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StocksUpdated•Originally published 15 April 2026•Updated 16 April 2026•

1 min read

Saba Capital Increases Stake in The New Germany Fund to 18.74%

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Key Facts

1Millennium Management and Israel Englander disclosed a 5.2% stake in Ocugen, Inc.

2The group holds 17,074,584 shares of common stock.

Saba Capital Management has disclosed a significant 18.74% beneficial ownership stake in The New Germany Fund, Inc. (GF). According to the Amendment No. 11 (Schedule 13D/A) filing dated April 10, 2026, the firm acquired 3,032,215 shares through open market transactions. The total value of the acquisition is estimated at approximately $29.38 million. Despite the substantial position, the filing indicates that Saba Capital currently has no plans to influence the fund's operations or management. Market participants are closely monitoring this institutional activity as it provides significant support for the fund's liquidity and market valuation. This move underscores continued institutional interest in the German equity markets via specialized fund structures.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: The story was updated to reflect Saba Capital Management's disclosure of an 18.74% stake in The New Germany Fund, replacing the previous news regarding Ocugen.