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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
-0.45%
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
$958M
AUM Growth
-$289M
Cap. Flow
-$277M
Cap. Flow %
-28.95%
Top 10 Hldgs %
40.35%
Holding
171
New
24
Increased
6
Reduced
93
Closed
39

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$48.1M
2
BND icon
Vanguard Total Bond Market
BND
+$12.9M
3
DHG
Deutsche High Incm Opportunities
DHG
+$4.41M
4
SJNK icon
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
+$3.95M
5
OIBR
OI S A SPONSORED ADR REPSTG PFD NEW (BRA)
OIBR
+$3.51M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$22.8M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$17.6M
3
FAX
abrdn Asia-Pacific Income Fund
FAX
+$12.7M
4
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$10.1M
5
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$9.55M

Sector Composition

Rank Sector Weight
1 Financials 6.66%
2 Industrials 1.66%
3 Energy 1.63%
4 Real Estate 1.14%
5 Materials 0.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VCSH icon
101
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
$687K 0.07%
+8,571
New +$686K
HYB
102
DELISTED
New America High Income Fund, Inc.
HYB
$636K 0.07%
70,278
-17,348
-20% -$157K
VCLT icon
103
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.74B
$525K 0.05%
+5,580
New +$525K
FMY
104
First Trust Mortgage Income Fund
FMY
$49.3M
$524K 0.05%
35,284
-23,397
-40% -$346K
MBI icon
105
MBIA
MBI
$250M
$446K 0.05%
48,000
-394,840
-89% -$3.52M
EVV
106
Eaton Vance Limited Duration Income Fund
EVV
$1.05B
$437K 0.05%
30,335
– –
JMM icon
107
Nuveen Multi-Market Income Fund
JMM
$54.6M
$405K 0.04%
53,651
-18,653
-26% -$143K
BSJG
108
DELISTED
Guggenheim BulletShares 2016 High Yield Corporate Bond ETF
BSJG
$389K 0.04%
14,750
– –
MSD
109
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$383K 0.04%
41,361
– –
BSCH
110
DELISTED
Guggenheim BulletShares 2017 Corporate Bond ETF
BSCH
$383K 0.04%
16,767
-16,651
-50% -$379K
KBH icon
111
KB Home
KBH
$3.39B
$346K 0.04%
22,123
-59,834
-73% -$835K
GLO
112
Clough Global Opportunities Fund
GLO
$248M
$338K 0.04%
27,143
– –
VCIT icon
113
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.5B
$321K 0.03%
+3,665
New +$320K
SCD
114
LMP Capital and Income Fund
SCD
$358M
$313K 0.03%
18,712
-614
-3% -$10.4K
JQC icon
115
Nuveen Credit Strategies Income Fund
JQC
$702M
$307K 0.03%
33,974
-350,573
-91% -$3.13M
AFT
116
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$303K 0.03%
16,962
-6,862
-29% -$117K
PAI
117
Western Asset Investment Grade Income Fund
PAI
$114M
$289K 0.03%
20,898
-38,319
-65% -$523K
VGI
118
Virtus Global Multi-Sector Income Fund
VGI
$82.5M
$266K 0.03%
15,932
-35,952
-69% -$577K
IGIB icon
119
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.6B
$248K 0.03%
4,478
-10,854
-71% -$598K
JHS
120
John Hancock Income Securities Trust
JHS
$127M
$217K 0.02%
15,184
-10,769
-41% -$154K
BSCF
121
DELISTED
CLAYMORE GUGGENHEIM BULLETSHARES 2015 CORP BD ETF
BSCF
$213K 0.02%
+9,843
New +$213K
VVR icon
122
Invesco Senior Income Trust
VVR
$454M
$210K 0.02%
44,392
-33,978
-43% -$157K
ICB
123
DELISTED
Morgan Stanley Income Sec. Inc
ICB
$207K 0.02%
11,500
-13,344
-54% -$240K
JDD
124
DELISTED
Nuveen Diversified Dividend and Income Fund
JDD
$192K 0.02%
15,767
-25,951
-62% -$315K
FCX icon
125
Freeport-McMoran
FCX
$110B
$190K 0.02%
+10,000
New +$198K
3 4
5
6 7

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LNC
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Boaz Weinstein's Q1 2015 Portfolio in Review

As of Q1 2015, Boaz Weinstein held 171 positions worth $958M, down 23% from $1.25B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Boaz Weinstein withdrew a net $277M in Q1 2015, closing 39 positions and reducing 93 holdings. Its most notable exit was Quest Diagnostics, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, up from 6.3% a quarter earlier, followed by Industrials and Energy.

Against the trend, Boaz Weinstein opened a new position in iShares Core US Aggregate Bond ETF worth $48.2M.

  • Boaz Weinstein's largest Q1 2015 buy was iShares Core US Aggregate Bond ETF: 432,751 shares worth $48.2M.
  • Boaz Weinstein added most to Vanguard Total Bond Market in Q1 2015, an estimated $12.9M increase.
  • Boaz Weinstein's biggest Q1 2015 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $22.8M.
  • Boaz Weinstein fully exited Quest Diagnostics in Q1 2015, selling an estimated $6.39M.
  • Boaz Weinstein's ten largest holdings make up 40% of its $958M portfolio in Q1 2015.
  • Boaz Weinstein opened 24 new positions and closed 39 in Q1 2015.
  • Boaz Weinstein's portfolio value fell 23% quarter-over-quarter to $958M.

Based on Saba Capital Management's 13F filing for Q1 2015, filed 15 May 2015.