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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
+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
AAL icon
126
American Airlines Group
AAL
$10.8B
$3.73M 0.06%
243,046
-40,000
-14% -$580K
TPZ
127
Tortoise Electrification Infrastructure ETF
TPZ
$127M
$3.55M 0.06%
227,710
-18,545
-8% -$269K
PSNY icon
128
Polestar Automotive Holding UK
PSNY
$2.11B
$3.46M 0.06%
74,987
+9,181
+14% +$497K
MFD
129
DELISTED
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
$3.46M 0.06%
451,010
+179,105
+66% +$1.36M
SABR icon
130
Sabre
SABR
$799M
$3.39M 0.06%
1,400,437
+1,222,367
+686% +$4.1M
UIS icon
131
Unisys
UIS
$222M
$3.1M 0.05%
631,698
+170,604
+37% +$1.04M
CMU
132
DELISTED
MFS High Yield Municipal Trust
CMU
$2.96M 0.05%
888,143
-452,508
-34% -$1.49M
CXH
133
DELISTED
MFS Investment Grade Municipal Trust
CXH
$2.95M 0.05%
387,707
-138,025
-26% -$1.04M
GLO
134
Clough Global Opportunities Fund
GLO
$249M
$2.88M 0.05%
566,341
+503,948
+808% +$2.46M
IHD
135
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$129M
$2.68M 0.05%
508,621
+51,072
+11% +$263K
JWN
136
DELISTED
Nordstrom
JWN
$2.67M 0.05%
131,722
+5,400
+4% +$102K
HA
137
DELISTED
Hawaiian Holdings, Inc.
HA
$2.61M 0.04%
+196,168
New +$2.73M
CYH icon
138
Community Health Systems
CYH
$406M
$2.55M 0.04%
+727,647
New +$2.46M
FGB
139
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
$2.4M 0.04%
637,745
+442,927
+227% +$1.6M
VFL
140
DELISTED
abrdn National Municipal Income Fund
VFL
$2.39M 0.04%
230,266
– –
MHD icon
141
BlackRock MuniHoldings Fund
MHD
$601M
$2.33M 0.04%
193,210
-426,306
-69% -$5.09M
DPG
142
Duff & Phelps Utility and Infrastructure Fund
DPG
$522M
$2.26M 0.04%
236,733
-307,624
-57% -$2.82M
DMB
143
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$196M
$2.24M 0.04%
+215,877
New +$2.22M
GUG
144
Guggenheim Active Allocation Fund
GUG
$512M
$1.99M 0.03%
135,269
-1,042,993
-89% -$15.2M
VISN
145
Vistance Networks Inc
VISN
$2.64B
$1.97M 0.03%
+1,504,832
New +$2.96M
UNFI icon
146
PUT
United Natural Foods
UNFI
$3.08B
$1.93M 0.03%
167,700
-786,300
-82% -$11.4M
TEVA icon
147
Teva Pharmaceuticals
TEVA
$40.3B
$1.85M 0.03%
131,005
-48,658
-27% -$613K
DAL icon
148
Delta Air Lines
DAL
$60.1B
$1.82M 0.03%
37,959
-10,511
-22% -$435K
PCK
149
DELISTED
Pimco California Municipal Income Fund II
PCK
$1.8M 0.03%
+311,158
New +$1.8M
ZTR
150
Virtus Total Return Fund
ZTR
$338M
$1.71M 0.03%
306,966
-653,184
-68% -$3.5M
4 5
6
7 8

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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.