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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
BAC icon
326
Bank of America
BAC
$431B
– –
-32,482
Closed -$1.58M
CHN
327
DELISTED
China Fund
CHN
– –
-35,164
Closed -$524K
DISTR
328
DELISTED
Distoken Acquisition Corporation Right
DISTR
– –
-99,762
Closed -$28.9K
DISTW
329
DELISTED
Distoken Acquisition Corporation Warrant
DISTW
– –
-99,762
Closed -$9.98K
DMYY.WS
330
DELISTED
dMY Squared Technology Group Warrants
DMYY.WS
– –
-211,454
Closed -$385K
GRFS
331
Grifois
GRFS
$5.44B
– –
-269,686
Closed -$2.44M
HIPO icon
332
Hippo Holdings
HIPO
$874M
– –
-19,528
Closed -$545K
HNW
333
DELISTED
Pioneer Diversified High Income Fund
HNW
– –
-28,082
Closed -$351K
MARA icon
334
PUT
Marathon Digital Holdings
MARA
$4.35B
– –
-124,900
Closed -$1.96M
MAV
335
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
– –
-4,015,961
Closed -$33.3M
MHI
336
DELISTED
Pioneer Municipal High Income Fund
MHI
– –
-4,201,829
Closed -$38.5M
MHN
337
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
– –
-1,798,909
Closed -$17.7M
MIO
338
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
– –
-2,161,352
Closed -$25.5M
MPA icon
339
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$143M
– –
-1,177,841
Closed -$12.7M
MUJ icon
340
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$648M
– –
-186,623
Closed -$2.04M
MYN icon
341
BlackRock MuniYield New York Quality Fund
MYN
$371M
– –
-682,211
Closed -$6.5M
NU icon
342
Nu Holdings
NU
$70.4B
– –
-19,928
Closed -$278K
ACH
343
Accendra Health
ACH
$92.3M
– –
-74,255
Closed -$676K
PCK
344
DELISTED
Pimco California Municipal Income Fund II
PCK
– –
-1,758,771
Closed -$9.43M
PHT
345
DELISTED
Pioneer High Income Fund
PHT
– –
-350,342
Closed -$2.83M
PNI
346
PIMCO New York Municipal Income Fund II
PNI
$76.4M
– –
-384,989
Closed -$2.59M
PYN
347
DELISTED
PIMCO New York Municipal Income Fund III
PYN
– –
-164,840
Closed -$864K
RA
348
Brookfield Real Assets Income Fund
RA
$693M
– –
-693,898
Closed -$9.28M
STLN
349
Starling Oncology
STLN
$658M
– –
-94,264
Closed -$193K
UBS icon
350
UBS Group
UBS
$163B
– –
-7,844
Closed -$305K
11 12 13
14
15

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NAM
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FFGIM
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CIP
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LNC
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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.