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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
+2.25%
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
$1.03B
AUM Growth
-$22.7M
Cap. Flow
-$42.1M
Cap. Flow %
-4.1%
Top 10 Hldgs %
42.37%
Holding
133
New
34
Increased
38
Reduced
24
Closed
27

Top Buys

Rank Stock Value
1
DSU icon
BlackRock Debt Strategies Fund
DSU
+$21.7M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$21.6M
3
AGC
Advent Claymore Conv Sec & Incme
AGC
+$17.7M
4
FTF
Franklin Limited Duration Income Trust
FTF
+$16.8M
5
ERC
Allspring Multi-Sector Income Fund
ERC
+$15.4M

Top Sells

Rank Stock Value
1
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$48.5M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$14M
3
HYI
Western Asset High Yield Opportunity Fund Inc
HYI
+$9.05M
4
MHY
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
+$8.5M
5
AWF
AllianceBernstein Global High Income Fund
AWF
+$5.2M

Sector Composition

Rank Sector Weight
1 Financials 3.95%
2 Healthcare 0.6%
3 Consumer Discretionary 0.37%
4 Real Estate 0.32%
5 Energy 0.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KST
51
DELISTED
Deutsche Strategic Income Trust
KST
$4.61M 0.45%
416,155
+51,221
+14% +$540K
FTR
52
PUT
DELISTED
Frontier Communications Corp.
FTR
$4.37M 0.43%
52,160
-582,413
-92% -$42.4M
BCV
53
Bancroft Fund
BCV
$140M
$4.18M 0.41%
+232,694
New +$4M
BTZ icon
54
BlackRock Credit Allocation Income Trust
BTZ
$947M
$3.9M 0.38%
311,399
-313,633
-50% -$3.8M
DDF
55
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$3.65M 0.36%
399,947
+199,117
+99% +$1.66M
DOC icon
56
Healthpeak Properties
DOC
$14.8B
$3.24M 0.32%
109,226
+4,321
+4% +$130K
BHC icon
57
Bausch Health
BHC
$2.41B
$3.23M 0.31%
+122,831
New +$9.08M
IVH
58
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$3.22M 0.31%
253,110
+144,510
+133% +$1.71M
AIF
59
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$2.99M 0.29%
219,431
+35,466
+19% +$469K
CYH icon
60
Community Health Systems
CYH
$424M
$2.96M 0.29%
+193,706
New +$2.96M
SBW
61
DELISTED
Western Asset Worldwide Income
SBW
$2.95M 0.29%
283,780
+28,124
+11% +$277K
LBF
62
DELISTED
Deutsche Global High Incm Fund
LBF
$2.92M 0.28%
377,997
+127,636
+51% +$955K
PCF
63
High Income Securities Fund
PCF
$100M
$2.82M 0.28%
385,576
+19,911
+5% +$139K
GDO
64
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.3M
$2.62M 0.26%
158,800
-148,466
-48% -$2.36M
EHI
65
Western Asset Global High Income Fund
EHI
$175M
$2.47M 0.24%
+272,938
New +$2.3M
VGI
66
Virtus Global Multi-Sector Income Fund
VGI
$82.5M
$2.23M 0.22%
+157,441
New +$2.09M
GNW icon
67
Genworth Financial
GNW
$3.73B
$1.88M 0.18%
689,172
-162,186
-19% -$411K
JQC icon
68
Nuveen Credit Strategies Income Fund
JQC
$702M
$1.74M 0.17%
+219,910
New +$1.66M
HYB
69
DELISTED
New America High Income Fund, Inc.
HYB
$1.61M 0.16%
199,662
+64,006
+47% +$482K
ODP
70
DELISTED
ODP
ODP
$1.45M 0.14%
+20,400
New +$1.1M
ILG
71
DELISTED
ILG, Inc Common Stock
ILG
$1.43M 0.14%
99,148
+65,095
+191% +$843K
UIS icon
72
Unisys
UIS
$200M
$1.41M 0.14%
183,544
+134,984
+278% +$1.28M
MBI icon
73
MBIA
MBI
$250M
$1.41M 0.14%
+159,456
New +$1.16M
FHY
74
DELISTED
First Trust Strategic High
FHY
$1.39M 0.14%
+121,987
New +$1.3M
RDN icon
75
Radian Group
RDN
$4.84B
$1.19M 0.12%
+95,633
New +$1.08M
1 2
3
4 5

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Boaz Weinstein's Q1 2016 Portfolio in Review

As of Q1 2016, Boaz Weinstein held 133 positions worth $1.03B, down 2.2% from $1.05B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Boaz Weinstein withdrew a net $42.1M in Q1 2016, closing 27 positions and reducing 24 holdings. Its most notable exit was BlackRock Corporate High Yield Fund, an estimated $48.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.9% of assets, down from 4.5% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Boaz Weinstein opened a new position in Advent Claymore Conv Sec & Incme worth $19M.

  • Boaz Weinstein's largest Q1 2016 buy was Advent Claymore Conv Sec & Incme: 3,491,175 shares worth $19M.
  • Boaz Weinstein added most to BlackRock Debt Strategies Fund in Q1 2016, an estimated $21.7M increase.
  • Boaz Weinstein's biggest Q1 2016 reduction was Western Asset High Income Opportunity Fund, cutting an estimated $14M.
  • Boaz Weinstein fully exited BlackRock Corporate High Yield Fund in Q1 2016, selling an estimated $48.5M.
  • Boaz Weinstein's ten largest holdings make up 42% of its $1.03B portfolio in Q1 2016.
  • Boaz Weinstein opened 34 new positions and closed 27 in Q1 2016.
  • Boaz Weinstein's portfolio value fell 2.2% quarter-over-quarter to $1.03B.

Based on Saba Capital Management's 13F filing for Q1 2016, filed 16 May 2016.