13F Insight
DOSSIER · 13F-HR · Q2 2026

Saba Capital Management, L.P.

$3.9B in tracked AUM across 400 positions as of Q2 2026.

SC
CIK 0001510281 · last filed Jun 30, 2026
Total AUM
$3.9B
as of Q2 2026
Holdings
400
—
positions
Whale Score
65
65
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026
Comprehensive Analysis of Saba Capital Management, L.P. SEC 13F Filing
Portfolio Overview

Saba Capital Management, L.P. reported a significant contraction in portfolio value for the quarter ended September 30, 2025. The total assets under management (AUM) decreased by 38.8%, falling from $4.26 billion to $2.60 billion. This reduction is attributable to a combination of active portfolio deleveraging, realized distributions, and potential market depreciation of underlying assets...

The fund's strategy appears to be deeply rooted in closed-end fund (CEF) arbitrage and income generation, with a specific focus on activist investing to unlock value in funds trading at discounts to net asset value (NAV). While the firm has historically maintained significant exposure to technology through CEFs and direct holdings, this quarter saw a distinct rotation away from broad tech exposure and specific mega-cap names toward a more concentrated mix of gold, income strategies, and specific high-growth tech names.

Key Holdings
Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
G3156P103
ASA GOLD AND PRECIOUS MTLS L
$307M5.9M7.9%02
ECAT
BLACKROCK ESG CAP ALLC TERM
$277M17.6M7.1%03
BSTZ
BLACKROCK SCIENCE & TECHNOLO
$171M5.7M4.4%04
NFJ
VIRTUS DIVIDEND INTEREST & P
$155M10.2M4.0%05
XGDVX
GABELLI DIVID & INCOME TR
$138M4.7M3.5%06
PDX
PIMCO DYNAMIC INCOME STRATEG
$134M6.4M3.4%07
NBXG
NEUBERGER NEXT GENERATION
$125M7.5M3.2%08
GAM
GENERAL AMERN INVS CO INC
$112M1.8M2.9%09
TSLA
TESLA INC
$111M264K2.9%10
AMD
ADVANCED MICRO DEVICES INC
$92M158K2.4%

Filing history

2026Q2Jun 30
$3.9B▲ 7.7%
400 positionsView →2026Q1Mar 31
$3.6B▲ 7.6%
390 positionsView →2025Q4Dec 31
$3.4B▲ 29.2%
350 positionsView →2025Q3Sep 30
$2.6B▼ 38.8%
252 positionsView →2025Q2Jun 30
$4.3B▲ 55.3%
322 positionsLocked2025Q1Mar 31
$2.7B▼ 35.8%
207 positionsLocked2024Q4Dec 31
$4.3B▼ 11.1%
286 positionsLocked2024Q3Sep 30
$4.8B▼ 20.2%
358 positionsLocked2024Q2Jun 30
$6.0B▲ 3.0%
385 positionsLocked2024Q1Mar 31
$5.8B▲ 17.4%
400 positionsLocked2023Q4Dec 31
$5.0B▲ 19.3%
494 positionsLocked2023Q3Sep 30
$4.2B▲ 8.5%
573 positionsLocked
Showing 12 of 60