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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
+8.68%
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
$2.44B
AUM Growth
+$34.5M
Cap. Flow
-$262M
Cap. Flow %
-10.73%
Top 10 Hldgs %
53.19%
Holding
216
New
66
Increased
46
Reduced
45
Closed
49

Top Buys

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$45.4M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$32.3M
3
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$29.9M
4
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$18.1M
5
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$13.9M

Top Sells

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$86.3M
2
PHD
Pioneer Floating Rate Fund
PHD
+$55.7M
3
NHS
Neuberger High Yield Strategies Fund Inc
NHS
+$54.1M
4
HIO
Western Asset High Income Opportunity Fund
HIO
+$53.2M
5
HIX
Western Asset High Income Fund II
HIX
+$46M

Sector Composition

Rank Sector Weight
1 Financials 1.75%
2 Industrials 0.96%
3 Healthcare 0.46%
4 Consumer Discretionary 0.37%
5 Energy 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JTA
151
DELISTED
Nuveen Tax-Advantaged Total Return Strategy Fund
JTA
$272K 0.01%
+28,846
New +$249K
TALK
152
DELISTED
Talkspace
TALK
$270K 0.01%
+25,007
New +$249K
FTOC
153
DELISTED
FTAC Olympus Acquisition Corp. Class A Ordinary Shares
FTOC
$269K 0.01%
+26,151
New +$258K
RBOT
154
DELISTED
Vicarious Surgical
RBOT
$256K 0.01%
+839
New +$246K
BURU
155
DELISTED
NUBURU INC
BURU
$244K 0.01%
+118
New +$233K
UBER icon
156
Uber
UBER
$161B
$222K 0.01%
4,350
-19,450
-82% -$872K
X
157
DELISTED
US Steel
X
$219K 0.01%
13,081
-218,853
-94% -$2.72M
OWL icon
158
Blue Owl Capital
OWL
$18.2B
$202K 0.01%
+17,763
New +$192K
STLN
159
Starling Oncology
STLN
$658M
$187K 0.01%
17,318
-80,443
-82% -$828K
AOD
160
abrdn Total Dynamic Dividend Fund
AOD
$1.13B
$173K 0.01%
19,502
– –
CNX icon
161
PUT
CNX Resources
CNX
$5.38B
$162K 0.01%
15,000
-1,352,500
-99% -$13.6M
ESSC
162
DELISTED
East Stone Acquisition Corporation Ordinary Shares
ESSC
$151K 0.01%
+15,000
New +$148K
GNRS
163
DELISTED
Greenrose Acquisition Corp. Common Stock
GNRS
$145K 0.01%
+14,267
New +$141K
PWPPW
164
DELISTED
Perella Weinberg Partners Warrant
PWPPW
$141K 0.01%
+64,359
New +$116K
GRCY
165
DELISTED
Greencity Acquisition Corporation Ordinary Shares
GRCY
$125K 0.01%
+12,400
New +$124K
GPGI
166
GPGI Inc
GPGI
$3.71B
$101K ﹤0.01%
+12,040
New +$100K
OTRAW
167
DELISTED
OTR Acquisition Corp. Warrant
OTRAW
$68K ﹤0.01%
+67,539
New +$69.1K
BA icon
168
Boeing
BA
$169B
– –
-1,227
Closed -$203K
BA icon
169
PUT
Boeing
BA
$169B
– –
-50,000
Closed -$8.26M
CLF icon
170
Cleveland-Cliffs
CLF
$6.43B
– –
-46,978
Closed -$302K
CLF icon
171
PUT
Cleveland-Cliffs
CLF
$6.43B
– –
-1,573,000
Closed -$10.1M
DHY
172
Credit Suisse High Yield Credit Fund
DHY
$238M
– –
-240,995
Closed -$508K
EHI
173
Western Asset Global High Income Fund
EHI
$175M
– –
-8,956,102
Closed -$86.3M
HIX
174
Western Asset High Income Fund II
HIX
$355M
– –
-7,183,784
Closed -$46M
HYG icon
175
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
– –
-16,608
Closed -$1.42M
5 6
7
8 9

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Boaz Weinstein's Q4 2020 Portfolio in Review

As of Q4 2020, Boaz Weinstein held 216 positions worth $2.44B, up 1.4% from $2.41B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Boaz Weinstein withdrew a net $262M in Q4 2020, closing 49 positions and reducing 45 holdings. Its most notable exit was Western Asset Global High Income Fund, an estimated $86.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 1.7% of assets, up from 0.51% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Boaz Weinstein opened a new position in Calamos Long/Short Equity & Dynamic Income Trust worth $19.5M.

  • Boaz Weinstein's largest Q4 2020 buy was Calamos Long/Short Equity & Dynamic Income Trust: 1,117,022 shares worth $19.5M.
  • Boaz Weinstein added most to Saba Capital Income & Opportunities Fund II in Q4 2020, an estimated $45.4M increase.
  • Boaz Weinstein's biggest Q4 2020 reduction was Pioneer Floating Rate Fund, cutting an estimated $55.7M.
  • Boaz Weinstein fully exited Western Asset Global High Income Fund in Q4 2020, selling an estimated $86.3M.
  • Boaz Weinstein's ten largest holdings make up 53% of its $2.44B portfolio in Q4 2020.
  • Boaz Weinstein opened 66 new positions and closed 49 in Q4 2020.
  • Boaz Weinstein's portfolio value rose 1.4% quarter-over-quarter to $2.44B.

Based on Saba Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.