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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

Top Buys

Rank Stock Value
1
BPRE
Bluerock Private Real Estate Fund
BPRE
+$47.4M
2
ASA
ASA Gold and Precious Metals
ASA
+$37.3M
3
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$19.2M
4
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$14.6M
5
RMT
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
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
ECAT icon
1
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.53B
$405M 12.04%
26,336,257
-1,464,467
-5% -$23.5M
ASA
2
ASA Gold and Precious Metals
ASA
$1.2B
$322M 9.56%
5,391,713
+735,036
+16% +$37.3M
GDV icon
3
Gabelli Dividend & Income Trust
GDV
$2.65B
$160M 4.75%
5,751,258
-363,054
-6% -$9.84M
PDX
4
PIMCO Dynamic Income Strategy Fund
PDX
$968M
$128M 3.79%
6,796,130
-693,077
-9% -$15.2M
GAM
5
General American Investors Company
GAM
$1.6B
$123M 3.64%
2,085,885
+44,324
+2% +$2.69M
NFJ
6
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
$111M 3.31%
8,640,031
+1,132,073
+15% +$14.6M
NBXG
7
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.21B
$111M 3.3%
7,695,235
-26,169
-0.3% -$387K
BSTZ icon
8
BlackRock Science and Technology Term Trust
BSTZ
$2.13B
$103M 3.06%
4,557,491
+863,496
+23% +$19.2M
MEGI
9
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$771M
$77M 2.29%
5,593,758
-666,211
-11% -$9.44M
PEO
10
Adams Natural Resources Fund
PEO
$792M
$58.7M 1.74%
2,698,250
+10,926
+0.4% +$235K
TSLA icon
11
PUT
Tesla
TSLA
$1.37T
$50.9M 1.51%
113,100
+61,200
+118% +$27.1M
BPRE
12
Bluerock Private Real Estate Fund
BPRE
$46.1M 1.37%
+3,074,615
New +$47.4M
CRWD icon
13
PUT
CrowdStrike
CRWD
$223B
$41.3M 1.23%
352,800
+156,000
+79% +$19.9M
LEO
14
BNY Mellon Strategic Municipals
LEO
$386M
$38.6M 1.15%
6,076,820
+378,001
+7% +$2.37M
QCOM icon
15
PUT
Qualcomm
QCOM
$175B
$38.4M 1.14%
224,600
+3,600
+2% +$617K
NVDA icon
16
PUT
NVIDIA
NVDA
$5.25T
$38.4M 1.14%
205,900
-171,200
-45% -$31.9M
NQP
17
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$35.7M 1.06%
2,998,620
-1,720,246
-36% -$20.7M
HQL
18
abrdn Life Sciences Investors
HQL
$637M
$35.5M 1.06%
2,117,174
-469,478
-18% -$7.89M
MXF
19
Mexico Fund
MXF
$312M
$34.1M 1.01%
1,691,300
+413,606
+32% +$8.02M
AMD icon
20
PUT
Advanced Micro Devices
AMD
$766B
$33.8M 1%
157,900
-325,100
-67% -$73M
DSM
21
BNY Mellon Strategic Municipal Bond Fund
DSM
$288M
$32M 0.95%
5,179,441
+26,850
+0.5% +$161K
BOE icon
22
BlackRock Enhanced Global Dividend Trust
BOE
$692M
$29.9M 0.89%
2,555,063
+160,525
+7% +$1.86M
AFB
23
AllianceBernstein National Municipal Income Fund
AFB
$314M
$29.9M 0.89%
2,760,256
-321,043
-10% -$3.49M
BA icon
24
PUT
Boeing
BA
$165B
$29.6M 0.88%
136,500
-254,000
-65% -$52.2M
AAPL icon
25
PUT
Apple
AAPL
$4.67T
$28.4M 0.84%
+104,300
New +$28M
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.