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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
+8.05%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.97B
AUM Growth
+$805M
Cap. Flow
+$407M
Cap. Flow %
8.19%
Top 10 Hldgs %
36.32%
Holding
612
New
38
Increased
118
Reduced
49
Closed
118

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$144M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$133M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$118M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$50M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$48.9M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$89M
2
KMF
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
+$32.7M
3
FSCO
FS Credit Opportunities Corp
FSCO
+$22.5M
4
CEN
Center Coast Brookfield MLP & Energy Infrastructure Fund
CEN
+$15.1M
5
F icon
Ford
F
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 3.71%
2 Consumer Discretionary 0.93%
3 Industrials 0.4%
4 Technology 0.39%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTF
501
Franklin Limited Duration Income Trust
FTF
$231M
– –
-184,497
Closed -$1.12M
FTHY
502
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$498M
– –
-186,020
Closed -$2.48M
GT icon
503
Goodyear
GT
$2.02B
– –
-35,000
Closed -$465K
HNW
504
DELISTED
Pioneer Diversified High Income Fund
HNW
– –
-129,914
Closed -$1.33M
JFR icon
505
Nuveen Floating Rate Income Fund
JFR
$1.24B
– –
-1,096,352
Closed -$9M
JRS icon
506
Nuveen Real Estate Income Fund
JRS
$250M
– –
-108,742
Closed -$729K
KKR icon
507
KKR & Co
KKR
$95.7B
– –
-38,728
Closed -$2.62M
KLAC icon
508
KLA
KLAC
$239B
– –
-53,140
Closed -$2.77M
LDTCW
509
DELISTED
LeddarTech Holdings Inc. Warrants
LDTCW
– –
-176,796
Closed -$9.69K
LIDR icon
510
AEye
LIDR
$52.3M
– –
-2,906
Closed -$18.3K
MQT
511
DELISTED
BlackRock MuniYield Quality Fund II
MQT
– –
-29,313
Closed -$264K
MSD
512
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
– –
-913,633
Closed -$5.93M
MSFT icon
513
Microsoft
MSFT
$3.62T
– –
-767
Closed -$273K
MU icon
514
Micron Technology
MU
$937B
– –
-39,975
Closed -$2.97M
MYI icon
515
BlackRock MuniYield Quality Fund III
MYI
$714M
– –
-13,481
Closed -$129K
NKX icon
516
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$649M
– –
-14,902
Closed -$153K
NRG icon
517
PUT
NRG Energy
NRG
$29.2B
– –
-424,900
Closed -$16.4M
NRK icon
518
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$897M
– –
-356,391
Closed -$3.37M
PHD
519
DELISTED
Pioneer Floating Rate Fund
PHD
– –
-29,318
Closed -$264K
PHM icon
520
Pultegroup
PHM
$24.6B
– –
-12,621
Closed -$1.07M
SOR
521
Source Capital
SOR
$387M
– –
-25,137
Closed -$970K
TDG icon
522
PUT
TransDigm Group
TDG
$71.9B
– –
-50,700
Closed -$42.7M
VFS icon
523
VinFast Auto
VFS
$7.39B
– –
-10,000
Closed -$125K
VFSWW
524
PUT
VinFast Auto Ltd Warrant
VFSWW
$585M
– –
-22,600
Closed -$283K
VGM icon
525
Invesco Trust Investment Grade Municipals
VGM
$549M
– –
-78,070
Closed -$664K
19 20
21
22 23

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Saba Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Saba Capital Management held 612 positions worth $4.97B, up 19% from $4.17B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Saba Capital Management deployed $407M of net new capital in Q4 2023, opening 38 new positions and adding to 118 existing holdings. Its largest new stake was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.

By sector, the portfolio is most concentrated in Financials at 3.7% of assets, down from 5.9% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund II, an estimated $89M trimmed.

  • Saba Capital Management's largest Q4 2023 buy was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.
  • Saba Capital Management added most to BlackRock Technology and Private Equity Term Trust in Q4 2023, an estimated $144M increase.
  • Saba Capital Management's biggest Q4 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $89M.
  • Saba Capital Management fully exited Kayne Anderson NextGen Energy & Infrastructure, Inc. in Q4 2023, selling an estimated $32.7M.
  • Saba Capital Management's ten largest holdings make up 36% of its $4.97B portfolio in Q4 2023.
  • Saba Capital Management opened 38 new positions and closed 118 in Q4 2023.
  • Saba Capital Management's portfolio value rose 19% quarter-over-quarter to $4.97B.

Based on Saba Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.