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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
+1.08%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$3.84B
AUM Growth
-$1.4B
Cap. Flow
-$1.57B
Cap. Flow %
-40.79%
Top 10 Hldgs %
32.08%
Holding
807
New
42
Increased
98
Reduced
132
Closed
180

Top Buys

Rank Stock Value
1
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$56.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$42.4M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$33.3M
4
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$31.6M
5
FSCO
FS Credit Opportunities Corp
FSCO
+$31.3M

Top Sells

Rank Stock Value
1
GCTS
GCT Semiconductor Holding
GCTS
+$26.9M
2
BLEU
bleuacacia ltd Class A Ordinary Shares
BLEU
+$25.7M
3
NETC
Nabors Energy Transition Corp.
NETC
+$24.5M
4
HWKZ
Hawks Acquisition Corp
HWKZ
+$22.4M
5
BTM
Bitcoin Depot
BTM
+$22.2M

Sector Composition

Rank Sector Weight
1 Financials 13.74%
2 Technology 1.42%
3 Consumer Discretionary 1.02%
4 Industrials 0.9%
5 Energy 0.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FPL
151
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$5.39M 0.14%
896,025
+335,198
+60% +$1.99M
CXE
152
DELISTED
MFS High Income Municipal Trust
CXE
$5.36M 0.14%
1,540,206
+513,557
+50% +$1.8M
FCX icon
153
Freeport-McMoran
FCX
$90.2B
$5.35M 0.14%
133,675
+11,848
+10% +$452K
FINS
154
Angel Oak Financial Strategies Income Term Trust
FINS
$420M
$5.26M 0.14%
445,005
-192,000
-30% -$2.3M
BYNO
155
DELISTED
byNordic Acquisition Corporation Class A Common Stock
BYNO
$5.24M 0.14%
495,000
– –
BOCN
156
DELISTED
Blue Ocean Acquisition Corp Class A Ordinary Shares
BOCN
$5.16M 0.13%
488,211
-222,000
-31% -$2.33M
NBW
157
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$4.68M 0.12%
439,848
+117,489
+36% +$1.27M
NDP
158
DELISTED
TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP
$4.58M 0.12%
159,357
+3,150
+2% +$89.5K
TTP
159
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
$4.57M 0.12%
166,836
-6,455
-4% -$170K
APMI
160
DELISTED
AxonPrime Infrastructure Acquisition Corporation Class A Common Stock
APMI
$4.57M 0.12%
444,462
-3,538
-0.8% -$36.2K
NXG
161
NXG NextGen Infrastructure Income Fund
NXG
$326M
$4.54M 0.12%
117,967
– –
HYB
162
DELISTED
New America High Income Fund, Inc.
HYB
$4.46M 0.12%
670,545
+322,704
+93% +$2.13M
DECA
163
DELISTED
Denali Capital Acquisition Corp. Class A Ordinary Shares
DECA
$4.39M 0.11%
410,000
– –
MIY icon
164
BlackRock MuniYield Michigan Quality Fund
MIY
$353M
$4.31M 0.11%
389,776
+322,958
+483% +$3.56M
CLF icon
165
Cleveland-Cliffs
CLF
$6.49B
$4.28M 0.11%
+255,586
New +$4.05M
MHI
166
DELISTED
Pioneer Municipal High Income Fund
MHI
$4.26M 0.11%
499,764
+444,156
+799% +$3.82M
JSD
167
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$4.22M 0.11%
365,056
+101,380
+38% +$1.17M
GNT
168
GAMCO Natural Resources, Gold & Income Trust
GNT
$135M
$4.04M 0.11%
804,816
+163,751
+26% +$836K
MUJ icon
169
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$639M
$3.99M 0.1%
357,028
+147,007
+70% +$1.64M
GAQ
170
DELISTED
Generation Asia I Acquisition Limited Class A Ordinary Shares
GAQ
$3.93M 0.1%
373,322
– –
HES
171
DELISTED
Hess
HES
$3.88M 0.1%
+28,569
New +$3.91M
HMA
172
DELISTED
Heartland Media Acquisition Corp.
HMA
$3.79M 0.1%
359,656
– –
KKR icon
173
KKR & Co
KKR
$90.6B
$3.79M 0.1%
+67,638
New +$3.54M
MAV
174
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$3.78M 0.1%
478,259
+442,208
+1,227% +$3.51M
ALCE
175
DELISTED
Alternus Clean Energy Inc
ALCE
$3.72M 0.1%
14,207
-49,713
-78% -$12.9M
5 6
7
8 9

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Saba Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Saba Capital Management held 807 positions worth $3.84B, down 27% from $5.24B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Saba Capital Management withdrew a net $1.57B in Q2 2023, closing 180 positions and reducing 132 holdings. Its most notable exit was GCT Semiconductor Holding, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 32% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in FS Credit Opportunities Corp worth $33.6M.

  • Saba Capital Management's largest Q2 2023 buy was FS Credit Opportunities Corp: 7,069,959 shares worth $33.6M.
  • Saba Capital Management added most to BlackRock ESG Capital Allocation Term Trust in Q2 2023, an estimated $56.8M increase.
  • Saba Capital Management's biggest Q2 2023 reduction was Nabors Energy Transition Corp., cutting an estimated $24.5M.
  • Saba Capital Management fully exited GCT Semiconductor Holding in Q2 2023, selling an estimated $26.9M.
  • Saba Capital Management's ten largest holdings make up 32% of its $3.84B portfolio in Q2 2023.
  • Saba Capital Management opened 42 new positions and closed 180 in Q2 2023.
  • Saba Capital Management's portfolio value fell 27% quarter-over-quarter to $3.84B.

Based on Saba Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.