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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
SVACU
401
DELISTED
Spring Valley Acquisition Corp III Unit
SVACU
– –
-250,000
Closed -$2.57M
TLNCU
402
Talon Capital Corp Units
TLNCU
– –
-198,517
Closed -$1.99M
BLZRU
403
Trailblazer Acquisition Corp Unit
BLZRU
– –
-786,316
Closed -$8.04M
OTGAU
404
OTG Acquisition Corp I Unit
OTGAU
– –
-250,000
Closed -$2.52M
CHECU
405
Chenghe Acquisition III Co Units
CHECU
– –
-252,900
Closed -$2.52M
DMIIU
406
Drugs Made In America Acquisition II Corp Unit
DMIIU
– –
-199,500
Closed -$1.98M
FCRS.U
407
FutureCrest Acquisition Corp Units
FCRS.U
– –
-249,900
Closed -$2.65M
BCSS.U
408
Bain Capital GSS Investment Corp Units
BCSS.U
– –
-800,000
Closed -$8.07M
BDCIU
409
BTC Development Corp Unit
BDCIU
– –
-525,000
Closed -$5.3M
13 14 15 16
17

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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.