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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
+0.47%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$6.01B
AUM Growth
+$175M
Cap. Flow
+$210M
Cap. Flow %
3.5%
Top 10 Hldgs %
57.1%
Holding
433
New
31
Increased
88
Reduced
47
Closed
48

Top Buys

Rank Stock Value
1
ADX icon
Adams Diversified Equity Fund
ADX
+$35.3M
2
GDV icon
Gabelli Dividend & Income Trust
GDV
+$35.1M
3
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$24.2M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$23.6M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$18.2M

Top Sells

Rank Stock Value
1
EMO
ClearBridge Energy Midstream Opportunity Fund
EMO
+$113M
2
CEM
ClearBridge MLP and Midstream Fund Inc.
CEM
+$100M
3
CTR
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
+$44.4M
4
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
+$32.8M
5
FPL
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
+$15.1M

Sector Composition

Rank Sector Weight
1 Financials 0.92%
2 Communication Services 0.48%
3 Consumer Discretionary 0.43%
4 Technology 0.29%
5 Industrials 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NPCT icon
26
Nuveen Core Plus Impact Fund
NPCT
$279M
$37.2M 0.62%
3,423,331
+217,388
+7% +$2.28M
AFB
27
AllianceBernstein National Municipal Income Fund
AFB
$313M
$35M 0.58%
3,149,020
+546,516
+21% +$5.89M
NEA icon
28
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$34.3M 0.57%
2,994,982
-899,873
-23% -$9.85M
NAD icon
29
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$33.5M 0.56%
2,850,371
+460,956
+19% +$5.2M
VKQ icon
30
Invesco Municipal Trust
VKQ
$541M
$31.9M 0.53%
3,198,283
+684,075
+27% +$6.57M
JRI icon
31
Nuveen Real Asset Income & Growth Fund
JRI
$356M
$31.7M 0.53%
2,603,916
+41,760
+2% +$484K
MHI
32
DELISTED
Pioneer Municipal High Income Fund
MHI
$31.6M 0.52%
3,453,223
+52,379
+2% +$462K
VPV icon
33
Invesco Pennsylvania Value Municipal Income Trust
VPV
$196M
$31.3M 0.52%
2,883,105
+56,710
+2% +$584K
VTN icon
34
Invesco Trust for Investment Grade New York Municipals
VTN
$159M
$31M 0.52%
2,757,658
+6
+0% +$65
VGM icon
35
Invesco Trust Investment Grade Municipals
VGM
$548M
$30.9M 0.51%
3,008,412
+542,762
+22% +$5.34M
ENX
36
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$30.2M 0.5%
3,066,889
– –
EVM
37
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$29.6M 0.49%
3,114,325
– –
NPFD icon
38
Nuveen Variable Rate Preferred & Income Fund
NPFD
$440M
$28.7M 0.48%
1,564,064
+164,527
+12% +$2.89M
BCX icon
39
BlackRock Resources & Commodities Strategy Trust
BCX
$902M
$28.6M 0.48%
3,112,272
-77,569
-2% -$716K
MPA icon
40
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$141M
$28.3M 0.47%
2,218,894
+123,669
+6% +$1.5M
MUC icon
41
BlackRock MuniHoldings California Quality Fund
MUC
$998M
$27.5M 0.46%
2,477,589
-207,364
-8% -$2.25M
SABA
42
Saba Capital Income & Opportunities Fund II
SABA
$223M
$26.9M 0.45%
3,454,857
+45
+0% +$344
NML
43
Neuberger Energy Infrastructure and Income Fund Inc
NML
$583M
$25.5M 0.42%
3,184,929
-1,163,773
-27% -$8.79M
GAM
44
General American Investors Company
GAM
$1.56B
$25.4M 0.42%
510,885
– –
AOD
45
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$24.9M 0.41%
2,959,043
+2,225,364
+303% +$18.2M
LEO
46
BNY Mellon Strategic Municipals
LEO
$383M
$24.8M 0.41%
4,053,860
+2,504,516
+162% +$15M
NBH
47
Neuberger Municipal Fund Inc
NBH
$301M
$24.6M 0.41%
2,301,661
+411,752
+22% +$4.24M
DSM
48
BNY Mellon Strategic Municipal Bond Fund
DSM
$288M
$24.1M 0.4%
4,065,601
+984,372
+32% +$5.64M
BNY
49
DELISTED
BlackRock New York Municipal Income Trust
BNY
$23.5M 0.39%
2,195,499
+17,499
+0.8% +$185K
MAV
50
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$23.3M 0.39%
2,842,868
+211,685
+8% +$1.7M
1
2
3 4 5

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Saba Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Saba Capital Management held 433 positions worth $6.01B, up 3% from $5.84B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Saba Capital Management deployed $210M of net new capital in Q2 2024, opening 31 new positions and adding to 88 existing holdings. Its largest new stake was Trump Media & Technology Group: 201,838 shares worth $4.68M.

By sector, the portfolio is most concentrated in Financials at 0.92% of assets, down from 0.94% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was ClearBridge Energy Midstream Opportunity Fund, an estimated $113M trimmed.

  • Saba Capital Management's largest Q2 2024 buy was Trump Media & Technology Group: 201,838 shares worth $4.68M.
  • Saba Capital Management added most to Adams Diversified Equity Fund in Q2 2024, an estimated $35.3M increase.
  • Saba Capital Management's biggest Q2 2024 reduction was ClearBridge Energy Midstream Opportunity Fund, cutting an estimated $113M.
  • Saba Capital Management fully exited ClearBridge MLP and Midstream Fund Inc. in Q2 2024, selling an estimated $100M.
  • Saba Capital Management's ten largest holdings make up 57% of its $6.01B portfolio in Q2 2024.
  • Saba Capital Management opened 31 new positions and closed 48 in Q2 2024.
  • Saba Capital Management's portfolio value rose 3% quarter-over-quarter to $6.01B.

Based on Saba Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.