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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
+3.86%
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
$5.24B
AUM Growth
-$2.15B
Cap. Flow
-$2.37B
Cap. Flow %
-45.31%
Top 10 Hldgs %
21.94%
Holding
1,000
New
76
Increased
83
Reduced
101
Closed
235

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$52.7M
2
ADX icon
Adams Diversified Equity Fund
ADX
+$44.1M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$42.2M
4
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$32.3M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$25.2M

Top Sells

Rank Stock Value
1
HERA
FTAC Hera Acquisition Corp. Class A Ordinary Shares
HERA
+$45.5M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$40.6M
3
BCSA
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
+$36.4M
4
FSNB
Fusion Acquisition Corp. II
FSNB
+$34.8M
5
PTOC
Pine Technology Acquisition Corp. Class A Common Stock
PTOC
+$34M

Sector Composition

Rank Sector Weight
1 Financials 32.09%
2 Industrials 3.09%
3 Technology 2.81%
4 Consumer Discretionary 1.8%
5 Healthcare 1.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IPVF
451
DELISTED
InterPrivate III Financial Partners Inc.
IPVF
$123K ﹤0.01%
12,041
– –
STET.WS
452
DELISTED
ST Energy Transition I Ltd. Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50, included as part of the SAIL securities
STET.WS
$123K ﹤0.01%
721,351
– –
USCTW
453
DELISTED
Roth CH Acquisition Co. Warrant
USCTW
$122K ﹤0.01%
751,485
– –
NMT icon
454
Nuveen Massachusetts Quality Municipal Income Fund
NMT
$128M
$121K ﹤0.01%
+11,374
New +$123K
BRACR
455
DELISTED
Broad Capital Acquisition Corp Rights
BRACR
$120K ﹤0.01%
800,000
– –
WTMAR
456
DELISTED
Welsbach Technology Metals Acquisition Corp. one right to receive 1/10th of a share of common stock
WTMAR
$120K ﹤0.01%
600,000
– –
STLN
457
Starling Oncology
STLN
$658M
$118K ﹤0.01%
174,513
– –
AXAC.RT
458
DELISTED
AXIOS Sustainable Growth Acquisition Corporation Rights to receive one-tenth (1/10) of one Class A ordinary share
AXAC.RT
$115K ﹤0.01%
601,039
– –
NOGN
459
DELISTED
Nogin, Inc. Common Stock
NOGN
$115K ﹤0.01%
42,378
-1
-0% -$12
YOTAR
460
DELISTED
Yotta Acquisition Corporation Right
YOTAR
$114K ﹤0.01%
800,012
– –
MTAL.WS
461
DELISTED
Metals Acquisition Limited Warrants to purchase one share of Ordinary Share, each at an exercise price of $11.50 per share
MTAL.WS
$114K ﹤0.01%
154,082
– –
FSD
462
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$114K ﹤0.01%
10,000
-154,756
-94% -$1.79M
AIRJW
463
AirJoule Technologies Warrant
AIRJW
$73.3M
$113K ﹤0.01%
941,408
– –
FEXDR
464
DELISTED
Fintech Ecosystem Development Corp. Right
FEXDR
$108K ﹤0.01%
939,124
– –
BLEUR
465
DELISTED
bleuacacia ltd Rights
BLEUR
$108K ﹤0.01%
2,475,000
– –
HLLY.WS
466
DELISTED
Holley Inc Warrants
HLLY.WS
$108K ﹤0.01%
298,716
– –
ORGNW
467
DELISTED
Origin Materials Inc Warrants
ORGNW
$105K ﹤0.01%
154,200
– –
SPECW
468
DELISTED
Spectaire Holdings, Inc. Warrant
SPECW
$104K ﹤0.01%
957,361
– –
VVR icon
469
Invesco Senior Income Trust
VVR
$454M
$103K ﹤0.01%
+28,000
New +$109K
GSRMR
470
DELISTED
GSR II Meteora Acquisition Corp. Right
GSRMR
$103K ﹤0.01%
120,915
– –
SVIIR
471
DELISTED
Spring Valley Acquisition Corp II Rights
SVIIR
$103K ﹤0.01%
500,000
– –
GFGDW
472
DELISTED
The Growth for Good Acquisition Corporation Warrant
GFGDW
$102K ﹤0.01%
1,067,024
– –
ASCBR
473
DELISTED
A SPAC II Acquisition Corp. Right
ASCBR
$98.1K ﹤0.01%
1,075,000
– –
AAC.WS
474
DELISTED
Ares Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
AAC.WS
$97.4K ﹤0.01%
109,407
– –
SCRMW
475
DELISTED
Screaming Eagle Acquisition Corp. Warrant
SCRMW
$96.6K ﹤0.01%
411,176
– –
17 18
19
20 21

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Boaz Weinstein's Q1 2023 Portfolio in Review

As of Q1 2023, Boaz Weinstein held 1,000 positions worth $5.24B, down 29% from $7.39B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Boaz Weinstein withdrew a net $2.37B in Q1 2023, closing 235 positions and reducing 101 holdings. Its most notable exit was FTAC Hera Acquisition Corp. Class A Ordinary Shares, an estimated $45.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 44% a quarter earlier, followed by Industrials and Technology.

Against the trend, Boaz Weinstein opened a new position in Adams Diversified Equity Fund worth $45M.

  • Boaz Weinstein's largest Q1 2023 buy was Adams Diversified Equity Fund: 2,895,323 shares worth $45M.
  • Boaz Weinstein added most to BlackRock Technology and Private Equity Term Trust in Q1 2023, an estimated $52.7M increase.
  • Boaz Weinstein's biggest Q1 2023 reduction was Ares Acquisition Corporation, cutting an estimated $27.3M.
  • Boaz Weinstein fully exited FTAC Hera Acquisition Corp. Class A Ordinary Shares in Q1 2023, selling an estimated $45.5M.
  • Boaz Weinstein's ten largest holdings make up 22% of its $5.24B portfolio in Q1 2023.
  • Boaz Weinstein opened 76 new positions and closed 235 in Q1 2023.
  • Boaz Weinstein's portfolio value fell 29% quarter-over-quarter to $5.24B.

Based on Saba Capital Management's 13F filing for Q1 2023, filed 15 May 2023.