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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
-0.1%
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
$3.37B
AUM Growth
-$292M
Cap. Flow
-$275M
Cap. Flow %
-8.16%
Top 10 Hldgs %
47.48%
Holding
415
New
86
Increased
59
Reduced
59
Closed
65

Top Buys

Rank Stock Value
1
BPRE
Bluerock Private Real Estate Fund
BPRE
+$47.4M
2
ASA
ASA Gold and Precious Metals
ASA
+$37.3M
3
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$19.2M
4
NFJ
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
+$14.6M
5
RMT
Royce Micro-Cap Trust
RMT
+$12.5M

Top Sells

Rank Stock Value
1
EVM
Eaton Vance California Municipal Bond Fund
EVM
+$43.1M
2
ENX
Eaton Vance New York Municipal Bond Fund
ENX
+$38.4M
3
ADX icon
Adams Diversified Equity Fund
ADX
+$29.9M
4
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.5M
5
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$20.7M

Sector Composition

Rank Sector Weight
1 Financials 7.78%
2 Technology 2.83%
3 Communication Services 2.24%
4 Consumer Discretionary 2.07%
5 Industrials 1.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ECAT icon
1
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.52B
$405M 12.04%
26,336,257
-1,464,467
-5% -$23.5M
ASA
2
ASA Gold and Precious Metals
ASA
$1.19B
$322M 9.56%
5,391,713
+735,036
+16% +$37.3M
GDV icon
3
Gabelli Dividend & Income Trust
GDV
$2.66B
$160M 4.75%
5,751,258
-363,054
-6% -$9.84M
PDX
4
PIMCO Dynamic Income Strategy Fund
PDX
$970M
$128M 3.79%
6,796,130
-693,077
-9% -$15.2M
GAM
5
General American Investors Company
GAM
$1.61B
$123M 3.64%
2,085,885
+44,324
+2% +$2.69M
NFJ
6
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
$111M 3.31%
8,640,031
+1,132,073
+15% +$14.6M
NBXG
7
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.19B
$111M 3.3%
7,695,235
-26,169
-0.3% -$387K
BSTZ icon
8
BlackRock Science and Technology Term Trust
BSTZ
$2.1B
$103M 3.06%
4,557,491
+863,496
+23% +$19.2M
MEGI
9
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$784M
$77M 2.29%
5,593,758
-666,211
-11% -$9.44M
PEO
10
Adams Natural Resources Fund
PEO
$803M
$58.7M 1.74%
2,698,250
+10,926
+0.4% +$235K
TSLA icon
11
PUT
Tesla
TSLA
$1.43T
$50.9M 1.51%
113,100
+61,200
+118% +$27.1M
BPRE
12
Bluerock Private Real Estate Fund
BPRE
$46.1M 1.37%
+3,074,615
New +$47.4M
CRWD icon
13
PUT
CrowdStrike
CRWD
$195B
$41.3M 1.23%
352,800
+156,000
+79% +$19.9M
LEO
14
BNY Mellon Strategic Municipals
LEO
$384M
$38.6M 1.15%
6,076,820
+378,001
+7% +$2.37M
QCOM icon
15
PUT
Qualcomm
QCOM
$169B
$38.4M 1.14%
224,600
+3,600
+2% +$617K
NVDA icon
16
PUT
NVIDIA
NVDA
$5.2T
$38.4M 1.14%
205,900
-171,200
-45% -$31.9M
NQP
17
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$35.7M 1.06%
2,998,620
-1,720,246
-36% -$20.7M
HQL
18
abrdn Life Sciences Investors
HQL
$681M
$35.5M 1.06%
2,117,174
-469,478
-18% -$7.89M
MXF
19
Mexico Fund
MXF
$318M
$34.1M 1.01%
1,691,300
+413,606
+32% +$8.02M
AMD icon
20
PUT
Advanced Micro Devices
AMD
$773B
$33.8M 1%
157,900
-325,100
-67% -$73M
DSM
21
BNY Mellon Strategic Municipal Bond Fund
DSM
$287M
$32M 0.95%
5,179,441
+26,850
+0.5% +$161K
BOE icon
22
BlackRock Enhanced Global Dividend Trust
BOE
$689M
$29.9M 0.89%
2,555,063
+160,525
+7% +$1.86M
AFB
23
AllianceBernstein National Municipal Income Fund
AFB
$314M
$29.9M 0.89%
2,760,256
-321,043
-10% -$3.49M
BA icon
24
PUT
Boeing
BA
$169B
$29.6M 0.88%
136,500
-254,000
-65% -$52.2M
AAPL icon
25
PUT
Apple
AAPL
$4.51T
$28.4M 0.84%
+104,300
New +$28M
1
2 3 4 5

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Boaz Weinstein's Q4 2025 Portfolio in Review

As of Q4 2025, Boaz Weinstein held 415 positions worth $3.37B, down 8% from $3.66B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Boaz Weinstein withdrew a net $275M in Q4 2025, closing 65 positions and reducing 59 holdings. Its most notable exit was Eaton Vance California Municipal Bond Fund, an estimated $43.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, up from 4.4% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Boaz Weinstein opened a new position in Bluerock Private Real Estate Fund worth $46.1M.

  • Boaz Weinstein's largest Q4 2025 buy was Bluerock Private Real Estate Fund: 3,074,615 shares worth $46.1M.
  • Boaz Weinstein added most to ASA Gold and Precious Metals in Q4 2025, an estimated $37.3M increase.
  • Boaz Weinstein's biggest Q4 2025 reduction was BlackRock ESG Capital Allocation Term Trust, cutting an estimated $23.5M.
  • Boaz Weinstein fully exited Eaton Vance California Municipal Bond Fund in Q4 2025, selling an estimated $43.1M.
  • Boaz Weinstein's ten largest holdings make up 47% of its $3.37B portfolio in Q4 2025.
  • Boaz Weinstein opened 86 new positions and closed 65 in Q4 2025.
  • Boaz Weinstein's portfolio value fell 8% quarter-over-quarter to $3.37B.

Based on Saba Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.