diff --git a/django/db/models/base.py b/django/db/models/base.py
index a89ceafbefb..4a051f8215c 100644
--- a/django/db/models/base.py
+++ b/django/db/models/base.py
@@ -788,7 +788,7 @@ class Model(AltersData, metaclass=ModelBase):
         warnings.warn(
             f"Passing positional arguments to {method_name}() is deprecated",
             RemovedInDjango60Warning,
-            stacklevel=2,
+            stacklevel=3,
         )
         total_len_args = len(args) + 1  # include self
         max_len_args = len(defaults) + 1
diff --git a/docs/releases/5.1.1.txt b/docs/releases/5.1.1.txt
index b8c29939331..84a61efec54 100644
--- a/docs/releases/5.1.1.txt
+++ b/docs/releases/5.1.1.txt
@@ -19,3 +19,7 @@ Bugfixes
   children). A new :class:`~django.contrib.auth.forms.AdminUserCreationForm`
   including this field was added, isolating the feature to the admin where it
   was intended (:ticket:`35678`).
+
+* Adjusted the deprecation warning ``stacklevel`` in :meth:`.Model.save` and
+  :meth:`.Model.asave` to correctly point to the offending call site
+  (:ticket:`35060`).
diff --git a/tests/basic/tests.py b/tests/basic/tests.py
index 6fb67f7e6e8..6d34a958059 100644
--- a/tests/basic/tests.py
+++ b/tests/basic/tests.py
@@ -206,9 +206,10 @@ class ModelInstanceCreationTests(TestCase):
     def test_save_deprecation(self):
         a = Article(headline="original", pub_date=datetime(2014, 5, 16))
         msg = "Passing positional arguments to save() is deprecated"
-        with self.assertWarnsMessage(RemovedInDjango60Warning, msg):
+        with self.assertWarnsMessage(RemovedInDjango60Warning, msg) as ctx:
             a.save(False, False, None, None)
             self.assertEqual(Article.objects.count(), 1)
+        self.assertEqual(ctx.filename, __file__)
 
     def test_save_deprecation_positional_arguments_used(self):
         a = Article()
@@ -259,9 +260,10 @@ class ModelInstanceCreationTests(TestCase):
     async def test_asave_deprecation(self):
         a = Article(headline="original", pub_date=datetime(2014, 5, 16))
         msg = "Passing positional arguments to asave() is deprecated"
-        with self.assertWarnsMessage(RemovedInDjango60Warning, msg):
+        with self.assertWarnsMessage(RemovedInDjango60Warning, msg) as ctx:
             await a.asave(False, False, None, None)
             self.assertEqual(await Article.objects.acount(), 1)
+        self.assertEqual(ctx.filename, __file__)
 
     async def test_asave_deprecation_positional_arguments_used(self):
         a = Article()
diff --git a/tests/update_only_fields/tests.py b/tests/update_only_fields/tests.py
index 816112bc334..a6a5b7cb8eb 100644
--- a/tests/update_only_fields/tests.py
+++ b/tests/update_only_fields/tests.py
@@ -262,10 +262,11 @@ class UpdateOnlyFieldsTests(TestCase):
 
         msg = "Passing positional arguments to save() is deprecated"
         with (
-            self.assertWarnsMessage(RemovedInDjango60Warning, msg),
+            self.assertWarnsMessage(RemovedInDjango60Warning, msg) as ctx,
             self.assertNumQueries(0),
         ):
             s.save(False, False, None, [])
+        self.assertEqual(ctx.filename, __file__)
 
     async def test_empty_update_fields_positional_asave(self):
         s = await Person.objects.acreate(name="Sara", gender="F")
@@ -273,8 +274,9 @@ class UpdateOnlyFieldsTests(TestCase):
         s.name = "Other"
 
         msg = "Passing positional arguments to asave() is deprecated"
-        with self.assertWarnsMessage(RemovedInDjango60Warning, msg):
+        with self.assertWarnsMessage(RemovedInDjango60Warning, msg) as ctx:
             await s.asave(False, False, None, [])
+        self.assertEqual(ctx.filename, __file__)
 
         # No save occurred for an empty update_fields.
         await s.arefresh_from_db()