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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
-3.71%
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
$4.17B
AUM Growth
+$325M
Cap. Flow
+$544M
Cap. Flow %
13.06%
Top 10 Hldgs %
34.08%
Holding
670
New
43
Increased
119
Reduced
67
Closed
97

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$42.9M
2
ADX icon
Adams Diversified Equity Fund
ADX
+$40.8M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$32M
4
PDX
PIMCO Dynamic Income Strategy Fund
PDX
+$30.2M
5
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.1M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$29.1M
2
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$27.2M
3
ZING
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
+$21.5M
4
ESTE
Earthstone Energy Inc. Class A Common Stock
ESTE
+$15.4M
5
IRRX
Integrated Rail and Resources Acquisition Corp.
IRRX
+$15.2M

Sector Composition

Rank Sector Weight
1 Financials 5.94%
2 Consumer Discretionary 1.01%
3 Industrials 0.95%
4 Technology 0.77%
5 Materials 0.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUC icon
26
BlackRock MuniHoldings California Quality Fund
MUC
$996M
$37M 0.89%
3,874,186
+1,868,475
+93% +$19.6M
X
27
PUT
DELISTED
US Steel
X
$34.7M 0.83%
+1,068,000
New +$30M
CTR
28
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
$33M 0.79%
1,028,258
+138,434
+16% +$4.52M
KMF
29
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$32.7M 0.78%
4,593,000
– –
NQP
30
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$32.2M 0.77%
3,166,433
+575,257
+22% +$6.31M
NEA icon
31
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.39B
$28.5M 0.68%
2,940,582
+2,774,180
+1,667% +$29.1M
AMAT icon
32
PUT
Applied Materials
AMAT
$391B
$27.7M 0.66%
200,000
– –
NPCT icon
33
Nuveen Core Plus Impact Fund
NPCT
$278M
$27.1M 0.65%
2,954,057
+113,960
+4% +$1.11M
NFJ
34
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
$27M 0.65%
2,386,583
+865,089
+57% +$10.6M
COOP
35
PUT
DELISTED
Mr. Cooper
COOP
$27M 0.65%
503,700
-41,600
-8% -$2.29M
FEI
36
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
$26.8M 0.64%
3,386,641
+507,569
+18% +$4.07M
PHM icon
37
PUT
Pultegroup
PHM
$24.6B
$25.9M 0.62%
350,000
– –
AVGO icon
38
PUT
Broadcom
AVGO
$1.75T
$24.9M 0.6%
300,000
– –
PFSI icon
39
PUT
PennyMac Financial
PFSI
$3.9B
$24.4M 0.59%
367,100
-150,700
-29% -$10.8M
ASA
40
ASA Gold and Precious Metals
ASA
$1.19B
$23.8M 0.57%
1,788,420
+664,321
+59% +$9.8M
GT icon
41
PUT
Goodyear
GT
$1.72B
$23.3M 0.56%
1,875,000
-998,600
-35% -$13.6M
EDD
42
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$23.3M 0.56%
5,470,128
-78,887
-1% -$370K
WYNN icon
43
PUT
Wynn Resorts
WYNN
$10.3B
$23.1M 0.55%
250,000
– –
ASGI
44
abrdn Global Infrastructure Income Fund
ASGI
$795M
$23.1M 0.55%
1,432,963
+278,961
+24% +$4.87M
KLAC icon
45
PUT
KLA
KLAC
$240B
$22.9M 0.55%
500,000
– –
GHIX
46
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$22.9M 0.55%
2,206,540
-300
-0% -$3.1K
NZF icon
47
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$22M 0.53%
2,105,301
+1,635,771
+348% +$18.5M
HIE
48
DELISTED
Miller/Howard High Income Equity Fund
HIE
$21.6M 0.52%
2,181,559
-711,318
-25% -$7.19M
GAM
49
General American Investors Company
GAM
$1.61B
$21M 0.5%
510,885
-182,351
-26% -$7.59M
ENX
50
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$20.7M 0.5%
2,499,365
+65,373
+3% +$603K
1
2
3 4 5

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Boaz Weinstein's Q3 2023 Portfolio in Review

As of Q3 2023, Boaz Weinstein held 670 positions worth $4.17B, up 8.5% from $3.84B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Boaz Weinstein deployed $544M of net new capital in Q3 2023, opening 43 new positions and adding to 119 existing holdings. Its largest new stake was Ford: 1,022,934 shares worth $12.7M.

By sector, the portfolio is most concentrated in Financials at 5.9% of assets, down from 14% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund II, an estimated $29.1M trimmed.

  • Boaz Weinstein's largest Q3 2023 buy was Ford: 1,022,934 shares worth $12.7M.
  • Boaz Weinstein added most to BlackRock Technology and Private Equity Term Trust in Q3 2023, an estimated $42.9M increase.
  • Boaz Weinstein's biggest Q3 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $29.1M.
  • Boaz Weinstein fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2023, selling an estimated $27.2M.
  • Boaz Weinstein's ten largest holdings make up 34% of its $4.17B portfolio in Q3 2023.
  • Boaz Weinstein opened 43 new positions and closed 97 in Q3 2023.
  • Boaz Weinstein's portfolio value rose 8.5% quarter-over-quarter to $4.17B.

Based on Saba Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.