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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
-3.71%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.17B
AUM Growth
+$325M
Cap. Flow
+$544M
Cap. Flow %
13.06%
Top 10 Hldgs %
34.08%
Holding
670
New
43
Increased
119
Reduced
67
Closed
97

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$42.9M
2
ADX icon
Adams Diversified Equity Fund
ADX
+$40.8M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$32M
4
PDX
PIMCO Dynamic Income Strategy Fund
PDX
+$30.2M
5
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.1M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$29.1M
2
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$27.2M
3
ZING
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
+$21.5M
4
ESTE
Earthstone Energy Inc. Class A Common Stock
ESTE
+$15.4M
5
IRRX
Integrated Rail and Resources Acquisition Corp.
IRRX
+$15.2M

Sector Composition

Rank Sector Weight
1 Financials 5.94%
2 Consumer Discretionary 1.01%
3 Industrials 0.95%
4 Technology 0.77%
5 Materials 0.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
51
PUT
Microsoft
MSFT
$3.45T
$20.5M 0.49%
65,000
– –
JRI icon
52
Nuveen Real Asset Income & Growth Fund
JRI
$356M
$20.4M 0.49%
1,920,599
+946,773
+97% +$10.6M
EVM
53
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$20.1M 0.48%
2,472,864
+81,299
+3% +$709K
MUI
54
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$20M 0.48%
1,968,132
-6,588
-0.3% -$72.7K
BRW
55
Saba Capital Income & Opportunities Fund
BRW
$336M
$19.1M 0.46%
2,486,551
-998,250
-29% -$7.8M
VPV icon
56
Invesco Pennsylvania Value Municipal Income Trust
VPV
$193M
$18.9M 0.45%
2,114,078
+790,187
+60% +$7.58M
ANF icon
57
PUT
Abercrombie & Fitch
ANF
$4.42B
$18.4M 0.44%
326,300
+170,000
+109% +$7.55M
NAVI icon
58
PUT
Navient
NAVI
$789M
$18.3M 0.44%
+1,059,900
New +$19.1M
NVG icon
59
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$17.8M 0.43%
1,729,896
+1,200,694
+227% +$13.5M
MPA icon
60
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$141M
$17.4M 0.42%
1,679,369
+268,399
+19% +$3.01M
MHI
61
DELISTED
Pioneer Municipal High Income Fund
MHI
$17.1M 0.41%
2,366,369
+1,866,605
+373% +$15.3M
JQC icon
62
Nuveen Credit Strategies Income Fund
JQC
$704M
$17M 0.41%
3,364,428
+93,347
+3% +$474K
NTG
63
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$16.9M 0.41%
494,848
+5,627
+1% +$198K
HES
64
PUT
DELISTED
Hess
HES
$16.8M 0.4%
110,000
– –
FIF
65
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
$16.5M 0.4%
1,090,614
+13,392
+1% +$204K
NRG icon
66
PUT
NRG Energy
NRG
$28.3B
$16.4M 0.39%
424,900
-75,100
-15% -$2.84M
KKR icon
67
PUT
KKR & Co
KKR
$91.1B
$16M 0.38%
260,000
– –
AFB
68
AllianceBernstein National Municipal Income Fund
AFB
$313M
$15.7M 0.38%
1,676,795
+1,165,325
+228% +$12.1M
NAD icon
69
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$15.4M 0.37%
1,519,596
+1,355,881
+828% +$14.8M
BBY icon
70
PUT
Best Buy
BBY
$18.2B
$15.3M 0.37%
220,000
– –
CEN
71
DELISTED
Center Coast Brookfield MLP & Energy Infrastructure Fund
CEN
$15.1M 0.36%
713,142
-90,287
-11% -$1.87M
MU icon
72
PUT
Micron Technology
MU
$930B
$15M 0.36%
220,000
– –
BCX icon
73
BlackRock Resources & Commodities Strategy Trust
BCX
$919M
$14.7M 0.35%
1,600,113
+299,531
+23% +$2.81M
MYN icon
74
BlackRock MuniYield New York Quality Fund
MYN
$372M
$14.2M 0.34%
1,607,473
+531,925
+49% +$5.16M
CLF icon
75
PUT
Cleveland-Cliffs
CLF
$6.57B
$14.1M 0.34%
900,000
– –
1 2
3
4 5

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Saba Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Saba Capital Management held 670 positions worth $4.17B, up 8.5% from $3.84B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Saba Capital Management deployed $544M of net new capital in Q3 2023, opening 43 new positions and adding to 119 existing holdings. Its largest new stake was Ford: 1,022,934 shares worth $12.7M.

By sector, the portfolio is most concentrated in Financials at 5.9% of assets, down from 14% 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 $29.1M trimmed.

  • Saba Capital Management's largest Q3 2023 buy was Ford: 1,022,934 shares worth $12.7M.
  • Saba Capital Management added most to BlackRock Technology and Private Equity Term Trust in Q3 2023, an estimated $42.9M increase.
  • Saba Capital Management's biggest Q3 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $29.1M.
  • Saba Capital Management fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2023, selling an estimated $27.2M.
  • Saba Capital Management's ten largest holdings make up 34% of its $4.17B portfolio in Q3 2023.
  • Saba Capital Management opened 43 new positions and closed 97 in Q3 2023.
  • Saba Capital Management's portfolio value rose 8.5% quarter-over-quarter to $4.17B.

Based on Saba Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.