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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
-0.45%
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
$958M
AUM Growth
-$289M
Cap. Flow
-$277M
Cap. Flow %
-28.95%
Top 10 Hldgs %
40.35%
Holding
171
New
24
Increased
6
Reduced
93
Closed
39

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$48.1M
2
BND icon
Vanguard Total Bond Market
BND
+$12.9M
3
DHG
Deutsche High Incm Opportunities
DHG
+$4.41M
4
SJNK icon
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
+$3.95M
5
OIBR
OI S A SPONSORED ADR REPSTG PFD NEW (BRA)
OIBR
+$3.51M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$22.8M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$17.6M
3
FAX
abrdn Asia-Pacific Income Fund
FAX
+$12.7M
4
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$10.1M
5
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$9.55M

Sector Composition

Rank Sector Weight
1 Financials 6.66%
2 Industrials 1.66%
3 Energy 1.63%
4 Real Estate 1.14%
5 Materials 0.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JCP
26
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
$12.8M 1.34%
1,520,200
-2,500,000
-62% -$19.5M
GDO
27
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.3M
$12.4M 1.3%
703,708
-145,064
-17% -$2.6M
HIO
28
Western Asset High Income Opportunity Fund
HIO
$335M
$12.3M 1.29%
2,320,559
-751,879
-24% -$4.03M
TLM
29
DELISTED
TALISMAN ENERGY INC
TLM
$11.3M 1.18%
1,468,244
-142,016
-9% -$1.09M
HYF
30
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
$10.7M 1.12%
5,581,157
-250,816
-4% -$476K
NHS
31
Neuberger High Yield Strategies Fund Inc
NHS
$249M
$10.5M 1.1%
852,869
-134,548
-14% -$1.68M
FCX icon
32
PUT
Freeport-McMoran
FCX
$110B
$10.4M 1.09%
+550,000
New +$10.9M
EMD
33
Western Asset Emerging Markets Debt Fund
EMD
$616M
$10.3M 1.08%
656,142
-265,423
-29% -$4.18M
MCR
34
DELISTED
MFS Charter Income Trust
MCR
$10.1M 1.05%
1,148,001
-515,265
-31% -$4.54M
SHLD
35
PUT
DELISTED
Sears Holding Corporation
SHLD
$9.05M 0.95%
218,800
-295,000
-57% -$10.7M
MMT
36
Aberdeen Multi-Market Income Fund
MMT
$243M
$8.69M 0.91%
1,368,775
-1,121,914
-45% -$7.12M
BGX
37
Blackstone Long-Short Credit Income Fund
BGX
$137M
$8.19M 0.85%
507,122
-179,459
-26% -$2.84M
KMM
38
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$7.61M 0.79%
899,008
-142,474
-14% -$1.21M
BWG
39
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$7.21M 0.75%
452,533
-87,978
-16% -$1.47M
MBI icon
40
PUT
MBIA
MBI
$250M
$6.76M 0.71%
727,300
-2,436,100
-77% -$21.7M
BHK icon
41
BlackRock Core Bond Trust
BHK
$644M
$6.35M 0.66%
459,599
-291,375
-39% -$3.97M
BOI
42
DELISTED
Brookfield Mtge Opportunity Fd
BOI
$5.91M 0.62%
358,656
-77,663
-18% -$1.28M
FSD
43
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$5.7M 0.6%
347,978
-128,688
-27% -$2.09M
B
44
Barrick Mining
B
$78.3B
$5.64M 0.59%
514,513
-366,831
-42% -$4.34M
VRE
45
DELISTED
Veris Residential
VRE
$5.64M 0.59%
292,320
-179,314
-38% -$3.46M
DOC icon
46
Healthpeak Properties
DOC
$14.8B
$5.24M 0.55%
133,069
-19,662
-13% -$789K
JHP
47
DELISTED
NUVEEN QUALITY PREFERRED INCOME FUND 3
JHP
$4.82M 0.5%
556,276
-302,502
-35% -$2.61M
PDT
48
John Hancock Premium Dividend Fund
PDT
$620M
$4.71M 0.49%
338,766
-428,135
-56% -$6.01M
GDF
49
DELISTED
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
$4.62M 0.48%
482,246
-72,662
-13% -$701K
CNX icon
50
CNX Resources
CNX
$5.38B
$4.33M 0.45%
186,360
-9,240
-5% -$235K
1
2
3 4 5

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Boaz Weinstein's Q1 2015 Portfolio in Review

As of Q1 2015, Boaz Weinstein held 171 positions worth $958M, down 23% from $1.25B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Boaz Weinstein withdrew a net $277M in Q1 2015, closing 39 positions and reducing 93 holdings. Its most notable exit was Quest Diagnostics, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, up from 6.3% a quarter earlier, followed by Industrials and Energy.

Against the trend, Boaz Weinstein opened a new position in iShares Core US Aggregate Bond ETF worth $48.2M.

  • Boaz Weinstein's largest Q1 2015 buy was iShares Core US Aggregate Bond ETF: 432,751 shares worth $48.2M.
  • Boaz Weinstein added most to Vanguard Total Bond Market in Q1 2015, an estimated $12.9M increase.
  • Boaz Weinstein's biggest Q1 2015 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $22.8M.
  • Boaz Weinstein fully exited Quest Diagnostics in Q1 2015, selling an estimated $6.39M.
  • Boaz Weinstein's ten largest holdings make up 40% of its $958M portfolio in Q1 2015.
  • Boaz Weinstein opened 24 new positions and closed 39 in Q1 2015.
  • Boaz Weinstein's portfolio value fell 23% quarter-over-quarter to $958M.

Based on Saba Capital Management's 13F filing for Q1 2015, filed 15 May 2015.