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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
+8.29%
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
$3.66B
AUM Growth
-$599M
Cap. Flow
-$853M
Cap. Flow %
-23.31%
Top 10 Hldgs %
44.39%
Holding
376
New
53
Increased
42
Reduced
87
Closed
47

Top Buys

Rank Stock Value
1
ASA
ASA Gold and Precious Metals
ASA
+$50.9M
2
RVT icon
Royce Value Trust
RVT
+$22.1M
3
TY icon
TRI-Continental Corp
TY
+$17M
4
WENN
Wen Acquisition Corp
WENN
+$15.9M
5
GAM
General American Investors Company
GAM
+$14.1M

Top Sells

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$445M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$101M
3
MHI
Pioneer Municipal High Income Fund
MHI
+$38.5M
4
ADX icon
Adams Diversified Equity Fund
ADX
+$33.4M
5
MAV
Pioneer Municipal High Income Advantage Fund
MAV
+$33.3M

Sector Composition

Rank Sector Weight
1 Financials 4.4%
2 Technology 2.69%
3 Communication Services 2.13%
4 Consumer Discretionary 1.37%
5 Industrials 1.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ANSCW
251
DELISTED
Agriculture & Natural Solutions Acquisition Corp Warrant
ANSCW
$50.5K ﹤0.01%
249,200
– –
ZOOZW
252
ZOOZ Strategy Ltd Warrant
ZOOZW
$153K
$46.3K ﹤0.01%
262,498
– –
SIMAW
253
SIM Acquisition Corp I Warrant
SIMAW
$45.9K ﹤0.01%
111,217
– –
SBCWW
254
SBC Medical Group Warrants
SBCWW
$3.85M
$43.4K ﹤0.01%
200,000
– –
GRABW icon
255
Grab Holdings Warrant
GRABW
$819K
$42.8K ﹤0.01%
84,913
– –
MDAIW icon
256
Spectral AI Warrants
MDAIW
$41.7K ﹤0.01%
59,763
– –
NPACW
257
New Providence Acquisition Corp III Warrants
NPACW
$41.1K ﹤0.01%
95,631
– –
FOXXW
258
Foxx Development Holdings Warrant
FOXXW
$37.7K ﹤0.01%
244,962
– –
LWACW
259
LightWave Acquisition Corp Warrants
LWACW
$3.02M
$36.7K ﹤0.01%
+197,486
New +$34.5K
ZEOWW
260
Zeo Energy Corp Warrants
ZEOWW
$36.2K ﹤0.01%
726,030
– –
RDZNW icon
261
Roadzen Inc Warrants
RDZNW
$34.7K ﹤0.01%
541,499
– –
LIMNW
262
Liminatus Pharma Warrants
LIMNW
$349K
$34.6K ﹤0.01%
233,761
– –
SCAGW
263
Scage Future Warrants
SCAGW
$437K
$33K ﹤0.01%
+660,109
New +$38K
HLLY.WS
264
DELISTED
Holley Inc Warrants
HLLY.WS
$32.6K ﹤0.01%
298,716
– –
ARBEW icon
265
Arbe Robotics Warrant
ARBEW
$322K
$31.3K ﹤0.01%
114,180
– –
EONR.WS
266
EON Resources Warrants
EONR.WS
$31.3K ﹤0.01%
500,000
– –
ASBPW
267
Aspire Biopharma Warrant
ASBPW
$316K
$29.4K ﹤0.01%
983,603
– –
PLMKW
268
Plum Acquisition Corp IV Warrants
PLMKW
$29K ﹤0.01%
99,999
– –
OPTXW icon
269
Syntec Optics Holdings Warrant
OPTXW
$22.6M
$28.9K ﹤0.01%
332,000
– –
SBXD.WS
270
SilverBox Corp IV Warrants
SBXD.WS
$28.1K ﹤0.01%
67,710
– –
ABPWW
271
DELISTED
Abpro Holdings Warrant
ABPWW
$27.2K ﹤0.01%
997,048
– –
MRNOW
272
Murano Global Investments PLC Warrants
MRNOW
$137K
$25.5K ﹤0.01%
174,998
– –
CYCUW
273
Cycurion Inc Warrant
CYCUW
$315K
$24.6K ﹤0.01%
500,000
– –
ALFUW
274
Centurion Acquisition Corp Warrant
ALFUW
$4.31M
$24.3K ﹤0.01%
71,410
– –
GTENW
275
Gores Holdings X Warrants
GTENW
$24K ﹤0.01%
31,616
– –
9 10
11
12 13

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Boaz Weinstein's Q3 2025 Portfolio in Review

As of Q3 2025, Boaz Weinstein held 376 positions worth $3.66B, down 14% from $4.26B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Boaz Weinstein withdrew a net $853M in Q3 2025, closing 47 positions and reducing 87 holdings. Its most notable exit was BlackRock Technology and Private Equity Term Trust, an estimated $445M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.4% of assets, up from 2.6% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Boaz Weinstein opened a new position in Royce Value Trust worth $22.6M.

  • Boaz Weinstein's largest Q3 2025 buy was Royce Value Trust: 1,404,173 shares worth $22.6M.
  • Boaz Weinstein added most to ASA Gold and Precious Metals in Q3 2025, an estimated $50.9M increase.
  • Boaz Weinstein's biggest Q3 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $101M.
  • Boaz Weinstein fully exited BlackRock Technology and Private Equity Term Trust in Q3 2025, selling an estimated $445M.
  • Boaz Weinstein's ten largest holdings make up 44% of its $3.66B portfolio in Q3 2025.
  • Boaz Weinstein opened 53 new positions and closed 47 in Q3 2025.
  • Boaz Weinstein's portfolio value fell 14% quarter-over-quarter to $3.66B.

Based on Saba Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.