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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
+7.93%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$4.26B
AUM Growth
+$558M
Cap. Flow
+$256M
Cap. Flow %
6.03%
Top 10 Hldgs %
44.58%
Holding
364
New
96
Increased
71
Reduced
47
Closed
42

Top Buys

Rank Stock Value
1
WENNU
Wen Acquisition Corp Unit
WENNU
+$20.8M
2
RDAG
Republic Digital Acquisition Co
RDAG
+$19.6M
3
ETOR
eToro Group
ETOR
+$16.7M
4
MXF
Mexico Fund
MXF
+$13.8M
5
IAE
Voya Asia Pacific High Dividend Equity Income Fund
IAE
+$11.5M

Top Sells

Rank Stock Value
1
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$309M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$58.5M
3
ADX icon
Adams Diversified Equity Fund
ADX
+$31.4M
4
ASGI
abrdn Global Infrastructure Income Fund
ASGI
+$18M
5
NXJ
Nuveen New Jersey Quality Municipal Income Fund
NXJ
+$16.8M

Sector Composition

Rank Sector Weight
1 Financials 2.65%
2 Communication Services 2.09%
3 Technology 1.87%
4 Consumer Discretionary 1.39%
5 Industrials 1.04%
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
$459M 10.79%
28,605,041
– –
BTX
2
BlackRock Technology and Private Equity Term Trust
BTX
$957M
$445M 10.46%
60,675,395
– –
PDX
3
PIMCO Dynamic Income Strategy Fund
PDX
$957M
$186M 4.36%
7,527,897
-14,037
-0.2% -$319K
GDV icon
4
Gabelli Dividend & Income Trust
GDV
$2.6B
$176M 4.14%
6,768,149
+419,570
+7% +$10.1M
BCAT icon
5
BlackRock Capital Allocation Term Trust
BCAT
$1.6B
$118M 2.78%
7,802,473
-4,007,058
-34% -$58.5M
NBXG
6
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.18B
$112M 2.63%
7,663,379
– –
ASA
7
ASA Gold and Precious Metals
ASA
$948M
$103M 2.41%
3,253,837
– –
MSFT icon
8
PUT
Microsoft
MSFT
$2.84T
$102M 2.4%
+205,800
New +$89.4M
GAM
9
General American Investors Company
GAM
$1.54B
$101M 2.37%
1,802,645
+186,111
+12% +$9.7M
NFJ
10
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$95.3M 2.24%
7,683,458
+46,469
+0.6% +$549K
MEGI
11
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$786M
$89M 2.09%
6,259,969
+24,951
+0.4% +$340K
BSTZ icon
12
BlackRock Science and Technology Term Trust
BSTZ
$1.97B
$85.7M 2.01%
4,127,740
-777,908
-16% -$14.5M
AMD icon
13
PUT
Advanced Micro Devices
AMD
$851B
$73.2M 1.72%
+515,700
New +$56.1M
UBER icon
14
PUT
Uber
UBER
$134B
$63.7M 1.5%
+683,100
New +$56.2M
BA icon
15
PUT
Boeing
BA
$165B
$62.5M 1.47%
+298,300
New +$56.3M
ADX icon
16
Adams Diversified Equity Fund
ADX
$3.17B
$62.3M 1.46%
2,870,153
-1,592,803
-36% -$31.4M
PEO
17
Adams Natural Resources Fund
PEO
$759M
$61.5M 1.44%
2,877,339
-11,654
-0.4% -$240K
AMAT icon
18
PUT
Applied Materials
AMAT
$426B
$60.8M 1.43%
+332,100
New +$52.6M
XOM icon
19
PUT
ExxonMobil
XOM
$651B
$58.8M 1.38%
+545,300
New +$58.3M
NQP
20
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$56.8M 1.33%
5,058,973
– –
BFZ
21
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$50.7M 1.19%
4,692,717
-59,643
-1% -$642K
EVM
22
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$40.5M 0.95%
4,544,380
+520,656
+13% +$4.63M
CNNE icon
23
Cannae Holdings
CNNE
$647M
$40.4M 0.95%
1,935,921
+101,089
+6% +$1.87M
HQL
24
abrdn Life Sciences Investors
HQL
$585M
$38.7M 0.91%
3,017,539
-170,866
-5% -$2.11M
MHI
25
DELISTED
Pioneer Municipal High Income Fund
MHI
$38.5M 0.9%
4,201,829
+69,926
+2% +$635K
1
2 3 4 5

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WB
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GCM
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VI
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SL
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JFG
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SPC
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Saba Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Saba Capital Management held 364 positions worth $4.26B, up 15% from $3.7B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Saba Capital Management deployed $256M of net new capital in Q2 2025, opening 96 new positions and adding to 71 existing holdings. Its largest new stake was Wen Acquisition Corp Unit: 1,963,229 shares worth $20.8M.

By sector, the portfolio is most concentrated in Financials at 2.6% of assets, up from 0.69% a quarter earlier, followed by Communication Services and Technology.

On the sell side, the largest reduction was BlackRock Capital Allocation Term Trust, an estimated $58.5M trimmed.

  • Saba Capital Management's largest Q2 2025 buy was Wen Acquisition Corp Unit: 1,963,229 shares worth $20.8M.
  • Saba Capital Management added most to Voya Asia Pacific High Dividend Equity Income Fund in Q2 2025, an estimated $11.5M increase.
  • Saba Capital Management's biggest Q2 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $58.5M.
  • Saba Capital Management fully exited BlackRock Health Sciences Trust II in Q2 2025, selling an estimated $309M.
  • Saba Capital Management's ten largest holdings make up 45% of its $4.26B portfolio in Q2 2025.
  • Saba Capital Management opened 96 new positions and closed 42 in Q2 2025.
  • Saba Capital Management's portfolio value rose 15% quarter-over-quarter to $4.26B.

Based on Saba Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.