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Asset Manager ← All Institutions

Saba Capital Management, L.P.

Q4 2025 · Filed 2026-02-17
Market Value
$2.7B
-5.3%
Holdings
275
+19
New Purchases
52
Added To
50
Closed
50
Reduced
49
Top 10 Concentration
57.1%
Turnover
37.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ASA 12.04% 7.56% +4.48% $322M
BSTZ 3.86% 2.90% +0.95% $103M
RMT 1.02% 0.52% +0.50% $27M
MXF 1.28% 0.89% +0.38% $34M
DIAX 0.91% 0.55% +0.37% $24M
MESHU 0.36% 0.00% +0.36% $9M
GLL 0.35% 0.00% +0.35% $9M
HCACU 0.33% 0.00% +0.33% $9M
NML 0.45% 0.14% +0.31% $12M
BLZR 0.29% 0.00% +0.29% $8M
BABA 0.29% 0.00% +0.29% $8M
AAPL 0.28% 0.00% +0.28% $7M
RFMZ 0.29% 0.01% +0.28% $8M
AEAQU 0.26% 0.00% +0.26% $7M
CAF 0.41% 0.16% +0.25% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PDX 4.78% 6.62% -1.84% $128M
EVM 0.00% 1.53% -1.53% $0
ENX 0.00% 1.36% -1.36% $0
ADX 0.00% 1.06% -1.06% $0
ECAT 15.16% 16.17% -1.00% $405M
NQP 1.33% 2.01% -0.67% $36M
TEAF 0.00% 0.65% -0.65% $0
BCAT 0.00% 0.57% -0.57% $0
BFZ 0.52% 1.07% -0.55% $14M
BCX 0.00% 0.45% -0.45% $0
MEGI 2.88% 3.26% -0.38% $77M
NBH 0.04% 0.37% -0.33% $1M
NMAI 0.04% 0.34% -0.30% $982K
BCSS 0.00% 0.29% -0.29% $0
GNT 0.00% 0.26% -0.26% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 12 $43M 1.6%
Large Cap 23 $63M 2.4%
Mid Cap 29 $255M 9.5%
Small Cap 87 $1.9B 72.2%
Micro Cap 124 $382M 14.3%

Portfolio Analytics

Avg Market Cap
$75.5B
Median Market Cap
$346M
Avg P/E
31.3
Median P/E
13.3
Avg Dividend Yield
0.04%
Avg Beta
0.94
# Stocks
204
# ETFs / Funds
71

Top Holdings (275 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ECAT 15.16% 26,336,257 $405M $15.38 -$51M -1,464,467 -5.3%
2 ASA 12.04% 5,391,713 $322M $59.67 $108M +735,036 +15.8%
3 GDV 5.98% 5,751,258 $160M $27.77 -$6M -363,054 -5.9%
4 PDX 4.78% 6,796,130 $128M $18.78 -$59M -693,077 -9.2%
5 GAM 4.59% 2,085,885 $123M $58.73 -$5M +44,324 +2.2%
6 NBXG 4.16% 7,695,235 $111M $14.44 -$8M -26,169 -0.3%
7 BSTZ 3.86% 4,557,491 $103M $22.61 $21M +863,496 +23.4%
8 MEGI 2.88% 5,593,758 $77M $13.76 -$15M -666,211 -10.6%
9 PEO 2.20% 2,698,250 $59M $21.74 $829K +10,926 +0.4%
10 LEO 1.45% 6,076,820 $39M $6.36 $3M +378,001 +6.6%
11 NQP 1.33% 2,998,620 $36M $11.89 -$21M -1,720,246 -36.5%
12 HQL 1.33% 2,117,174 $36M $16.78 -$5M -469,478 -18.1%
13 MXF 1.28% 1,691,300 $34M $20.14 $9M +413,606 +32.4%
14 DSM 1.20% 5,179,441 $32M $6.17 $1M +26,850 +0.5%
15 BOE 1.12% 2,555,063 $30M $11.71 $2M +160,525 +6.7%
16 AFB 1.12% 2,760,256 $30M $10.82 -$4M -321,043 -10.4%
17 HFRO 1.05% 4,674,016 $28M $5.98 $4M +944,136 +25.3%
18 RMT 1.02% 2,614,909 $27M $10.43 $13M +1,206,828 +85.7%
19 CNNE 1.01% 1,714,994 $27M $15.73 $1M +323,531 +23.2%
20 GF 0.95% 2,210,555 $25M $11.42 $3M +256,443 +13.1%
21 IIF 0.92% 988,924 $25M $24.98 -$2M -28,028 -2.8%
22 DIAX 0.91% 1,599,746 $24M $15.26 $9M +565,320 +54.6%
23 RVT 0.87% 1,437,153 $23M $16.10 $489K +32,980 +2.4%
24 TY 0.86% 701,601 $23M $32.66 $893K +53,917 +8.3%
25 EVTL 0.79% 3,949,044 $21M $5.33 -$219K -148,813 -3.6%
26 WB 0.77% 2,015,063 $21M $10.22 -$4M
27 GRX 0.76% 2,118,201 $20M $9.63 $2M +67,166 +3.3%
28 DMA 0.75% 2,220,648 $20M $8.97 $608K -14,496 -0.7%
29 ECF 0.73% 1,680,620 $20M $11.63 $577K +45,368 +2.8%
30 BMBL 0.71% 5,337,549 $19M $3.57 -$2M +1,838,923 +52.6%
31 JOF 0.68% 1,632,530 $18M $11.08 -$6M -644,054 -28.3%
32 SABA 0.68% 2,190,968 $18M $8.25 -$6M -438,834 -16.7%
33 GLO 0.65% 3,045,940 $17M $5.66 $2M +377,341 +14.1%
34 DMB 0.64% 1,565,016 $17M $10.99 $4M +315,971 +25.3%
35 RDAGU 0.62% 1,645,960 $17M $10.13 -$181K -4,040 -0.2%
36 WENN 0.59% 1,563,222 $16M $10.10 -$31K
37 BFZ 0.52% 1,299,311 $14M $10.74 -$16M -1,468,713 -53.1%
38 IAE 0.50% 1,816,687 $13M $7.28 -$400K
39 PAGS 0.47% 1,293,415 $12M $9.64 -$466K
40 TWN 0.45% 226,694 $12M $53.38 -$168K
41 SABR 0.45% 8,879,182 $12M $1.36 $1M +2,828,617 +46.8%
42 NML 0.45% 1,416,482 $12M $8.50 $8M +952,479 +205.3%
43 SNAP 0.43% 1,421,784 $11M $8.07 $512K
44 CRWD 0.43% 24,449 $11M $468.76 $6M +12,710 +108.3%
45 CAF 0.41% 634,953 $11M $17.36 $6M +359,942 +130.9%
46 IHD 0.41% 1,748,915 $11M $6.27 $175
47 PCQ 0.37% 1,136,571 $10M $8.73 $513K +57,544 +5.3%
48 MESHU 0.36% 949,600 $9M $10.00 +949,600 NEW
49 GLL 0.35% 362,475 $9M $26.15 +362,475 NEW
50 HCACU 0.33% 870,315 $9M $10.02 +870,315 NEW
51 DAAQU 0.32% 850,000 $9M $10.16 -$26K
52 TSLA 0.31% 18,161 $8M $449.72 $5M +11,865 +188.4%
53 RAAQU 0.31% 797,246 $8M $10.22
54 BCV 0.30% 361,294 $8M $22.10 $1M +46,755 +14.9%
55 BLZR 0.29% 786,316 $8M $10.01 +786,316 NEW
56 BABA 0.29% 52,786 $8M $146.58 +52,786 NEW
57 STHO 0.29% 939,974 $8M $8.23 -$598K -72,642 -7.2%
58 GLQ 0.29% 1,005,110 $8M $7.66 $4M +469,857 +87.8%
59 RFMZ 0.29% 605,495 $8M $12.66 $7M +584,418 +2772.8%
60 AAPL 0.28% 27,345 $7M $271.86 +27,345 NEW
61 NVDA 0.27% 38,079 $7M $186.50 -$1M -7,490 -16.4%
62 BNC 0.27% 1,105,291 $7M $6.42 $2M +422,117 +61.8%
63 BIDU 0.26% 53,823 $7M $130.66 -$2M -15,245 -22.1%
64 AEAQU 0.26% 699,609 $7M $10.00 +699,609 NEW
65 BA 0.25% 30,392 $7M $217.12 -$908K -4,387 -12.6%
66 TDF 0.23% 539,260 $6M $11.26 -$210K
67 GDS 0.21% 160,000 $6M $34.90 -$608K
68 VERX 0.20% 263,474 $5M $19.97 $217K +60,000 +29.5%
69 BDCI 0.20% 525,000 $5M $10.01 +525,000 NEW
70 GLV 0.19% 870,736 $5M $5.97 $1M +242,420 +38.6%
71 PLAY 0.19% 320,309 $5M $16.21 $3M +225,000 +236.1%
72 CEPV 0.19% 500,000 $5M $10.25 +500,000 NEW
73 CAEP 0.19% 500,000 $5M $10.20 -$60K
74 QCOM 0.18% 28,464 $5M $171.05 -$2M -10,540 -27.0%
75 SHOP 0.17% 28,279 $5M $160.97 -$237K -3,945 -12.2%
76 DJT 0.17% 343,802 $5M $13.24 -$2M -45,000 -11.6%
77 CXE 0.17% 1,203,922 $4M $3.70 -$4M -1,014,770 -45.7%
78 EVOX 0.17% 450,000 $4M $9.87 +450,000 NEW
79 CORZ 0.16% 300,000 $4M $14.56 $1M +125,000 +71.4%
80 BW 0.16% 681,105 $4M $6.34 +681,105 NEW
81 UIS 0.16% 1,551,487 $4M $2.76 $632K +615,632 +65.8%
82 CEPF 0.16% 406,500 $4M $10.28 $39K
83 EMBC 0.16% 348,609 $4M $11.88 $18K +56,400 +19.3%
84 PDD 0.15% 36,318 $4M $113.39 $1M +14,179 +64.0%
85 FMN 0.15% 365,326 $4M $11.11 -$80K -9,582 -2.6%
86 ETW 0.15% 438,995 $4M $9.22 $4M +423,969 +2821.6%
87 IRHOU 0.15% 400,000 $4M $9.95 +400,000 NEW
88 CMG 0.15% 105,550 $4M $37.00 +105,550 NEW
89 LFACU 0.14% 383,798 $4M $10.01 +383,798 NEW
90 SWZ 0.14% 605,224 $4M $6.22 $2M +302,612 +100.0%
91 WIW 0.14% 424,577 $4M $8.59 $3M +324,577 +324.6%
92 TACO 0.13% 350,000 $4M $10.14 -$4M -350,000 -50.0%
93 CEPT 0.13% 300,000 $3M $11.26 $225K
94 WGO 0.12% 81,884 $3M $40.52 -$89K -20,000 -19.6%
95 TDS 0.12% 80,000 $3M $41.00 $141K
96 AES 0.12% 224,982 $3M $14.34 -$874K -86,600 -27.8%
97 HEQ 0.11% 281,328 $3M $10.75 $326K +27,958 +11.0%
98 CRANU 0.11% 297,854 $3M $10.07 +297,854 NEW
99 UBOT 0.11% 111,280 $3M $25.58 $1M +38,212 +52.3%
100 ORCL 0.11% 14,500 $3M $194.91 +14,500 NEW

Options Breakdown

0 Calls $0 Call Value 30 Puts $384M Put Value

Top Puts

SymbolSharesValueStatus
TSLA 113,100 $51M
CRWD 88,200 $41M
QCOM 224,600 $38M
NVDA 205,900 $38M
AMD 157,900 $34M
BA 136,500 $30M
AAPL 104,300 $28M NEW
MSTR 170,000 $26M NEW
BABA 165,900 $24M NEW
SHOP 135,200 $22M

New Positions

SymbolValue% Port
MESHU $9M 0.36%
GLL $9M 0.35%
HCACU $9M 0.33%
BLZR $8M 0.29%
BABA $8M 0.29%
AAPL $7M 0.28%
AEAQU $7M 0.26%
BDCI $5M 0.20%
CEPV $5M 0.19%
EVOX $4M 0.17%
BW $4M 0.16%
IRHOU $4M 0.15%
CMG $4M 0.15%
LFACU $4M 0.14%
CRANU $3M 0.11%

Sold Out Positions

SymbolValue% Port
ADX —%
XOM —%
BTT —%
GNT —%
BGY —%
ZTR —%
BCSS —%
HPP —%
EMF —%
CF —%
BCAT —%
MUR —%
MOS —%
LNC —%
MUC —%
View SEC EDGAR Filings for Saba Capital Management, L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms