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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
+8.68%
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
$2.44B
AUM Growth
+$34.5M
Cap. Flow
-$262M
Cap. Flow %
-10.73%
Top 10 Hldgs %
53.19%
Holding
216
New
66
Increased
46
Reduced
45
Closed
49

Top Buys

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$45.4M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$32.3M
3
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$29.9M
4
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$18.1M
5
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$13.9M

Top Sells

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$86.3M
2
PHD
Pioneer Floating Rate Fund
PHD
+$55.7M
3
NHS
Neuberger High Yield Strategies Fund Inc
NHS
+$54.1M
4
HIO
Western Asset High Income Opportunity Fund
HIO
+$53.2M
5
HIX
Western Asset High Income Fund II
HIX
+$46M

Sector Composition

Rank Sector Weight
1 Financials 1.75%
2 Industrials 0.96%
3 Healthcare 0.46%
4 Consumer Discretionary 0.37%
5 Energy 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FST
76
DELISTED
FAST Acquisition Corp.
FST
$2.66M 0.11%
+259,799
New +$2.55M
ATA.U
77
DELISTED
Americas Technology Acquisition Corp. Units, each consisting of one Ordinary Share and one half of Redeemable Warrant
ATA.U
$2.57M 0.11%
+250,000
New +$2.55M
VPV icon
78
Invesco Pennsylvania Value Municipal Income Trust
VPV
$199M
$2.56M 0.1%
+200,447
New +$2.46M
DUNEU
79
DELISTED
Dune Acquisition Corporation Unit
DUNEU
$2.55M 0.1%
+250,000
New +$2.55M
DSU icon
80
BlackRock Debt Strategies Fund
DSU
$592M
$2.49M 0.1%
238,428
+156,232
+190% +$1.57M
LATN
81
DELISTED
Union Acquisition Corp. II Ordinary Shares
LATN
$2.29M 0.09%
220,190
+125,081
+132% +$1.26M
SCPE
82
DELISTED
SC Health Corporation
SCPE
$2.24M 0.09%
218,713
-118,581
-35% -$1.2M
PBI icon
83
Pitney Bowes
PBI
$2.26B
$2.12M 0.09%
+343,953
New +$2.07M
ACKIU
84
DELISTED
Ackrell SPAC Partners I Co Units
ACKIU
$2.06M 0.08%
+200,000
New +$2.04M
DWIN.U
85
DELISTED
Delwinds Insurance Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant
DWIN.U
$2.04M 0.08%
+200,000
New +$2.03M
MSPR
86
DELISTED
MSP Recovery Inc
MSPR
$2.02M 0.08%
+46
New +$1.98M
ASAQ
87
DELISTED
Atlantic Avenue Acquisition Corp
ASAQ
$2.02M 0.08%
+200,000
New +$1.95M
ENX
88
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$1.94M 0.08%
+158,124
New +$1.89M
DHF
89
BNY Mellon High Yield Strategies Fund
DHF
$171M
$1.86M 0.08%
618,841
-736,036
-54% -$2.1M
CFIVU
90
DELISTED
CF Acquisition Corp. IV Unit
CFIVU
$1.85M 0.08%
+180,106
New +$1.86M
XOS icon
91
Xos
XOS
$49.8M
$1.85M 0.08%
+6,112
New +$1.84M
KINZU
92
DELISTED
KINS Technology Group Inc. Unit
KINZU
$1.8M 0.07%
+175,000
New +$1.8M
NCV
93
Virtus Convertible & Income Fund
NCV
$377M
$1.78M 0.07%
+77,492
New +$1.59M
BZH icon
94
Beazer Homes USA
BZH
$884M
$1.69M 0.07%
111,732
-9,000
-7% -$129K
JTD
95
DELISTED
NUVEEN TAX-ADVANTAGE DIVIDEND GROWTH FUND
JTD
$1.63M 0.07%
114,867
+88,060
+328% +$1.17M
VLT icon
96
Invesco High Income Trust II
VLT
$64.2M
$1.54M 0.06%
113,363
+83,621
+281% +$1.08M
NBO
97
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$1.49M 0.06%
121,180
– –
ASTR
98
DELISTED
Astra Space, Inc. Class A Common Stock
ASTR
$1.46M 0.06%
+9,638
New +$1.44M
SCOAU
99
DELISTED
ScION Tech Growth I Unit
SCOAU
$1.43M 0.06%
+138,600
New +$1.43M
CYH icon
100
Community Health Systems
CYH
$424M
$1.42M 0.06%
191,563
-961,121
-83% -$6.8M
2 3
4
5 6

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Boaz Weinstein's Q4 2020 Portfolio in Review

As of Q4 2020, Boaz Weinstein held 216 positions worth $2.44B, up 1.4% from $2.41B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Boaz Weinstein withdrew a net $262M in Q4 2020, closing 49 positions and reducing 45 holdings. Its most notable exit was Western Asset Global High Income Fund, an estimated $86.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 1.7% of assets, up from 0.51% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Boaz Weinstein opened a new position in Calamos Long/Short Equity & Dynamic Income Trust worth $19.5M.

  • Boaz Weinstein's largest Q4 2020 buy was Calamos Long/Short Equity & Dynamic Income Trust: 1,117,022 shares worth $19.5M.
  • Boaz Weinstein added most to Saba Capital Income & Opportunities Fund II in Q4 2020, an estimated $45.4M increase.
  • Boaz Weinstein's biggest Q4 2020 reduction was Pioneer Floating Rate Fund, cutting an estimated $55.7M.
  • Boaz Weinstein fully exited Western Asset Global High Income Fund in Q4 2020, selling an estimated $86.3M.
  • Boaz Weinstein's ten largest holdings make up 53% of its $2.44B portfolio in Q4 2020.
  • Boaz Weinstein opened 66 new positions and closed 49 in Q4 2020.
  • Boaz Weinstein's portfolio value rose 1.4% quarter-over-quarter to $2.44B.

Based on Saba Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.