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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
CLF icon
176
Cleveland-Cliffs
CLF
$6.57B
$529K 0.01%
23,268
-86,285
-79% -$1.71M
LZM.WS icon
177
Lifezone Metals Ltd Warrants
LZM.WS
$523K 0.01%
803,924
– –
OPTU
178
CALL
Optimum Communications Inc
OPTU
$298M
$522K 0.01%
200,000
-300,000
-60% -$755K
AIRJW
179
AirJoule Technologies Warrant
AIRJW
$509K 0.01%
904,445
-36,963
-4% -$10K
KF
180
Korea Fund
KF
$231M
$437K 0.01%
17,196
-16,016
-48% -$372K
HIPO icon
181
Hippo Holdings
HIPO
$830M
$357K 0.01%
19,528
– –
MTAL.WS
182
DELISTED
Metals Acquisition Limited Warrants to purchase one share of Ordinary Share, each at an exercise price of $11.50 per share
MTAL.WS
$352K 0.01%
166,012
-12,794
-7% -$26K
BZAIW
183
Blaize Holdings Warrants
BZAIW
$5.87M
$300K 0.01%
1,669,164
– –
GHIXW
184
DELISTED
Gores Holdings IX, Inc. Warrant
GHIXW
$299K 0.01%
854,745
– –
AR icon
185
Antero Resources
AR
$11.1B
$290K 0.01%
+10,000
New +$241K
M icon
186
Macy's
M
$6.53B
$279K ﹤0.01%
+13,936
New +$269K
GCTS.WS
187
GCT Semiconductor Holding Warrants
GCTS.WS
$15M
$270K ﹤0.01%
710,648
– –
IAE
188
Voya Asia Pacific High Dividend Equity Income Fund
IAE
$91.8M
$260K ﹤0.01%
41,146
– –
SCRMW
189
DELISTED
Screaming Eagle Acquisition Corp. Warrant
SCRMW
$250K ﹤0.01%
527,522
– –
UNFI icon
190
United Natural Foods
UNFI
$3.08B
$231K ﹤0.01%
20,098
-28,902
-59% -$420K
NVACR
191
DELISTED
NorthView Acquisition Corporation Rights
NVACR
$206K ﹤0.01%
1,179,462
– –
BWAQR
192
DELISTED
Blue World Acquisition Corporation Right
BWAQR
$188K ﹤0.01%
649,856
– –
BLEUR
193
DELISTED
bleuacacia ltd Rights
BLEUR
$182K ﹤0.01%
2,475,000
– –
FUFUW icon
194
BitFuFu Inc Warrant
FUFUW
$861K
$179K ﹤0.01%
+475,000
New +$180K
BTMWW
195
DELISTED
Bitcoin Depot Inc Warrant
BTMWW
$177K ﹤0.01%
1,863,557
-21,141
-1% -$2.42K
FBYDW icon
196
Falcon's Beyond Global Warrants
FBYDW
$10.3M
$175K ﹤0.01%
229,814
– –
PNST.WS
197
DELISTED
Pinstripes Holdings, Inc. Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
PNST.WS
$175K ﹤0.01%
705,310
– –
CSLMR
198
DELISTED
CSLM Acquisition Corp. Right
CSLMR
$169K ﹤0.01%
949,800
-100,000
-10% -$15K
BRACR
199
DELISTED
Broad Capital Acquisition Corp Rights
BRACR
$168K ﹤0.01%
800,000
– –
RWODR
200
DELISTED
Redwoods Acquisition Corp. Rights
RWODR
$154K ﹤0.01%
694,779
– –
6 7
8
9 10

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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.