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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
-9.65%
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
$2.78B
AUM Growth
+$840M
Cap. Flow
+$1.04B
Cap. Flow %
37.39%
Top 10 Hldgs %
60.4%
Holding
190
New
84
Increased
43
Reduced
23
Closed
25

Top Buys

Rank Stock Value
1
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$39.4M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$31.8M
3
VVR icon
Invesco Senior Income Trust
VVR
+$27.7M
4
QCOM icon
Qualcomm
QCOM
+$27.2M
5
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$25M

Top Sells

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$94.3M
2
TEI
Templeton Emerging Markets Income Fund
TEI
+$36M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$33.4M
4
SDRL
Seadrill Limited Common Stock
SDRL
+$32.1M
5
DEX
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
+$13M

Sector Composition

Rank Sector Weight
1 Technology 2.75%
2 Healthcare 0.63%
3 Consumer Discretionary 0.46%
4 Financials 0.46%
5 Energy 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ISD
26
PGIM High Yield Bond Fund
ISD
$409M
$21M 0.75%
1,609,930
+850,313
+112% +$11.5M
GEL icon
27
PUT
Genesis Energy
GEL
$1.98B
$19.8M 0.71%
1,070,000
+370,000
+53% +$8.32M
BTZ icon
28
BlackRock Credit Allocation Income Trust
BTZ
$947M
$19.6M 0.7%
1,748,918
+812,653
+87% +$9.51M
F icon
29
PUT
Ford
F
$57.5B
$19.1M 0.69%
+2,500,000
New +$22.3M
HYT icon
30
BlackRock Corporate High Yield Fund
HYT
$1.34B
$18.7M 0.67%
2,019,092
+342,576
+20% +$3.37M
CYH icon
31
Community Health Systems
CYH
$424M
$17.4M 0.63%
6,177,067
-2,060,131
-25% -$7.07M
AOD
32
abrdn Total Dynamic Dividend Fund
AOD
$1.13B
$17.1M 0.61%
2,372,099
-4,190,521
-64% -$33.4M
EBAY icon
33
PUT
eBay
EBAY
$46.3B
$16.8M 0.6%
600,000
– –
DB icon
34
PUT
Deutsche Bank
DB
$71.1B
$16.7M 0.6%
+2,050,000
New +$20M
NHS
35
Neuberger High Yield Strategies Fund Inc
NHS
$249M
$16.5M 0.59%
1,709,923
+813,154
+91% +$8.39M
BBWI icon
36
PUT
Bath & Body Works
BBWI
$3.92B
$15.9M 0.57%
+766,940
New +$19.3M
IVH
37
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$14.8M 0.53%
1,217,166
+553,199
+83% +$7.28M
OIH icon
38
PUT
VanEck Oil Services ETF
OIH
$1.95B
$14M 0.5%
+50,000
New +$19.8M
VLT icon
39
Invesco High Income Trust II
VLT
$64.2M
$13.6M 0.49%
1,085,764
+280,893
+35% +$3.71M
NRK icon
40
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$883M
$13.6M 0.49%
+1,165,338
New +$13.6M
GAM
41
General American Investors Company
GAM
$1.61B
$12.7M 0.46%
445,534
+11,421
+3% +$374K
MUJ icon
42
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$648M
$11.6M 0.42%
+924,628
New +$11.6M
NTC
43
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$10.9M 0.39%
970,231
+18,899
+2% +$212K
SPH icon
44
PUT
Suburban Propane Partners
SPH
$1.18B
$10.2M 0.36%
526,800
– –
NXJ
45
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$9.18M 0.33%
+720,771
New +$9.12M
NQP
46
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$8.99M 0.32%
+736,826
New +$9.04M
NUM
47
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$7.98M 0.29%
+640,155
New +$7.86M
MYN icon
48
BlackRock MuniYield New York Quality Fund
MYN
$371M
$7.89M 0.28%
+684,720
New +$7.77M
NUO
49
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$7.83M 0.28%
+588,545
New +$7.83M
HYB
50
DELISTED
New America High Income Fund, Inc.
HYB
$7.79M 0.28%
1,030,764
+339,712
+49% +$2.75M
1
2
3 4 5

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Boaz Weinstein's Q4 2018 Portfolio in Review

As of Q4 2018, Boaz Weinstein held 190 positions worth $2.78B, up 43% from $1.94B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Boaz Weinstein deployed $1.04B of net new capital in Q4 2018, opening 84 new positions and adding to 43 existing holdings. Its largest new stake was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.

By sector, the portfolio is most concentrated in Technology at 2.8% of assets, down from 3.7% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was iShares 7-10 Year Treasury Bond ETF, an estimated $94.3M trimmed.

  • Boaz Weinstein's largest Q4 2018 buy was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.
  • Boaz Weinstein added most to Nuveen Credit Strategies Income Fund in Q4 2018, an estimated $31.8M increase.
  • Boaz Weinstein's biggest Q4 2018 reduction was iShares 7-10 Year Treasury Bond ETF, cutting an estimated $94.3M.
  • Boaz Weinstein fully exited Templeton Emerging Markets Income Fund in Q4 2018, selling an estimated $36M.
  • Boaz Weinstein's ten largest holdings make up 60% of its $2.78B portfolio in Q4 2018.
  • Boaz Weinstein opened 84 new positions and closed 25 in Q4 2018.
  • Boaz Weinstein's portfolio value rose 43% quarter-over-quarter to $2.78B.

Based on Saba Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.