Relative Value Partners Group, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 12, 2024), Relative Value Partners Group, LLC reported 319 stock positions worth $768.6 million. Its top holding was Apple (AAPL) at 6.0% of the portfolio, followed by Nvidia (NVDA, 5.9%) and Vanguard Mrngstr Val ETF-Aui (VTV, 4.0%). Compared with Q1 2024, it opened 226 new positions, sold out of 188, added to 56 and reduced 37. The biggest buy was Nvidia (NVDA, shares +2448%) and the biggest sale an exit from iShares S&P 100 ETF (OEF).
- Most Recent 13F
- Q2 2024
- Location
- NORTHBROOK, IL
- CIK
- 0001649910
- Portfolio Value
- $768.6M (Q2 2024)
- SEC Filing
- 0001649910-24-000013 ↗ filed Jul 12, 2024
Holdings Value
Holdings 319 stocks · $768.6M
| AAPL Apple Inc. | 5.97% | 217,793 | $45.9M | Add +530.0% |
| NVDA Nvidia Corp. | 5.86% | 364,293 | $45.0M | Add +2447.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.98% | 190,833 | $30.6M | Reduce -69.9% |
| MSFT Microsoft Corp. | 3.43% | 59,032 | $26.4M | Add +190.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.16% | 64,958 | $24.3M | New |
| QQQ Invesco QQQ Trust Series 1 | 2.60% | 41,746 | $20.0M | New |
| AMZN Amazon.com Inc. | 2.23% | 88,623 | $17.1M | Add +491.3% |
| GOOG Alphabet Inc. Class C | 2.08% | 87,086 | $16.0M | Add +509.2% |
| META Meta Platforms Inc. Class A | 1.72% | 26,244 | $13.2M | Add +541.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.57% | 22,147 | $12.1M | Add +23.6% |
| FTSM First Trust Enh Short Mat FD | 1.43% | 184,534 | $11.0M | New |
| DLN Wisdomtree US Largecap Divid | 1.34% | 141,082 | $10.3M | New |
| DXJ Wisdomtree Japan Hedged Eq | 1.23% | 83,697 | $9.4M | New |
| JPM JPMorgan Chase & Co. | 1.21% | 45,966 | $9.3M | Add +342.6% |
| UBER Uber Technologies Inc. | 1.12% | 118,513 | $8.6M | Add +2567.4% |
| COST Costco Wholesale Corp. | 1.10% | 9,986 | $8.5M | Add +1467.7% |
| BAR Graniteshares Gold Trust | 1.09% | 365,555 | $8.4M | New |
| GOOGL Alphabet Inc. Class A | 1.02% | 42,968 | $7.8M | Add +158.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.00% | 129,546 | $7.7M | New |
| LLY Eli Lilly & Co. | 0.98% | 8,287 | $7.5M | Add +369.0% |
| JEPI JPMorgan Equity Premium Inco | 0.98% | 132,292 | $7.5M | New |
| IJH iShares Core S&P Midcap ETF | 0.93% | 122,197 | $7.2M | Add +219.5% |
| IVV iShares Core S&P 500 ETF | 0.90% | 12,602 | $6.9M | Reduce -89.9% |
| XOM Exxon Mobil Corp. | 0.88% | 58,919 | $6.8M | Add +272.4% |
| XPHDX Pioneer Floating Rate Fund | 0.84% | 665,600 | $6.4M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.83% | 16,677 | $6.4M | New |
| FTSL First Trust Senior Loan ETF | 0.81% | 135,934 | $6.2M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.78% | 14,728 | $6.0M | Add +127.8% |
| MA Mastercard Inc. Class A | 0.71% | 12,360 | $5.5M | Add +900.0% |
| IJS iShares S&P Small-Cap 600 Va | 0.69% | 54,892 | $5.3M | Reduce -51.4% |
| VGK Vanguard Ftse Europe ETF | 0.67% | 77,457 | $5.2M | New |
| ABBV Abbvie Inc. | 0.66% | 29,525 | $5.1M | Add +186.7% |
| PANW Palo Alto Networks Inc. | 0.65% | 14,836 | $5.0M | New |
| ET Energy Transfer LP | 0.65% | 305,942 | $5.0M | New |
| VZ Verizon Communications Inc. | 0.65% | 120,289 | $5.0M | Add +1184.3% |
| VOO Vanguard S&P 500 ETF | 0.64% | 9,763 | $4.9M | Add +868.5% |
| RQI Cohen & Steers Qual Inc. RLTY | 0.63% | 412,875 | $4.8M | New |
| BX Blackstone Inc. | 0.62% | 38,584 | $4.8M | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.62% | 85,981 | $4.8M | New |
| V Visa Inc. Class A | 0.61% | 18,005 | $4.7M | Add +949.2% |
| RSP Invesco S&P 500 Equal Weight | 0.61% | 28,596 | $4.7M | New |
| FMB First Trust Managed Municipa | 0.61% | 91,700 | $4.7M | New |
| GS Goldman Sachs Group Inc. | 0.60% | 10,251 | $4.6M | Add +604.5% |
| HYLB Xtrackers Usd High Yield Cor | 0.59% | 127,367 | $4.5M | New |
| AGG iShares Core U.S. Aggregate | 0.59% | 46,327 | $4.5M | New |
| HYT BlackRock Corp. Hi YLD | 0.55% | 434,500 | $4.2M | New |
| JNJ Johnson & Johnson | 0.53% | 28,100 | $4.1M | Add +363.1% |
| ADBE Adobe Inc. | 0.53% | 7,384 | $4.1M | Add +1240.1% |
| FDX FedEx Corp. | 0.53% | 13,480 | $4.0M | New |
| AVGO Broadcom Inc. | 0.52% | 2,501 | $4.0M | Add +318.2% |
| CAT Caterpillar Inc. | 0.48% | 11,077 | $3.7M | Add +1047.9% |
| ALL Allstate Corp. | 0.48% | 22,984 | $3.7M | New |
| COMB Graniteshares Bcom Broad STR | 0.47% | 176,261 | $3.6M | New |
| LNG Cheniere Energy Inc. | 0.46% | 20,156 | $3.5M | New |
| IJT iShares S&P Small-Cap 600 GR | 0.46% | 27,284 | $3.5M | New |
| BBUS JPMorgan Betabuilders US Equ | 0.45% | 35,501 | $3.5M | New |
| MRK Merck & Co. Inc. | 0.45% | 27,966 | $3.5M | Add +187.7% |
| EOG EOG Resources Inc. | 0.43% | 26,136 | $3.3M | New |
| NOC Northrop Grumman Corp. | 0.42% | 7,451 | $3.2M | New |
| ULTA Ulta Beauty Inc. | 0.42% | 8,377 | $3.2M | Add +1880.4% |
| AMD Advanced Micro Devices | 0.41% | 19,427 | $3.2M | New |
| HD Home Depot Inc. | 0.41% | 9,137 | $3.1M | Add +354.8% |
| AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC | 0.40% | 107,110 | $3.1M | New |
| AXON Axon Enterprise Inc. | 0.40% | 10,469 | $3.1M | New |
| GLD SPDR Gold Shares | 0.40% | 14,121 | $3.0M | Add +390.1% |
| CMCSA Comcast Corp. Class A | 0.39% | 77,463 | $3.0M | Add +772.3% |
| ANET Arista Networks Inc. | 0.39% | 8,557 | $3.0M | New |
| TDTT NT Iboxx 3Y Dur Tips ETF | 0.39% | 126,632 | $3.0M | New |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.39% | 30,360 | $3.0M | New |
| MCHI iShares MSCI China ETF | 0.37% | 67,975 | $2.9M | New |
| FCX Freeport-McMoran Inc. | 0.37% | 58,902 | $2.9M | New |
| CRM Salesforce Inc. | 0.37% | 11,022 | $2.8M | Add +302.0% |
| CVX Chevron Corp. | 0.37% | 17,982 | $2.8M | Add +62.1% |
| MCD McDonald's Corp. | 0.36% | 10,974 | $2.8M | Reduce -59.7% |
| VIG Vanguard Dividend Apprec ETF | 0.36% | 15,120 | $2.8M | Add +769.5% |
| FPE FT-Preferred Secur & Inc. ETF | 0.34% | 151,124 | $2.6M | New |
| STWD Starwood Property Trust Inc. | 0.33% | 132,950 | $2.5M | New |
| AMLP Alerian MLP ETF | 0.33% | 52,397 | $2.5M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.30% | 16,151 | $2.3M | New |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 4,113 | $2.3M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.28% | 8,076 | $2.2M | Reduce -97.4% |
| QCOM Qualcomm Inc. | 0.28% | 10,739 | $2.1M | Add +333.2% |
| PAPR Innovator U.S. Equity Power | 0.27% | 60,624 | $2.1M | New |
| CMDT PIMCO Commodity Active Strat | 0.27% | 76,565 | $2.1M | New |
| TDG Transdigm Group Inc. | 0.27% | 1,631 | $2.1M | New |
| AJAN In Eq DF PR ETF 2Y JAN28-Usd | 0.27% | 81,750 | $2.1M | New |
| ISRG Intuitive Surgical Inc. | 0.27% | 4,609 | $2.1M | New |
| NFLX Netflix Inc. | 0.27% | 3,037 | $2.0M | New |
| HON Honeywell International Inc. | 0.27% | 9,572 | $2.0M | New |
| NOW ServiceNow Inc. | 0.27% | 2,595 | $2.0M | New |
| CUBE Cubesmart | 0.26% | 44,409 | $2.0M | New |
| MPT Medical Properties Trust Inc. | 0.25% | 452,700 | $2.0M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 49,047 | $2.0M | Add +74.1% |
| VEA Vanguard Ftse Developed ETF | 0.25% | 38,276 | $1.9M | Reduce -96.4% |
| UNH Unitedhealth Group Inc. | 0.24% | 3,623 | $1.8M | Add +233.9% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.24% | 2,007 | $1.8M | New |
| PYPL PayPal Holdings Inc. | 0.23% | 31,087 | $1.8M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.23% | 16,639 | $1.8M | New |
| IWR iShares Russell Mid-Cap ETF | 0.23% | 21,979 | $1.8M | Add +363.4% |
| WMT Walmart Inc. | 0.23% | 25,661 | $1.7M | Add +448.2% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,180 | $3.8M | New |
| ATIPW Ati Physical Therapy Inc. | *W EXP 08/10/202 | 10,000 | $12 | New |
Total filed on the 13F, all lines: $772.4M.
Portfolio Sells Q1 2024 → Q2 2024
| OEF iShares S&P 100 ETF | Sold out | 0.00% | −5.48 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -97.4% | 0.28% | −4.40 |
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −4.08 |
| VGIT Vanguard Intermediate-Term T | Sold out | 0.00% | −3.95 |
| DGRW Wisdomtree U.S. Quality Divi | Sold out | 0.00% | −3.39 |
| PRF Invesco Rafi US 1000 ETF | Sold out | 0.00% | −3.03 |
| IVV iShares Core S&P 500 ETF | Reduce -89.9% | 0.90% | −2.93 |
| VEA Vanguard Ftse Developed ETF | Reduce -96.4% | 0.25% | −2.89 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −2.85 |
| AVUV Avantis US Small Cap Value | Sold out | 0.00% | −2.47 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −2.40 |
| SPSB SS SPDR P St C Corp. ETF | Sold out | 0.00% | −2.34 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −2.27 |
| DFIV Dimensional International Va | Sold out | 0.00% | −2.17 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -69.9% | 3.98% | −2.04 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −1.77 |
| GOVT iShares US Treasury Bond ETF | Sold out | 0.00% | −1.66 |
| JMBS Janus Henderson Mortg Backed | Sold out | 0.00% | −1.60 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −1.53 |
| IWD iShares Russell 1000 Value E | Reduce -97.5% | 0.08% | −1.31 |
| SPE Special Opportunities Fund | Sold out | 0.00% | −1.21 |
| NFJ Virtus DVD Intrst & PRM STR | Sold out | 0.00% | −1.14 |
| BRW Saba Capital Income & Opport | Sold out | 0.00% | −1.09 |
| DISV Dimensional International SM | Sold out | 0.00% | −0.78 |
| BBDC Barings BDC Inc. | Sold out | 0.00% | −0.77 |
| VGT Vanguard Info Tech ETF | Reduce -94.9% | 0.11% | −0.75 |
| ITOT iShares Core S&P Total U.S. | Sold out | 0.00% | −0.70 |
| XTPZX Tortoise Power & Enrgy Infra | Sold out | 0.00% | −0.68 |
| DGS Wisdomtree Em Small Cap | Sold out | 0.00% | −0.66 |
| DFAU Dimensional US Core Equity M | Sold out | 0.00% | −0.60 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -92.5% | 0.11% | −0.59 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.54 |
| ECAT BlackRock ESG Cap All TRM TR | Sold out | 0.00% | −0.52 |
| XHLF Bondbloxx BBG 6 MTH US Treas | Sold out | 0.00% | −0.50 |
| EPS Wisdomtree US Large Cap Fund | Sold out | 0.00% | −0.50 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -92.8% | 0.09% | −0.48 |
| NUV Nuveen Municipal Value | Sold out | 0.00% | −0.47 |
| JLS Nuveen Mortgage & Income | Sold out | 0.00% | −0.47 |
| XEVVX Eaton Vance Ltd. Durat Inc. | Sold out | 0.00% | −0.45 |
| TY Tri-Continental Corp. | Sold out | 0.00% | −0.43 |
| LADR Ladder Capital Corp.-REIT | Sold out | 0.00% | −0.42 |
| VLUE iShares MSCI USA Value Facto | Sold out | 0.00% | −0.41 |
| GDL GDL Fund | Sold out | 0.00% | −0.40 |
| CCAP Crescent Capital BDC Inc. | Sold out | 0.00% | −0.40 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.39 |
| FTHY First Trust Hi YLD Opp 2027 | Sold out | 0.00% | −0.37 |
| JRI Nuveen Real Asset Inc. & GRW | Sold out | 0.00% | −0.36 |
| FCT First Trust SNR FL RT Inc. II | Sold out | 0.00% | −0.36 |
| DTF DTF Tax-Free Income 2028 Ter | Sold out | 0.00% | −0.36 |
| DFSV Dimensional US Small Cap Val | Sold out | 0.00% | −0.35 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +2447.5% | 5.86% | +5.80 |
| AAPL Apple Inc. | Add +530.0% | 5.97% | +5.57 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 3.16% | +3.16 |
| MSFT Microsoft Corp. | Add +190.1% | 3.43% | +2.92 |
| QQQ Invesco QQQ Trust Series 1 | New | 2.60% | +2.60 |
| AMZN Amazon.com Inc. | Add +491.3% | 2.23% | +2.08 |
| GOOG Alphabet Inc. Class C | Add +509.2% | 2.08% | +1.95 |
| META Meta Platforms Inc. Class A | Add +541.5% | 1.72% | +1.62 |
| FTSM First Trust Enh Short Mat FD | New | 1.43% | +1.43 |
| DLN Wisdomtree US Largecap Divid | New | 1.34% | +1.34 |
| DXJ Wisdomtree Japan Hedged Eq | New | 1.23% | +1.23 |
| UBER Uber Technologies Inc. | Add +2567.4% | 1.12% | +1.10 |
| JPM JPMorgan Chase & Co. | Add +342.6% | 1.21% | +1.10 |
| BAR Graniteshares Gold Trust | New | 1.09% | +1.09 |
| COST Costco Wholesale Corp. | Add +1467.7% | 1.10% | +1.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +23.6% | 1.57% | +1.02 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 1.00% | +1.00 |
| JEPI JPMorgan Equity Premium Inco | New | 0.98% | +0.98 |
| LLY Eli Lilly & Co. | Add +369.0% | 0.98% | +0.90 |
| GOOGL Alphabet Inc. Class A | Add +158.4% | 1.02% | +0.87 |
| XPHDX Pioneer Floating Rate Fund | New | 0.84% | +0.84 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.83% | +0.83 |
| FTSL First Trust Senior Loan ETF | New | 0.81% | +0.81 |
| XOM Exxon Mobil Corp. | Add +272.4% | 0.88% | +0.78 |
| MA Mastercard Inc. Class A | Add +900.0% | 0.71% | +0.67 |
| VGK Vanguard Ftse Europe ETF | New | 0.67% | +0.67 |
| PANW Palo Alto Networks Inc. | New | 0.65% | +0.65 |
| ET Energy Transfer LP | New | 0.65% | +0.65 |
| RQI Cohen & Steers Qual Inc. RLTY | New | 0.63% | +0.63 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +127.8% | 0.78% | +0.62 |
| BX Blackstone Inc. | New | 0.62% | +0.62 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.62% | +0.62 |
| VZ Verizon Communications Inc. | Add +1184.3% | 0.65% | +0.62 |
| RSP Invesco S&P 500 Equal Weight | New | 0.61% | +0.61 |
| FMB First Trust Managed Municipa | New | 0.61% | +0.61 |
| VOO Vanguard S&P 500 ETF | Add +868.5% | 0.64% | +0.61 |
| HYLB Xtrackers Usd High Yield Cor | New | 0.59% | +0.59 |
| V Visa Inc. Class A | Add +949.2% | 0.61% | +0.59 |
| AGG iShares Core U.S. Aggregate | New | 0.59% | +0.59 |
| GS Goldman Sachs Group Inc. | Add +604.5% | 0.60% | +0.57 |
| ABBV Abbvie Inc. | Add +186.7% | 0.66% | +0.55 |
| HYT BlackRock Corp. Hi YLD | New | 0.55% | +0.55 |
| FDX FedEx Corp. | New | 0.53% | +0.53 |
| ADBE Adobe Inc. | Add +1240.1% | 0.53% | +0.51 |
| AVGO Broadcom Inc. | Add +318.2% | 0.52% | +0.48 |
| ALL Allstate Corp. | New | 0.48% | +0.48 |
| JNJ Johnson & Johnson | Add +363.1% | 0.53% | +0.47 |
| COMB Graniteshares Bcom Broad STR | New | 0.47% | +0.47 |
| CAT Caterpillar Inc. | Add +1047.9% | 0.48% | +0.46 |
| LNG Cheniere Energy Inc. | New | 0.46% | +0.46 |
Notes & Other Activity Q1 2024 → Q2 2024
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | Sold out | 1,335,294 | $30.3Mbefore exit |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 3,441 | $4.2Mbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | New | 3,180 | $3.8M |
| ATIPW Ati Physical Therapy Inc. | *W EXP 08/10/202 | New | 10,000 | $12 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.