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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
+8.05%
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
$4.97B
AUM Growth
+$805M
Cap. Flow
+$407M
Cap. Flow %
8.19%
Top 10 Hldgs %
36.32%
Holding
612
New
38
Increased
118
Reduced
49
Closed
118

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$144M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$133M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$118M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$50M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$48.9M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$89M
2
KMF
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
+$32.7M
3
FSCO
FS Credit Opportunities Corp
FSCO
+$22.5M
4
CEN
Center Coast Brookfield MLP & Energy Infrastructure Fund
CEN
+$15.1M
5
F icon
Ford
F
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 3.71%
2 Consumer Discretionary 0.93%
3 Industrials 0.4%
4 Technology 0.39%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
51
PUT
Microsoft
MSFT
$3.59T
$24.4M 0.49%
65,000
– –
HQH
52
abrdn Healthcare Investors
HQH
$1.39B
$23.6M 0.47%
1,424,346
+1,127,709
+380% +$17.3M
GHIX
53
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$23.2M 0.47%
2,206,540
– –
HIE
54
DELISTED
Miller/Howard High Income Equity Fund
HIE
$23.1M 0.47%
2,181,559
– –
RA
55
Brookfield Real Assets Income Fund
RA
$693M
$22.9M 0.46%
1,785,006
+1,011,067
+131% +$12.6M
WYNN icon
56
PUT
Wynn Resorts
WYNN
$10.3B
$22.8M 0.46%
250,000
– –
AFB
57
AllianceBernstein National Municipal Income Fund
AFB
$314M
$22.2M 0.45%
2,048,985
+372,190
+22% +$3.7M
MPA icon
58
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$143M
$22.1M 0.44%
1,899,928
+220,559
+13% +$2.39M
FSCO
59
FS Credit Opportunities Corp
FSCO
$1.05B
$22.1M 0.44%
3,894,173
-4,012,952
-51% -$22.5M
GAM
60
General American Investors Company
GAM
$1.61B
$21.9M 0.44%
510,885
– –
KKR icon
61
PUT
KKR & Co
KKR
$97.4B
$21.5M 0.43%
260,000
– –
MMU
62
Western Asset Managed Municipals Fund
MMU
$556M
$21.4M 0.43%
2,099,958
+771,487
+58% +$7.28M
NAVI icon
63
PUT
Navient
NAVI
$886M
$21.1M 0.42%
1,131,800
+71,900
+7% +$1.25M
GDV icon
64
Gabelli Dividend & Income Trust
GDV
$2.66B
$21.1M 0.42%
+972,846
New +$19.3M
MYN icon
65
BlackRock MuniYield New York Quality Fund
MYN
$371M
$20.6M 0.42%
1,997,464
+389,991
+24% +$3.66M
EDD
66
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$20.6M 0.41%
4,421,970
-1,048,158
-19% -$4.77M
MAV
67
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$19.9M 0.4%
2,483,505
+536,805
+28% +$3.86M
KTF
68
DWS Municipal Income Trust
KTF
$344M
$19.8M 0.4%
2,228,383
+637,930
+40% +$5.21M
NBH
69
Neuberger Municipal Fund Inc
NBH
$302M
$19.6M 0.39%
1,889,906
+1,779,070
+1,605% +$17.1M
MUJ icon
70
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$648M
$19.5M 0.39%
1,713,114
+916,137
+115% +$9.74M
HQL
71
abrdn Life Sciences Investors
HQL
$681M
$19.1M 0.38%
1,421,300
+1,149,693
+423% +$14.1M
MHN
72
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$18.8M 0.38%
1,789,148
+333,106
+23% +$3.22M
MU icon
73
PUT
Micron Technology
MU
$1.09T
$18.8M 0.38%
220,000
– –
BCX icon
74
BlackRock Resources & Commodities Strategy Trust
BCX
$1.01B
$18.7M 0.38%
2,111,074
+510,961
+32% +$4.5M
XRX icon
75
PUT
Xerox
XRX
$381M
$18.6M 0.37%
+1,015,800
New +$15M
1 2
3
4 5

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Boaz Weinstein's Q4 2023 Portfolio in Review

As of Q4 2023, Boaz Weinstein held 612 positions worth $4.97B, up 19% from $4.17B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Boaz Weinstein deployed $407M of net new capital in Q4 2023, opening 38 new positions and adding to 118 existing holdings. Its largest new stake was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.

By sector, the portfolio is most concentrated in Financials at 3.7% of assets, down from 5.9% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund II, an estimated $89M trimmed.

  • Boaz Weinstein's largest Q4 2023 buy was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.
  • Boaz Weinstein added most to BlackRock Technology and Private Equity Term Trust in Q4 2023, an estimated $144M increase.
  • Boaz Weinstein's biggest Q4 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $89M.
  • Boaz Weinstein fully exited Kayne Anderson NextGen Energy & Infrastructure, Inc. in Q4 2023, selling an estimated $32.7M.
  • Boaz Weinstein's ten largest holdings make up 36% of its $4.97B portfolio in Q4 2023.
  • Boaz Weinstein opened 38 new positions and closed 118 in Q4 2023.
  • Boaz Weinstein's portfolio value rose 19% quarter-over-quarter to $4.97B.

Based on Saba Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.