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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
+8.05%
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
$4.97B
AUM Growth
+$805M
Cap. Flow
+$407M
Cap. Flow %
8.19%
Top 10 Hldgs %
36.32%
Holding
612
New
38
Increased
118
Reduced
49
Closed
118

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$144M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$133M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$118M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$50M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$48.9M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$89M
2
KMF
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
+$32.7M
3
FSCO
FS Credit Opportunities Corp
FSCO
+$22.5M
4
CEN
Center Coast Brookfield MLP & Energy Infrastructure Fund
CEN
+$15.1M
5
F icon
Ford
F
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 3.71%
2 Consumer Discretionary 0.93%
3 Industrials 0.4%
4 Technology 0.39%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LIBYW
476
DELISTED
Liberty Resources Acquisition Corp. Warrant
LIBYW
$1.41K ﹤0.01%
187,467
– –
CTV.WS
477
DELISTED
Innovid Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
CTV.WS
$1.37K ﹤0.01%
34,236
– –
ECXWW
478
ECARX Holdings Warrants
ECXWW
$1.34K ﹤0.01%
43,358
– –
IGTAW
479
DELISTED
Inception Growth Acquisition Limited Warrants
IGTAW
$1.26K ﹤0.01%
71,985
– –
SEDA.WS
480
DELISTED
SDCL EDGE Acquisition Corporation Redeemable warrants, each whole warrant exercisable for one share of Class A ordinary share at an exercise price of $11.50
SEDA.WS
$1.13K ﹤0.01%
23,884
– –
VLD.WS
481
DELISTED
Velo3D, Inc. Redeemable warrants, each Warrant exercisable for 1/35th of a share of Common Stock at an exercise price of $402.50
VLD.WS
$905 ﹤0.01%
30,000
– –
AVHIW
482
DELISTED
Achari Ventures Holdings Corp I Warrant
AVHIW
$860 ﹤0.01%
38,384
– –
ZAPPW
483
DELISTED
Zapp Electric Vehicles Group Limited Warrant
ZAPPW
$830 ﹤0.01%
95,903
– –
BHACW
484
DELISTED
Focus Impact BH3 Acquisition Company Warrants
BHACW
$808 ﹤0.01%
11,005
– –
NOVVW
485
DELISTED
Nova Vision Acquisition Corp. Warrant
NOVVW
$661 ﹤0.01%
31,088
– –
RMCOW icon
486
Royalty Management Holding Warrant
RMCOW
$1.54M
$628 ﹤0.01%
19,443
– –
BFLY.WS
487
DELISTED
Butterfly Network Inc Warrants
BFLY.WS
$590 ﹤0.01%
16,866
– –
MACAW
488
DELISTED
Moringa Acquisition Corp Warrant
MACAW
$354 ﹤0.01%
11,937
– –
RACYW
489
DELISTED
Relativity Acquisition Corp. Warrant
RACYW
$67 ﹤0.01%
670,001
– –
VIEWW
490
DELISTED
View, Inc. Warrant
VIEWW
$47 ﹤0.01%
11,330
– –
AISPW
491
Airship AI Holdings Warrants
AISPW
$15.3M
– –
-167,823
Closed -$37.7K
AMAT icon
492
Applied Materials
AMAT
$391B
– –
-10,808
Closed -$1.59M
AMD icon
493
Advanced Micro Devices
AMD
$773B
– –
-32,752
Closed -$3.86M
BAC icon
494
PUT
Bank of America
BAC
$431B
– –
-2,500,000
Closed -$68.5M
BGB
495
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
– –
-72,452
Closed -$796K
BGR icon
496
BlackRock Energy and Resources Trust
BGR
$444M
– –
-167,630
Closed -$2.2M
F icon
497
Ford
F
$57.5B
– –
-1,022,934
Closed -$12.7M
F icon
498
PUT
Ford
F
$57.5B
– –
-10,000,000
Closed -$124M
FINS
499
Angel Oak Financial Strategies Income Term Trust
FINS
$420M
– –
-469,649
Closed -$5.65M
FPF
500
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
– –
-241,846
Closed -$3.6M
18 19
20
21 22

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Boaz Weinstein's Q4 2023 Portfolio in Review

As of Q4 2023, Boaz Weinstein held 612 positions worth $4.97B, up 19% from $4.17B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Boaz Weinstein deployed $407M of net new capital in Q4 2023, opening 38 new positions and adding to 118 existing holdings. Its largest new stake was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.

By sector, the portfolio is most concentrated in Financials at 3.7% of assets, down from 5.9% 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 $89M trimmed.

  • Boaz Weinstein's largest Q4 2023 buy was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.
  • Boaz Weinstein added most to BlackRock Technology and Private Equity Term Trust in Q4 2023, an estimated $144M increase.
  • Boaz Weinstein's biggest Q4 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $89M.
  • Boaz Weinstein fully exited Kayne Anderson NextGen Energy & Infrastructure, Inc. in Q4 2023, selling an estimated $32.7M.
  • Boaz Weinstein's ten largest holdings make up 36% of its $4.97B portfolio in Q4 2023.
  • Boaz Weinstein opened 38 new positions and closed 118 in Q4 2023.
  • Boaz Weinstein's portfolio value rose 19% quarter-over-quarter to $4.97B.

Based on Saba Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.