Boaz Weinstein Saba Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BlackRock Capital Allocation Term Trust
BCAT
|
+$43.8M |
| 2 |
BlackRock ESG Capital Allocation Term Trust
ECAT
|
+$43.6M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$40M |
| 4 |
BlackRock Health Sciences Trust II
BMEZ
|
+$38.2M |
| 5 |
BTX
BlackRock Technology and Private Equity Term Trust
BTX
|
+$35.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KAHC
KKR Acquisition Holdings I Corp.
KAHC
|
+$57.1M |
| 2 |
GSEV
Gores Holdings VII, Inc. Class A Common Stock
GSEV
|
+$43.4M |
| 3 |
EPHY
Epiphany Technology Acquisition Corp. Class A Common Stock
EPHY
|
+$39.2M |
| 4 |
NSTB
Northern Star Investment Corp. II
NSTB
|
+$37.6M |
| 5 |
VFL
abrdn National Municipal Income Fund
VFL
|
+$37.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 44.16% |
| 2 | Technology | 5.33% |
| 3 | Industrials | 3.5% |
| 4 | Healthcare | 3.24% |
| 5 | Consumer Discretionary | 1.5% |
Similar funds
Boaz Weinstein's Q4 2022 Portfolio in Review
As of Q4 2022, Boaz Weinstein held 1,203 positions worth $7.39B, down 17% from $8.87B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Boaz Weinstein withdrew a net $1.73B in Q4 2022, closing 281 positions and reducing 56 holdings. Its most notable exit was KKR Acquisition Holdings I Corp., an estimated $57.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 44% of assets, down from 57% a quarter earlier, followed by Technology and Industrials.
Against the trend, Boaz Weinstein opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $39.9M.
- Boaz Weinstein's largest Q4 2022 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 542,070 shares worth $39.9M.
- Boaz Weinstein added most to BlackRock Capital Allocation Term Trust in Q4 2022, an estimated $43.8M increase.
- Boaz Weinstein's biggest Q4 2022 reduction was Analog Devices, cutting an estimated $20.4M.
- Boaz Weinstein fully exited KKR Acquisition Holdings I Corp. in Q4 2022, selling an estimated $57.1M.
- Boaz Weinstein's ten largest holdings make up 18% of its $7.39B portfolio in Q4 2022.
- Boaz Weinstein opened 78 new positions and closed 281 in Q4 2022.
- Boaz Weinstein's portfolio value fell 17% quarter-over-quarter to $7.39B.
Based on Saba Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.