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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
-0.77%
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
$1.61B
AUM Growth
-$195M
Cap. Flow
-$171M
Cap. Flow %
-10.65%
Top 10 Hldgs %
55.17%
Holding
142
New
11
Increased
33
Reduced
30
Closed
48

Top Buys

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$23.8M
2
HIX
Western Asset High Income Fund II
HIX
+$17.1M
3
EAD
Allspring Income Opportunities Fund
EAD
+$13.5M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$12.6M
5
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$12M

Top Sells

Rank Stock Value
1
DSU icon
BlackRock Debt Strategies Fund
DSU
+$33.1M
2
ORCL icon
Oracle
ORCL
+$19.5M
3
CIK
Credit Suisse Asset Management Income Fund
CIK
+$15.8M
4
THC icon
Tenet Healthcare
THC
+$14.9M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$10.2M

Sector Composition

Rank Sector Weight
1 Technology 2.68%
2 Healthcare 1.7%
3 Financials 1.33%
4 Communication Services 0.88%
5 Energy 0.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MBI icon
26
PUT
MBIA
MBI
$250M
$18.9M 1.18%
2,088,100
-3,245,300
-61% -$29.3M
GAM
27
General American Investors Company
GAM
$1.61B
$18.7M 1.17%
545,294
-87,582
-14% -$3M
IBM icon
28
IBM
IBM
$222B
$15M 0.94%
112,636
+45,672
+68% +$6.37M
GOOG icon
29
Alphabet (Google) Class C
GOOG
$4.18T
$13.9M 0.87%
249,860
+1,000
+0.4% +$54K
IVH
30
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$13.7M 0.86%
959,144
+182,101
+23% +$2.6M
TXN icon
31
Texas Instruments
TXN
$241B
$11.9M 0.74%
+107,546
New +$11.6M
HYI
32
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
$11.9M 0.74%
812,556
+96,366
+13% +$1.41M
NTC
33
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$11.6M 0.72%
973,058
+742,549
+322% +$8.69M
PBI icon
34
PUT
Pitney Bowes
PBI
$2.26B
$11.2M 0.7%
1,304,500
-1,450,500
-53% -$14M
GHY
35
PGIM Global High Yield Fund
GHY
$474M
$10.9M 0.68%
795,960
+99,512
+14% +$1.37M
VLT icon
36
Invesco High Income Trust II
VLT
$64.2M
$10.9M 0.68%
804,871
– –
AAPL icon
37
Apple
AAPL
$4.51T
$9.95M 0.62%
215,068
+176,960
+464% +$8.03M
MSD
38
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$8.81M 0.55%
1,007,319
-183,734
-15% -$1.67M
KMM
39
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$7.02M 0.44%
796,597
– –
PKD
40
DELISTED
Parker Drilling Company
PKD
$6.2M 0.39%
1,087,570
+486,537
+81% +$3.71M
NHS
41
Neuberger High Yield Strategies Fund Inc
NHS
$249M
$6.18M 0.39%
571,468
– –
SABA
42
Saba Capital Income & Opportunities Fund II
SABA
$219M
$5.77M 0.36%
469,983
-40,691
-8% -$514K
AVP
43
DELISTED
Avon Products, Inc.
AVP
$5.57M 0.35%
3,436,757
+1,587,310
+86% +$3.36M
CHK
44
DELISTED
Chesapeake Energy Corporation
CHK
$4.96M 0.31%
4,736
-1,250
-21% -$968K
RGT
45
Royce Global Value Trust
RGT
$101M
$4.77M 0.3%
454,126
+34,252
+8% +$374K
IGR
46
CBRE Global Real Estate Income Fund
IGR
$698M
$4.77M 0.3%
632,953
– –
BWG
47
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$4.42M 0.28%
388,320
-159,682
-29% -$1.94M
AWF
48
AllianceBernstein Global High Income Fund
AWF
$874M
$3.67M 0.23%
318,432
+48,857
+18% +$572K
NGD
49
DELISTED
New Gold Inc
NGD
$3.59M 0.22%
1,728,037
+235,750
+16% +$545K
RRD
50
DELISTED
RR Donnelley & Sons Co.
RRD
$3.34M 0.21%
581,474
+409,628
+238% +$3.02M
1
2
3 4 5

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Boaz Weinstein's Q2 2018 Portfolio in Review

As of Q2 2018, Boaz Weinstein held 142 positions worth $1.61B, down 11% from $1.8B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Boaz Weinstein withdrew a net $171M in Q2 2018, closing 48 positions and reducing 30 holdings. Its most notable exit was Oracle, an estimated $19.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.7% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Boaz Weinstein opened a new position in Texas Instruments worth $11.9M.

  • Boaz Weinstein's largest Q2 2018 buy was Texas Instruments: 107,546 shares worth $11.9M.
  • Boaz Weinstein added most to iShares 7-10 Year Treasury Bond ETF in Q2 2018, an estimated $23.8M increase.
  • Boaz Weinstein's biggest Q2 2018 reduction was BlackRock Debt Strategies Fund, cutting an estimated $33.1M.
  • Boaz Weinstein fully exited Oracle in Q2 2018, selling an estimated $19.5M.
  • Boaz Weinstein's ten largest holdings make up 55% of its $1.61B portfolio in Q2 2018.
  • Boaz Weinstein opened 11 new positions and closed 48 in Q2 2018.
  • Boaz Weinstein's portfolio value fell 11% quarter-over-quarter to $1.61B.

Based on Saba Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.