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Boaz Weinstein Saba Capital Management
AUM
$3.9B
Turnover
34.53%
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
+2.53%
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
$1.12B
AUM Growth
+$92.1M
(+9%)
Cap. Flow
-$22.3M
Cap. Flow % of AUM
Cap. Flow %
-1.99%
Top 10 Holdings %
Top 10 Hldgs %
44.27%
Holding
115
New
9
Increased
29
Reduced
36
Closed
18
Avg Time Held
Equity + Options
1.4
years
Top 10 Avg Time Held
Equity + Options
0.7
years
Top 20 Avg Time Held
Equity + Options
0.7
years
Avg Time Held Equity only
1.5
years
Top 10 Avg Time Held Equity only
1
year
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advent Convertible and Income Fund
AVK
|
+$15.2M |
| 2 |
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
|
+$9.6M |
| 3 |
MCR
MFS Charter Income Trust
MCR
|
+$9.02M |
| 4 |
Bausch Health
BHC
|
+$8.59M |
| 5 |
Community Health Systems
CYH
|
+$7.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
|
+$20.3M |
| 2 |
HYF
MANAGED HIGH YLD PLUS FD INC
HYF
|
+$11.1M |
| 3 |
GLOBAL HIGH INCOME FUND INC.
GHI
|
+$9.8M |
| 4 |
BlackRock Multi-Sector Income Trust
BIT
|
+$9.35M |
| 5 |
Western Asset High Yield Opportunity Fund Inc
HYI
|
+$7.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 95.07% |
| 2 | Financials | 1.92% |
| 3 | Healthcare | 1.53% |
| 4 | Consumer Discretionary | 0.61% |
| 5 | Energy | 0.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
BlackRock Debt Strategies Fund
DSU
$572M
| $83.8M | 7.5% |
7,915,664
+94,052
| +1% | +$993K |
2013 Q3
11 quarters
|
|
2
PUT
The Gap Inc
GAP
$7.81B
| $76.1M | 6.81% |
+3,588,500
| New | +$76.4M |
2016 Q2
0 quarters
|
|
3
Allspring Multi-Sector Income Fund
ERC
$244M
| $70.5M | 6.3% |
5,570,869
+566,783
| +11% | +$7M |
2013 Q4
10 quarters
|
|
4
Franklin Limited Duration Income Trust
FTF
$223M
| $46.8M | 4.18% |
4,032,465
+46,579
| +1% | +$537K |
2013 Q4
10 quarters
|
|
5
PUT
Transocean
RIG
$5.77B
| $43.4M | 3.88% |
3,650,200
-1,166,500
| -24% | -$11.9M |
2014 Q4
6 quarters
|
|
6
Blackstone Strategic Credit 2027 Term Fund
BGB
$498M
| $37.3M | 3.33% |
2,590,531
-14,169
| -0.5% | -$200K |
2013 Q4
10 quarters
|
|
|
7
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $36M | 3.22% |
1,883,389
-1,107,656
| -37% | -$20.3M |
2013 Q3
11 quarters
|
|
8
PUT
Western Digital
WDC
$108B
| $35.8M | 3.2% |
+1,001,511
| New | +$33M |
2016 Q2
0 quarters
|
|
9
PUT
DELISTED
Hess
HES
| $34.1M | 3.04% |
566,600
-156,500
| -22% | -$9.06M |
2016 Q1
1 quarter
|
|
|
10
Advent Convertible and Income Fund
AVK
$482M
| $31.3M | 2.8% |
2,303,724
+1,140,324
| +98% | +$15.2M |
2016 Q1
1 quarter
|
|
11
PUT
Micron Technology
MU
$830B
| $29.5M | 2.64% |
+2,142,500
| New | +$24.3M |
2016 Q2
0 quarters
|
|
|
QEP
12
PUT
DELISTED
QEP RESOURCES, INC.
QEP
| $29.5M | 2.63% |
1,671,200
+25,600
| +2% | +$442K |
2016 Q1
1 quarter
|
|
|
DHG
13
DELISTED
Deutsche High Incm Opportunities
DHG
| $27.4M | 2.45% |
2,017,035
+34,974
| +2% | +$472K |
2013 Q4
10 quarters
|
|
|
FSD
14
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
| $27.1M | 2.43% |
1,829,904
+650,759
| +55% | +$9.6M |
2013 Q3
11 quarters
|
|
|
MCR
15
DELISTED
MFS Charter Income Trust
MCR
| $26.7M | 2.39% |
3,155,231
+1,087,922
| +53% | +$9.02M |
2013 Q3
11 quarters
|
|
16
Franklin Premier Income Trust
PPT
$322M
| $24.6M | 2.2% |
5,240,766
-584,357
| -10% | -$2.76M |
2013 Q3
11 quarters
|
|
17
DELISTED
Western Asset Emerging Markets
EMD
| $24.5M | 2.19% |
2,263,146
+57,536
| +3% | +$604K |
2013 Q3
11 quarters
|
|
18
iShares China Large-Cap ETF
FXI
$3.97B
| $21.9M | 1.96% |
639,864
| – | – |
2015 Q3
3 quarters
|
|
|
AGC
19
DELISTED
Advent Claymore Conv Sec & Incme
AGC
| $21.2M | 1.9% |
3,842,289
+351,114
| +10% | +$1.95M |
2016 Q1
1 quarter
|
|
20
PUT
Canadian Natural Resources
CNQ
$97.8B
| $21.2M | 1.89% |
1,402,037
+33,280
| +2% | +$470K |
2016 Q1
1 quarter
|
|
21
Aberdeen Multi-Market Income Fund
MMT
$241M
| $19.9M | 1.78% |
821,111
-46,529
| -5% | -$1.1M |
2013 Q3
11 quarters
|
|
|
KHI
22
DELISTED
Deutsche High Income Trust
KHI
| $19.6M | 1.75% |
2,232,588
| – | – |
2013 Q3
11 quarters
|
|
23
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$358M
| $18.6M | 1.66% |
2,422,753
-28,117
| -1% | -$215K |
2013 Q3
11 quarters
|
|
24
UBS Asset Management Income Fund, Inc.
CIK
$131M
| $17.3M | 1.55% |
5,909,177
+348,052
| +6% | +$1.01M |
2013 Q4
10 quarters
|
|
|
KMM
25
DELISTED
Deutsche Multi-Market Incm Trust
KMM
| $16.9M | 1.51% |
2,074,166
-110,989
| -5% | -$904K |
2013 Q4
10 quarters
|
|
Similar funds
AC
Boaz Weinstein's Q2 2016 Portfolio in Review
As of Q2 2016, Boaz Weinstein held 115 positions worth $1.12B, up 9% from $1.03B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Boaz Weinstein's Q2 2016 filing shows 9 new, 29 increased, 36 reduced and 18 closed positions. Its largest new stake was California Resources Corporation: 417,845 shares worth $5.1M. The largest sale was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $20.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 95% of assets, up from 94% a quarter earlier, followed by Financials and Healthcare.
- Boaz Weinstein's largest Q2 2016 buy was California Resources Corporation: 417,845 shares worth $5.1M.
- Boaz Weinstein added most to Advent Convertible and Income Fund in Q2 2016, an estimated $15.2M increase.
- Boaz Weinstein's biggest Q2 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $20.3M.
- Boaz Weinstein fully exited MANAGED HIGH YLD PLUS FD INC in Q2 2016, selling an estimated $11.1M.
- Boaz Weinstein's ten largest holdings make up 44% of its $1.12B portfolio in Q2 2016.
- Boaz Weinstein opened 9 new positions and closed 18 in Q2 2016.
- Boaz Weinstein's portfolio value rose 9% quarter-over-quarter to $1.12B.
Based on Saba Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.