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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
-3.07%
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
$1.94B
AUM Growth
+$339M
Cap. Flow
+$326M
Cap. Flow %
16.75%
Top 10 Hldgs %
45.45%
Holding
125
New
31
Increased
23
Reduced
34
Closed
19

Top Buys

Rank Stock Value
1
SDRL
Seadrill Limited Common Stock
SDRL
+$49.5M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$33.2M
3
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$29.2M
4
VVR icon
Invesco Senior Income Trust
VVR
+$23.4M
5
BRW
Saba Capital Income & Opportunities Fund
BRW
+$23.1M

Top Sells

Rank Stock Value
1
TEI
Templeton Emerging Markets Income Fund
TEI
+$25.7M
2
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$18.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$15.3M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.9M
5
AAPL icon
Apple
AAPL
+$10.4M

Sector Composition

Rank Sector Weight
1 Technology 3.69%
2 Energy 3.18%
3 Healthcare 1.47%
4 Financials 0.8%
5 Communication Services 0.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOG icon
51
Alphabet (Google) Class C
GOOG
$4.18T
$7.03M 0.36%
117,880
-131,980
-53% -$7.91M
KMM
52
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$6.88M 0.35%
766,597
-30,000
-4% -$268K
MSD
53
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$6.16M 0.32%
710,804
-296,515
-29% -$2.61M
HYB
54
DELISTED
New America High Income Fund, Inc.
HYB
$5.93M 0.3%
691,052
+330,477
+92% +$2.81M
NGD
55
DELISTED
New Gold Inc
NGD
$5.16M 0.27%
6,505,498
+4,777,461
+276% +$6.15M
EBAY icon
56
eBay
EBAY
$46.3B
$5.14M 0.26%
+155,812
New +$5.4M
HNW
57
DELISTED
Pioneer Diversified High Income Fund
HNW
$5.11M 0.26%
349,538
+170,827
+96% +$2.49M
OMF icon
58
OneMain Financial
OMF
$7.27B
$4.98M 0.26%
148,083
+124,434
+526% +$4.36M
RGT
59
Royce Global Value Trust
RGT
$101M
$4.76M 0.24%
452,640
-1,486
-0.3% -$15.7K
NFJ
60
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
$4.53M 0.23%
346,011
-1,401,919
-80% -$18.2M
RRD
61
DELISTED
RR Donnelley & Sons Co.
RRD
$3.55M 0.18%
656,866
+75,392
+13% +$406K
BWG
62
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$3.52M 0.18%
323,962
-64,358
-17% -$728K
PKD
63
DELISTED
Parker Drilling Company
PKD
$3.24M 0.17%
1,087,568
-2
-0% -$8
XRX icon
64
PUT
Xerox
XRX
$381M
$3.24M 0.17%
120,000
-17,000
-12% -$450K
KST
65
DELISTED
Deutsche Strategic Income Trust
KST
$3.11M 0.16%
246,525
-10,000
-4% -$125K
MSFT icon
66
Microsoft
MSFT
$3.59T
$2.78M 0.14%
+24,324
New +$2.64M
FSD
67
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$2.38M 0.12%
161,214
-31,509
-16% -$464K
AVP
68
DELISTED
Avon Products, Inc.
AVP
$2.24M 0.12%
1,019,349
-2,417,408
-70% -$4.46M
CHN
69
DELISTED
China Fund
CHN
$1.89M 0.1%
96,494
-2,949
-3% -$58.9K
AWF
70
AllianceBernstein Global High Income Fund
AWF
$874M
$1.85M 0.1%
158,757
-159,675
-50% -$1.85M
RDC
71
PUT
DELISTED
Rowan Companies Plc
RDC
$1.82M 0.09%
96,400
– –
TLI
72
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$1.73M 0.09%
+174,003
New +$1.74M
DNI
73
DELISTED
Dividend and Income Fund
DNI
$1.6M 0.08%
134,376
– –
XRX icon
74
Xerox
XRX
$381M
$1.51M 0.08%
55,936
-32,798
-37% -$867K
BFY
75
DELISTED
BlackRock New York Municipal Income Trust II
BFY
$1.43M 0.07%
+112,034
New +$1.43M
1 2
3
4 5

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Boaz Weinstein's Q3 2018 Portfolio in Review

As of Q3 2018, Boaz Weinstein held 125 positions worth $1.94B, up 21% from $1.61B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Boaz Weinstein deployed $326M of net new capital in Q3 2018, opening 31 new positions and adding to 23 existing holdings. Its largest new stake was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.

By sector, the portfolio is most concentrated in Technology at 3.7% of assets, up from 2.7% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was Templeton Emerging Markets Income Fund, an estimated $25.7M trimmed.

  • Boaz Weinstein's largest Q3 2018 buy was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.
  • Boaz Weinstein added most to Nuveen Credit Strategies Income Fund in Q3 2018, an estimated $33.2M increase.
  • Boaz Weinstein's biggest Q3 2018 reduction was Templeton Emerging Markets Income Fund, cutting an estimated $25.7M.
  • Boaz Weinstein fully exited Saba Capital Income & Opportunities Fund II in Q3 2018, selling an estimated $5.77M.
  • Boaz Weinstein's ten largest holdings make up 45% of its $1.94B portfolio in Q3 2018.
  • Boaz Weinstein opened 31 new positions and closed 19 in Q3 2018.
  • Boaz Weinstein's portfolio value rose 21% quarter-over-quarter to $1.94B.

Based on Saba Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.