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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
-0.58%
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
$1.05B
AUM Growth
-$227M
Cap. Flow
-$168M
Cap. Flow %
-16%
Top 10 Hldgs %
43.29%
Holding
121
New
16
Increased
31
Reduced
34
Closed
22

Top Buys

Rank Stock Value
1
RSX
VanEck Russia ETF
RSX
+$19.9M
2
ERC
Allspring Multi-Sector Income Fund
ERC
+$16M
3
EVG
Eaton Vance Short Duration Diversified Income Fund
EVG
+$13M
4
FTF
Franklin Limited Duration Income Trust
FTF
+$12.2M
5
APC
Anadarko Petroleum
APC
+$5.02M

Top Sells

Rank Stock Value
1
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.6M
2
JLS icon
Nuveen Mortgage and Income Fund
JLS
+$6.79M
3
VRE
Veris Residential
VRE
+$4.92M
4
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$4.45M
5
JHP
NUVEEN QUALITY PREFERRED INCOME FUND 3
JHP
+$3.91M

Sector Composition

Rank Sector Weight
1 Financials 4.52%
2 Energy 0.96%
3 Communication Services 0.56%
4 Consumer Discretionary 0.44%
5 Real Estate 0.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMD
26
DELISTED
Western Asset Emerging Markets
EMD
$14M 1.33%
1,438,577
– –
EVG
27
Eaton Vance Short Duration Diversified Income Fund
EVG
$142M
$13.3M 1.27%
993,166
+980,070
+7,484% +$13M
KMM
28
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$13.3M 1.27%
1,743,029
+162,557
+10% +$1.21M
PBR icon
29
PUT
Petrobras
PBR
$123B
$11.3M 1.08%
2,622,400
-10,440,900
-80% -$50.8M
EAD
30
Allspring Income Opportunities Fund
EAD
$375M
$11.1M 1.06%
1,490,869
-501,419
-25% -$3.8M
HYF
31
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
$10.8M 1.03%
6,132,069
– –
NHS
32
Neuberger High Yield Strategies Fund Inc
NHS
$249M
$10.6M 1.01%
1,054,630
-74,199
-7% -$762K
BOI
33
DELISTED
Brookfield Mtge Opportunity Fd
BOI
$9.94M 0.95%
673,696
+61,189
+10% +$894K
NE
34
PUT
DELISTED
Noble Corporation
NE
$9.65M 0.92%
+914,300
New +$11.5M
CIK
35
Credit Suisse Asset Management Income Fund
CIK
$133M
$9.58M 0.91%
3,446,796
+1,323,540
+62% +$3.77M
GHI
36
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
$9.55M 0.91%
1,123,257
-2,900
-0.3% -$25K
BGX
37
Blackstone Long-Short Credit Income Fund
BGX
$137M
$8.71M 0.83%
646,090
+97,998
+18% +$1.36M
MCR
38
DELISTED
MFS Charter Income Trust
MCR
$8.3M 0.79%
1,089,442
+237,540
+28% +$1.89M
FAX
39
abrdn Asia-Pacific Income Fund
FAX
$610M
$8.09M 0.77%
294,850
+13,344
+5% +$368K
BTZ icon
40
BlackRock Credit Allocation Income Trust
BTZ
$947M
$7.71M 0.74%
625,032
-277,369
-31% -$3.42M
MMT
41
Aberdeen Multi-Market Income Fund
MMT
$243M
$7.48M 0.71%
1,357,565
+417,617
+44% +$2.38M
CHK
42
PUT
DELISTED
Chesapeake Energy Corporation
CHK
$6.39M 0.61%
+7,100
New +$8.83M
AWF
43
AllianceBernstein Global High Income Fund
AWF
$874M
$5.2M 0.5%
482,245
-25,000
-5% -$279K
GDF
44
DELISTED
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
$5.03M 0.48%
650,794
– –
GNW icon
45
PUT
Genworth Financial
GNW
$3.73B
$4.93M 0.47%
+1,321,500
New +$6.11M
GDO
46
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.3M
$4.86M 0.46%
307,266
-122,669
-29% -$2.02M
VLT icon
47
Invesco High Income Trust II
VLT
$64.2M
$4.63M 0.44%
360,000
+7,427
+2% +$97.8K
EMD
48
Western Asset Emerging Markets Debt Fund
EMD
$616M
$4.2M 0.4%
306,177
-214,555
-41% -$3.01M
FTR
49
DELISTED
Frontier Communications Corp.
FTR
$4.05M 0.39%
57,837
+43,108
+293% +$3.2M
APC
50
DELISTED
Anadarko Petroleum
APC
$3.98M 0.38%
+82,000
New +$5.02M
1
2
3 4 5

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Boaz Weinstein's Q4 2015 Portfolio in Review

As of Q4 2015, Boaz Weinstein held 121 positions worth $1.05B, down 18% from $1.28B the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Boaz Weinstein withdrew a net $168M in Q4 2015, closing 22 positions and reducing 34 holdings. Its most notable exit was Nuveen Mortgage and Income Fund, an estimated $6.79M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.5% of assets, up from 4% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Boaz Weinstein opened a new position in VanEck Russia ETF worth $17.8M.

  • Boaz Weinstein's largest Q4 2015 buy was VanEck Russia ETF: 1,215,200 shares worth $17.8M.
  • Boaz Weinstein added most to Allspring Multi-Sector Income Fund in Q4 2015, an estimated $16M increase.
  • Boaz Weinstein's biggest Q4 2015 reduction was BlackRock Corporate High Yield Fund, cutting an estimated $12.6M.
  • Boaz Weinstein fully exited Nuveen Mortgage and Income Fund in Q4 2015, selling an estimated $6.79M.
  • Boaz Weinstein's ten largest holdings make up 43% of its $1.05B portfolio in Q4 2015.
  • Boaz Weinstein opened 16 new positions and closed 22 in Q4 2015.
  • Boaz Weinstein's portfolio value fell 18% quarter-over-quarter to $1.05B.

Based on Saba Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.