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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
-0.58%
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
$1.05B
AUM Growth
-$227M
Cap. Flow
-$168M
Cap. Flow %
-16%
Top 10 Hldgs %
43.29%
Holding
121
New
16
Increased
31
Reduced
34
Closed
22

Top Buys

Rank Stock Value
1
RSX
VanEck Russia ETF
RSX
+$19.9M
2
ERC
Allspring Multi-Sector Income Fund
ERC
+$16M
3
EVG
Eaton Vance Short Duration Diversified Income Fund
EVG
+$13M
4
FTF
Franklin Limited Duration Income Trust
FTF
+$12.2M
5
APC
Anadarko Petroleum
APC
+$5.02M

Top Sells

Rank Stock Value
1
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.6M
2
JLS icon
Nuveen Mortgage and Income Fund
JLS
+$6.79M
3
VRE
Veris Residential
VRE
+$4.92M
4
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$4.45M
5
JHP
NUVEEN QUALITY PREFERRED INCOME FUND 3
JHP
+$3.91M

Sector Composition

Rank Sector Weight
1 Financials 4.52%
2 Energy 0.96%
3 Communication Services 0.56%
4 Consumer Discretionary 0.44%
5 Real Estate 0.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HYG icon
76
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$839K 0.08%
+10,414
New +$866K
OIBR.C
77
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
$808K 0.08%
+264,973
New +$1.06M
PHF
78
DELISTED
Pacholder High Yield
PHF
$770K 0.07%
126,806
-795
-0.6% -$5.05K
LQD icon
79
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
$747K 0.07%
+6,549
New +$757K
SGL
80
DELISTED
STRATEGIC GLOBAL INCOME FUND
SGL
$740K 0.07%
84,432
– –
IGIB icon
81
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.6B
$697K 0.07%
12,986
-63,462
-83% -$3.43M
FMY
82
First Trust Mortgage Income Fund
FMY
$49.3M
$589K 0.06%
40,521
– –
LINE
83
PUT
DELISTED
LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS
LINE
$543K 0.05%
421,300
-581,100
-58% -$1.29M
UIS icon
84
Unisys
UIS
$200M
$537K 0.05%
+48,560
New +$615K
ILG
85
DELISTED
ILG, Inc Common Stock
ILG
$532K 0.05%
34,053
+15,766
+86% +$268K
JHP
86
DELISTED
NUVEEN QUALITY PREFERRED INCOME FUND 3
JHP
$488K 0.05%
57,494
-463,335
-89% -$3.91M
TEI
87
Templeton Emerging Markets Income Fund
TEI
$324M
$426K 0.04%
42,734
– –
JMM icon
88
Nuveen Multi-Market Income Fund
JMM
$54.6M
$393K 0.04%
55,358
+2,707
+5% +$19.1K
DYN.WS
89
DELISTED
Dynegy Inc,
DYN.WS
$344K 0.03%
731,344
-79,469
-10% -$74.6K
GLO
90
Clough Global Opportunities Fund
GLO
$248M
$283K 0.03%
27,143
– –
BLW icon
91
BlackRock Limited Duration Income Trust
BLW
$495M
$278K 0.03%
19,085
-14,712
-44% -$213K
EMB icon
92
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
$262K 0.03%
2,473
-2,768
-53% -$298K
PIM
93
Franklin Master Intermediate Income Trust
PIM
$152M
$259K 0.02%
56,893
– –
AMD icon
94
PUT
Advanced Micro Devices
AMD
$773B
$237K 0.02%
+82,700
New +$185K
SCD
95
LMP Capital and Income Fund
SCD
$358M
$231K 0.02%
18,712
– –
JDD
96
DELISTED
Nuveen Diversified Dividend and Income Fund
JDD
$171K 0.02%
15,767
– –
DEX
97
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$145K 0.01%
15,555
– –
MTOR
98
DELISTED
MERITOR, Inc.
MTOR
$128K 0.01%
15,295
-35,000
-70% -$349K
CYHHZ
99
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$7K ﹤0.01%
795,108
– –
AGG icon
100
iShares Core US Aggregate Bond ETF
AGG
$138B
– –
-40,618
Closed -$4.45M
1 2 3
4
5

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Boaz Weinstein's Q4 2015 Portfolio in Review

As of Q4 2015, Boaz Weinstein held 121 positions worth $1.05B, down 18% from $1.28B the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Boaz Weinstein withdrew a net $168M in Q4 2015, closing 22 positions and reducing 34 holdings. Its most notable exit was Nuveen Mortgage and Income Fund, an estimated $6.79M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.5% of assets, up from 4% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Boaz Weinstein opened a new position in VanEck Russia ETF worth $17.8M.

  • Boaz Weinstein's largest Q4 2015 buy was VanEck Russia ETF: 1,215,200 shares worth $17.8M.
  • Boaz Weinstein added most to Allspring Multi-Sector Income Fund in Q4 2015, an estimated $16M increase.
  • Boaz Weinstein's biggest Q4 2015 reduction was BlackRock Corporate High Yield Fund, cutting an estimated $12.6M.
  • Boaz Weinstein fully exited Nuveen Mortgage and Income Fund in Q4 2015, selling an estimated $6.79M.
  • Boaz Weinstein's ten largest holdings make up 43% of its $1.05B portfolio in Q4 2015.
  • Boaz Weinstein opened 16 new positions and closed 22 in Q4 2015.
  • Boaz Weinstein's portfolio value fell 18% quarter-over-quarter to $1.05B.

Based on Saba Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.