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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
+8.29%
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
$3.66B
AUM Growth
-$599M
Cap. Flow
-$853M
Cap. Flow %
-23.31%
Top 10 Hldgs %
44.39%
Holding
376
New
53
Increased
42
Reduced
87
Closed
47

Top Buys

Rank Stock Value
1
ASA
ASA Gold and Precious Metals
ASA
+$50.9M
2
RVT icon
Royce Value Trust
RVT
+$22.1M
3
TY icon
TRI-Continental Corp
TY
+$17M
4
WENN
Wen Acquisition Corp
WENN
+$15.9M
5
GAM
General American Investors Company
GAM
+$14.1M

Top Sells

Rank Stock Value
1
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$445M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$101M
3
MHI
Pioneer Municipal High Income Fund
MHI
+$38.5M
4
ADX icon
Adams Diversified Equity Fund
ADX
+$33.4M
5
MAV
Pioneer Municipal High Income Advantage Fund
MAV
+$33.3M

Sector Composition

Rank Sector Weight
1 Financials 4.4%
2 Technology 2.69%
3 Communication Services 2.13%
4 Consumer Discretionary 1.37%
5 Industrials 1.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TYG
176
Tortoise Energy Infrastructure Corp
TYG
$1.14B
$988K 0.03%
22,919
-602,996
-96% -$25.9M
TROX icon
177
Tronox
TROX
$888M
$984K 0.03%
244,667
-465,696
-66% -$2.13M
KF
178
Korea Fund
KF
$267M
$977K 0.03%
31,949
+12,316
+63% +$347K
RTAC
179
Renatus Tactical Acquisition Corp I
RTAC
$326M
$964K 0.03%
88,344
– –
MOS icon
180
The Mosaic Company
MOS
$7.76B
$936K 0.03%
26,993
-46,463
-63% -$1.6M
WIW
181
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$511M
$889K 0.02%
+100,000
New +$884K
CMPS
182
Compass Pathways
CMPS
$1.85B
$865K 0.02%
151,033
– –
EMF
183
Templeton Emerging Markets Fund
EMF
$333M
$751K 0.02%
44,869
– –
CRMLW icon
184
Critical Metals Corp Warrants
CRMLW
$22.6M
$668K 0.02%
317,899
-299,101
-48% -$473K
RDAGW
185
Republic Digital Acquisition Co Warrants
RDAGW
$5.25M
$636K 0.02%
949,999
– –
GRNT icon
186
Granite Ridge Resources
GRNT
$674M
$627K 0.02%
115,878
– –
BZAIW
187
Blaize Holdings Warrants
BZAIW
$4M
$615K 0.02%
989,878
-72,472
-7% -$39.2K
WENNW
188
Wen Acquisition Corp Warrant
WENNW
$564K 0.02%
+981,614
New +$628K
DYNCW
189
Dynamix Corp Warrant
DYNCW
$532K 0.01%
252,283
– –
NCV
190
Virtus Convertible & Income Fund
NCV
$377M
$484K 0.01%
32,244
– –
CMPOW
191
DELISTED
CompoSecure Inc Warrant
CMPOW
$482K 0.01%
37,753
-13,504
-26% -$127K
SVIIW
192
DELISTED
Spring Valley Acquisition Corp II Warrant
SVIIW
$464K 0.01%
349,998
– –
BACQR
193
DELISTED
Inflection Point Acquisition Corp IV Right
BACQR
$460K 0.01%
719,489
-425,349
-37% -$206K
RITM icon
194
Rithm Capital
RITM
$5.69B
$456K 0.01%
40,000
– –
CF icon
195
CF Industries
CF
$19.6B
$450K 0.01%
5,013
-751
-13% -$67K
LZM.WS icon
196
Lifezone Metals Ltd Warrants
LZM.WS
$34.8M
$422K 0.01%
733,811
-100
-0% -$43
EOSE icon
197
Eos Energy Enterprises
EOSE
$1.39B
$399K 0.01%
+35,000
New +$239K
EOSE icon
198
PUT
Eos Energy Enterprises
EOSE
$1.39B
$399K 0.01%
+35,000
New +$239K
OPFI.WS
199
DELISTED
OppFi Inc Warrants
OPFI.WS
$346K 0.01%
153,564
– –
BTMWW
200
DELISTED
Bitcoin Depot Inc Warrant
BTMWW
$337K 0.01%
1,357,795
-10,500
-0.8% -$4.06K
6 7
8
9 10

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Boaz Weinstein's Q3 2025 Portfolio in Review

As of Q3 2025, Boaz Weinstein held 376 positions worth $3.66B, down 14% from $4.26B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Boaz Weinstein withdrew a net $853M in Q3 2025, closing 47 positions and reducing 87 holdings. Its most notable exit was BlackRock Technology and Private Equity Term Trust, an estimated $445M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.4% of assets, up from 2.6% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Boaz Weinstein opened a new position in Royce Value Trust worth $22.6M.

  • Boaz Weinstein's largest Q3 2025 buy was Royce Value Trust: 1,404,173 shares worth $22.6M.
  • Boaz Weinstein added most to ASA Gold and Precious Metals in Q3 2025, an estimated $50.9M increase.
  • Boaz Weinstein's biggest Q3 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $101M.
  • Boaz Weinstein fully exited BlackRock Technology and Private Equity Term Trust in Q3 2025, selling an estimated $445M.
  • Boaz Weinstein's ten largest holdings make up 44% of its $3.66B portfolio in Q3 2025.
  • Boaz Weinstein opened 53 new positions and closed 47 in Q3 2025.
  • Boaz Weinstein's portfolio value fell 14% quarter-over-quarter to $3.66B.

Based on Saba Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.