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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
-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
TYG
76
Tortoise Energy Infrastructure Corp
TYG
$1.09B
$13.4M 0.32%
464,622
+64,461
+16% +$1.95M
GUG
77
Guggenheim Active Allocation Fund
GUG
$510M
$13.3M 0.32%
988,879
+235,309
+31% +$3.3M
MHN
78
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$13.3M 0.32%
1,456,042
+463,132
+47% +$4.64M
MAV
79
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$13.1M 0.31%
1,946,700
+1,468,441
+307% +$11.1M
LNC icon
80
Lincoln National
LNC
$8.73B
$13M 0.31%
525,608
-110,740
-17% -$2.9M
MIO
81
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$12.9M 0.31%
1,348,407
+199,285
+17% +$2.09M
EPAM icon
82
PUT
EPAM Systems
EPAM
$5.51B
$12.8M 0.31%
50,000
– –
F icon
83
Ford
F
$58.5B
$12.7M 0.3%
+1,022,934
New +$13.3M
FPL
84
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$12.3M 0.3%
1,965,760
+1,069,735
+119% +$6.73M
KTF
85
DWS Municipal Income Trust
KTF
$346M
$12.2M 0.29%
1,590,453
+702,779
+79% +$5.91M
FCX icon
86
PUT
Freeport-McMoran
FCX
$90B
$12.1M 0.29%
325,000
– –
VTN icon
87
Invesco Trust for Investment Grade New York Municipals
VTN
$159M
$11.9M 0.29%
1,304,789
+718,176
+122% +$7.09M
MMU
88
Western Asset Managed Municipals Fund
MMU
$548M
$11.9M 0.28%
1,328,471
+1,304,726
+5,495% +$12.6M
AAL icon
89
American Airlines Group
AAL
$10.1B
$11.4M 0.27%
891,625
+769,400
+629% +$11.9M
BNY
90
DELISTED
BlackRock New York Municipal Income Trust
BNY
$11.4M 0.27%
1,255,100
+405,007
+48% +$4.01M
DMF
91
DELISTED
BNY Mellon Municipal Income
DMF
$11.2M 0.27%
1,974,074
+789,742
+67% +$4.87M
FMN
92
Federated Hermes Premier Municipal Income Fund
FMN
$86.8M
$10.9M 0.26%
1,137,404
+446,787
+65% +$4.61M
IDE
93
Voya Infrastructure, Industrials and Materials Fund
IDE
$199M
$10.7M 0.26%
1,131,695
+250,929
+28% +$2.46M
SCU
94
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
$10.7M 0.26%
918,980
– –
RCFA
95
DELISTED
Perception Capital Corp. IV
RCFA
$10.7M 0.26%
973,753
– –
BBY icon
96
Best Buy
BBY
$18.2B
$10.6M 0.25%
152,242
+72,247
+90% +$5.58M
CMU
97
DELISTED
MFS High Yield Municipal Trust
CMU
$10.5M 0.25%
3,351,581
+46,530
+1% +$152K
TEAF
98
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$10.4M 0.25%
871,390
-17,155
-2% -$216K
WYNN icon
99
Wynn Resorts
WYNN
$10.3B
$10.4M 0.25%
112,026
+48,106
+75% +$4.83M
TBLD
100
Thornburg Income Builder Opportunities Trust
TBLD
$703M
$9.73M 0.23%
666,554
+115,220
+21% +$1.75M
2 3
4
5 6

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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.