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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
-2.81%
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
$1.8B
AUM Growth
+$523M
(+41%)
Cap. Flow
+$12M
Cap. Flow
% of AUM
0.66%
Top 10 Holdings %
Top 10 Hldgs %
53.23%
Holding
158
New
23
Increased
41
Reduced
39
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$68.1M |
| 2 |
EAD
Allspring Income Opportunities Fund
EAD
|
+$26.4M |
| 3 |
HIO
Western Asset High Income Opportunity Fund
HIO
|
+$24.1M |
| 4 |
Nuveen Credit Strategies Income Fund
JQC
|
+$22.8M |
| 5 |
BlackRock Corporate High Yield Fund
HYT
|
+$18.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DHG
Deutsche High Incm Opportunities
DHG
|
+$17M |
| 2 |
Liberty All-Star Equity Fund
USA
|
+$9.97M |
| 3 |
Tenet Healthcare
THC
|
+$9.64M |
| 4 |
ERC
Allspring Multi-Sector Income Fund
ERC
|
+$9.46M |
| 5 |
Cisco
CSCO
|
+$7.14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.67% |
| 2 | Technology | 2.66% |
| 3 | Energy | 0.92% |
| 4 | Financials | 0.88% |
| 5 | Consumer Staples | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $186M | 10.31% |
1,800,000
| – | – |
|
|
2
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $186M | 10.31% |
1,800,000
| – | – |
|
|
3
PUT
Cisco
CSCO
$438B
| $92.7M | 5.15% |
2,160,900
-167,800
| -7% | -$7.12M |
|
4
BlackRock Debt Strategies Fund
DSU
$592M
| $90.6M | 5.03% |
7,796,375
-322,613
| -4% | -$3.74M |
|
|
AOD
5
abrdn Total Dynamic Dividend Fund
AOD
$1.13B
| $84.3M | 4.68% |
9,427,725
+317,089
| +3% | +$3M |
|
|
TEI
6
Templeton Emerging Markets Income Fund
TEI
$324M
| $70.7M | 3.93% |
6,259,638
+1,470,736
| +31% | +$17.2M |
|
|
7
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $68.3M | 3.79% |
+661,508
| New | +$68.1M |
|
8
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $68M | 3.78% |
1,312,000
+12,000
| +0.9% | +$665K |
|
9
PUT
Bausch Health
BHC
$2.41B
| $63.2M | 3.51% |
3,972,200
+1,401,700
| +55% | +$26.1M |
|
10
PUT
MBIA
MBI
$250M
| $49.4M | 2.74% |
5,333,400
-2,824,400
| -35% | -$22.7M |
|
11
PUT
Oracle
ORCL
$422B
| $47.1M | 2.61% |
1,028,800
| – | – |
|
12
PUT
IBM
IBM
$222B
| $46M | 2.56% |
313,800
-89,433
| -22% | -$13.5M |
|
|
HIO
13
Western Asset High Income Opportunity Fund
HIO
$335M
| $38.9M | 2.16% |
8,082,341
+4,882,194
| +153% | +$24.1M |
|
|
EAD
14
Allspring Income Opportunities Fund
EAD
$375M
| $36.8M | 2.04% |
4,573,034
+3,216,639
| +237% | +$26.4M |
|
15
PUT
Intel
INTC
$476B
| $34M | 1.89% |
653,700
-355,400
| -35% | -$16.9M |
|
|
16
BlackRock Corporate High Yield Fund
HYT
$1.34B
| $31.6M | 1.76% |
2,987,005
+1,730,946
| +138% | +$18.6M |
|
17
PUT
Pitney Bowes
PBI
$2.26B
| $30M | 1.67% |
2,755,000
-500,000
| -15% | -$6.19M |
|
18
Community Health Systems
CYH
$424M
| $29.2M | 1.62% |
7,375,578
+547,371
| +8% | +$2.75M |
|
19
PUT
Tesla
TSLA
$1.43T
| $26.1M | 1.45% |
1,470,000
| – | – |
|
|
NFJ
20
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
| $24.9M | 1.38% |
1,963,872
+1,215,523
| +162% | +$16M |
|
|
21
Nuveen Credit Strategies Income Fund
JQC
$702M
| $23.3M | 1.29% |
2,934,462
+2,820,311
| +2,471% | +$22.8M |
|
|
DEX
22
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
| $22.1M | 1.23% |
1,907,485
+67,757
| +4% | +$821K |
|
|
GAM
23
General American Investors Company
GAM
$1.61B
| $21.2M | 1.18% |
632,876
| – | – |
|
|
24
Oracle
ORCL
$422B
| $19.5M | 1.08% |
425,635
+94,582
| +29% | +$4.7M |
|
|
HIX
25
Western Asset High Income Fund II
HIX
$355M
| $17.3M | 0.96% |
2,637,288
+1,854,808
| +237% | +$12.6M |
|
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Boaz Weinstein's Q1 2018 Portfolio in Review
As of Q1 2018, Boaz Weinstein held 158 positions worth $1.8B, up 41% from $1.28B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Boaz Weinstein's Q1 2018 filing shows 23 new, 41 increased, 39 reduced and 24 closed positions. Its largest new stake was iShares 7-10 Year Treasury Bond ETF: 661,508 shares worth $68.3M. The largest sale was Deutsche High Incm Opportunities, an estimated $17M.
By sector, the portfolio is most concentrated in Healthcare at 2.7% of assets, down from 4.1% a quarter earlier, followed by Technology and Energy.
- Boaz Weinstein's largest Q1 2018 buy was iShares 7-10 Year Treasury Bond ETF: 661,508 shares worth $68.3M.
- Boaz Weinstein added most to Allspring Income Opportunities Fund in Q1 2018, an estimated $26.4M increase.
- Boaz Weinstein's biggest Q1 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $9.97M.
- Boaz Weinstein fully exited Deutsche High Incm Opportunities in Q1 2018, selling an estimated $17M.
- Boaz Weinstein's ten largest holdings make up 53% of its $1.8B portfolio in Q1 2018.
- Boaz Weinstein opened 23 new positions and closed 24 in Q1 2018.
- Boaz Weinstein's portfolio value rose 41% quarter-over-quarter to $1.8B.
Based on Saba Capital Management's 13F filing for Q1 2018, filed 15 May 2018.