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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
SMPLW
126
DELISTED
The Simply Good Foods Company Warrant
SMPLW
$116K 0.01%
+29,700
New +$81.1K
PHT
127
DELISTED
Pioneer High Income Fund
PHT
$97K 0.01%
+10,000
New +$98.6K
IBM icon
128
PUT
IBM
IBM
$222B
$89K 0.01%
+403,233
New +$58.6M
FT
129
Franklin Universal Trust
FT
$197M
$73K 0.01%
10,145
– –
HOV icon
130
CALL
Hovnanian Enterprises
HOV
$770M
$55K ﹤0.01%
+9,536
New +$590K
JCP
131
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
$36K ﹤0.01%
154,100
– –
CYHHZ
132
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$6K ﹤0.01%
795,108
– –
AAPL icon
133
Apple
AAPL
$4.51T
– –
-464,124
Closed -$17.9M
AEF
134
abrdn Emerging Markets Equity Income Fund
AEF
$381M
– –
-75,240
Closed -$631K
BIT icon
135
BlackRock Multi-Sector Income Trust
BIT
$681M
– –
-54,819
Closed -$1.02M
CNX icon
136
CNX Resources
CNX
$5.38B
– –
-322,684
Closed -$4.55M
EEA
137
European Equity Fund
EEA
$76.6M
– –
-45,222
Closed -$438K
GDV icon
138
Gabelli Dividend & Income Trust
GDV
$2.66B
– –
-11,779
Closed -$264K
MBI icon
139
MBIA
MBI
$250M
– –
-431,320
Closed -$3.35M
RA
140
Brookfield Real Assets Income Fund
RA
$693M
– –
-14,899
Closed -$354K
RVT icon
141
Royce Value Trust
RVT
$2.32B
– –
-24,103
Closed -$381K
SCD
142
LMP Capital and Income Fund
SCD
$358M
– –
-11,589
Closed -$169K
FSD
143
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
– –
-36,104
Closed -$614K
CCLP
144
DELISTED
CSI Compressco LP
CCLP
– –
-75,497
Closed -$393K
SDRL
145
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
– –
-8,703
Closed -$815K
ZF
146
DELISTED
Virtus Total Return Fund Inc.
ZF
– –
-31,366
Closed -$409K
PES
147
DELISTED
Pioneer Energy Services Corp.
PES
– –
-194,332
Closed -$496K
APC
148
DELISTED
Anadarko Petroleum
APC
– –
-4,347
Closed -$214K
VXX
149
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
– –
-1,000,000
Closed -$39.2M
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.