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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
MTAL.WS
276
DELISTED
Metals Acquisition Limited Warrants to purchase one share of Ordinary Share, each at an exercise price of $11.50 per share
MTAL.WS
$371K 0.01%
184,586
+19,177
+12% +$32.9K
BTMWW
277
DELISTED
Bitcoin Depot Inc Warrant
BTMWW
$358K 0.01%
+1,884,698
New +$400K
PAYOW
278
DELISTED
Payoneer Global Inc. Warrant
PAYOW
$356K 0.01%
438,861
– –
MFD
279
DELISTED
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
$347K 0.01%
+49,968
New +$382K
AOD
280
abrdn Total Dynamic Dividend Fund
AOD
$1.13B
$334K 0.01%
44,115
– –
SDC
281
PUT
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
$317K 0.01%
+763,100
New +$436K
BTM
282
DELISTED
Bitcoin Depot
BTM
$305K 0.01%
+16,559
New +$366K
BHV icon
283
BlackRock Virginia Muni Bond Trust
BHV
$19.9M
$285K 0.01%
+30,668
New +$316K
VFSWW
284
PUT
VinFast Auto Ltd Warrant
VFSWW
$573M
$283K 0.01%
+22,600
New +$91K
GLO
285
Clough Global Opportunities Fund
GLO
$248M
$276K 0.01%
62,393
– –
FDEU
286
DELISTED
First Trust Dynamic Europe Equity Income Fund
FDEU
$272K 0.01%
21,921
– –
JGGCR
287
DELISTED
Jaguar Global Growth Corporation I Right
JGGCR
$265K 0.01%
1,300,000
– –
PHD
288
DELISTED
Pioneer Floating Rate Fund
PHD
$264K 0.01%
29,318
-52,597
-64% -$472K
MQT
289
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$264K 0.01%
+29,313
New +$287K
JPC icon
290
Nuveen Preferred & Income Opportunities Fund
JPC
$2.82B
$262K 0.01%
+41,363
New +$267K
JEQ
291
DELISTED
abrdn Japan Equity Fund
JEQ
$251K 0.01%
46,838
-200
-0.4% -$1.15K
MSFT icon
292
Microsoft
MSFT
$3.59T
$242K 0.01%
767
-192
-20% -$63.4K
PFD
293
Flaherty & Crumrine Preferred and Income Fund
PFD
$145M
$232K 0.01%
+25,375
New +$248K
IVCBW
294
DELISTED
Investcorp Europe Acquisition Corp I Warrant
IVCBW
$217K 0.01%
899,952
– –
ASCBR
295
DELISTED
A SPAC II Acquisition Corp. Right
ASCBR
$204K ﹤0.01%
1,075,000
– –
HLLY.WS
296
DELISTED
Holley Inc Warrants
HLLY.WS
$202K ﹤0.01%
298,716
– –
NVACR
297
DELISTED
NorthView Acquisition Corporation Rights
NVACR
$201K ﹤0.01%
1,179,462
– –
NOM
298
DELISTED
Nuveen Missouri Quality Municipal Income Fund
NOM
$189K ﹤0.01%
20,527
+8,944
+77% +$87.8K
FRBNW
299
DELISTED
Forbion European Acquisition Corp. Warrants
FRBNW
$173K ﹤0.01%
230,470
– –
GHIXW
300
DELISTED
Gores Holdings IX, Inc. Warrant
GHIXW
$171K ﹤0.01%
854,745
– –
10 11
12
13 14

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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.