Insider Trading February 11, 2026

Saba Capital Increases Holding in ASA Gold & Precious Metals with $6.24M Purchase

Hedge fund records two purchases on Form 4, bringing its stake to 5.73 million shares

By Avery Klein ASA
Saba Capital Increases Holding in ASA Gold & Precious Metals with $6.24M Purchase
ASA

Saba Capital Management, L.P. reported two purchases of ASA Gold & Precious Metals Ltd. common stock in a Form 4 filing, totaling $6237961. The transactions on February 9 and February 10, 2026 raised Saba's holdings to 5,729,386 shares, maintaining its position as a roughly ten-percent owner of the company.

Key Points

  • Saba Capital Management, L.P. reported two purchases of ASA common stock in a Form 4 filing for a combined value of $6237961.
  • The purchases occurred on February 9, 2026 (25,939 shares at $69.99) and February 10, 2026 (62,201 shares at $71.1), bringing Saba's total holding to 5,729,386 shares.
  • The activity pertains to the precious metals sector and may be of interest to market participants tracking insider activity and institutional holdings.

Transaction overview

Saba Capital Management, L.P., identified in filings as a ten-percent owner of ASA Gold & Precious Metals Ltd (NYSE: ASA), recorded two purchases of the company's common stock in a recent Form 4 filing. The combined value of the two trades is reported as $6237961.

Details of the purchases

The first transaction took place on February 9, 2026, when Saba acquired 25,939 shares at $69.99 per share. The second trade was executed on February 10, 2026, consisting of 62,201 shares purchased at $71.1 per share. Following these purchases, the filing shows Saba Capital Management, L.P. holds 5,729,386 shares of ASA Gold & Precious Metals Ltd.

Ownership context

The filing reiterates Saba Capital's status as a ten-percent owner of ASA. The two-day sequence of purchases is recorded in the Form 4 submission that discloses insider transactions, and the aggregated dollar amount for the two trades is provided in the same filing.

What the filing shows - and what it does not

The Form 4 documents the share counts, per-share prices, transaction dates, and the cumulative share total held by Saba after the trades. The filing lists the numeric details of the purchases but does not include commentary about strategic intent or future trading plans.

Takeaway

Investors and market participants can confirm that Saba Capital reported two purchases of ASA common stock on consecutive days in early February 2026, with the total reported dollar value of those transactions equal to $6237961 and an updated holding of 5,729,386 shares according to the Form 4 filing.


Note: This article is a factual report of the transactions disclosed in the Form 4 filing and does not provide investment advice.

Risks

  • The Form 4 filing records the transactions but does not state Saba Capital's strategic intent or whether additional purchases or sales are planned - the future course of action is therefore unclear.
  • The filing documents only the reported transactions and does not indicate how market prices or broader investor sentiment may respond to the disclosed purchases.

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