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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
+8.05%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.97B
AUM Growth
+$805M
Cap. Flow
+$407M
Cap. Flow %
8.19%
Top 10 Hldgs %
36.32%
Holding
612
New
38
Increased
118
Reduced
49
Closed
118

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$144M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$133M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$118M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$50M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$48.9M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$89M
2
KMF
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
+$32.7M
3
FSCO
FS Credit Opportunities Corp
FSCO
+$22.5M
4
CEN
Center Coast Brookfield MLP & Energy Infrastructure Fund
CEN
+$15.1M
5
F icon
Ford
F
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 3.71%
2 Consumer Discretionary 0.93%
3 Industrials 0.4%
4 Technology 0.39%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HES
176
DELISTED
Hess
HES
$2.76M 0.06%
19,145
+4,531
+31% +$664K
FLC
177
Flaherty & Crumrine Total Return Fund
FLC
$174M
$2.75M 0.06%
189,130
+144,197
+321% +$1.99M
OSRH
178
OSR Health
OSRH
$15.7M
$2.63M 0.05%
250,000
– –
IRRX
179
DELISTED
Integrated Rail and Resources Acquisition Corp.
IRRX
$2.61M 0.05%
238,251
– –
UIS icon
180
Unisys
UIS
$209M
$2.59M 0.05%
461,094
– –
IVCA
181
DELISTED
Investcorp India Acquisition Corp
IVCA
$2.59M 0.05%
235,620
– –
BGX
182
Blackstone Long-Short Credit Income Fund
BGX
$136M
$2.5M 0.05%
218,626
-365,286
-63% -$4.17M
IHD
183
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$130M
$2.42M 0.05%
457,549
+85,999
+23% +$419K
PLMJ
184
DELISTED
Plum Acquisition Corp. III Class A Ordinary Shares
PLMJ
$2.41M 0.05%
225,026
– –
SZZL
185
DELISTED
Sizzle Acquisition Corp. Common stock
SZZL
$2.4M 0.05%
218,390
– –
ISRL
186
DELISTED
Israel Acquisitions Corp
ISRL
$2.39M 0.05%
222,500
– –
VFL
187
DELISTED
abrdn National Municipal Income Fund
VFL
$2.35M 0.05%
230,266
+60,663
+36% +$549K
JWN
188
DELISTED
Nordstrom
JWN
$2.33M 0.05%
+126,322
New +$1.94M
SLAM
189
DELISTED
Slam Corp. Class A Ordinary Share
SLAM
$2.3M 0.05%
211,991
– –
QDRO
190
DELISTED
Quadro Acquisition One Corp. Class A Ordinary Shares
QDRO
$2.25M 0.05%
207,835
-4,294
-2% -$46.6K
CLF icon
191
Cleveland-Cliffs
CLF
$6.57B
$2.24M 0.05%
109,553
-216,794
-66% -$3.71M
MYD
192
DELISTED
BlackRock MuniYield Fund
MYD
$2.21M 0.04%
+204,713
New +$2.01M
SBC
193
SBC Medical Group
SBC
$314M
$2.15M 0.04%
200,000
– –
MFD
194
DELISTED
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
$2.14M 0.04%
271,905
+221,937
+444% +$1.62M
HOVR icon
195
New Horizon Aircraft
HOVR
$115M
$2.12M 0.04%
199,659
– –
GM icon
196
General Motors
GM
$80.4B
$2.07M 0.04%
57,600
– –
DAL icon
197
Delta Air Lines
DAL
$57.5B
$1.95M 0.04%
48,470
-4,244
-8% -$154K
PHYT
198
DELISTED
Pyrophyte Acquisition Corp.
PHYT
$1.93M 0.04%
174,825
– –
TEVA icon
199
Teva Pharmaceuticals
TEVA
$40.8B
$1.88M 0.04%
179,663
-9,340
-5% -$87.2K
MARX
200
DELISTED
Mars Acquisition Corp. Ordinary Shares
MARX
$1.86M 0.04%
175,000
– –
6 7
8
9 10

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Saba Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Saba Capital Management held 612 positions worth $4.97B, up 19% from $4.17B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Saba Capital Management deployed $407M of net new capital in Q4 2023, opening 38 new positions and adding to 118 existing holdings. Its largest new stake was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.

By sector, the portfolio is most concentrated in Financials at 3.7% of assets, down from 5.9% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund II, an estimated $89M trimmed.

  • Saba Capital Management's largest Q4 2023 buy was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.
  • Saba Capital Management added most to BlackRock Technology and Private Equity Term Trust in Q4 2023, an estimated $144M increase.
  • Saba Capital Management's biggest Q4 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $89M.
  • Saba Capital Management fully exited Kayne Anderson NextGen Energy & Infrastructure, Inc. in Q4 2023, selling an estimated $32.7M.
  • Saba Capital Management's ten largest holdings make up 36% of its $4.97B portfolio in Q4 2023.
  • Saba Capital Management opened 38 new positions and closed 118 in Q4 2023.
  • Saba Capital Management's portfolio value rose 19% quarter-over-quarter to $4.97B.

Based on Saba Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.