Saba Capital Management, L.P.
Filing Date
Global Rank
#840
/ 8,621
▲ 52
· as of Mar 2026
Top Industry
Asset Management
66.6%
3Y Alpha vs SPY
-5.3%
Period ended 4 months ago
Filed May 20, 2026 · 2mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+45.3%
SPY
+67.5%
Annualised alpha
-5.5%
Max drawdown
−16.5%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 85% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
204 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
10.5%
−2.0 pts
Top 5
30.7%
−4.4 pts
Top 10
46.2%
−3.1 pts
HHI
320
Diversified−69
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 74.4% | $2,602,621,623 |
| Technology | 10.7% | $373,232,400 |
| Consumer Cyclical | 5.9% | $206,830,319 |
| Communication Services | 4.2% | $147,123,877 |
| Industrials | 2.7% | $94,520,870 |
| Real Estate | 0.7% | $23,086,504 |
| Consumer Defensive | 0.4% | $15,722,951 |
| Healthcare | 0.4% | $14,585,937 |
| Unclassified | 0.3% | $11,697,197 |
| Basic Materials | 0.2% | $5,342,937 |
| Utilities | 0.0% | $1,341,796 |
| Energy | 0.0% | $1,079,139 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| EVTL | Vertical Aerospace Ltd. | +7,691,459 | 11,640,503 | $25,725,511 | |
| SNAP | Snap Inc | +3,306,024 | 4,727,808 | $21,747,916 | |
| BPRE | Bluerock Private Real Estate Fund | +1,691,498 | 4,766,113 | $79,165,136 | |
| NFJ | Virtus Dividend, Interest & Premium Strategy Fund | +1,573,163 | 10,213,194 | $128,788,376 | |
| VLOS | Velos Acquisition I Corp. | +1,570,771 | 1,585,000 | $17,022,900 | |
| SKYA | SkyAI, Inc. | +1,309,236 | 1,511,988 | $2,540,139 | |
| NWL | Newell Brands Inc. | +1,162,985 | 1,795,447 | $6,158,383 | |
| BSTZ | BlackRock Science & Technology Term Trust | +974,104 | 5,531,595 | $122,524,829 | |
| CYH | Community Health Systems Inc | +881,031 | 1,281,839 | $3,768,606 | |
| NAKA | Nakamoto Inc. | +812,002 | 4,796,541 | $42,401,422 | |
| NCV | Virtus Convertible & Income Fund | +570,704 | 723,578 | $10,766,840 | |
| ASA | ASA Gold & Precious Metals Ltd | +511,988 | 5,903,701 | $366,206,573 | |
| HFRO | Highland Opportunities & Income Fund | +473,221 | 5,147,237 | $29,390,723 | |
| WB | WEIBO Corp | +422,294 | 2,437,357 | $21,326,873 | |
| GF | New Germany Fund Inc | +384,585 | 2,595,140 | $26,522,330 | |
| RMT | Royce Micro-Cap Trust, Inc. | +350,491 | 2,965,400 | $33,538,674 | |
| NML | Neuberger Energy Infrastructure & Income Fund Inc. | +326,572 | 1,743,054 | $18,319,497 | |
| NVDA | Nvidia Corp | +299,089 | 543,068 | $94,711,059 | |
| HPP | Hudson Pacific Properties, Inc. | +276,459 | 831,868 | $4,916,339 | |
| CPB | CAMPBELL'S Co | +267,372 | 315,406 | $7,024,091 | |
| UIS | Unisys Corp | +240,476 | 1,791,963 | $3,709,363 | |
| TSLA | Tesla, Inc. | +192,708 | 323,969 | $120,435,475 | |
| BAX | Baxter International Inc | +152,822 | 239,395 | $4,021,836 | |
| KF | Korea Fund Inc | +148,522 | 218,139 | $9,794,441 | |
| KW | Kennedy-Wilson Holdings, Inc. | +132,943 | 219,000 | $2,369,580 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ECAT | BlackRock ESG Capital Allocation Term Trust | −4,314,094 | 22,022,163 | $299,060,973 | |
| SABR | Sabre Corp | −2,389,029 | 6,490,153 | $9,410,721 | |
| AFB | Alliancebernstein National Municipal Income Fund | −2,300,935 | 459,321 | $4,910,141 | |
| BOE | BlackRock Enhanced Global Dividend Trust | −1,988,746 | 566,317 | $6,206,834 | |
| MEGI | NYLI CBRE Global Infrastructure Megatrends Term Fund | −1,498,302 | 4,095,456 | $60,162,248 | |
| HQL | abrdn Life Sciences Investors | −1,169,828 | 947,346 | $15,413,319 | |
| GDV | Gabelli Dividend & Income Trust | −644,798 | 5,106,460 | $137,516,967 | |
| WENN | WEN Acquisition Corp | −500,000 | 1,063,222 | $10,823,599 | |
| APXT | Apex Treasury Corp | −484,882 | 115,118 | $1,144,272 | |
| PCQ | Pimco California Municipal Income Fund | −444,506 | 692,065 | $5,937,917 | |
| IHD | Voya Emerging Markets High Dividend Equity Fund | −443,329 | 1,305,586 | $8,695,202 | |
| PEO | Adams Natural Resources Fund, Inc. | −435,589 | 2,262,661 | $62,901,975 | |
| PDX | PIMCO Dynamic Income Strategy Fund | −380,043 | 6,416,087 | $141,538,879 | |
| BW | Babcock & Wilcox Enterprises, Inc. | −380,000 | 301,105 | $4,423,232 | |
| RFMZ | RiverNorth Flexible Municipal Income Fund II, Inc. | −317,379 | 288,116 | $3,644,667 | |
| DYOR | Insight Digital Partners II | −302,151 | 91,214 | $908,035 | |
| WIW | Western Asset Inflation-Linked Opportunities & Income Fund | −283,992 | 140,585 | $1,189,349 | |
| PMTR | Perimeter Acquisition Corp. I | −250,992 | 804,878 | $8,258,048 | |
| RDAG | Republic Digital Acquisition Co | −250,000 | 1,395,960 | $14,280,670 | |
| DAAQ | Digital Asset Acquisition Corp. | −250,000 | 600,000 | $6,144,000 | |
| ONCH | 1RT Acquisition Corp. | −250,000 | 524,932 | $5,322,810 | |
| GAM | General American Investors Co Inc | −246,292 | 1,839,593 | $107,561,002 | |
| IIF | Morgan Stanley India Investment Fund, Inc. | −233,027 | 755,897 | $15,556,360 | |
| PURR | Hyperliquid Strategies Inc | −228,701 | 471,964 | $2,402,296 | |
| RAAQ | Real Asset Acquisition Corp. | −215,100 | 582,146 | $6,112,533 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FSK | FS KKR Capital Corp | 3,509,748 | $35,729,234 | |
| APO | Apollo Global Management, Inc. | 267,669 | $29,823,679 | |
| ARES | Ares Management Corp | 241,097 | $26,303,682 | |
| SPXX | Nuveen S&P 500 Dynamic Overwrite Fund | 1,537,423 | $24,706,387 | |
| BX | Blackstone Inc. | 211,134 | $24,278,298 | |
| PLTR | Palantir Technologies Inc. | 139,421 | $20,394,503 | |
| OXLC | Oxford Lane Capital Corp. | 1,852,145 | $18,113,978 | |
| AVX | Avax One Technology Ltd. | 2,317,675 | $16,631,635 | |
| OIM | OneIM Acquisition Corp. | 1,511,646 | $15,055,994 | |
| TASK | TaskUs, Inc. | 2,088,765 | $14,015,613 | |
| MRVL | Marvell Technology, Inc. | 140,000 | $13,867,000 | |
| BMEZ | BlackRock Health Sciences Term Trust | 759,506 | $10,906,506 | |
| ZTR | Virtus Total Return Fund Inc. | 1,134,735 | $7,511,945 | |
| FVAV | Fortress Value Acquisition Corp. V | 600,000 | $6,018,000 | |
| CMII | Columbus Circle Capital Corp II | 600,000 | $5,898,000 | |
| AIO | Virtus Artificial Intelligence & Technology Opportunities Fund | 243,827 | $5,220,336 | |
| SVIV | Spring Valley Acquisition Corp. IV | 511,515 | $5,048,653 | |
| BTX | BlackRock Technology & Private Equity Term Trust | 764,197 | $5,043,700 | |
| NCZ | Virtus Convertible & Income Fund II | 351,755 | $4,717,034 | |
| SAAQ | Space Asset Acquisition Corp. | 398,444 | $3,968,502 | |
| KRAQ | KRAKacquisition Corp | 383,786 | $3,784,129 | |
| HCAC | Hall Chadwick Acquisition Corp | 370,315 | $3,677,227 | |
| NFLX | Netflix Inc | 32,403 | $3,115,548 | |
| CEPS | Cantor Equity Partners VI, Inc. | 300,000 | $3,030,000 | |
| PNI | Pimco New York Municipal Income Fund II | 434,145 | $2,973,893 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
23 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| NQP | NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND | 2,998,620 | $35,653,591 | |
| DIAX | Nuveen Dow 30sm Dynamic Overwrite Fund | 1,599,746 | $24,412,123 | |
| RVT | Royce Small-Cap Trust, Inc. | 1,437,153 | $23,138,163 | |
| ABNB | Airbnb, Inc. | 72,765 | $9,875,665 | |
| BIDU | Baidu, Inc. | 53,823 | $7,032,513 | |
| PCAP | ProCap Acquisition Corp | 645,996 | $6,543,939 | |
| SW | Smurfit Westrock plc | 137,389 | $5,312,832 | |
| CORZ | Core Scientific, Inc./tx | 300,000 | $4,368,000 | |
| FMN | Federated Hermes Premier Municipal Income Fund | 365,326 | $4,058,771 | |
| ETW | Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 438,995 | $4,047,533 | |
| TACO | Berto Acquisition Corp. | 350,000 | $3,549,000 | |
| AES | Aes Corp | 224,982 | $3,226,241 | |
| HEQ | John Hancock Diversified Income Fund | 281,328 | $3,024,276 | |
| OTGA | OTG Acquisition Corp. I | 250,000 | $2,500,000 | |
| AIIA | AI Infrastructure Acquisition Corp. | 227,000 | $2,256,380 | |
| ABUS | Arbutus Biopharma Corp | 347,885 | $1,673,326 | |
| NU | Nu Holdings Ltd. | 94,800 | $1,586,952 | |
| NBH | Neuberger Municipal Fund Inc. | 110,116 | $1,114,373 | |
| NMAI | Nuveen Multi-Asset Income Fund | 75,279 | $981,638 | |
| VFL | abrdn National Municipal Income Fund | 85,645 | $879,574 | |
| FUSE | Fusemachines Inc. | 67,711 | $111,723 | |
| CRML | Critical Metals Corp. | 10,000 | $69,400 | |
| KEEL | Keel Infrastructure Corp. | 19,100 | $44,885 | |
| No positions match the current search. | ||||
204 positions ·
$3,497,185,550 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 204 positions by value
· page 1 of 5
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ASA |
ASA Gold & Precious Metals Ltd
Financial Services
|
Added | 5,903,701 | $366,206,573 | 10.47% | |
| ECAT |
BlackRock ESG Capital Allocation Term Trust
Financial Services
|
Reduced | 22,022,163 | $299,060,973 | 8.55% | |
| PDX |
PIMCO Dynamic Income Strategy Fund
Financial Services
|
Reduced | 6,416,087 | $141,538,879 | 4.05% | |
| GDV |
Gabelli Dividend & Income Trust
Financial Services
|
Reduced | 5,106,460 | $137,516,967 | 3.93% | |
| NFJ |
Virtus Dividend, Interest & Premium Strategy Fund
Financial Services
|
Added | 10,213,194 | $128,788,376 | 3.68% | |
| BSTZ |
BlackRock Science & Technology Term Trust
Financial Services
|
Added | 5,531,595 | $122,524,829 | 3.50% | |
| TSLA |
Tesla, Inc.
PUT
+ SHARES
Consumer Cyclical
|
Added | 323,969 | $120,435,475 | 3.44% | |
| GAM |
General American Investors Co Inc
Financial Services
|
Reduced | 1,839,593 | $107,561,002 | 3.08% | |
| NBXG |
Neuberger Next Generation Connectivity Fund Inc.
Financial Services
|
Reduced | 7,548,223 | $97,145,630 | 2.78% | |
| NVDA |
Nvidia Corp
PUT
+ SHARES
Technology
|
Added | 543,068 | $94,711,059 | 2.71% | |
| BPRE |
Bluerock Private Real Estate Fund
Financial Services
|
Added | 4,766,113 | $79,165,136 | 2.26% | |
| META |
Meta Platforms, Inc.
PUT
+ SHARES
Communication Services
|
Added | 124,783 | $71,392,097 | 2.04% | |
| PEO |
Adams Natural Resources Fund, Inc.
Financial Services
|
Reduced | 2,262,661 | $62,901,975 | 1.80% | |
| MEGI |
NYLI CBRE Global Infrastructure Megatrends Term Fund
Financial Services
|
Reduced | 4,095,456 | $60,162,248 | 1.72% | |
| BA |
Boeing Co
PUT
+ SHARES
Industrials
|
Added | 261,865 | $52,118,990 | 1.49% | |
| QCOM |
Qualcomm Inc/De
PUT
+ SHARES
Technology
|
Added | 330,552 | $42,568,486 | 1.22% | |
| NAKA |
Nakamoto Inc.
Financial Services
|
Added | 4,796,541 | $42,401,422 | 1.21% | |
| LEO |
Bny Mellon Strategic Municipals, Inc.
Financial Services
|
Held | 6,076,820 | $38,223,197 | 1.09% | |
| MXF |
Mexico Fund Inc
Financial Services
|
Added | 1,764,332 | $36,927,468 | 1.06% | |
| BABA |
Alibaba Group Holding Ltd
PUT
+ SHARES
Consumer Cyclical
|
Added | 293,343 | $36,802,812 | 1.05% | |
| AAPL |
Apple Inc.
PUT
+ SHARES
Technology
|
Added | 140,794 | $35,732,109 | 1.02% | |
| FSK |
FS KKR Capital Corp
Financial Services
|
NEW | 3,509,748 | $35,729,234 | 1.02% | |
| AMD |
Advanced Micro Devices Inc
PUT
+ SHARES
Technology
|
Added | 170,581 | $34,701,292 | 0.99% | |
| RMT |
Royce Micro-Cap Trust, Inc.
Financial Services
|
Added | 2,965,400 | $33,538,674 | 0.96% | |
| DSM |
Bny Mellon Strategic Municipal Bond Fund, Inc.
Financial Services
|
Held | 5,179,441 | $31,128,440 | 0.89% | |
| APO |
Apollo Global Management, Inc.
Financial Services
|
NEW | 267,669 | $29,823,679 | 0.85% | |
| HFRO |
Highland Opportunities & Income Fund
Financial Services
|
Added | 5,147,237 | $29,390,723 | 0.84% | |
| GF |
New Germany Fund Inc
Financial Services
|
Added | 2,595,140 | $26,522,330 | 0.76% | |
| ARES |
Ares Management Corp
Financial Services
|
NEW | 241,097 | $26,303,682 | 0.75% | |
| EVTL |
Vertical Aerospace Ltd.
Industrials
|
Added | 11,640,503 | $25,725,511 | 0.74% | |
| SPXX |
Nuveen S&P 500 Dynamic Overwrite Fund
Financial Services
|
NEW | 1,537,423 | $24,706,387 | 0.71% | |
| SHOP |
Shopify Inc.
PUT
+ SHARES
Technology
|
Added | 206,376 | $24,480,321 | 0.70% | |
| BX |
Blackstone Inc.
Financial Services
|
NEW | 211,134 | $24,278,298 | 0.69% | |
| TY |
TRI-CONTINENTAL Corp
Financial Services
|
Added | 735,098 | $23,221,745 | 0.66% | |
| AXP |
American Express Co
PUT
+ SHARES
Financial Services
|
Added | 75,740 | $22,909,835 | 0.66% | |
| SNAP |
Snap Inc
Communication Services
|
Added | 4,727,808 | $21,747,916 | 0.62% | |
| WB |
WEIBO Corp
Communication Services
|
Added | 2,437,357 | $21,326,873 | 0.61% | |
| PLTR |
Palantir Technologies Inc.
PUT
+ SHARES
Technology
|
NEW | 139,421 | $20,394,503 | 0.58% | |
| CNNE |
Cannae Holdings, Inc.
Consumer Cyclical
|
Held | 1,714,994 | $19,499,481 | 0.56% | |
| GRX |
Gabelli Healthcare & WellnessRx Trust
Financial Services
|
Held | 2,118,201 | $19,169,719 | 0.55% | |
| NML |
Neuberger Energy Infrastructure & Income Fund Inc.
Financial Services
|
Added | 1,743,054 | $18,319,497 | 0.52% | |
| SABA |
Saba Capital Income & Opportunities Fund II
Financial Services
|
Held | 2,190,968 | $18,228,853 | 0.52% | |
| OXLC |
Oxford Lane Capital Corp.
Financial Services
|
NEW | 1,852,145 | $18,113,978 | 0.52% | |
| DMA |
Destra Multi-Alternative Fund
Financial Services
|
Held | 2,220,648 | $18,009,455 | 0.51% | |
| ECF |
Ellsworth Growth & Income Fund Ltd
Financial Services
|
Reduced | 1,604,273 | $17,887,643 | 0.51% | |
| JOF |
Japan Smaller Capitalization Fund Inc
Financial Services
|
Reduced | 1,601,806 | $17,459,685 | 0.50% | |
| BMBL |
Bumble Inc.
Communication Services
|
Held | 5,337,549 | $17,400,409 | 0.50% | |
| VLOS |
Velos Acquisition I Corp.
Financial Services
|
Added | 1,585,000 | $17,022,900 | 0.49% | |
| GLO |
Clough Global Opportunities Fund
Financial Services
|
Reduced | 3,028,131 | $16,866,689 | 0.48% | |
| AVX |
Avax One Technology Ltd.
Technology
|
NEW | 2,317,675 | $16,631,635 | 0.48% |