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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
-9.65%
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
$2.78B
AUM Growth
+$840M
Cap. Flow
+$1.04B
Cap. Flow %
37.39%
Top 10 Hldgs %
60.4%
Holding
190
New
84
Increased
43
Reduced
23
Closed
25

Top Buys

Rank Stock Value
1
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$39.4M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$31.8M
3
VVR icon
Invesco Senior Income Trust
VVR
+$27.7M
4
QCOM icon
Qualcomm
QCOM
+$27.2M
5
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$25M

Top Sells

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$94.3M
2
TEI
Templeton Emerging Markets Income Fund
TEI
+$36M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$33.4M
4
SDRL
Seadrill Limited Common Stock
SDRL
+$32.1M
5
DEX
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
+$13M

Sector Composition

Rank Sector Weight
1 Technology 2.75%
2 Healthcare 0.63%
3 Consumer Discretionary 0.46%
4 Financials 0.46%
5 Energy 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CEV
76
Eaton Vance California Municipal Income Trust
CEV
$75.2M
$3.73M 0.13%
336,997
+286,578
+568% +$3.14M
MNE
77
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
$3.5M 0.13%
281,844
+183,570
+187% +$2.25M
EFF
78
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$3.47M 0.12%
+243,854
New +$3.68M
BWG
79
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$3.36M 0.12%
323,962
– –
FCT
80
DELISTED
First Trust Senior Floating Rate Income Fund II
FCT
$3.33M 0.12%
+296,891
New +$3.55M
RRD
81
DELISTED
RR Donnelley & Sons Co.
RRD
$3.22M 0.12%
814,211
+157,345
+24% +$818K
NAZ icon
82
Nuveen Arizona Quality Municipal Income Fund
NAZ
$158M
$3.08M 0.11%
+259,350
New +$3.03M
MYJ
83
DELISTED
Blackrock Muni Yield New Jersey Fund, Inc.
MYJ
$3.06M 0.11%
+236,586
New +$3.06M
BSE
84
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$3.05M 0.11%
+252,628
New +$3.05M
TLI
85
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$3.01M 0.11%
334,911
+160,908
+92% +$1.52M
NPV icon
86
Nuveen Virginia Quality Municipal Income Fund
NPV
$206M
$2.78M 0.1%
+236,907
New +$2.76M
NGD
87
DELISTED
New Gold Inc
NGD
$2.67M 0.1%
3,523,784
-2,981,714
-46% -$2.41M
FAM
88
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$2.57M 0.09%
273,823
+257,711
+1,599% +$2.38M
BNY
89
DELISTED
BlackRock New York Municipal Income Trust
BNY
$2.54M 0.09%
+207,586
New +$2.49M
NFJ
90
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
$2.52M 0.09%
235,729
-110,282
-32% -$1.31M
PCG icon
91
PUT
PG&E
PCG
$38.8B
$2.4M 0.09%
+101,200
New +$3.62M
JRO
92
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$2.4M 0.09%
266,251
+191,200
+255% +$1.88M
BGH
93
Barings Global Short Duration High Yield Fund
BGH
$282M
$2.39M 0.09%
+149,931
New +$2.62M
AVP
94
DELISTED
Avon Products, Inc.
AVP
$2.37M 0.09%
1,558,022
+538,673
+53% +$1.03M
ORCL icon
95
PUT
Oracle
ORCL
$422B
$2.26M 0.08%
50,000
-500,000
-91% -$24M
MPA icon
96
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$143M
$2.03M 0.07%
+161,774
New +$2.04M
ARDC
97
Are Dynamic Credit Allocation Fund
ARDC
$294M
$2.03M 0.07%
+146,986
New +$2.18M
NBW
98
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$1.98M 0.07%
+163,084
New +$1.98M
XRX icon
99
PUT
Xerox
XRX
$381M
$1.93M 0.07%
97,700
-22,300
-19% -$572K
XRX icon
100
Xerox
XRX
$381M
$1.93M 0.07%
97,643
+41,707
+75% +$1.07M
2 3
4
5 6

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Boaz Weinstein's Q4 2018 Portfolio in Review

As of Q4 2018, Boaz Weinstein held 190 positions worth $2.78B, up 43% from $1.94B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Boaz Weinstein deployed $1.04B of net new capital in Q4 2018, opening 84 new positions and adding to 43 existing holdings. Its largest new stake was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.

By sector, the portfolio is most concentrated in Technology at 2.8% of assets, down from 3.7% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was iShares 7-10 Year Treasury Bond ETF, an estimated $94.3M trimmed.

  • Boaz Weinstein's largest Q4 2018 buy was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.
  • Boaz Weinstein added most to Nuveen Credit Strategies Income Fund in Q4 2018, an estimated $31.8M increase.
  • Boaz Weinstein's biggest Q4 2018 reduction was iShares 7-10 Year Treasury Bond ETF, cutting an estimated $94.3M.
  • Boaz Weinstein fully exited Templeton Emerging Markets Income Fund in Q4 2018, selling an estimated $36M.
  • Boaz Weinstein's ten largest holdings make up 60% of its $2.78B portfolio in Q4 2018.
  • Boaz Weinstein opened 84 new positions and closed 25 in Q4 2018.
  • Boaz Weinstein's portfolio value rose 43% quarter-over-quarter to $2.78B.

Based on Saba Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.