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 |
Vanguard Total Bond Market
BND
|
+$17.3M |
| 2 |
CNX Resources
CNX
|
+$5.94M |
| 3 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$4.62M |
| 4 |
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
|
+$4.11M |
| 5 |
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
|
+$2.71M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$24.1M |
| 2 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$16.2M |
| 3 |
Vanguard Long-Term Corporate Bond ETF
VCLT
|
+$15.3M |
| 4 |
BTU
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
|
+$14.2M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$13.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 6.26% |
| 2 | Industrials | 2.95% |
| 3 | Energy | 2.17% |
| 4 | Materials | 1.74% |
| 5 | Consumer Discretionary | 1.69% |
Similar funds
Boaz Weinstein's Q4 2014 Portfolio in Review
As of Q4 2014, Boaz Weinstein held 204 positions worth $1.25B, down 29% from $1.77B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Boaz Weinstein withdrew a net $435M in Q4 2014, closing 56 positions and reducing 99 holdings. Its most notable exit was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $24.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 6.3% of assets, down from 8.2% a quarter earlier, followed by Industrials and Energy.
Against the trend, Boaz Weinstein opened a new position in Vanguard Total Bond Market worth $17.2M.
- Boaz Weinstein's largest Q4 2014 buy was Vanguard Total Bond Market: 209,205 shares worth $17.2M.
- Boaz Weinstein added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q4 2014, an estimated $4.62M increase.
- Boaz Weinstein's biggest Q4 2014 reduction was PEABODY ENERGY CORP COM STK NEW (DE), cutting an estimated $14.2M.
- Boaz Weinstein fully exited iShares 1-5 Year Investment Grade Corporate Bond ETF in Q4 2014, selling an estimated $24.1M.
- Boaz Weinstein's ten largest holdings make up 37% of its $1.25B portfolio in Q4 2014.
- Boaz Weinstein opened 20 new positions and closed 56 in Q4 2014.
- Boaz Weinstein's portfolio value fell 29% quarter-over-quarter to $1.25B.
Based on Saba Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.