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Boaz Weinstein Saba Capital Management

AUM $3.9B
1-Year Est. Return 12.9%
 

Boaz Weinstein is the founder of Saba Capital Management, a firm known for credit, derivatives, and event-driven strategies. He previously built a major credit trading franchise at Deutsche Bank before launching Saba. Weinstein is also widely followed for activism in closed-end funds and for views on credit markets and volatility.

This Fund
S&P 500
This Quarter Est. Return
-6.59%
1 Year Est. Return
+12.9%
3 Year Est. Return
+34.99%
5 Year Est. Return
+42.32%
10 Year Est. Return
+54.91%
AUM
$1.77B
AUM Growth
-$142M
Cap. Flow
-$10.1M
Cap. Flow %
-0.57%
Top 10 Hldgs %
29.75%
Holding
227
New
30
Increased
71
Reduced
62
Closed
43

Top Buys

Rank Stock Value
1
TLM
TALISMAN ENERGY INC
TLM
+$24.8M
2
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$23.3M
3
BTU
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
+$22.1M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$17.7M
5
BPOP icon
Popular Inc
BPOP
+$13.9M

Top Sells

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$93.8M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$73.1M
3
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$49.7M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$38.6M
5
RDN icon
Radian Group
RDN
+$28.6M

Sector Composition

Rank Sector Weight
1 Financials 8.15%
2 Energy 4.68%
3 Consumer Discretionary 2.91%
4 Industrials 2.54%
5 Materials 1.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YELL
226
DELISTED
Yellow Corporation Common Stock
YELL
– –
-63,870
Closed -$1.79M
LPNT
227
DELISTED
LifePoint Health, Inc.
LPNT
– –
-25,704
Closed -$1.6M
6 7 8 9
10

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Boaz Weinstein's Q3 2014 Portfolio in Review

As of Q3 2014, Boaz Weinstein held 227 positions worth $1.77B, down 7.4% from $1.91B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Boaz Weinstein's Q3 2014 filing shows 30 new, 71 increased, 62 reduced and 43 closed positions. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 89,329 shares worth $17.6M. The largest sale was Vanguard Total Bond Market, an estimated $93.8M.

By sector, the portfolio is most concentrated in Financials at 8.2% of assets, down from 8.2% a quarter earlier, followed by Energy and Consumer Discretionary.

  • Boaz Weinstein's largest Q3 2014 buy was State Street SPDR S&P 500 ETF Trust: 89,329 shares worth $17.6M.
  • Boaz Weinstein added most to TALISMAN ENERGY INC in Q3 2014, an estimated $24.8M increase.
  • Boaz Weinstein's biggest Q3 2014 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $73.1M.
  • Boaz Weinstein fully exited Vanguard Total Bond Market in Q3 2014, selling an estimated $93.8M.
  • Boaz Weinstein's ten largest holdings make up 30% of its $1.77B portfolio in Q3 2014.
  • Boaz Weinstein opened 30 new positions and closed 43 in Q3 2014.
  • Boaz Weinstein's portfolio value fell 7.4% quarter-over-quarter to $1.77B.

Based on Saba Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.