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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
-3.79%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.27B
AUM Growth
-$530M
Cap. Flow
-$408M
Cap. Flow %
-9.56%
Top 10 Hldgs %
53.58%
Holding
370
New
14
Increased
54
Reduced
78
Closed
84

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$33.6M
2
TYG
Tortoise Energy Infrastructure Corp
TYG
+$24.1M
3
GAM
General American Investors Company
GAM
+$23M
4
CNNE icon
Cannae Holdings
CNNE
+$21.3M
5
GDV icon
Gabelli Dividend & Income Trust
GDV
+$19.8M

Top Sells

Rank Stock Value
1
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$40.2M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$40.2M
3
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$34M
4
VTN icon
Invesco Trust for Investment Grade New York Municipals
VTN
+$28.7M
5
VPV icon
Invesco Pennsylvania Value Municipal Income Trust
VPV
+$26.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 1.37%
2 Communication Services 1.12%
3 Technology 0.81%
4 Financials 0.81%
5 Industrials 0.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JOF
76
Japan Smaller Capitalization Fund
JOF
$321M
$7.93M 0.19%
1,034,195
+713,033
+222% +$5.54M
SOC icon
77
Sable Offshore Corp
SOC
$1.01B
$6.67M 0.16%
291,402
-58,598
-17% -$1.28M
CEV
78
Eaton Vance California Municipal Income Trust
CEV
$70.7M
$6.41M 0.15%
638,737
-144,008
-18% -$1.51M
MIY icon
79
BlackRock MuniYield Michigan Quality Fund
MIY
$353M
$6.05M 0.14%
540,766
-175,108
-24% -$2.05M
EDD
80
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$375M
$5.9M 0.14%
1,299,351
-1,395,240
-52% -$6.57M
HPP
81
Hudson Pacific Properties
HPP
$747M
$5.43M 0.13%
255,823
+131,149
+105% +$3.58M
SNAP icon
82
Snap
SNAP
$7.89B
$5.15M 0.12%
478,090
-460,111
-49% -$5.19M
UIS icon
83
Unisys
UIS
$209M
$5.12M 0.12%
809,079
-361,405
-31% -$2.52M
BCV
84
Bancroft Fund
BCV
$133M
$5M 0.12%
282,401
+29,286
+12% +$516K
VPV icon
85
Invesco Pennsylvania Value Municipal Income Trust
VPV
$193M
$4.9M 0.11%
475,944
-2,407,161
-83% -$26.5M
IHD
86
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$130M
$4.59M 0.11%
915,730
+116,361
+15% +$619K
DIAX
87
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
$4.38M 0.1%
291,102
-600
-0.2% -$9.09K
VERX icon
88
Vertex
VERX
$2.09B
$4.12M 0.1%
77,292
-1,798
-2% -$87.2K
FMN
89
Federated Hermes Premier Municipal Income Fund
FMN
$86.8M
$4.09M 0.1%
374,908
-1,276,016
-77% -$14.7M
ERH
90
Allspring Utilities & High Income Fund
ERH
$105M
$4.01M 0.09%
374,129
+99,408
+36% +$1.09M
PGZ
91
Principal Real Estate Income Fund
PGZ
$68.4M
$3.97M 0.09%
401,763
-47,744
-11% -$507K
JEQ
92
DELISTED
abrdn Japan Equity Fund
JEQ
$3.95M 0.09%
687,081
+6,394
+0.9% +$37.7K
GDS icon
93
GDS Holdings
GDS
$6.56B
$3.79M 0.09%
159,328
+40,000
+34% +$845K
QVCGA
94
DELISTED
QVC Group Inc Series A
QVCGA
$3.75M 0.09%
227,488
+90,468
+66% +$2.12M
MUJ icon
95
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$637M
$3.66M 0.09%
330,964
-382,186
-54% -$4.48M
MFM
96
Aberdeen Municipal Income Fund
MFM
$221M
$3.66M 0.09%
683,746
-234,568
-26% -$1.31M
ZTR
97
Virtus Total Return Fund
ZTR
$340M
$3.57M 0.08%
608,509
-76,469
-11% -$460K
GLQ
98
Clough Global Equity Fund
GLQ
$152M
$3.5M 0.08%
526,276
+75,119
+17% +$516K
GLV
99
Clough Global Dividend & Income Fund
GLV
$78.1M
$3.22M 0.08%
593,789
-49,581
-8% -$285K
ARBE icon
100
Arbe Robotics
ARBE
$80.3M
$3.12M 0.07%
1,676,725
+485,613
+41% +$885K
2 3
4
5 6

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Saba Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Saba Capital Management held 370 positions worth $4.27B, down 11% from $4.8B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Saba Capital Management withdrew a net $408M in Q4 2024, closing 84 positions and reducing 78 holdings. Its most notable exit was Nuveen California Quality Municipal Income Fund, an estimated $34M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 1.4% of assets, up from 0.85% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Saba Capital Management opened a new position in Merlin Inc worth $12.1M.

  • Saba Capital Management's largest Q4 2024 buy was Merlin Inc: 1,224,823 shares worth $12.1M.
  • Saba Capital Management added most to BlackRock Technology and Private Equity Term Trust in Q4 2024, an estimated $33.6M increase.
  • Saba Capital Management's biggest Q4 2024 reduction was Invesco Municipal Opportunity Trust, cutting an estimated $40.2M.
  • Saba Capital Management fully exited Nuveen California Quality Municipal Income Fund in Q4 2024, selling an estimated $34M.
  • Saba Capital Management's ten largest holdings make up 54% of its $4.27B portfolio in Q4 2024.
  • Saba Capital Management opened 14 new positions and closed 84 in Q4 2024.
  • Saba Capital Management's portfolio value fell 11% quarter-over-quarter to $4.27B.

Based on Saba Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.