Saba Capital Management, L.P. Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$3.4T
Holdings
333
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (333 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | ECATBLACKROCK ESG CAP ALLC TERM | 26,336,257 | $405.1B | 12.04% | |
| 2 | ASAASA GOLD AND PRECIOUS MTLS L | 5,391,713 | $321.7B | 9.56% | |
| 3 | XGDVXGABELLI DIVID & INCOME TR | 5,751,258 | $159.7B | 4.75% | |
| 4 | PDXPIMCO DYNAMIC INCOME STRATEG | 6,796,130 | $127.6B | 3.79% | |
| 5 | GAMGENERAL AMERN INVS CO INC | 2,085,885 | $122.5B | 3.64% | |
| 6 | NFJVIRTUS DIVIDEND INTEREST & P | 8,640,031 | $111.4B | 3.31% | |
| 7 | NBXGNEUBERGER NEXT GENERATION | 7,695,235 | $111.1B | 3.30% | |
| 8 | BSTZBLACKROCK SCIENCE & TECHNOLO | 4,557,491 | $103.0B | 3.06% | |
| 9 | MEGINYLI CBRE GBL INFR MEGTRNDS | 5,593,758 | $77.0B | 2.29% | |
| 10 | TSLATESLA INC | 131,261 | $59.0B | 1.75% | Put |
| 11 | PEOADAM NAT RES FD INC | 2,698,250 | $58.7B | 1.74% | |
| 12 | CRWDCROWDSTRIKE HLDGS INC | 112,649 | $52.8B | 1.57% | Put |
| 13 | BPREBLUEROCK PVT REAL ESTATE FD | 3,074,615 | $46.1B | 1.37% | |
| 14 | NVDANVIDIA CORPORATION | 243,979 | $45.5B | 1.35% | Put |
| 15 | QCOMQUALCOMM INC | 253,064 | $43.3B | 1.29% | Put |
| 16 | LEOBNY MELLON STRATEGIC MUNS IN | 6,076,820 | $38.6B | 1.15% | |
| 17 | BABOEING CO | 166,892 | $36.2B | 1.08% | Put |
| 18 | AMDADVANCED MICRO DEVICES INC | 168,679 | $36.1B | 1.07% | Put |
| 19 | AAPLAPPLE INC | 131,645 | $35.8B | 1.06% | Put |
| 20 | NQPNUVEEN PENNSYLVANIA QLT MUN | 2,998,620 | $35.7B | 1.06% | |
| 21 | HQLABRDN LIFE SCIENCES INVESTOR | 2,117,174 | $35.5B | 1.06% | |
| 22 | MXFMEXICO FD INC | 1,691,300 | $34.1B | 1.01% | |
| 23 | BABAALIBABA GROUP HLDG LTD | 218,686 | $32.1B | 0.95% | Put |
| 24 | DSMBNY MELLON STRATEGIC MUN BD | 5,179,441 | $32.0B | 0.95% | |
| 25 | XBOEXBLACKROCK ENHANCED GLOBAL DI | 2,555,063 | $29.9B | 0.89% | |
| 26 | AFBALLIANCEBERNSTEIN NATL MUN I | 2,760,256 | $29.9B | 0.89% | |
| 27 | HFROHIGHLAND OPPS & INCOME FD | 4,674,016 | $27.9B | 0.83% | |
| 28 | RMTROYCE MICRO-CAP TR INC | 2,614,909 | $27.3B | 0.81% | |
| 29 | CNNECANNAE HLDGS INC | 1,714,994 | $27.0B | 0.80% | |
| 30 | SHOPSHOPIFY INC | 163,479 | $26.3B | 0.78% | Put |
| 31 | MIGASTRATEGY INC | 170,000 | $25.8B | 0.77% | Put |
| 32 | GFNEW GERMANY FD INC | 2,210,555 | $25.2B | 0.75% | |
| 33 | IIFMORGAN STANLEY INDIA INVT FD | 988,924 | $24.7B | 0.73% | |
| 34 | DIAXNUVEEN DOW 30 DYNMC OVERWRT | 1,599,746 | $24.4B | 0.73% | |
| 35 | RVTROYCE SMALL CAP TRUST INC | 1,437,153 | $23.1B | 0.69% | |
| 36 | TYTRI CONTL CORP | 701,601 | $22.9B | 0.68% | |
| 37 | EVTLVERTICAL AEROSPACE LTD | 3,949,044 | $21.0B | 0.63% | |
| 38 | WBWEIBO CORP | 2,015,063 | $20.6B | 0.61% | |
| 39 | GRXGABELLI HLTHCARE & WELLNESS | 2,118,201 | $20.4B | 0.61% | |
| 40 | DMADESTRA MULTI-ALTERNATIVE FD | 2,220,648 | $19.9B | 0.59% | |
| 41 | ECFELLSWORTH GROWTH & INCOME FD | 1,680,620 | $19.5B | 0.58% | |
| 42 | BMBLBUMBLE INC | 5,337,549 | $19.1B | 0.57% | |
| 43 | JOFJAPAN SMALLER CAPITALIZATION | 1,632,530 | $18.1B | 0.54% | |
| 44 | SABASABA CAPITAL INCOME & OPPORT | 2,190,968 | $18.1B | 0.54% | |
| 45 | GLOCLOUGH GLOBAL OPPORTUNITIES | 3,045,940 | $17.2B | 0.51% | |
| 46 | DMBBNY MELLON MUN BD INFRASTRUC | 1,565,016 | $17.2B | 0.51% | |
| 47 | RDAGREPUBLIC DIGITAL ACQUISITION | 1,645,960 | $16.7B | 0.50% | |
| 48 | WENNWEN ACQUISITION CORP | 1,563,222 | $15.8B | 0.47% | |
| 49 | XBFZXBLACKROCK CALIF MUN INCOME T | 1,299,311 | $14.0B | 0.41% | |
| 50 | PDDPDD HOLDINGS INC | 122,118 | $13.8B | 0.41% | Put |
| 51 | IAEVOYA ASIA PAC HIGH DIV EQT I | 1,816,687 | $13.2B | 0.39% | |
| 52 | PAGSPAGSEGURO DIGITAL LTD | 1,293,415 | $12.5B | 0.37% | |
| 53 | TWNTAIWAN FD INC | 226,694 | $12.1B | 0.36% | |
| 54 | SABRSABRE CORP | 8,879,182 | $12.1B | 0.36% | |
| 55 | NMLNEUBERGER ENGY INFRSTR & INC | 1,416,482 | $12.0B | 0.36% | |
| 56 | COFCAPITAL ONE FINL CORP | 49,593 | $12.0B | 0.36% | Put |
| 57 | SNAPSNAP INC | 1,421,784 | $11.5B | 0.34% | |
| 58 | XCAFXMORGAN STANLEY CHINA A SH FD | 634,953 | $11.0B | 0.33% | |
| 59 | IHDVOYA EMERGING MKTS HIGH DIVI | 1,748,915 | $11.0B | 0.33% | |
| 60 | PMTRPERIMETER ACQUISITION CORP I | 1,055,870 | $10.9B | 0.32% | |
| 61 | CSWC 5.125 11/15/29CAPITAL SOUTHWEST CORP | 10,000,000 | $10.0B | 0.30% | |
| 62 | XPCQXPIMCO CALIF MUN INCOME FD | 1,136,571 | $9.9B | 0.29% | |
| 63 | ABNBAIRBNB INC | 72,765 | $9.9B | 0.29% | Put |
| 64 | HCMAHCM III ACQUISITION CORP | 949,650 | $9.5B | 0.28% | |
| 65 | MESHMESHFLOW ACQUISITION CORP | 949,600 | $9.5B | 0.28% | |
| 66 | GLLPROSHARES TR II | 362,475 | $9.5B | 0.28% | |
| 67 | HCACHALL CHADWICK ACQUISITION CO | 870,315 | $8.7B | 0.26% | |
| 68 | KOYNDIGITAL ASSET ACQUISITION CO | 850,000 | $8.6B | 0.26% | |
| 69 | RAAQREAL ASSET ACQUISITION CORP | 797,246 | $8.1B | 0.24% | |
| 70 | BCVBANCROFT FD LTD | 361,294 | $8.0B | 0.24% | |
| 71 | SYFSYNCHRONY FINANCIAL | 95,601 | $8.0B | 0.24% | Put |
| 72 | ONCH1RT ACQUISITION CORP. | 774,932 | $7.9B | 0.23% | |
| 73 | BLZRTRAILBLAZER ACQUISITION CORP | 786,316 | $7.9B | 0.23% | |
| 74 | STHOSTAR HLDGS | 939,974 | $7.7B | 0.23% | |
| 75 | XGLQXCLOUGH GLOBAL EQUITY FD | 1,005,110 | $7.7B | 0.23% | |
| 76 | RFMZRIVERNORTH FLEXIBLE MUNI INC | 605,495 | $7.7B | 0.23% | |
| 77 | FTWEQV VENTURES AC CORP. II | 759,738 | $7.6B | 0.23% | |
| 78 | XNIEXVIRTUS EQUITY & CONV INCM FD | 298,200 | $7.4B | 0.22% | |
| 79 | —RANGE CAP ACQUISITION CORP I | 725,000 | $7.2B | 0.21% | |
| 80 | BNCCEA INDUSTRIES INC | 1,105,291 | $7.1B | 0.21% | |
| 81 | BIDUNBAIDU INC | 53,823 | $7.0B | 0.21% | |
| 82 | CCIICOHEN CIRCLE ACQUISIT CORP I | 684,000 | $7.0B | 0.21% | |
| 83 | AEAQACTIVATE ENERGY ACQUISITION | 699,609 | $7.0B | 0.21% | |
| 84 | RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC | 6,000,000 | $6.7B | 0.20% | |
| 85 | PCAPPROCAP ACQUISITION CORP | 645,996 | $6.5B | 0.19% | |
| 86 | TDFTEMPLETON DRAGON FD INC | 539,260 | $6.1B | 0.18% | |
| 87 | HPPHUDSON PAC PPTYS INC | 555,409 | $6.0B | 0.18% | |
| 88 | —APEX TREAS CORP | 600,000 | $5.9B | 0.18% | |
| 89 | RITMRITHM CAPITAL CORP | 540,000 | $5.9B | 0.17% | Put |
| 90 | GDSGDS HLDGS LTD | 160,000 | $5.6B | 0.17% | |
| 91 | —BAIN CAP GSS INVT CORP | 535,580 | $5.4B | 0.16% | |
| 92 | SWSMURFIT WESTROCK PLC | 137,389 | $5.3B | 0.16% | |
| 93 | VERXVERTEX INC | 263,474 | $5.3B | 0.16% | |
| 94 | BDCIBTC DEV CORP | 525,000 | $5.3B | 0.16% | |
| 95 | GLVCLOUGH GLOBAL DIVID & INCOME | 870,736 | $5.2B | 0.15% | |
| 96 | PLAYDAVE & BUSTERS ENTMT INC | 320,309 | $5.2B | 0.15% | |
| 97 | STWD 6.75 07/15/27STARWOOD PPTY TR INC | 5,000,000 | $5.2B | 0.15% | |
| 98 | CEPFCANTOR EQUITY PARTNERS V INC | 500,000 | $5.1B | 0.15% | |
| 99 | CEPFCANTOR EQUITY PARTNERS III I | 500,000 | $5.1B | 0.15% | |
| 100 | COIN 0.5 06/01/26COINBASE GLOBAL INC | 5,000,000 | $5.0B | 0.15% |
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