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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
WALDW icon
301
Waldencast PLC Warrant
WALDW
$3.89K ﹤0.01%
99,998
– –
LVWR.WS icon
302
LiveWire Group Warrants
LVWR.WS
$4.97M
$3.66K ﹤0.01%
49,203
– –
HUBCW icon
303
Hub Cyber Security Warrant 2/27/28
HUBCW
$165K
$3.35K ﹤0.01%
179,799
– –
PARAW
304
Banzai International Warrant
PARAW
$153K
$3.31K ﹤0.01%
124,100
– –
ALUR.WS
305
DELISTED
Allurion Technologies Warrants
ALUR.WS
$3.29K ﹤0.01%
122,683
– –
BNAIW
306
Brand Engagement Network Warrant
BNAIW
$3.25K ﹤0.01%
212,302
– –
ALCYW
307
DELISTED
Alchemy Investments Acquisition Corp 1 Warrants
ALCYW
$3.14K ﹤0.01%
21,669
– –
OABIW icon
308
OmniAb Inc Warrant
OABIW
$18.9M
$2.86K ﹤0.01%
19,900
-100
-0.5% -$22
FORLW
309
DELISTED
Four Leaf Acquisition Corp Warrants
FORLW
$2.67K ﹤0.01%
65,000
– –
ECXWW
310
ECARX Holdings Warrants
ECXWW
$2.42K ﹤0.01%
43,358
– –
SWVLW icon
311
Swvl Holdings Corp Warrant
SWVLW
$2.31K ﹤0.01%
170,222
– –
ORGNW
312
DELISTED
Origin Materials Inc Warrants
ORGNW
$2.28K ﹤0.01%
155,950
– –
LOTWW
313
Lotus Technology Inc Warrants
LOTWW
$2.06K ﹤0.01%
26,945
– –
CREVW
314
DELISTED
Carbon Revolution PLC Warrant
CREVW
$1.93K ﹤0.01%
81,901
– –
BAERW icon
315
Bridger Aerospace Warrant
BAERW
$10.4M
$1.66K ﹤0.01%
18,752
– –
BSLKW
316
DELISTED
Bolt Projects Holdings Warrant
BSLKW
$1.64K ﹤0.01%
41,097
– –
ASTLW icon
317
Algoma Steel Group Warrant
ASTLW
$242K
$1.56K ﹤0.01%
10,200
– –
ADVWW
318
DELISTED
Advantage Solutions Warrant
ADVWW
$1.34K ﹤0.01%
151,879
– –
RMCOW icon
319
Royalty Management Holding Warrant
RMCOW
$1.54M
$982 ﹤0.01%
19,443
– –
PERF.WS
320
DELISTED
Perfect Corp Warrants
PERF.WS
$905 ﹤0.01%
41,822
– –
CCGWW
321
Cheche Group Inc Warrant
CCGWW
$796 ﹤0.01%
22,099
– –
BFLY.WS
322
DELISTED
Butterfly Network Inc Warrants
BFLY.WS
$714 ﹤0.01%
16,866
– –
SLXNW
323
Silexion Therapeutics Warrant
SLXNW
$421 ﹤0.01%
11,937
– –
AEF
324
abrdn Emerging Markets Equity Income Fund
AEF
$381M
– –
-46,174
Closed -$274K
AVPTW
325
DELISTED
AvePoint Inc Warrant
AVPTW
– –
-126,377
Closed -$982K
11 12
13
14 15

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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.