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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
-0.27%
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
$8.87B
AUM Growth
+$298M
Cap. Flow
+$430M
Cap. Flow %
4.85%
Top 10 Hldgs %
13.38%
Holding
1,213
New
107
Increased
288
Reduced
64
Closed
88

Top Buys

Rank Stock Value
1
SPEC
Spectaire Holdings, Inc. Common Stock
SPEC
+$39.5M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$37.4M
3
EMO
ClearBridge Energy Midstream Opportunity Fund
EMO
+$21.3M
4
NML
Neuberger Energy Infrastructure and Income Fund Inc
NML
+$18.1M
5
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$17.7M

Top Sells

Rank Stock Value
1
ASZ
Austerlitz Acquisition Corporation II
ASZ
+$45.2M
2
SMM
Salient Midstream & MLP Fund
SMM
+$31.9M
3
FOUN
Founder SPAC Class A Ordinary Shares
FOUN
+$27.4M
4
MUDS
Mudrick Capital Acquisition Corporation II Class A Common Stock
MUDS
+$25.4M
5
BOAC
Bluescape Opportunities Acquisition Corp.
BOAC
+$20.9M

Sector Composition

Rank Sector Weight
1 Financials 56.85%
2 Technology 5.64%
3 Healthcare 3.99%
4 Industrials 3.92%
5 Consumer Discretionary 1.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAL icon
1
PUT
American Airlines Group
AAL
$9.15B
$244M 2.75%
20,228,900
+792,700
+4% +$11.1M
TDG icon
2
PUT
TransDigm Group
TDG
$66.4B
$191M 2.16%
364,400
+83,800
+30% +$50M
SABA
3
Saba Capital Income & Opportunities Fund II
SABA
$219M
$151M 1.7%
18,512,767
+1,951,582
+12% +$17.7M
POST icon
4
PUT
Post Holdings
POST
$3.65B
$140M 1.57%
1,704,800
-124,000
-7% -$10.7M
COOP
5
PUT
DELISTED
Mr. Cooper
COOP
$113M 1.27%
2,790,300
+149,900
+6% +$6.34M
NRG icon
6
PUT
NRG Energy
NRG
$23.8B
$112M 1.26%
2,927,500
-169,300
-5% -$6.75M
PFSI icon
7
PUT
PennyMac Financial
PFSI
$3.9B
$85.8M 0.97%
2,000,900
+65,500
+3% +$3.42M
KAHC
8
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
$57.1M 0.64%
5,801,980
+172,529
+3% +$1.69M
ADI icon
9
PUT
Analog Devices
ADI
$182B
$48.8M 0.55%
350,000
+100,000
+40% +$15.8M
ECAT icon
10
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.52B
$44.9M 0.51%
3,502,627
+2,587,130
+283% +$37.4M
HERA
11
DELISTED
FTAC Hera Acquisition Corp. Class A Ordinary Shares
HERA
$44.6M 0.5%
4,496,658
– –
GSEV
12
DELISTED
Gores Holdings VII, Inc. Class A Common Stock
GSEV
$43.4M 0.49%
4,396,978
+557,433
+15% +$5.48M
BAX icon
13
PUT
Baxter International
BAX
$13.6B
$40.4M 0.46%
+750,000
New +$45.1M
EPHY
14
DELISTED
Epiphany Technology Acquisition Corp. Class A Common Stock
EPHY
$39.2M 0.44%
3,971,205
+166,666
+4% +$1.64M
NSTB
15
DELISTED
Northern Star Investment Corp. II
NSTB
$37.6M 0.42%
3,806,157
– –
VFL
16
DELISTED
abrdn National Municipal Income Fund
VFL
$37.2M 0.42%
3,413,649
– –
CSCO icon
17
PUT
Cisco
CSCO
$438B
$36M 0.41%
900,000
– –
ZING
18
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
$35.9M 0.4%
3,570,365
-200,100
-5% -$1.98M
BCSA
19
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
$35.8M 0.4%
3,545,544
– –
BSX icon
20
PUT
Boston Scientific
BSX
$73B
$35.2M 0.4%
910,000
+410,000
+82% +$16.4M
XOM icon
21
PUT
ExxonMobil
XOM
$679B
$34.9M 0.39%
400,000
– –
FVIV
22
DELISTED
Fortress Value Acquisition Corp. IV
FVIV
$34.5M 0.39%
3,510,417
– –
NML
23
Neuberger Energy Infrastructure and Income Fund Inc
NML
$597M
$34.3M 0.39%
5,607,024
+2,689,967
+92% +$18.1M
BRW
24
Saba Capital Income & Opportunities Fund
BRW
$327M
$34.1M 0.38%
4,312,473
-194,491
-4% -$1.59M
FSNB
25
DELISTED
Fusion Acquisition Corp. II
FSNB
$34.1M 0.38%
3,461,326
+356,527
+11% +$3.5M
1
2 3 4 5

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Boaz Weinstein's Q3 2022 Portfolio in Review

As of Q3 2022, Boaz Weinstein held 1,213 positions worth $8.87B, up 3.5% from $8.57B the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Boaz Weinstein deployed $430M of net new capital in Q3 2022, opening 107 new positions and adding to 288 existing holdings. Its largest new stake was Investcorp India Acquisition Corp: 1,450,000 shares worth $14.6M.

By sector, the portfolio is most concentrated in Financials at 57% of assets, down from 58% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was GigInternational1, Inc. Common Stock, an estimated $13.7M trimmed.

  • Boaz Weinstein's largest Q3 2022 buy was Investcorp India Acquisition Corp: 1,450,000 shares worth $14.6M.
  • Boaz Weinstein added most to Spectaire Holdings, Inc. Common Stock in Q3 2022, an estimated $39.5M increase.
  • Boaz Weinstein's biggest Q3 2022 reduction was GigInternational1, Inc. Common Stock, cutting an estimated $13.7M.
  • Boaz Weinstein fully exited Austerlitz Acquisition Corporation II in Q3 2022, selling an estimated $45.2M.
  • Boaz Weinstein's ten largest holdings make up 13% of its $8.87B portfolio in Q3 2022.
  • Boaz Weinstein opened 107 new positions and closed 88 in Q3 2022.
  • Boaz Weinstein's portfolio value rose 3.5% quarter-over-quarter to $8.87B.

Based on Saba Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.