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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
-3.71%
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
$4.17B
AUM Growth
+$325M
Cap. Flow
+$544M
Cap. Flow %
13.06%
Top 10 Hldgs %
34.08%
Holding
670
New
43
Increased
119
Reduced
67
Closed
97

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$42.9M
2
ADX icon
Adams Diversified Equity Fund
ADX
+$40.8M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$32M
4
PDX
PIMCO Dynamic Income Strategy Fund
PDX
+$30.2M
5
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.1M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$29.1M
2
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$27.2M
3
ZING
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
+$21.5M
4
ESTE
Earthstone Energy Inc. Class A Common Stock
ESTE
+$15.4M
5
IRRX
Integrated Rail and Resources Acquisition Corp.
IRRX
+$15.2M

Sector Composition

Rank Sector Weight
1 Financials 5.94%
2 Consumer Discretionary 1.01%
3 Industrials 0.95%
4 Technology 0.77%
5 Materials 0.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRLA
251
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$927K 0.02%
84,824
– –
ACAQ
252
DELISTED
Athena Consumer Acquisition Corp.
ACAQ
$900K 0.02%
81,930
-38,426
-32% -$421K
TWN
253
Taiwan Fund
TWN
$561M
$889K 0.02%
29,654
– –
BOE icon
254
BlackRock Enhanced Global Dividend Trust
BOE
$689M
$825K 0.02%
87,475
– –
SABR icon
255
Sabre
SABR
$848M
$800K 0.02%
178,070
– –
BGB
256
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
$796K 0.02%
72,452
-800
-1% -$8.86K
TGAA
257
DELISTED
Target Global Acquisition I Corp. Class A Ordinary Share
TGAA
$792K 0.02%
72,985
– –
JRS icon
258
Nuveen Real Estate Income Fund
JRS
$245M
$729K 0.02%
+108,742
New +$793K
GRNT icon
259
Granite Ridge Resources
GRNT
$674M
$707K 0.02%
115,878
-76,090
-40% -$531K
EMF
260
Templeton Emerging Markets Fund
EMF
$333M
$706K 0.02%
62,414
– –
FORLU
261
DELISTED
Four Leaf Acquisition Corp Unit
FORLU
$684K 0.02%
65,000
– –
ARBE icon
262
Arbe Robotics
ARBE
$91.1M
$671K 0.02%
288,061
– –
VGM icon
263
Invesco Trust Investment Grade Municipals
VGM
$559M
$664K 0.02%
+78,070
New +$732K
JPT
264
DELISTED
Nuveen Preferred and Income Fund
JPT
$649K 0.02%
+41,356
New +$661K
FLC
265
Flaherty & Crumrine Total Return Fund
FLC
$175M
$615K 0.01%
+44,933
New +$636K
BWG
266
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$594K 0.01%
79,064
-34,252
-30% -$276K
GLQ
267
Clough Global Equity Fund
GLQ
$152M
$560K 0.01%
102,242
– –
AEF
268
abrdn Emerging Markets Equity Income Fund
AEF
$381M
$554K 0.01%
116,183
– –
KF
269
Korea Fund
KF
$267M
$553K 0.01%
26,272
– –
PFO
270
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$118M
$528K 0.01%
+70,962
New +$548K
GLV
271
Clough Global Dividend & Income Fund
GLV
$76.4M
$509K 0.01%
102,455
– –
DUET
272
DELISTED
DUET Acquisition Corp. Class A Common Stock
DUET
$486K 0.01%
45,411
– –
GT icon
273
Goodyear
GT
$1.72B
$435K 0.01%
35,000
-40,000
-53% -$544K
DTI icon
274
Drilling Tools International
DTI
$92.1M
$399K 0.01%
102,363
-20,930
-17% -$89.6K
MIR.WS
275
DELISTED
Mirion Technologies, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
MIR.WS
$374K 0.01%
280,126
– –
9 10
11
12 13

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Boaz Weinstein's Q3 2023 Portfolio in Review

As of Q3 2023, Boaz Weinstein held 670 positions worth $4.17B, up 8.5% from $3.84B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Boaz Weinstein deployed $544M of net new capital in Q3 2023, opening 43 new positions and adding to 119 existing holdings. Its largest new stake was Ford: 1,022,934 shares worth $12.7M.

By sector, the portfolio is most concentrated in Financials at 5.9% of assets, down from 14% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund II, an estimated $29.1M trimmed.

  • Boaz Weinstein's largest Q3 2023 buy was Ford: 1,022,934 shares worth $12.7M.
  • Boaz Weinstein added most to BlackRock Technology and Private Equity Term Trust in Q3 2023, an estimated $42.9M increase.
  • Boaz Weinstein's biggest Q3 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $29.1M.
  • Boaz Weinstein fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2023, selling an estimated $27.2M.
  • Boaz Weinstein's ten largest holdings make up 34% of its $4.17B portfolio in Q3 2023.
  • Boaz Weinstein opened 43 new positions and closed 97 in Q3 2023.
  • Boaz Weinstein's portfolio value rose 8.5% quarter-over-quarter to $4.17B.

Based on Saba Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.