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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
-0.45%
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
$958M
AUM Growth
-$289M
Cap. Flow
-$277M
Cap. Flow %
-28.95%
Top 10 Hldgs %
40.35%
Holding
171
New
24
Increased
6
Reduced
93
Closed
39

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$48.1M
2
BND icon
Vanguard Total Bond Market
BND
+$12.9M
3
DHG
Deutsche High Incm Opportunities
DHG
+$4.41M
4
SJNK icon
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
+$3.95M
5
OIBR
OI S A SPONSORED ADR REPSTG PFD NEW (BRA)
OIBR
+$3.51M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$22.8M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$17.6M
3
FAX
abrdn Asia-Pacific Income Fund
FAX
+$12.7M
4
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$10.1M
5
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$9.55M

Sector Composition

Rank Sector Weight
1 Financials 6.66%
2 Industrials 1.66%
3 Energy 1.63%
4 Real Estate 1.14%
5 Materials 0.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CIF
51
DELISTED
MFS Intermediate High Income Fund
CIF
$4.12M 0.43%
1,496,848
-115,342
-7% -$313K
AIF
52
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$4.07M 0.43%
249,779
-156,433
-39% -$2.55M
PCF
53
High Income Securities Fund
PCF
$100M
$4.03M 0.42%
494,721
-101,093
-17% -$825K
SJNK icon
54
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.78B
$3.96M 0.41%
+135,779
New +$3.95M
DYN.WS
55
DELISTED
Dynegy Inc,
DYN.WS
$3.64M 0.38%
863,094
-5,675
-0.7% -$20.6K
VTA
56
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$3.48M 0.36%
291,086
-458,308
-61% -$5.42M
SBW
57
DELISTED
Western Asset Worldwide Income
SBW
$3.31M 0.35%
291,794
-142,150
-33% -$1.6M
PIM
58
Franklin Master Intermediate Income Trust
PIM
$152M
$3.29M 0.34%
670,890
-819,922
-55% -$3.96M
KST
59
DELISTED
Deutsche Strategic Income Trust
KST
$3.28M 0.34%
+279,057
New +$3.27M
QLTA icon
60
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.21B
$3.07M 0.32%
58,478
+21,647
+59% +$1.13M
X
61
DELISTED
US Steel
X
$2.95M 0.31%
+121,000
New +$2.87M
OIBR
62
DELISTED
OI S A SPONSORED ADR REPSTG PFD NEW (BRA)
OIBR
$2.49M 0.26%
+1,618,698
New +$3.51M
BLV icon
63
Vanguard Long-Term Bond ETF
BLV
$5.7B
$2.36M 0.25%
+24,466
New +$2.36M
GNW icon
64
Genworth Financial
GNW
$3.73B
$2.18M 0.23%
298,278
-81,100
-21% -$617K
SGL
65
DELISTED
STRATEGIC GLOBAL INCOME FUND
SGL
$1.98M 0.21%
234,520
-94,767
-29% -$801K
DDF
66
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$1.97M 0.21%
195,697
-42,594
-18% -$423K
CIK
67
Credit Suisse Asset Management Income Fund
CIK
$133M
$1.9M 0.2%
591,504
-67,664
-10% -$219K
UNF icon
68
Unifirst Corp
UNF
$5.25B
$1.77M 0.19%
15,075
-17,645
-54% -$2.08M
TTEK icon
69
Tetra Tech
TTEK
$9.47B
$1.77M 0.19%
368,915
-96,170
-21% -$476K
RRTS
70
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
$1.75M 0.18%
2,770
-4,201
-60% -$2.52M
GRA
71
DELISTED
W.R. Grace & Co.
GRA
$1.7M 0.18%
17,210
-22,678
-57% -$2.16M
WOR icon
72
Worthington Enterprises
WOR
$2.78B
$1.67M 0.17%
101,656
-14,414
-12% -$248K
ITRI icon
73
Itron
ITRI
$4.38B
$1.65M 0.17%
+45,260
New +$1.69M
VLT icon
74
Invesco High Income Trust II
VLT
$64.2M
$1.65M 0.17%
109,103
-69,457
-39% -$1.05M
LPNT
75
DELISTED
LifePoint Health, Inc.
LPNT
$1.62M 0.17%
22,099
+10,116
+84% +$718K
1 2
3
4 5

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Boaz Weinstein's Q1 2015 Portfolio in Review

As of Q1 2015, Boaz Weinstein held 171 positions worth $958M, down 23% from $1.25B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Boaz Weinstein withdrew a net $277M in Q1 2015, closing 39 positions and reducing 93 holdings. Its most notable exit was Quest Diagnostics, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, up from 6.3% a quarter earlier, followed by Industrials and Energy.

Against the trend, Boaz Weinstein opened a new position in iShares Core US Aggregate Bond ETF worth $48.2M.

  • Boaz Weinstein's largest Q1 2015 buy was iShares Core US Aggregate Bond ETF: 432,751 shares worth $48.2M.
  • Boaz Weinstein added most to Vanguard Total Bond Market in Q1 2015, an estimated $12.9M increase.
  • Boaz Weinstein's biggest Q1 2015 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $22.8M.
  • Boaz Weinstein fully exited Quest Diagnostics in Q1 2015, selling an estimated $6.39M.
  • Boaz Weinstein's ten largest holdings make up 40% of its $958M portfolio in Q1 2015.
  • Boaz Weinstein opened 24 new positions and closed 39 in Q1 2015.
  • Boaz Weinstein's portfolio value fell 23% quarter-over-quarter to $958M.

Based on Saba Capital Management's 13F filing for Q1 2015, filed 15 May 2015.