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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
-0.65%
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
$4.09B
AUM Growth
+$599M
Cap. Flow
+$650M
Cap. Flow %
15.88%
Top 10 Hldgs %
28.21%
Holding
583
New
146
Increased
196
Reduced
50
Closed
61

Top Buys

Rank Stock Value
1
MUDS
Mudrick Capital Acquisition Corporation II Class A Common Stock
MUDS
+$25.6M
2
DWACU
Digital World Acquisition Corp. Units
DWACU
+$24.4M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$22.8M
4
GIW
GigInternational1, Inc. Common Stock
GIW
+$17.2M
5
ARTEU
Artemis Strategic Investment Corporation Unit
ARTEU
+$14.8M

Top Sells

Rank Stock Value
1
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$89.5M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$69.3M
3
EVF
Eaton Vance Senior Income Trust
EVF
+$54.7M
4
EFR
Eaton Vance Senior Floating-Rate Fund
EFR
+$49.5M
5
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$24.7M

Sector Composition

Rank Sector Weight
1 Financials 33.3%
2 Healthcare 4.08%
3 Industrials 3.82%
4 Technology 3.72%
5 Consumer Discretionary 3.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CENH
576
DELISTED
Centricus Acquisition Corp. Class A Ordinary Share
CENH
– –
-665,443
Closed -$6.59M
TWCT
577
DELISTED
TWC Tech Holdings II Corp. Class A Common Stock
TWCT
– –
-130,118
Closed -$1.29M
KSMT
578
DELISTED
Kismet Acquisition One Corp Ordinary Shares
KSMT
– –
-32,860
Closed -$326K
RMGB
579
DELISTED
RMG Acquisition Corp. II Class A Ordinary Shares
RMGB
– –
-50,000
Closed -$498K
LIVK
580
DELISTED
LIV Capital Acquisition Corp. Class A Ordinary Shares
LIVK
– –
-32,667
Closed -$326K
EVY
581
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
– –
-431,459
Closed -$6.46M
OSI.U
582
DELISTED
Osiris Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant
OSI.U
– –
-206,600
Closed -$2.05M
20 21 22 23
24

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Boaz Weinstein's Q3 2021 Portfolio in Review

As of Q3 2021, Boaz Weinstein held 583 positions worth $4.09B, up 17% from $3.49B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Boaz Weinstein deployed $650M of net new capital in Q3 2021, opening 146 new positions and adding to 196 existing holdings. Its largest new stake was Mudrick Capital Acquisition Corporation II Class A Common Stock: 2,440,841 shares worth $24.3M.

By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 27% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund, an estimated $69.3M trimmed.

  • Boaz Weinstein's largest Q3 2021 buy was Mudrick Capital Acquisition Corporation II Class A Common Stock: 2,440,841 shares worth $24.3M.
  • Boaz Weinstein added most to Saba Capital Income & Opportunities Fund II in Q3 2021, an estimated $22.8M increase.
  • Boaz Weinstein's biggest Q3 2021 reduction was Saba Capital Income & Opportunities Fund, cutting an estimated $69.3M.
  • Boaz Weinstein fully exited Eaton Vance Floating-Rate Income Trust in Q3 2021, selling an estimated $89.5M.
  • Boaz Weinstein's ten largest holdings make up 28% of its $4.09B portfolio in Q3 2021.
  • Boaz Weinstein opened 146 new positions and closed 61 in Q3 2021.
  • Boaz Weinstein's portfolio value rose 17% quarter-over-quarter to $4.09B.

Based on Saba Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.