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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
+9.04%
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
$2.29B
AUM Growth
-$498M
Cap. Flow
-$653M
Cap. Flow %
-28.55%
Top 10 Hldgs %
54.84%
Holding
180
New
15
Increased
47
Reduced
42
Closed
66

Top Buys

Rank Stock Value
1
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$34M
2
VVR icon
Invesco Senior Income Trust
VVR
+$27.5M
3
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$26M
4
BRW
Saba Capital Income & Opportunities Fund
BRW
+$21.4M
5
EHI
Western Asset Global High Income Fund
EHI
+$20.2M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$39.9M
2
TXN icon
Texas Instruments
TXN
+$28.4M
3
QCOM icon
Qualcomm
QCOM
+$17.6M
4
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.1M
5
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$15.5M

Sector Composition

Rank Sector Weight
1 Technology 1.04%
2 Healthcare 0.73%
3 Energy 0.43%
4 Consumer Discretionary 0.31%
5 Financials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JRO
176
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
– –
-266,251
Closed -$2.4M
EVJ
177
DELISTED
Eaton Vance New Jersey Municipal Income Trust
EVJ
– –
-44,492
Closed -$498K
EVP
178
DELISTED
Eaton Vance Pennsylvania Municipal Income Trust
EVP
– –
-22,288
Closed -$248K
EIO
179
DELISTED
Eaton Vance Ohio Municipal Bond Fund
EIO
– –
-19,287
Closed -$219K
EVO
180
DELISTED
Eaton Vance Ohio Municipal Income Trust
EVO
– –
-24,439
Closed -$297K
4 5 6 7
8

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Boaz Weinstein's Q1 2019 Portfolio in Review

As of Q1 2019, Boaz Weinstein held 180 positions worth $2.29B, down 18% from $2.78B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Boaz Weinstein withdrew a net $653M in Q1 2019, closing 66 positions and reducing 42 holdings. Its most notable exit was Texas Instruments, an estimated $28.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 1% of assets, down from 2.8% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Boaz Weinstein opened a new position in YPF Sociedad Anonima ADS worth $4.89M.

  • Boaz Weinstein's largest Q1 2019 buy was YPF Sociedad Anonima ADS: 348,770 shares worth $4.89M.
  • Boaz Weinstein added most to INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND in Q1 2019, an estimated $34M increase.
  • Boaz Weinstein's biggest Q1 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $39.9M.
  • Boaz Weinstein fully exited Texas Instruments in Q1 2019, selling an estimated $28.4M.
  • Boaz Weinstein's ten largest holdings make up 55% of its $2.29B portfolio in Q1 2019.
  • Boaz Weinstein opened 15 new positions and closed 66 in Q1 2019.
  • Boaz Weinstein's portfolio value fell 18% quarter-over-quarter to $2.29B.

Based on Saba Capital Management's 13F filing for Q1 2019, filed 15 May 2019.