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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
-3.71%
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
$4.17B
AUM Growth
+$325M
Cap. Flow
+$544M
Cap. Flow %
13.06%
Top 10 Hldgs %
34.08%
Holding
670
New
43
Increased
119
Reduced
67
Closed
97

Top Buys

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$42.9M
2
ADX icon
Adams Diversified Equity Fund
ADX
+$40.8M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$32M
4
PDX
PIMCO Dynamic Income Strategy Fund
PDX
+$30.2M
5
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.1M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$29.1M
2
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$27.2M
3
ZING
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
+$21.5M
4
ESTE
Earthstone Energy Inc. Class A Common Stock
ESTE
+$15.4M
5
IRRX
Integrated Rail and Resources Acquisition Corp.
IRRX
+$15.2M

Sector Composition

Rank Sector Weight
1 Financials 5.94%
2 Consumer Discretionary 1.01%
3 Industrials 0.95%
4 Technology 0.77%
5 Materials 0.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LFAC
126
DELISTED
LF Capital Acquisition Corp. II Class A Common Stock
LFAC
$6.4M 0.15%
589,233
– –
NPFD icon
127
Nuveen Variable Rate Preferred & Income Fund
NPFD
$451M
$6.35M 0.15%
405,546
+221,693
+121% +$3.54M
IGA
128
Voya Global Advantage and Premium Opportunity Fund
IGA
$161M
$6.33M 0.15%
762,684
+484,630
+174% +$4.07M
GNT
129
GAMCO Natural Resources, Gold & Income Trust
GNT
$154M
$5.98M 0.14%
1,210,182
+405,366
+50% +$2.06M
MSD
130
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$5.93M 0.14%
913,633
– –
CPZ
131
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$261M
$5.93M 0.14%
400,819
+165,626
+70% +$2.54M
CEV
132
Eaton Vance California Municipal Income Trust
CEV
$75.2M
$5.9M 0.14%
644,516
+69,042
+12% +$676K
SCRM
133
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$5.79M 0.14%
553,169
-500,041
-47% -$5.2M
NCZ
134
Virtus Convertible & Income Fund II
NCZ
$295M
$5.74M 0.14%
520,021
-5,331
-1% -$63.2K
CXE
135
DELISTED
MFS High Income Municipal Trust
CXE
$5.68M 0.14%
1,819,187
+278,981
+18% +$954K
RLTY icon
136
Cohen & Steers Real Estate Opportunities and Income Fund
RLTY
$261M
$5.66M 0.14%
433,490
-35,911
-8% -$498K
FINS
137
Angel Oak Financial Strategies Income Term Trust
FINS
$420M
$5.65M 0.14%
469,649
+24,644
+6% +$292K
CFFS
138
DELISTED
CF Acquisition Corp. VII Class A Common Stock
CFFS
$5.59M 0.13%
520,394
– –
EPAM icon
139
EPAM Systems
EPAM
$5.69B
$5.48M 0.13%
21,413
-7,892
-27% -$1.95M
NBW
140
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$5.2M 0.12%
531,221
+91,373
+21% +$961K
FEN
141
DELISTED
First Trust Energy Income and Growth Fund
FEN
$5.15M 0.12%
391,633
-44,256
-10% -$612K
PGZ
142
Principal Real Estate Income Fund
PGZ
$66.6M
$5.13M 0.12%
568,008
-53,164
-9% -$504K
CLF icon
143
Cleveland-Cliffs
CLF
$6.43B
$5.1M 0.12%
326,347
+70,761
+28% +$1.1M
JPS
144
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$5.07M 0.12%
+821,134
New +$5.22M
ECF
145
Ellsworth Growth & Income Fund
ECF
$171M
$5.06M 0.12%
628,984
-75,267
-11% -$644K
NDP
146
DELISTED
TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP
$4.96M 0.12%
156,735
-2,622
-2% -$81.1K
MUE
147
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$4.9M 0.12%
557,882
+396,765
+246% +$3.78M
UAL icon
148
United Airlines
UAL
$36.7B
$4.86M 0.12%
+115,000
New +$5.81M
DSM
149
BNY Mellon Strategic Municipal Bond Fund
DSM
$287M
$4.85M 0.12%
975,745
+734,751
+305% +$4.03M
PAGS icon
150
PagSeguro Digital
PAGS
$2.38B
$4.81M 0.12%
558,839
-62,293
-10% -$586K
4 5
6
7 8

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Boaz Weinstein's Q3 2023 Portfolio in Review

As of Q3 2023, Boaz Weinstein held 670 positions worth $4.17B, up 8.5% from $3.84B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Boaz Weinstein deployed $544M of net new capital in Q3 2023, opening 43 new positions and adding to 119 existing holdings. Its largest new stake was Ford: 1,022,934 shares worth $12.7M.

By sector, the portfolio is most concentrated in Financials at 5.9% of assets, down from 14% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund II, an estimated $29.1M trimmed.

  • Boaz Weinstein's largest Q3 2023 buy was Ford: 1,022,934 shares worth $12.7M.
  • Boaz Weinstein added most to BlackRock Technology and Private Equity Term Trust in Q3 2023, an estimated $42.9M increase.
  • Boaz Weinstein's biggest Q3 2023 reduction was Saba Capital Income & Opportunities Fund II, cutting an estimated $29.1M.
  • Boaz Weinstein fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2023, selling an estimated $27.2M.
  • Boaz Weinstein's ten largest holdings make up 34% of its $4.17B portfolio in Q3 2023.
  • Boaz Weinstein opened 43 new positions and closed 97 in Q3 2023.
  • Boaz Weinstein's portfolio value rose 8.5% quarter-over-quarter to $4.17B.

Based on Saba Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.