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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
-3.37%
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
$1.25B
AUM Growth
-$521M
Cap. Flow
-$435M
Cap. Flow %
-34.86%
Top 10 Hldgs %
36.8%
Holding
204
New
20
Increased
21
Reduced
99
Closed
56

Top Buys

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$17.3M
2
CNX icon
CNX Resources
CNX
+$5.94M
3
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.62M
4
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$4.11M
5
IGLB icon
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
+$2.71M

Top Sells

Rank Stock Value
1
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$24.1M
2
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$16.2M
3
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$15.3M
4
BTU
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
+$14.2M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$13.9M

Sector Composition

Rank Sector Weight
1 Financials 6.26%
2 Industrials 2.95%
3 Energy 2.17%
4 Materials 1.74%
5 Consumer Discretionary 1.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DGX icon
51
Quest Diagnostics
DGX
$27B
$6.39M 0.51%
95,250
-13,964
-13% -$881K
DOC icon
52
Healthpeak Properties
DOC
$14.8B
$6.13M 0.49%
152,731
-29,228
-16% -$1.16M
CNX icon
53
CNX Resources
CNX
$5.38B
$5.51M 0.44%
+195,600
New +$5.94M
GDF
54
DELISTED
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
$5.44M 0.44%
554,908
+44,228
+9% +$443K
SBW
55
DELISTED
Western Asset Worldwide Income
SBW
$4.95M 0.4%
433,944
-15,536
-3% -$184K
PCF
56
High Income Securities Fund
PCF
$100M
$4.83M 0.39%
595,814
-47,114
-7% -$387K
TSE
57
DELISTED
Trinseo
TSE
$4.58M 0.37%
262,569
-106,209
-29% -$1.61M
AKS
58
DELISTED
AK Steel Holding Corp
AKS
$4.42M 0.35%
744,370
-303,327
-29% -$1.91M
CIF
59
DELISTED
MFS Intermediate High Income Fund
CIF
$4.27M 0.34%
1,612,190
+26,222
+2% +$70.8K
KBR icon
60
KBR
KBR
$4.86B
$4.27M 0.34%
251,991
-124,858
-33% -$2.24M
MBI icon
61
MBIA
MBI
$250M
$4.22M 0.34%
442,840
-868,156
-66% -$8.38M
SPY icon
62
State Street SPDR S&P 500 ETF Trust
SPY
$809B
$4.11M 0.33%
20,000
-69,329
-78% -$13.9M
RRTS
63
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
$4.07M 0.33%
6,971
-1,713
-20% -$949K
UNF icon
64
Unifirst Corp
UNF
$5.25B
$3.97M 0.32%
32,720
-51,653
-61% -$5.63M
GRA
65
DELISTED
W.R. Grace & Co.
GRA
$3.81M 0.31%
39,888
-829
-2% -$77.2K
FLEX icon
66
Flex
FLEX
$40.8B
$3.6M 0.29%
412,996
+303,966
+279% +$2.4M
DYN.WS
67
DELISTED
Dynegy Inc,
DYN.WS
$3.5M 0.28%
868,769
-217,509
-20% -$991K
JQC icon
68
Nuveen Credit Strategies Income Fund
JQC
$702M
$3.37M 0.27%
384,547
-200
-0.1% -$1.75K
AA icon
69
CALL
Alcoa
AA
$13.7B
$3.33M 0.27%
87,765
-155,389
-64% -$6.02M
GNW icon
70
Genworth Financial
GNW
$3.73B
$3.23M 0.26%
379,378
-106,662
-22% -$1.12M
WEN icon
71
Wendy's
WEN
$1.72B
$3.12M 0.25%
345,464
-239,150
-41% -$2.02M
SKYW icon
72
Skywest
SKYW
$3.93B
$3.06M 0.25%
230,229
-207,939
-47% -$2.24M
MTRX icon
73
Matrix Service
MTRX
$311M
$3.04M 0.24%
135,959
+44,821
+49% +$1.01M
HII icon
74
Huntington Ingalls Industries
HII
$11.8B
$2.93M 0.24%
26,064
+1,979
+8% +$208K
RKT
75
DELISTED
ROCK-TENN COMPANY CL-A
RKT
$2.8M 0.22%
45,846
-79,252
-63% -$4.3M
1 2
3
4 5

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Boaz Weinstein's Q4 2014 Portfolio in Review

As of Q4 2014, Boaz Weinstein held 204 positions worth $1.25B, down 29% from $1.77B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Boaz Weinstein withdrew a net $435M in Q4 2014, closing 56 positions and reducing 99 holdings. Its most notable exit was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $24.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.3% of assets, down from 8.2% a quarter earlier, followed by Industrials and Energy.

Against the trend, Boaz Weinstein opened a new position in Vanguard Total Bond Market worth $17.2M.

  • Boaz Weinstein's largest Q4 2014 buy was Vanguard Total Bond Market: 209,205 shares worth $17.2M.
  • Boaz Weinstein added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q4 2014, an estimated $4.62M increase.
  • Boaz Weinstein's biggest Q4 2014 reduction was PEABODY ENERGY CORP COM STK NEW (DE), cutting an estimated $14.2M.
  • Boaz Weinstein fully exited iShares 1-5 Year Investment Grade Corporate Bond ETF in Q4 2014, selling an estimated $24.1M.
  • Boaz Weinstein's ten largest holdings make up 37% of its $1.25B portfolio in Q4 2014.
  • Boaz Weinstein opened 20 new positions and closed 56 in Q4 2014.
  • Boaz Weinstein's portfolio value fell 29% quarter-over-quarter to $1.25B.

Based on Saba Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.