1y return+6.1%S&P 500 +20.9%
3y return+18.9%S&P 500 +68.5%
5y return+22.3%S&P 500 +74.5%
10y return+49.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $150 against $357 in the S&P 500.2
Saba Capital Management, L.P.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Asa Gold And Precious Mtls LCUSIP G3156P103 | $307.2M | 9.4% | |
| ECATBlackrock Esg Cap Allc Term | $276.9M | 8.5% | −20.0% |
| BSTZBlackrock Science & Technolo | $171.1M | 5.2% | +3.0% |
| NFJVirtus Dividend Interest & P | $155.2M | 4.8% | |
| XGDVXGabelli Divid & Income Tr | $137.6M | 4.2% | −8.4% |
| PDXPimco Dynamic Income Strateg | $133.6M | 4.1% | |
| NBXGNeuberger Next Generation | $124.8M | 3.8% | |
| GAMGeneral Amern Invs Co Inc | $111.7M | 3.4% | −4.8% |
| BPREBluerock Pvt Real Estate Fd | $87.7M | 2.7% | +41.5% |
| PEOAdam Nat Res Fd Inc | $56.1M | 1.7% | |
| MEGINyli Cbre Gbl Infr Megtrnds | $51.8M | 1.6% | −16.7% |
| MXFMexico Fd Inc | $49.4M | 1.5% | +28.1% |
| RMTRoyce Micro-cap Tr Inc | $49.0M | 1.5% | +12.9% |
| FSKFs Kkr Cap Corp | $44.3M | 1.4% | +20.1% |
| XSSPXNuveen S&p 500 Dynamic Overw | $44.1M | 1.4% | +54.0% |
| HFROHighland Opps & Income Fd | $42.6M | 1.3% | +16.1% |
| GFNew Germany Fd Inc | $41.3M | 1.3% | +38.8% |
| LEOBny Mellon Strategic Muns In | $39.3M | 1.2% | |
| DSMBny Mellon Strategic Mun Bd | $31.9M | 1.0% | |
| APOApollo Global Mgmt Inc | $29.0M | 0.9% | −8.4% |
| BTXBlackrock Tech And Private E | $28.1M | 0.9% | +307.8% |
| ARESAres Management Corporation | $27.8M | 0.9% | +3.6% |
| EIDOIshares Tr | $27.3M | 0.8% | New |
| TYTri Contl Corp | $23.7M | 0.7% | −6.2% |
| RVTRoyce Small Cap Trust Inc | $23.0M | 0.7% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Asa Gold And Precious Mtls LCUSIP G3156P103 | December 31, 2022 | +263.7% | $307.2M |
| TWNTaiwan Fd Inc | December 31, 2021 | +156.0% | $21.8M |
| GAMGeneral Amern Invs Co Inc | June 30, 2020 | +100.4% | $111.7M |
| BSTZBlackrock Science & Technolo | December 31, 2022 | +92.0% | $171.1M |
| PDXPimco Dynamic Income Strateg | December 31, 2021 | +61.6% | $133.6M |
| RMTRoyce Micro-cap Tr Inc | June 30, 2024 | +59.3% | $49.0M |
| NMLNeuberger Engy Infrstr & Inc | March 31, 2022 | +57.5% | $19.8M |
| JOFJapan Smaller Capitalization | December 31, 2023 | +55.2% | $23.0M |
| HFROHighland Opps & Income Fd | June 30, 2025 | +37.1% | $42.6M |
| BTXBlackrock Tech And Private E | March 31, 2026 | +36.8% | $28.1M |
Sold off last quarter
- LQDIshares Tr was $32.7M
- OXLCOxford Lane Cap Corp was $18.1M
- CRWDCrowdstrike Hldgs Inc was $15.2M
- QCOMQualcomm Inc was $14.5M
- VCLTVanguard Scottsdale Fds was $7.5M
- Hcm Iv Acquisition CorpCUSIP G4365S128 was $7.0M
- Kpet Ultra Paceline CorpCUSIP G53157122 was $7.0M
- XBOEXBlackrock Enhanced Global was $6.2M
- Inflection Pt Acquisit CorpCUSIP G4790S123 was $6.1M
- Metals Acquisition Corp IICUSIP G60420125 was $5.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.0% | +14.8% |
| March 31, 2026 | −2.4% | −4.6% |
| December 31, 2025 | −1.5% | +2.4% |
| September 30, 2025 | +3.2% | +7.8% |
| June 30, 2025 | +5.3% | +10.5% |
| March 31, 2025 | −2.5% | −4.6% |
| December 31, 2024 | −5.1% | +2.1% |
| September 30, 2024 | +4.3% | +5.4% |
| June 30, 2024 | +0.3% | +4.0% |
| March 31, 2024 | +6.1% | +10.0% |
| December 31, 2023 | +7.2% | +11.2% |
| September 30, 2023 | −3.4% | −3.6% |
| June 30, 2023 | +1.1% | +8.3% |
| March 31, 2023 | +2.0% | +7.0% |
| December 31, 2022 | +1.6% | +7.1% |
| September 30, 2022 | −0.1% | −5.3% |
| June 30, 2022 | −1.2% | −16.5% |
| March 31, 2022 | −0.2% | −4.9% |
| December 31, 2021 | −0.1% | +10.7% |
| September 30, 2021 | −0.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Saba Capital Management, L.P. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1510281&type=13F-HR&dateb=&owner=include&count=40CIK 1510281
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1510281/000106299326004420/Filed August 14, 2026 · accession 0001062993-26-004420