We are live on ! Find out more
SCM

Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
-3.79%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.27B
AUM Growth
-$530M
Cap. Flow
-$408M
Cap. Flow %
-9.56%
Top 10 Hldgs %
53.58%
Holding
370
New
14
Increased
54
Reduced
78
Closed
84

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$33.6M
2
TYG
Tortoise Energy Infrastructure Corp
TYG
+$24.1M
3
GAM
General American Investors Company
GAM
+$23M
4
CNNE icon
Cannae Holdings
CNNE
+$21.3M
5
GDV icon
Gabelli Dividend & Income Trust
GDV
+$19.8M

Top Sells

Rank Stock Value
1
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$40.2M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$40.2M
3
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$34M
4
VTN icon
Invesco Trust for Investment Grade New York Municipals
VTN
+$28.7M
5
VPV icon
Invesco Pennsylvania Value Municipal Income Trust
VPV
+$26.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 1.37%
2 Communication Services 1.12%
3 Technology 0.81%
4 Financials 0.81%
5 Industrials 0.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVM
26
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$35.2M 0.82%
3,838,652
+724,327
+23% +$6.81M
AFB
27
AllianceBernstein National Municipal Income Fund
AFB
$313M
$34.2M 0.8%
3,149,020
– –
AOD
28
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
$33M 0.77%
3,927,794
-2,265,234
-37% -$19.9M
MAV
29
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$31.7M 0.74%
3,761,128
+475,409
+14% +$4.12M
HQH
30
abrdn Healthcare Investors
HQH
$1.25B
$31.6M 0.74%
1,971,659
-900,303
-31% -$16M
ENX
31
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$31.6M 0.74%
3,311,768
+254,338
+8% +$2.47M
LEO
32
BNY Mellon Strategic Municipals
LEO
$384M
$29.8M 0.7%
4,932,793
+496,846
+11% +$3.13M
SABA
33
Saba Capital Income & Opportunities Fund II
SABA
$222M
$28.6M 0.67%
3,158,722
-181,860
-5% -$1.59M
MPA icon
34
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$142M
$25.9M 0.61%
2,218,893
-1
-0% -$12
NPCT icon
35
Nuveen Core Plus Impact Fund
NPCT
$279M
$25.9M 0.61%
2,461,831
-961,500
-28% -$10.8M
MIO
36
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$24.7M 0.58%
2,079,938
+247,384
+13% +$3.01M
MUC icon
37
BlackRock MuniHoldings California Quality Fund
MUC
$996M
$24.5M 0.57%
2,304,501
-2,383
-0.1% -$26.6K
DSM
38
BNY Mellon Strategic Municipal Bond Fund
DSM
$289M
$24M 0.56%
4,127,582
+116,315
+3% +$703K
BCX icon
39
BlackRock Resources & Commodities Strategy Trust
BCX
$909M
$23.9M 0.56%
2,803,008
-184,828
-6% -$1.71M
NBH
40
Neuberger Municipal Fund Inc
NBH
$302M
$23.8M 0.56%
2,302,461
+800
+0% +$8.63K
BOE icon
41
BlackRock Enhanced Global Dividend Trust
BOE
$674M
$23.1M 0.54%
2,148,768
+135,300
+7% +$1.52M
WB icon
42
Weibo
WB
$1.97B
$22.5M 0.53%
2,359,357
+131,155
+6% +$1.26M
BNY
43
DELISTED
BlackRock New York Municipal Income Trust
BNY
$22.2M 0.52%
2,182,287
-13,212
-0.6% -$141K
VMO icon
44
Invesco Municipal Opportunity Trust
VMO
$655M
$21.2M 0.5%
2,180,578
-4,039,762
-65% -$40.2M
MHN
45
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$20.6M 0.48%
1,991,523
-132,380
-6% -$1.42M
X
46
PUT
DELISTED
US Steel
X
$18.8M 0.44%
552,400
– –
IIF
47
Morgan Stanley India Investment Fund
IIF
$217M
$18.7M 0.44%
741,531
+65,828
+10% +$1.83M
GRX
48
Gabelli Healthcare & Wellness Trust
GRX
$143M
$18.4M 0.43%
1,911,034
+64,135
+3% +$664K
TEAF
49
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$16.1M 0.38%
1,341,457
– –
MYN icon
50
BlackRock MuniYield New York Quality Fund
MYN
$372M
$15.8M 0.37%
1,571,855
-342,058
-18% -$3.57M
1
2
3 4 5

Similar funds

ACM
Advent Capital Management New York $3.63B AUM 0.29% 1-Year Est. Return
GCM
Ghisallo Capital Management Boston, Massachusetts $3.63B AUM 30.51% 1-Year Est. Return
VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
SL
Siren LLC Greenwich, Connecticut $3.61B AUM 203.3% 1-Year Est. Return
JFG
JMG Financial Group Downers Grove, Illinois $3.63B AUM 17.91% 1-Year Est. Return
U
Uber San Francisco, California $3.6B AUM 19.81% 1-Year Est. Return
SPC
Sigma Planning Corp Ann Arbor, Michigan $3.6B AUM 24.57% 1-Year Est. Return
OCM
One Capital Management Westlake Village, California $3.65B AUM 15.32% 1-Year Est. Return

Saba Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Saba Capital Management held 370 positions worth $4.27B, down 11% from $4.8B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Saba Capital Management withdrew a net $408M in Q4 2024, closing 84 positions and reducing 78 holdings. Its most notable exit was Nuveen California Quality Municipal Income Fund, an estimated $34M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 1.4% of assets, up from 0.85% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Saba Capital Management opened a new position in Merlin Inc worth $12.1M.

  • Saba Capital Management's largest Q4 2024 buy was Merlin Inc: 1,224,823 shares worth $12.1M.
  • Saba Capital Management added most to BlackRock Technology and Private Equity Term Trust in Q4 2024, an estimated $33.6M increase.
  • Saba Capital Management's biggest Q4 2024 reduction was Invesco Municipal Opportunity Trust, cutting an estimated $40.2M.
  • Saba Capital Management fully exited Nuveen California Quality Municipal Income Fund in Q4 2024, selling an estimated $34M.
  • Saba Capital Management's ten largest holdings make up 54% of its $4.27B portfolio in Q4 2024.
  • Saba Capital Management opened 14 new positions and closed 84 in Q4 2024.
  • Saba Capital Management's portfolio value fell 11% quarter-over-quarter to $4.27B.

Based on Saba Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.