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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
+0.47%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$6.01B
AUM Growth
+$175M
Cap. Flow
+$210M
Cap. Flow %
3.5%
Top 10 Hldgs %
57.1%
Holding
433
New
31
Increased
88
Reduced
47
Closed
48

Top Buys

Rank Stock Value
1
ADX icon
Adams Diversified Equity Fund
ADX
+$35.3M
2
GDV icon
Gabelli Dividend & Income Trust
GDV
+$35.1M
3
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$24.2M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$23.6M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$18.2M

Top Sells

Rank Stock Value
1
EMO
ClearBridge Energy Midstream Opportunity Fund
EMO
+$113M
2
CEM
ClearBridge MLP and Midstream Fund Inc.
CEM
+$100M
3
CTR
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
+$44.4M
4
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
+$32.8M
5
FPL
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
+$15.1M

Sector Composition

Rank Sector Weight
1 Financials 0.92%
2 Communication Services 0.48%
3 Consumer Discretionary 0.43%
4 Technology 0.29%
5 Industrials 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MYN icon
51
BlackRock MuniYield New York Quality Fund
MYN
$374M
$23.1M 0.38%
2,201,685
-363,310
-14% -$3.75M
MHN
52
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$22.9M 0.38%
2,123,903
+41,686
+2% +$440K
KTF
53
DWS Municipal Income Trust
KTF
$346M
$22.4M 0.37%
2,363,812
– –
NTG
54
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$21.9M 0.36%
511,042
+18,384
+4% +$726K
VCV icon
55
Invesco California Value Municipal Income Trust
VCV
$518M
$21.9M 0.36%
2,106,169
+197,260
+10% +$1.95M
BOE icon
56
BlackRock Enhanced Global Dividend Trust
BOE
$673M
$21.2M 0.35%
1,996,379
+1,191,547
+148% +$12.3M
LGI
57
Lazard Global Total Return & Income Fund
LGI
$236M
$21.1M 0.35%
1,264,976
+473,354
+60% +$7.64M
X
58
PUT
DELISTED
US Steel
X
$21.1M 0.35%
557,400
-516,700
-48% -$19.7M
MIO
59
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$20.3M 0.34%
1,738,506
+12,527
+0.7% +$142K
FMN
60
Federated Hermes Premier Municipal Income Fund
FMN
$86.8M
$18.9M 0.31%
1,650,924
+20,534
+1% +$229K
NVG icon
61
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$18.3M 0.3%
1,466,137
-841,665
-36% -$10M
MMU
62
Western Asset Managed Municipals Fund
MMU
$548M
$18.2M 0.3%
1,761,892
-346,514
-16% -$3.51M
NZF icon
63
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$18.2M 0.3%
1,471,376
-1,072,113
-42% -$12.9M
EDD
64
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$376M
$17.7M 0.29%
3,873,319
-241,103
-6% -$1.12M
TBLD
65
Thornburg Income Builder Opportunities Trust
TBLD
$703M
$17.4M 0.29%
1,078,883
+390,145
+57% +$6.19M
WB icon
66
Weibo
WB
$2B
$17.3M 0.29%
2,250,709
+970,589
+76% +$8.45M
NAVI icon
67
PUT
Navient
NAVI
$789M
$17.2M 0.29%
1,181,000
+21,100
+2% +$326K
DMF
68
DELISTED
BNY Mellon Municipal Income
DMF
$17.1M 0.28%
2,377,018
– –
HIE
69
DELISTED
Miller/Howard High Income Equity Fund
HIE
$16.8M 0.28%
1,499,276
– –
TYG
70
Tortoise Energy Infrastructure Corp
TYG
$1.09B
$16.6M 0.28%
476,922
+22,859
+5% +$744K
LNC icon
71
Lincoln National
LNC
$8.73B
$16.3M 0.27%
525,608
– –
KSM
72
DELISTED
DWS Strategic Municipal Income Trust
KSM
$15.8M 0.26%
1,598,145
– –
CPZ
73
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$259M
$15.3M 0.25%
1,001,825
+5,847
+0.6% +$89.9K
GRX
74
Gabelli Healthcare & Wellness Trust
GRX
$144M
$14.8M 0.25%
1,549,780
+733,339
+90% +$7.06M
HYB
75
DELISTED
New America High Income Fund, Inc.
HYB
$13.7M 0.23%
1,866,253
+5
+0% +$36
1 2
3
4 5

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Saba Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Saba Capital Management held 433 positions worth $6.01B, up 3% from $5.84B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Saba Capital Management deployed $210M of net new capital in Q2 2024, opening 31 new positions and adding to 88 existing holdings. Its largest new stake was Trump Media & Technology Group: 201,838 shares worth $4.68M.

By sector, the portfolio is most concentrated in Financials at 0.92% of assets, down from 0.94% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was ClearBridge Energy Midstream Opportunity Fund, an estimated $113M trimmed.

  • Saba Capital Management's largest Q2 2024 buy was Trump Media & Technology Group: 201,838 shares worth $4.68M.
  • Saba Capital Management added most to Adams Diversified Equity Fund in Q2 2024, an estimated $35.3M increase.
  • Saba Capital Management's biggest Q2 2024 reduction was ClearBridge Energy Midstream Opportunity Fund, cutting an estimated $113M.
  • Saba Capital Management fully exited ClearBridge MLP and Midstream Fund Inc. in Q2 2024, selling an estimated $100M.
  • Saba Capital Management's ten largest holdings make up 57% of its $6.01B portfolio in Q2 2024.
  • Saba Capital Management opened 31 new positions and closed 48 in Q2 2024.
  • Saba Capital Management's portfolio value rose 3% quarter-over-quarter to $6.01B.

Based on Saba Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.