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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
-9.65%
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
$2.78B
AUM Growth
+$840M
Cap. Flow
+$1.04B
Cap. Flow %
37.39%
Top 10 Hldgs %
60.4%
Holding
190
New
84
Increased
43
Reduced
23
Closed
25

Top Buys

Rank Stock Value
1
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$39.4M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$31.8M
3
VVR icon
Invesco Senior Income Trust
VVR
+$27.7M
4
QCOM icon
Qualcomm
QCOM
+$27.2M
5
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$25M

Top Sells

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$94.3M
2
TEI
Templeton Emerging Markets Income Fund
TEI
+$36M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$33.4M
4
SDRL
Seadrill Limited Common Stock
SDRL
+$32.1M
5
DEX
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
+$13M

Sector Composition

Rank Sector Weight
1 Technology 2.75%
2 Healthcare 0.63%
3 Consumer Discretionary 0.46%
4 Financials 0.46%
5 Energy 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AFT
151
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$256K 0.01%
+17,800
New +$270K
EVP
152
DELISTED
Eaton Vance Pennsylvania Municipal Income Trust
EVP
$248K 0.01%
+22,288
New +$245K
DCF
153
DELISTED
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
DCF
$230K 0.01%
+30,000
New +$252K
BBWI icon
154
Bath & Body Works
BBWI
$3.92B
$228K 0.01%
+10,990
New +$277K
EIO
155
DELISTED
Eaton Vance Ohio Municipal Bond Fund
EIO
$219K 0.01%
+19,287
New +$215K
TWNKW
156
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$208K 0.01%
238,772
– –
JSD
157
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$194K 0.01%
+13,519
New +$212K
AKP
158
DELISTED
Alliance Californa Muni Fd
AKP
$185K 0.01%
13,535
– –
LOR
159
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$146K 0.01%
17,148
-12,000
-41% -$110K
USA icon
160
Liberty All-Star Equity Fund
USA
$1.85B
$139K 0.01%
25,821
– –
DHF
161
BNY Mellon High Yield Strategies Fund
DHF
$171M
$98K ﹤0.01%
+36,165
New +$106K
LINDW
162
DELISTED
Lindblad Expeditions Holdings Inc. Warrant
LINDW
$77K ﹤0.01%
24,525
-12,297
-33% -$36.6K
FT
163
Franklin Universal Trust
FT
$197M
$64K ﹤0.01%
10,058
– –
DHY
164
Credit Suisse High Yield Credit Fund
DHY
$238M
$55K ﹤0.01%
+25,500
New +$60.3K
CYHHZ
165
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$2K ﹤0.01%
1,981,077
– –
AAPL icon
166
Apple
AAPL
$4.51T
– –
-15,644
Closed -$883K
AAPL icon
167
PUT
Apple
AAPL
$4.51T
– –
-439,200
Closed -$24.8M
GNW icon
168
Genworth Financial
GNW
$3.73B
– –
-2,333,509
Closed -$9.73M
GOOG icon
169
Alphabet (Google) Class C
GOOG
$4.18T
– –
-117,880
Closed -$7.03M
GOOGL icon
170
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
– –
-800,000
Closed -$48.3M
HLF icon
171
Herbalife
HLF
$1.33B
– –
-10,882
Closed -$601K
IBM icon
172
IBM
IBM
$222B
– –
-70,718
Closed -$10.2M
IBM icon
173
PUT
IBM
IBM
$222B
– –
-313,800
Closed -$45.4M
MSFT icon
174
Microsoft
MSFT
$3.59T
– –
-24,324
Closed -$2.78M
MSFT icon
175
PUT
Microsoft
MSFT
$3.59T
– –
-500,000
Closed -$57.2M
4 5 6
7
8

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Boaz Weinstein's Q4 2018 Portfolio in Review

As of Q4 2018, Boaz Weinstein held 190 positions worth $2.78B, up 43% from $1.94B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Boaz Weinstein deployed $1.04B of net new capital in Q4 2018, opening 84 new positions and adding to 43 existing holdings. Its largest new stake was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.

By sector, the portfolio is most concentrated in Technology at 2.8% of assets, down from 3.7% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was iShares 7-10 Year Treasury Bond ETF, an estimated $94.3M trimmed.

  • Boaz Weinstein's largest Q4 2018 buy was INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND: 3,607,769 shares worth $37.1M.
  • Boaz Weinstein added most to Nuveen Credit Strategies Income Fund in Q4 2018, an estimated $31.8M increase.
  • Boaz Weinstein's biggest Q4 2018 reduction was iShares 7-10 Year Treasury Bond ETF, cutting an estimated $94.3M.
  • Boaz Weinstein fully exited Templeton Emerging Markets Income Fund in Q4 2018, selling an estimated $36M.
  • Boaz Weinstein's ten largest holdings make up 60% of its $2.78B portfolio in Q4 2018.
  • Boaz Weinstein opened 84 new positions and closed 25 in Q4 2018.
  • Boaz Weinstein's portfolio value rose 43% quarter-over-quarter to $2.78B.

Based on Saba Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.