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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
ECAT icon
1
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.5B
$208M 5.4%
13,257,788
+3,671,924
+38% +$56.8M
UAL icon
2
PUT
United Airlines
UAL
$39.6B
$165M 4.3%
3,007,300
+1,445,300
+93% +$68.2M
SABA
3
Saba Capital Income & Opportunities Fund II
SABA
$223M
$160M 4.16%
19,298,907
– –
BTX
4
BlackRock Technology and Private Equity Term Trust
BTX
$940M
$138M 3.6%
17,607,373
+4,177,120
+31% +$31.6M
BCAT icon
5
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$133M 3.47%
8,751,461
+2,824,220
+48% +$42.4M
BMEZ icon
6
BlackRock Health Sciences Trust II
BMEZ
$974M
$107M 2.79%
6,520,570
+2,043,886
+46% +$33.3M
TDG icon
7
PUT
TransDigm Group
TDG
$69.8B
$99.3M 2.58%
111,000
-140,600
-56% -$111M
PDX
8
PIMCO Dynamic Income Strategy Fund
PDX
$956M
$80.3M 2.09%
5,093,660
+668,734
+15% +$9.92M
ADX icon
9
Adams Diversified Equity Fund
ADX
$3.1B
$73.9M 1.92%
4,396,905
+1,501,582
+52% +$23.9M
EMO
10
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.03B
$67.7M 1.76%
2,265,590
+192,597
+9% +$5.46M
AAL icon
11
PUT
American Airlines Group
AAL
$10.1B
$55.8M 1.45%
3,107,800
-4,853,100
-61% -$71.2M
MEGI
12
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$799M
$52.7M 1.37%
3,848,077
+828,574
+27% +$11.7M
CHTR icon
13
PUT
Charter Communications
CHTR
$16.8B
$50.4M 1.31%
137,300
-30,400
-18% -$10.4M
BFZ
14
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$49.9M 1.3%
4,203,612
+677,290
+19% +$7.97M
CEM
15
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
$49.6M 1.29%
1,431,463
+232,086
+19% +$7.64M
AMD icon
16
PUT
Advanced Micro Devices
AMD
$804B
$45.6M 1.19%
400,000
– –
NAC icon
17
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
$45M 1.17%
4,120,117
+1,861,203
+82% +$20.1M
NBXG
18
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.16B
$43.2M 1.12%
3,956,882
+16,403
+0.4% +$166K
GT icon
19
PUT
Goodyear
GT
$1.99B
$39.3M 1.02%
2,873,600
-468,500
-14% -$5.85M
NML
20
Neuberger Energy Infrastructure and Income Fund Inc
NML
$585M
$37.6M 0.98%
5,463,481
-50,012
-0.9% -$325K
NMAI icon
21
Nuveen Multi-Asset Income Fund
NMAI
$464M
$36.4M 0.95%
3,125,739
+622,396
+25% +$7.21M
PFSI icon
22
PUT
PennyMac Financial
PFSI
$3.89B
$36.4M 0.95%
517,800
-688,000
-57% -$43.6M
FSCO
23
FS Credit Opportunities Corp
FSCO
$1.01B
$33.6M 0.87%
+7,069,959
New +$31.3M
KMF
24
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$32.6M 0.85%
4,593,000
-13,548
-0.3% -$97.8K
NXJ
25
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$31.7M 0.83%
2,764,083
+696,979
+34% +$8.01M
1
2 3 4 5

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GCM
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VI
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JFG
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SPC
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OCM
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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.