Boaz Weinstein Saba Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
|
+$39.4M |
| 2 |
Nuveen Credit Strategies Income Fund
JQC
|
+$31.8M |
| 3 |
Invesco Senior Income Trust
VVR
|
+$27.7M |
| 4 |
Qualcomm
QCOM
|
+$27.2M |
| 5 |
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
|
+$25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
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% |
Similar funds
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.