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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
+5.02%
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
$4.8B
AUM Growth
-$1.22B
Cap. Flow
-$1.43B
Cap. Flow %
-29.79%
Top 10 Hldgs %
47.67%
Holding
417
New
28
Increased
55
Reduced
62
Closed
59

Top Buys

Rank Stock Value
1
GDV icon
Gabelli Dividend & Income Trust
GDV
+$36.5M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$28.1M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$27M
4
GAM
General American Investors Company
GAM
+$26.6M
5
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$25.4M

Top Sells

Rank Stock Value
1
ADX icon
Adams Diversified Equity Fund
ADX
+$70.9M
2
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$57.1M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.3M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$33.5M
5
JRI icon
Nuveen Real Asset Income & Growth Fund
JRI
+$26.5M

Sector Composition

Rank Sector Weight
1 Communication Services 1.12%
2 Financials 1.04%
3 Consumer Discretionary 0.85%
4 Technology 0.59%
5 Real Estate 0.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UBER icon
126
Uber
UBER
$161B
$3.01M 0.06%
+40,000
New +$2.82M
JWN
127
DELISTED
Nordstrom
JWN
$2.96M 0.06%
131,722
– –
VISN
128
Vistance Networks Inc
VISN
$2.59B
$2.9M 0.06%
475,418
-1,150,529
-71% -$3.94M
AAL icon
129
American Airlines Group
AAL
$9.15B
$2.82M 0.06%
251,233
-184,650
-42% -$1.95M
BABA icon
130
Alibaba
BABA
$286B
$2.79M 0.06%
26,274
-38,601
-60% -$3.16M
JOF
131
Japan Smaller Capitalization Fund
JOF
$352M
$2.66M 0.06%
321,162
+302,091
+1,584% +$2.36M
ABUS icon
132
Arbutus Biopharma
ABUS
$1.03B
$2.6M 0.05%
676,427
+25,000
+4% +$95.9K
GDS icon
133
GDS Holdings
GDS
$6.58B
$2.43M 0.05%
+119,328
New +$1.69M
SWZ
134
Swiss Helvetia Fund
SWZ
$76.9M
$2.34M 0.05%
+261,182
New +$2.25M
HEQ
135
John Hancock Hedged Equity & Income Fund
HEQ
$143M
$2.33M 0.05%
212,009
+73,817
+53% +$783K
ARBE icon
136
Arbe Robotics
ARBE
$91.1M
$2.28M 0.05%
1,191,112
+903,051
+313% +$1.85M
CODI icon
137
Compass Diversified
CODI
$879M
$2.26M 0.05%
+102,291
New +$2.23M
HOUS
138
DELISTED
Anywhere Real Estate
HOUS
$2.17M 0.05%
+427,286
New +$1.98M
VFL
139
DELISTED
abrdn National Municipal Income Fund
VFL
$2.1M 0.04%
187,824
-105,576
-36% -$1.15M
MD icon
140
Pediatrix Medical
MD
$2.16B
$2.08M 0.04%
179,698
-130,343
-42% -$1.23M
DAL icon
141
Delta Air Lines
DAL
$54.2B
$1.76M 0.04%
34,616
-1,543
-4% -$67.2K
TWN
142
Taiwan Fund
TWN
$561M
$1.55M 0.03%
35,254
– –
UNFI icon
143
PUT
United Natural Foods
UNFI
$2.91B
$1.49M 0.03%
88,500
– –
SABR icon
144
Sabre
SABR
$848M
$1.43M 0.03%
+388,526
New +$1.21M
GM icon
145
General Motors
GM
$77.2B
$1.28M 0.03%
28,600
– –
FWRD icon
146
Forward Air
FWRD
$612M
$1.24M 0.03%
34,955
-43,702
-56% -$1.24M
RVT icon
147
Royce Value Trust
RVT
$2.32B
$1.18M 0.02%
+75,048
New +$1.14M
WRLD icon
148
World Acceptance Corp
WRLD
$878M
$1.09M 0.02%
9,226
-355
-4% -$42.7K
MXE
149
Mexico Equity and Income Fund
MXE
$59.4M
$1.09M 0.02%
118,600
– –
SBI
150
Western Asset Intermediate Muni Fund
SBI
$107M
$1.03M 0.02%
125,453
-73,426
-37% -$591K
4 5
6
7 8

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Boaz Weinstein's Q3 2024 Portfolio in Review

As of Q3 2024, Boaz Weinstein held 417 positions worth $4.8B, down 20% from $6.01B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Boaz Weinstein withdrew a net $1.43B in Q3 2024, closing 59 positions and reducing 62 holdings. Its most notable exit was Nuveen AMT-Free Quality Municipal Income Fund, an estimated $34.3M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 1.1% of assets, up from 0.48% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Boaz Weinstein opened a new position in Morgan Stanley India Investment Fund worth $20.3M.

  • Boaz Weinstein's largest Q3 2024 buy was Morgan Stanley India Investment Fund: 675,703 shares worth $20.3M.
  • Boaz Weinstein added most to Gabelli Dividend & Income Trust in Q3 2024, an estimated $36.5M increase.
  • Boaz Weinstein's biggest Q3 2024 reduction was Adams Diversified Equity Fund, cutting an estimated $70.9M.
  • Boaz Weinstein fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q3 2024, selling an estimated $34.3M.
  • Boaz Weinstein's ten largest holdings make up 48% of its $4.8B portfolio in Q3 2024.
  • Boaz Weinstein opened 28 new positions and closed 59 in Q3 2024.
  • Boaz Weinstein's portfolio value fell 20% quarter-over-quarter to $4.8B.

Based on Saba Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.