undamentalytics Newsletter
Sign in

Hedge fund

Saba Capital Management, L.P.

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1510281

Reported value
$3.3bn
17% in companies we cover
Positions we cover
101
Largest FSK 1.4%
Copy, a year
+18.6%
S&P 500 +14.1%
Copy Sharpe ratio
0.56
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k$80.0k 2013201520172019202120232025 $95.3k$57.0k
CopyS&P 500 $10,000 copying Saba Capital Management, L.P.'s filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −56.7% (S&P 500 −31.8%); beta 1.41; alpha +5.8% a year (t = 0.62); last 12 months −7.5% against +12.1%.

Reported value by quarter

Saba Capital Management, L.P.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $2T $4T $6T Reported value, 2013-06-30: $383.8M Reported value, 2013-09-30: $851M Reported value, 2013-12-31: $1.4B Reported value, 2014-03-31: $1.5B Reported value, 2014-06-30: $1.7B Reported value, 2014-09-30: $1.4B Reported value, 2014-12-31: $1B Reported value, 2015-03-31: $800.2M Reported value, 2015-06-30: $726.7M Reported value, 2015-09-30: $655.5M Reported value, 2015-12-31: $680.3M Reported value, 2016-03-31: $802.8M Reported value, 2016-06-30: $798M Reported value, 2016-09-30: $795M Reported value, 2016-12-31: $869.3M Reported value, 2017-03-31: $955.7M Reported value, 2017-06-30: $954.2M Reported value, 2017-09-30: $797.8M Reported value, 2017-12-31: $734.2M Reported value, 2018-03-31: $902.2M Reported value, 2018-06-30: $864.1M Reported value, 2018-09-30: $994.5M Reported value, 2018-12-31: $1.1B Reported value, 2019-03-31: $1.2B Reported value, 2019-06-30: $1.4B Reported value, 2019-09-30: $1.4B Reported value, 2019-12-31: $1.2B Reported value, 2020-03-31: $1.3B Reported value, 2020-06-30: $1.5B Reported value, 2020-09-30: $1.7B Reported value, 2020-12-31: $1.7B Reported value, 2021-03-31: $2.4B Reported value, 2021-06-30: $2.7B Reported value, 2021-09-30: $3.1B Reported value, 2021-12-31: $4.9B Reported value, 2022-03-31: $6B Reported value, 2022-06-30: $7.4B Reported value, 2022-09-30: $7.5B Reported value, 2022-12-31: $5.9T Reported value, 2023-03-31: $4.1B Reported value, 2023-06-30: $3B Reported value, 2023-09-30: $3.1B Reported value, 2023-12-31: $4.1B Reported value, 2024-03-31: $4.5B Reported value, 2024-06-30: $4.5B Reported value, 2024-09-30: $4.5B Reported value, 2024-12-31: $4B Reported value, 2025-03-31: $3.6B Reported value, 2025-06-30: $3.7B Reported value, 2025-09-30: $3B Reported value, 2025-12-31: $3B Reported value, 2026-03-31: $3.1B Reported value, 2026-06-30: $3.3B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $3.3B
View chart data
Period Reported value
2013-06-30 $383.8M
2013-09-30 $851M
2013-12-31 $1.4B
2014-03-31 $1.5B
2014-06-30 $1.7B
2014-09-30 $1.4B
2014-12-31 $1B
2015-03-31 $800.2M
2015-06-30 $726.7M
2015-09-30 $655.5M
2015-12-31 $680.3M
2016-03-31 $802.8M
2016-06-30 $798M
2016-09-30 $795M
2016-12-31 $869.3M
2017-03-31 $955.7M
2017-06-30 $954.2M
2017-09-30 $797.8M
2017-12-31 $734.2M
2018-03-31 $902.2M
2018-06-30 $864.1M
2018-09-30 $994.5M
2018-12-31 $1.1B
2019-03-31 $1.2B
2019-06-30 $1.4B
2019-09-30 $1.4B
2019-12-31 $1.2B
2020-03-31 $1.3B
2020-06-30 $1.5B
2020-09-30 $1.7B
2020-12-31 $1.7B
2021-03-31 $2.4B
2021-06-30 $2.7B
2021-09-30 $3.1B
2021-12-31 $4.9B
2022-03-31 $6B
2022-06-30 $7.4B
2022-09-30 $7.5B
2022-12-31 $5.9T
2023-03-31 $4.1B
2023-06-30 $3B
2023-09-30 $3.1B
2023-12-31 $4.1B
2024-03-31 $4.5B
2024-06-30 $4.5B
2024-09-30 $4.5B
2024-12-31 $4B
2025-03-31 $3.6B
2025-06-30 $3.7B
2025-09-30 $3B
2025-12-31 $3B
2026-03-31 $3.1B
2026-06-30 $3.3B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
FSKFS KKR Capital Corp1.36%$44.3m4.22M+20.1% Added
APOApollo Global Management0.89%$29.0m245.1K−8.4% Reduced
ARESAres Management0.85%$27.8m249.7K+3.6% Added
CNNECannae Holdings, Inc.0.70%$22.8m1.58M−7.7% Reduced
WBWeibo Corp0.69%$22.6m3.11M+27.5% Added
SNAPSnap Inc0.60%$19.7m4.43M−6.2% Reduced
EVTLVertical Aerospace Ltd.0.56%$18.3m10.52M−9.7% Reduced
METAMeta Platforms0.56%$18.2m32.3K−9.3% Reduced
BMBLBumble Inc.0.55%$17.8m5.56M+4.1% Added
BABAAlibaba Group Holding Ltd0.51%$16.5m172.0K+75.8% Added
WDAYWorkday, Inc.0.49%$16.1m131.2KNew
INTUIntuit0.43%$14.0m53.7KNew
TSLATesla, Inc.0.41%$13.4m31.8K−59.6% Reduced
BXBlackstone Inc.0.38%$12.4m105.6K−50.0% Reduced
PAGSPagseguro Digital Ltd.0.36%$11.7m1.29M0.0%
TASKTaskus, Inc.0.33%$10.8m2.30M+10.2% Added
SABRSabre Corp0.30%$9.8m4.71M−27.4% Reduced
CYHCommunity Health Systems Inc0.29%$9.6m2.88M+124.8% Added
AAPLApple Inc.0.28%$9.3m32.0K−12.4% Reduced
CAGConagra Brands Inc.0.28%$9.2m683.1K+322.7% Added
PDDPDD Holdings Inc.0.27%$8.9m116.4K+124.4% Added
CPBCampbell's Co0.25%$8.2m367.6K+16.5% Added
NVDANVIDIA Corporation0.22%$7.3m36.4K−68.1% Reduced
BABoeing0.22%$7.3m33.6K−54.6% Reduced
HPPHudson Pacific Properties, Inc.0.22%$7.2m476.5K−42.7% Reduced
STHOStar Holdings0.21%$6.9m757.2K−18.7% Reduced
PLTRPalantir Technologies Inc.0.19%$6.2m53.4K+74.3% Added
NWLNewell Brands Inc.0.17%$5.4m880.4K−51.0% Reduced
AXPAmerican Express0.16%$5.3m15.5K−37.2% Reduced
DAAQDigital Asset Acquisition Corp.0.15%$5.0m483.0K−19.5% Reduced
SHOPShopify Inc.0.15%$4.9m42.6K−39.7% Reduced
BAXBaxter International0.15%$4.8m224.8K−6.1% Reduced
PLAYDave & Buster's Entertainment, Inc.0.13%$4.4m382.6K0.0%
COFCapital One0.13%$4.2m20.9K−18.0% Reduced
CODICompass Diversified Holdings0.12%$3.8m356.2K−17.0% Reduced
COMPCompass, Inc.0.11%$3.7m300.0K+134.9% Added
UISUnisys Corp0.11%$3.6m988.7K−44.8% Reduced
CMGChipotle Mexican Grill0.11%$3.6m105.5K0.0%
BNCBNB Standard Corp0.10%$3.3m1.23M+7.2% Added
ORCLOracle Corporation0.10%$3.2m22.0K+3.3% Added
NFLXNetflix0.10%$3.2m45.0K+38.9% Added
VERXVertex, Inc.0.09%$3.0m263.5K0.0%
JHXJames Hardie Industries plc0.09%$2.9m110.3KNew
GDSGDS Holdings Ltd0.09%$2.8m93.8K+34.0% Added
BZHBeazer Homes USA Inc0.09%$2.8m98.5KNew
TDSTelephone & Data Systems Inc0.08%$2.8m74.5K0.0%
CEGConstellation Energy0.08%$2.7m10.8KNew
DJTTrump Media & Technology Group Corp.0.08%$2.6m333.8K0.0%
IPXGInflection Point Acquisition Corp. VII0.08%$2.5m249.0K−58.5% Reduced
AXONAxon Enterprise0.08%$2.5m4.4KNew
AEROGrupo Aeromexico, S.a.b. De C.v.0.08%$2.5m138.1KNew
UBERUber0.07%$2.4m33.1K0.0%
ETOREtoro Group Ltd.0.07%$2.3m59.0K−71.0% Reduced
NCDLNuveen Churchill Direct Lending Corp.0.07%$2.2m177.8KNew
MFICMidcap Financial Investment Corp0.07%$2.2m215.1KNew
SYFSynchrony Financial0.06%$2.1m27.6K−30.4% Reduced
BWBabcock & Wilcox Enterprises, Inc.0.06%$2.0m145.0K−51.8% Reduced
CBRECBRE Group0.06%$2.0m15.0K0.0%
OLNOlin Corp0.06%$2.0m101.9K+21.3% Added
FRMMForum Markets Inc0.06%$2.0m371.6K−22.7% Reduced
PSNYPolestar Automotive Holding UK PLC0.06%$2.0m106.5K0.0%
GMGeneral Motors0.06%$1.9m24.9K0.0%
WGOWinnebago Industries Inc0.06%$1.8m58.8K+74.1% Added
TONXTON Strategy Co0.06%$1.8m717.3K−9.3% Reduced
CPRICapri Holdings Ltd0.06%$1.8m98.3K0.0%
AVXAvax ONE Technology LTD.0.06%$1.8m348.3KNew
ZSZscaler, Inc.0.05%$1.8m12.5K+38.9% Added
SKYASkyai, Inc.0.05%$1.7m1.51M0.0%
IRENIREN Ltd0.05%$1.6m35.9K−34.7% Reduced
ASPIASP Isotopes Inc.0.05%$1.6m261.5K−26.9% Reduced
JDJd.com, Inc.0.05%$1.6m61.9KNew
AIRSAirsculpt Technologies, Inc.0.04%$1.4m313.0K0.0%
SLRCSLR Investment Corp.0.04%$1.4m113.0KNew
EMBCEmbecta Corp.0.04%$1.3m387.3K+0.7% Added
VOYGVoyager Technologies, Inc.0.04%$1.2m36.0K0.0%
VISNVistance Networks, Inc.0.04%$1.2m90.2K−35.7% Reduced
PPLPPL Corporation0.03%$977,12426.9K0.0%
WHRWhirlpool Corp0.03%$939,22123.8KNew
AGIAlamos Gold Inc0.03%$879,73929.0KNew
VRAVera Bradley, Inc.0.02%$699,792179.9K−38.0% Reduced
CECelanese Corp0.02%$686,32014.9KNew
EMPDEmpery Digital Inc.0.02%$660,793185.6K−11.8% Reduced
PYPLPayPal0.02%$608,83814.1K+15.0% Added
PLNTPlanet Fitness, Inc.0.02%$602,40711.5KNew
CHTRCharter Communications0.02%$574,2444.0KNew
RNAAtrium Therapeutics, Inc.0.02%$533,15839.6K0.0%
CCXIChurchill Capital Corp XI0.02%$523,50030.0KNew
HSDTSolana Co0.02%$521,484316.1K+384.7% Added
GRNTGranite Ridge Resources, Inc.0.02%$511,022115.9K0.0%
TROXTronox Holdings plc0.01%$481,06276.4K+16.8% Added
NAKANakamoto Inc.0.01%$473,652119.9KNew
CLFCleveland-cliffs Inc.0.01%$459,09648.9K−15.7% Reduced
ARBEArbe Robotics Ltd.0.01%$415,000500.0K0.0%
ARAntero Resources Corp0.01%$330,3169.4K0.0%
ORAOrmat Technologies, Inc.0.01%$306,4452.8K0.0%
VSTVistra Corp.0.01%$302,6661.9KNew
THCTenet Healthcare Corp0.01%$283,0521.5K+0.9% Added
SVIASilvia, Inc.0.01%$236,949153.9K−35.2% Reduced
BBWIBath & Body Works, Inc.0.01%$220,0369.5K−23.1% Reduced
FWDIForward Industries, Inc.0.00%$133,23831.6K+126.1% Added
AVATAvalanche Treasury Corp0.00%$17,51435.0KNew
CompanyBought (value)Shares
WDAYWorkday, Inc.$16.1m131.2K
INTUIntuit$14.0m53.7K
FSKFS KKR Capital Corp$7.4m705.9K
BABAAlibaba Group Holding Ltd$7.1m74.2K
CAGConagra Brands Inc.$7.0m521.5K
CYHCommunity Health Systems Inc$5.3m1.60M
PDDPDD Holdings Inc.$4.9m64.5K
WBWeibo Corp$4.9m670.2K
JHXJames Hardie Industries plc$2.9m110.3K
BZHBeazer Homes USA Inc$2.8m98.5K
CEGConstellation Energy$2.7m10.8K
PLTRPalantir Technologies Inc.$2.7m22.7K
AXONAxon Enterprise$2.5m4.4K
AEROGrupo Aeromexico, S.a.b. De C.v.$2.5m138.1K
NCDLNuveen Churchill Direct Lending Corp.$2.2m177.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
TSLATesla, Inc.−$19.8m−47.0K
NVDANVIDIA Corporation−$15.5m−77.7K
CRWDCrowdStrike−$15.2m−39.1K
QCOMQualcomm−$14.5m−112.9K
BXBlackstone Inc.−$12.4m−105.6K
BABoeing−$8.7m−40.4K
ETOREtoro Group Ltd.−$5.7m−144.3K
NWLNewell Brands Inc.−$5.6m−915.0K
HPPHudson Pacific Properties, Inc.−$5.4m−355.4K
SABRSabre Corp−$3.7m−1.78M
IPXGInflection Point Acquisition Corp. VII−$3.6m−351.0K
SHOPShopify Inc.−$3.2m−28.0K
AXPAmerican Express−$3.1m−9.2K
UISUnisys Corp−$2.9m−803.3K
APOApollo Global Management−$2.7m−22.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
CRWDCrowdStrike$15.2m39.1K
QCOMQualcomm$14.5m112.9K
AMDAdvanced Micro Devices$2.6m12.7K
PURRHyperliquid Strategies Inc$2.4m472.0K
FUNSix Flags Entertainment Corporation$2.0m112.5K
GEOGEO Group Inc$2.0m117.0K
MRVLMarvell Technology$1.9m19.3K
FROGJfrog Ltd$1.8m38.3K
OPTUOptimum Communications, Inc.$1.8m1.36M
OWLBlue OWL Capital Inc.$925,024101.3K
CMPSCompass Pathways plc$835,212151.0K
AALAmerican Airlines Group Inc.$803,12674.8K
SLGSL Green Realty Corp$665,43718.0K
RITMRithm Capital Corp.$379,20040.0K
EMATEvolution Metals & Technologies Corp.$135,15517.8K
  • Financials31.1%
  • Technology18.8%
  • Communication Services15.9%
  • Consumer Discretionary11.6%
  • Industrials9.9%
  • Real Estate3.6%
  • Health Care3.4%
  • Consumer Staples3.2%
  • Materials1.6%
  • Utilities0.8%
  • Energy0.2%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+18.6%+14.1%0.560.77−56.7%1.41
2018 onwardsJanuary 5, 2018 to November 2, 2026+24.0%+13.9%0.630.64−56.7%1.36
Last three yearsNovember 3, 2023 to November 2, 2026+16.3%+21.8%0.571.16−25.1%1.21
Last yearNovember 7, 2025 to November 2, 2026−3.1%+14.2%−0.180.84−21.3%1.53

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.