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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
-0.1%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$3.37B
AUM Growth
-$292M
Cap. Flow
-$275M
Cap. Flow %
-8.16%
Top 10 Hldgs %
47.48%
Holding
415
New
86
Increased
59
Reduced
59
Closed
65

Top Buys

Rank Stock Value
1
BPRE
Bluerock Private Real Estate Fund
BPRE
+$47.4M
2
ASA
ASA Gold and Precious Metals
ASA
+$37.3M
3
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$19.2M
4
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$14.6M
5
RMT
Royce Micro-Cap Trust
RMT
+$12.5M

Top Sells

Rank Stock Value
1
EVM
Eaton Vance California Municipal Bond Fund
EVM
+$43.1M
2
ENX
Eaton Vance New York Municipal Bond Fund
ENX
+$38.4M
3
ADX icon
Adams Diversified Equity Fund
ADX
+$29.9M
4
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.5M
5
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$20.7M

Sector Composition

Rank Sector Weight
1 Financials 7.78%
2 Technology 2.83%
3 Communication Services 2.24%
4 Consumer Discretionary 2.07%
5 Industrials 1.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FUN icon
176
Cedar Fair
FUN
$1.77B
$1.53M 0.05%
+100,020
New +$1.81M
ALUB.U
177
Alussa Energy Acquisition Corp II Units
ALUB.U
$1.49M 0.04%
+147,288
New +$1.49M
MXE
178
Mexico Equity and Income Fund
MXE
$1.47M 0.04%
118,600
– –
MFM
179
Aberdeen Municipal Income Fund
MFM
$221M
$1.44M 0.04%
265,800
-653,110
-71% -$3.52M
NAKA
180
Nakamoto Inc
NAKA
$82.7M
$1.4M 0.04%
+99,613
New +$2.6M
CCXIU
181
Churchill Capital Corp XI Units
CCXIU
$427M
$1.35M 0.04%
+132,442
New +$1.35M
CPB icon
182
Campbell Soup
CPB
$6.55B
$1.34M 0.04%
+48,034
New +$1.44M
CYH icon
183
Community Health Systems
CYH
$393M
$1.25M 0.04%
400,808
-500,000
-56% -$1.68M
IGACU
184
Invest Green Acquisition Corp Units
IGACU
$1.23M 0.04%
+122,645
New +$1.23M
NBH
185
Neuberger Municipal Fund Inc
NBH
$301M
$1.11M 0.03%
110,116
-902,015
-89% -$9.26M
IONQ.WS
186
IonQ Inc Warrants
IONQ.WS
$6.07B
$1.08M 0.03%
32,248
– –
HOUS
187
DELISTED
Anywhere Real Estate
HOUS
$1.06M 0.03%
75,000
-234,691
-76% -$2.88M
CMPS
188
Compass Pathways
CMPS
$1.53B
$1.04M 0.03%
151,033
– –
BLRKU
189
Bluerock Acquisition Corp Unit
BLRKU
$1M 0.03%
+100,000
New +$1M
TWLVU
190
Twelve Seas Investment Company III Units
TWLVU
$995K 0.03%
+100,000
New +$997K
NMAI icon
191
Nuveen Multi-Asset Income Fund
NMAI
$468M
$982K 0.03%
75,279
-658,916
-90% -$8.59M
EMPD
192
Empery Digital
EMPD
$79.8M
$965K 0.03%
211,346
– –
RTAC
193
DELISTED
Renatus Tactical Acquisition Corp I
RTAC
$943K 0.03%
88,344
– –
VOYG
194
Voyager Technologies
VOYG
$1.45B
$941K 0.03%
35,984
-33,681
-48% -$914K
DPG
195
Duff & Phelps Utility and Infrastructure Fund
DPG
$521M
$906K 0.03%
+71,298
New +$925K
VFL
196
DELISTED
abrdn National Municipal Income Fund
VFL
$880K 0.03%
85,645
-44,878
-34% -$457K
KW
197
DELISTED
Kennedy-Wilson Holdings
KW
$832K 0.02%
+86,057
New +$771K
PYPL icon
198
PUT
PayPal
PYPL
$48.9B
$823K 0.02%
14,100
-75,700
-84% -$4.91M
CAG icon
199
Conagra Brands
CAG
$6.94B
$806K 0.02%
+46,568
New +$827K
AIRS icon
200
AirSculpt Technologies
AIRS
$339M
$620K 0.02%
+313,043
New +$1.9M
6 7
8
9 10

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Saba Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Saba Capital Management held 415 positions worth $3.37B, down 8% from $3.66B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Saba Capital Management withdrew a net $275M in Q4 2025, closing 65 positions and reducing 59 holdings. Its most notable exit was Eaton Vance California Municipal Bond Fund, an estimated $43.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, up from 4.4% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Saba Capital Management opened a new position in Bluerock Private Real Estate Fund worth $46.1M.

  • Saba Capital Management's largest Q4 2025 buy was Bluerock Private Real Estate Fund: 3,074,615 shares worth $46.1M.
  • Saba Capital Management added most to ASA Gold and Precious Metals in Q4 2025, an estimated $37.3M increase.
  • Saba Capital Management's biggest Q4 2025 reduction was BlackRock ESG Capital Allocation Term Trust, cutting an estimated $23.5M.
  • Saba Capital Management fully exited Eaton Vance California Municipal Bond Fund in Q4 2025, selling an estimated $43.1M.
  • Saba Capital Management's ten largest holdings make up 47% of its $3.37B portfolio in Q4 2025.
  • Saba Capital Management opened 86 new positions and closed 65 in Q4 2025.
  • Saba Capital Management's portfolio value fell 8% quarter-over-quarter to $3.37B.

Based on Saba Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.