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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
-3.79%
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
VISN
101
Vistance Networks Inc
VISN
$2.65B
$2.97M 0.07%
570,418
+95,000
+20% +$532K
FGB
102
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
$2.94M 0.07%
699,009
-48,931
-7% -$205K
ABUS icon
103
Arbutus Biopharma
ABUS
$857M
$2.9M 0.07%
887,993
+211,566
+31% +$778K
REAL icon
104
The RealReal
REAL
$1.46B
$2.73M 0.06%
+250,008
New +$1.33M
MMU
105
Western Asset Managed Municipals Fund
MMU
$548M
$2.66M 0.06%
260,609
-1,120,616
-81% -$11.8M
BRW
106
Saba Capital Income & Opportunities Fund
BRW
$336M
$2.54M 0.06%
333,902
-381,520
-53% -$2.9M
UBER icon
107
Uber
UBER
$143B
$2.45M 0.06%
40,638
+638
+2% +$45.6K
SWZ
108
Swiss Helvetia Fund
SWZ
$76.5M
$2.44M 0.06%
325,779
+64,597
+25% +$524K
PDD icon
109
Pinduoduo
PDD
$126B
$2.42M 0.06%
25,000
-3,000
-11% -$349K
PSNY icon
110
Polestar Automotive Holding UK
PSNY
$2.09B
$2.36M 0.06%
74,987
– –
HEQ
111
John Hancock Hedged Equity & Income Fund
HEQ
$137M
$2.16M 0.05%
212,009
– –
GEO icon
112
The GEO Group
GEO
$4.13B
$2.14M 0.05%
76,414
-297,897
-80% -$6.61M
VTN icon
113
Invesco Trust for Investment Grade New York Municipals
VTN
$159M
$2.1M 0.05%
200,901
-2,556,757
-93% -$28.7M
MD icon
114
Pediatrix Medical
MD
$2.18B
$1.94M 0.05%
147,590
-32,108
-18% -$443K
MVT
115
DELISTED
BlackRock MuniVest Fund II
MVT
$1.9M 0.04%
180,033
-92,721
-34% -$1.02M
HOUS
116
DELISTED
Anywhere Real Estate
HOUS
$1.85M 0.04%
561,977
+134,691
+32% +$577K
CODI icon
117
Compass Diversified
CODI
$758M
$1.81M 0.04%
78,471
-23,820
-23% -$535K
PNI
118
PIMCO New York Municipal Income Fund II
PNI
$76.2M
$1.77M 0.04%
246,868
+160,205
+185% +$1.2M
VFL
119
DELISTED
abrdn National Municipal Income Fund
VFL
$1.76M 0.04%
174,177
-13,647
-7% -$146K
KYN icon
120
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
$1.76M 0.04%
138,370
-850,986
-86% -$10.5M
DAL icon
121
Delta Air Lines
DAL
$57.5B
$1.73M 0.04%
28,598
-6,018
-17% -$355K
AGD
122
abrdn Global Dynamic Dividend Fund
AGD
$318M
$1.68M 0.04%
170,973
-1,129,359
-87% -$11.6M
GM icon
123
General Motors
GM
$80.4B
$1.52M 0.04%
28,600
– –
CPRI icon
124
Capri Holdings
CPRI
$1.83B
$1.45M 0.03%
+68,805
New +$1.87M
SABR icon
125
Sabre
SABR
$731M
$1.39M 0.03%
381,582
-6,944
-2% -$25.5K
3 4
5
6 7

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GCM
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VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
SL
Siren LLC Greenwich, Connecticut $3.61B AUM 203.3% 1-Year Est. Return
U
Uber San Francisco, California $3.6B AUM 19.81% 1-Year Est. Return
SPC
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OCM
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AA
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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.