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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
+5.02%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.8B
AUM Growth
-$1.22B
Cap. Flow
-$1.43B
Cap. Flow %
-29.79%
Top 10 Hldgs %
47.67%
Holding
417
New
28
Increased
55
Reduced
62
Closed
59

Top Buys

Rank Stock Value
1
GDV icon
Gabelli Dividend & Income Trust
GDV
+$36.5M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$28.1M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$27M
4
GAM
General American Investors Company
GAM
+$26.6M
5
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$25.4M

Top Sells

Rank Stock Value
1
ADX icon
Adams Diversified Equity Fund
ADX
+$70.9M
2
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$57.1M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.3M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$33.5M
5
JRI icon
Nuveen Real Asset Income & Growth Fund
JRI
+$26.5M

Sector Composition

Rank Sector Weight
1 Communication Services 1.12%
2 Financials 1.04%
3 Consumer Discretionary 0.85%
4 Technology 0.59%
5 Real Estate 0.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNNE icon
51
Cannae Holdings
CNNE
$638M
$22M 0.46%
1,154,147
+756,247
+190% +$14.5M
MYN icon
52
BlackRock MuniYield New York Quality Fund
MYN
$372M
$20.6M 0.43%
1,913,913
-287,772
-13% -$3.04M
FMN
53
Federated Hermes Premier Municipal Income Fund
FMN
$86.6M
$20.5M 0.43%
1,650,924
– –
NML
54
Neuberger Energy Infrastructure and Income Fund Inc
NML
$584M
$20.4M 0.43%
2,486,811
-698,118
-22% -$5.58M
IIF
55
Morgan Stanley India Investment Fund
IIF
$217M
$20.3M 0.42%
+675,703
New +$18.7M
GRX
56
Gabelli Healthcare & Wellness Trust
GRX
$143M
$20.2M 0.42%
1,846,899
+297,119
+19% +$3.13M
X
57
PUT
DELISTED
US Steel
X
$19.5M 0.41%
552,400
-5,000
-0.9% -$190K
TYG
58
Tortoise Energy Infrastructure Corp
TYG
$1.09B
$18.8M 0.39%
479,438
+2,516
+0.5% +$90.8K
NAVI icon
59
PUT
Navient
NAVI
$785M
$18.4M 0.38%
1,183,000
+2,000
+0.2% +$30.8K
VCV icon
60
Invesco California Value Municipal Income Trust
VCV
$515M
$18.1M 0.38%
1,663,043
-443,126
-21% -$4.78M
TEAF
61
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$17.5M 0.36%
1,341,457
+470,044
+54% +$5.79M
KSM
62
DELISTED
DWS Strategic Municipal Income Trust
KSM
$16.3M 0.34%
1,598,145
– –
RA
63
Brookfield Real Assets Income Fund
RA
$707M
$16.1M 0.34%
1,176,783
+258,900
+28% +$3.4M
HIE
64
DELISTED
Miller/Howard High Income Equity Fund
HIE
$15.8M 0.33%
1,297,112
-202,164
-13% -$2.36M
CPZ
65
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$258M
$15.7M 0.33%
1,003,080
+1,255
+0.1% +$19.4K
HYB
66
DELISTED
New America High Income Fund, Inc.
HYB
$15.5M 0.32%
1,866,253
– –
DMA
67
Destra Multi-Alternative Fund
DMA
$68M
$15.1M 0.31%
1,738,401
+474,782
+38% +$3.96M
MMU
68
Western Asset Managed Municipals Fund
MMU
$546M
$15M 0.31%
1,381,225
-380,667
-22% -$4.06M
TBLD
69
Thornburg Income Builder Opportunities Trust
TBLD
$697M
$14.9M 0.31%
835,447
-243,436
-23% -$4.09M
AGD
70
abrdn Global Dynamic Dividend Fund
AGD
$317M
$13.8M 0.29%
1,300,332
+370,120
+40% +$3.72M
EDD
71
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$375M
$13.6M 0.28%
2,694,591
-1,178,728
-30% -$5.78M
LNC icon
72
Lincoln National
LNC
$8.76B
$13.5M 0.28%
427,117
-98,491
-19% -$3.07M
GLO
73
Clough Global Opportunities Fund
GLO
$249M
$12.8M 0.27%
2,342,866
+1,535,381
+190% +$8.18M
DMB
74
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$193M
$12.7M 0.26%
1,135,060
– –
ECF
75
Ellsworth Growth & Income Fund
ECF
$167M
$12.6M 0.26%
1,403,987
+319,968
+30% +$2.74M
1 2
3
4 5

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Saba Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Saba Capital Management held 417 positions worth $4.8B, down 20% from $6.01B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management withdrew a net $1.43B in Q3 2024, closing 59 positions and reducing 62 holdings. Its most notable exit was Nuveen AMT-Free Quality Municipal Income Fund, an estimated $34.3M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 1.1% of assets, up from 0.48% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in Morgan Stanley India Investment Fund worth $20.3M.

  • Saba Capital Management's largest Q3 2024 buy was Morgan Stanley India Investment Fund: 675,703 shares worth $20.3M.
  • Saba Capital Management added most to Gabelli Dividend & Income Trust in Q3 2024, an estimated $36.5M increase.
  • Saba Capital Management's biggest Q3 2024 reduction was Adams Diversified Equity Fund, cutting an estimated $70.9M.
  • Saba Capital Management fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q3 2024, selling an estimated $34.3M.
  • Saba Capital Management's ten largest holdings make up 48% of its $4.8B portfolio in Q3 2024.
  • Saba Capital Management opened 28 new positions and closed 59 in Q3 2024.
  • Saba Capital Management's portfolio value fell 20% quarter-over-quarter to $4.8B.

Based on Saba Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.