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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
-0.1%
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
$3.37B
AUM Growth
-$292M
Cap. Flow
-$275M
Cap. Flow %
-8.16%
Top 10 Hldgs %
47.48%
Holding
415
New
86
Increased
59
Reduced
59
Closed
65

Top Buys

Rank Stock Value
1
BPRE
Bluerock Private Real Estate Fund
BPRE
+$47.4M
2
ASA
ASA Gold and Precious Metals
ASA
+$37.3M
3
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$19.2M
4
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$14.6M
5
RMT
Royce Micro-Cap Trust
RMT
+$12.5M

Top Sells

Rank Stock Value
1
EVM
Eaton Vance California Municipal Bond Fund
EVM
+$43.1M
2
ENX
Eaton Vance New York Municipal Bond Fund
ENX
+$38.4M
3
ADX icon
Adams Diversified Equity Fund
ADX
+$29.9M
4
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.5M
5
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$20.7M

Sector Composition

Rank Sector Weight
1 Financials 7.78%
2 Technology 2.83%
3 Communication Services 2.24%
4 Consumer Discretionary 2.07%
5 Industrials 1.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVOXW
251
Evolution Global Acquisition Corp Warrants
EVOXW
$92.3K ﹤0.01%
+225,000
New +$85.5K
FUFUW icon
252
BitFuFu Inc Warrant
FUFUW
$1.02M
$92.1K ﹤0.01%
414,140
– –
MLACR
253
DELISTED
Mountain Lake Acquisition Corp Right
MLACR
$84K ﹤0.01%
+350,017
New +$137K
APXTW
254
Apex Treasury Corp Warrants
APXTW
$5.17M
$83.3K ﹤0.01%
+299,999
New +$91.3K
ANSCW
255
DELISTED
Agriculture & Natural Solutions Acquisition Corp Warrant
ANSCW
$83.2K ﹤0.01%
249,200
– –
FACTW
256
FACT II Acquisition Corp Warrant
FACTW
$1.36M
$83.1K ﹤0.01%
237,350
– –
OPTXW icon
257
Syntec Optics Holdings Warrant
OPTXW
$22.6M
$79.4K ﹤0.01%
332,000
– –
BDCIW
258
BTC Development Corp Warrant
BDCIW
$2.82M
$75.5K ﹤0.01%
+131,249
New +$98.9K
MACIW
259
Melar Acquisition Corp I Warrant
MACIW
$960K
$70.2K ﹤0.01%
438,551
– –
DYORW
260
Insight Digital Partners II Warrants
DYORW
$69.8K ﹤0.01%
+196,682
New +$65.3K
CRML icon
261
Critical Metals Corp
CRML
$1.04B
$69.4K ﹤0.01%
+10,000
New +$109K
HOVRW icon
262
New Horizon Aircraft Ltd
HOVRW
$11.7M
$63.3K ﹤0.01%
199,659
– –
FLYX.WS icon
263
flyExclusive Inc Warrants
FLYX.WS
$61.9K ﹤0.01%
230,500
– –
FCRS.WS
264
FutureCrest Acquisition Corp Warrants
FCRS.WS
$61K ﹤0.01%
+78,765
New +$61.4K
DNMXW
265
Dynamix Corp III Warrants
DNMXW
$60.4K ﹤0.01%
+174,999
New +$65.9K
AIIA.RT
266
AI Infrastructure Acquisition Corp Rights
AIIA.RT
$60.2K ﹤0.01%
+227,000
New +$60.5K
GCTS.WS
267
GCT Semiconductor Holding Warrants
GCTS.WS
$15.4M
$58.7K ﹤0.01%
710,648
– –
DAICW
268
CID HoldCo Inc Warrants
DAICW
$31.4K
$58.2K ﹤0.01%
726,048
– –
GPATW
269
GP-Act III Acquisition Corp Warrants
GPATW
$52.1K ﹤0.01%
193,229
– –
SVACW
270
DELISTED
Spring Valley Acquisition Corp III Warrant
SVACW
$51.9K ﹤0.01%
+83,332
New +$66.2K
HVIIR
271
Hennessy Capital Investment Corp VII Rights
HVIIR
$48.8K ﹤0.01%
175,000
– –
NPACW
272
New Providence Acquisition Corp III Warrants
NPACW
$48.3K ﹤0.01%
95,631
– –
RTACW
273
Renatus Tactical Acquisition Corp I Warrant
RTACW
$7.35M
$47.8K ﹤0.01%
56,866
– –
SBCWW
274
SBC Medical Group Warrants
SBCWW
$3.85M
$45.9K ﹤0.01%
200,000
– –
LWACW
275
LightWave Acquisition Corp Warrants
LWACW
$3.02M
$45.5K ﹤0.01%
197,486
– –
9 10
11
12 13

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Boaz Weinstein's Q4 2025 Portfolio in Review

As of Q4 2025, Boaz Weinstein held 415 positions worth $3.37B, down 8% from $3.66B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Boaz Weinstein withdrew a net $275M in Q4 2025, closing 65 positions and reducing 59 holdings. Its most notable exit was Eaton Vance California Municipal Bond Fund, an estimated $43.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, up from 4.4% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Boaz Weinstein opened a new position in Bluerock Private Real Estate Fund worth $46.1M.

  • Boaz Weinstein's largest Q4 2025 buy was Bluerock Private Real Estate Fund: 3,074,615 shares worth $46.1M.
  • Boaz Weinstein added most to ASA Gold and Precious Metals in Q4 2025, an estimated $37.3M increase.
  • Boaz Weinstein's biggest Q4 2025 reduction was BlackRock ESG Capital Allocation Term Trust, cutting an estimated $23.5M.
  • Boaz Weinstein fully exited Eaton Vance California Municipal Bond Fund in Q4 2025, selling an estimated $43.1M.
  • Boaz Weinstein's ten largest holdings make up 47% of its $3.37B portfolio in Q4 2025.
  • Boaz Weinstein opened 86 new positions and closed 65 in Q4 2025.
  • Boaz Weinstein's portfolio value fell 8% quarter-over-quarter to $3.37B.

Based on Saba Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.