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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
+3.86%
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
$5.24B
AUM Growth
-$2.15B
Cap. Flow
-$2.37B
Cap. Flow %
-45.31%
Top 10 Hldgs %
21.94%
Holding
1,000
New
76
Increased
83
Reduced
101
Closed
235

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$52.7M
2
ADX icon
Adams Diversified Equity Fund
ADX
+$44.1M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$42.2M
4
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$32.3M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$25.2M

Top Sells

Rank Stock Value
1
HERA
FTAC Hera Acquisition Corp. Class A Ordinary Shares
HERA
+$45.5M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$40.6M
3
BCSA
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
+$36.4M
4
FSNB
Fusion Acquisition Corp. II
FSNB
+$34.8M
5
PTOC
Pine Technology Acquisition Corp. Class A Common Stock
PTOC
+$34M

Sector Composition

Rank Sector Weight
1 Financials 32.09%
2 Industrials 3.09%
3 Technology 2.81%
4 Consumer Discretionary 1.8%
5 Healthcare 1.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAX
776
abrdn Asia-Pacific Income Fund
FAX
$610M
– –
-1,667
Closed -$26.3K
FISV
777
Fiserv Inc
FISV
$28B
– –
-76,124
Closed -$7.69M
FISV
778
PUT
Fiserv Inc
FISV
$28B
– –
-260,000
Closed -$26.3M
HYG icon
779
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
– –
-542,070
Closed -$40.6M
JLS icon
780
Nuveen Mortgage and Income Fund
JLS
$92.3M
– –
-10,376
Closed -$168K
KMI icon
781
PUT
Kinder Morgan
KMI
$69B
– –
-400,000
Closed -$7.23M
LDTC
782
DELISTED
LeddarTech
LDTC
– –
-1,617,770
Closed -$8.17M
LUMN icon
783
Lumen
LUMN
$6.13B
– –
-1,000,000
Closed -$5.22M
LUMN icon
784
PUT
Lumen
LUMN
$6.13B
– –
-1,000,000
Closed -$5.22M
META icon
785
Meta Platforms (Facebook)
META
$1.4T
– –
-139,585
Closed -$16.8M
MS icon
786
Morgan Stanley
MS
$336B
– –
-16,594
Closed -$1.41M
MS icon
787
PUT
Morgan Stanley
MS
$336B
– –
-150,000
Closed -$12.8M
NIE
788
Virtus Equity & Convertible Income Fund
NIE
$725M
– –
-14,454
Closed -$263K
NRG icon
789
NRG Energy
NRG
$23.8B
– –
-88,869
Closed -$2.94M
PATH icon
790
UiPath
PATH
$8.49B
– –
-168,360
Closed -$2.14M
PG icon
791
Procter & Gamble
PG
$336B
– –
-22,546
Closed -$3.42M
PG icon
792
PUT
Procter & Gamble
PG
$336B
– –
-100,000
Closed -$15.2M
PNC icon
793
PNC Financial Services
PNC
$97B
– –
-73,286
Closed -$11.6M
PNC icon
794
PUT
PNC Financial Services
PNC
$97B
– –
-100,000
Closed -$15.8M
SLND icon
795
Southland Holdings
SLND
$37M
– –
-985,627
Closed -$10M
TEI
796
Templeton Emerging Markets Income Fund
TEI
$324M
– –
-85,610
Closed -$470K
TMUS icon
797
PUT
T-Mobile US
TMUS
$196B
– –
-80,000
Closed -$11.2M
UHG
798
DELISTED
United Homes Group
UHG
– –
-1,410,700
Closed -$14.2M
VFC icon
799
VF Corp
VFC
$5.65B
– –
-300,000
Closed -$8.28M
VFC icon
800
PUT
VF Corp
VFC
$5.65B
– –
-300,000
Closed -$8.28M
30 31
32
33 34

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Boaz Weinstein's Q1 2023 Portfolio in Review

As of Q1 2023, Boaz Weinstein held 1,000 positions worth $5.24B, down 29% from $7.39B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Boaz Weinstein withdrew a net $2.37B in Q1 2023, closing 235 positions and reducing 101 holdings. Its most notable exit was FTAC Hera Acquisition Corp. Class A Ordinary Shares, an estimated $45.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 44% a quarter earlier, followed by Industrials and Technology.

Against the trend, Boaz Weinstein opened a new position in Adams Diversified Equity Fund worth $45M.

  • Boaz Weinstein's largest Q1 2023 buy was Adams Diversified Equity Fund: 2,895,323 shares worth $45M.
  • Boaz Weinstein added most to BlackRock Technology and Private Equity Term Trust in Q1 2023, an estimated $52.7M increase.
  • Boaz Weinstein's biggest Q1 2023 reduction was Ares Acquisition Corporation, cutting an estimated $27.3M.
  • Boaz Weinstein fully exited FTAC Hera Acquisition Corp. Class A Ordinary Shares in Q1 2023, selling an estimated $45.5M.
  • Boaz Weinstein's ten largest holdings make up 22% of its $5.24B portfolio in Q1 2023.
  • Boaz Weinstein opened 76 new positions and closed 235 in Q1 2023.
  • Boaz Weinstein's portfolio value fell 29% quarter-over-quarter to $5.24B.

Based on Saba Capital Management's 13F filing for Q1 2023, filed 15 May 2023.