We are live on
!
Find out more
BW
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
-0.45%
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
$958M
AUM Growth
-$289M
(-23%)
Cap. Flow
-$277M
Cap. Flow
% of AUM
-28.95%
Top 10 Holdings %
Top 10 Hldgs %
40.35%
Holding
171
New
24
Increased
6
Reduced
93
Closed
39
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$48.1M |
| 2 |
Vanguard Total Bond Market
BND
|
+$12.9M |
| 3 |
DHG
Deutsche High Incm Opportunities
DHG
|
+$4.41M |
| 4 |
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
|
+$3.95M |
| 5 |
OIBR
OI S A SPONSORED ADR REPSTG PFD NEW (BRA)
OIBR
|
+$3.51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
|
+$22.8M |
| 2 |
BlackRock Credit Allocation Income Trust
BTZ
|
+$17.6M |
| 3 |
FAX
abrdn Asia-Pacific Income Fund
FAX
|
+$12.7M |
| 4 |
BlackRock Multi-Sector Income Trust
BIT
|
+$10.1M |
| 5 |
BlackRock Corporate High Yield Fund
HYT
|
+$9.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 6.66% |
| 2 | Industrials | 1.66% |
| 3 | Energy | 1.63% |
| 4 | Real Estate | 1.14% |
| 5 | Materials | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EVG
76
Eaton Vance Short Duration Diversified Income Fund
EVG
$142M
| $1.62M | 0.17% |
111,848
-4,595
| -4% | -$65.9K |
|
77
KBR
KBR
$4.86B
| $1.56M | 0.16% |
107,519
-144,472
| -57% | -$2.35M |
|
78
Emcor
EME
$34.3B
| $1.54M | 0.16% |
33,199
-22,089
| -40% | -$959K |
|
79
BlackRock Limited Duration Income Trust
BLW
$495M
| $1.53M | 0.16% |
96,974
-52,716
| -35% | -$831K |
|
80
SPX Corp
SPXC
$10.4B
| $1.49M | 0.16% |
69,568
-7,660
| -10% | -$165K |
|
81
Greif
GEF
$5B
| $1.47M | 0.15% |
37,516
+8,792
| +31% | +$360K |
|
82
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.77B
| $1.31M | 0.14% |
12,902
| – | – |
|
83
Matrix Service
MTRX
$311M
| $1.31M | 0.14% |
74,621
-61,338
| -45% | -$1.15M |
|
|
CIT
84
DELISTED
CIT Group Inc.
CIT
| $1.27M | 0.13% |
28,066
-1,331
| -5% | -$60.5K |
|
85
Avery Dennison
AVY
$13.9B
| $1.19M | 0.12% |
22,535
-15,957
| -41% | -$844K |
|
86
Skywest
SKYW
$3.93B
| $1.16M | 0.12% |
79,287
-150,942
| -66% | -$2.1M |
|
87
Masco
MAS
$14.5B
| $1.13M | 0.12% |
48,241
-50,000
| -51% | -$1.13M |
|
88
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.74B
| $1.05M | 0.11% |
+8,969
| New | +$1.05M |
|
89
MillerKnoll
MLKN
$1.57B
| $1.01M | 0.11% |
+36,506
| New | +$1.07M |
|
|
MTOR
90
DELISTED
MERITOR, Inc.
MTOR
| $1.01M | 0.11% |
+79,947
| New | +$1.11M |
|
91
Macy's
M
$6B
| $961K | 0.1% |
+14,807
| New | +$953K |
|
92
Flex
FLEX
$40.8B
| $959K | 0.1% |
11,609
-401,387
| -97% | -$3.52M |
|
|
FT
93
Franklin Universal Trust
FT
$197M
| $946K | 0.1% |
130,895
-36,689
| -22% | -$263K |
|
94
Invesco Bond Fund
VBF
$167M
| $910K | 0.1% |
48,640
-66,891
| -58% | -$1.25M |
|
|
JTP
95
DELISTED
NUVEEN QUALITY PFD INCOME FD
JTP
| $879K | 0.09% |
102,930
-25,798
| -20% | -$219K |
|
96
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $878K | 0.09% |
+16,640
| New | +$876K |
|
97
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $850K | 0.09% |
6,983
-58,770
| -89% | -$7.13M |
|
98
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $722K | 0.08% |
+7,971
| New | +$721K |
|
|
KLXI
99
DELISTED
KLX Inc.
KLXI
| $702K | 0.07% |
+21,590
| New | +$721K |
|
|
BSJF
100
DELISTED
GUGGENGEIM BULLETSHARES 2015 HIGH YIELD CORPORATE BOND ETF
BSJF
| $688K | 0.07% |
26,335
| – | – |
|
Similar funds
MCM
LCM
NAM
FFGIM
CIP
AC
GL
LNC
Boaz Weinstein's Q1 2015 Portfolio in Review
As of Q1 2015, Boaz Weinstein held 171 positions worth $958M, down 23% from $1.25B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Boaz Weinstein withdrew a net $277M in Q1 2015, closing 39 positions and reducing 93 holdings. Its most notable exit was Quest Diagnostics, an estimated $6.39M position sold in full.
By sector, the portfolio is most concentrated in Financials at 6.7% of assets, up from 6.3% a quarter earlier, followed by Industrials and Energy.
Against the trend, Boaz Weinstein opened a new position in iShares Core US Aggregate Bond ETF worth $48.2M.
- Boaz Weinstein's largest Q1 2015 buy was iShares Core US Aggregate Bond ETF: 432,751 shares worth $48.2M.
- Boaz Weinstein added most to Vanguard Total Bond Market in Q1 2015, an estimated $12.9M increase.
- Boaz Weinstein's biggest Q1 2015 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $22.8M.
- Boaz Weinstein fully exited Quest Diagnostics in Q1 2015, selling an estimated $6.39M.
- Boaz Weinstein's ten largest holdings make up 40% of its $958M portfolio in Q1 2015.
- Boaz Weinstein opened 24 new positions and closed 39 in Q1 2015.
- Boaz Weinstein's portfolio value fell 23% quarter-over-quarter to $958M.
Based on Saba Capital Management's 13F filing for Q1 2015, filed 15 May 2015.