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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
MU icon
126
PUT
Micron Technology
MU
$929B
$13.3M 0.25%
+220,000
New +$12.9M
AIF
127
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$13.2M 0.25%
1,085,146
+74,038
+7% +$928K
FIF
128
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
$13.1M 0.25%
916,917
+443,635
+94% +$6.49M
HCNE
129
DELISTED
Jaws Hurricane Acquisition Corp. Class A Common Stock
HCNE
$13.1M 0.25%
1,292,603
– –
JGGC
130
DELISTED
Jaguar Global Growth Corporation I Class A Ordinary Shares
JGGC
$13.1M 0.25%
1,261,011
– –
DTI icon
131
Drilling Tools International
DTI
$82.2M
$13M 0.25%
1,240,197
– –
CNDA
132
DELISTED
Concord Acquisition Corp II
CNDA
$12.9M 0.25%
1,268,693
– –
BACA
133
DELISTED
Berenson Acquisition Corp. I
BACA
$12.8M 0.24%
1,255,068
– –
DALS
134
DELISTED
DA32 Life Science Tech Acquisition Corp. Class A Common Stock
DALS
$12.7M 0.24%
1,258,277
– –
PSQH icon
135
PSQ Holdings
PSQH
$14.6M
$12.4M 0.24%
81,781
– –
JQC icon
136
Nuveen Credit Strategies Income Fund
JQC
$708M
$12.4M 0.24%
2,424,285
-162,551
-6% -$853K
KCGI
137
DELISTED
Kensington Capital Acquisition Corp. V
KCGI
$12.3M 0.23%
1,181,016
– –
SOAR icon
138
Volato Group
SOAR
$7.65M
$12.3M 0.23%
47,176
– –
DPCS
139
DELISTED
DP Cap Acquisition Corp I Class A Ordinary Shares
DPCS
$12.3M 0.23%
1,175,348
– –
XFIN
140
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$12.2M 0.23%
1,171,146
– –
TYG
141
Tortoise Energy Infrastructure Corp
TYG
$1.08B
$12.1M 0.23%
412,492
+60,066
+17% +$1.89M
UTAA
142
DELISTED
UTA Acquisition Corporation Class A Ordinary Shares
UTAA
$12.1M 0.23%
1,157,544
-50,000
-4% -$516K
AAL icon
143
American Airlines Group
AAL
$10.6B
$11.9M 0.23%
810,000
+60,000
+8% +$935K
CSLM
144
DELISTED
CSLM Acquisition Corp. Class A Ordinary Share
CSLM
$11.9M 0.23%
1,151,079
– –
SVNA
145
DELISTED
7 Acquisition Corp
SVNA
$11.9M 0.23%
1,137,657
– –
HCVI
146
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$11.8M 0.22%
1,164,929
– –
ASCB
147
DELISTED
A SPAC II Acquisition Corp. Ordinary Shares
ASCB
$11.6M 0.22%
1,120,029
– –
TEAF
148
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$11.6M 0.22%
894,606
-7,290
-0.8% -$95K
MTVC
149
DELISTED
Motive Capital Corp II
MTVC
$11.6M 0.22%
1,109,485
– –
MIO
150
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$11.4M 0.22%
1,045,386
+111,004
+12% +$1.23M
4 5
6
7 8

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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.