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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
+2.6%
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
$3.12B
AUM Growth
+$681M
Cap. Flow
+$546M
Cap. Flow %
17.47%
Top 10 Hldgs %
37.84%
Holding
501
New
334
Increased
31
Reduced
53
Closed
70

Top Buys

Rank Stock Value
1
RTPYU
Reinvent Technology Partners Y Unit
RTPYU
+$38.6M
2
FVIV.U
Fortress Value Acquisition Corp. IV Units, each consisting of one share of Class A common stock and one-eighth of one redeemable Warrant
FVIV.U
+$25M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$22.3M
4
SYM icon
Symbotic
SYM
+$18.4M
5
GGPIU
Gores Guggenheim, Inc. Unit
GGPIU
+$18.4M

Top Sells

Rank Stock Value
1
BRW
Saba Capital Income & Opportunities Fund
BRW
+$40.4M
2
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$28.8M
3
FRA icon
BlackRock Floating Rate Income Strategies Fund
FRA
+$25M
4
FCT
First Trust Senior Floating Rate Income Fund II
FCT
+$16M
5
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$15.9M

Sector Composition

Rank Sector Weight
1 Financials 8.78%
2 Industrials 1.88%
3 Healthcare 1.4%
4 Consumer Discretionary 0.71%
5 Technology 0.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CPZ
26
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$261M
$21.5M 0.69%
1,068,541
-48,481
-4% -$904K
NFJ
27
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
$21.2M 0.68%
1,541,766
-761,886
-33% -$10.4M
AFT
28
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$20.7M 0.66%
1,392,152
-169,647
-11% -$2.49M
FSD
29
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$20.5M 0.66%
1,355,273
-337,482
-20% -$5.03M
EVV
30
Eaton Vance Limited Duration Income Fund
EVV
$1.05B
$19.2M 0.62%
1,523,339
-2,287,309
-60% -$28.8M
GGPIU
31
DELISTED
Gores Guggenheim, Inc. Unit
GGPIU
$18.4M 0.59%
+1,848,100
New +$18.4M
SYM icon
32
Symbotic
SYM
$5.43B
$18.2M 0.58%
+1,799,192
New +$18.4M
GAM
33
General American Investors Company
GAM
$1.61B
$17.4M 0.56%
437,323
– –
JSD
34
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$17.1M 0.55%
1,211,203
– –
NRK icon
35
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$883M
$16.8M 0.54%
1,228,821
-1,038,030
-46% -$14M
NQP
36
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$16.7M 0.54%
1,163,386
-239,739
-17% -$3.41M
CLAA.U
37
DELISTED
Colonnade Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fifth of one redeemable warrant
CLAA.U
$16.7M 0.53%
+1,695,200
New +$16.9M
GEO icon
38
PUT
The GEO Group
GEO
$4.31B
$15.9M 0.51%
2,055,100
+562,300
+38% +$4.62M
HIIIU
39
DELISTED
Hudson Executive Investment Corp. III Unit
HIIIU
$15.9M 0.51%
+1,600,047
New +$16.1M
NUO
40
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$15.6M 0.5%
998,923
-85,978
-8% -$1.33M
FSLF
41
DELISTED
First Eagle Senior Loan Fund
FSLF
$15M 0.48%
1,046,615
+112,882
+12% +$1.61M
JDD
42
DELISTED
Nuveen Diversified Dividend and Income Fund
JDD
$14.8M 0.47%
1,558,668
+1,742
+0.1% +$15.7K
VMM
43
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$14.7M 0.47%
1,111,740
+71,567
+7% +$946K
BWG
44
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$14M 0.45%
1,161,238
-605
-0.1% -$7.46K
NSL
45
DELISTED
NUVEEN SENIOR INCM FD
NSL
$13.8M 0.44%
2,467,355
-1,347,805
-35% -$7.39M
DEX
46
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$13.7M 0.44%
1,399,184
+6
+0% +$58
IGA
47
Voya Global Advantage and Premium Opportunity Fund
IGA
$161M
$13.5M 0.43%
1,414,152
+353,433
+33% +$3.17M
SAFE
48
PUT
Safehold
SAFE
$1.09B
$13.4M 0.43%
+154,594
New +$12.4M
VAQC
49
DELISTED
Vector Acquisition Corporation II Class A Ordinary Shares
VAQC
$13.4M 0.43%
+1,350,000
New +$13.5M
RRD
50
DELISTED
RR Donnelley & Sons Co.
RRD
$13.3M 0.43%
3,271,876
-3,278,775
-50% -$10.4M
1
2
3 4 5

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Boaz Weinstein's Q1 2021 Portfolio in Review

As of Q1 2021, Boaz Weinstein held 501 positions worth $3.12B, up 28% from $2.44B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Boaz Weinstein deployed $546M of net new capital in Q1 2021, opening 334 new positions and adding to 31 existing holdings. Its largest new stake was Reinvent Technology Partners Y Unit: 3,830,559 shares worth $38.5M.

By sector, the portfolio is most concentrated in Financials at 8.8% of assets, up from 1.7% a quarter earlier, followed by Industrials and Healthcare.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund, an estimated $40.4M trimmed.

  • Boaz Weinstein's largest Q1 2021 buy was Reinvent Technology Partners Y Unit: 3,830,559 shares worth $38.5M.
  • Boaz Weinstein added most to Saba Capital Income & Opportunities Fund II in Q1 2021, an estimated $22.3M increase.
  • Boaz Weinstein's biggest Q1 2021 reduction was Saba Capital Income & Opportunities Fund, cutting an estimated $40.4M.
  • Boaz Weinstein fully exited First Trust Senior Floating Rate Income Fund II in Q1 2021, selling an estimated $16M.
  • Boaz Weinstein's ten largest holdings make up 38% of its $3.12B portfolio in Q1 2021.
  • Boaz Weinstein opened 334 new positions and closed 70 in Q1 2021.
  • Boaz Weinstein's portfolio value rose 28% quarter-over-quarter to $3.12B.

Based on Saba Capital Management's 13F filing for Q1 2021, filed 17 May 2021.