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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
+1.88%
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
+$52.4M
Cap. Flow
+$22.1M
Cap. Flow %
1.25%
Top 10 Hldgs %
34.58%
Holding
253
New
52
Increased
82
Reduced
55
Closed
46

Top Buys

Rank Stock Value
1
VCSH icon
Vanguard Short-Term Corporate Bond ETF
VCSH
+$34.1M
2
KBH icon
KB Home
KBH
+$28.3M
3
DSU icon
BlackRock Debt Strategies Fund
DSU
+$24M
4
FST
FOREST OIL CORPORATION
FST
+$23.2M
5
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$19.4M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$101M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$36.9M
3
GM icon
General Motors
GM
+$26.3M
4
FLOT icon
iShares Floating Rate Bond ETF
FLOT
+$24.1M
5
FSL
FREESCALE SEMICONDUCTOR LTD
FSL
+$19.1M

Sector Composition

Rank Sector Weight
1 Financials 8.61%
2 Consumer Discretionary 5.64%
3 Energy 3.35%
4 Industrials 2.29%
5 Materials 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LXK
251
PUT
DELISTED
Lexmark Intl Inc
LXK
– –
-250,000
Closed -$8.88M
AMTG
252
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
– –
-14,515
Closed -$215K
BSCF
253
DELISTED
CLAYMORE GUGGENHEIM BULLETSHARES 2015 CORP BD ETF
BSCF
– –
-55,625
Closed -$1.22M
7 8 9 10
11

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Boaz Weinstein's Q1 2014 Portfolio in Review

As of Q1 2014, Boaz Weinstein held 253 positions worth $1.77B, up 3% from $1.72B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Boaz Weinstein's Q1 2014 filing shows 52 new, 82 increased, 55 reduced and 46 closed positions. Its largest new stake was Vanguard Short-Term Corporate Bond ETF: 426,186 shares worth $34.1M. The largest sale was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $101M.

By sector, the portfolio is most concentrated in Financials at 8.6% of assets, up from 6.9% a quarter earlier, followed by Consumer Discretionary and Energy.

  • Boaz Weinstein's largest Q1 2014 buy was Vanguard Short-Term Corporate Bond ETF: 426,186 shares worth $34.1M.
  • Boaz Weinstein added most to KB Home in Q1 2014, an estimated $28.3M increase.
  • Boaz Weinstein's biggest Q1 2014 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $36.9M.
  • Boaz Weinstein fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2014, selling an estimated $101M.
  • Boaz Weinstein's ten largest holdings make up 35% of its $1.77B portfolio in Q1 2014.
  • Boaz Weinstein opened 52 new positions and closed 46 in Q1 2014.
  • Boaz Weinstein's portfolio value rose 3% quarter-over-quarter to $1.77B.

Based on Saba Capital Management's 13F filing for Q1 2014, filed 15 May 2014.