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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
EAD
101
Allspring Income Opportunities Fund
EAD
$375M
– –
-35,071
Closed -$295K
FAX
102
abrdn Asia-Pacific Income Fund
FAX
$610M
– –
-12,987
Closed -$389K
HIO
103
Western Asset High Income Opportunity Fund
HIO
$335M
– –
-40,600
Closed -$205K
MMT
104
Aberdeen Multi-Market Income Fund
MMT
$243M
– –
-516,508
Closed -$3.16M
MTG icon
105
MGIC Investment
MTG
$6.34B
– –
-278,587
Closed -$2.82M
ODP
106
DELISTED
ODP
ODP
– –
-26,150
Closed -$1.22M
SWZ
107
Swiss Helvetia Fund
SWZ
$76.9M
– –
-10,000
Closed -$116K
THS
108
DELISTED
Treehouse Foods
THS
– –
-4,529
Closed -$383K
RAD
109
DELISTED
Rite Aid Corporation
RAD
– –
-23,585
Closed -$2M
AGN
110
DELISTED
Allergan plc
AGN
– –
-20,203
Closed -$4.83M
MSP
111
DELISTED
Madison Strategic Sector
MSP
– –
-18,887
Closed -$230K
ILG
112
DELISTED
ILG, Inc Common Stock
ILG
– –
-37,208
Closed -$780K
NMBL
113
CALL
DELISTED
Nimble Storage, Inc.
NMBL
– –
-617,100
Closed -$7.71M
DCA
114
DELISTED
Virtus Total Return Fund
DCA
– –
-54,836
Closed -$240K
1 2 3 4
5

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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.