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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
-1.74%
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
$1.28B
AUM Growth
+$291M
Cap. Flow
+$852M
Cap. Flow %
66.68%
Top 10 Hldgs %
45.99%
Holding
153
New
47
Increased
32
Reduced
34
Closed
17

Top Buys

Rank Stock Value
1
TEI
Templeton Emerging Markets Income Fund
TEI
+$29.8M
2
ORCL icon
Oracle
ORCL
+$16.2M
3
CYH icon
Community Health Systems
CYH
+$16.2M
4
HIO
Western Asset High Income Opportunity Fund
HIO
+$14.4M
5
EAD
Allspring Income Opportunities Fund
EAD
+$11.5M

Top Sells

Rank Stock Value
1
GLO
Clough Global Opportunities Fund
GLO
+$74.9M
2
GLQ
Clough Global Equity Fund
GLQ
+$30.8M
3
GLV
Clough Global Dividend & Income Fund
GLV
+$21.3M
4
BHC icon
Bausch Health
BHC
+$19.7M
5
AAPL icon
Apple
AAPL
+$17.9M

Sector Composition

Rank Sector Weight
1 Technology 4.39%
2 Healthcare 4.07%
3 Financials 1.37%
4 Consumer Staples 1.34%
5 Energy 1.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOGL icon
101
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
$694K 0.05%
+1,300,000
New +$67.1M
FTR
102
DELISTED
Frontier Communications Corp.
FTR
$670K 0.05%
99,098
-50,514
-34% -$471K
VVR icon
103
Invesco Senior Income Trust
VVR
$454M
$624K 0.05%
+142,151
New +$626K
M icon
104
PUT
Macy's
M
$6B
$590K 0.05%
+2,549,800
New +$55.9M
TWNKW
105
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$556K 0.04%
238,772
-400,800
-63% -$736K
RMT
106
Royce Micro-Cap Trust
RMT
$768M
$546K 0.04%
57,852
+22,270
+63% +$208K
PBI icon
107
Pitney Bowes
PBI
$2.26B
$544K 0.04%
+48,649
New +$573K
LGI
108
Lazard Global Total Return & Income Fund
LGI
$241M
$537K 0.04%
29,813
– –
ARDC
109
Are Dynamic Credit Allocation Fund
ARDC
$294M
$449K 0.04%
27,335
+11,328
+71% +$186K
IEF icon
110
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
$416K 0.03%
+1,800,000
New +$191M
IEF icon
111
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
$416K 0.03%
+1,800,000
New +$191M
NIE
112
Virtus Equity & Convertible Income Fund
NIE
$725M
$403K 0.03%
19,094
-15,650
-45% -$327K
BCV
113
Bancroft Fund
BCV
$140M
$348K 0.03%
15,970
– –
HNW
114
DELISTED
Pioneer Diversified High Income Fund
HNW
$284K 0.02%
+18,012
New +$287K
ASHR icon
115
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
$276K 0.02%
8,900
– –
XRX icon
116
PUT
Xerox
XRX
$381M
$268K 0.02%
+9,200
New +$279K
IGA
117
Voya Global Advantage and Premium Opportunity Fund
IGA
$161M
$236K 0.02%
20,629
-115,915
-85% -$1.32M
INTC icon
118
PUT
Intel
INTC
$476B
$233K 0.02%
+1,009,100
New +$44M
RDN icon
119
Radian Group
RDN
$4.84B
$206K 0.02%
10,000
– –
PCF
120
High Income Securities Fund
PCF
$100M
$197K 0.02%
21,834
-8,339
-28% -$75.1K
FAM
121
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$188K 0.01%
16,112
– –
AWF
122
AllianceBernstein Global High Income Fund
AWF
$874M
$156K 0.01%
12,210
– –
INB
123
DELISTED
Cohen & Steers Global Income Builder, Inc.
INB
$155K 0.01%
15,725
– –
HYB
124
DELISTED
New America High Income Fund, Inc.
HYB
$149K 0.01%
15,888
+838
+6% +$8.15K
JMM icon
125
Nuveen Multi-Market Income Fund
JMM
$54.6M
$132K 0.01%
17,285
– –
2 3 4
5
6

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Boaz Weinstein's Q4 2017 Portfolio in Review

As of Q4 2017, Boaz Weinstein held 153 positions worth $1.28B, up 30% from $987M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Boaz Weinstein deployed $852M of net new capital in Q4 2017, opening 47 new positions and adding to 32 existing holdings. Its largest new stake was Oracle: 331,053 shares worth $15.7M.

By sector, the portfolio is most concentrated in Technology at 4.4% of assets, up from 1.9% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Clough Global Opportunities Fund, an estimated $74.9M trimmed.

  • Boaz Weinstein's largest Q4 2017 buy was Oracle: 331,053 shares worth $15.7M.
  • Boaz Weinstein added most to Templeton Emerging Markets Income Fund in Q4 2017, an estimated $29.8M increase.
  • Boaz Weinstein's biggest Q4 2017 reduction was Clough Global Opportunities Fund, cutting an estimated $74.9M.
  • Boaz Weinstein fully exited Apple in Q4 2017, selling an estimated $17.9M.
  • Boaz Weinstein's ten largest holdings make up 46% of its $1.28B portfolio in Q4 2017.
  • Boaz Weinstein opened 47 new positions and closed 17 in Q4 2017.
  • Boaz Weinstein's portfolio value rose 30% quarter-over-quarter to $1.28B.

Based on Saba Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.