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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
-3.07%
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
$1.94B
AUM Growth
+$339M
Cap. Flow
+$326M
Cap. Flow %
16.75%
Top 10 Hldgs %
45.45%
Holding
125
New
31
Increased
23
Reduced
34
Closed
19

Top Buys

Rank Stock Value
1
SDRL
Seadrill Limited Common Stock
SDRL
+$49.5M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$33.2M
3
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$29.2M
4
VVR icon
Invesco Senior Income Trust
VVR
+$23.4M
5
BRW
Saba Capital Income & Opportunities Fund
BRW
+$23.1M

Top Sells

Rank Stock Value
1
TEI
Templeton Emerging Markets Income Fund
TEI
+$25.7M
2
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$18.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$15.3M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.9M
5
AAPL icon
Apple
AAPL
+$10.4M

Sector Composition

Rank Sector Weight
1 Technology 3.69%
2 Energy 3.18%
3 Healthcare 1.47%
4 Financials 0.8%
5 Communication Services 0.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MNE
76
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
$1.23M 0.06%
+98,274
New +$1.24M
SHLD
77
DELISTED
Sears Holding Corporation
SHLD
$1.09M 0.06%
1,127,464
– –
AAPL icon
78
Apple
AAPL
$4.51T
$883K 0.05%
15,644
-199,424
-93% -$10.4M
BQH
79
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$820K 0.04%
+63,725
New +$829K
NYH
80
DELISTED
Eaton Vance New York Municipal Bond Fund II
NYH
$814K 0.04%
+78,149
New +$835K
JRO
81
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$774K 0.04%
+75,051
New +$768K
DF
82
DELISTED
Dean Foods Company
DF
$762K 0.04%
107,328
+22,000
+26% +$192K
NBO
83
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$719K 0.04%
+62,968
New +$728K
JMM icon
84
Nuveen Multi-Market Income Fund
JMM
$54.6M
$715K 0.04%
+102,048
New +$716K
RIG icon
85
Transocean
RIG
$6.61B
$698K 0.04%
+50,000
New +$621K
ONIT
86
Onity Group
ONIT
$301M
$681K 0.04%
11,518
+654
+6% +$40.5K
HLF icon
87
Herbalife
HLF
$1.33B
$594K 0.03%
+10,882
New +$601K
CEV
88
Eaton Vance California Municipal Income Trust
CEV
$75.2M
$566K 0.03%
50,419
-2,803
-5% -$32K
JPS
89
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$525K 0.03%
+59,698
New +$528K
CHK
90
DELISTED
Chesapeake Energy Corporation
CHK
$482K 0.02%
536
-4,200
-89% -$3.83M
BCV
91
Bancroft Fund
BCV
$140M
$366K 0.02%
15,970
– –
LOR
92
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$304K 0.02%
29,148
– –
TWNKW
93
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$253K 0.01%
238,772
– –
SMPLW
94
DELISTED
The Simply Good Foods Company Warrant
SMPLW
$251K 0.01%
29,700
– –
NSL
95
DELISTED
NUVEEN SENIOR INCM FD
NSL
$225K 0.01%
+36,556
New +$225K
RDC
96
DELISTED
Rowan Companies Plc
RDC
$190K 0.01%
+10,095
New +$151K
CIK
97
Credit Suisse Asset Management Income Fund
CIK
$133M
$185K 0.01%
58,265
-118,877
-67% -$374K
AKP
98
DELISTED
Alliance Californa Muni Fd
AKP
$184K 0.01%
13,535
– –
USA icon
99
Liberty All-Star Equity Fund
USA
$1.85B
$176K 0.01%
25,821
– –
FAM
100
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$155K 0.01%
16,112
– –
1 2 3
4
5

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Boaz Weinstein's Q3 2018 Portfolio in Review

As of Q3 2018, Boaz Weinstein held 125 positions worth $1.94B, up 21% from $1.61B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Boaz Weinstein deployed $326M of net new capital in Q3 2018, opening 31 new positions and adding to 23 existing holdings. Its largest new stake was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.

By sector, the portfolio is most concentrated in Technology at 3.7% of assets, up from 2.7% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was Templeton Emerging Markets Income Fund, an estimated $25.7M trimmed.

  • Boaz Weinstein's largest Q3 2018 buy was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.
  • Boaz Weinstein added most to Nuveen Credit Strategies Income Fund in Q3 2018, an estimated $33.2M increase.
  • Boaz Weinstein's biggest Q3 2018 reduction was Templeton Emerging Markets Income Fund, cutting an estimated $25.7M.
  • Boaz Weinstein fully exited Saba Capital Income & Opportunities Fund II in Q3 2018, selling an estimated $5.77M.
  • Boaz Weinstein's ten largest holdings make up 45% of its $1.94B portfolio in Q3 2018.
  • Boaz Weinstein opened 31 new positions and closed 19 in Q3 2018.
  • Boaz Weinstein's portfolio value rose 21% quarter-over-quarter to $1.94B.

Based on Saba Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.