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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
-3.87%
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
$999M
AUM Growth
+$41.8M
Cap. Flow
+$115M
Cap. Flow %
11.48%
Top 10 Hldgs %
43.46%
Holding
163
New
31
Increased
35
Reduced
47
Closed
40

Top Buys

Rank Stock Value
1
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$14.9M
2
DSU icon
BlackRock Debt Strategies Fund
DSU
+$11.7M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$10.7M
4
DHG
Deutsche High Incm Opportunities
DHG
+$6.44M
5
AWF
AllianceBernstein Global High Income Fund
AWF
+$5.13M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$25.3M
2
BND icon
Vanguard Total Bond Market
BND
+$21.2M
3
PPT
Franklin Premier Income Trust
PPT
+$13.1M
4
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$11.8M
5
TLM
TALISMAN ENERGY INC
TLM
+$11.3M

Sector Composition

Rank Sector Weight
1 Financials 6.54%
2 Energy 1.22%
3 Real Estate 0.97%
4 Industrials 0.88%
5 Consumer Discretionary 0.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HYT icon
1
BlackRock Corporate High Yield Fund
HYT
$1.34B
$68.3M 6.84%
6,330,910
+196,868
+3% +$2.21M
X
2
PUT
DELISTED
US Steel
X
$65M 6.5%
3,151,400
+2,596,700
+468% +$63.7M
DSU icon
3
BlackRock Debt Strategies Fund
DSU
$592M
$59.8M 5.98%
5,503,186
+1,047,123
+23% +$11.7M
RIG icon
4
PUT
Transocean
RIG
$6.61B
$53.2M 5.32%
3,300,400
+545,700
+20% +$9.83M
BGB
5
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
$37.5M 3.75%
2,396,857
+914,882
+62% +$14.9M
PCI
6
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$33.5M 3.35%
1,659,015
+515,199
+45% +$10.7M
GM icon
7
CALL
General Motors
GM
$77.2B
$33.3M 3.34%
+1,000,000
New +$35.7M
FTR
8
PUT
DELISTED
Frontier Communications Corp.
FTR
$32.1M 3.21%
+432,107
New +$38.5M
CNX icon
9
PUT
CNX Resources
CNX
$5.38B
$26.8M 2.68%
1,479,360
+895,920
+154% +$21.4M
EDD
10
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$24.9M 2.49%
2,881,756
+242,994
+9% +$2.26M
LUMN icon
11
PUT
Lumen
LUMN
$6.13B
$23.4M 2.34%
+796,400
New +$27.1M
ERC
12
Allspring Multi-Sector Income Fund
ERC
$261M
$22.1M 2.21%
1,745,895
+317,197
+22% +$4.21M
AGG icon
13
iShares Core US Aggregate Bond ETF
AGG
$138B
$22M 2.21%
202,619
-230,132
-53% -$25.3M
DHG
14
DELISTED
Deutsche High Incm Opportunities
DHG
$21.7M 2.17%
1,484,594
+439,376
+42% +$6.44M
MHY
15
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
$21.6M 2.17%
4,380,705
+464,507
+12% +$2.38M
BIT icon
16
BlackRock Multi-Sector Income Trust
BIT
$681M
$21.3M 2.13%
1,284,616
-138,540
-10% -$2.4M
HYI
17
Western Asset High Yield Opportunity Fund Inc
HYI
$134M
$20.3M 2.03%
1,316,128
-3,447
-0.3% -$55.9K
EAD
18
Allspring Income Opportunities Fund
EAD
$375M
$20.2M 2.02%
2,441,012
-126,453
-5% -$1.11M
HIO
19
Western Asset High Income Opportunity Fund
HIO
$335M
$16.8M 1.68%
3,264,869
+944,310
+41% +$5.03M
GHI
20
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
$16M 1.6%
1,884,471
+737
+0% +$6.49K
EMD
21
DELISTED
Western Asset Emerging Markets
EMD
$15.9M 1.59%
1,485,149
+75,199
+5% +$839K
JLS icon
22
Nuveen Mortgage and Income Fund
JLS
$92.3M
$15.5M 1.55%
682,186
-46,709
-6% -$1.07M
FTF
23
Franklin Limited Duration Income Trust
FTF
$234M
$13.3M 1.33%
1,140,936
+29,198
+3% +$355K
NHS
24
Neuberger High Yield Strategies Fund Inc
NHS
$249M
$13.2M 1.32%
1,119,324
+266,455
+31% +$3.27M
KHI
25
DELISTED
Deutsche High Income Trust
KHI
$12.8M 1.28%
1,504,311
+47,124
+3% +$418K
1
2 3 4 5

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Boaz Weinstein's Q2 2015 Portfolio in Review

As of Q2 2015, Boaz Weinstein held 163 positions worth $999M, up 4.4% from $958M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Boaz Weinstein deployed $115M of net new capital in Q2 2015, opening 31 new positions and adding to 35 existing holdings. Its largest new stake was AllianceBernstein Global High Income Fund: 415,043 shares worth $4.99M.

By sector, the portfolio is most concentrated in Financials at 6.5% of assets, down from 6.7% a quarter earlier, followed by Energy and Real Estate.

On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $25.3M trimmed.

  • Boaz Weinstein's largest Q2 2015 buy was AllianceBernstein Global High Income Fund: 415,043 shares worth $4.99M.
  • Boaz Weinstein added most to Blackstone Strategic Credit 2027 Term Fund in Q2 2015, an estimated $14.9M increase.
  • Boaz Weinstein's biggest Q2 2015 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $25.3M.
  • Boaz Weinstein fully exited TALISMAN ENERGY INC in Q2 2015, selling an estimated $11.3M.
  • Boaz Weinstein's ten largest holdings make up 43% of its $999M portfolio in Q2 2015.
  • Boaz Weinstein opened 31 new positions and closed 40 in Q2 2015.
  • Boaz Weinstein's portfolio value rose 4.4% quarter-over-quarter to $999M.

Based on Saba Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.