Saba Capital Management, L.P.
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 154362
· SEC file 801-71740
· New York, NY
· www.sabacef.com
☆ Save with Pro
ADV data as of May 29, 2026
- Regulatory AUM
- $18.3B
- Discretionary
- $18.3B
- Clients
- 41
- Avg AUM / client
- $446M
- Accounts
- 41
- Employees
- 67
AUM over time
$3.4B
$18.3B
Dec 2011
May 2026
Annual snapshots from Form ADV filings · as of May 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 3 | $1.5B | 8.27% |
| Pooled investment vehicles (non-investment companies) | 30 | $15.4B | 84.3% |
| Pension and profit sharing plans | 2 | $101M | 0.55% |
| State or municipal government entities | 3 | $458M | 2.5% |
| Other investment advisers | 3 | $809M | 4.42% |
Private funds (13)
Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $11.9B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Saba Capital Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $5.2B | 139 |
| Saba Capital Carry Neutral Tail Hedge Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $2.8B | 176 |
| Saba Capital R Fund, Ltd. | Hedge Fund | Cayman Islands | $1.2B | 2 |
| Saba Capital Bluebird Fund, Ltd. | Hedge Fund | Cayman Islands | $742M | 1 |
| Saba Capital Cef Opportunities 2, Ltd. master | Hedge Fund | Cayman Islands | $686M | 9 |
| Saba Capital Arcadia Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $435M | 2 |
| Saba Capital W Fund, Ltd. | Hedge Fund | Cayman Islands | $319M | 1 |
| Saba Capital Cef Special Opportunities Master Fund 1 Ltd master | Hedge Fund | Cayman Islands | $197M | 16 |
| Saba Capital Matador Fund Ltd | Hedge Fund | Cayman Islands | $155M | 1 |
| Saba Capital Cef Special Opportunities Master Fund 2, Ltd. master | Hedge Fund | Cayman Islands | $81.9M | 7 |
| Saba Capital Master Fund Ii, Ltd. master | Hedge Fund | Cayman Islands | $80.0M | 3 |
| Saba Capital Cef Opportunities 1, Ltd. master | Hedge Fund | Cayman Islands | $21.5M | 9 |
| Saba Capital Cef Opportunities 3, Ltd. | Hedge Fund | Cayman Islands | $7.6M | 9 |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Weinstein, Boaz, Ronald | Cio, Partner, Founder (Saba Capital Management, Lp) | Mar 2009 (17y) | ≈ 0% – 5% via Saba Capital Management Gp, Llc | |
| Weinstein, Pierre | Partner (Saba Capital Management, Lp) | Jan 2011 (16y) | 5% – 10% | |
| D Angelo, Michael, D | Partner, Chief Operating Officer, General Counsel (Saba Capital Management, Lp) | Nov 2015 (11y) | Less than 5% | |
| Kellerman, Andrew, Michael | Partner, Head Of Investor Relations (Saba Capital Management, Lp) | Apr 2018 (8y) | Less than 5% | |
| Riera, Xavier, Antoine | Partner (Saba Capital Management, Lp) | Dec 2018 (8y) | 5% – 10% | |
| Sapru, Nitin, (Nmn) | Partner, Chief Financial Officer (Saba Capital Management, Lp) | Dec 2018 (8y) | Less than 5% | |
| Kazarian, Paul, Charles | Partner (Saba Capital Management, Lp) | Mar 2022 (4y) | 5% – 10% | |
| Han, David | Chief Compliance Officer (Saba Capital Management, Lp) | Nov 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Saba Capital Management Gp, Llc | General Partner (Saba Capital Management, Lp) | Mar 2009 | A | Less than 5% |
Undisclosed: 0% – 35% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Weinstein, Boaz, Ronald: 75% – 100% of Saba Capital Management Gp, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (13, $11.9B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Saba Capital Master Fund, Ltd. | Hedge Fund | $5.2B | $5.0M | 139 |
| Saba Capital Carry Neutral Tail Hedge Master Fund, Ltd. | Hedge Fund | $2.8B | $5.0M | 176 |
| Saba Capital R Fund, Ltd. | Hedge Fund | $1.2B | $100M | 2 |
| Saba Capital Bluebird Fund, Ltd. | Hedge Fund | $742M | $100K | 1 |
| Saba Capital Cef Opportunities 2, Ltd. | Hedge Fund | $686M | $500K | 9 |
| Saba Capital Arcadia Master Fund, Ltd. | Hedge Fund | $435M | $500K | 2 |
| Saba Capital W Fund, Ltd. | Hedge Fund | $319M | $100M | 1 |
| Saba Capital Cef Special Opportunities Master Fund 1 Ltd | Hedge Fund | $197M | $500K | 16 |
| Saba Capital Matador Fund Ltd | Hedge Fund | $155M | $500K | 1 |
| Saba Capital Cef Special Opportunities Master Fund 2, Ltd. | Hedge Fund | $81.9M | $500K | 7 |
| Saba Capital Master Fund Ii, Ltd. | Hedge Fund | $80.0M | $0 | 3 |
| Saba Capital Cef Opportunities 1, Ltd. | Hedge Fund | $21.5M | $500K | 9 |
| Saba Capital Cef Opportunities 3, Ltd. | Hedge Fund | $7.6M | $500K | 9 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/29/2026 | 4.57 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Reported custodians
- Td Prime Services Llc $482M (3% of AUM) May 2026
- Morgan Stanley $436M (2% of AUM) May 2026
- Goldman Sachs $165M (1% of AUM) May 2026
- BNY Mellon $102M (1% of AUM) May 2026
- Northern Trust $40.7M (0% of AUM) Feb 2024
- J.P. Morgan $19.7M (0% of AUM) May 2026
- Barclays Bank Plc $13.9M (0% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 29, 2026.
View current Form ADV (SEC/IAPD) ↗