27.4M 0.47%
2,389,415
– –
MYN icon
47
BlackRock MuniYield New York Quality Fund
MYN
$376M
$27M 0.46%
2,564,995
+567,531
+28% +$5.88M
SABA
48
Saba Capital Income & Opportunities Fund II
SABA
$220M
$26.4M 0.45%
3,454,812
-941,491
-21% -$7.19M
KKR icon
49
PUT
KKR & Co
KKR
$89.1B
$26.2M 0.45%
260,000
– –
MPA icon
50
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$143M
$25.4M 0.43%
2,095,225
+195,297
+10% +$2.32M
1
2
3 4 5

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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.