Saba Capital Management, L.P., which holds a roughly ten percent stake in the PIMCO Dynamic Income Strategy Fund (NYSE: PDX), reduced part of its position on February 23, 2026, selling 20,300 shares of the fund's common stock at a per-share price of $20.26. The disposal generated proceeds of $411,278.
Market data included in the reporting shows the fund trading at $20.04 at the time of the snapshot, with a market capitalization of $906 million and a dividend yield listed at 22.55%.
The transaction was disclosed to regulators in a Form 4 filing submitted to the Securities and Exchange Commission. The document bears signatures from Zachary Gindes on behalf of Saba Capital Management, L.P., and from Boaz Weinstein.
Following the sale, Saba Capital's direct holding in PIMCO Dynamic Income Strategy Fund stands at 6,479,874 shares, according to the filing. The sale reduces the number of shares Saba directly controls while leaving a substantial residual position.
The filing and associated materials reference third-party analytical notes from InvestingPro Tips, which describe PDX as a fund that distributes a material dividend to shareholders and that generally exhibits low price volatility. The same platform assigns PDX a Financial Health Score of "EXCELLENT" and notes that additional analytical insights are available to subscribers.
The Form 4 disclosure establishes the formal record of the insider transaction but does not include any commentary on the reasons for the sale or on intended future transactions. The figures reported are factual snapshots: the per-share sale price was $20.26, the aggregate value of the disposition totaled $411,278, and post-transaction direct ownership for Saba is 6,479,874 shares.
This report presents the regulatory disclosure and accompanying fund metrics as recorded in the filing and publicly reported market data. It does not attempt to infer motivation for the trade or to project future fund performance beyond the specific details contained in the filing.
Transaction details
- Seller: Saba Capital Management, L.P. (identified as a 10% owner of PDX)
- Instrument: PIMCO Dynamic Income Strategy Fund common stock (NYSE: PDX)
- Shares sold: 20,300
- Sale date: February 23, 2026
- Sale price per share: $20.26
- Total proceeds: $411,278
- Reported post-sale direct ownership: 6,479,874 shares
- Regulatory filing: Form 4 with the SEC, signed by Zachary Gindes and Boaz Weinstein