STHO β€” STAR HLDGS

Ownership history in Saba Capital Management, L.P.  Β·  11 quarters on record

This page tracks every 13F SEC filing in which Saba Capital Management, L.P. reported a position in STAR HLDGS (STHO). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.26% (2025 Q1)
πŸ“Š Avg. % of fund
0.2%
πŸ“… First filed
2023 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
11

Position Intelligence

Saba Capital Management, L.P. Γ— STHO AI Analytics

πŸ“‰ Saba Capital Management, L.P. underperformed the S&P 500 by –37.8% annually on this STHO position. Timing score: 40% (4/10 decisions correct). Average cost basis: $12.03. Maximum drawdown during holding period: –47.9%.

πŸ“ˆ Position Alpha vs SPY
-37.8%
annualised excess return

❌ Significantly underperformed the S&P 500 by 37.8% ann.
10 quarters analyzed

⏱️ Timing Score
40%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
4 of 10 add/trim decisions correct

πŸ’° Entry Quality
$12.03
-31.6% vs current ($8.23)

Best entry: $8.51 (2025 Q1)  Β·  Worst: $14.98 (2023 Q4)

πŸ›‘οΈ Drawdown Resilience
–47.9%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
64%
buy-side decisions

7 adds Β· 4 trims. Bought during 5 of 6 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.23% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    STHO price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 939,974 -72,642 -7.2% 0.23% $7.7M $8.23
2025 Q3 REDUCED 1,012,616 -95,904 -8.7% 0.23% $8.3M $8.23
2025 Q2 REDUCED 1,108,520 -28,540 -2.5% 0.20% $8.7M $7.81
2025 Q1 ADDED 1,137,060 +114,862 +11.2% 0.26% $9.68B $8.51
2024 Q4 ADDED 1,022,198 +204,030 +24.9% 0.23% $9.95B $9.73
2024 Q3 REDUCED 818,168 -66,210 -7.5% 0.24% $11.32B $13.84
2024 Q2 ADDED 884,378 +48,257 +5.8% 0.18% $10.67B $12.06
2024 Q1 ADDED 836,121 +266,673 +46.8% 0.19% $10.80B $12.92
2023 Q4 ADDED 569,448 +10,127 +1.8% 0.17% $8.5M $14.98
2023 Q3 ADDED 559,321 +405,584 +263.8% 0.17% $7.0M $12.52
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