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Saba Capital Management Portfolio holdings

AUM $3.9B
1-Year Est. Return 12.9%
This Fund
S&P 500
This Quarter Est. Return
+1.08%
1 Year Est. Return
+12.9%
3 Year Est. Return
+34.99%
5 Year Est. Return
+42.32%
10 Year Est. Return
+54.91%
AUM
$3.84B
AUM Growth
-$1.4B
Cap. Flow
-$1.12B
Cap. Flow %
-29.25%
Top 10 Hldgs %
32.08%
Holding
807
New
42
Increased
98
Reduced
132
Closed
180

Top Buys

Rank Stock Value
1
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$56.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$42.4M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$33.3M
4
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$31.6M
5
FSCO
FS Credit Opportunities Corp
FSCO
+$31.3M

Top Sells

Rank Stock Value
1
GCTS
GCT Semiconductor Holding
GCTS
+$26.9M
2
BLEU
bleuacacia ltd Class A Ordinary Shares
BLEU
+$25.7M
3
NETC
Nabors Energy Transition Corp.
NETC
+$24.5M
4
HWKZ
Hawks Acquisition Corp
HWKZ
+$22.4M
5
BTM
Bitcoin Depot
BTM
+$22.2M

Sector Composition

Rank Sector Weight
1 Miscellaneous 80.71%
2 Financials 13.74%
3 Technology 1.42%
4 Consumer Discretionary 1.02%
5 Industrials 0.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADI icon
626
PUT
Analog Devices
ADI
$175B
– –
-100,000
Closed -$19.7M
ADP icon
627
Automatic Data Processing
ADP
$109B
– –
-34,093
Closed -$7.59M
ADP icon
628
PUT
Automatic Data Processing
ADP
$109B
– –
-60,000
Closed -$13.4M
ADSK icon
629
Autodesk
ADSK
$46B
– –
-20,686
Closed -$4.31M
ADSK icon
630
PUT
Autodesk
ADSK
$46B
– –
-80,000
Closed -$16.7M
AERT
631
Aeries Technology
AERT
$36.5M
– –
-2,619
Closed -$217K
BGH
632
Barings Global Short Duration High Yield Fund
BGH
$274M
– –
-76,306
Closed -$984K
BSX icon
633
Boston Scientific
BSX
$63.6B
– –
-4,730
Closed -$237K
BSX icon
634
PUT
Boston Scientific
BSX
$63.6B
– –
-410,000
Closed -$20.5M
BTM
635
DELISTED
Bitcoin Depot
BTM
– –
-310,591
Closed -$22.2M
BTMWW
636
DELISTED
Bitcoin Depot Inc Warrant
BTMWW
– –
-1,934,698
Closed -$77.4K
DFS
637
DELISTED
Discover Financial Services
DFS
– –
-54,178
Closed -$5.35M
DFS
638
PUT
DELISTED
Discover Financial Services
DFS
– –
-170,000
Closed -$16.8M
DMO
639
Western Asset Mortgage Opportunity Fund
DMO
$111M
– –
-24,485
Closed -$256K
FLYX icon
640
flyExclusive
FLYX
$125M
– –
-1,721,200
Closed -$17.5M
GHY
641
PGIM Global High Yield Fund
GHY
$458M
– –
-339,574
Closed -$3.73M
HIO
642
Western Asset High Income Opportunity Fund
HIO
$326M
– –
-15,000
Closed -$57.1K
HWH icon
643
HWH International
HWH
$15.5M
– –
-104,343
Closed -$5.36M
HYG icon
644
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.1B
– –
-150,000
Closed -$11.3M
IGR
645
CBRE Global Real Estate Income Fund
IGR
$622M
– –
-16,667
Closed -$266K
IONQ.WS
646
IonQ Inc Warrants
IONQ.WS
$6.13B
– –
-525,586
Closed -$746K
KIO
647
KKR Income Opportunities Fund
KIO
$438M
– –
-151,886
Closed -$1.67M
MAR icon
648
Marriott International
MAR
$87.3B
– –
-7,679
Closed -$1.28M
MAR icon
649
PUT
Marriott International
MAR
$87.3B
– –
-140,000
Closed -$23.2M
MIR icon
650
Mirion Technologies
MIR
$3.85B
– –
-17,031
Closed -$145K
24 25
26
27 28

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LNC
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Saba Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Saba Capital Management held 807 positions worth $3.84B, down 27% from $5.24B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Saba Capital Management withdrew a net $1.12B in Q2 2023, closing 180 positions and reducing 132 holdings. Its most notable exit was GCT Semiconductor Holding, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 81% of assets, up from 56% a quarter earlier, followed by Financials and Technology.

Against the trend, Saba Capital Management opened a new position in FS Credit Opportunities Corp worth $33.6M.

  • Saba Capital Management's largest Q2 2023 buy was FS Credit Opportunities Corp: 7,069,959 shares worth $33.6M.
  • Saba Capital Management added most to BlackRock ESG Capital Allocation Term Trust in Q2 2023, an estimated $56.8M increase.
  • Saba Capital Management's biggest Q2 2023 reduction was Nabors Energy Transition Corp., cutting an estimated $24.5M.
  • Saba Capital Management fully exited GCT Semiconductor Holding in Q2 2023, selling an estimated $26.9M.
  • Saba Capital Management's ten largest holdings make up 32% of its $3.84B portfolio in Q2 2023.
  • Saba Capital Management opened 42 new positions and closed 180 in Q2 2023.
  • Saba Capital Management's portfolio value fell 27% quarter-over-quarter to $3.84B.

Based on Saba Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.