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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
+2.35%
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
$1.1B
AUM Growth
-$15.6M
Cap. Flow
-$100M
Cap. Flow %
-9.07%
Top 10 Hldgs %
49.27%
Holding
120
New
15
Increased
25
Reduced
30
Closed
17

Top Buys

Rank Stock Value
1
GLO
Clough Global Opportunities Fund
GLO
+$20.2M
2
MSD
Morgan Stanley Emerging Markets Debt Fund
MSD
+$12.6M
3
HTZ
Hertz Global Holdings, Inc.
HTZ
+$7.46M
4
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$6.56M
5
SM icon
SM Energy
SM
+$5.63M

Top Sells

Rank Stock Value
1
ERC
Allspring Multi-Sector Income Fund
ERC
+$38M
2
FTF
Franklin Limited Duration Income Trust
FTF
+$17.1M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$9.73M
4
AAL icon
American Airlines Group
AAL
+$9.36M
5
BHC icon
Bausch Health
BHC
+$8.31M

Sector Composition

Rank Sector Weight
1 Healthcare 7.17%
2 Financials 2.13%
3 Energy 2.01%
4 Industrials 1.15%
5 Consumer Staples 1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HYI
76
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
$662K 0.06%
43,354
+9,000
+26% +$139K
ESV
77
DELISTED
Ensco Rowan plc
ESV
$602K 0.05%
+29,143
New +$837K
PKD
78
DELISTED
Parker Drilling Company
PKD
$582K 0.05%
+28,722
New +$646K
PES
79
DELISTED
Pioneer Energy Services Corp.
PES
$492K 0.04%
+240,025
New +$690K
EEA
80
European Equity Fund
EEA
$76.6M
$415K 0.04%
45,222
– –
ZF
81
DELISTED
Virtus Total Return Fund Inc.
ZF
$384K 0.03%
31,366
+14,300
+84% +$170K
JGH icon
82
Nuveen Global High Income Fund
JGH
$348M
$383K 0.03%
+22,704
New +$381K
BCV
83
Bancroft Fund
BCV
$140M
$345K 0.03%
15,970
– –
BIT icon
84
BlackRock Multi-Sector Income Trust
BIT
$681M
$328K 0.03%
18,100
– –
NRO
85
Neuberger Real Estate Securities Income Fund Inc
NRO
$186M
$290K 0.03%
56,343
– –
ASHR icon
86
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
$243K 0.02%
8,900
– –
APC
87
DELISTED
Anadarko Petroleum
APC
$197K 0.02%
4,347
– –
FAM
88
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$188K 0.02%
16,112
-15,893
-50% -$188K
MVC
89
DELISTED
MVC Capital, Inc.
MVC
$177K 0.02%
18,000
– –
SCD
90
LMP Capital and Income Fund
SCD
$358M
$165K 0.02%
11,589
– –
RDN icon
91
Radian Group
RDN
$4.84B
$164K 0.01%
10,000
– –
HYB
92
DELISTED
New America High Income Fund, Inc.
HYB
$143K 0.01%
15,050
– –
JMM icon
93
Nuveen Multi-Market Income Fund
JMM
$54.6M
$130K 0.01%
17,285
– –
IGD
94
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$517M
$110K 0.01%
14,560
-105,440
-88% -$783K
DYN.WS
95
DELISTED
Dynegy Inc,
DYN.WS
$95K 0.01%
1,394,423
– –
CYHHZ
96
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$16K ﹤0.01%
795,108
– –
BONT
97
DELISTED
Bon-Ton Stores Inc/The
BONT
$13K ﹤0.01%
+30,005
New +$18.2K
AAL icon
98
American Airlines Group
AAL
$9.15B
– –
-201,408
Closed -$9.36M
ADX icon
99
Adams Diversified Equity Fund
ADX
$3.23B
– –
-24,000
Closed -$330K
CIF
100
DELISTED
MFS Intermediate High Income Fund
CIF
– –
-88,302
Closed -$233K
1 2 3
4
5

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LNC
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Boaz Weinstein's Q2 2017 Portfolio in Review

As of Q2 2017, Boaz Weinstein held 120 positions worth $1.1B, down 1.4% from $1.12B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Boaz Weinstein withdrew a net $100M in Q2 2017, closing 17 positions and reducing 30 holdings. Its most notable exit was American Airlines Group, an estimated $9.36M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 7.2% of assets, up from 6.6% a quarter earlier, followed by Financials and Energy.

Against the trend, Boaz Weinstein opened a new position in SM Energy worth $4.69M.

  • Boaz Weinstein's largest Q2 2017 buy was SM Energy: 283,526 shares worth $4.69M.
  • Boaz Weinstein added most to Clough Global Opportunities Fund in Q2 2017, an estimated $20.2M increase.
  • Boaz Weinstein's biggest Q2 2017 reduction was Allspring Multi-Sector Income Fund, cutting an estimated $38M.
  • Boaz Weinstein fully exited American Airlines Group in Q2 2017, selling an estimated $9.36M.
  • Boaz Weinstein's ten largest holdings make up 49% of its $1.1B portfolio in Q2 2017.
  • Boaz Weinstein opened 15 new positions and closed 17 in Q2 2017.
  • Boaz Weinstein's portfolio value fell 1.4% quarter-over-quarter to $1.1B.

Based on Saba Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.