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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
+0.31%
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
$2.15B
AUM Growth
-$192M
Cap. Flow
-$82.3M
Cap. Flow %
-3.82%
Top 10 Hldgs %
51.04%
Holding
120
New
10
Increased
30
Reduced
37
Closed
26

Top Buys

Rank Stock Value
1
BRW
Saba Capital Income & Opportunities Fund
BRW
+$13.1M
2
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$12.8M
3
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$12M
4
MHN
BlackRock MuniHoldings New Yrok Quality Fund
MHN
+$9.62M
5
EFF
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
+$9.33M

Top Sells

Rank Stock Value
1
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$46.5M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$11.9M
3
NTC
Nuveen Connecticut Quality Municipal Income Fund
NTC
+$5.44M
4
ISD
PGIM High Yield Bond Fund
ISD
+$5.24M
5
IVH
Delaware Ivy High Income Opportunities Fund
IVH
+$5.14M

Sector Composition

Rank Sector Weight
1 Healthcare 0.97%
2 Energy 0.23%
3 Real Estate 0.07%
4 Consumer Staples 0.07%
5 Technology 0.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BGT icon
51
BlackRock Floating Rate Income Trust
BGT
$324M
$8.58M 0.4%
698,954
+3,604
+0.5% +$44.5K
NKG
52
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$8.41M 0.39%
678,064
-259,273
-28% -$3.23M
HYB
53
DELISTED
New America High Income Fund, Inc.
HYB
$8.4M 0.39%
951,338
-190,077
-17% -$1.67M
RIG icon
54
PUT
Transocean
RIG
$6.61B
$8.32M 0.39%
+1,862,200
New +$9.88M
RRD
55
PUT
DELISTED
RR Donnelley & Sons Co.
RRD
$7.98M 0.37%
2,116,700
+12,600
+0.6% +$30K
BSE
56
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$7.6M 0.35%
553,086
+59,258
+12% +$805K
IVH
57
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$7.39M 0.34%
538,946
-378,195
-41% -$5.14M
MNE
58
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
$6.75M 0.31%
459,121
+2
+0% +$29
RGT
59
Royce Global Value Trust
RGT
$101M
$6.7M 0.31%
662,354
-16,879
-2% -$172K
DNI
60
DELISTED
Dividend and Income Fund
DNI
$4.8M 0.22%
402,004
– –
EVM
61
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$4.44M 0.21%
391,529
-332,405
-46% -$3.76M
NNC
62
DELISTED
Nuveen North Carolina Quality Municipal Income Fund
NNC
$4.42M 0.21%
327,536
-228,112
-41% -$3.09M
VMM
63
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$4.39M 0.2%
335,178
-29,299
-8% -$383K
BQH
64
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$3.83M 0.18%
260,476
+31,811
+14% +$471K
BWG
65
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$3.62M 0.17%
299,388
-24,574
-8% -$293K
FAM
66
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$2.94M 0.14%
278,391
+23,558
+9% +$250K
NFJ
67
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
$2.88M 0.13%
235,729
– –
EVY
68
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
$2.74M 0.13%
204,519
-8,814
-4% -$116K
BTU icon
69
Peabody Energy
BTU
$3.37B
$2.58M 0.12%
+175,000
New +$3.41M
MYI icon
70
BlackRock MuniYield Quality Fund III
MYI
$711M
$2.57M 0.12%
+189,601
New +$2.55M
MPA icon
71
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$143M
$2.49M 0.12%
175,322
+48,938
+39% +$694K
TLI
72
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$2.37M 0.11%
250,202
-47,677
-16% -$455K
ARDC
73
Are Dynamic Credit Allocation Fund
ARDC
$294M
$2.19M 0.1%
146,986
– –
NBO
74
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$2.18M 0.1%
174,518
-77,570
-31% -$963K
MSD
75
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$1.86M 0.09%
201,982
– –
1 2
3
4 5

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Boaz Weinstein's Q3 2019 Portfolio in Review

As of Q3 2019, Boaz Weinstein held 120 positions worth $2.15B, down 8.2% from $2.35B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Boaz Weinstein withdrew a net $82.3M in Q3 2019, closing 26 positions and reducing 37 holdings. Its most notable exit was VanEck Oil Services ETF, an estimated $5.12M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 0.97% of assets, up from 0.68% a quarter earlier, followed by Energy and Real Estate.

Against the trend, Boaz Weinstein opened a new position in Peabody Energy worth $2.58M.

  • Boaz Weinstein's largest Q3 2019 buy was Peabody Energy: 175,000 shares worth $2.58M.
  • Boaz Weinstein added most to Saba Capital Income & Opportunities Fund in Q3 2019, an estimated $13.1M increase.
  • Boaz Weinstein's biggest Q3 2019 reduction was Nuveen Credit Strategies Income Fund, cutting an estimated $46.5M.
  • Boaz Weinstein fully exited VanEck Oil Services ETF in Q3 2019, selling an estimated $5.12M.
  • Boaz Weinstein's ten largest holdings make up 51% of its $2.15B portfolio in Q3 2019.
  • Boaz Weinstein opened 10 new positions and closed 26 in Q3 2019.
  • Boaz Weinstein's portfolio value fell 8.2% quarter-over-quarter to $2.15B.

Based on Saba Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.