Saba Capital Management, L.P. has recently made a significant move by increasing its stake in Ellsworth Growth & Income Fund Ltd. The firm acquired a total of 33,426 shares across two transactions, which took place on October 16 and October 19, 2026. This action is noteworthy as it reflects Saba's confidence in the fund's potential performance.
The recent transactions were reported in an SEC filing dated October 20, 2026. According to the filing, Saba purchased 16,347 shares at a price of $11.65 per share on October 16, followed by an additional 17,079 shares at $11.47 per share on October 19. Following these acquisitions, Saba now holds a total of 1,788,025 shares in Ellsworth Fund.
Background
Saba Capital Management, L.P. is a prominent investment management firm based in New York, New York. The firm specializes in various investment strategies and is known for its active management style. It is registered under the Central Index Key (CIK) number 0001510281. Ellsworth Growth & Income Fund Ltd, which Saba has increased its stake in, is a closed-end fund that focuses on growth and income investments. The fund is incorporated in Delaware and operates under the CIK number 0000793040.
What the Filing Says
The SEC filing indicates that Saba Capital Management acquired 16,347 shares on October 16 and 17,079 shares on October 19. The filing states, "transaction coding indicates an acquisition of shares," highlighting Saba's intent to increase its ownership in the fund.
Impact
This increase in stake may have implications for both Saba Capital Management and Ellsworth Growth & Income Fund Ltd. For Saba, the acquisition strengthens its position as a significant shareholder, which could influence future decisions or strategies regarding the fund. For Ellsworth, having a major investment firm like Saba as a key stakeholder may enhance its credibility and attract further investment interest.
What's Next
The filing does not say what happens next. However, it is likely that Saba will continue to monitor the performance of Ellsworth Growth & Income Fund Ltd closely, and further transactions may occur if conditions are favorable.