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Livermore
Livermore
ZHEN

Saba Capital Management, L.P.

SEC CIK
0001510281
Latest filing
Aug 14, 2026

The latest 13F from Saba Capital Management, L.P. covers Q2 2026 (filed Aug 14, 2026): 377 long positions worth $3.27B. The top 10 holdings make up 47.8% of the portfolio, and the largest is ASA Gold & Precious Metals Ltd (ASA) at 9.4%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
82
Est. +$269.3M
Added
63
Est. +$209.0M
Reduced
82
Est. −$278.4M
Sold out
72
Est. −$230.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. ASAASA Gold & Precious Metals Ltd
    9.4%$307.2MHistory
  2. ECATBlackRock ESG Capital Allocation Term Trust
    8.5%$276.9MHistory
  3. BSTZBlackRock Science & Technology Term Trust
    5.2%$171.1MHistory
  4. NFJVirtus Dividend, Interest & Premium Strategy Fund
    4.7%$155.2MHistory
  5. GDVGabelli Dividend & Income Trust
    4.2%$137.6MHistory

Share of portfolio

Top 5 holdings and the other 372 positions, by share of portfolio value

  1. ASA9.4%
  2. ECAT8.5%
  3. BSTZ5.2%
  4. NFJ4.7%
  5. GDV4.2%
  6. Other 372 positions68.0%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46429B309
    +$27.3MNew
  2. BPREBluerock Private Real Estate Fund
    +$25.7MAddedHistory
  3. RVTRoyce Small-Cap Trust, Inc.
    +$23.0MNewHistory
  4. USALiberty All Star Equity Fund
    +$22.4MNewHistory
  5. BTXBlackRock Technology & Private Equity Term Trust
    +$21.2MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BSTZBlackRock Science & Technology Term Trust
    +1.31 pp3.9% → 5.2%History
  2. iShares Tr46429B309
    +0.83 pp0.0% → 0.8%
  3. RVTRoyce Small-Cap Trust, Inc.
    +0.70 pp0.0% → 0.7%History
  4. BTXBlackRock Technology & Private Equity Term Trust
    +0.70 pp0.2% → 0.9%History
  5. USALiberty All Star Equity Fund
    +0.69 pp0.0% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ECATBlackRock ESG Capital Allocation Term Trust
    −$69.3MReducedHistory
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −$32.7MSold out
  3. TSLATesla, Inc.
    −$19.8MReducedHistory
  4. OXLCOxford Lane Capital Corp.
    −$18.1MSold outHistory
  5. HQLabrdn Life Sciences Investors
    −$17.4MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ECATBlackRock ESG Capital Allocation Term Trust
    −1.12 pp9.6% → 8.5%History
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −1.05 pp1.0% → 0.0%
  3. OXLCOxford Lane Capital Corp.
    −0.58 pp0.6% → 0.0%History
  4. TSLATesla, Inc.
    −0.53 pp0.9% → 0.4%History
  5. CRWDCrowdStrike Holdings, Inc.
    −0.49 pp0.5% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.27B
+$149.5M (+4.8%) vs. prior quarter
Positions
377
+10 vs. prior quarter
Top 10 concentration
47.8%
Top 10 as share of value
Turnover
15.0%
Q2 2026, one quarter
Average holding period
10.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $7.53B (Q3 2022)

Q1 2021: $2.45BQ2 2021: $2.70BQ3 2021: $3.13BQ4 2021: $4.93BQ1 2022: $5.97BQ2 2022: $7.42BQ3 2022: $7.53BQ4 2022: $5.95BQ1 2023: $4.12BQ2 2023: $3.04BQ3 2023: $3.14BQ4 2023: $4.07BQ1 2024: $4.56BQ2 2024: $4.55BQ3 2024: $4.55BQ4 2024: $3.98BQ1 2025: $3.64BQ2 2025: $3.67BQ3 2025: $3.03BQ4 2025: $2.98BQ1 2026: $3.12BQ2 2026: $3.27B
Q1 2021Q2 2026
13F filings of Saba Capital Management, L.P. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026377$3.27BASAECATBSTZvs. Q1 2026SEC
Q1 2026May 15, 2026367$3.12BASAECATPDXvs. Q4 2025SEC
Q4 2025Feb 17, 2026330$2.98BECATASAGDVvs. Q3 2025SEC
Q3 2025Nov 14, 2025306$3.03BECATASAPDXvs. Q2 2025SEC
Q2 2025Aug 14, 2025304$3.67BECATBTXPDXvs. Q1 2025SEC
Q1 2025May 15, 2025268$3.64BECATBTXBMEZvs. Q4 2024SEC
Q4 2024Feb 14, 2025281$3.98BECATBTXBMEZvs. Q3 2024SEC
Q3 2024Nov 14, 2024350$4.55BECATBTXBMEZvs. Q2 2024SEC
Q2 2024Aug 14, 2024376$4.55BECATBTXBMEZvs. Q1 2024SEC
Q1 2024May 15, 2024385$4.56BECATBTXBMEZvs. Q4 2023SEC
Q4 2023Feb 14, 2024460$4.07BECATBTXBMEZvs. Q3 2023SEC
Q3 2023Nov 14, 2023541$3.14BECATBTXBCATvs. Q2 2023SEC
Q2 2023Aug 14, 2023602$3.04BECATSABABTXvs. Q1 2023SEC
Q1 2023May 15, 2023737$4.12BSABAECATBTXvs. Q4 2022SEC
Q4 2022Feb 14, 2023894$5.95BSABAECATBCATvs. Q3 2022SEC
Q3 2022Nov 16, 2022Amended1,097$7.53BSABAKKR Acquisition Holding I CoECATvs. Q2 2022SEC
Q2 2022Aug 15, 20221,084$7.42BSABAKKR Acquisition Holding I CoAusterlitz Acquisition Corpvs. Q1 2022SEC
Q1 2022Jun 3, 2022Amended943$5.97BSABABRWFtac Zeus Acquisition Corvs. Q4 2021SEC
Q4 2021Feb 14, 2022725$4.93BSABABRWVVRvs. Q3 2021SEC
Q3 2021Nov 15, 2021509$3.13BSABAVTAVVRvs. Q2 2021SEC
Q2 2021Aug 16, 2021423$2.70BSABABRWVTAvs. Q1 2021SEC
Q1 2021May 17, 2021421$2.45BSABAVoya Prime Rate TrVTA–SEC

13D and 13G filings

Companies where Saba Capital Management, L.P. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

37 companies, largest stake first.

Companies where Saba Capital Management, L.P. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
ASAASA Gold & Precious Metals Ltd13D/A32.16%5.90M shares+0.25 ppfrom 31.91%Jun 15, 202328 filingsAug 3, 2026SEC
DMADestra Multi-Alternative Fund13D/A24.94%2.24M shares+1.08 ppfrom 23.86%Aug 10, 202314 filingsSep 10, 2025SEC
GFNew Germany Fund Inc13D/A21.96%3.56M shares+1.17 ppfrom 20.79%Sep 9, 202414 filingsJun 16, 2026SEC
BMEZBlackRock Health Sciences Term Trust13D/A19.98%20.8M shares–May 26, 202316 filingsJan 21, 2025SEC
MXFMexico Fund Inc13D/A15.50%2.23M shares+1.17 ppfrom 14.33%Jun 18, 20258 filingsJun 16, 2026SEC
IAEVoya Asia Pacific High Dividend Equity Income Fund13D/A15.06%1.62M shares−0.84 ppfrom 15.90%May 8, 20254 filingsMay 8, 2026SEC
PDXPIMCO Dynamic Income Strategy Fund13G/A14.35%6.42M shares0.00 ppfrom 14.35%Oct 20, 202213 filingsAug 13, 2026SEC
GRXGabelli Healthcare & WellnessRx Trust13D/A14.32%2.16M shares+1.02 ppfrom 13.30%Mar 12, 20246 filingsAug 28, 2026SEC
HCMAHCM III Acquisition Corp.13G12.81%3.24M sharesNewAug 5, 20251 filingAug 5, 2025SEC
ECATBlackRock ESG Capital Allocation Term Trust13D/A12.66%12.6M shares−1.01 ppfrom 13.67%Nov 1, 202241 filingsSep 21, 2026SEC
ECFEllsworth Growth & Income Fund Ltd13D/A12.29%1.68M shares+1.04 ppfrom 11.25%Jun 10, 202210 filingsNov 10, 2025SEC
NFJVirtus Dividend, Interest & Premium Strategy Fund13D/A10.99%10.2M shares+0.50 ppfrom 10.49%Jun 14, 20247 filingsApr 21, 2026SEC
HFROHighland Opportunities & Income Fund13D/A10.47%5.80M shares+1.07 ppfrom 9.40%Aug 4, 20256 filingsJun 4, 2026SEC
DSMBNY Mellon Strategic Municipal Bond Fund, Inc.13D/A10.31%5.18M shares0.00 ppfrom 10.31%Dec 29, 20237 filingsDec 31, 2025SEC
EVTLVertical Aerospace Ltd.13G/A10.30%14.7M shares−1.72 ppfrom 12.02%Jan 30, 20258 filingsAug 13, 2026SEC
LEOBNY Mellon Strategic Municipals, Inc.13D/A9.76%6.08M shares0.00 ppfrom 9.76%Jun 12, 20247 filingsDec 31, 2025SEC
NBXGNeuberger Next Generation Connectivity Fund Inc.13D/A9.69%7.63M shares+0.21 ppfrom 9.48%Apr 3, 20238 filingsMar 7, 2025SEC
IIFMorgan Stanley India Investment Fund, Inc.13D/A9.04%853.7K shares+1.04 ppfrom 8.00%Aug 14, 20249 filingsJul 30, 2026SEC
JOFJapan Smaller Capitalization Fund Inc13D/A8.80%2.49M shares+1.07 ppfrom 7.73%Mar 10, 202510 filingsSep 23, 2026SEC
DMBBNY Mellon Municipal Bond Infrastructure Fund, Inc.13D/A8.50%1.57M shares+0.10 ppfrom 8.40%Jun 12, 20246 filingsApr 14, 2026SEC
PEOAdams Natural Resources Fund, Inc.13D/A8.31%2.29M shares−1.73 ppfrom 10.04%Aug 11, 20239 filingsMar 30, 2026SEC
GLOClough Global Opportunities Fund13D/A8.18%3.50M shares+1.06 ppfrom 7.12%Aug 8, 20244 filingsMay 11, 2026SEC
SABASaba Capital Income & Opportunities Fund II13D/A8.08%2.24M shares−2.23 ppfrom 10.31%Jan 14, 202128 filingsDec 2, 2025SEC
BSTZBlackRock Science & Technology Term Trust13D/A7.94%5.46M shares+1.13 ppfrom 6.81%Feb 5, 202411 filingsMar 17, 2026SEC
IHDVoya Emerging Markets High Dividend Equity Fund13D/A7.36%1.31M shares−0.29 ppfrom 7.65%Dec 20, 20246 filingsMay 8, 2026SEC

Showing the 25 largest of 37 stakes.

Latest filings

1,945 filings on file made by Saba Capital Management, L.P. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Saba Capital Management, L.P.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ZTRVirtus Total Return Fund Inc.Sep 30, 20268:07 AM ET13D5.04%2.52M sharesNewSep 28, 2026SEC
JOFJapan Smaller Capitalization Fund IncSep 23, 202611:00 AM ET13D/A8.80%2.49M shares+1.07 ppfrom 7.73%Sep 21, 2026SEC
ECATBlackRock ESG Capital Allocation Term TrustSep 21, 20263:36 PM ET13D/A12.66%12.6M shares−1.01 ppfrom 13.67%Sep 18, 2026SEC
ECATBlackRock ESG Capital Allocation Term TrustSep 2, 202611:58 AM ET13D/A13.67%13.6M shares−1.08 ppfrom 14.75%Aug 31, 2026SEC
JOFJapan Smaller Capitalization Fund IncAug 31, 20264:36 PM ET13D/A7.73%2.19M shares+1.00 ppfrom 6.73%Aug 28, 2026SEC
GRXGabelli Healthcare & WellnessRx TrustAug 28, 202611:48 AM ET13D/A14.32%2.16M shares+1.02 ppfrom 13.30%Aug 27, 2026SEC
BPREBluerock Private Real Estate FundAug 27, 202611:54 AM ET13D/A5.12%7.32M shares+0.09 ppfrom 5.03%Aug 26, 2026SEC
AVXAvax One Technology Ltd.Aug 19, 20264:25 PM ET13G5.11%378.0K sharesNewAug 13, 2026SEC
MEGINYLI CBRE Global Infrastructure Megatrends Term FundAug 18, 20265:22 PM ET13D/A5.63%2.93M shares−1.03 ppfrom 6.66%Aug 17, 2026SEC
PDXPIMCO Dynamic Income Strategy FundAug 13, 20264:40 PM ET13G/A14.35%6.42M shares0.00 ppfrom 14.35%Jun 30, 2026SEC
EVTLVertical Aerospace Ltd.Aug 13, 20264:37 PM ET13G/A10.30%14.7M shares−1.72 ppfrom 12.02%Jun 30, 2026SEC
TASKTaskUs, Inc.Aug 13, 20264:35 PM ET13G/A4.25%1.56M shares−2.03 ppfrom 6.28%Below 5%Aug 6, 2026SEC
SKYASkyAI, Inc.Aug 13, 20264:29 PM ET13G/A6.85%3.05M shares−0.10 ppfrom 6.95%Jun 30, 2026SEC
RDAGRepublic Digital Acquisition CoAug 13, 20264:29 PM ET13G/A4.15%1.25M shares−3.43 ppfrom 7.58%Below 5%Jun 30, 2026SEC
WENNWWEN Acquisition CorpAug 13, 20264:26 PM ET13G/A2.38%713.2K shares−4.22 ppfrom 6.60%Below 5%Jun 30, 2026SEC
OIMAUOneIM Acquisition Corp.Aug 13, 20264:21 PM ET13G/A3.46%1.00M shares−2.97 ppfrom 6.43%Below 5%Jun 30, 2026SEC
VLOSVelos Acquisition I Corp.Aug 13, 20264:18 PM ET13G/A5.51%1.58M shares0.00 ppfrom 5.51%Jun 30, 2026SEC
TASKTaskUs, Inc.Aug 13, 20263:52 PM ET13G/A6.28%2.30M shares+0.56 ppfrom 5.72%Jun 30, 2026SEC
ECATBlackRock ESG Capital Allocation Term TrustAug 13, 202611:58 AM ET13D/A14.75%14.7M shares−1.13 ppfrom 15.88%Aug 12, 2026SEC
RMTRoyce Micro-Cap Trust, Inc.Aug 5, 20268:49 PM ET13D/A7.08%3.79M shares+1.00 ppfrom 6.08%Aug 4, 2026SEC