Saba Capital Management, L.P.
Long book
$3.09B
Q1 2026
Positions
362
Top-10 weight
50%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
34%
of book per quarter
Strategy in plain words
auto-generated from filingsSaba Capital Management, L.P. is an institutional manager, running a $3.09B US long book across 362 positions.
The portfolio is moderately concentrated (top 10 ≈ 50% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ASA GOLD AND PRECIOUS METALS, BLACKROCK ESG CAP ALL TRM TR, PIMCO DYNAMIC INCOME STRAT, GABELLI DIVIDEND & INCOME TR, VIRTUS DVD INTRST & PRM STR.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.8%
Q2 2024
+6.7%
Q3 2024
-1.9%
Q4 2024
-0.3%
Q1 2025
+7.8%
Q2 2025
+2.9%
Q3 2025
+1.6%
Q4 2025
-0.8%
Q1 2026
+9.3%
Sector allocation
Financials 41%
Technology 27%
Industrials 11%
Other 9%
Consumer discretionary 4%
Healthcare 2%
Consumer staples 2%
Real estate 1%
Long book by quarter
What does Saba Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FSK FS KKR CAPITAL CORP | — | 3.5M | $35.7M | 1.2% | New |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 267.7K | $29.8M | 1.0% | New |
| TSLA TESLA INC | Industrials | 78.9K | $29.3M | 0.9% | +334.3% |
| ARES ARES MANAGEMENT CORP - A | Financials | 241.1K | $26.3M | 0.9% | New |
| EVTL VERTICAL AEROSPACE LTD | Industrials | 11.6M | $25.7M | 0.8% | +194.8% |
| BX BLACKSTONE INC | Financials | 211.1K | $24.3M | 0.8% | New |
| SNAP SNAP INC - A | Technology | 4.7M | $21.7M | 0.7% | +232.5% |
| META META PLATFORMS INC-CLASS A | Technology | 35.6K | $20.4M | 0.7% | +1051.6% |
| NVDA NVIDIA CORP | Technology | 114.1K | $19.9M | 0.6% | +199.6% |
| CNNE CANNAE HOLDINGS INC | Consumer discretionary | 1.7M | $19.5M | 0.6% | Held |
| BMBL BUMBLE INC-A | Technology | 5.3M | $17.4M | 0.6% | Held |
| MBAV M3-BRIGADE ACQUISITION V-A | Financials | 1.6M | $17.0M | 0.6% | +11039.2% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 39.1K | $15.2M | 0.5% | +59.7% |
| OIM ONEIM ACQUISITION CL-A | Financials | 1.5M | $15.1M | 0.5% | New |
| BA BOEING CO/THE | Industrials | 74.0K | $14.7M | 0.5% | +143.4% |
| QCOM QUALCOMM INC | Technology | 112.9K | $14.5M | 0.5% | +296.5% |
| RDAG REPUBLIC DIGITAL ACQUIS-CL A | Financials | 1.4M | $14.3M | 0.5% | -15.2% |
| TASK TASKUS INC-A | Technology | 2.1M | $14.0M | 0.5% | New |
| PAGS PAGSEGURO DIGITAL LTD-CL A | Technology | 1.3M | $13.0M | 0.4% | Held |
| WENN WEN ACQUISITION CORP-A | Financials | 1.1M | $10.8M | 0.4% | -32.0% |
| HCMA HCM III ACQUISITION COR-CL A | Financials | 949.6K | $9.6M | 0.3% | Held |
| SABR SABRE CORP | Technology | 6.5M | $9.4M | 0.3% | -26.9% |
| AAPL APPLE INC | Technology | 36.5K | $9.3M | 0.3% | +33.5% |
| SHOP SHOPIFY INC - CLASS A | Technology | 70.6K | $8.4M | 0.3% | +149.6% |
| PMTR PERIMETER ACQUIS CORP I CL A | Financials | 804.9K | $8.3M | 0.3% | -23.8% |
| AXP AMERICAN EXPRESS CO | Financials | 24.7K | $7.5M | 0.2% | +1876.0% |
| STHO STAR HOLDINGS | Real estate | 931.4K | $7.1M | 0.2% | -0.9% |
| CPB THE CAMPBELL'S COMPANY | Consumer staples | 315.4K | $7.0M | 0.2% | +556.6% |
| NWL NEWELL BRANDS INC | Other | 1.8M | $6.2M | 0.2% | +183.9% |
| DAAQ DIGITAL ASSET ACQUISITI-CL A | Financials | 600.0K | $6.1M | 0.2% | -29.4% |
| FL3 REAL ASSET ACQUISITION | — | 582.1K | $6.1M | 0.2% | -27.0% |
| ETOR ETORO GROUP LTD-A | Financials | 203.3K | $6.1M | 0.2% | +156.2% |
| FVAV FORTRESS VALUE ACQUIS V-CL A | Financials | 600.0K | $6.0M | 0.2% | New |
| CMII COLUMBUS CIRCLE CAPITAL CO-A | Financials | 600.0K | $5.9M | 0.2% | New |
| RNGT RANGE CAPITAL ACQUISIT CL A | Financials | 575.0K | $5.8M | 0.2% | -20.7% |
| EVAC EQV VENTURES ACQUISITION C-A | Financials | 559.7K | $5.6M | 0.2% | -26.3% |
| BCSS BAIN CAPITAL GSS INV- A | Financials | 535.6K | $5.4M | 0.2% | Held |
| BLZR TRAILBLAZER ACQUISITION-CL A | Financials | 536.2K | $5.4M | 0.2% | -31.8% |
| ONCH 1RT ACQUISITION CORP-A | Financials | 524.9K | $5.3M | 0.2% | -32.3% |
| CAEP CANTOR EQUITY PARTNERS III-A | — | 500.0K | $5.2M | 0.2% | Held |
| CCII COHEN CIRCLE ACQUISIT II - A | Financials | 499.9K | $5.1M | 0.2% | -26.9% |
| SVIV SPRING VALLEY ACQUISITIO-A | Financials | 511.5K | $5.1M | 0.2% | New |
| CEPV CANTOR EQUITY PARTNERS-CL A | Financials | 500.0K | $5.0M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 390 | $3.62B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 350 | $3.37B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 329 | $3.66B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 322 | $4.26B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 270 | $3.70B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 286 | $4.27B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 358 | $4.80B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 385 | $6.01B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 400 | $5.84B | canonical | SEC ↗ |
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