Saba Capital Management, L.P.

Q1 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2025
Date filed
5/15/2025
Form type
13F-HR
Num holdings
270
Total value ($000)
$3,698,849
Net value change ($000)
-568,770 (-13.3%)
New positions
15
Sold out positions
17
Turnover %
3.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/14/2025 Next filing: 8/14/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ASA 32,278 49.1%
EVTL 14,110 NEW
MEGI 12,696 18.1%
BMEZ 10,376 3.5%
PDX 7,128 4.0%
GAM 6,731 9.0%
NBXG 6,565 7.5%
GDV 5,944 4.0%
BTT 5,923 53.3%
DAL 5,546 320.6%
Top Reduces (Value $000, Stocks/ETFs)
BTX -67,734 -15.1%
BSTZ -45,367 -34.3%
BCAT -36,245 -17.6%
ASGI -27,144 -60.2%
ADX -24,911 -22.7%
VMO -21,195 -100.0%
NXJ -19,768 -30.8%
AOD -19,615 -59.4%
NPCT -19,384 -74.9%
ECAT -17,164 -3.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 54,847 (1.5% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type