Saba reveals 7.94% stake in BlackRock Science & Tech (NYSE: BSTZ)
Filing Impact
Filing Sentiment
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.
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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.
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.