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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
+5.02%
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
$4.8B
AUM Growth
-$1.22B
Cap. Flow
-$1.43B
Cap. Flow %
-29.79%
Top 10 Hldgs %
47.67%
Holding
417
New
28
Increased
55
Reduced
62
Closed
59

Top Buys

Rank Stock Value
1
GDV icon
Gabelli Dividend & Income Trust
GDV
+$36.5M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$28.1M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$27M
4
GAM
General American Investors Company
GAM
+$26.6M
5
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$25.4M

Top Sells

Rank Stock Value
1
ADX icon
Adams Diversified Equity Fund
ADX
+$70.9M
2
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$57.1M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.3M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$33.5M
5
JRI icon
Nuveen Real Asset Income & Growth Fund
JRI
+$26.5M

Sector Composition

Rank Sector Weight
1 Communication Services 1.12%
2 Financials 1.04%
3 Consumer Discretionary 0.85%
4 Technology 0.59%
5 Real Estate 0.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NPCT icon
26
Nuveen Core Plus Impact Fund
NPCT
$278M
$40.6M 0.85%
3,423,331
– –
AFB
27
AllianceBernstein National Municipal Income Fund
AFB
$314M
$37.2M 0.77%
3,149,020
– –
MHI
28
DELISTED
Pioneer Municipal High Income Fund
MHI
$34.7M 0.72%
3,613,114
+159,891
+5% +$1.5M
NAC icon
29
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$34M 0.71%
2,856,097
-4,872,276
-63% -$57.1M
VPV icon
30
Invesco Pennsylvania Value Municipal Income Trust
VPV
$199M
$32.6M 0.68%
2,883,105
– –
VTN icon
31
Invesco Trust for Investment Grade New York Municipals
VTN
$157M
$31.8M 0.66%
2,757,658
– –
ENX
32
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$30.5M 0.63%
3,057,430
-9,459
-0.3% -$93.9K
EVM
33
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$30.1M 0.63%
3,114,325
– –
MAV
34
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$29M 0.61%
3,285,719
+442,851
+16% +$3.82M
LEO
35
BNY Mellon Strategic Municipals
LEO
$384M
$28.9M 0.6%
4,435,947
+382,087
+9% +$2.42M
BCX icon
36
BlackRock Resources & Commodities Strategy Trust
BCX
$1.01B
$28.7M 0.6%
2,987,836
-124,436
-4% -$1.14M
SABA
37
Saba Capital Income & Opportunities Fund II
SABA
$219M
$28.4M 0.59%
3,340,582
-114,275
-3% -$943K
MPA icon
38
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$143M
$27.7M 0.58%
2,218,894
– –
MUC icon
39
BlackRock MuniHoldings California Quality Fund
MUC
$996M
$26.6M 0.55%
2,306,884
-170,705
-7% -$1.92M
NBH
40
Neuberger Municipal Fund Inc
NBH
$302M
$25.6M 0.53%
2,301,661
– –
VGM icon
41
Invesco Trust Investment Grade Municipals
VGM
$559M
$25.4M 0.53%
2,404,317
-604,095
-20% -$6.28M
VKQ icon
42
Invesco Municipal Trust
VKQ
$537M
$25.2M 0.53%
2,456,292
-741,991
-23% -$7.5M
DSM
43
BNY Mellon Strategic Municipal Bond Fund
DSM
$287M
$25M 0.52%
4,011,267
-54,334
-1% -$330K
NTG
44
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$24.5M 0.51%
515,767
+4,725
+0.9% +$210K
BNY
45
DELISTED
BlackRock New York Municipal Income Trust
BNY
$24.2M 0.5%
2,195,499
– –
MHN
46
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$23.7M 0.49%
2,123,903
– –
LGI
47
Lazard Global Total Return & Income Fund
LGI
$241M
$23M 0.48%
1,266,176
+1,200
+0.1% +$20.3K
MIO
48
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$22.7M 0.47%
1,832,554
+94,048
+5% +$1.14M
BOE icon
49
BlackRock Enhanced Global Dividend Trust
BOE
$689M
$22.7M 0.47%
2,013,468
+17,089
+0.9% +$186K
WB icon
50
Weibo
WB
$1.73B
$22.5M 0.47%
2,228,202
-22,507
-1% -$177K
1
2
3 4 5

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Boaz Weinstein's Q3 2024 Portfolio in Review

As of Q3 2024, Boaz Weinstein held 417 positions worth $4.8B, down 20% from $6.01B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Boaz Weinstein withdrew a net $1.43B in Q3 2024, closing 59 positions and reducing 62 holdings. Its most notable exit was Nuveen AMT-Free Quality Municipal Income Fund, an estimated $34.3M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 1.1% of assets, up from 0.48% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Boaz Weinstein opened a new position in Morgan Stanley India Investment Fund worth $20.3M.

  • Boaz Weinstein's largest Q3 2024 buy was Morgan Stanley India Investment Fund: 675,703 shares worth $20.3M.
  • Boaz Weinstein added most to Gabelli Dividend & Income Trust in Q3 2024, an estimated $36.5M increase.
  • Boaz Weinstein's biggest Q3 2024 reduction was Adams Diversified Equity Fund, cutting an estimated $70.9M.
  • Boaz Weinstein fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q3 2024, selling an estimated $34.3M.
  • Boaz Weinstein's ten largest holdings make up 48% of its $4.8B portfolio in Q3 2024.
  • Boaz Weinstein opened 28 new positions and closed 59 in Q3 2024.
  • Boaz Weinstein's portfolio value fell 20% quarter-over-quarter to $4.8B.

Based on Saba Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.