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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
+2.73%
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
$811M
AUM Growth
–
Cap. Flow
+$796M
Cap. Flow
% of AUM
98.15%
Top 10 Holdings %
Top 10 Hldgs %
45.72%
Holding
88
New
88
Increased
–
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$36.6M |
| 2 |
General Motors
GM
|
+$28M |
| 3 |
Golar LNG
GLNG
|
+$24.6M |
| 4 |
MTCN
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
|
+$16.4M |
| 5 |
Teekay
TK
|
+$15M |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 9.92% |
| 2 | Consumer Discretionary | 8.13% |
| 3 | Technology | 4.52% |
| 4 | Healthcare | 3.63% |
| 5 | Communication Services | 2.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWC
1
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $56M | 6.91% |
+497,800
| New | +$48.1M |
|
|
X
2
PUT
DELISTED
US Steel
X
| $49.2M | 6.07% |
+2,807,200
| New | +$49.7M |
|
3
CALL
Pitney Bowes
PBI
$2.26B
| $44.6M | 5.5% |
+3,036,500
| New | +$44.8M |
|
4
PUT
SLM Corp
SLM
$4.97B
| $37.6M | 4.64% |
+4,601,311
| New | +$35.9M |
|
|
5
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.74B
| $35.4M | 4.36% |
+298,495
| New | +$36.6M |
|
6
CALL
Freeport-McMoran
FCX
$110B
| $33.4M | 4.12% |
+1,209,000
| New | +$36.9M |
|
|
SPLS
7
PUT
DELISTED
Staples Inc
SPLS
| $31.9M | 3.94% |
+2,012,200
| New | +$28.8M |
|
|
8
General Motors
GM
$77.2B
| $29.4M | 3.63% |
+883,721
| New | +$28M |
|
9
CALL
Lear
LEA
$8.56B
| $27.2M | 3.36% |
+450,000
| New | +$26M |
|
10
PUT
Goodyear
GT
$1.72B
| $26M | 3.21% |
+1,700,000
| New | +$23.2M |
|
11
PUT
MBIA
MBI
$250M
| $24.3M | 3% |
+1,825,000
| New | +$22.9M |
|
|
12
PUT
Lear
LEA
$8.56B
| $24.2M | 2.98% |
+400,000
| New | +$23.1M |
|
|
13
Golar LNG
GLNG
$5.31B
| $22.9M | 2.82% |
+716,758
| New | +$24.6M |
|
14
PUT
NRG Energy
NRG
$23.8B
| $20.3M | 2.51% |
+761,600
| New | +$20.5M |
|
|
15
Teekay
TK
$1.16B
| $16.5M | 2.04% |
+406,400
| New | +$15M |
|
|
MTCN
16
DELISTED
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
| $15M | 1.85% |
+800,000
| New | +$16.4M |
|
17
Genworth Financial
GNW
$3.73B
| $15M | 1.85% |
+1,313,658
| New | +$13.7M |
|
18
CALL
Quest Diagnostics
DGX
$27B
| $14.2M | 1.76% |
+234,700
| New | +$14M |
|
|
TWC
19
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $12.7M | 1.56% |
+112,600
| New | +$10.9M |
|
|
ENLC
20
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $12.6M | 1.55% |
+635,717
| New | +$12.2M |
|
21
Apple
AAPL
$4.51T
| $12.1M | 1.49% |
+850,920
| New | +$13.1M |
|
|
RAD
22
DELISTED
Rite Aid Corporation
RAD
| $12M | 1.48% |
+209,197
| New | +$10.9M |
|
23
Stanley Black & Decker
SWK
$15.1B
| $11.8M | 1.45% |
+152,303
| New | +$11.9M |
|
|
WFT
24
DELISTED
Weatherford International plc
WFT
| $11.5M | 1.41% |
+836,808
| New | +$11.1M |
|
|
VXX
25
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $10.6M | 1.3% |
+7,978
| New | +$9.99M |
|
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Boaz Weinstein's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Boaz Weinstein, which disclosed 88 positions worth $811M. Its ten largest holdings account for 46% of the portfolio.
Its largest position is State Street SPDR Bloomberg High Yield Bond ETF: 298,495 shares worth $35.4M.
By sector, the portfolio is most concentrated in Energy at 9.9% of assets, followed by Consumer Discretionary and Technology.
- Boaz Weinstein's largest Q2 2013 buy was State Street SPDR Bloomberg High Yield Bond ETF: 298,495 shares worth $35.4M.
- Boaz Weinstein's ten largest holdings make up 46% of its $811M portfolio in Q2 2013.
- Boaz Weinstein disclosed 88 positions in Q2 2013, its first 13F filing on record.
Based on Saba Capital Management's 13F filing for Q2 2013, filed 14 Aug 2013.