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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
FPL
76
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$15.1M 0.26%
1,965,760
– –
KSM
77
DELISTED
DWS Strategic Municipal Income Trust
KSM
$14.3M 0.24%
1,598,145
+47,296
+3% +$417K
TYG
78
Tortoise Energy Infrastructure Corp
TYG
$1.09B
$14M 0.24%
454,063
+39,183
+9% +$1.15M
MVF
79
DELISTED
BlackRock MuniVest Fund
MVF
$13.9M 0.24%
1,972,918
+1,393,920
+241% +$9.76M
HYB
80
DELISTED
New America High Income Fund, Inc.
HYB
$13.6M 0.23%
1,866,248
+59,207
+3% +$428K
LGI
81
Lazard Global Total Return & Income Fund
LGI
$236M
$12.9M 0.22%
791,622
+600,970
+315% +$9.41M
IDE
82
Voya Infrastructure, Industrials and Materials Fund
IDE
$199M
$12.8M 0.22%
1,221,011
+61,901
+5% +$624K
NAN icon
83
Nuveen New York Quality Municipal Income Fund
NAN
$368M
$11.8M 0.2%
1,080,991
-25,275
-2% -$277K
RA
84
Brookfield Real Assets Income Fund
RA
$708M
$11.7M 0.2%
903,026
-881,980
-49% -$11.4M
WB icon
85
Weibo
WB
$2B
$11.6M 0.2%
1,280,120
+677,116
+112% +$6.14M
TBLD
86
Thornburg Income Builder Opportunities Trust
TBLD
$703M
$11.1M 0.19%
688,738
-65,333
-9% -$1.03M
MIY icon
87
BlackRock MuniYield Michigan Quality Fund
MIY
$353M
$10.9M 0.19%
945,560
-18,911
-2% -$216K
STHO icon
88
Star Holdings Shares of Beneficial Interest
STHO
$113M
$10.8M 0.19%
836,121
+266,673
+47% +$3.33M
BGY icon
89
BlackRock Enhanced International Dividend Trust
BGY
$524M
$10.7M 0.18%
1,941,924
+109,802
+6% +$587K
TEAF
90
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$10.3M 0.18%
871,397
+7
+0% +$80
CEV
91
Eaton Vance California Municipal Income Trust
CEV
$70.7M
$10.2M 0.17%
962,212
– –
BRW
92
Saba Capital Income & Opportunities Fund
BRW
$336M
$9.83M 0.17%
1,348,714
-805,444
-37% -$5.95M
IGA
93
Voya Global Advantage and Premium Opportunity Fund
IGA
$157M
$9.65M 0.17%
1,067,191
+171,063
+19% +$1.48M
M icon
94
PUT
Macy's
M
$6.53B
$9.49M 0.16%
+474,700
New +$9.17M
DMA
95
Destra Multi-Alternative Fund
DMA
$67.4M
$9.49M 0.16%
1,213,001
+87,281
+8% +$630K
LEO
96
BNY Mellon Strategic Municipals
LEO
$383M
$9.45M 0.16%
1,549,344
+855,265
+123% +$5.11M
KYN icon
97
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
$8.82M 0.15%
881,375
-4,242
-0.5% -$38.3K
BOE icon
98
BlackRock Enhanced Global Dividend Trust
BOE
$673M
$8.42M 0.14%
804,832
+157,249
+24% +$1.6M
GRX
99
Gabelli Healthcare & Wellness Trust
GRX
$144M
$8.36M 0.14%
816,441
+480,581
+143% +$4.69M
GNT
100
GAMCO Natural Resources, Gold & Income Trust
GNT
$135M
$8.13M 0.14%
1,560,758
-8,926
-0.6% -$44.7K
2 3
4
5 6

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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.