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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
+3.86%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$5.24B
AUM Growth
-$2.15B
Cap. Flow
-$2.37B
Cap. Flow %
-45.31%
Top 10 Hldgs %
21.94%
Holding
1,000
New
76
Increased
83
Reduced
101
Closed
236

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$52.7M
2
ADX icon
Adams Diversified Equity Fund
ADX
+$44.1M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$42.2M
4
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$32.3M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$25.2M

Top Sells

Rank Stock Value
1
HERA
FTAC Hera Acquisition Corp. Class A Ordinary Shares
HERA
+$45.5M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$40.6M
3
BCSA
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
+$36.4M
4
FSNB
Fusion Acquisition Corp. II
FSNB
+$34.8M
5
PTOC
Pine Technology Acquisition Corp. Class A Common Stock
PTOC
+$34M

Sector Composition

Rank Sector Weight
1 Financials 32.07%
2 Industrials 3.09%
3 Technology 2.81%
4 Consumer Discretionary 1.8%
5 Healthcare 1.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPCM
101
DELISTED
Sound Point Acquisition Corp I, Ltd Class A Ordinary Share
SPCM
$15.8M 0.3%
1,501,100
– –
NFNT
102
DELISTED
Infinite Acquisition Corp.
NFNT
$15.3M 0.29%
1,464,663
-208,222
-12% -$2.15M
ENER
103
DELISTED
Accretion Acquisition Corp
ENER
$15M 0.29%
1,457,975
– –
DNAB
104
DELISTED
Social Capital Suvretta Holdings Corp. II Class A Ordinary Shares
DNAB
$14.9M 0.28%
1,458,796
– –
TGAA
105
DELISTED
Target Global Acquisition I Corp. Class A Ordinary Share
TGAA
$14.9M 0.28%
1,420,200
– –
FWAC
106
DELISTED
Fifth Wall Acquisition Corp. III Class A Ordinary Shares
FWAC
$14.8M 0.28%
1,451,258
– –
GOGN
107
DELISTED
GoGreen Investments Corporation
GOGN
$14.7M 0.28%
1,397,399
-630,478
-31% -$6.6M
AVAC
108
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
$14.6M 0.28%
1,400,416
– –
HPLT
109
DELISTED
Home Plate Acquisition Corporation Class A Common Stock
HPLT
$14.6M 0.28%
1,424,294
– –
IVCA
110
DELISTED
Investcorp India Acquisition Corp
IVCA
$14.6M 0.28%
1,387,278
-62,722
-4% -$655K
PORT
111
DELISTED
Southport Acquisition Corporation
PORT
$14.2M 0.27%
1,362,913
– –
LFAC
112
DELISTED
LF Capital Acquisition Corp. II Class A Common Stock
LFAC
$14M 0.27%
1,333,282
-1,359,133
-50% -$14.1M
ESTE
113
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
$14M 0.27%
1,075,600
– –
MUC icon
114
BlackRock MuniHoldings California Quality Fund
MUC
$996M
$14M 0.27%
1,263,836
+455,016
+56% +$5.04M
ADAL
115
DELISTED
Anthemis Digital Acquisitions I Corp Class A Ordinary Shares
ADAL
$13.9M 0.27%
1,334,275
– –
KVSC
116
DELISTED
Khosla Ventures Acquisition Co. III Class A Common Stock
KVSC
$13.9M 0.27%
1,370,000
– –
FNVT
117
DELISTED
Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
$13.7M 0.26%
1,315,272
– –
JWAC
118
DELISTED
Jupiter Wellness Acquisition Corp. Class A Common Stock
JWAC
$13.7M 0.26%
1,299,942
– –
AIRJ
119
Montana Technologies Corp
AIRJ
$306M
$13.7M 0.26%
1,332,816
– –
BRIV
120
DELISTED
B. Riley Principal 250 Merger Corp. Class A common stock
BRIV
$13.5M 0.26%
1,328,242
– –
RCAC
121
DELISTED
Revelstone Capital Acquisition Corp. Class A Common Stock
RCAC
$13.4M 0.26%
1,306,836
– –
CMCA
122
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
$13.4M 0.26%
1,291,579
-733,081
-36% -$7.6M
ADP icon
123
PUT
Automatic Data Processing
ADP
$106B
$13.4M 0.25%
60,000
– –
FCX icon
124
PUT
Freeport-McMoran
FCX
$90B
$13.3M 0.25%
+325,000
New +$13.5M
MNTN
125
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$13.3M 0.25%
1,270,480
– –
3 4
5
6 7

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GCM
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VI
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Saba Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Saba Capital Management held 1,000 positions worth $5.24B, down 29% from $7.39B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Saba Capital Management withdrew a net $2.37B in Q1 2023, closing 236 positions and reducing 101 holdings. Its most notable exit was FTAC Hera Acquisition Corp. Class A Ordinary Shares, an estimated $45.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 44% a quarter earlier, followed by Industrials and Technology.

Against the trend, Saba Capital Management opened a new position in Adams Diversified Equity Fund worth $45M.

  • Saba Capital Management's largest Q1 2023 buy was Adams Diversified Equity Fund: 2,895,323 shares worth $45M.
  • Saba Capital Management added most to BlackRock Technology and Private Equity Term Trust in Q1 2023, an estimated $52.7M increase.
  • Saba Capital Management's biggest Q1 2023 reduction was Ares Acquisition Corporation, cutting an estimated $27.3M.
  • Saba Capital Management fully exited FTAC Hera Acquisition Corp. Class A Ordinary Shares in Q1 2023, selling an estimated $45.5M.
  • Saba Capital Management's ten largest holdings make up 22% of its $5.24B portfolio in Q1 2023.
  • Saba Capital Management opened 76 new positions and closed 236 in Q1 2023.
  • Saba Capital Management's portfolio value fell 29% quarter-over-quarter to $5.24B.

Based on Saba Capital Management's 13F filing for Q1 2023, filed 15 May 2023.