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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 | |
|---|---|---|---|---|---|---|
|
BNC
101
CEA Industries
BNC
$110M
| $5.33M | 0.15% |
+683,174
| New | +$11.6M |
|
|
BDCIU
102
BTC Development Corp Unit
BDCIU
$232M
| $5.3M | 0.15% |
+525,000
| New | +$5.3M |
|
|
HPP
103
Hudson Pacific Properties
HPP
$747M
| $5.18M | 0.14% |
268,048
-9,165
| -3% | -$173K |
|
|
CAEP
104
DELISTED
Cantor Equity Partners III
CAEP
| $5.16M | 0.14% |
500,000
| – | – |
|
105
Vertex
VERX
$2.09B
| $5.04M | 0.14% |
203,474
+78,398
| +63% | +$2.27M |
|
|
MFM
106
Aberdeen Municipal Income Fund
MFM
$221M
| $4.95M | 0.14% |
918,910
-122,717
| -12% | -$636K |
|
107
Shopify
SHOP
$152B
| $4.79M | 0.13% |
+32,224
| New | +$4.37M |
|
108
Applied Materials
AMAT
$403B
| $4.7M | 0.13% |
22,948
-39,473
| -63% | -$7.16M |
|
|
CAF
109
Morgan Stanley China A Share Fund
CAF
$322M
| $4.58M | 0.13% |
275,011
+121,184
| +79% | +$1.8M |
|
110
Murphy Oil
MUR
$5.7B
| $4.55M | 0.12% |
160,298
-45,842
| -22% | -$1.16M |
|
|
JEQ
111
DELISTED
abrdn Japan Equity Fund
JEQ
| $4.35M | 0.12% |
551,552
-964,917
| -64% | -$7.65M |
|
|
CEPF
112
Cantor Equity Partners IV
CEPF
$595M
| $4.14M | 0.11% |
+406,500
| New | +$4.13M |
|
|
FMN
113
Federated Hermes Premier Municipal Income Fund
FMN
$86.8M
| $4.14M | 0.11% |
374,908
| – | – |
|
114
Embecta
EMBC
$216M
| $4.12M | 0.11% |
292,209
-87,000
| -23% | -$1.1M |
|
115
AES
AES
$10.5B
| $4.1M | 0.11% |
311,582
-58,000
| -16% | -$753K |
|
|
GLQ
116
Clough Global Equity Fund
GLQ
$152M
| $4.07M | 0.11% |
535,253
| – | – |
|
|
NML
117
Neuberger Energy Infrastructure and Income Fund Inc
NML
$593M
| $4.05M | 0.11% |
464,003
-583,475
| -56% | -$5.05M |
|
|
NXJ
118
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
| $3.97M | 0.11% |
319,759
-1,981,005
| -86% | -$22.9M |
|
|
GLV
119
Clough Global Dividend & Income Fund
GLV
$78.1M
| $3.74M | 0.1% |
628,316
+24,209
| +4% | +$139K |
|
120
Unisys
UIS
$209M
| $3.65M | 0.1% |
935,855
+151,558
| +19% | +$615K |
|
|
CEV
121
Eaton Vance California Municipal Income Trust
CEV
$70.7M
| $3.56M | 0.1% |
352,693
-198,368
| -36% | -$1.91M |
|
122
PUT
Ford
F
$58.5B
| $3.5M | 0.1% |
292,800
-2,350,000
| -89% | -$27.1M |
|
123
The RealReal
REAL
$1.46B
| $3.49M | 0.1% |
327,967
-165,971
| -34% | -$1.23M |
|
|
TONX
124
TON Strategy Co
TONX
$168M
| $3.44M | 0.09% |
+488,263
| New | +$5.7M |
|
125
Winnebago Industries
WGO
$856M
| $3.41M | 0.09% |
101,884
| – | – |
|
Similar funds
ACM
GCM
VI
SL
U
SPC
OCM
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.