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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
+5.02%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.8B
AUM Growth
-$1.22B
Cap. Flow
-$1.43B
Cap. Flow %
-29.79%
Top 10 Hldgs %
47.67%
Holding
417
New
28
Increased
55
Reduced
62
Closed
59

Top Buys

Rank Stock Value
1
GDV icon
Gabelli Dividend & Income Trust
GDV
+$36.5M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$28.1M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$27M
4
GAM
General American Investors Company
GAM
+$26.6M
5
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$25.4M

Top Sells

Rank Stock Value
1
ADX icon
Adams Diversified Equity Fund
ADX
+$70.9M
2
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$57.1M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.3M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$33.5M
5
JRI icon
Nuveen Real Asset Income & Growth Fund
JRI
+$26.5M

Sector Composition

Rank Sector Weight
1 Communication Services 1.12%
2 Financials 1.04%
3 Consumer Discretionary 0.85%
4 Technology 0.59%
5 Real Estate 0.37%
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
$507M 10.56%
28,552,727
– –
BTX
2
BlackRock Technology and Private Equity Term Trust
BTX
$957M
$421M 8.78%
55,794,604
+3,691,310
+7% +$27M
BMEZ icon
3
BlackRock Health Sciences Trust II
BMEZ
$957M
$327M 6.82%
20,661,390
+122,959
+0.6% +$1.94M
BCAT icon
4
BlackRock Capital Allocation Term Trust
BCAT
$1.6B
$265M 5.53%
16,114,773
-218,827
-1% -$3.58M
PDX
5
PIMCO Dynamic Income Strategy Fund
PDX
$957M
$148M 3.09%
6,274,923
-585,525
-9% -$13.5M
ADX icon
6
Adams Diversified Equity Fund
ADX
$3.17B
$138M 2.89%
6,422,698
-3,333,048
-34% -$70.9M
GDV icon
7
Gabelli Dividend & Income Trust
GDV
$2.6B
$129M 2.7%
5,295,332
+1,554,550
+42% +$36.5M
BSTZ icon
8
BlackRock Science and Technology Term Trust
BSTZ
$1.97B
$129M 2.68%
6,703,610
-476,054
-7% -$9.09M
AAL icon
9
PUT
American Airlines Group
AAL
$9.58B
$126M 2.62%
11,202,300
+5,653,000
+102% +$59.8M
NFJ
10
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$96.3M 2.01%
7,388,560
+2,012,111
+37% +$25.4M
MEGI
11
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$786M
$85.4M 1.78%
5,730,279
– –
NBXG
12
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.18B
$84.9M 1.77%
6,618,659
+988,197
+18% +$12.2M
NXJ
13
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$78M 1.63%
5,979,598
– –
ASA
14
ASA Gold and Precious Metals
ASA
$948M
$67.6M 1.41%
3,253,837
– –
PEO
15
Adams Natural Resources Fund
PEO
$759M
$67.1M 1.4%
3,002,944
+197,870
+7% +$4.41M
NQP
16
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$65.3M 1.36%
5,170,599
– –
VMO icon
17
Invesco Municipal Opportunity Trust
VMO
$647M
$63.9M 1.33%
6,220,340
-484,859
-7% -$4.91M
BFZ
18
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$63.3M 1.32%
5,239,568
– –
NMAI icon
19
Nuveen Multi-Asset Income Fund
NMAI
$460M
$59.9M 1.25%
4,534,634
-214,172
-5% -$2.8M
ASGI
20
abrdn Global Infrastructure Income Fund
ASGI
$776M
$59.8M 1.25%
2,957,749
+41,344
+1% +$794K
JWN
21
PUT
DELISTED
Nordstrom
JWN
$59.6M 1.24%
2,649,900
– –
AOD
22
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
$56.4M 1.17%
6,193,028
+3,233,985
+109% +$28.1M
GAM
23
General American Investors Company
GAM
$1.54B
$55M 1.15%
1,026,668
+515,783
+101% +$26.6M
HQH
24
abrdn Healthcare Investors
HQH
$1.23B
$53.5M 1.11%
2,871,962
-436,411
-13% -$8.13M
HQL
25
abrdn Life Sciences Investors
HQL
$585M
$51.7M 1.08%
3,429,991
– –
1
2 3 4 5

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Saba Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Saba Capital Management held 417 positions worth $4.8B, down 20% from $6.01B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management withdrew a net $1.43B in Q3 2024, closing 59 positions and reducing 62 holdings. Its most notable exit was Nuveen AMT-Free Quality Municipal Income Fund, an estimated $34.3M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 1.1% of assets, up from 0.48% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Saba Capital Management opened a new position in Morgan Stanley India Investment Fund worth $20.3M.

  • Saba Capital Management's largest Q3 2024 buy was Morgan Stanley India Investment Fund: 675,703 shares worth $20.3M.
  • Saba Capital Management added most to Gabelli Dividend & Income Trust in Q3 2024, an estimated $36.5M increase.
  • Saba Capital Management's biggest Q3 2024 reduction was Adams Diversified Equity Fund, cutting an estimated $70.9M.
  • Saba Capital Management fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q3 2024, selling an estimated $34.3M.
  • Saba Capital Management's ten largest holdings make up 48% of its $4.8B portfolio in Q3 2024.
  • Saba Capital Management opened 28 new positions and closed 59 in Q3 2024.
  • Saba Capital Management's portfolio value fell 20% quarter-over-quarter to $4.8B.

Based on Saba Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.