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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
-3.07%
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
$1.94B
AUM Growth
+$339M
Cap. Flow
+$326M
Cap. Flow %
16.75%
Top 10 Hldgs %
45.45%
Holding
125
New
31
Increased
23
Reduced
34
Closed
19

Top Buys

Rank Stock Value
1
SDRL
Seadrill Limited Common Stock
SDRL
+$49.5M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$33.2M
3
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$29.2M
4
VVR icon
Invesco Senior Income Trust
VVR
+$23.4M
5
BRW
Saba Capital Income & Opportunities Fund
BRW
+$23.1M

Top Sells

Rank Stock Value
1
TEI
Templeton Emerging Markets Income Fund
TEI
+$25.7M
2
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$18.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$15.3M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.9M
5
AAPL icon
Apple
AAPL
+$10.4M

Sector Composition

Rank Sector Weight
1 Technology 3.69%
2 Energy 3.18%
3 Healthcare 1.47%
4 Financials 0.8%
5 Communication Services 0.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNSL
101
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
$152K 0.01%
11,670
– –
LINDW
102
DELISTED
Lindblad Expeditions Holdings Inc. Warrant
LINDW
$151K 0.01%
36,822
+13,524
+58% +$47.5K
PHT
103
DELISTED
Pioneer High Income Fund
PHT
$93K ﹤0.01%
10,000
– –
FT
104
Franklin Universal Trust
FT
$197M
$67K ﹤0.01%
10,058
-87
-0.9% -$587
DSKEW
105
DELISTED
Daseke, Inc. Warrant
DSKEW
$54K ﹤0.01%
67,703
-130,391
-66% -$126K
CYHHZ
106
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$12K ﹤0.01%
1,981,077
– –
ASHR icon
107
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
– –
-8,900
Closed -$236K
AVK
108
Advent Convertible and Income Fund
AVK
$559M
– –
-25,779
Closed -$384K
ECF
109
Ellsworth Growth & Income Fund
ECF
$171M
– –
-44,542
Closed -$420K
EDD
110
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
– –
-32,545
Closed -$218K
EMD
111
Western Asset Emerging Markets Debt Fund
EMD
$616M
– –
-124,139
Closed -$1.65M
HYG icon
112
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
– –
-1,000,000
Closed -$85.1M
IGR
113
CBRE Global Real Estate Income Fund
IGR
$698M
– –
-632,953
Closed -$4.77M
MBI icon
114
PUT
MBIA
MBI
$250M
– –
-2,088,100
Closed -$18.9M
MCR
115
DELISTED
MFS Charter Income Trust
MCR
– –
-13,240
Closed -$105K
PBI icon
116
PUT
Pitney Bowes
PBI
$2.26B
– –
-1,304,500
Closed -$11.2M
SABA
117
Saba Capital Income & Opportunities Fund II
SABA
$219M
– –
-469,983
Closed -$5.77M
SM icon
118
SM Energy
SM
$8.85B
– –
-111,891
Closed -$2.87M
SWN
119
DELISTED
Southwestern Energy Company
SWN
– –
-437,994
Closed -$2.32M
STON
120
DELISTED
StoneMor Inc.
STON
– –
-64,000
Closed -$386K
SVU
121
DELISTED
SUPERVALU Inc.
SVU
– –
-123,686
Closed -$2.54M
LCM
122
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
– –
-17,281
Closed -$134K
AGC
123
DELISTED
Advent Claymore Conv Sec & Incme
AGC
– –
-94,624
Closed -$529K
WSCWW
124
DELISTED
WillScot Corporation Warrant
WSCWW
– –
-133,100
Closed -$301K
ESV
125
DELISTED
Ensco Rowan plc
ESV
– –
-23,194
Closed -$674K
1 2 3 4
5

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Boaz Weinstein's Q3 2018 Portfolio in Review

As of Q3 2018, Boaz Weinstein held 125 positions worth $1.94B, up 21% from $1.61B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Boaz Weinstein deployed $326M of net new capital in Q3 2018, opening 31 new positions and adding to 23 existing holdings. Its largest new stake was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.

By sector, the portfolio is most concentrated in Technology at 3.7% of assets, up from 2.7% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was Templeton Emerging Markets Income Fund, an estimated $25.7M trimmed.

  • Boaz Weinstein's largest Q3 2018 buy was Seadrill Limited Common Stock: 2,436,646 shares worth $60.4M.
  • Boaz Weinstein added most to Nuveen Credit Strategies Income Fund in Q3 2018, an estimated $33.2M increase.
  • Boaz Weinstein's biggest Q3 2018 reduction was Templeton Emerging Markets Income Fund, cutting an estimated $25.7M.
  • Boaz Weinstein fully exited Saba Capital Income & Opportunities Fund II in Q3 2018, selling an estimated $5.77M.
  • Boaz Weinstein's ten largest holdings make up 45% of its $1.94B portfolio in Q3 2018.
  • Boaz Weinstein opened 31 new positions and closed 19 in Q3 2018.
  • Boaz Weinstein's portfolio value rose 21% quarter-over-quarter to $1.94B.

Based on Saba Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.