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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
-3.37%
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
$1.25B
AUM Growth
-$521M
Cap. Flow
-$435M
Cap. Flow %
-34.86%
Top 10 Hldgs %
36.8%
Holding
204
New
20
Increased
21
Reduced
99
Closed
56

Top Buys

Rank Stock Value
1
BND icon
Vanguard Total Bond Market
BND
+$17.3M
2
CNX icon
CNX Resources
CNX
+$5.94M
3
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.62M
4
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$4.11M
5
IGLB icon
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
+$2.71M

Top Sells

Rank Stock Value
1
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$24.1M
2
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$16.2M
3
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$15.3M
4
BTU
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
+$14.2M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$13.9M

Sector Composition

Rank Sector Weight
1 Financials 6.26%
2 Industrials 2.95%
3 Energy 2.17%
4 Materials 1.74%
5 Consumer Discretionary 1.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SGL
76
DELISTED
STRATEGIC GLOBAL INCOME FUND
SGL
$2.79M 0.22%
329,287
-52,100
-14% -$454K
IGLB icon
77
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.77B
$2.74M 0.22%
+44,553
New +$2.71M
VLT icon
78
Invesco High Income Trust II
VLT
$64.2M
$2.68M 0.21%
178,560
-16,344
-8% -$249K
RDC
79
DELISTED
Rowan Companies Plc
RDC
$2.65M 0.21%
113,684
-122,443
-52% -$2.83M
BPOP icon
80
Popular Inc
BPOP
$10.8B
$2.51M 0.2%
73,789
-362,599
-83% -$11.4M
MUR icon
81
Murphy Oil
MUR
$5.36B
$2.49M 0.2%
+49,220
New +$2.52M
TTEK icon
82
Tetra Tech
TTEK
$9.47B
$2.48M 0.2%
465,085
+55,725
+14% +$291K
EME icon
83
Emcor
EME
$34.3B
$2.46M 0.2%
55,288
+3,760
+7% +$162K
BLW icon
84
BlackRock Limited Duration Income Trust
BLW
$495M
$2.35M 0.19%
149,690
-185,890
-55% -$2.96M
DDF
85
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$2.35M 0.19%
238,291
-15,579
-6% -$153K
BTU
86
PUT
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
$2.33M 0.19%
20,100
-223,233
-92% -$33.3M
BTU
87
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
$2.19M 0.18%
18,870
-95,238
-83% -$14.2M
MAS icon
88
Masco
MAS
$14.5B
$2.17M 0.17%
98,241
+14,572
+17% +$301K
CIK
89
Credit Suisse Asset Management Income Fund
CIK
$133M
$2.17M 0.17%
659,168
-285,612
-30% -$958K
WOR icon
90
Worthington Enterprises
WOR
$2.78B
$2.15M 0.17%
+116,070
New +$2.57M
VBF icon
91
Invesco Bond Fund
VBF
$167M
$2.13M 0.17%
115,531
-403,588
-78% -$7.46M
WERN icon
92
Werner Enterprises
WERN
$2.33B
$2.12M 0.17%
68,171
-20,397
-23% -$575K
AVY icon
93
Avery Dennison
AVY
$13.9B
$2M 0.16%
38,492
-4,599
-11% -$218K
VMBS icon
94
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.6B
$1.95M 0.16%
36,709
-1,250
-3% -$66.3K
QLTA icon
95
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.21B
$1.91M 0.15%
36,831
-4,289
-10% -$221K
BKT icon
96
BlackRock Income Trust
BKT
$338M
$1.85M 0.15%
96,271
-120,567
-56% -$2.31M
TECK icon
97
Teck Resources
TECK
$33.9B
$1.75M 0.14%
128,556
+7,890
+7% +$120K
OWW
98
DELISTED
ORBITZ WORLDWIDE, INC
OWW
$1.69M 0.14%
+205,011
New +$1.64M
SPXC icon
99
SPX Corp
SPXC
$10.4B
$1.67M 0.13%
+77,228
New +$1.73M
EVG
100
Eaton Vance Short Duration Diversified Income Fund
EVG
$142M
$1.65M 0.13%
116,443
-102,893
-47% -$1.48M
2 3
4
5 6

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Boaz Weinstein's Q4 2014 Portfolio in Review

As of Q4 2014, Boaz Weinstein held 204 positions worth $1.25B, down 29% from $1.77B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Boaz Weinstein withdrew a net $435M in Q4 2014, closing 56 positions and reducing 99 holdings. Its most notable exit was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $24.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.3% of assets, down from 8.2% a quarter earlier, followed by Industrials and Energy.

Against the trend, Boaz Weinstein opened a new position in Vanguard Total Bond Market worth $17.2M.

  • Boaz Weinstein's largest Q4 2014 buy was Vanguard Total Bond Market: 209,205 shares worth $17.2M.
  • Boaz Weinstein added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q4 2014, an estimated $4.62M increase.
  • Boaz Weinstein's biggest Q4 2014 reduction was PEABODY ENERGY CORP COM STK NEW (DE), cutting an estimated $14.2M.
  • Boaz Weinstein fully exited iShares 1-5 Year Investment Grade Corporate Bond ETF in Q4 2014, selling an estimated $24.1M.
  • Boaz Weinstein's ten largest holdings make up 37% of its $1.25B portfolio in Q4 2014.
  • Boaz Weinstein opened 20 new positions and closed 56 in Q4 2014.
  • Boaz Weinstein's portfolio value fell 29% quarter-over-quarter to $1.25B.

Based on Saba Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.