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SCM

Saba Capital Management Portfolio holdings

AUM $3.9B
1-Year Est. Return 12.9%
This Fund
S&P 500
This Quarter Est. Return
-0.1%
1 Year Est. Return
+12.9%
3 Year Est. Return
+34.99%
5 Year Est. Return
+42.32%
10 Year Est. Return
+54.91%
AUM
$3.37B
AUM Growth
-$292M
Cap. Flow
-$7.63M
Cap. Flow %
-0.23%
Top 10 Hldgs %
47.48%
Holding
415
New
86
Increased
59
Reduced
59
Closed
65
Avg Time Held Equity + Options
5 quarters
Top 10 Avg Time Held Equity + Options
4.4 quarters
Top 20 Avg Time Held Equity + Options
4.5 quarters
Avg Time Held Equity only
5.2 quarters
Top 10 Avg Time Held Equity only
4.9 quarters
Top 20 Avg Time Held Equity only
5.3 quarters

Top Buys

Rank Stock Value
1
BPRE icon
Bluerock Private Real Estate Fund
BPRE
+$47.4M
2
ASA icon
ASA Gold and Precious Metals
ASA
+$37.3M
3
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$19.2M
4
NFJ icon
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$14.6M
5
RMT icon
Royce Micro-Cap Trust
RMT
+$12.5M

Top Sells

Rank Stock Value
1
EVM
Eaton Vance California Municipal Bond Fund
EVM
+$43.1M
2
ENX
Eaton Vance New York Municipal Bond Fund
ENX
+$38.4M
3
ADX icon
Adams Diversified Equity Fund
ADX
+$29.9M
4
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.5M
5
NQP icon
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$20.7M

Sector Composition

Rank Sector Weight
1 Miscellaneous 82.48%
2 Financials 7.78%
3 Technology 2.83%
4 Communication Services 2.24%
5 Consumer Discretionary 2.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ECAT icon
1
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.39B
$405M 12.04%
26,336,257
-1,464,467
-5% -$23.5M
2022 Q2
14 quarters
ASA icon
2
ASA Gold and Precious Metals
ASA
$991M
$322M 9.56%
5,391,713
+735,036
+16% +$37.3M
2022 Q4
12 quarters
GDV icon
3
Gabelli Dividend & Income Trust
GDV
$2.47B
$160M 4.75%
5,751,258
-363,054
-6% -$9.84M
2023 Q4
8 quarters
PDX icon
4
PIMCO Dynamic Income Strategy Fund
PDX
$916M
$128M 3.79%
6,796,130
-693,077
-9% -$15.2M
2021 Q4
16 quarters
GAM icon
5
General American Investors Company
GAM
$1.55B
$123M 3.64%
2,085,885
+44,324
+2% +$2.69M
2016 Q3
37 quarters
NFJ icon
6
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.4B
$111M 3.31%
8,640,031
+1,132,073
+15% +$14.6M
2016 Q1
39 quarters
NBXG icon
7
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.24B
$111M 3.3%
7,695,235
-26,169
-0.3% -$387K
2021 Q4
16 quarters
BSTZ icon
8
BlackRock Science and Technology Term Trust
BSTZ
$2.01B
$103M 3.06%
4,557,491
+863,496
+23% +$19.2M
2022 Q4
12 quarters
MEGI icon
9
NYLIM CBRE Global Infrastructure Megatrends Term Fund
MEGI
$728M
$77M 2.29%
5,593,758
-666,211
-11% -$9.44M
2022 Q3
13 quarters
PEO icon
10
Adams Natural Resources Fund
PEO
$826M
$58.7M 1.74%
2,698,250
+10,926
+0.4% +$235K
2022 Q4
12 quarters
TSLA icon
11
PUT
Tesla
TSLA
$1.48T
$50.9M 1.51%
113,100
+61,200
+118% +$27.1M
2025 Q3
1 quarter
BPRE icon
12
Bluerock Private Real Estate Fund
BPRE
$46.1M 1.37%
+3,074,615
New +$47.4M
2025 Q4
0 quarters
CRWD icon
13
PUT
CrowdStrike
CRWD
$267B
$41.3M 1.23%
352,800
+156,000
+79% +$19.9M
2025 Q3
1 quarter
LEO icon
14
BNY Mellon Strategic Municipals
LEO
$346M
$38.6M 1.15%
6,076,820
+378,001
+7% +$2.37M
2023 Q4
8 quarters
QCOM icon
15
PUT
Qualcomm
QCOM
$189B
$38.4M 1.14%
224,600
+3,600
+2% +$617K
2025 Q3
1 quarter
NVDA icon
16
PUT
NVIDIA
NVDA
$5.52T
$38.4M 1.14%
205,900
-171,200
-45% -$31.9M
2025 Q2
2 quarters
NQP icon
17
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$35.7M 1.06%
2,998,620
-1,720,246
-36% -$20.7M
2022 Q4
12 quarters
HQL icon
18
abrdn Life Sciences Investors
HQL
$525M
$35.5M 1.06%
2,117,174
-469,478
-18% -$7.89M
2023 Q2
10 quarters
MXF icon
19
Mexico Fund
MXF
$292M
$34.1M 1.01%
1,691,300
+413,606
+32% +$8.02M
2025 Q2
2 quarters
AMD icon
20
PUT
Advanced Micro Devices
AMD
$989B
$33.8M 1%
157,900
-325,100
-67% -$73M
2025 Q2
2 quarters
DSM icon
21
BNY Mellon Strategic Municipal Bond Fund
DSM
$257M
$32M 0.95%
5,179,441
+26,850
+0.5% +$161K
2022 Q4
12 quarters
BOE icon
22
BlackRock Enhanced Global Dividend Trust
BOE
$657M
$29.9M 0.89%
2,555,063
+160,525
+7% +$1.86M
2022 Q4
12 quarters
AFB icon
23
AllianceBernstein National Municipal Income Fund
AFB
$273M
$29.9M 0.89%
2,760,256
-321,043
-10% -$3.49M
2022 Q4
12 quarters
BA icon
24
PUT
Boeing
BA
$147B
$29.6M 0.88%
136,500
-254,000
-65% -$52.2M
2025 Q2
2 quarters
AAPL icon
25
PUT
Apple
AAPL
$4.98T
$28.4M 0.84%
+104,300
New +$28M
2025 Q4
0 quarters
1
2 3 4 5

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Saba Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Saba Capital Management held 415 positions worth $3.37B, down 8% from $3.66B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Saba Capital Management's Q4 2025 filing shows 86 new, 59 increased, 59 reduced and 65 closed positions. Its largest new stake was Bluerock Private Real Estate Fund: 3,074,615 shares worth $46.1M. The largest sale was Eaton Vance California Municipal Bond Fund, an estimated $43.1M.

By sector, the portfolio is most concentrated in Miscellaneous at 82% of assets, down from 87% a quarter earlier, followed by Financials and Technology.

  • Saba Capital Management's largest Q4 2025 buy was Bluerock Private Real Estate Fund: 3,074,615 shares worth $46.1M.
  • Saba Capital Management added most to ASA Gold and Precious Metals in Q4 2025, an estimated $37.3M increase.
  • Saba Capital Management's biggest Q4 2025 reduction was BlackRock ESG Capital Allocation Term Trust, cutting an estimated $23.5M.
  • Saba Capital Management fully exited Eaton Vance California Municipal Bond Fund in Q4 2025, selling an estimated $43.1M.
  • Saba Capital Management's ten largest holdings make up 47% of its $3.37B portfolio in Q4 2025.
  • Saba Capital Management opened 86 new positions and closed 65 in Q4 2025.
  • Saba Capital Management's portfolio value fell 8% quarter-over-quarter to $3.37B.

Based on Saba Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.