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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
+8.05%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.97B
AUM Growth
+$805M
Cap. Flow
+$407M
Cap. Flow %
8.19%
Top 10 Hldgs %
36.32%
Holding
612
New
38
Increased
118
Reduced
49
Closed
118

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$144M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$133M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$118M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$50M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$48.9M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$89M
2
KMF
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
+$32.7M
3
FSCO
FS Credit Opportunities Corp
FSCO
+$22.5M
4
CEN
Center Coast Brookfield MLP & Energy Infrastructure Fund
CEN
+$15.1M
5
F icon
Ford
F
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 3.71%
2 Consumer Discretionary 0.93%
3 Industrials 0.4%
4 Technology 0.39%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLF icon
76
PUT
Cleveland-Cliffs
CLF
$6.57B
$18.4M 0.37%
900,000
– –
NPFD icon
77
Nuveen Variable Rate Preferred & Income Fund
NPFD
$440M
$18.3M 0.37%
1,128,344
+722,798
+178% +$11.3M
FIF
78
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
$17.9M 0.36%
1,085,708
-4,906
-0.4% -$77K
FMN
79
Federated Hermes Premier Municipal Income Fund
FMN
$86.8M
$17.5M 0.35%
1,594,731
+457,327
+40% +$4.59M
GUG
80
Guggenheim Active Allocation Fund
GUG
$510M
$17.3M 0.35%
1,178,262
+189,383
+19% +$2.58M
BBY icon
81
PUT
Best Buy
BBY
$18.2B
$17.2M 0.35%
220,000
– –
MUI
82
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$17.1M 0.34%
1,466,237
-501,895
-26% -$5.4M
MIO
83
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$17M 0.34%
1,609,724
+261,317
+19% +$2.59M
BNY
84
DELISTED
BlackRock New York Municipal Income Trust
BNY
$16.9M 0.34%
1,604,164
+349,064
+28% +$3.34M
BRW
85
Saba Capital Income & Opportunities Fund
BRW
$336M
$16.6M 0.33%
2,154,158
-332,393
-13% -$2.53M
BABA icon
86
Alibaba
BABA
$293B
$16.4M 0.33%
+211,855
New +$16.9M
HES
87
PUT
DELISTED
Hess
HES
$15.9M 0.32%
110,000
– –
NTG
88
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$15.6M 0.31%
448,587
-46,261
-9% -$1.57M
UNFI icon
89
PUT
United Natural Foods
UNFI
$3.08B
$15.5M 0.31%
+954,000
New +$14.5M
EPAM icon
90
PUT
EPAM Systems
EPAM
$5.51B
$14.9M 0.3%
50,000
– –
VCV icon
91
Invesco California Value Municipal Income Trust
VCV
$518M
$14.7M 0.29%
1,496,145
+1,297,507
+653% +$11.6M
DSM
92
BNY Mellon Strategic Municipal Bond Fund
DSM
$288M
$14.4M 0.29%
2,518,798
+1,543,053
+158% +$8.06M
DMF
93
DELISTED
BNY Mellon Municipal Income
DMF
$14.3M 0.29%
2,195,555
+221,481
+11% +$1.32M
LNC icon
94
Lincoln National
LNC
$8.73B
$14.2M 0.29%
525,608
– –
FCX icon
95
PUT
Freeport-McMoran
FCX
$90B
$13.8M 0.28%
325,000
– –
JQC icon
96
Nuveen Credit Strategies Income Fund
JQC
$705M
$13.8M 0.28%
2,641,026
-723,402
-22% -$3.65M
FPL
97
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$13.5M 0.27%
1,965,760
– –
KSM
98
DELISTED
DWS Strategic Municipal Income Trust
KSM
$13.4M 0.27%
1,550,849
+355,661
+30% +$2.83M
IWM icon
99
CALL
iShares Russell 2000 ETF
IWM
$79.8B
$13.3M 0.27%
+66,200
New +$11.9M
HYB
100
DELISTED
New America High Income Fund, Inc.
HYB
$12.7M 0.26%
1,807,041
+466,366
+35% +$3.11M
2 3
4
5 6

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Saba Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Saba Capital Management held 612 positions worth $4.97B, up 19% from $4.17B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Saba Capital Management deployed $407M of net new capital in Q4 2023, opening 38 new positions and adding to 118 existing holdings. Its largest new stake was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.

By sector, the portfolio is most concentrated in Financials at 3.7% of assets, down from 5.9% 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 $89M trimmed.

  • Saba Capital Management's largest Q4 2023 buy was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.
  • Saba Capital Management added most to BlackRock Technology and Private Equity Term Trust in Q4 2023, an estimated $144M increase.
  • Saba Capital Management's biggest Q4 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $89M.
  • Saba Capital Management fully exited Kayne Anderson NextGen Energy & Infrastructure, Inc. in Q4 2023, selling an estimated $32.7M.
  • Saba Capital Management's ten largest holdings make up 36% of its $4.97B portfolio in Q4 2023.
  • Saba Capital Management opened 38 new positions and closed 118 in Q4 2023.
  • Saba Capital Management's portfolio value rose 19% quarter-over-quarter to $4.97B.

Based on Saba Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.