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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
-3.22%
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
$3.62B
AUM Growth
+$255M
(+7.6%)
Cap. Flow
+$255M
Cap. Flow
% of AUM
7.05%
Top 10 Holdings %
Top 10 Hldgs %
43.39%
Holding
444
New
94
Increased
65
Reduced
76
Closed
54
Avg Time Held Equity + Options
4.7
quarters
Top 10 Avg Time Held Equity + Options
5.1
quarters
Top 20 Avg Time Held Equity + Options
4.7
quarters
Avg Time Held Equity only
4.9
quarters
Top 10 Avg Time Held Equity only
5.6
quarters
Top 20 Avg Time Held Equity only
5.4
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FS KKR Capital
FSK
|
+$43.9M |
| 2 |
Vertical Aerospace
EVTL
|
+$35M |
| 3 |
ASA Gold and Precious Metals
ASA
|
+$34.6M |
| 4 |
Apollo Global Management
APO
|
+$33.2M |
| 5 |
Ares Management
ARES
|
+$32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BlackRock ESG Capital Allocation Term Trust
ECAT
|
+$64.6M |
| 2 |
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
|
+$35.7M |
| 3 |
AllianceBernstein National Municipal Income Fund
AFB
|
+$25.1M |
| 4 |
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
|
+$24.4M |
| 5 |
BlackRock Enhanced Global Dividend Trust
BOE
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 75.53% |
| 2 | Financials | 12.63% |
| 3 | Technology | 3.9% |
| 4 | Communication Services | 2.65% |
| 5 | Consumer Discretionary | 2.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
ASA Gold and Precious Metals
ASA
$991M
| $366M | 10.12% |
5,903,701
+511,988
| +9% | +$34.6M |
2022 Q4
13 quarters
|
|
|
2
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.39B
| $299M | 8.26% |
22,022,163
-4,314,094
| -16% | -$64.6M |
2022 Q2
15 quarters
|
|
3
PIMCO Dynamic Income Strategy Fund
PDX
$916M
| $142M | 3.91% |
6,416,087
-380,043
| -6% | -$7.71M |
2021 Q4
17 quarters
|
|
4
Gabelli Dividend & Income Trust
GDV
$2.47B
| $138M | 3.8% |
5,106,460
-644,798
| -11% | -$18.2M |
2023 Q4
9 quarters
|
|
5
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.4B
| $129M | 3.56% |
10,213,194
+1,573,163
| +18% | +$20.8M |
2016 Q1
40 quarters
|
|
6
BlackRock Science and Technology Term Trust
BSTZ
$2.01B
| $123M | 3.38% |
5,531,595
+974,104
| +21% | +$21.8M |
2022 Q4
13 quarters
|
|
7
General American Investors Company
GAM
$1.55B
| $108M | 2.97% |
1,839,593
-246,292
| -12% | -$14.9M |
2016 Q3
38 quarters
|
|
8
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.24B
| $97.1M | 2.68% |
7,548,223
-147,012
| -2% | -$2.01M |
2021 Q4
17 quarters
|
|
9
PUT
Tesla
TSLA
$1.48T
| $91.1M | 2.52% |
245,100
+132,000
| +117% | +$54.4M |
2025 Q3
2 quarters
|
|
10
Bluerock Private Real Estate Fund
BPRE
| $79.2M | 2.19% |
4,766,113
+1,691,498
| +55% | +$28.2M |
2025 Q4
1 quarter
|
|
11
PUT
NVIDIA
NVDA
$5.52T
| $74.8M | 2.07% |
429,000
+223,100
| +108% | +$40.9M |
2025 Q2
3 quarters
|
|
12
Adams Natural Resources Fund
PEO
$826M
| $62.9M | 1.74% |
2,262,661
-435,589
| -16% | -$11M |
2022 Q4
13 quarters
|
|
13
NYLIM CBRE Global Infrastructure Megatrends Term Fund
MEGI
$728M
| $60.2M | 1.66% |
4,095,456
-1,498,302
| -27% | -$21.9M |
2022 Q3
14 quarters
|
|
14
PUT
Meta Platforms (Facebook)
META
$1.94T
| $51M | 1.41% |
+89,200
| New | +$57.2M |
2026 Q1
0 quarters
|
|
15
BNY Mellon Strategic Municipals
LEO
$346M
| $38.2M | 1.06% |
6,076,820
| – | – |
2023 Q4
9 quarters
|
|
16
PUT
Boeing
BA
$147B
| $37.4M | 1.03% |
187,900
+51,400
| +38% | +$11.7M |
2025 Q2
3 quarters
|
|
17
Mexico Fund
MXF
$292M
| $36.9M | 1.02% |
1,764,332
+73,032
| +4% | +$1.56M |
2025 Q2
3 quarters
|
|
|
18
FS KKR Capital
FSK
$2.96B
| $35.7M | 0.99% |
+3,509,748
| New | +$43.9M |
2026 Q1
0 quarters
|
|
19
Royce Micro-Cap Trust
RMT
$713M
| $33.5M | 0.93% |
2,965,400
+350,491
| +13% | +$4.07M |
2024 Q2
7 quarters
|
|
20
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.1B
| $32.7M | 0.9% |
300,000
+284,281
| +1,809% | +$31.3M |
2025 Q4
1 quarter
|
|
21
PUT
Advanced Micro Devices
AMD
$989B
| $32.1M | 0.89% |
157,900
| – | – |
2025 Q2
3 quarters
|
|
22
BNY Mellon Strategic Municipal Bond Fund
DSM
$257M
| $31.1M | 0.86% |
5,179,441
| – | – |
2022 Q4
13 quarters
|
|
|
23
Apollo Global Management
APO
$68.7B
| $29.8M | 0.82% |
+267,669
| New | +$33.2M |
2026 Q1
0 quarters
|
|
24
Highland Opportunities and Income Fund
HFRO
$352M
| $29.4M | 0.81% |
5,147,237
+473,221
| +10% | +$2.88M |
2025 Q2
3 quarters
|
|
|
25
Tesla
TSLA
$1.48T
| $29.3M | 0.81% |
78,869
+60,708
| +334% | +$25M |
2025 Q3
2 quarters
|
|
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Saba Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Saba Capital Management held 444 positions worth $3.62B, up 7.6% from $3.37B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Saba Capital Management deployed $255M of net new capital in Q1 2026, opening 94 new positions and adding to 65 existing holdings. Its largest new stake was FS KKR Capital: 3,509,748 shares worth $35.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 76% of assets, down from 82% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was BlackRock ESG Capital Allocation Term Trust, an estimated $64.6M trimmed.
- Saba Capital Management's largest Q1 2026 buy was FS KKR Capital: 3,509,748 shares worth $35.7M.
- Saba Capital Management added most to Vertical Aerospace in Q1 2026, an estimated $35M increase.
- Saba Capital Management's biggest Q1 2026 reduction was BlackRock ESG Capital Allocation Term Trust, cutting an estimated $64.6M.
- Saba Capital Management fully exited Nuveen Pennsylvania Quality Municipal Income Fund in Q1 2026, selling an estimated $35.7M.
- Saba Capital Management's ten largest holdings make up 43% of its $3.62B portfolio in Q1 2026.
- Saba Capital Management opened 94 new positions and closed 54 in Q1 2026.
- Saba Capital Management's portfolio value rose 7.6% quarter-over-quarter to $3.62B.
Based on Saba Capital Management's 13F filing for Q1 2026, filed 15 May 2026.