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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
+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
BMBL icon
76
Bumble
BMBL
$372M
$12.3M 0.26%
+1,920,910
New +$14.5M
M icon
77
PUT
Macy's
M
$6.53B
$12.1M 0.25%
773,200
+293,200
+61% +$4.76M
NPFD icon
78
Nuveen Variable Rate Preferred & Income Fund
NPFD
$440M
$11.7M 0.24%
616,954
-947,110
-61% -$17.7M
STHO icon
79
Star Holdings Shares of Beneficial Interest
STHO
$113M
$11.3M 0.24%
818,168
-66,210
-7% -$858K
CXE
80
DELISTED
MFS High Income Municipal Trust
CXE
$11.3M 0.24%
2,821,296
+23,392
+0.8% +$89.5K
KYN icon
81
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
$10.9M 0.23%
989,356
+273,400
+38% +$2.91M
EMO
82
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.02B
$10.8M 0.23%
256,005
-9,846
-4% -$399K
GNT
83
GAMCO Natural Resources, Gold & Income Trust
GNT
$134M
$10.7M 0.22%
1,826,812
+5,043
+0.3% +$28.7K
BGY icon
84
BlackRock Enhanced International Dividend Trust
BGY
$524M
$10.4M 0.22%
1,800,112
+31,250
+2% +$176K
SNAP icon
85
Snap
SNAP
$7.89B
$10M 0.21%
+938,201
New +$10.7M
EOD
86
Allspring Global Dividend Opportunity Fund
EOD
$277M
$9.38M 0.2%
1,871,553
+297,545
+19% +$1.45M
DMF
87
DELISTED
BNY Mellon Municipal Income
DMF
$9.19M 0.19%
1,257,479
-1,119,539
-47% -$8.15M
BIDU icon
88
Baidu
BIDU
$37.7B
$8.78M 0.18%
83,419
+2,419
+3% +$214K
MUJ icon
89
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$640M
$8.65M 0.18%
713,150
-398,779
-36% -$4.7M
MIY icon
90
BlackRock MuniYield Michigan Quality Fund
MIY
$353M
$8.6M 0.18%
715,874
– –
CEV
91
Eaton Vance California Municipal Income Trust
CEV
$70.7M
$8.51M 0.18%
782,745
-179,467
-19% -$1.97M
BTT icon
92
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$8.27M 0.17%
382,344
– –
PCK
93
DELISTED
Pimco California Municipal Income Fund II
PCK
$7.94M 0.17%
1,264,741
+67,332
+6% +$404K
GF
94
New Germany Fund
GF
$184M
$7.93M 0.17%
+888,488
New +$7.47M
TTP
95
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
$7.64M 0.16%
181,093
– –
SOC icon
96
Sable Offshore Corp
SOC
$1.01B
$7.46M 0.16%
+350,000
New +$6.3M
JRI icon
97
Nuveen Real Asset Income & Growth Fund
JRI
$356M
$7.29M 0.15%
533,536
-2,070,380
-80% -$26.5M
UIS icon
98
Unisys
UIS
$209M
$6.65M 0.14%
1,170,484
-445,200
-28% -$2.21M
PAGS icon
99
PagSeguro Digital
PAGS
$2.69B
$6.54M 0.14%
759,815
+301,100
+66% +$3.48M
NDP
100
DELISTED
TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP
$6.39M 0.13%
169,805
– –
2 3
4
5 6

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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.