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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
BRW
101
Saba Capital Income & Opportunities Fund
BRW
$336M
$5.43M 0.11%
715,422
-633,197
-47% -$4.62M
BILL icon
102
PUT
BILL Holdings
BILL
$4.49B
$5.28M 0.11%
+100,000
New +$5.15M
MFM
103
Aberdeen Municipal Income Fund
MFM
$221M
$5.25M 0.11%
918,314
-126,675
-12% -$702K
PGZ
104
Principal Real Estate Income Fund
PGZ
$68.4M
$5.02M 0.1%
449,507
-118,501
-21% -$1.27M
GEO icon
105
The GEO Group
GEO
$4.13B
$4.81M 0.1%
374,311
-25,827
-6% -$360K
MUE
106
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$4.77M 0.1%
446,088
-234,469
-34% -$2.45M
IHD
107
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$130M
$4.56M 0.1%
799,369
+84,363
+12% +$453K
DIAX
108
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
$4.33M 0.09%
291,702
+193,186
+196% +$2.77M
JEQ
109
DELISTED
abrdn Japan Equity Fund
JEQ
$4.25M 0.09%
680,687
+586,966
+626% +$3.53M
ZTR
110
Virtus Total Return Fund
ZTR
$340M
$4.25M 0.09%
+684,978
New +$3.98M
BCV
111
Bancroft Fund
BCV
$133M
$4.24M 0.09%
253,115
+135,998
+116% +$2.2M
QVCGA
112
DELISTED
QVC Group Inc Series A
QVCGA
$4.18M 0.09%
137,020
+15,849
+13% +$503K
HPP
113
Hudson Pacific Properties
HPP
$747M
$4.17M 0.09%
124,674
+28,533
+30% +$1.03M
BYND icon
114
PUT
Beyond Meat
BYND
$292M
$4.15M 0.09%
611,500
+10,000
+2% +$63.3K
NAVI icon
115
Navient
NAVI
$789M
$4.14M 0.09%
265,740
– –
TPZ
116
Tortoise Electrification Infrastructure ETF
TPZ
$127M
$4.12M 0.09%
227,726
– –
PSNY icon
117
Polestar Automotive Holding UK
PSNY
$2.09B
$3.87M 0.08%
74,987
– –
GLV
118
Clough Global Dividend & Income Fund
GLV
$78.1M
$3.79M 0.08%
643,370
+463,255
+257% +$2.67M
PDD icon
119
Pinduoduo
PDD
$126B
$3.77M 0.08%
28,000
+10,000
+56% +$1.23M
IDE
120
Voya Infrastructure, Industrials and Materials Fund
IDE
$199M
$3.14M 0.07%
276,684
-766,019
-73% -$8.1M
GLQ
121
Clough Global Equity Fund
GLQ
$152M
$3.13M 0.07%
451,157
+294,666
+188% +$2.01M
MVT
122
DELISTED
BlackRock MuniVest Fund II
MVT
$3.11M 0.06%
272,754
-182,647
-40% -$2.04M
ERH
123
Allspring Utilities & High Income Fund
ERH
$105M
$3.07M 0.06%
274,721
+16,975
+7% +$177K
VERX icon
124
Vertex
VERX
$2.09B
$3.05M 0.06%
79,090
– –
FGB
125
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
$3.04M 0.06%
747,940
-360,433
-33% -$1.43M
3 4
5
6 7

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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.