We are live on
!
Find out more
BW
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
-3.07%
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
$1.94B
AUM Growth
+$339M
(+21%)
Cap. Flow
+$326M
Cap. Flow
% of AUM
16.75%
Top 10 Holdings %
Top 10 Hldgs %
45.45%
Holding
125
New
31
Increased
23
Reduced
34
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SDRL
Seadrill Limited Common Stock
SDRL
|
+$49.5M |
| 2 |
Nuveen Credit Strategies Income Fund
JQC
|
+$33.2M |
| 3 |
EVV
Eaton Vance Limited Duration Income Fund
EVV
|
+$29.2M |
| 4 |
Invesco Senior Income Trust
VVR
|
+$23.4M |
| 5 |
BRW
Saba Capital Income & Opportunities Fund
BRW
|
+$23.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TEI
Templeton Emerging Markets Income Fund
TEI
|
+$25.7M |
| 2 |
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
|
+$18.2M |
| 3 |
AOD
abrdn Total Dynamic Dividend Fund
AOD
|
+$15.3M |
| 4 |
BlackRock Corporate High Yield Fund
HYT
|
+$13.9M |
| 5 |
Apple
AAPL
|
+$10.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.69% |
| 2 | Energy | 3.18% |
| 3 | Healthcare | 1.47% |
| 4 | Financials | 0.8% |
| 5 | Communication Services | 0.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Invesco Senior Income Trust
VVR
$454M
| $23.4M | 1.2% |
+5,437,160
| New | +$23.4M |
|
|
BRW
27
Saba Capital Income & Opportunities Fund
BRW
$327M
| $23.1M | 1.19% |
+2,315,402
| New | +$23.1M |
|
|
DEX
28
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
| $22.8M | 1.17% |
2,031,927
+9
| +0% | +$101 |
|
29
PUT
Transocean
RIG
$6.61B
| $22.5M | 1.16% |
1,615,800
| – | – |
|
|
GHY
30
PGIM Global High Yield Fund
GHY
$474M
| $21.7M | 1.12% |
1,566,891
+770,931
| +97% | +$10.6M |
|
31
Qualcomm
QCOM
$169B
| $21.3M | 1.1% |
+296,378
| New | +$19.5M |
|
32
PUT
eBay
EBAY
$46.3B
| $19.8M | 1.02% |
+600,000
| New | +$20.8M |
|
|
33
BlackRock Corporate High Yield Fund
HYT
$1.34B
| $17.6M | 0.91% |
1,676,516
-1,310,489
| -44% | -$13.9M |
|
34
PUT
OneMain Financial
OMF
$7.27B
| $16.8M | 0.86% |
+500,000
| New | +$17.5M |
|
35
PUT
Genesis Energy
GEL
$1.98B
| $16.6M | 0.86% |
+700,000
| New | +$16.5M |
|
|
GAM
36
General American Investors Company
GAM
$1.61B
| $16.1M | 0.83% |
434,113
-111,181
| -20% | -$4.01M |
|
37
Texas Instruments
TXN
$241B
| $13.4M | 0.69% |
125,276
+17,730
| +16% | +$1.97M |
|
38
PUT
Suburban Propane Partners
SPH
$1.18B
| $12.4M | 0.64% |
+526,800
| New | +$12.3M |
|
39
Cisco
CSCO
$438B
| $11.8M | 0.61% |
+243,178
| New | +$10.9M |
|
40
BlackRock Credit Allocation Income Trust
BTZ
$947M
| $11.5M | 0.59% |
936,265
+724,912
| +343% | +$8.89M |
|
41
Invesco High Income Trust II
VLT
$64.2M
| $11M | 0.57% |
804,871
| – | – |
|
|
NTC
42
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
| $10.8M | 0.56% |
951,332
-21,726
| -2% | -$253K |
|
|
ISD
43
PGIM High Yield Bond Fund
ISD
$409M
| $10.7M | 0.55% |
759,617
+574,963
| +311% | +$8.11M |
|
44
IBM
IBM
$222B
| $10.2M | 0.53% |
70,718
-41,918
| -37% | -$5.86M |
|
|
NHS
45
Neuberger High Yield Strategies Fund Inc
NHS
$249M
| $9.82M | 0.51% |
896,769
+325,301
| +57% | +$3.54M |
|
46
Genworth Financial
GNW
$3.73B
| $9.73M | 0.5% |
2,333,509
-2,038,925
| -47% | -$9.21M |
|
|
IVH
47
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
| $9.47M | 0.49% |
663,967
-295,177
| -31% | -$4.23M |
|
|
DF
48
PUT
DELISTED
Dean Foods Company
DF
| $8.8M | 0.45% |
1,239,300
-970,700
| -44% | -$8.49M |
|
|
HYI
49
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
| $8.69M | 0.45% |
596,939
-215,617
| -27% | -$3.12M |
|
50
Oracle
ORCL
$422B
| $7.91M | 0.41% |
+153,460
| New | +$7.45M |
|
Similar funds
MCM
LCM
NAM
FFGIM
CIP
AC
GL
LNC
Boaz Weinstein's Q3 2018 Portfolio in Review
As of Q3 2018, Boaz Weinstein held 125 positions worth $1.94B, up 21% from $1.61B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Boaz Weinstein deployed $326M of net new capital in Q3 2018, opening 31 new positions and adding to 23 existing holdings. Its largest new stake was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.
By sector, the portfolio is most concentrated in Technology at 3.7% of assets, up from 2.7% a quarter earlier, followed by Energy and Healthcare.
On the sell side, the largest reduction was Templeton Emerging Markets Income Fund, an estimated $25.7M trimmed.
- Boaz Weinstein's largest Q3 2018 buy was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.
- Boaz Weinstein added most to Nuveen Credit Strategies Income Fund in Q3 2018, an estimated $33.2M increase.
- Boaz Weinstein's biggest Q3 2018 reduction was Templeton Emerging Markets Income Fund, cutting an estimated $25.7M.
- Boaz Weinstein fully exited Saba Capital Income & Opportunities Fund II in Q3 2018, selling an estimated $5.77M.
- Boaz Weinstein's ten largest holdings make up 45% of its $1.94B portfolio in Q3 2018.
- Boaz Weinstein opened 31 new positions and closed 19 in Q3 2018.
- Boaz Weinstein's portfolio value rose 21% quarter-over-quarter to $1.94B.
Based on Saba Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.