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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
+12.46%
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
$2.29B
AUM Growth
+$386M
Cap. Flow
+$130M
Cap. Flow %
5.69%
Top 10 Hldgs %
48.23%
Holding
161
New
14
Increased
39
Reduced
52
Closed
45

Top Buys

Rank Stock Value
1
PHD
Pioneer Floating Rate Fund
PHD
+$27.9M
2
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$22.8M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$20M
4
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$18.8M
5
EVF
Eaton Vance Senior Income Trust
EVF
+$17.1M

Top Sells

Rank Stock Value
1
HYD icon
VanEck High Yield Muni ETF
HYD
+$21.6M
2
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$10.3M
3
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$9.93M
4
EAD
Allspring Income Opportunities Fund
EAD
+$9.77M
5
BLW icon
BlackRock Limited Duration Income Trust
BLW
+$9.45M

Sector Composition

Rank Sector Weight
1 Industrials 0.46%
2 Energy 0.28%
3 Healthcare 0.23%
4 Materials 0.19%
5 Consumer Discretionary 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CAR icon
126
Avis
CAR
$5.18B
– –
-83,106
Closed -$1.16M
CHTR icon
127
Charter Communications
CHTR
$17.9B
– –
-15,786
Closed -$8.01M
DHY
128
Credit Suisse High Yield Credit Fund
DHY
$238M
– –
-1,998,202
Closed -$3.66M
ECF
129
Ellsworth Growth & Income Fund
ECF
$171M
– –
-10,000
Closed -$86K
ENX
130
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
– –
-39,587
Closed -$458K
ERC
131
Allspring Multi-Sector Income Fund
ERC
$261M
– –
-583,943
Closed -$5.62M
FINS
132
Angel Oak Financial Strategies Income Term Trust
FINS
$420M
– –
-34,689
Closed -$593K
FTF
133
Franklin Limited Duration Income Trust
FTF
$234M
– –
-54,276
Closed -$426K
HLF icon
134
Herbalife
HLF
$1.33B
– –
-70,777
Closed -$2.75M
HNW
135
DELISTED
Pioneer Diversified High Income Fund
HNW
– –
-10,000
Closed -$105K
HYD icon
136
VanEck High Yield Muni ETF
HYD
$4.35B
– –
-414,006
Closed -$21.6M
HYG icon
137
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
– –
-4,790
Closed -$386K
JHI
138
John Hancock Investors Trust
JHI
$116M
– –
-39,621
Closed -$498K
KBH icon
139
KB Home
KBH
$3.39B
– –
-318,072
Closed -$5.76M
KIO
140
KKR Income Opportunities Fund
KIO
$449M
– –
-729,762
Closed -$7.78M
MCR
141
DELISTED
MFS Charter Income Trust
MCR
– –
-245,185
Closed -$1.81M
MD icon
142
Pediatrix Medical
MD
$2.16B
– –
-19,233
Closed -$224K
MD icon
143
PUT
Pediatrix Medical
MD
$2.16B
– –
-53,700
Closed -$625K
MMT
144
Aberdeen Multi-Market Income Fund
MMT
$243M
– –
-457,692
Closed -$2.3M
MYN icon
145
BlackRock MuniYield New York Quality Fund
MYN
$371M
– –
-86,814
Closed -$1.06M
NAZ icon
146
Nuveen Arizona Quality Municipal Income Fund
NAZ
$158M
– –
-11,560
Closed -$143K
OPP
147
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$187M
– –
-82,623
Closed -$1.04M
PHT
148
DELISTED
Pioneer High Income Fund
PHT
– –
-953,353
Closed -$6.12M
RA
149
Brookfield Real Assets Income Fund
RA
$693M
– –
-481,540
Closed -$7.07M
TSI
150
TCW Strategic Income Fund
TSI
$278M
– –
-18,198
Closed -$94K
3 4 5
6
7

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Boaz Weinstein's Q2 2020 Portfolio in Review

As of Q2 2020, Boaz Weinstein held 161 positions worth $2.29B, up 20% from $1.9B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Boaz Weinstein deployed $130M of net new capital in Q2 2020, opening 14 new positions and adding to 39 existing holdings. Its largest new stake was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.

By sector, the portfolio is most concentrated in Industrials at 0.46% of assets, up from 0.39% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $10.3M trimmed.

  • Boaz Weinstein's largest Q2 2020 buy was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.
  • Boaz Weinstein added most to Pioneer Floating Rate Fund in Q2 2020, an estimated $27.9M increase.
  • Boaz Weinstein's biggest Q2 2020 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $10.3M.
  • Boaz Weinstein fully exited VanEck High Yield Muni ETF in Q2 2020, selling an estimated $21.6M.
  • Boaz Weinstein's ten largest holdings make up 48% of its $2.29B portfolio in Q2 2020.
  • Boaz Weinstein opened 14 new positions and closed 45 in Q2 2020.
  • Boaz Weinstein's portfolio value rose 20% quarter-over-quarter to $2.29B.

Based on Saba Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.