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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
+1.88%
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
$1.77B
AUM Growth
+$52.4M
Cap. Flow
+$22.1M
Cap. Flow %
1.25%
Top 10 Hldgs %
34.58%
Holding
253
New
52
Increased
82
Reduced
55
Closed
46

Top Buys

Rank Stock Value
1
VCSH icon
Vanguard Short-Term Corporate Bond ETF
VCSH
+$34.1M
2
KBH icon
KB Home
KBH
+$28.3M
3
DSU icon
BlackRock Debt Strategies Fund
DSU
+$24M
4
FST
FOREST OIL CORPORATION
FST
+$23.2M
5
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$19.4M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$101M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$36.9M
3
GM icon
General Motors
GM
+$26.3M
4
FLOT icon
iShares Floating Rate Bond ETF
FLOT
+$24.1M
5
FSL
FREESCALE SEMICONDUCTOR LTD
FSL
+$19.1M

Sector Composition

Rank Sector Weight
1 Financials 8.61%
2 Consumer Discretionary 5.64%
3 Energy 3.35%
4 Industrials 2.29%
5 Materials 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NRG icon
151
NRG Energy
NRG
$23.8B
$1.28M 0.07%
+40,375
New +$1.16M
BKLN icon
152
Invesco Senior Loan ETF
BKLN
$6.8B
$1.28M 0.07%
51,642
-83,451
-62% -$2.08M
FT
153
Franklin Universal Trust
FT
$197M
$1.28M 0.07%
177,214
+133,934
+309% +$950K
JMT
154
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$1.24M 0.07%
53,034
– –
BRSL
155
Brightstar Lottery PLC
BRSL
$2.21B
$1.22M 0.07%
86,778
+19,510
+29% +$302K
HYB
156
DELISTED
New America High Income Fund, Inc.
HYB
$1.18M 0.07%
120,610
+40,879
+51% +$400K
USIG icon
157
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.4B
$1.17M 0.07%
21,386
-226,848
-91% -$12.3M
KBR icon
158
KBR
KBR
$4.86B
$1.17M 0.07%
+43,665
New +$1.32M
BSCH
159
DELISTED
Guggenheim BulletShares 2017 Corporate Bond ETF
BSCH
$1.16M 0.07%
+50,628
New +$1.15M
RAD
160
DELISTED
Rite Aid Corporation
RAD
$1.15M 0.06%
+9,140
New +$1.11M
VGI
161
Virtus Global Multi-Sector Income Fund
VGI
$82.5M
$1.14M 0.06%
67,424
– –
GPRE icon
162
Green Plains
GPRE
$1.14B
$1.14M 0.06%
+38,000
New +$932K
GLO
163
Clough Global Opportunities Fund
GLO
$248M
$1.05M 0.06%
82,163
– –
TIVO
164
DELISTED
Tivo Inc
TIVO
$1M 0.06%
44,000
-35,894
-45% -$822K
MSD
165
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$989K 0.06%
99,911
-59,437
-37% -$572K
DFP
166
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$426M
$956K 0.05%
44,022
-67,236
-60% -$1.44M
OI icon
167
O-I Glass
OI
$1.1B
$931K 0.05%
27,528
-571
-2% -$19K
FMY
168
First Trust Mortgage Income Fund
FMY
$49.3M
$871K 0.05%
55,345
+3,618
+7% +$57.2K
SCD
169
LMP Capital and Income Fund
SCD
$358M
$867K 0.05%
53,863
– –
MGF
170
Aberdeen Government Markets Income Fund
MGF
$92.2M
$866K 0.05%
151,883
-196,309
-56% -$1.12M
JBLU icon
171
JetBlue
JBLU
$1.85B
$862K 0.05%
+99,139
New +$869K
BSJG
172
DELISTED
Guggenheim BulletShares 2016 High Yield Corporate Bond ETF
BSJG
$859K 0.05%
+31,481
New +$856K
BGB
173
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
$847K 0.05%
47,789
-24,721
-34% -$447K
GLOG
174
DELISTED
GASLOG LTD
GLOG
$841K 0.05%
+36,100
New +$758K
IVH
175
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$818K 0.05%
44,740
– –
5 6
7
8 9

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Boaz Weinstein's Q1 2014 Portfolio in Review

As of Q1 2014, Boaz Weinstein held 253 positions worth $1.77B, up 3% from $1.72B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Boaz Weinstein's Q1 2014 filing shows 52 new, 82 increased, 55 reduced and 46 closed positions. Its largest new stake was Vanguard Short-Term Corporate Bond ETF: 426,186 shares worth $34.1M. The largest sale was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $101M.

By sector, the portfolio is most concentrated in Financials at 8.6% of assets, up from 6.9% a quarter earlier, followed by Consumer Discretionary and Energy.

  • Boaz Weinstein's largest Q1 2014 buy was Vanguard Short-Term Corporate Bond ETF: 426,186 shares worth $34.1M.
  • Boaz Weinstein added most to KB Home in Q1 2014, an estimated $28.3M increase.
  • Boaz Weinstein's biggest Q1 2014 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $36.9M.
  • Boaz Weinstein fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2014, selling an estimated $101M.
  • Boaz Weinstein's ten largest holdings make up 35% of its $1.77B portfolio in Q1 2014.
  • Boaz Weinstein opened 52 new positions and closed 46 in Q1 2014.
  • Boaz Weinstein's portfolio value rose 3% quarter-over-quarter to $1.77B.

Based on Saba Capital Management's 13F filing for Q1 2014, filed 15 May 2014.