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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
TROX icon
201
Tronox
TROX
$932M
$592K 0.02%
142,067
-102,600
-42% -$391K
ARBE icon
202
Arbe Robotics
ARBE
$80.3M
$590K 0.02%
500,000
-500,000
-50% -$826K
BRR
203
ProCap Financial Inc
BRR
$154M
$558K 0.02%
+158,033
New +$1.26M
RDAGW
204
Republic Digital Acquisition Co Warrants
RDAGW
$551K 0.02%
949,999
– –
GRNT icon
205
Granite Ridge Resources
GRNT
$627M
$545K 0.02%
115,878
– –
SVAQU
206
Silicon Valley Acquisition Corp Units
SVAQU
$497K 0.01%
+50,000
New +$497K
AXP icon
207
American Express
AXP
$227B
$463K 0.01%
+1,252
New +$448K
RITM icon
208
Rithm Capital
RITM
$5.52B
$436K 0.01%
40,000
– –
PMTRW
209
Perimeter Acquisition Corp I Warrant
PMTRW
$10.8M
$427K 0.01%
554,845
– –
SKYA
210
SkyAI Inc
SKYA
$55.4M
$412K 0.01%
+202,752
New +$782K
BACQR
211
DELISTED
Inflection Point Acquisition Corp IV Right
BACQR
$409K 0.01%
539,815
-179,674
-25% -$147K
DYNCW
212
Dynamix Corp Warrant
DYNCW
$408K 0.01%
226,640
-25,643
-10% -$49.3K
ENGNW icon
213
enGene Therapeutics Warrants
ENGNW
$3.02M
$391K 0.01%
137,358
-40,976
-23% -$93.5K
FBYDW icon
214
Falcon's Beyond Global Warrants
FBYDW
$10.3M
$377K 0.01%
186,852
– –
PYPL icon
215
PayPal
PYPL
$48.9B
$375K 0.01%
6,415
-24,420
-79% -$1.59M
BZAIW
216
Blaize Holdings Warrants
BZAIW
$5.87M
$332K 0.01%
874,225
-115,653
-12% -$81.4K
RAAQW
217
DELISTED
Real Asset Acquisition Corp Warrants
RAAQW
$327K 0.01%
687,813
– –
AR icon
218
Antero Resources
AR
$11.1B
$324K 0.01%
9,400
-600
-6% -$20.3K
ABNB icon
219
Airbnb
ABNB
$89.9B
$321K 0.01%
2,365
-23,845
-91% -$2.97M
WENNW
220
Wen Acquisition Corp Warrant
WENNW
$305K 0.01%
981,614
– –
LZM.WS icon
221
Lifezone Metals Ltd Warrants
LZM.WS
$301K 0.01%
733,811
– –
BBWI icon
222
Bath & Body Works
BBWI
$4.06B
$256K 0.01%
+12,758
New +$282K
AIRJW
223
AirJoule Technologies Warrant
AIRJW
$247K 0.01%
275,647
– –
OPFI.WS
224
DELISTED
OppFi Inc Warrants
OPFI.WS
$235K 0.01%
153,564
– –
AMAT icon
225
Applied Materials
AMAT
$403B
$204K 0.01%
794
-22,154
-97% -$5.31M
7 8
9
10 11

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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.