Overview
Saba Capital Management, L.P., which the filing identifies as a ten-percent owner of the PIMCO Dynamic Income Strategy Fund (NYSE: PDX), reported the sale of 56,991 shares of common stock in two separate transactions, according to a Form 4 filed with the Securities and Exchange Commission.
Transaction details
The first tranche occurred on February 19, 2026, when Saba disposed of 28,531 shares at $20.37 per share. The following day, February 20, 2026, the firm sold an additional 28,460 shares at $20.34 per share. Together, the two sales total approximately $1.16 million.
Position after sales
Despite these dispositions, Saba Capital Management, L.P. continues to hold a substantial interest in the fund, indirectly owning 6,500,174 shares of PIMCO Dynamic Income Strategy Fund following the transactions.
Market snapshot
At the time of the filing, PDX is trading at $20.20 and carries a market capitalization of $912 million. The fund offers a dividend yield of 22.41%.
Third-party evaluation
InvestingPro’s commentary on the fund highlights that it "pays a significant dividend to shareholders." The platform assigns PDX an overall financial health rating of "EXCELLENT" and indicates there are three additional ProTips available to subscribers.
Implications for investors
The filing documents an insider sale spread over two days and leaves Saba with a large remaining holding. The reported prices for the transactions were marginally higher than the fund's current quoted price, and the yield profile and platform ratings cited may remain relevant to income-seeking investors assessing PDX.
Note: The article reports facts disclosed in the SEC Form 4 filing and third-party platform commentary. It does not infer motives or future performance beyond the cited data.