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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
+4.4%
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
$2.41B
AUM Growth
+$119M
Cap. Flow
+$55M
Cap. Flow %
2.29%
Top 10 Hldgs %
48.42%
Holding
183
New
67
Increased
27
Reduced
42
Closed
33

Top Buys

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$38M
2
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$26M
3
SOR
Source Capital
SOR
+$17.5M
4
IGD
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
+$16.6M
5
JRO
Nuveen Floating Rate Income Opportunty Fund
JRO
+$12.6M

Top Sells

Rank Stock Value
1
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$15.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$11.7M
3
ISD
PGIM High Yield Bond Fund
ISD
+$7.69M
4
MHN
BlackRock MuniHoldings New Yrok Quality Fund
MHN
+$7.63M
5
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
+$7.14M

Sector Composition

Rank Sector Weight
1 Industrials 0.54%
2 Financials 0.51%
3 Consumer Discretionary 0.39%
4 Healthcare 0.28%
5 Materials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DHY
126
Credit Suisse High Yield Credit Fund
DHY
$238M
$508K 0.02%
+240,995
New +$504K
FTOCU
127
DELISTED
FTAC Olympus Acquisition Corp. Unit
FTOCU
$500K 0.02%
+50,000
New +$500K
PDAC.U
128
DELISTED
Peridot Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one
PDAC.U
$499K 0.02%
+50,000
New +$499K
TMPO
129
DELISTED
Tempo Automation Holdings, Inc. Common Stock
TMPO
$488K 0.02%
+50,000
New +$489K
KSMTU
130
DELISTED
Kismet Acquisition One Corp Unit
KSMTU
$391K 0.02%
+30,600
New +$307K
VLT icon
131
Invesco High Income Trust II
VLT
$64.2M
$365K 0.02%
29,742
-94,709
-76% -$1.18M
CRHC.U
132
DELISTED
Cohn Robbins Holdings Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CRHC.U
$364K 0.02%
+36,036
New +$365K
JTD
133
DELISTED
NUVEEN TAX-ADVANTAGE DIVIDEND GROWTH FUND
JTD
$350K 0.01%
+26,807
New +$353K
CLF icon
134
Cleveland-Cliffs
CLF
$6.43B
$302K 0.01%
46,978
-367,000
-89% -$2.21M
JSPR icon
135
Jasper Therapeutics
JSPR
$23.8M
$298K 0.01%
+3,000
New +$300K
BA icon
136
Boeing
BA
$169B
$203K 0.01%
+1,227
New +$209K
RPLA
137
DELISTED
Replay Acquisition Corp. Ordinary Shares
RPLA
$164K 0.01%
+16,100
New +$165K
AOD
138
abrdn Total Dynamic Dividend Fund
AOD
$1.13B
$155K 0.01%
19,502
– –
TWNKW
139
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$149K 0.01%
181,293
– –
TWCTU
140
DELISTED
TWC Tech Holdings II Corp. Unit
TWCTU
$147K 0.01%
+14,470
New +$147K
LOTZ
141
DELISTED
CarLotz, Inc. Class A Common Stock
LOTZ
$146K 0.01%
+14,300
New +$147K
JIH
142
DELISTED
Juniper Industrial Holdings, Inc.
JIH
$131K 0.01%
+12,500
New +$127K
LCIDW
143
DELISTED
Lucid Group, Inc. Warrant
LCIDW
$102K ﹤0.01%
+69,120
New +$106K
STLNW
144
Starling Oncology Warrant
STLNW
$52K ﹤0.01%
+24,464
New +$40.2K
GOAC.WS
145
DELISTED
GO Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A Common Stock
GOAC.WS
$46K ﹤0.01%
+41,666
New +$41.8K
GIK.WS
146
DELISTED
GigCapital3, Inc. Redeemable Warrants, each exercisable for one share of Common Stock at an exercise
GIK.WS
$39K ﹤0.01%
+60,247
New +$34K
ZGYHW
147
DELISTED
Yunhong International Warrant
ZGYHW
$28K ﹤0.01%
+147,998
New +$32.5K
HPX.WS
148
DELISTED
HPX Corp. Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
HPX.WS
$27K ﹤0.01%
+30,000
New +$26.5K
PRPB.WS
149
DELISTED
CC Neuberger Principal Holdings II Redeemable warrants, each whole warrant exercisable for one Class
PRPB.WS
$25K ﹤0.01%
+14,999
New +$25.3K
TMPOW
150
DELISTED
Tempo Automation Holdings, Inc. Warrant
TMPOW
$21K ﹤0.01%
+24,999
New +$24.6K
4 5
6
7 8

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Boaz Weinstein's Q3 2020 Portfolio in Review

As of Q3 2020, Boaz Weinstein held 183 positions worth $2.41B, up 5.2% from $2.29B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Boaz Weinstein's Q3 2020 filing shows 67 new, 27 increased, 42 reduced and 33 closed positions. Its largest new stake was Voya Global Equity Dividend and Premium Opportunity Fund: 3,335,503 shares worth $16.5M. The largest sale was Eaton Vance Limited Duration Income Fund, an estimated $15.1M.

By sector, the portfolio is most concentrated in Industrials at 0.54% of assets, up from 0.46% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Boaz Weinstein's largest Q3 2020 buy was Voya Global Equity Dividend and Premium Opportunity Fund: 3,335,503 shares worth $16.5M.
  • Boaz Weinstein added most to Saba Capital Income & Opportunities Fund II in Q3 2020, an estimated $38M increase.
  • Boaz Weinstein's biggest Q3 2020 reduction was Eaton Vance Limited Duration Income Fund, cutting an estimated $15.1M.
  • Boaz Weinstein fully exited BlackRock MuniHoldings New Yrok Quality Fund in Q3 2020, selling an estimated $7.63M.
  • Boaz Weinstein's ten largest holdings make up 48% of its $2.41B portfolio in Q3 2020.
  • Boaz Weinstein opened 67 new positions and closed 33 in Q3 2020.
  • Boaz Weinstein's portfolio value rose 5.2% quarter-over-quarter to $2.41B.

Based on Saba Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.