Saba Capital Management, L.P.

CIK 0001510281 · Q2 2026

13F Equity AUM

$3.9B

+7.7% QoQ

Positions

377

+18 QoQ

AUM Rank

#1,005

Top 11%

Skill Alpha (FF)

+11.0%/yr^ns

No Clear Edge

Rank #323 · Top 4%

vs S&P -0.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 26.9%Top 10: 41.6%Top 20: 58.0%

ASA7.9%

ECAT7.1%

BSTZ4.4%

NFJ4.0%

XGDVX3.5%

PDX3.4%

NBXG3.2%

GAM2.9%

TSLA2.9%

AMD2.4%

Others (367)58.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services66.1%

Technology10.4%

Consumer Cyclical7.5%

Unclassified5.5%

Communication Services3.5%

Fund2.6%

Other4.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 377Median: 0.04%Avg: 0.27%

0–0.5%

331(23.6%)

0.5–1%

21(13.0%)

1–3%

18(29.9%)

3–5%

5(18.5%)

5%+

2(15.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 377vs 20 funds

0%Low

377

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New89Increased64Decreased82Exited76

New Positions

EIDO0.7%

+2.4M

RVT0.6%

+1.2M

USA0.6%

+3.9M

JBLU0.5%

+3.1M

DXYZ0.4%

+644K

WDAY0.4%

+131K

INTU0.4%

+54K

WDC0.3%

+16K

BERTO ACQUISITION CO…0.3%

+1.0M

KPET ULTRA PACELINE …0.2%

+699K

Increased

BTX0.7%

+2.4M(+308%)

BPRE2.3%

+2.0M(+41%)

CYH0.3%

+1.6M(+125%)

GF1.1%

+1.0M(+39%)

XSSPX1.1%

+831K(+54%)

HFRO1.1%

+829K(+16%)

ZTR0.3%

+802K(+71%)

MFM0.1%

+758K(+285%)

FSK1.1%

+706K(+20%)

WB0.6%

+670K(+28%)

Decreased

ECAT7.1%

-4,409,714(-20%)

SABR0.3%

-1,779,844(-27%)

EVTWF0.5%

-1,123,793(-10%)

NWL0.1%

-915,030(-51%)

HQL0.0%

-869,251(-92%)

UIS0.1%

-803,267(-45%)

MEGI1.3%

-685,779(-17%)

ONEIM ACQUISITION CO…0.3%

-509,783(-34%)

RAAQW0.0%

-495,028(-85%)

XGDVX3.5%

-427,045(-8%)

Exited

-330,552

-106,156

-300,000

-1,852,145

-10,000,000

-100,000

HCM IV ACQUISITION C…

-700,000

KPET ULTRA PACELINE …

-700,000

INFLECTION PT ACQUIS…

-600,000

XBOEX

-566,317

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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