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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
-0.65%
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
$4.09B
AUM Growth
+$599M
Cap. Flow
+$650M
Cap. Flow %
15.88%
Top 10 Hldgs %
28.21%
Holding
583
New
146
Increased
196
Reduced
50
Closed
61

Top Buys

Rank Stock Value
1
MUDS
Mudrick Capital Acquisition Corporation II Class A Common Stock
MUDS
+$25.6M
2
DWACU
Digital World Acquisition Corp. Units
DWACU
+$24.4M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$22.8M
4
GIW
GigInternational1, Inc. Common Stock
GIW
+$17.2M
5
ARTEU
Artemis Strategic Investment Corporation Unit
ARTEU
+$14.8M

Top Sells

Rank Stock Value
1
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$89.5M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$69.3M
3
EVF
Eaton Vance Senior Income Trust
EVF
+$54.7M
4
EFR
Eaton Vance Senior Floating-Rate Fund
EFR
+$49.5M
5
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$24.7M

Sector Composition

Rank Sector Weight
1 Financials 33.3%
2 Healthcare 4.08%
3 Industrials 3.82%
4 Technology 3.72%
5 Consumer Discretionary 3.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
1
PUT
Invesco QQQ Trust
QQQ
$486B
$161M 3.94%
+450,000
New +$166M
SABA
2
Saba Capital Income & Opportunities Fund II
SABA
$219M
$160M 3.9%
14,837,089
+2,074,734
+16% +$22.8M
TDG icon
3
PUT
TransDigm Group
TDG
$66.4B
$148M 3.61%
236,500
+63,400
+37% +$39.6M
AAL icon
4
PUT
American Airlines Group
AAL
$9.15B
$123M 3.01%
5,990,800
+5,930,800
+9,885% +$120M
VTA
5
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$119M 2.9%
10,133,445
+20
+0% +$234
PFSI icon
6
PUT
PennyMac Financial
PFSI
$3.9B
$117M 2.85%
+1,907,700
New +$121M
HYG icon
7
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$96.2M 2.35%
1,100,000
-1,500,000
-58% -$132M
POST icon
8
PUT
Post Holdings
POST
$3.65B
$89.1M 2.18%
1,235,388
-320,880
-21% -$22.8M
UBER icon
9
PUT
Uber
UBER
$161B
$78.4M 1.92%
1,748,900
-122,200
-7% -$5.34M
CCL icon
10
PUT
Carnival Corporation Ltd
CCL
$35.2B
$64M 1.56%
2,558,700
+1,853,700
+263% +$43.1M
VVR icon
11
Invesco Senior Income Trust
VVR
$454M
$61.9M 1.51%
13,910,709
-262,771
-2% -$1.14M
BRW
12
Saba Capital Income & Opportunities Fund
BRW
$327M
$50.1M 1.22%
5,504,680
-7,545,318
-58% -$69.3M
AUR icon
13
Aurora
AUR
$12.5B
$37.5M 0.92%
3,780,810
-100,604
-3% -$995K
SOR
14
Source Capital
SOR
$385M
$36.4M 0.89%
814,742
– –
SAFE
15
PUT
Safehold
SAFE
$1.09B
$34.4M 0.84%
281,761
+883
+0.3% +$106K
FVIV
16
DELISTED
Fortress Value Acquisition Corp. IV
FVIV
$29.3M 0.72%
3,006,844
– –
HIE
17
DELISTED
Miller/Howard High Income Equity Fund
HIE
$28.5M 0.7%
2,892,877
– –
DWACU
18
DELISTED
Digital World Acquisition Corp. Units
DWACU
$24.6M 0.6%
+2,425,000
New +$24.4M
MUDS
19
DELISTED
Mudrick Capital Acquisition Corporation II Class A Common Stock
MUDS
$24.3M 0.59%
+2,440,841
New +$25.6M
DAL icon
20
PUT
Delta Air Lines
DAL
$54.2B
$22.9M 0.56%
537,200
+4,800
+0.9% +$196K
CXAI icon
21
CXApp
CXAI
$9M
$20.7M 0.51%
41,677
+9,384
+29% +$4.64M
BGB
22
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
$20.4M 0.5%
1,474,686
-416,298
-22% -$5.78M
SYM icon
23
Symbotic
SYM
$5.43B
$19.9M 0.49%
2,022,419
+233,227
+13% +$2.29M
SVFB
24
DELISTED
SVF Investment Corp. 2 Class A Ordinary Shares
SVFB
$19.5M 0.48%
1,987,018
+1,202,475
+153% +$11.8M
ETAC
25
DELISTED
E.Merge Technology Acquisition Corp. Class A Common Stock
ETAC
$19.4M 0.47%
1,973,847
+795,557
+68% +$7.77M
1
2 3 4 5

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Boaz Weinstein's Q3 2021 Portfolio in Review

As of Q3 2021, Boaz Weinstein held 583 positions worth $4.09B, up 17% from $3.49B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Boaz Weinstein deployed $650M of net new capital in Q3 2021, opening 146 new positions and adding to 196 existing holdings. Its largest new stake was Mudrick Capital Acquisition Corporation II Class A Common Stock: 2,440,841 shares worth $24.3M.

By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 27% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund, an estimated $69.3M trimmed.

  • Boaz Weinstein's largest Q3 2021 buy was Mudrick Capital Acquisition Corporation II Class A Common Stock: 2,440,841 shares worth $24.3M.
  • Boaz Weinstein added most to Saba Capital Income & Opportunities Fund II in Q3 2021, an estimated $22.8M increase.
  • Boaz Weinstein's biggest Q3 2021 reduction was Saba Capital Income & Opportunities Fund, cutting an estimated $69.3M.
  • Boaz Weinstein fully exited Eaton Vance Floating-Rate Income Trust in Q3 2021, selling an estimated $89.5M.
  • Boaz Weinstein's ten largest holdings make up 28% of its $4.09B portfolio in Q3 2021.
  • Boaz Weinstein opened 146 new positions and closed 61 in Q3 2021.
  • Boaz Weinstein's portfolio value rose 17% quarter-over-quarter to $4.09B.

Based on Saba Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.