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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
+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
IWM icon
1
CALL
iShares Russell 2000 ETF
IWM
$80.9B
$966M 16.54%
4,592,900
+4,526,700
+6,838% +$903M
ECAT icon
2
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.5B
$495M 8.47%
28,496,747
+4,448,118
+18% +$74.4M
BTX
3
BlackRock Technology and Private Equity Term Trust
BTX
$957M
$423M 7.24%
51,963,968
+8,204,566
+19% +$63.6M
BMEZ icon
4
BlackRock Health Sciences Trust II
BMEZ
$957M
$336M 5.75%
20,492,010
+3,705,172
+22% +$58.4M
BCAT icon
5
BlackRock Capital Allocation Term Trust
BCAT
$1.6B
$272M 4.66%
16,333,600
+2,709,978
+20% +$42M
ADX icon
6
Adams Diversified Equity Fund
ADX
$3.17B
$156M 2.67%
7,987,067
+422,122
+6% +$7.84M
PDX
7
PIMCO Dynamic Income Strategy Fund
PDX
$957M
$149M 2.56%
7,034,522
– –
EMO
8
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.06B
$122M 2.09%
3,007,117
– –
BSTZ icon
9
BlackRock Science and Technology Term Trust
BSTZ
$1.97B
$115M 1.97%
5,920,475
+2,361,436
+66% +$42.4M
CEM
10
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
$100M 1.72%
2,189,802
– –
NAC icon
11
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$97.1M 1.66%
8,813,108
+528,173
+6% +$5.81M
NXJ
12
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$70.5M 1.21%
5,834,124
+284,775
+5% +$3.42M
MEGI
13
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$786M
$69.2M 1.19%
5,507,053
+106,978
+2% +$1.37M
AAL icon
14
PUT
American Airlines Group
AAL
$9.58B
$62.2M 1.06%
4,049,500
+13,400
+0.3% +$194K
BFZ
15
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$61.8M 1.06%
5,225,100
+131,072
+3% +$1.54M
VMO icon
16
Invesco Municipal Opportunity Trust
VMO
$647M
$60.6M 1.04%
6,225,848
+5,472,556
+726% +$52.6M
NMAI icon
17
Nuveen Multi-Asset Income Fund
NMAI
$460M
$59.1M 1.01%
4,748,806
+28,148
+0.6% +$342K
NQP
18
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$58.8M 1.01%
4,970,963
+505,016
+11% +$5.9M
JWN
19
PUT
DELISTED
Nordstrom
JWN
$53.4M 0.92%
2,636,600
+38,300
+1% +$725K
ASA
20
ASA Gold and Precious Metals
ASA
$948M
$50M 0.86%
3,253,837
– –
GDV icon
21
Gabelli Dividend & Income Trust
GDV
$2.6B
$50M 0.86%
2,174,441
+1,201,595
+124% +$26.4M
NBXG
22
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.18B
$48.7M 0.83%
4,143,339
– –
PEO
23
Adams Natural Resources Fund
PEO
$759M
$47.6M 0.82%
2,145,291
+219,778
+11% +$4.49M
CTR
24
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
$46.6M 0.8%
1,124,306
– –
ASGI
25
abrdn Global Infrastructure Income Fund
ASGI
$776M
$46.1M 0.79%
2,597,659
+348,102
+15% +$6.12M
1
2 3 4 5

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GCM
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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.