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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
+4.4%
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
$2.41B
AUM Growth
+$119M
Cap. Flow
+$55M
Cap. Flow %
2.29%
Top 10 Hldgs %
48.42%
Holding
183
New
67
Increased
27
Reduced
42
Closed
33

Top Buys

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$38M
2
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$26M
3
SOR
Source Capital
SOR
+$17.5M
4
IGD
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
+$16.6M
5
JRO
Nuveen Floating Rate Income Opportunty Fund
JRO
+$12.6M

Top Sells

Rank Stock Value
1
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$15.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$11.7M
3
ISD
PGIM High Yield Bond Fund
ISD
+$7.69M
4
MHN
BlackRock MuniHoldings New Yrok Quality Fund
MHN
+$7.63M
5
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
+$7.14M

Sector Composition

Rank Sector Weight
1 Industrials 0.54%
2 Financials 0.51%
3 Consumer Discretionary 0.39%
4 Healthcare 0.28%
5 Materials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FSD
26
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$23.5M 0.98%
1,689,707
-185,362
-10% -$2.57M
NQP
27
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$21.2M 0.88%
1,575,509
-68,801
-4% -$947K
ISD
28
PGIM High Yield Bond Fund
ISD
$409M
$20.2M 0.84%
1,462,838
-556,463
-28% -$7.69M
YPF icon
29
PUT
YPF Sociedad Anonima ADS
YPF
$20.1B
$20.2M 0.84%
5,655,300
-646,800
-10% -$3.64M
FCT
30
DELISTED
First Trust Senior Floating Rate Income Fund II
FCT
$18.7M 0.78%
1,703,887
-315,071
-16% -$3.46M
AIF
31
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$18.3M 0.76%
1,438,440
+478,175
+50% +$6.03M
AFT
32
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$18.1M 0.75%
1,411,521
+482,261
+52% +$6.11M
RGT
33
Royce Global Value Trust
RGT
$101M
$17.7M 0.74%
1,443,110
– –
NUO
34
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$17.6M 0.73%
1,173,593
-179,580
-13% -$2.74M
NRK icon
35
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$883M
$17.5M 0.73%
1,364,294
+353,765
+35% +$4.63M
NSL
36
DELISTED
NUVEEN SENIOR INCM FD
NSL
$17.5M 0.73%
3,631,820
+634,659
+21% +$3.06M
IGD
37
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$517M
$16.5M 0.69%
+3,335,503
New +$16.6M
JQC icon
38
Nuveen Credit Strategies Income Fund
JQC
$702M
$16.1M 0.67%
2,728,492
-1,953,169
-42% -$11.7M
TDG icon
39
PUT
TransDigm Group
TDG
$66.4B
$16.1M 0.67%
33,800
– –
BGB
40
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
$16M 0.67%
1,309,815
+52,508
+4% +$619K
BGT icon
41
BlackRock Floating Rate Income Trust
BGT
$324M
$15.1M 0.63%
1,342,404
+242,821
+22% +$2.73M
BWG
42
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$14.9M 0.62%
1,292,642
-579,826
-31% -$7.14M
GAM
43
General American Investors Company
GAM
$1.61B
$14.8M 0.62%
437,323
– –
JSD
44
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$14.6M 0.6%
1,175,553
+246,647
+27% +$2.95M
NUM
45
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$13.5M 0.56%
952,447
-115,090
-11% -$1.62M
MSD
46
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$13.3M 0.55%
1,581,533
+125,474
+9% +$1.08M
RCL icon
47
PUT
Royal Caribbean
RCL
$78.1B
$13M 0.54%
+200,200
New +$11.8M
CNX icon
48
PUT
CNX Resources
CNX
$5.38B
$12.9M 0.54%
1,367,500
-1,412,200
-51% -$14.4M
HYB
49
DELISTED
New America High Income Fund, Inc.
HYB
$12.8M 0.53%
1,564,912
-84,637
-5% -$693K
DEX
50
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$11.9M 0.49%
+1,336,756
New +$11.7M
1
2
3 4 5

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Boaz Weinstein's Q3 2020 Portfolio in Review

As of Q3 2020, Boaz Weinstein held 183 positions worth $2.41B, up 5.2% from $2.29B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Boaz Weinstein's Q3 2020 filing shows 67 new, 27 increased, 42 reduced and 33 closed positions. Its largest new stake was Voya Global Equity Dividend and Premium Opportunity Fund: 3,335,503 shares worth $16.5M. The largest sale was Eaton Vance Limited Duration Income Fund, an estimated $15.1M.

By sector, the portfolio is most concentrated in Industrials at 0.54% of assets, up from 0.46% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Boaz Weinstein's largest Q3 2020 buy was Voya Global Equity Dividend and Premium Opportunity Fund: 3,335,503 shares worth $16.5M.
  • Boaz Weinstein added most to Saba Capital Income & Opportunities Fund II in Q3 2020, an estimated $38M increase.
  • Boaz Weinstein's biggest Q3 2020 reduction was Eaton Vance Limited Duration Income Fund, cutting an estimated $15.1M.
  • Boaz Weinstein fully exited BlackRock MuniHoldings New Yrok Quality Fund in Q3 2020, selling an estimated $7.63M.
  • Boaz Weinstein's ten largest holdings make up 48% of its $2.41B portfolio in Q3 2020.
  • Boaz Weinstein opened 67 new positions and closed 33 in Q3 2020.
  • Boaz Weinstein's portfolio value rose 5.2% quarter-over-quarter to $2.41B.

Based on Saba Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.