Saba Capital Holds 15.045163% Stake in Bellevue Healthcare

Saba Capital Management holds a 15.045163% stake in Bellevue Healthcare as of May 6, according to a filing. Bellevue Healthcare Trust plc is a UK-based investment trust with a focus on long-term capital growth and income through global healthcare companies. Its portfolio includes various healthcare sub-sectors and is managed by Bellevue Asset Management (UK) Limited.

On April 25, 2025, Saba Capital Management, L.P. executed a strategic transaction involving the Blackrock Muniyield Pennsylvania Quality Fund (MPA). The firm reduced its holdings by 42,074 shares, resulting in a -0.01% impact on its overall portfolio. This move reflects a -2.23% change in the firm's position in MPA, with the total shares held now amounting to 1,846,479. The transaction price was $10.89 per share, and MPA now constitutes 0.47% of the firm's portfolio.

Saba Capital Management, L.P. is a prominent investment firm headquartered in New York, known for its focus on the financial services and consumer cyclical sectors. With an equity portfolio valued at $4.25 billion, the firm's top holdings include PIMCO Dynamic Income Strategy Fund (PDX) and BlackRock Capital Allocation Trust (BCAT).

Blackrock Muniyield Pennsylvania Quality Fund (MPA) is a closed-end fund with the primary objective of providing income exempt from U.S. federal and Pennsylvania income taxes. Operating within the asset management industry, MPA has a market capitalization of $143.611 million. The fund's investment strategy is designed to align with prudent investment management practices, aiming to deliver consistent returns to its shareholders.

As of the latest data, MPA's current stock price is $11.09, reflecting a 1.84% gain since the transaction. The fund has a price-to-earnings (PE) ratio of 30.55, and its GF Score is 36/100, indicating poor future performance potential. The fund's balance sheet and profitability ranks are both 3/10, with a growth rank of 0/10. Over the past three years, MPA has experienced a revenue decline of -24.50%, with a similar decline in earnings growth.

The reduction in Saba Capital Management's stake in MPA reflects a strategic decision to adjust its portfolio allocation. Despite the reduction, MPA still holds a significant position within the firm's portfolio, accounting for 0.47% of its total holdings. The transaction's impact on the firm's portfolio was minimal, with a -0.01% change, indicating a calculated move to optimize portfolio performance. As MPA's financial health and growth prospects remain under scrutiny, the firm's decision to reduce its stake aligns with its broader investment strategy.

References:
[1] https://www.gurufocus.com/news/2826897/saba-capital-management-lp-reduces-stake-in-blackrock-muniyield-pennsylvania-quality-fund
[2] https://www.gurufocus.com/news/2830521/diversified-healthcare-trust-dhc-reports-strong-q1-performance-and-strategic-moves
[3] https://finance.yahoo.com/news/mercer-finalises-secor-asset-management-134413528.html