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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
+2.53%
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
$2.35B
AUM Growth
+$59.7M
Cap. Flow
+$58.6M
Cap. Flow %
2.5%
Top 10 Hldgs %
53.05%
Holding
127
New
13
Increased
50
Reduced
29
Closed
17

Top Buys

Rank Stock Value
1
FRA icon
BlackRock Floating Rate Income Strategies Fund
FRA
+$26.1M
2
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$20.1M
3
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$19.5M
4
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$15.1M
5
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$14.1M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$23.8M
2
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$8.62M
3
F icon
Ford
F
+$6.17M
4
DSU icon
BlackRock Debt Strategies Fund
DSU
+$6.15M
5
ISD
PGIM High Yield Bond Fund
ISD
+$5.5M

Sector Composition

Rank Sector Weight
1 Healthcare 0.68%
2 Industrials 0.26%
3 Financials 0.14%
4 Energy 0.13%
5 Real Estate 0.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RDC
126
DELISTED
Rowan Companies Plc
RDC
– –
-52,450
Closed -$566K
RDC
127
PUT
DELISTED
Rowan Companies Plc
RDC
– –
-510,000
Closed -$5.5M
2 3 4 5
6

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Boaz Weinstein's Q2 2019 Portfolio in Review

As of Q2 2019, Boaz Weinstein held 127 positions worth $2.35B, up 2.6% from $2.29B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Boaz Weinstein's Q2 2019 filing shows 13 new, 50 increased, 29 reduced and 17 closed positions. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 40,828 shares worth $3.56M. The largest sale was Qualcomm, an estimated $23.8M.

By sector, the portfolio is most concentrated in Healthcare at 0.68% of assets, down from 0.73% a quarter earlier, followed by Industrials and Financials.

  • Boaz Weinstein's largest Q2 2019 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 40,828 shares worth $3.56M.
  • Boaz Weinstein added most to BlackRock Floating Rate Income Strategies Fund in Q2 2019, an estimated $26.1M increase.
  • Boaz Weinstein's biggest Q2 2019 reduction was Eaton Vance Limited Duration Income Fund, cutting an estimated $8.62M.
  • Boaz Weinstein fully exited Qualcomm in Q2 2019, selling an estimated $23.8M.
  • Boaz Weinstein's ten largest holdings make up 53% of its $2.35B portfolio in Q2 2019.
  • Boaz Weinstein opened 13 new positions and closed 17 in Q2 2019.
  • Boaz Weinstein's portfolio value rose 2.6% quarter-over-quarter to $2.35B.

Based on Saba Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.