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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
+7.93%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.26B
AUM Growth
+$558M
Cap. Flow
+$256M
Cap. Flow %
6.03%
Top 10 Hldgs %
44.58%
Holding
364
New
96
Increased
71
Reduced
47
Closed
42

Top Buys

Rank Stock Value
1
WENNU
Wen Acquisition Corp Unit
WENNU
+$20.8M
2
RDAG
Republic Digital Acquisition Co
RDAG
+$19.6M
3
ETOR
eToro Group
ETOR
+$16.7M
4
MXF
Mexico Fund
MXF
+$13.8M
5
IAE
Voya Asia Pacific High Dividend Equity Income Fund
IAE
+$11.5M

Top Sells

Rank Stock Value
1
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$309M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$58.5M
3
ADX icon
Adams Diversified Equity Fund
ADX
+$31.4M
4
ASGI
abrdn Global Infrastructure Income Fund
ASGI
+$18M
5
NXJ
Nuveen New Jersey Quality Municipal Income Fund
NXJ
+$16.8M

Sector Composition

Rank Sector Weight
1 Financials 2.65%
2 Communication Services 2.09%
3 Technology 1.87%
4 Consumer Discretionary 1.39%
5 Industrials 1.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ENX
26
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$36.2M 0.85%
3,898,946
+367,604
+10% +$3.41M
WDC icon
27
PUT
Western Digital
WDC
$172B
$35.2M 0.83%
+550,800
New +$26.2M
MOS icon
28
PUT
The Mosaic Company
MOS
$7.1B
$34.8M 0.82%
+952,600
New +$30.5M
MAV
29
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$33.3M 0.78%
4,015,961
+93,072
+2% +$764K
LEO
30
BNY Mellon Strategic Municipals
LEO
$389M
$33M 0.78%
5,581,552
+466,783
+9% +$2.73M
AFB
31
AllianceBernstein National Municipal Income Fund
AFB
$314M
$32.5M 0.76%
3,149,020
– –
EVTL icon
32
Vertical Aerospace
EVTL
$181M
$29.2M 0.69%
4,315,701
+116,258
+3% +$545K
NVDA icon
33
PUT
NVIDIA
NVDA
$4.76T
$28.9M 0.68%
+183,000
New +$23M
DSM
34
BNY Mellon Strategic Municipal Bond Fund
DSM
$291M
$28.9M 0.68%
5,152,591
+902,043
+21% +$5.06M
IIF
35
Morgan Stanley India Investment Fund
IIF
$212M
$28.7M 0.67%
1,016,952
+265,891
+35% +$6.95M
F icon
36
PUT
Ford
F
$58.5B
$28.7M 0.67%
+2,642,800
New +$26.9M
BMBL icon
37
Bumble
BMBL
$386M
$28M 0.66%
4,252,362
+1,173,753
+38% +$5.92M
TYG
38
Tortoise Energy Infrastructure Corp
TYG
$1.11B
$27.5M 0.65%
625,915
-111,546
-15% -$4.52M
NXJ
39
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$26.1M 0.61%
2,300,764
-1,472,137
-39% -$16.8M
MIO
40
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$25.5M 0.6%
2,161,352
+47,715
+2% +$559K
SABA
41
Saba Capital Income & Opportunities Fund II
SABA
$220M
$25.4M 0.6%
2,764,970
-171,015
-6% -$1.48M
WB icon
42
Weibo
WB
$1.92B
$24.9M 0.59%
2,617,357
+258,000
+11% +$2.27M
BOE icon
43
BlackRock Enhanced Global Dividend Trust
BOE
$661M
$24.7M 0.58%
2,172,011
+346,084
+19% +$3.76M
GF
44
New Germany Fund
GF
$183M
$23.1M 0.54%
1,938,389
+231,730
+14% +$2.51M
NMAI icon
45
Nuveen Multi-Asset Income Fund
NMAI
$459M
$22.4M 0.53%
1,771,563
-606,550
-26% -$7.32M
WENNU
46
Wen Acquisition Corp Unit
WENNU
$20.8M 0.49%
+1,963,229
New +$20.8M
JOF
47
Japan Smaller Capitalization Fund
JOF
$323M
$20.3M 0.48%
2,107,155
+522,110
+33% +$4.69M
RDAG
48
Republic Digital Acquisition Co
RDAG
$389M
$19.5M 0.46%
+1,900,000
New +$19.6M
BTT icon
49
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$19.2M 0.45%
877,113
+74,529
+9% +$1.58M
MUC icon
50
BlackRock MuniHoldings California Quality Fund
MUC
$1B
$19M 0.45%
1,836,624
-504,049
-22% -$5.24M
1
2
3 4 5

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ACM
Advent Capital Management New York $3.63B AUM 0.29% 1-Year Est. Return
WB
WesBanco Bank Wheeling, West Virginia $3.61B AUM 24.09% 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

Saba Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Saba Capital Management held 364 positions worth $4.26B, up 15% from $3.7B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Saba Capital Management deployed $256M of net new capital in Q2 2025, opening 96 new positions and adding to 71 existing holdings. Its largest new stake was Wen Acquisition Corp Unit: 1,963,229 shares worth $20.8M.

By sector, the portfolio is most concentrated in Financials at 2.6% of assets, up from 0.69% a quarter earlier, followed by Communication Services and Technology.

On the sell side, the largest reduction was BlackRock Capital Allocation Term Trust, an estimated $58.5M trimmed.

  • Saba Capital Management's largest Q2 2025 buy was Wen Acquisition Corp Unit: 1,963,229 shares worth $20.8M.
  • Saba Capital Management added most to Voya Asia Pacific High Dividend Equity Income Fund in Q2 2025, an estimated $11.5M increase.
  • Saba Capital Management's biggest Q2 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $58.5M.
  • Saba Capital Management fully exited BlackRock Health Sciences Trust II in Q2 2025, selling an estimated $309M.
  • Saba Capital Management's ten largest holdings make up 45% of its $4.26B portfolio in Q2 2025.
  • Saba Capital Management opened 96 new positions and closed 42 in Q2 2025.
  • Saba Capital Management's portfolio value rose 15% quarter-over-quarter to $4.26B.

Based on Saba Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.