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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
+8.29%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$3.66B
AUM Growth
-$599M
(-14%)
Cap. Flow
-$853M
Cap. Flow
% of AUM
-23.31%
Top 10 Holdings %
Top 10 Hldgs %
44.39%
Holding
376
New
53
Increased
42
Reduced
87
Closed
47
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ASA
ASA Gold and Precious Metals
ASA
|
+$50.9M |
| 2 |
Royce Value Trust
RVT
|
+$22.1M |
| 3 |
TRI-Continental Corp
TY
|
+$17M |
| 4 |
WENN
Wen Acquisition Corp
WENN
|
+$15.9M |
| 5 |
GAM
General American Investors Company
GAM
|
+$14.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BTX
BlackRock Technology and Private Equity Term Trust
BTX
|
+$445M |
| 2 |
BlackRock Capital Allocation Term Trust
BCAT
|
+$101M |
| 3 |
MHI
Pioneer Municipal High Income Fund
MHI
|
+$38.5M |
| 4 |
Adams Diversified Equity Fund
ADX
|
+$33.4M |
| 5 |
MAV
Pioneer Municipal High Income Advantage Fund
MAV
|
+$33.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 4.4% |
| 2 | Technology | 2.69% |
| 3 | Communication Services | 2.13% |
| 4 | Consumer Discretionary | 1.37% |
| 5 | Industrials | 1.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Advanced Micro Devices
AMD
$776B
| $8.42M | 0.23% |
52,055
+32,077
| +161% | +$5.18M |
|
77
Star Holdings Shares of Beneficial Interest
STHO
$113M
| $8.33M | 0.23% |
1,012,616
-95,904
| -9% | -$779K |
|
|
CXE
78
DELISTED
MFS High Income Municipal Trust
CXE
| $8.25M | 0.23% |
2,218,692
-169,106
| -7% | -$606K |
|
|
RAAQ
79
DELISTED
Real Asset Acquisition Corp
RAAQ
| $8.15M | 0.22% |
797,246
-25,000
| -3% | -$253K |
|
|
ONCH
80
1RT Acquisition Corp
ONCH
$221M
| $8.1M | 0.22% |
+774,932
| New | +$7.97M |
|
|
BCSS.U
81
Bain Capital GSS Investment Corp Units
BCSS.U
| $8.07M | 0.22% |
+800,000
| New | +$8.07M |
|
|
BLZRU
82
Trailblazer Acquisition Corp Unit
BLZRU
| $8.04M | 0.22% |
+786,316
| New | +$7.94M |
|
|
EVAC
83
EQV Ventures Acquisition Corp II
EVAC
$599M
| $7.56M | 0.21% |
+759,738
| New | +$7.55M |
|
84
Boeing
BA
$171B
| $7.51M | 0.21% |
34,779
-8,589
| -20% | -$1.94M |
|
|
GNT
85
GAMCO Natural Resources, Gold & Income Trust
GNT
$135M
| $7.35M | 0.2% |
1,045,186
-648,486
| -38% | -$4.3M |
|
|
TACO
86
Berto Acquisition Corp
TACO
$391M
| $7.28M | 0.2% |
700,000
| – | – |
|
|
CCII
87
Cohen Circle Acquisition Corp II
CCII
$359M
| $6.94M | 0.19% |
+684,000
| New | +$6.91M |
|
|
BCV
88
Bancroft Fund
BCV
$133M
| $6.88M | 0.19% |
314,539
+62,394
| +25% | +$1.27M |
|
89
PUT
The Mosaic Company
MOS
$7.03B
| $6.68M | 0.18% |
192,600
-760,000
| -80% | -$26.2M |
|
90
Qualcomm
QCOM
$155B
| $6.49M | 0.18% |
+39,004
| New | +$6.19M |
|
91
BlackRock MuniHoldings California Quality Fund
MUC
$996M
| $6.47M | 0.18% |
596,597
-1,240,027
| -68% | -$12.9M |
|
92
Trump Media & Technology Group
DJT
$2.73B
| $6.38M | 0.17% |
388,802
| – | – |
|
|
TDF
93
Templeton Dragon Fund
TDF
$270M
| $6.28M | 0.17% |
539,260
+54,690
| +11% | +$587K |
|
94
GDS Holdings
GDS
$6.56B
| $6.19M | 0.17% |
160,000
-7,174
| -4% | -$254K |
|
95
PUT
PayPal
PYPL
$48.9B
| $6.02M | 0.16% |
89,800
+14,100
| +19% | +$994K |
|
96
CrowdStrike
CRWD
$194B
| $5.76M | 0.16% |
+46,956
| New | +$5.34M |
|
97
PUT
Rithm Capital
RITM
$5.52B
| $5.7M | 0.16% |
500,000
| – | – |
|
|
EOD
98
Allspring Global Dividend Opportunity Fund
EOD
$279M
| $5.68M | 0.16% |
996,353
-892,568
| -47% | -$5.01M |
|
99
Uber
UBER
$143B
| $5.6M | 0.15% |
57,158
-71,678
| -56% | -$6.7M |
|
100
Lincoln National
LNC
$8.73B
| $5.42M | 0.15% |
134,392
-35,733
| -21% | -$1.38M |
|
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AA
Saba Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Saba Capital Management held 376 positions worth $3.66B, down 14% from $4.26B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Saba Capital Management withdrew a net $853M in Q3 2025, closing 47 positions and reducing 87 holdings. Its most notable exit was BlackRock Technology and Private Equity Term Trust, an estimated $445M position sold in full.
By sector, the portfolio is most concentrated in Financials at 4.4% of assets, up from 2.6% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Saba Capital Management opened a new position in Royce Value Trust worth $22.6M.
- Saba Capital Management's largest Q3 2025 buy was Royce Value Trust: 1,404,173 shares worth $22.6M.
- Saba Capital Management added most to ASA Gold and Precious Metals in Q3 2025, an estimated $50.9M increase.
- Saba Capital Management's biggest Q3 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $101M.
- Saba Capital Management fully exited BlackRock Technology and Private Equity Term Trust in Q3 2025, selling an estimated $445M.
- Saba Capital Management's ten largest holdings make up 44% of its $3.66B portfolio in Q3 2025.
- Saba Capital Management opened 53 new positions and closed 47 in Q3 2025.
- Saba Capital Management's portfolio value fell 14% quarter-over-quarter to $3.66B.
Based on Saba Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.