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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
SBI
101
Western Asset Intermediate Muni Fund
SBI
$107M
$7.97M 0.14%
1,006,586
-69,820
-6% -$548K
CXE
102
DELISTED
MFS High Income Municipal Trust
CXE
$7.87M 0.13%
2,167,021
+65,070
+3% +$233K
MUE
103
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$6.77M 0.12%
665,166
+115,567
+21% +$1.16M
AGD
104
abrdn Global Dynamic Dividend Fund
AGD
$318M
$6.67M 0.11%
687,036
+98,527
+17% +$927K
NMT icon
105
Nuveen Massachusetts Quality Municipal Income Fund
NMT
$130M
$6.66M 0.11%
609,628
+129,874
+27% +$1.38M
PAGS icon
106
PagSeguro Digital
PAGS
$2.69B
$6.55M 0.11%
458,715
-107,599
-19% -$1.42M
FEN
107
DELISTED
First Trust Energy Income and Growth Fund
FEN
$6.32M 0.11%
386,478
– –
ANF icon
108
PUT
Abercrombie & Fitch
ANF
$4.42B
$6.27M 0.11%
50,000
-276,300
-85% -$31.5M
NAZ icon
109
Nuveen Arizona Quality Municipal Income Fund
NAZ
$155M
$6.12M 0.1%
557,153
+81,525
+17% +$886K
AOD
110
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$6.08M 0.1%
733,679
+689,564
+1,563% +$5.57M
PGZ
111
Principal Real Estate Income Fund
PGZ
$68.4M
$5.87M 0.1%
568,008
– –
TTP
112
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
$5.6M 0.1%
177,249
+24,828
+16% +$729K
NDP
113
DELISTED
TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP
$5.47M 0.09%
162,118
+28,122
+21% +$849K
ECF
114
Ellsworth Growth & Income Fund
ECF
$166M
$5.38M 0.09%
662,416
+27,107
+4% +$217K
BYND icon
115
PUT
Beyond Meat
BYND
$292M
$5.2M 0.09%
627,600
-130,000
-17% -$1,000K
FSCO
116
FS Credit Opportunities Corp
FSCO
$1B
$5.19M 0.09%
874,470
-3,019,703
-78% -$17.4M
IQI icon
117
Invesco Quality Municipal Securities
IQI
$522M
$4.99M 0.09%
+515,634
New +$4.93M
GEO icon
118
The GEO Group
GEO
$4.13B
$4.94M 0.08%
350,138
-50,000
-12% -$596K
DHF
119
BNY Mellon High Yield Strategies Fund
DHF
$171M
$4.94M 0.08%
2,040,477
-1,456,724
-42% -$3.41M
BABA icon
120
Alibaba
BABA
$293B
$4.69M 0.08%
64,875
-146,980
-69% -$10.8M
NAVI icon
121
Navient
NAVI
$789M
$4.62M 0.08%
265,740
– –
MVT
122
DELISTED
BlackRock MuniVest Fund II
MVT
$4.53M 0.08%
415,377
-57,612
-12% -$622K
MFM
123
Aberdeen Municipal Income Fund
MFM
$221M
$4.26M 0.07%
793,717
-724,439
-48% -$3.81M
MODV
124
DELISTED
ModivCare
MODV
$4.07M 0.07%
+173,540
New +$6.36M
IGD
125
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$517M
$4.05M 0.07%
764,138
-385,783
-34% -$1.97M
3 4
5
6 7

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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.