Boaz Weinstein Saba Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PHD
Pioneer Floating Rate Fund
PHD
|
+$27.9M |
| 2 |
EFT
Eaton Vance Floating-Rate Income Trust
EFT
|
+$22.8M |
| 3 |
SABA
Saba Capital Income & Opportunities Fund II
SABA
|
+$20M |
| 4 |
Nuveen Floating Rate Income Fund
JFR
|
+$18.8M |
| 5 |
EVF
Eaton Vance Senior Income Trust
EVF
|
+$17.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck High Yield Muni ETF
HYD
|
+$21.6M |
| 2 |
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
|
+$10.3M |
| 3 |
BlackRock Multi-Sector Income Trust
BIT
|
+$9.93M |
| 4 |
EAD
Allspring Income Opportunities Fund
EAD
|
+$9.77M |
| 5 |
BlackRock Limited Duration Income Trust
BLW
|
+$9.45M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 0.46% |
| 2 | Energy | 0.28% |
| 3 | Healthcare | 0.23% |
| 4 | Materials | 0.19% |
| 5 | Consumer Discretionary | 0.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Uber
UBER
$161B
| – | – |
-47,227
| Closed | -$1.47M |
|
152
United Natural Foods
UNFI
$2.91B
| – | – |
-93,871
| Closed | -$862K |
|
153
PUT
USA Compression Partners
USAC
$3.85B
| – | – |
-25,400
| Closed | -$143K |
|
|
VGI
154
Virtus Global Multi-Sector Income Fund
VGI
$82.5M
| – | – |
-128,486
| Closed | -$1.24M |
|
|
MYC
155
DELISTED
Blackrock Muni Yield California Fund, Inc.
MYC
| – | – |
-29,225
| Closed | -$387K |
|
|
CNXM
156
PUT
DELISTED
CNX Midstream Partners LP
CNXM
| – | – |
-481,200
| Closed | -$3.9M |
|
|
SDRL
157
DELISTED
Seadrill Limited Common Stock
SDRL
| – | – |
-661,204
| Closed | -$284K |
|
|
TSLF
158
DELISTED
THL CREDIT SENIOR LOAN FUND
TSLF
| – | – |
-395,890
| Closed | -$4.58M |
|
|
MNE
159
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
| – | – |
-522,205
| Closed | -$7.65M |
|
|
IHTA
160
DELISTED
Invesco High Income 2024 Target Term Fund
IHTA
| – | – |
-14,546
| Closed | -$107K |
|
|
NJV
161
DELISTED
Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest
NJV
| – | – |
-10,169
| Closed | -$130K |
|
Similar funds
Boaz Weinstein's Q2 2020 Portfolio in Review
As of Q2 2020, Boaz Weinstein held 161 positions worth $2.29B, up 20% from $1.9B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Boaz Weinstein deployed $130M of net new capital in Q2 2020, opening 14 new positions and adding to 39 existing holdings. Its largest new stake was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.
By sector, the portfolio is most concentrated in Industrials at 0.46% of assets, up from 0.39% a quarter earlier, followed by Energy and Healthcare.
On the sell side, the largest reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $10.3M trimmed.
- Boaz Weinstein's largest Q2 2020 buy was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.
- Boaz Weinstein added most to Pioneer Floating Rate Fund in Q2 2020, an estimated $27.9M increase.
- Boaz Weinstein's biggest Q2 2020 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $10.3M.
- Boaz Weinstein fully exited VanEck High Yield Muni ETF in Q2 2020, selling an estimated $21.6M.
- Boaz Weinstein's ten largest holdings make up 48% of its $2.29B portfolio in Q2 2020.
- Boaz Weinstein opened 14 new positions and closed 45 in Q2 2020.
- Boaz Weinstein's portfolio value rose 20% quarter-over-quarter to $2.29B.
Based on Saba Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.