Saba Capital Management, L.P.
Registered adviserFiling Date
Global Rank
#1,074
/ 8,817
▼ 85
Top Industry
Asset Management
68.7%
Period ended 4 months ago
Filed Aug 14, 2026 · 2mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$18,303,991,573
Main clients
Pooled investment vehicles
(84% of AUM)
Private funds
12 funds
· Hedge funds
Focus by gross assets, Schedule D of Nov 12, 2024
$15,352,662,990 gross assets
Registered funds advised
2 series
(0 index, 0 ETFs)
$629,870,032 net assets· N-CEN Oct 31, 2025
LEI
YCZ8C13B1NIESD9DNZ63
Private funds on Schedule D 7.B.(1)
As filed Nov 12, 2024; SEC's bulk Form ADV archive ends with 2024 filings.
$11,901,159,839 gross assets in 13 funds
Hedge funds
$11,901,159,839
(13)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Jun 2026 to Oct 2026 | $18,303,991,573 | Pooled investment vehicles (84%) |
| Apr 2026 to May 2026 | $18,303,991,573 | Pooled investment vehicles (84%) |
| Mar 2026 | $17,012,727,997 | Pooled investment vehicles (85%) |
| Dec 2025 to Feb 2026 | $17,012,727,997 | Pooled investment vehicles (85%) |
| Apr 2025 to Sep 2025 | $17,012,727,997 | Pooled investment vehicles (85%) |
| Jun 2024 to Mar 2025 | $13,424,813,328 | Pooled investment vehicles (89%) |
10 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 48.6%, 30.8 effective positions, active share 95.5% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Medium turnover
50.4% over the last four quarters (30% to under 100%)
Horizon
Horizon unknown
The value-weighted holding period is at least 11.3 quarters, but 4.0% of the book was already held when coverage starts
Closest benchmark: every 13F filer's combined book, active share 95.5%; sector active share 75.1% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
350 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
8.2%
−2.2 pts
Top 5
27.9%
−2.4 pts
Top 10
43.1%
−2.4 pts
HHI
266
Diversified−46
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 74.7% | $2,805,874,472 |
| Technology | 10.6% | $398,800,281 |
| Consumer Cyclical | 5.4% | $203,286,526 |
| Communication Services | 4.1% | $152,456,615 |
| Industrials | 2.3% | $86,820,156 |
| Unclassified | 0.9% | $32,846,081 |
| Consumer Defensive | 0.6% | $22,791,711 |
| Real Estate | 0.5% | $19,871,090 |
| Healthcare | 0.5% | $18,731,586 |
| Basic Materials | 0.2% | $9,059,086 |
| Utilities | 0.1% | $5,198,099 |
| Energy | 0.0% | $841,337 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BTX | BlackRock Technology & Private Equity Term Trust | +2,352,190 | 3,116,387 | $28,140,974 | |
| BPRE | Bluerock Private Real Estate Fund | +1,976,013 | 6,742,126 | $87,715,059 | |
| CYH | Community Health Systems Inc | +1,600,330 | 2,882,169 | $9,626,444 | |
| GF | New Germany Fund Inc | +1,007,675 | 3,602,815 | $41,288,259 | |
| SPXX | Nuveen S&P 500 Dynamic Overwrite Fund | +830,599 | 2,368,022 | $44,139,930 | |
| HFRO | Highland Opportunities & Income Fund | +828,967 | 5,976,204 | $42,610,334 | |
| ZTR | Virtus Total Return Fund Inc. | +801,756 | 1,936,491 | $13,226,233 | |
| MFM | Aberdeen Municipal Income Fund | +758,143 | 1,023,943 | $5,754,559 | |
| FSK | FS KKR Capital Corp | +705,871 | 4,215,619 | $44,263,999 | |
| WB | WEIBO Corp | +670,169 | 3,107,526 | $22,560,638 | |
| WIW | Western Asset Inflation-Linked Opportunities & Income Fund | +613,324 | 753,909 | $6,332,835 | |
| BMEZ | BlackRock Health Sciences Term Trust | +588,696 | 1,348,202 | $20,694,900 | |
| CHW | Calamos Global Dynamic Income Fund | +561,537 | 683,781 | $6,092,488 | |
| KYN | Kayne Anderson Energy Infrastructure Fund, Inc. | +538,134 | 550,782 | $7,617,315 | |
| CAG | Conagra Brands Inc. | +521,516 | 683,124 | $9,194,849 | |
| MXF | Mexico Fund Inc | +495,802 | 2,260,134 | $49,429,130 | |
| GLO | Clough Global Opportunities Fund | +479,057 | 3,507,188 | $21,463,990 | |
| RMT | Royce Micro-Cap Trust, Inc. | +381,303 | 3,346,703 | $48,995,731 | |
| JOF | Japan Smaller Capitalization Fund Inc | +346,975 | 1,948,781 | $22,956,640 | |
| BCARW | D. Boral ARC Acquisition I Corp. | +291,374 | 397,682 | $0 | |
| EFR | Eaton Vance Senior Floating-Rate Trust | +282,697 | 544,453 | $5,771,201 | |
| HSDT | Solana Co | +250,841 | 316,051 | $521,484 | |
| BMBL | Bumble Inc. | +220,846 | 5,558,395 | $17,786,864 | |
| TASK | TaskUs, Inc. | +212,947 | 2,301,712 | $10,772,012 | |
| NML | Neuberger Energy Infrastructure & Income Fund Inc. | +208,597 | 1,951,651 | $19,789,741 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NAKA | Nakamoto Inc. | −4,676,629 | 119,912 | $473,652 | |
| ECAT | BlackRock ESG Capital Allocation Term Trust | −4,409,714 | 17,612,449 | $276,867,698 | |
| AVX | Avax One Technology Ltd. | −1,969,411 | 348,264 | $1,807,490 | |
| SABR | Sabre Corp | −1,779,844 | 4,710,309 | $9,844,545 | |
| EVTL | Vertical Aerospace Ltd. | −1,123,793 | 10,516,710 | $18,299,075 | |
| NWL | Newell Brands Inc. | −915,030 | 880,417 | $5,405,760 | |
| HQL | abrdn Life Sciences Investors | −869,251 | 78,095 | $1,562,680 | |
| UIS | Unisys Corp | −803,267 | 988,696 | $3,618,627 | |
| MEGI | NYLIM CBRE Global Infrastructure Megatrends Term Fund | −685,779 | 3,409,677 | $51,827,090 | |
| OIM | OneIM Acquisition Corp. | −509,783 | 1,001,863 | $10,088,760 | |
| — | −495,028 | 87,118 | $0 | ||
| GDV | Gabelli Dividend & Income Trust | −427,045 | 4,679,415 | $137,574,801 | |
| NCV | Virtus Convertible & Income Fund | −387,096 | 336,482 | $5,918,718 | |
| HPP | Hudson Pacific Properties, Inc. | −355,353 | 476,515 | $7,238,262 | |
| IPXG | Inflection Point Acquisition Corp. VII | −350,964 | 249,036 | $2,525,225 | |
| WENN | WEN Acquisition Corp | −350,000 | 713,222 | $7,339,054 | |
| SNAP | Snap Inc | −295,267 | 4,432,541 | $19,680,482 | |
| NCZ | Virtus Convertible & Income Fund II | −274,138 | 77,617 | $1,234,110 | |
| SAAQ | Space Asset Acquisition Corp. | −266,962 | 131,482 | $1,341,116 | |
| HQWWW | Horizon Quantum Holdings Ltd. | −201,154 | 11,200 | $179,200 | |
| HCMA | Hcm III Acquisition Corp. | −200,000 | 749,650 | $7,706,402 | |
| STHO | Star Holdings | −174,155 | 757,228 | $6,913,491 | |
| GLQ | Clough Global Equity Fund | −157,715 | 774,988 | $6,680,396 | |
| BW | Babcock & Wilcox Enterprises, Inc. | −156,105 | 145,000 | $2,044,500 | |
| PMTR | Perimeter Acquisition Corp. I | −154,938 | 649,940 | $6,772,374 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| EIDO | iShares MSCI Indonesia ETF | 2,413,286 | $27,294,264 | |
| RVT | Royce Small-Cap Trust, Inc. | 1,247,806 | $23,046,976 | |
| USA | Liberty All Star Equity Fund | 3,859,939 | $22,426,245 | |
| DXYZ | Destiny Tech100 Inc. | 644,280 | $16,596,652 | |
| WDAY | Workday, Inc. | 131,171 | $16,057,953 | |
| INTU | Intuit Inc. | 53,690 | $14,013,090 | |
| KPET | KPET Ultra Paceline Corp | 698,800 | $6,974,024 | |
| HACQ | HCM IV Acquisition Corp. | 640,000 | $6,419,200 | |
| EMO | ClearBridge Energy Midstream Opportunity Fund Inc. | 126,112 | $6,318,211 | |
| CAES | Cantor Equity Partners VII, Inc. | 600,000 | $6,054,000 | |
| YICCU | Yorkville International Capital Corp. | 600,000 | $6,024,000 | |
| MTAL | Metals Acquisition Corp. II | 564,436 | $5,729,025 | |
| ETW | Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 490,828 | $4,731,581 | |
| WLII | Willow Lane Acquisition Corp. II | 454,688 | $4,651,458 | |
| IPFX | Inflection Point Acquisition Corp. VI | 442,780 | $4,578,345 | |
| CPZ | Calamos Long/Short Equity & Dynamic Income Trust | 335,551 | $4,389,007 | |
| BGY | BlackRock Enhanced International Dividend Trust | 654,822 | $3,758,678 | |
| NHIV | NewHold Investment Corp IV | 350,000 | $3,500,000 | |
| CXII | Churchill Capital Corp XII | 300,000 | $3,195,000 | |
| KEYY | Keystone Acquisition Corp. | 299,995 | $2,957,950 | |
| JHX | James Hardie Industries plc | 110,325 | $2,888,308 | |
| BZH | Beazer Homes USA Inc | 98,452 | $2,761,578 | |
| CEG | Constellation Energy Corp | 10,813 | $2,685,624 | |
| IACQ | Irenic Acquisition Corp. | 250,000 | $2,497,500 | |
| ACAA | Averin Capital Acquisition Corp. | 250,000 | $2,490,000 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 300,000 | $32,697,000 | |
| OXLC | Oxford Lane Capital Corp. | 1,852,145 | $18,113,978 | |
| CRWD | CrowdStrike Holdings, Inc. | 39,056 | $15,247,852 | |
| QCOM | Qualcomm Inc | 112,852 | $14,533,080 | |
| — | 100,000 | $7,472,000 | ||
| HACQU | HCM IV Acquisition Corp. | 700,000 | $7,021,000 | |
| BOE | BlackRock Enhanced Global Dividend Trust | 566,317 | $6,206,834 | |
| IPFXU | Inflection Point Acquisition Corp. VI | 600,000 | $6,072,000 | |
| WLIIU | Willow Lane Acquisition Corp. II | 500,000 | $5,050,000 | |
| AFB | Alliancebernstein National Municipal Income Fund | 459,321 | $4,910,141 | |
| BDCI | BTC Development Corp. | 405,127 | $4,047,218 | |
| TMTSU | Spartacus Acquisition Corp. II | 400,000 | $4,016,000 | |
| QADRU | QDRO Acquisition Corp. | 400,000 | $3,964,000 | |
| RFMZ | RiverNorth Flexible Municipal Income Fund II, Inc. | 288,116 | $3,644,667 | |
| IACOU | Idea Acquisition Corp. | 350,000 | $3,468,500 | |
| EVOX | Evolution Global Acquisition Corp | 296,392 | $2,952,064 | |
| AMD | Advanced Micro Devices Inc | 12,681 | $2,579,695 | |
| ACAAU | Averin Capital Acquisition Corp. | 250,000 | $2,500,000 | |
| AACOU | Abony Acquisition Corp. I | 249,950 | $2,484,503 | |
| PURR | Hyperliquid Strategies Inc | 471,964 | $2,402,296 | |
| JFR | Nuveen Floating Rate Income Fund | 300,025 | $2,256,188 | |
| FUN | Six Flags Entertainment Corporation | 112,520 | $1,997,230 | |
| ILLUU | Illumination Acquisition Corp. I | 200,000 | $1,984,000 | |
| AACIU | Armada Acquisition Corp. III | 199,116 | $1,983,195 | |
| BHAVU | BHAV Acquisition Corp | 198,628 | $1,982,307 | |
| No positions match the current search. | ||||
350 tracked positions ·
$3,756,577,040 total
· filing declares
400 positions · $3,897,562,072
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 350 positions by value
· page 1 of 7
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ASA |
ASA Gold & Precious Metals Ltd
Financial Services
|
Held | 5,903,701 | $307,228,600 | 8.18% | |
| ECAT |
BlackRock ESG Capital Allocation Term Trust
Financial Services
|
Reduced | 17,612,449 | $276,867,698 | 7.37% | |
| BSTZ |
BlackRock Science & Technology Term Trust
Financial Services
|
Added | 5,696,873 | $171,077,096 | 4.55% | |
| NFJ |
Virtus Dividend, Interest & Premium Strategy Fund
Financial Services
|
Added | 10,216,703 | $155,191,718 | 4.13% | |
| GDV |
Gabelli Dividend & Income Trust
Financial Services
|
Reduced | 4,679,415 | $137,574,801 | 3.66% | |
| PDX |
PIMCO Dynamic Income Strategy Fund
Financial Services
|
Held | 6,416,087 | $133,582,931 | 3.56% | |
| NBXG |
Neuberger Next Generation Connectivity Fund Inc.
Financial Services
|
Held | 7,548,223 | $124,847,608 | 3.32% | |
| GAM |
General American Investors Co Inc
Financial Services
|
Reduced | 1,751,470 | $111,656,212 | 2.97% | |
| TSLA |
Tesla, Inc.
PUT
CALL
+ SHARES
Consumer Cyclical
|
Reduced | 264,337 | $111,180,142 | 2.96% | |
| AMD |
Advanced Micro Devices Inc
PUT
Technology
|
Reduced | 157,900 | $91,725,689 | 2.44% | |
| BPRE |
Bluerock Private Real Estate Fund
Financial Services
|
Added | 6,742,126 | $87,715,059 | 2.33% | |
| NVDA |
Nvidia Corp
PUT
+ SHARES
Technology
|
Reduced | 424,615 | $84,961,215 | 2.26% | |
| META |
Meta Platforms, Inc.
PUT
CALL
+ SHARES
Communication Services
|
Added | 132,775 | $74,790,829 | 1.99% | |
| PEO |
Adams Natural Resources Fund, Inc.
Financial Services
|
Added | 2,269,294 | $56,096,947 | 1.49% | |
| AAPL |
Apple Inc.
PUT
+ SHARES
Technology
|
Added | 185,681 | $53,728,654 | 1.43% | |
| MEGI |
NYLIM CBRE Global Infrastructure Megatrends Term Fund
Financial Services
|
Reduced | 3,409,677 | $51,827,090 | 1.38% | |
| MXF |
Mexico Fund Inc
Financial Services
|
Added | 2,260,134 | $49,429,130 | 1.32% | |
| RMT |
Royce Micro-Cap Trust, Inc.
Financial Services
|
Added | 3,346,703 | $48,995,731 | 1.30% | |
| FSK |
FS KKR Capital Corp
Financial Services
|
Added | 4,215,619 | $44,263,999 | 1.18% | |
| SPXX |
Nuveen S&P 500 Dynamic Overwrite Fund
Financial Services
|
Added | 2,368,022 | $44,139,930 | 1.18% | |
| HFRO |
Highland Opportunities & Income Fund
Financial Services
|
Added | 5,976,204 | $42,610,334 | 1.13% | |
| GF |
New Germany Fund Inc
Financial Services
|
Added | 3,602,815 | $41,288,259 | 1.10% | |
| LEO |
Bny Mellon Strategic Municipals, Inc.
Financial Services
|
Held | 6,076,820 | $39,256,257 | 1.05% | |
| BABA |
Alibaba Group Holding Ltd
PUT
+ SHARES
Consumer Cyclical
|
Added | 367,507 | $35,273,321 | 0.94% | |
| BA |
Boeing Co
PUT
+ SHARES
Industrials
|
Reduced | 161,506 | $34,961,203 | 0.93% | |
| DSM |
Bny Mellon Strategic Municipal Bond Fund, Inc.
Financial Services
|
Held | 5,179,441 | $31,853,562 | 0.85% | |
| APO |
Apollo Global Management, Inc.
Financial Services
|
Reduced | 245,078 | $28,995,178 | 0.77% | |
| BTX |
BlackRock Technology & Private Equity Term Trust
Financial Services
|
Added | 3,116,387 | $28,140,974 | 0.75% | |
| ARES |
Ares Management Corp
Financial Services
|
Added | 249,745 | $27,799,115 | 0.74% | |
| EIDO |
iShares MSCI Indonesia ETF
|
NEW | 2,413,286 | $27,294,264 | 0.73% | |
| TY |
TRI-CONTINENTAL Corp
Financial Services
|
Reduced | 689,725 | $23,740,334 | 0.63% | |
| RVT |
Royce Small-Cap Trust, Inc.
Financial Services
|
NEW | 1,247,806 | $23,046,976 | 0.61% | |
| JOF |
Japan Smaller Capitalization Fund Inc
Financial Services
|
Added | 1,948,781 | $22,956,640 | 0.61% | |
| CNNE |
Cannae Holdings, Inc.
Consumer Cyclical
|
Reduced | 1,582,225 | $22,784,040 | 0.61% | |
| WB |
WEIBO Corp
Communication Services
|
Added | 3,107,526 | $22,560,638 | 0.60% | |
| AXP |
American Express Co
PUT
+ SHARES
Financial Services
|
Reduced | 66,539 | $22,506,816 | 0.60% | |
| USA |
Liberty All Star Equity Fund
Financial Services
|
NEW | 3,859,939 | $22,426,245 | 0.60% | |
| MRVL |
Marvell Technology, Inc.
PUT
Technology
|
Reduced | 74,200 | $22,103,438 | 0.59% | |
| TWN |
Taiwan Fund Inc
Financial Services
|
Held | 226,694 | $21,801,161 | 0.58% | |
| GLO |
Clough Global Opportunities Fund
Financial Services
|
Added | 3,507,188 | $21,463,990 | 0.57% | |
| ECF |
Ellsworth Growth & Income Fund Ltd
Financial Services
|
Held | 1,604,273 | $21,192,446 | 0.56% | |
| BMEZ |
BlackRock Health Sciences Term Trust
Financial Services
|
Added | 1,348,202 | $20,694,900 | 0.55% | |
| GRX |
Gabelli Healthcare & WellnessRx Trust
Financial Services
|
Held | 2,118,201 | $20,016,999 | 0.53% | |
| NML |
Neuberger Energy Infrastructure & Income Fund Inc.
Financial Services
|
Added | 1,951,651 | $19,789,741 | 0.53% | |
| SNAP |
Snap Inc
Communication Services
|
Reduced | 4,432,541 | $19,680,482 | 0.52% | |
| PLTR |
Palantir Technologies Inc.
PUT
+ SHARES
Technology
|
Added | 162,169 | $18,920,257 | 0.50% | |
| EVTL |
Vertical Aerospace Ltd.
Industrials
|
Reduced | 10,516,710 | $18,299,075 | 0.49% | |
| SABA |
Saba Capital Income & Opportunities Fund II
Financial Services
|
Held | 2,190,968 | $18,294,582 | 0.49% | |
| IIF |
Morgan Stanley India Investment Fund, Inc.
Financial Services
|
Added | 782,728 | $17,861,852 | 0.48% | |
| JBLU |
Jetblue Airways Corp
PUT
Industrials
|
NEW | 3,113,800 | $17,842,074 | 0.47% |
Showing the top 50 of 350 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.