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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
+1.88%
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
$1.77B
AUM Growth
+$52.4M
(+3%)
Cap. Flow
+$22.1M
Cap. Flow
% of AUM
1.25%
Top 10 Holdings %
Top 10 Hldgs %
34.58%
Holding
253
New
52
Increased
82
Reduced
55
Closed
46
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Corporate Bond ETF
VCSH
|
+$34.1M |
| 2 |
KB Home
KBH
|
+$28.3M |
| 3 |
BlackRock Debt Strategies Fund
DSU
|
+$24M |
| 4 |
FST
FOREST OIL CORPORATION
FST
|
+$23.2M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$19.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$101M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$36.9M |
| 3 |
General Motors
GM
|
+$26.3M |
| 4 |
iShares Floating Rate Bond ETF
FLOT
|
+$24.1M |
| 5 |
FSL
FREESCALE SEMICONDUCTOR LTD
FSL
|
+$19.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.61% |
| 2 | Consumer Discretionary | 5.64% |
| 3 | Energy | 3.35% |
| 4 | Industrials | 2.29% |
| 5 | Materials | 1.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
DHT Holdings
DHT
$3.2B
| $4.93M | 0.28% |
+634,220
| New | +$4.94M |
|
77
Community Health Systems
CYH
$424M
| $4.89M | 0.28% |
151,098
+68,845
| +84% | +$2.27M |
|
|
SBW
78
DELISTED
Western Asset Worldwide Income
SBW
| $4.86M | 0.27% |
394,280
+149,453
| +61% | +$1.8M |
|
79
Wendy's
WEN
$1.72B
| $4.85M | 0.27% |
532,134
-16,450
| -3% | -$151K |
|
80
Brunswick
BC
$5.24B
| $4.74M | 0.27% |
+104,566
| New | +$4.6M |
|
81
Quest Diagnostics
DGX
$27B
| $4.63M | 0.26% |
79,898
+14,998
| +23% | +$804K |
|
|
BTU
82
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $4.48M | 0.25% |
18,293
+10,809
| +144% | +$2.74M |
|
83
Flex
FLEX
$40.8B
| $4.46M | 0.25% |
640,296
-335,598
| -34% | -$2.17M |
|
84
Invesco High Income Trust II
VLT
$64.2M
| $4.26M | 0.24% |
257,791
+58,814
| +30% | +$968K |
|
85
BlackRock Floating Rate Income Strategies Fund
FRA
$382M
| $4.24M | 0.24% |
291,177
-26,102
| -8% | -$382K |
|
|
WFT
86
DELISTED
Weatherford International plc
WFT
| $4.01M | 0.23% |
231,292
-28,563
| -11% | -$438K |
|
|
JPS
87
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
| $3.88M | 0.22% |
446,562
+412,202
| +1,200% | +$3.49M |
|
88
Ovintiv
OVV
$18.5B
| $3.75M | 0.21% |
35,091
-72,252
| -67% | -$6.84M |
|
89
BlackRock Income Trust
BKT
$338M
| $3.71M | 0.21% |
189,609
+22,649
| +14% | +$444K |
|
90
Amkor Technology
AMKR
$12.5B
| $3.71M | 0.21% |
540,528
-1,079,707
| -67% | -$6.31M |
|
|
BGX
91
Blackstone Long-Short Credit Income Fund
BGX
$137M
| $3.63M | 0.2% |
206,264
+31,837
| +18% | +$571K |
|
|
PAI
92
Western Asset Investment Grade Income Fund
PAI
$114M
| $3.63M | 0.2% |
273,707
+55,661
| +26% | +$735K |
|
93
Edgewell Personal Care
EPC
$1.32B
| $3.58M | 0.2% |
+47,984
| New | +$3.51M |
|
|
DMO
94
Western Asset Mortgage Opportunity Fund
DMO
$118M
| $3.46M | 0.19% |
149,655
-35,057
| -19% | -$810K |
|
|
SGL
95
DELISTED
STRATEGIC GLOBAL INCOME FUND
SGL
| $3.44M | 0.19% |
372,923
+271,049
| +266% | +$2.46M |
|
96
Teekay
TK
$1.16B
| $3.37M | 0.19% |
59,900
-110,942
| -65% | -$6.03M |
|
|
PCF
97
High Income Securities Fund
PCF
$100M
| $3.29M | 0.19% |
392,492
+209,515
| +115% | +$1.75M |
|
|
SVU
98
DELISTED
SUPERVALU Inc.
SVU
| $3.21M | 0.18% |
67,011
+3,158
| +5% | +$141K |
|
99
Stanley Black & Decker
SWK
$15.1B
| $3.04M | 0.17% |
37,463
-37,965
| -50% | -$3.04M |
|
|
HTR
100
DELISTED
Brookfield Total Return Fund Inc
HTR
| $3.04M | 0.17% |
125,371
-2,300
| -2% | -$55.2K |
|
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Boaz Weinstein's Q1 2014 Portfolio in Review
As of Q1 2014, Boaz Weinstein held 253 positions worth $1.77B, up 3% from $1.72B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Boaz Weinstein's Q1 2014 filing shows 52 new, 82 increased, 55 reduced and 46 closed positions. Its largest new stake was Vanguard Short-Term Corporate Bond ETF: 426,186 shares worth $34.1M. The largest sale was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $101M.
By sector, the portfolio is most concentrated in Financials at 8.6% of assets, up from 6.9% a quarter earlier, followed by Consumer Discretionary and Energy.
- Boaz Weinstein's largest Q1 2014 buy was Vanguard Short-Term Corporate Bond ETF: 426,186 shares worth $34.1M.
- Boaz Weinstein added most to KB Home in Q1 2014, an estimated $28.3M increase.
- Boaz Weinstein's biggest Q1 2014 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $36.9M.
- Boaz Weinstein fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2014, selling an estimated $101M.
- Boaz Weinstein's ten largest holdings make up 35% of its $1.77B portfolio in Q1 2014.
- Boaz Weinstein opened 52 new positions and closed 46 in Q1 2014.
- Boaz Weinstein's portfolio value rose 3% quarter-over-quarter to $1.77B.
Based on Saba Capital Management's 13F filing for Q1 2014, filed 15 May 2014.