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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
+2.35%
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
$1.1B
AUM Growth
-$15.6M
Cap. Flow
-$100M
Cap. Flow %
-9.07%
Top 10 Hldgs %
49.27%
Holding
120
New
15
Increased
25
Reduced
30
Closed
17

Top Buys

Rank Stock Value
1
GLO
Clough Global Opportunities Fund
GLO
+$20.2M
2
MSD
Morgan Stanley Emerging Markets Debt Fund
MSD
+$12.6M
3
HTZ
Hertz Global Holdings, Inc.
HTZ
+$7.46M
4
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$6.56M
5
SM icon
SM Energy
SM
+$5.63M

Top Sells

Rank Stock Value
1
ERC
Allspring Multi-Sector Income Fund
ERC
+$38M
2
FTF
Franklin Limited Duration Income Trust
FTF
+$17.1M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$9.73M
4
AAL icon
American Airlines Group
AAL
+$9.36M
5
BHC icon
Bausch Health
BHC
+$8.31M

Sector Composition

Rank Sector Weight
1 Healthcare 7.17%
2 Financials 2.13%
3 Energy 2.01%
4 Industrials 1.15%
5 Consumer Staples 1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EHI
51
Western Asset Global High Income Fund
EHI
$175M
$3.2M 0.29%
318,007
-24,264
-7% -$248K
PCF
52
High Income Securities Fund
PCF
$100M
$2.86M 0.26%
324,901
– –
KST
53
DELISTED
Deutsche Strategic Income Trust
KST
$2.49M 0.23%
200,716
-210,631
-51% -$2.6M
DYN
54
DELISTED
Dynegy, Inc.
DYN
$2.25M 0.2%
+272,346
New +$2.06M
MBI icon
55
MBIA
MBI
$250M
$2.12M 0.19%
224,342
-93,000
-29% -$791K
RDN icon
56
PUT
Radian Group
RDN
$4.84B
$1.95M 0.18%
119,300
– –
TWNKW
57
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$1.92M 0.17%
659,572
– –
EDD
58
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$1.92M 0.17%
241,723
-121,762
-33% -$972K
IGA
59
Voya Global Advantage and Premium Opportunity Fund
IGA
$161M
$1.89M 0.17%
+174,755
New +$1.86M
HYT icon
60
BlackRock Corporate High Yield Fund
HYT
$1.34B
$1.84M 0.17%
167,750
+924
+0.6% +$10.2K
BBG
61
DELISTED
Bill Barrett Corp
BBG
$1.63M 0.15%
+532,035
New +$1.98M
PHF
62
DELISTED
Pacholder High Yield
PHF
$1.62M 0.15%
203,224
-4,500
-2% -$35.6K
FTR
63
DELISTED
Frontier Communications Corp.
FTR
$1.55M 0.14%
+89,343
New +$2.05M
ONIT
64
Onity Group
ONIT
$301M
$1.33M 0.12%
+32,964
New +$1.56M
SDRL
65
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
$1.3M 0.12%
13,466
-5,882
-30% -$924K
SHLD
66
DELISTED
Sears Holding Corporation
SHLD
$1.1M 0.1%
+124,325
New +$1.16M
HYG icon
67
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$999K 0.09%
11,300
-3,000
-21% -$264K
LGI
68
Lazard Global Total Return & Income Fund
LGI
$241M
$823K 0.07%
50,360
– –
MCR
69
DELISTED
MFS Charter Income Trust
MCR
$811K 0.07%
93,815
-580,161
-86% -$5.03M
RA
70
Brookfield Real Assets Income Fund
RA
$693M
$795K 0.07%
34,301
– –
UIS icon
71
Unisys
UIS
$200M
$780K 0.07%
60,944
-20,700
-25% -$252K
ECF
72
Ellsworth Growth & Income Fund
ECF
$171M
$731K 0.07%
80,143
-1,700
-2% -$15.2K
BOE icon
73
BlackRock Enhanced Global Dividend Trust
BOE
$689M
$725K 0.07%
54,728
-42,579
-44% -$556K
GHY
74
PGIM Global High Yield Fund
GHY
$474M
$702K 0.06%
+47,225
New +$712K
LOR
75
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$675K 0.06%
61,223
– –
1 2
3
4 5

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Boaz Weinstein's Q2 2017 Portfolio in Review

As of Q2 2017, Boaz Weinstein held 120 positions worth $1.1B, down 1.4% from $1.12B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Boaz Weinstein withdrew a net $100M in Q2 2017, closing 17 positions and reducing 30 holdings. Its most notable exit was American Airlines Group, an estimated $9.36M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 7.2% of assets, up from 6.6% a quarter earlier, followed by Financials and Energy.

Against the trend, Boaz Weinstein opened a new position in SM Energy worth $4.69M.

  • Boaz Weinstein's largest Q2 2017 buy was SM Energy: 283,526 shares worth $4.69M.
  • Boaz Weinstein added most to Clough Global Opportunities Fund in Q2 2017, an estimated $20.2M increase.
  • Boaz Weinstein's biggest Q2 2017 reduction was Allspring Multi-Sector Income Fund, cutting an estimated $38M.
  • Boaz Weinstein fully exited American Airlines Group in Q2 2017, selling an estimated $9.36M.
  • Boaz Weinstein's ten largest holdings make up 49% of its $1.1B portfolio in Q2 2017.
  • Boaz Weinstein opened 15 new positions and closed 17 in Q2 2017.
  • Boaz Weinstein's portfolio value fell 1.4% quarter-over-quarter to $1.1B.

Based on Saba Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.