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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
+8.29%
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
$3.66B
AUM Growth
-$599M
Cap. Flow
-$853M
Cap. Flow %
-23.31%
Top 10 Hldgs %
44.39%
Holding
376
New
53
Increased
42
Reduced
87
Closed
47

Top Buys

Rank Stock Value
1
ASA
ASA Gold and Precious Metals
ASA
+$50.9M
2
RVT icon
Royce Value Trust
RVT
+$22.1M
3
TY icon
TRI-Continental Corp
TY
+$17M
4
WENN
Wen Acquisition Corp
WENN
+$15.9M
5
GAM
General American Investors Company
GAM
+$14.1M

Top Sells

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$445M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$101M
3
MHI
Pioneer Municipal High Income Fund
MHI
+$38.5M
4
ADX icon
Adams Diversified Equity Fund
ADX
+$33.4M
5
MAV
Pioneer Municipal High Income Advantage Fund
MAV
+$33.3M

Sector Composition

Rank Sector Weight
1 Financials 4.4%
2 Technology 2.69%
3 Communication Services 2.13%
4 Consumer Discretionary 1.37%
5 Industrials 1.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WENN
51
Wen Acquisition Corp
WENN
$15.8M 0.43%
+1,563,222
New +$15.9M
DIAX
52
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
$15.4M 0.42%
1,034,426
+322,238
+45% +$4.67M
GLO
53
Clough Global Opportunities Fund
GLO
$248M
$15.2M 0.42%
2,668,599
+12,875
+0.5% +$71.1K
RMT
54
Royce Micro-Cap Trust
RMT
$768M
$14.6M 0.4%
1,408,081
+1,136,467
+418% +$11.2M
BNY
55
DELISTED
BlackRock New York Municipal Income Trust
BNY
$13.8M 0.38%
1,361,044
-465,153
-25% -$4.51M
IAE
56
Voya Asia Pacific High Dividend Equity Income Fund
IAE
$95M
$13.6M 0.37%
1,816,687
– –
DMB
57
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$193M
$13.4M 0.37%
1,249,045
-37,966
-3% -$387K
PAGS icon
58
PagSeguro Digital
PAGS
$2.38B
$12.9M 0.35%
1,293,415
– –
BCX icon
59
BlackRock Resources & Commodities Strategy Trust
BCX
$1.01B
$12.8M 0.35%
1,260,680
-413,526
-25% -$4.06M
TWN
60
Taiwan Fund
TWN
$561M
$12.3M 0.34%
226,694
+103,248
+84% +$5.05M
PDD icon
61
PUT
Pinduoduo
PDD
$126B
$11.3M 0.31%
+85,800
New +$10.2M
SABR icon
62
Sabre
SABR
$848M
$11.1M 0.3%
6,050,565
+5,014,256
+484% +$11.8M
IHD
63
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$134M
$11M 0.3%
1,748,915
– –
SNAP icon
64
Snap
SNAP
$8.86B
$11M 0.3%
1,421,784
-307,264
-18% -$2.55M
BAC icon
65
PUT
Bank of America
BAC
$431B
$10.8M 0.3%
209,900
– –
PMTR
66
Perimeter Acquisition Corp I
PMTR
$321M
$10.7M 0.29%
1,055,870
-2,822
-0.3% -$28.8K
NBH
67
Neuberger Municipal Fund Inc
NBH
$302M
$10.4M 0.29%
1,012,131
-734,046
-42% -$7.33M
HCMA
68
HCM III Acquisition Corp
HCMA
$9.6M 0.26%
+949,650
New +$9.59M
NMAI icon
69
Nuveen Multi-Asset Income Fund
NMAI
$476M
$9.53M 0.26%
734,195
-1,037,368
-59% -$13.2M
PCQ
70
Pimco California Municipal Income Fund
PCQ
$166M
$9.41M 0.26%
+1,079,027
New +$9.11M
PCAP
71
ProCap Acquisition Corp
PCAP
$9.2M 0.25%
+895,996
New +$9.24M
BIDU icon
72
Baidu
BIDU
$31.6B
$9.1M 0.25%
69,068
-38,000
-35% -$3.76M
DAAQ
73
Digital Asset Acquisition Corp
DAAQ
$239M
$8.66M 0.24%
850,000
– –
ABNB icon
74
PUT
Airbnb
ABNB
$110B
$8.55M 0.23%
70,400
– –
NVDA icon
75
NVIDIA
NVDA
$5.2T
$8.5M 0.23%
45,569
+13,815
+44% +$2.41M
1 2
3
4 5

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LCM
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NAM
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FFGIM
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CIP
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LNC
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Boaz Weinstein's Q3 2025 Portfolio in Review

As of Q3 2025, Boaz Weinstein held 376 positions worth $3.66B, down 14% from $4.26B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Boaz Weinstein withdrew a net $853M in Q3 2025, closing 47 positions and reducing 87 holdings. Its most notable exit was BlackRock Technology and Private Equity Term Trust, an estimated $445M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.4% of assets, up from 2.6% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Boaz Weinstein opened a new position in Royce Value Trust worth $22.6M.

  • Boaz Weinstein's largest Q3 2025 buy was Royce Value Trust: 1,404,173 shares worth $22.6M.
  • Boaz Weinstein added most to ASA Gold and Precious Metals in Q3 2025, an estimated $50.9M increase.
  • Boaz Weinstein's biggest Q3 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $101M.
  • Boaz Weinstein fully exited BlackRock Technology and Private Equity Term Trust in Q3 2025, selling an estimated $445M.
  • Boaz Weinstein's ten largest holdings make up 44% of its $3.66B portfolio in Q3 2025.
  • Boaz Weinstein opened 53 new positions and closed 47 in Q3 2025.
  • Boaz Weinstein's portfolio value fell 14% quarter-over-quarter to $3.66B.

Based on Saba Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.