PIMCO Dynamic Income Strategy Fund (NYSE: PDX) sees Saba sell 219,839 shares

What happened

PIMCO Dynamic Income Strategy Fund (NYSE: PDX) said in a Form 4 that Saba Capital Management, L.P., a 10% owner, sold 219,839 shares from 2026-10-09 to 2026-10-12. The shares sold for $20.63 to $20.76 each, or about $4.54 million. Saba filed the report on 2026-10-14.

The filing breaks the sales into 72,911 shares on 2026-10-09 at $20.76, which left 6,175,376 shares. It then shows 146,928 shares on 2026-10-12 at $20.63, which left 6,028,448 shares. The report covers common stock only. The ownership line shows indirect holdings.

Key numbers

Metric	Latest	Change	Source
Shares sold	219,839 shares		SEC Form 4
Sale price range	$20.63 to $20.76 per share		SEC Form 4
Total sale value	about $4.54 million		SEC Form 4
Shares held after sale	6,028,448 shares		SEC Form 4

Read more: PIMCO Dynamic Income Strategy Fund (PDX) stock analysis and investment case

Why it matters

With no case on file, the filing mainly establishes a baseline for Saba's ownership in PIMCO Dynamic Income Strategy Fund. The 219,839 shares were about 3.5% of the holding before the trade, based on 6,248,287 shares implied by the filing. That makes the sales look like a trim, not a full exit.

The filing also gives investors two dated prices to anchor the move. Saba sold 72,911 shares on 2026-10-09 at $20.76 and 146,928 shares on 2026-10-12 at $20.63. Those totals add to about $4.54 million and leave 6,028,448 shares, so the position remains large after the cut.

The strongest caveat is also in the filing: Saba still reported 6,028,448 shares after the sales, so the evidence points to reduction rather than abandonment. The report therefore gives investors a clean before-and-after read on the position. The filing also fixes the latest ownership level at 6,028,448 shares. That matters because the post-sale stake still tops six million shares.

The two sale prices were close, at $20.63 and $20.76. That keeps the focus on the size of the trade, not a big shift in pricing. Investors can use the reported stake as the next benchmark.

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What's next

The next quarterly report will show whether Saba keeps reducing the stake or leaves the 6,028,448-share holding unchanged. More sales would deepen the reduction, while a flat holding would confirm the cut has paused.

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