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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
+8.05%
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
$4.97B
AUM Growth
+$805M
Cap. Flow
+$407M
Cap. Flow %
8.19%
Top 10 Hldgs %
36.32%
Holding
612
New
38
Increased
118
Reduced
49
Closed
118

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$144M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$133M
3
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$118M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$50M
5
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$48.9M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$89M
2
KMF
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
+$32.7M
3
FSCO
FS Credit Opportunities Corp
FSCO
+$22.5M
4
CEN
Center Coast Brookfield MLP & Energy Infrastructure Fund
CEN
+$15.1M
5
F icon
Ford
F
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 3.71%
2 Consumer Discretionary 0.93%
3 Industrials 0.4%
4 Technology 0.39%
5 Communication Services 0.18%
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
$12.2M 0.25%
1,106,266
+386,865
+54% +$3.88M
TYG
102
Tortoise Energy Infrastructure Corp
TYG
$1.14B
$11.9M 0.24%
414,880
-49,742
-11% -$1.41M
WYNN icon
103
Wynn Resorts
WYNN
$10.3B
$11.8M 0.24%
129,981
+17,955
+16% +$1.59M
IDE
104
Voya Infrastructure, Industrials and Materials Fund
IDE
$201M
$11.8M 0.24%
1,159,110
+27,415
+2% +$259K
TBLD
105
Thornburg Income Builder Opportunities Trust
TBLD
$714M
$11.7M 0.24%
754,071
+87,517
+13% +$1.3M
MIY icon
106
BlackRock MuniYield Michigan Quality Fund
MIY
$361M
$11M 0.22%
964,471
+300,451
+45% +$3.15M
CPZ
107
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$261M
$10.9M 0.22%
757,087
+356,268
+89% +$5.11M
TEAF
108
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$10.2M 0.21%
871,390
– –
CEV
109
Eaton Vance California Municipal Income Trust
CEV
$75.2M
$9.95M 0.2%
962,212
+317,696
+49% +$3.05M
BGY icon
110
BlackRock Enhanced International Dividend Trust
BGY
$530M
$9.66M 0.19%
1,832,122
+238,090
+15% +$1.2M
GT icon
111
PUT
Goodyear
GT
$1.72B
$9.24M 0.19%
645,300
-1,229,700
-66% -$16.3M
THQ
112
abrdn Healthcare Opportunities Fund
THQ
$825M
$8.94M 0.18%
+493,572
New +$8.35M
ALSA
113
DELISTED
Alpha Star Acquisition Corp
ALSA
$8.63M 0.17%
769,511
– –
STHO icon
114
Star Holdings Shares of Beneficial Interest
STHO
$118M
$8.53M 0.17%
569,448
+10,127
+2% +$126K
VNET
115
PUT
VNET Group
VNET
$1.91B
$8.47M 0.17%
+2,950,200
New +$8.88M
SBI
116
Western Asset Intermediate Muni Fund
SBI
$107M
$8.29M 0.17%
1,076,406
+25,505
+2% +$188K
GNT
117
GAMCO Natural Resources, Gold & Income Trust
GNT
$154M
$8.07M 0.16%
1,569,684
+359,502
+30% +$1.76M
DHF
118
BNY Mellon High Yield Strategies Fund
DHF
$171M
$8.01M 0.16%
3,497,201
+470,006
+16% +$1.03M
BBY icon
119
Best Buy
BBY
$18.1B
$7.93M 0.16%
101,241
-51,001
-33% -$3.59M
MFM
120
Aberdeen Municipal Income Fund
MFM
$220M
$7.85M 0.16%
1,518,156
+107,427
+8% +$518K
KYN icon
121
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
$7.78M 0.16%
885,617
+535,028
+153% +$4.47M
IGA
122
Voya Global Advantage and Premium Opportunity Fund
IGA
$161M
$7.64M 0.15%
896,128
+133,444
+17% +$1.1M
CXE
123
DELISTED
MFS High Income Municipal Trust
CXE
$7.46M 0.15%
2,101,951
+282,764
+16% +$928K
MHD icon
124
BlackRock MuniHoldings Fund
MHD
$594M
$7.38M 0.15%
619,516
+194,030
+46% +$2.13M
MNTN
125
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$7.31M 0.15%
668,580
– –
3 4
5
6 7

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Boaz Weinstein's Q4 2023 Portfolio in Review

As of Q4 2023, Boaz Weinstein held 612 positions worth $4.97B, up 19% from $4.17B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Boaz Weinstein deployed $407M of net new capital in Q4 2023, opening 38 new positions and adding to 118 existing holdings. Its largest new stake was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.

By sector, the portfolio is most concentrated in Financials at 3.7% of assets, down from 5.9% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund II, an estimated $89M trimmed.

  • Boaz Weinstein's largest Q4 2023 buy was Gabelli Dividend & Income Trust: 972,846 shares worth $21.1M.
  • Boaz Weinstein added most to BlackRock Technology and Private Equity Term Trust in Q4 2023, an estimated $144M increase.
  • Boaz Weinstein's biggest Q4 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $89M.
  • Boaz Weinstein fully exited Kayne Anderson NextGen Energy & Infrastructure, Inc. in Q4 2023, selling an estimated $32.7M.
  • Boaz Weinstein's ten largest holdings make up 36% of its $4.97B portfolio in Q4 2023.
  • Boaz Weinstein opened 38 new positions and closed 118 in Q4 2023.
  • Boaz Weinstein's portfolio value rose 19% quarter-over-quarter to $4.97B.

Based on Saba Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.