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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
-9.65%
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
$2.78B
AUM Growth
+$840M
Cap. Flow
+$1.04B
Cap. Flow %
37.39%
Top 10 Hldgs %
60.4%
Holding
190
New
84
Increased
43
Reduced
23
Closed
25

Top Buys

Rank Stock Value
1
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$39.4M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$31.8M
3
VVR icon
Invesco Senior Income Trust
VVR
+$27.7M
4
QCOM icon
Qualcomm
QCOM
+$27.2M
5
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$25M

Top Sells

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$94.3M
2
TEI
Templeton Emerging Markets Income Fund
TEI
+$36M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$33.4M
4
SDRL
Seadrill Limited Common Stock
SDRL
+$32.1M
5
DEX
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
+$13M

Sector Composition

Rank Sector Weight
1 Technology 2.75%
2 Healthcare 0.63%
3 Consumer Discretionary 0.46%
4 Financials 0.46%
5 Energy 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAN icon
101
Nuveen New York Quality Municipal Income Fund
NAN
$363M
$1.9M 0.07%
+155,342
New +$1.9M
BFY
102
DELISTED
BlackRock New York Municipal Income Trust II
BFY
$1.8M 0.06%
145,188
+33,154
+30% +$411K
EVY
103
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
$1.72M 0.06%
+149,966
New +$1.71M
BIT icon
104
BlackRock Multi-Sector Income Trust
BIT
$681M
$1.71M 0.06%
+111,079
New +$1.8M
BQH
105
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$1.69M 0.06%
132,347
+68,622
+108% +$868K
MSD
106
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$1.66M 0.06%
201,982
-508,822
-72% -$4.28M
NBO
107
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$1.66M 0.06%
149,253
+86,285
+137% +$965K
EFT
108
Eaton Vance Floating-Rate Income Trust
EFT
$285M
$1.64M 0.06%
+129,840
New +$1.77M
MUI
109
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$1.58M 0.06%
+125,225
New +$1.58M
NTX
110
DELISTED
Nuveen Texas Quality Municipal Income Fund
NTX
$1.56M 0.06%
+126,306
New +$1.56M
BLW icon
111
BlackRock Limited Duration Income Trust
BLW
$495M
$1.55M 0.06%
+116,319
New +$1.65M
PHD
112
DELISTED
Pioneer Floating Rate Fund
PHD
$1.5M 0.05%
+151,952
New +$1.59M
FTACU
113
DELISTED
FinTech Acquisition Corp. III Unit
FTACU
$1.4M 0.05%
+140,000
New +$1.4M
ORCL icon
114
Oracle
ORCL
$422B
$1.39M 0.05%
30,764
-122,696
-80% -$5.88M
JFR icon
115
Nuveen Floating Rate Income Fund
JFR
$1.21B
$1.33M 0.05%
+143,887
New +$1.41M
DNI
116
DELISTED
Dividend and Income Fund
DNI
$1.28M 0.05%
134,376
– –
KIO
117
KKR Income Opportunities Fund
KIO
$449M
$1.27M 0.05%
+88,841
New +$1.37M
PHT
118
DELISTED
Pioneer High Income Fund
PHT
$1.23M 0.04%
154,411
+144,411
+1,444% +$1.24M
CHN
119
DELISTED
China Fund
CHN
$1.21M 0.04%
71,580
-24,914
-26% -$442K
AIF
120
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$1.16M 0.04%
+84,173
New +$1.24M
TSLF
121
DELISTED
THL CREDIT SENIOR LOAN FUND
TSLF
$1.09M 0.04%
+73,506
New +$1.17M
ERC
122
Allspring Multi-Sector Income Fund
ERC
$261M
$1.03M 0.04%
+92,684
New +$1.07M
ENX
123
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$945K 0.03%
+85,895
New +$944K
FRA icon
124
BlackRock Floating Rate Income Strategies Fund
FRA
$382M
$944K 0.03%
+79,359
New +$1.02M
DTF
125
DTF Tax-Free Income 2028 Term Fund
DTF
$81M
$901K 0.03%
+72,790
New +$912K
3 4
5
6 7

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Boaz Weinstein's Q4 2018 Portfolio in Review

As of Q4 2018, Boaz Weinstein held 190 positions worth $2.78B, up 43% from $1.94B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Boaz Weinstein deployed $1.04B of net new capital in Q4 2018, opening 84 new positions and adding to 43 existing holdings. Its largest new stake was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.

By sector, the portfolio is most concentrated in Technology at 2.8% of assets, down from 3.7% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was iShares 7-10 Year Treasury Bond ETF, an estimated $94.3M trimmed.

  • Boaz Weinstein's largest Q4 2018 buy was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.
  • Boaz Weinstein added most to Nuveen Credit Strategies Income Fund in Q4 2018, an estimated $31.8M increase.
  • Boaz Weinstein's biggest Q4 2018 reduction was iShares 7-10 Year Treasury Bond ETF, cutting an estimated $94.3M.
  • Boaz Weinstein fully exited Templeton Emerging Markets Income Fund in Q4 2018, selling an estimated $36M.
  • Boaz Weinstein's ten largest holdings make up 60% of its $2.78B portfolio in Q4 2018.
  • Boaz Weinstein opened 84 new positions and closed 25 in Q4 2018.
  • Boaz Weinstein's portfolio value rose 43% quarter-over-quarter to $2.78B.

Based on Saba Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.