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Saba reveals 7.94% stake in BlackRock Science & Tech (NYSE: BSTZ)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Saba Capital Management and related reporting persons filed Amendment No. 10 to a Schedule 13D disclosing their beneficial ownership in BlackRock Science & Technology Term Trust. They report holding 5,458,908 common shares, representing 7.94% of the outstanding shares, based on 68,744,150 shares outstanding as of 12/31/25.

The position is held with shared voting and dispositive power across Saba Capital, Saba Capital Management GP, LLC and Boaz R. Weinstein. The filing states that approximately $93,845,617 was paid to acquire these shares using investor subscription proceeds, capital appreciation and ordinary-course margin borrowings. Recent transactions from 1/15/26 through 3/13/26 were executed in the open market.

Positive

  • None.

Negative

  • None.





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 68,744,150 shares of common stock outstanding as of 12/31/25, as disclosed in the company's N-CSR filed 3/5/26.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 68,744,150 shares of common stock outstanding as of 12/31/25, as disclosed in the company's N-CSR filed 3/5/26.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 68,744,150 shares of common stock outstanding as of 12/31/25, as disclosed in the company's N-CSR filed 3/5/26.


SCHEDULE 13D


Saba Capital Management, L.P.
Signature:/s/ Michael D'Angelo
Name/Title:General Counsel
Date:03/17/2026
Boaz R. Weinstein
Signature:/s/ Michael D'Angelo
Name/Title:Authorized Signatory
Date:03/17/2026
Saba Capital Management GP, LLC
Signature:/s/ Michael D'Angelo
Name/Title:Attorney-in-fact*
Date:03/17/2026
Comments accompanying signature:
Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

FAQ

What stake in BlackRock Science & Technology Term Trust (BSTZ) did Saba Capital disclose?

Saba Capital and affiliated reporting persons disclosed beneficial ownership of 5,458,908 common shares of BlackRock Science & Technology Term Trust, equal to 7.94% of the fund’s outstanding shares. This percentage is calculated using 68,744,150 shares outstanding as of 12/31/25.

How much did Saba Capital pay to acquire its BSTZ position?

The reporting persons state they paid a total of approximately $93,845,617 to acquire the common shares reported. Funds came from investor subscription proceeds, capital appreciation on those investments, and margin borrowings made in the ordinary course of business, with positions pledged as collateral.

How is voting and dispositive power over BSTZ shares held by Saba Capital?

The filing reports 0 shares with sole voting or dispositive power and 5,458,908 shares with shared voting and shared dispositive power. These shared powers are attributed to Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein as joint reporting persons.

What period of BSTZ trading activity does this Schedule 13D/A amendment cover?

The amendment covers transactions in BSTZ common shares from the prior amendment filed on 1/15/26 through 3/13/26, the date of the event requiring this filing. All transactions during this period were executed in the open market and are detailed in referenced Schedule A.

Who are the reporting persons in the BSTZ Schedule 13D/A Amendment No. 10?

The joint reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. Saba Capital acts as investment manager to funds and accounts, Saba GP is its general partner, and Mr. Weinstein is managing member of Saba’s general partner.

How was the 7.94% ownership in BSTZ calculated in the filing?

The 7.94% figure is based on ownership of 5,458,908 common shares compared against 68,744,150 shares of common stock outstanding as of 12/31/25. That outstanding share count is taken from the trust’s N-CSR report filed on 3/5/26.
BlackRock Science and Tech Term ord

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