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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
-0.45%
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
$958M
AUM Growth
-$289M
Cap. Flow
-$277M
Cap. Flow %
-28.95%
Top 10 Hldgs %
40.35%
Holding
171
New
24
Increased
6
Reduced
93
Closed
39

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$48.1M
2
BND icon
Vanguard Total Bond Market
BND
+$12.9M
3
DHG
Deutsche High Incm Opportunities
DHG
+$4.41M
4
SJNK icon
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
+$3.95M
5
OIBR
OI S A SPONSORED ADR REPSTG PFD NEW (BRA)
OIBR
+$3.51M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$22.8M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$17.6M
3
FAX
abrdn Asia-Pacific Income Fund
FAX
+$12.7M
4
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$10.1M
5
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$9.55M

Sector Composition

Rank Sector Weight
1 Financials 6.66%
2 Industrials 1.66%
3 Energy 1.63%
4 Real Estate 1.14%
5 Materials 0.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TLI
126
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$180K 0.02%
16,127
– –
DEX
127
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$178K 0.02%
15,555
-14,814
-49% -$168K
BKT icon
128
BlackRock Income Trust
BKT
$338M
$146K 0.02%
7,564
-88,707
-92% -$1.71M
HCF
129
DELISTED
NEXPOINT CREDIT STRATEGIES FUND
HCF
$139K 0.01%
11,441
– –
CYHHZ
130
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$17K ﹤0.01%
795,108
– –
AA icon
131
CALL
Alcoa
AA
$13.7B
– –
-87,765
Closed -$3.33M
BPOP icon
132
Popular Inc
BPOP
$10.8B
– –
-73,789
Closed -$2.51M
BPOP icon
133
PUT
Popular Inc
BPOP
$10.8B
– –
-812,300
Closed -$27.7M
BRW
134
Saba Capital Income & Opportunities Fund
BRW
$327M
– –
-5,950
Closed -$63K
BSV icon
135
Vanguard Short-Term Bond ETF
BSV
$45.6B
– –
-3,114
Closed -$249K
DGX icon
136
Quest Diagnostics
DGX
$27B
– –
-95,250
Closed -$6.39M
FMC icon
137
FMC
FMC
$1.38B
– –
-30,623
Closed -$1.51M
GM icon
138
General Motors
GM
$77.2B
– –
-30,644
Closed -$1.07M
HII icon
139
Huntington Ingalls Industries
HII
$11.8B
– –
-26,064
Closed -$2.93M
IGLB icon
140
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.77B
– –
-44,553
Closed -$2.74M
MUR icon
141
Murphy Oil
MUR
$5.36B
– –
-49,220
Closed -$2.49M
MUR icon
142
PUT
Murphy Oil
MUR
$5.36B
– –
-300,000
Closed -$15.2M
NRG icon
143
PUT
NRG Energy
NRG
$23.8B
– –
-59,300
Closed -$1.6M
RTX icon
144
RTX Corp
RTX
$283B
– –
-15,725
Closed -$1.14M
SPSB icon
145
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.7B
– –
-42,969
Closed -$1.31M
SPY icon
146
State Street SPDR S&P 500 ETF Trust
SPY
$809B
– –
-20,000
Closed -$4.11M
SWK icon
147
Stanley Black & Decker
SWK
$15.1B
– –
-12,763
Closed -$1.23M
TECK icon
148
Teck Resources
TECK
$33.9B
– –
-128,556
Closed -$1.75M
TSE
149
DELISTED
Trinseo
TSE
– –
-262,569
Closed -$4.58M
USIG icon
150
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.4B
– –
-4,644
Closed -$260K
3 4 5
6
7

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Boaz Weinstein's Q1 2015 Portfolio in Review

As of Q1 2015, Boaz Weinstein held 171 positions worth $958M, down 23% from $1.25B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Boaz Weinstein withdrew a net $277M in Q1 2015, closing 39 positions and reducing 93 holdings. Its most notable exit was Quest Diagnostics, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, up from 6.3% a quarter earlier, followed by Industrials and Energy.

Against the trend, Boaz Weinstein opened a new position in iShares Core US Aggregate Bond ETF worth $48.2M.

  • Boaz Weinstein's largest Q1 2015 buy was iShares Core US Aggregate Bond ETF: 432,751 shares worth $48.2M.
  • Boaz Weinstein added most to Vanguard Total Bond Market in Q1 2015, an estimated $12.9M increase.
  • Boaz Weinstein's biggest Q1 2015 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $22.8M.
  • Boaz Weinstein fully exited Quest Diagnostics in Q1 2015, selling an estimated $6.39M.
  • Boaz Weinstein's ten largest holdings make up 40% of its $958M portfolio in Q1 2015.
  • Boaz Weinstein opened 24 new positions and closed 39 in Q1 2015.
  • Boaz Weinstein's portfolio value fell 23% quarter-over-quarter to $958M.

Based on Saba Capital Management's 13F filing for Q1 2015, filed 15 May 2015.