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SCM

Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
+7.04%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$5.84B
AUM Growth
+$867M
Cap. Flow
+$547M
Cap. Flow %
9.36%
Top 10 Hldgs %
53.67%
Holding
521
New
28
Increased
90
Reduced
62
Closed
121

Top Buys

Rank Stock Value
1
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$74.4M
2
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$63.6M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$58.4M
4
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$52.6M
5
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$42.4M

Top Sells

Rank Stock Value
1
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$23.2M
2
FIF
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
+$17.9M
3
FSCO
FS Credit Opportunities Corp
FSCO
+$17.4M
4
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$17.1M
5
MUC icon
BlackRock MuniHoldings California Quality Fund
MUC
+$16.5M

Sector Composition

Rank Sector Weight
1 Financials 0.94%
2 Technology 0.27%
3 Industrials 0.23%
4 Communication Services 0.22%
5 Consumer Discretionary 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NPFD icon
51
Nuveen Variable Rate Preferred & Income Fund
NPFD
$439M
$25.1M 0.43%
1,399,537
+271,193
+24% +$4.67M
VKQ icon
52
Invesco Municipal Trust
VKQ
$541M
$24.4M 0.42%
+2,514,208
New +$24M
VGM icon
53
Invesco Trust Investment Grade Municipals
VGM
$548M
$24.3M 0.42%
+2,465,650
New +$24.2M
GAM
54
General American Investors Company
GAM
$1.56B
$23.8M 0.41%
510,885
– –
BNY
55
DELISTED
BlackRock New York Municipal Income Trust
BNY
$23.1M 0.4%
2,178,000
+573,836
+36% +$6.05M
MHN
56
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$22.1M 0.38%
2,082,217
+293,069
+16% +$3.1M
MMU
57
Western Asset Managed Municipals Fund
MMU
$548M
$22M 0.38%
2,108,406
+8,448
+0.4% +$86K
MAV
58
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$21.4M 0.37%
2,631,183
+147,678
+6% +$1.19M
KTF
59
DWS Municipal Income Trust
KTF
$346M
$21.3M 0.37%
2,363,812
+135,429
+6% +$1.22M
CLF icon
60
PUT
Cleveland-Cliffs
CLF
$6.57B
$20.5M 0.35%
900,000
– –
NAVI icon
61
PUT
Navient
NAVI
$789M
$20.2M 0.35%
1,159,900
+28,100
+2% +$474K
NBH
62
Neuberger Municipal Fund Inc
NBH
$301M
$19.8M 0.34%
1,889,909
+3
+0% +$31
EDD
63
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$375M
$19.5M 0.33%
4,114,422
-307,548
-7% -$1.45M
MIO
64
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$19.5M 0.33%
1,725,979
+116,255
+7% +$1.27M
VCV icon
65
Invesco California Value Municipal Income Trust
VCV
$518M
$19M 0.33%
1,908,909
+412,764
+28% +$4.04M
NTG
66
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$18.9M 0.32%
492,658
+44,071
+10% +$1.58M
XRX icon
67
PUT
Xerox
XRX
$387M
$18.3M 0.31%
1,021,900
+6,100
+0.6% +$107K
DSM
68
BNY Mellon Strategic Municipal Bond Fund
DSM
$287M
$18.1M 0.31%
3,081,229
+562,431
+22% +$3.24M
FMN
69
Federated Hermes Premier Municipal Income Fund
FMN
$86.8M
$18M 0.31%
1,630,390
+35,659
+2% +$395K
HES
70
PUT
DELISTED
Hess
HES
$16.8M 0.29%
110,000
– –
LNC icon
71
Lincoln National
LNC
$8.73B
$16.8M 0.29%
525,608
– –
HIE
72
DELISTED
Miller/Howard High Income Equity Fund
HIE
$16.6M 0.28%
1,499,276
-682,283
-31% -$7.27M
MUJ icon
73
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$637M
$16.4M 0.28%
1,413,183
-299,931
-18% -$3.45M
DMF
74
DELISTED
BNY Mellon Municipal Income
DMF
$16.2M 0.28%
2,377,018
+181,463
+8% +$1.2M
CPZ
75
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$259M
$15.4M 0.26%
995,978
+238,891
+32% +$3.59M
1 2
3
4 5

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Saba Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Saba Capital Management held 521 positions worth $5.84B, up 17% from $4.97B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Saba Capital Management deployed $547M of net new capital in Q1 2024, opening 28 new positions and adding to 90 existing holdings. Its largest new stake was Invesco Trust Investment Grade Municipals: 2,465,650 shares worth $24.3M.

By sector, the portfolio is most concentrated in Financials at 0.94% of assets, down from 3.7% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was FS Credit Opportunities Corp, an estimated $17.4M trimmed.

  • Saba Capital Management's largest Q1 2024 buy was Invesco Trust Investment Grade Municipals: 2,465,650 shares worth $24.3M.
  • Saba Capital Management added most to BlackRock ESG Capital Allocation Term Trust in Q1 2024, an estimated $74.4M increase.
  • Saba Capital Management's biggest Q1 2024 reduction was FS Credit Opportunities Corp, cutting an estimated $17.4M.
  • Saba Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $23.2M.
  • Saba Capital Management's ten largest holdings make up 54% of its $5.84B portfolio in Q1 2024.
  • Saba Capital Management opened 28 new positions and closed 121 in Q1 2024.
  • Saba Capital Management's portfolio value rose 17% quarter-over-quarter to $5.84B.

Based on Saba Capital Management's 13F filing for Q1 2024, filed 15 May 2024.