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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
+0.47%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$6.01B
AUM Growth
+$175M
Cap. Flow
+$210M
Cap. Flow %
3.5%
Top 10 Hldgs %
57.1%
Holding
433
New
31
Increased
88
Reduced
47
Closed
48

Top Buys

Rank Stock Value
1
ADX icon
Adams Diversified Equity Fund
ADX
+$35.3M
2
GDV icon
Gabelli Dividend & Income Trust
GDV
+$35.1M
3
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$24.2M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$23.6M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$18.2M

Top Sells

Rank Stock Value
1
EMO
ClearBridge Energy Midstream Opportunity Fund
EMO
+$113M
2
CEM
ClearBridge MLP and Midstream Fund Inc.
CEM
+$100M
3
CTR
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
+$44.4M
4
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
+$32.8M
5
FPL
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
+$15.1M

Sector Composition

Rank Sector Weight
1 Financials 0.92%
2 Communication Services 0.48%
3 Consumer Discretionary 0.43%
4 Technology 0.29%
5 Industrials 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
CALL
iShares Russell 2000 ETF
IWM
$79.8B
$1.29B 21.51%
6,377,200
+1,784,300
+39% +$361M
ECAT icon
2
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$501M 8.33%
28,552,727
+55,980
+0.2% +$951K
BTX
3
BlackRock Technology and Private Equity Term Trust
BTX
$940M
$377M 6.26%
52,103,294
+139,326
+0.3% +$1.03M
BMEZ icon
4
BlackRock Health Sciences Trust II
BMEZ
$968M
$315M 5.25%
20,538,431
+46,421
+0.2% +$704K
BCAT icon
5
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$268M 4.46%
16,333,600
– –
ADX icon
6
Adams Diversified Equity Fund
ADX
$3.13B
$210M 3.49%
9,755,746
+1,768,679
+22% +$35.3M
PDX
7
PIMCO Dynamic Income Strategy Fund
PDX
$955M
$153M 2.54%
6,860,448
-174,074
-2% -$3.71M
BSTZ icon
8
BlackRock Science and Technology Term Trust
BSTZ
$1.95B
$143M 2.38%
7,179,664
+1,259,189
+21% +$23.6M
NAC icon
9
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$89.1M 1.48%
7,728,373
-1,084,735
-12% -$12M
GDV icon
10
Gabelli Dividend & Income Trust
GDV
$2.6B
$85M 1.41%
3,740,782
+1,566,341
+72% +$35.1M
MEGI
11
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$796M
$73.4M 1.22%
5,730,279
+223,226
+4% +$2.81M
NXJ
12
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$73M 1.21%
5,979,598
+145,474
+2% +$1.74M
NBXG
13
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.16B
$72.7M 1.21%
5,630,462
+1,487,123
+36% +$18M
VMO icon
14
Invesco Municipal Opportunity Trust
VMO
$651M
$67.6M 1.12%
6,705,199
+479,351
+8% +$4.62M
NFJ
15
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$66M 1.1%
5,376,449
+1,976,472
+58% +$24.2M
PEO
16
Adams Natural Resources Fund
PEO
$739M
$63.7M 1.06%
2,805,074
+659,783
+31% +$14.8M
NQP
17
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$63.1M 1.05%
5,170,599
+199,636
+4% +$2.35M
AAL icon
18
PUT
American Airlines Group
AAL
$10.1B
$62.9M 1.05%
5,549,300
+1,499,800
+37% +$19.7M
BFZ
19
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$62.7M 1.04%
5,239,568
+14,468
+0.3% +$170K
NMAI icon
20
Nuveen Multi-Asset Income Fund
NMAI
$468M
$58.6M 0.98%
4,748,806
– –
HQH
21
abrdn Healthcare Investors
HQH
$1.25B
$57.8M 0.96%
3,308,373
+750,904
+29% +$12.5M
ASA
22
ASA Gold and Precious Metals
ASA
$919M
$57.1M 0.95%
3,253,837
– –
JWN
23
PUT
DELISTED
Nordstrom
JWN
$56.2M 0.93%
2,649,900
+13,300
+0.5% +$272K
ASGI
24
abrdn Global Infrastructure Income Fund
ASGI
$756M
$53.4M 0.89%
2,916,405
+318,746
+12% +$5.77M
HQL
25
abrdn Life Sciences Investors
HQL
$581M
$48.6M 0.81%
3,429,991
+967,844
+39% +$13.1M
1
2 3 4 5

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Saba Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Saba Capital Management held 433 positions worth $6.01B, up 3% from $5.84B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Saba Capital Management deployed $210M of net new capital in Q2 2024, opening 31 new positions and adding to 88 existing holdings. Its largest new stake was Trump Media & Technology Group: 201,838 shares worth $4.68M.

By sector, the portfolio is most concentrated in Financials at 0.92% of assets, down from 0.94% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was ClearBridge Energy Midstream Opportunity Fund, an estimated $113M trimmed.

  • Saba Capital Management's largest Q2 2024 buy was Trump Media & Technology Group: 201,838 shares worth $4.68M.
  • Saba Capital Management added most to Adams Diversified Equity Fund in Q2 2024, an estimated $35.3M increase.
  • Saba Capital Management's biggest Q2 2024 reduction was ClearBridge Energy Midstream Opportunity Fund, cutting an estimated $113M.
  • Saba Capital Management fully exited ClearBridge MLP and Midstream Fund Inc. in Q2 2024, selling an estimated $100M.
  • Saba Capital Management's ten largest holdings make up 57% of its $6.01B portfolio in Q2 2024.
  • Saba Capital Management opened 31 new positions and closed 48 in Q2 2024.
  • Saba Capital Management's portfolio value rose 3% quarter-over-quarter to $6.01B.

Based on Saba Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.