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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
+1.88%
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
$1.77B
AUM Growth
+$52.4M
Cap. Flow
+$22.1M
Cap. Flow %
1.25%
Top 10 Hldgs %
34.58%
Holding
253
New
52
Increased
82
Reduced
55
Closed
46

Top Buys

Rank Stock Value
1
VCSH icon
Vanguard Short-Term Corporate Bond ETF
VCSH
+$34.1M
2
KBH icon
KB Home
KBH
+$28.3M
3
DSU icon
BlackRock Debt Strategies Fund
DSU
+$24M
4
FST
FOREST OIL CORPORATION
FST
+$23.2M
5
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$19.4M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$101M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$36.9M
3
GM icon
General Motors
GM
+$26.3M
4
FLOT icon
iShares Floating Rate Bond ETF
FLOT
+$24.1M
5
FSL
FREESCALE SEMICONDUCTOR LTD
FSL
+$19.1M

Sector Composition

Rank Sector Weight
1 Financials 8.61%
2 Consumer Discretionary 5.64%
3 Energy 3.35%
4 Industrials 2.29%
5 Materials 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ANR
201
DELISTED
Alpha Natural Resources Inc
ANR
$235K 0.01%
+55,263
New +$296K
PFIG icon
202
Invesco Fundamental Investment Grade Corporate Bond ETF
PFIG
$119M
$234K 0.01%
+9,295
New +$234K
AGC
203
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$231K 0.01%
30,609
-1,700
-5% -$12.9K
CSI
204
DELISTED
Cutwater Select Income Fund
CSI
$201K 0.01%
10,337
-43,548
-81% -$812K
BIOA.WS
205
DELISTED
BioAmber Inc.
BIOA.WS
$162K 0.01%
75,990
-52,460
-41% -$122K
ECF
206
Ellsworth Growth & Income Fund
ECF
$171M
$111K 0.01%
12,860
– –
CYHHZ
207
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$48K ﹤0.01%
+795,108
New +$44.1K
AA icon
208
Alcoa
AA
$13.7B
– –
-101,873
Closed -$2.83M
AA icon
209
PUT
Alcoa
AA
$13.7B
– –
-10,362
Closed -$265K
ACP
210
abrdn Income Credit Strategies Fund
ACP
$639M
– –
-91,113
Closed -$1.55M
AGD
211
abrdn Global Dynamic Dividend Fund
AGD
$325M
– –
-6,800
Closed -$69K
AGNC icon
212
CALL
AGNC Investment
AGNC
$12.9B
– –
-500,000
Closed -$9.64M
ARR
213
Armour Residential REIT
ARR
$2.31B
– –
-5,784
Closed -$928K
BGH
214
Barings Global Short Duration High Yield Fund
BGH
$282M
– –
-45,386
Closed -$1.05M
BGT icon
215
BlackRock Floating Rate Income Trust
BGT
$324M
– –
-11,600
Closed -$162K
BIV icon
216
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
– –
-34,169
Closed -$2.79M
BLV icon
217
Vanguard Long-Term Bond ETF
BLV
$5.7B
– –
-37,616
Closed -$3.08M
CHW
218
Calamos Global Dynamic Income Fund
CHW
$546M
– –
-111,742
Closed -$1M
CHY
219
Calamos Convertible and High Income Fund
CHY
$1.05B
– –
-25,961
Closed -$336K
DAL icon
220
PUT
Delta Air Lines
DAL
$54.2B
– –
-500,000
Closed -$13.7M
DGX icon
221
CALL
Quest Diagnostics
DGX
$27B
– –
-501,800
Closed -$26.9M
GLNG icon
222
CALL
Golar LNG
GLNG
$5.31B
– –
-418,100
Closed -$15.2M
HLF icon
223
PUT
Herbalife
HLF
$1.33B
– –
-22,600
Closed -$889K
HYG icon
224
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
– –
-1,082,980
Closed -$101M
IVR icon
225
Invesco Mortgage Capital
IVR
$809M
– –
-1,597
Closed -$234K
7 8
9
10 11

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Boaz Weinstein's Q1 2014 Portfolio in Review

As of Q1 2014, Boaz Weinstein held 253 positions worth $1.77B, up 3% from $1.72B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Boaz Weinstein's Q1 2014 filing shows 52 new, 82 increased, 55 reduced and 46 closed positions. Its largest new stake was Vanguard Short-Term Corporate Bond ETF: 426,186 shares worth $34.1M. The largest sale was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $101M.

By sector, the portfolio is most concentrated in Financials at 8.6% of assets, up from 6.9% a quarter earlier, followed by Consumer Discretionary and Energy.

  • Boaz Weinstein's largest Q1 2014 buy was Vanguard Short-Term Corporate Bond ETF: 426,186 shares worth $34.1M.
  • Boaz Weinstein added most to KB Home in Q1 2014, an estimated $28.3M increase.
  • Boaz Weinstein's biggest Q1 2014 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $36.9M.
  • Boaz Weinstein fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2014, selling an estimated $101M.
  • Boaz Weinstein's ten largest holdings make up 35% of its $1.77B portfolio in Q1 2014.
  • Boaz Weinstein opened 52 new positions and closed 46 in Q1 2014.
  • Boaz Weinstein's portfolio value rose 3% quarter-over-quarter to $1.77B.

Based on Saba Capital Management's 13F filing for Q1 2014, filed 15 May 2014.