Relative Value Partners Group, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Relative Value Partners Group, LLC reported 281 stock positions worth $1.6 billion. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 6.0% of the portfolio, followed by iShares S&P 100 ETF (OEF, 5.5%) and VG Morningstar TS MKT ETF-US (VTI, 4.7%). Compared with Q4 2023, it opened 7 new positions, sold out of 5, added to 74 and reduced 117. The biggest buy was a new position in Proshares TR and the biggest sale an exit from Golub Capital BDC (GBDC).

Most Recent 13F
Q2 2024
Location
NORTHBROOK, IL
CIK
0001649910
Portfolio Value
$1.6B (Q1 2024)
SEC Filing
0001649910-24-000011 ↗ filed May 13, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.6B $1.6B Q1 2024 Q2 2024: $768.6M Q2 2024

Holdings 281 stocks · $1.6B
VTV Vanguard Mrngstr Val ETF-Aui 6.02% 634,569 $95.7M Reduce -1.8%
OEF iShares S&P 100 ETF 5.48% 381,083 $87.1M Reduce -0.7%
VTI VG Morningstar TS MKT ETF-US 4.68% 310,337 $74.4M Reduce -0.3%
VMBS Vanguard Mortgage-Backed Sec 4.08% 1,405,124 $64.9M Add +1.3%
VGIT Vanguard Intermediate-Term T 3.95% 1,054,586 $62.7M Add +0.8%
IVV iShares Core S&P 500 ETF 3.83% 125,326 $60.8M Reduce -2.0%
DGRW Wisdomtree U.S. Quality Divi 3.39% 757,541 $53.9M Reduce -1.1%
VEA Vanguard Ftse Developed ETF 3.14% 1,052,737 $49.9M Add +2.2%
PRF Invesco Rafi US 1000 ETF 3.03% 1,359,724 $48.2M Reduce -1.7%
IEF iShares 7-10 Year Treasury B 2.85% 469,676 $45.3M Reduce -0.1%
AVUV Avantis US Small Cap Value 2.47% 449,308 $39.2M Add +0.3%
VGSH Vanguard Short-Term Treasury 2.40% 651,628 $38.1M Reduce -0.7%
SPSB SS SPDR P St C Corp. ETF 2.34% 1,241,930 $37.2M Add +0.1%
JAAA Janus Henderson Aaa Clo ETF 2.27% 711,813 $36.0M Add +0.4%
DFIV Dimensional International Va 2.17% 1,016,710 $34.5M Add +1.9%
IGSB iShares 1-5Y Inv Grade Corp. 1.77% 545,762 $28.1M Reduce -1.8%
GOVT iShares US Treasury Bond ETF 1.66% 1,146,747 $26.4M Reduce -0.4%
JMBS Janus Henderson Mortg Backed 1.60% 555,276 $25.5M Add +7.8%
IVE iShares S&P 500 Value ETF 1.53% 139,590 $24.3M Reduce -6.4%
IWD iShares Russell 1000 Value E 1.39% 133,159 $22.0M Reduce -0.3%
SPE Special Opportunities Fund 1.21% 1,599,294 $19.2M Reduce -1.0%
NFJ Virtus DVD Intrst & PRM STR 1.14% 1,487,603 $18.1M Reduce -0.6%
BRW Saba Capital Income & Opport 1.09% 2,305,349 $17.3M Reduce -0.4%
VGT Vanguard Info Tech ETF 0.86% 27,617 $13.6M Reduce -0.8%
DISV Dimensional International SM 0.78% 489,439 $12.4M Add +2.3%
BBDC Barings BDC Inc. 0.77% 1,365,433 $12.3M Reduce -0.4%
IEFA iShares Core MSCI Eafe ETF 0.70% 159,678 $11.2M Reduce -5.5%
ITOT iShares Core S&P Total U.S. 0.70% 104,382 $11.1M No change
IJS iShares S&P Small-Cap 600 Va 0.69% 112,890 $11.0M Reduce -1.1%
XTPZX Tortoise Power & Enrgy Infra 0.68% 762,380 $10.8M Reduce -0.5%
DGS Wisdomtree Em Small Cap 0.66% 215,587 $10.4M Add +1.6%
IJH iShares Core S&P Midcap ETF 0.66% 38,243 $10.4M Reduce -81.7%
DFAU Dimensional US Core Equity M 0.60% 284,726 $9.6M Add +9.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.57% 51,254 $9.0M Reduce -1.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.54% 17,911 $8.6M Reduce -13.1%
IJR iShares Core S&P Small-Cap E 0.54% 82,555 $8.6M Reduce -0.1%
ECAT BlackRock ESG Cap All TRM TR 0.52% 508,615 $8.3M Reduce -1.5%
MSFT Microsoft Corp. 0.51% 20,346 $8.1M Reduce -0.3%
XHLF Bondbloxx BBG 6 MTH US Treas 0.50% 158,556 $8.0M Reduce -0.1%
MCD McDonald's Corp. 0.50% 27,207 $8.0M Add +0.0%
EPS Wisdomtree US Large Cap Fund 0.50% 154,812 $7.9M Reduce -0.2%
NUV Nuveen Municipal Value 0.47% 854,258 $7.5M Reduce -1.0%
JLS Nuveen Mortgage & Income 0.47% 433,988 $7.4M Reduce -0.0%
IEMG iShares Core MSCI Emerging 0.46% 150,724 $7.3M Reduce -6.1%
XEVVX Eaton Vance Ltd. Durat Inc. 0.45% 741,822 $7.2M Add +2.0%
TY Tri-Continental Corp. 0.43% 236,144 $6.8M Reduce -2.2%
VWO Vanguard Ftse Emerging Marke 0.43% 171,384 $6.8M Add +0.6%
LADR Ladder Capital Corp.-REIT 0.42% 617,438 $6.7M Add +0.0%
VLUE iShares MSCI USA Value Facto 0.41% 64,343 $6.5M Reduce -4.2%
AAPL Apple Inc. 0.40% 34,573 $6.4M Reduce -0.1%
GDL GDL Fund 0.40% 806,682 $6.3M Reduce -4.3%
CCAP Crescent Capital BDC Inc. 0.40% 383,281 $6.3M Add +0.0%
SGOV iShares 0-3 Month Treasury B 0.39% 61,883 $6.2M Reduce -2.0%
FTHY First Trust Hi YLD Opp 2027 0.37% 413,238 $5.9M Reduce -1.2%
JRI Nuveen Real Asset Inc. & GRW 0.36% 492,775 $5.8M Reduce -0.4%
FCT First Trust SNR FL RT Inc. II 0.36% 570,335 $5.7M Add +1.8%
DTF DTF Tax-Free Income 2028 Ter 0.36% 523,988 $5.7M Reduce -0.2%
DFSV Dimensional US Small Cap Val 0.35% 196,687 $5.5M No change
KMI Kinder Morgan Inc. 0.35% 326,091 $5.5M Reduce -0.1%
CMG Chipotle Mexican Grill Inc. 0.33% 2,197 $5.3M No change
IEI iShares 3-7 Year Treasury Bo 0.33% 44,672 $5.2M Add +2.2%
BSV Vanguard Short-Term Bond ETF 0.32% 66,566 $5.1M Reduce -9.7%
BRSP Brightspire Capital Inc. 0.32% 712,806 $5.1M Add +0.0%
DFP Flaherty & Crumrine DYN Pref 0.32% 269,481 $5.1M Reduce -1.5%
EMF Templeton Emerging Markets 0.32% 451,790 $5.1M Reduce -0.8%
SDHY Pgim SHRT Durat Hi YLD 0.30% 318,635 $4.8M Reduce -1.8%
XONE Bondbloxx BBG 1 Dur US Treas 0.30% 95,461 $4.8M Reduce -17.8%
PROSHARES TR 0.29% 360,000 $4.6M New
DFAE Dimensional Emerging Core Eq 0.28% 190,929 $4.4M Add +4.5%
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.28% 400,713 $4.4M Reduce -0.1%
VCIT Vanguard Int-Term Corporate 0.28% 54,032 $4.4M Reduce -4.8%
PDX PIMCO Dynamic Income Strat 0.27% 217,968 $4.2M Reduce -1.3%
VXUS Vanguard Total Intl Stock 0.26% 73,569 $4.2M Reduce -1.6%
APO Apollo Global Management Inc. 0.26% 40,703 $4.1M Add +0.1%
IWB iShares Russell 1000 ETF 0.26% 15,282 $4.1M Reduce -6.4%
ACRE Ares Commercial Real Estate 0.25% 416,555 $4.0M Add +0.1%
KO The Coca-Cola Co. 0.24% 64,700 $3.8M Add +0.0%
TSI TCW Strategic Income Fund 0.24% 811,922 $3.8M Add +4.5%
EQC Equity Commonwealth 0.23% 195,320 $3.7M Reduce -0.1%
MUB iShares National Muni Bond E 0.23% 34,047 $3.7M Reduce -0.1%
GPMT Granite Point Mortgage Trust 0.23% 658,151 $3.7M Add +6.7%
GUG Guggenheim Active Allocation 0.22% 239,438 $3.4M Reduce -2.6%
TRTX TPG Re Finance Trust Inc. 0.21% 546,856 $3.3M Add +0.1%
SPIB SS SPDR P Int C Corp. ETF 0.21% 100,336 $3.3M Reduce -5.1%
IBDP iShares Ibonds Dec 2024 Term 0.20% 129,966 $3.3M Reduce -0.2%
MDY State Street SPDR S&P Midcap 0.20% 6,467 $3.2M No change
IAU iShares Gold Trust 0.20% 82,937 $3.2M No change
ASGI Abrdn Global Infrastructure 0.19% 170,090 $3.0M Reduce -1.0%
XFRAX BlackRock Fltng RT Inc. Strat 0.18% 233,082 $2.9M Reduce -27.3%
EFA iShares MSCI Eafe ETF 0.18% 38,998 $2.9M No change
XYL Xylem Inc. 0.18% 25,646 $2.9M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.18% 36,581 $2.8M Reduce -7.1%
EBC Eastern Bankshares Inc. 0.18% 202,023 $2.8M No change
QUAL iShares MSCI USA Quality Fac 0.18% 18,502 $2.8M Reduce -18.8%
WDI Western Asset Divers Inc. 0.17% 186,627 $2.7M Reduce -10.8%
CRBN Ish Low Car Opt Ms Ac ETF-US 0.17% 15,966 $2.7M No change
DFCF Dimensional Core Fixed Inc. 0.17% 62,026 $2.6M Add +7.8%
SBUX Starbucks Corp. 0.16% 27,377 $2.5M Reduce -0.2%
IWF iShares Russell 1000 Growth 0.16% 8,144 $2.5M No change
DFNM Dimensional National Muni BD 0.16% 51,369 $2.5M Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 0.16% 6,466 $2.5M Add +5.5%
AEF Abrdn Emerging Markets Ex CH 0.15% 504,124 $2.4M Reduce -0.3%
BBN BlackRock Taxable Muni BND 0.15% 139,010 $2.3M Reduce -1.4%
GOOGL Alphabet Inc. Class A 0.15% 16,627 $2.3M Add +0.2%
AMZN Amazon.com Inc. 0.15% 14,987 $2.3M Add +0.0%
NML Neuberger Energy Infrastruct 0.14% 343,468 $2.3M Reduce -3.7%
BXMT Blackstone Mortgage Tru Class A 0.13% 106,831 $2.1M Add +0.1%
SXI Standex International Corp. 0.13% 13,751 $2.0M No change
GOOG Alphabet Inc. Class C 0.13% 14,296 $2.0M Add +0.1%
IXUS iShares Core Intl Stock ETF 0.12% 30,949 $2.0M Reduce -16.7%
BCAT BlackRock Capital Alloc TR 0.12% 123,612 $1.9M Reduce -1.0%
STPZ PIMCO 1-5 Year US Tips Index 0.12% 36,621 $1.9M No change
JPM JPMorgan Chase & Co. 0.11% 10,385 $1.8M No change
VONE Vanguard Russell 1000 0.11% 7,731 $1.7M No change
ABBV Abbvie Inc. 0.11% 10,298 $1.7M Reduce -1.6%
CVX Chevron Corp. 0.10% 11,095 $1.6M Add +0.7%
NECB Northeast Community Bancorp 0.10% 94,500 $1.6M Add +1.1%
XOM Exxon Mobil Corp. 0.10% 15,822 $1.6M Add +1.3%
VCSH Vanguard S/T Corp. Bond ETF 0.10% 20,891 $1.6M Reduce -0.5%
VB Vanguard Most SM-Cap ETF-Usd 0.10% 7,696 $1.6M Reduce -2.3%
META Meta Platforms Inc. Class A 0.10% 4,091 $1.6M Reduce -0.1%
PTA Cohen & Steers Tax-Advantage 0.10% 85,203 $1.6M Reduce -2.2%
SUB iShares Short-Term National 0.10% 14,939 $1.6M Reduce -0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 8,301 $1.5M No change
ACWI iShares MSCI Acwi ETF 0.10% 14,889 $1.5M Reduce -6.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 6,532 $1.5M Reduce -6.2%
BRT BRT Apartments Corp. 0.09% 87,493 $1.5M Reduce -27.5%
SDY SS SPDR S&P Dividend ETF 0.09% 11,502 $1.4M No change
PM Philip Morris International 0.09% 15,601 $1.4M No change
BTT BlackRock 2030 Muni TRGT TRM 0.09% 66,143 $1.4M Reduce -3.1%
VXF Vanguard Extended Market ETF 0.09% 8,736 $1.4M No change
PGZ Principal Real Estate Income 0.09% 140,864 $1.4M Add +0.0%
L Loews Corp. 0.08% 18,503 $1.3M No change
JOF Japan Smaller Capitalization 0.08% 176,082 $1.3M Reduce -5.4%
SPGI S&P Global Inc. 0.08% 2,884 $1.3M Add +0.0%
VT Vanguard Tot World STK ETF 0.08% 12,024 $1.2M Reduce -28.0%
DCRE DBL Comm Real Est Debt 0.08% 23,293 $1.2M Reduce -0.2%
MRK Merck & Co. Inc. 0.07% 9,721 $1.2M Add +0.3%
DFAS Dimensional US Small Cap ETF 0.07% 20,309 $1.2M Reduce 0.0%
LLY Eli Lilly & Co. 0.07% 1,767 $1.1M Reduce -1.3%
JMM Nuveen Multi-Market Income 0.07% 180,854 $1.1M Reduce -1.1%
ABT Abbott Laboratories 0.07% 9,331 $1.1M Add +0.0%
IBTF iShares Ibonds Dec 2025 Term 0.07% 44,825 $1.0M Reduce -0.1%
AOR iShares Core 60/40 Balanced 0.06% 19,315 $1.0M No change
TSLA Tesla Inc. 0.06% 5,175 $969K Add +1.0%
JNJ Johnson & Johnson 0.06% 6,068 $964K Add +1.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 28,179 $958K Add +0.6%
RCL Royal Caribbean Cruises Ltd. 0.06% 7,449 $950K Add +0.4%
C Citigroup Inc. 0.06% 16,874 $948K Add +0.0%
VNQ Vanguard Real Estate ETF 0.06% 11,269 $945K Reduce -3.6%
WMB Williams Cos Inc. 0.06% 27,250 $944K Reduce -0.5%
VTIP Vanguard Short-Term Tips 0.06% 19,134 $913K Reduce -17.1%
WFC Wells Fargo & Co. 0.06% 17,993 $903K No change
VEU Vanguard Ftse All-World Ex-U 0.06% 16,325 $901K Reduce -7.5%
FLC Flaherty & Crumrine TTL RTRN 0.06% 58,608 $887K Reduce -3.7%
NVDA Nvidia Corp. 0.06% 1,430 $880K Add +1.9%
IGI Western Asst Inv GR Oppor TR 0.05% 50,338 $872K Reduce -4.5%
JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP 0.05% 8,760 $865K No change
ZTR Virtus Total Return Fund Inc. 0.05% 161,500 $859K No change
ADP Automatic Data Processing 0.05% 3,304 $812K Reduce -10.1%
INTC Intel Corp. 0.05% 18,085 $779K No change
MFIC Midcap Financial Investment 0.05% 56,166 $779K No change
WMT Walmart Inc. 0.05% 4,681 $774K Reduce -66.7%
CRM Salesforce Inc. 0.05% 2,742 $771K No change
MIN Aberdeen Intermediate Inc. FD 0.05% 255,596 $721K Reduce -17.9%
ARCC Ares Capital Corp. 0.05% 35,602 $720K No change
TWLO Twilio Inc. Class A 0.05% 10,213 $718K Add +0.4%
UNP Union Pacific Corp. 0.05% 2,941 $717K No change
HD Home Depot Inc. 0.04% 2,009 $709K Add +5.2%
AVGO Broadcom Inc. 0.04% 598 $706K No change
HDV iShares Core High Dividend E 0.04% 6,636 $687K No change
ESGD iShares Trust iShares ESG Aw 0.04% 9,074 $683K No change
PG The Procter & Gamble Co. 0.04% 4,234 $665K No change
PSX Phillips 66 0.04% 4,538 $655K Add +1.1%
UNM Unum Group 0.04% 13,355 $646K No change
GM General Motors Co. 0.04% 16,274 $631K Add +0.5%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.04% 10,151 $624K No change
EPI Wisdomtree India Earnings 0.04% 13,840 $591K No change
CSCO Cisco Systems Inc. 0.04% 11,416 $573K No change
BKNG Booking Holdings Inc. 0.04% 162 $568K Add +2.5%
HIG Hartford Insurance Group Inc. 0.04% 6,458 $562K No change
DFAI Dimensional International Co. 0.04% 19,744 $561K No change
VHT Vanguard Health Care ETF 0.04% 2,179 $559K No change
GS Goldman Sachs Group Inc. 0.04% 1,455 $559K Add +1.5%
MA Mastercard Inc. Class A 0.04% 1,236 $555K Reduce -2.8%
UNH Unitedhealth Group Inc. 0.03% 1,085 $555K Reduce -0.6%
HYI Western Asset High Yield Opp 0.03% 45,691 $548K Reduce -15.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 5,690 $547K Reduce -0.9%
GLD SPDR Gold Shares 0.03% 2,881 $543K No change
USRT iShares Core US REIT ETF 0.03% 10,118 $526K No change
PEP Pepsico Inc. 0.03% 3,116 $525K Add +4.1%
COP Conocophillips 0.03% 4,519 $506K Add +0.2%
DGRO iShares Core Dividend Growth 0.03% 9,061 $494K Reduce -0.4%
EOI Eaton Vance Enhanced Eq Incm 0.03% 28,890 $491K No change
AMGN Amgen Inc. 0.03% 1,560 $490K Add +0.1%
PAYX Paychex Inc. 0.03% 4,006 $488K Reduce -11.1%
MPC Marathon Petroleum Corp. 0.03% 2,899 $480K No change
NAD Nuveen Quality Municipal Inc. 0.03% 42,112 $475K Reduce -2.2%
FNDX Schwab Fndmntl US LRG Co. ETF 0.03% 7,613 $474K No change
V Visa Inc. Class A 0.03% 1,716 $469K Reduce -0.9%
LNC Lincoln National Corp. 0.03% 16,769 $460K Reduce -0.6%
VUSB Vanguard Ultra Short Bond Et 0.03% 9,034 $449K Reduce -24.6%
VOO Vanguard S&P 500 ETF 0.03% 1,008 $447K Reduce -48.3%
VTWO Vanguard Russell 2000 ETF 0.03% 5,734 $447K Reduce -12.2%
COST Costco Wholesale Corp. 0.03% 637 $443K Add +0.2%
RPV Invesco S&P 500 Pure Value E 0.03% 5,401 $440K Reduce -1.0%
SHM SS SPDR N Ice St Muni ETF 0.03% 9,217 $439K No change
PFE Pfizer Inc. 0.03% 15,917 $431K Reduce -17.2%
GDX Vaneck Gold Miners ETF 0.03% 15,100 $422K No change
MS Morgan Stanley 0.03% 4,801 $419K Add +0.7%
CMCSA Comcast Corp. Class A 0.03% 8,880 $413K Add +7.8%
GAL SS Global Allocation ETF 0.03% 9,966 $410K No change
SCHW Schwab (charles) Corp. 0.03% 6,522 $410K Add +4.1%
AMG Affiliated Managers Group 0.03% 2,737 $407K No change
XAODX Abrdn Total Dynamic Dividend 0.03% 50,945 $403K Add +0.5%
VZ Verizon Communications Inc. 0.03% 9,366 $397K Reduce -0.1%
SCHB Schwab US Broad Market ETF 0.02% 6,841 $385K No change
IWM iShares Russell 2000 ETF 0.02% 1,995 $385K No change
NSTS NSTS Bancorp Inc. 0.02% 40,000 $381K No change
LVS Las Vegas Sands Corp. 0.02% 7,739 $379K Add +0.0%
QCOM Qualcomm Inc. 0.02% 2,479 $368K Reduce -3.6%
IWR iShares Russell Mid-Cap ETF 0.02% 4,743 $363K No change
DHR Danaher Corp. 0.02% 1,509 $362K Add +0.1%
FISV Fiserv Inc. 0.02% 2,476 $351K No change
SPEM State Street SP PTF Em ETF 0.02% 10,270 $350K No change
ADBE Adobe Inc. 0.02% 551 $340K Reduce -6.6%
IBTE iShares Ibonds Dec 2024 Term 0.02% 14,036 $336K No change
SO The Southern Co. 0.02% 4,832 $336K No change
PMO Franklin Muncipl Opps Tst-Ui 0.02% 32,000 $334K No change
TXN Texas Instruments Inc. 0.02% 2,076 $332K No change
ISTB iShares Core 1-5 Year Usd Bo 0.02% 6,866 $328K No change
DOCU Docusign Inc. 0.02% 5,021 $306K Add +0.3%
VIG Vanguard Dividend Apprec ETF 0.02% 1,739 $300K Reduce -4.9%
ACWX iShares MSCI Acwi Ex US ETF 0.02% 5,958 $299K No change
VPU Vanguard Utilities ETF 0.02% 2,215 $293K No change
LEN Lennar Corp. Class A 0.02% 1,943 $291K No change
UBER Uber Technologies Inc. 0.02% 4,443 $290K No change
CAT Caterpillar Inc. 0.02% 965 $290K Add +0.5%
OKE Oneok Inc. 0.02% 3,962 $270K No change
DIG Proshares Ultra Energy 0.02% 7,500 $270K No change
EWJ iShares MSCI Japan ETF 0.02% 4,048 $268K No change
OIH Vaneck Oil Services ETF 0.02% 900 $263K No change
GE General Electric 0.02% 1,975 $262K No change
SBSI Southside Bancshares Inc. 0.02% 8,250 $258K No change
MCO Moody's Corp. 0.02% 656 $257K Add +0.8%
ECF Ellsworth Growth and Income 0.02% 32,006 $253K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.02% 4,908 $250K No change
LRCX Lam Research Corp. 0.02% 296 $244K No change
SMH Vaneck Semiconductor ETF 0.01% 1,278 $238K No change
ACN Accenture PLC Class A 0.01% 647 $235K Reduce -13.3%
SPOT Spotify Technology SA 0.01% 1,086 $234K No change
WBS Webster Financial Corp. 0.01% 4,581 $227K Add +0.0%
DFAC Dimensional US Core Equity 2 0.01% 7,602 $222K New
WTFC Wintrust Financial Corp. 0.01% 2,284 $222K Reduce -35.4%
IVW iShares S&P 500 Growth ETF 0.01% 2,797 $216K No change
ULTA Ulta Beauty Inc. 0.01% 423 $212K No change
IBTX Independent Bank Group Inc. 0.01% 4,270 $206K Add +0.1%
QQQM Invesco Nasdaq 100 ETF 0.01% 1,200 $206K No change
MSI Motorola Solutions Inc. 0.01% 638 $204K New
NCLH Norwegian Cruise Line Holdin 0.01% 11,266 $201K Reduce -47.0%
ASML ASML Holding NV-NY Reg SHS 0.01% 230 $200K New
BLFY Blue Foundry Bancorp 0.01% 20,500 $196K No change
PLTR Palantir Technologies Inc. Class A 0.01% 11,328 $182K Reduce -0.0%
AGQI First TR Act GLBL QLTY Inc. 0.01% 13,125 $176K New
FPF First TR Interm Dur & Inc. 0.01% 9,999 $174K New
USA Liberty All Star Equity Fund 0.01% 24,850 $163K No change
BKT BlackRock Income Trust 0.01% 13,255 $161K Reduce -90.4%
XAGDX Abrdn GLBL DYNM Divid 0.01% 15,093 $139K Add +0.7%
XJQCX Nuveen Credit Strategies Inc. 0.01% 24,513 $132K No change
GF The New Germany Fund Inc. 0.01% 15,764 $131K Add +0.3%
XJEQX Abrdn Japan Equity Fund Inc. 0.01% 21,175 $126K Add +1.0%
EEA The European Equity Fund Inc. 0.01% 14,639 $124K Add +1.0%
XETYX Eaton Vance Tax-MGD Div Eqty 0.01% 10,000 $124K No change
CCIF Carlyle Credit Income Fund 0.01% 15,524 $122K Reduce -89.0%
OTLY Oatly Group AB 0.01% 100,000 $113K No change
RGT Royce Global Trust Inc. 0.01% 10,297 $103K No change
XIGDX Voya GLBL Eqty DVD & PRM Opp 0.01% 19,421 $98K Reduce -4.4%
MMT Aberdeen Multimarket Income 0.01% 19,955 $93K Add +0.7%
XEXGX Eaton Vance Tax-Managed Glob 0.01% 11,668 $90K Add +0.7%
GNW Genworth Financial Inc. 0.01% 13,692 $84K Add +0.0%
BFLY Butterfly Network Inc. 0.00% 25,000 $23K New
Other holdings (2): bonds, preferreds, convertibles and warrants · $34.5M (not counted above)
SecurityClassShares / PrincipalValueChange
SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) 2.75% CNV PFD C 1,335,294$30.3MReduce -0.3%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 3,441$4.2MReduce -0.1%

Total filed on the 13F, all lines: $1.6B.

Portfolio Sells Q4 2023 → Q1 2024
GBDC Golub Capital BDC Inc. Sold out 0.00% −0.14
BKT BlackRock Income Trust Reduce -90.4% 0.01% −0.10
IVE iShares S&P 500 Value ETF Reduce -6.4% 1.53% −0.09
XFRAX BlackRock Fltng RT Inc. Strat Reduce -27.3% 0.18% −0.07
IJH iShares Core S&P Midcap ETF Reduce -81.7% 0.66% −0.07
SPY SS SPDR S&P 500 ETF Trust-US Reduce -13.1% 0.54% −0.07
CCIF Carlyle Credit Income Fund Reduce -89.0% 0.01% −0.06
XONE Bondbloxx BBG 1 Dur US Treas Reduce -17.8% 0.30% −0.06
BRT BRT Apartments Corp. Reduce -27.5% 0.09% −0.05
IEMG iShares Core MSCI Emerging Reduce -6.1% 0.46% −0.05
IJS iShares S&P Small-Cap 600 Va Reduce -1.1% 0.69% −0.04
IEFA iShares Core MSCI Eafe ETF Reduce -5.5% 0.70% −0.04
NFJ Virtus DVD Intrst & PRM STR Reduce -0.6% 1.14% −0.04
QUAL iShares MSCI USA Quality Fac Reduce -18.8% 0.18% −0.03
BSV Vanguard Short-Term Bond ETF Reduce -9.7% 0.32% −0.03
VT Vanguard Tot World STK ETF Reduce -28.0% 0.08% −0.03
IXUS iShares Core Intl Stock ETF Reduce -16.7% 0.12% −0.03
BRW Saba Capital Income & Opport Reduce -0.4% 1.09% −0.03
VOO Vanguard S&P 500 ETF Reduce -48.3% 0.03% −0.03
GDL GDL Fund Reduce -4.3% 0.40% −0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.5% 0.57% −0.02
IJR iShares Core S&P Small-Cap E Reduce -0.1% 0.54% −0.02
VLUE iShares MSCI USA Value Facto Reduce -4.2% 0.41% −0.02
PDX PIMCO Dynamic Income Strat Reduce -1.3% 0.27% −0.02
WDI Western Asset Divers Inc. Reduce -10.8% 0.17% −0.02
AAPL Apple Inc. Reduce -0.1% 0.40% −0.01
NCLH Norwegian Cruise Line Holdin Reduce -47.0% 0.01% −0.01
EMF Templeton Emerging Markets Reduce -0.8% 0.32% −0.01
ARKK ARK Innovation ETF Sold out 0.00% −0.01
CTVA Corteva Inc. Sold out 0.00% −0.01
KVUE Kenvue Inc. Sold out 0.00% −0.01
KMI Kinder Morgan Inc. Reduce -0.1% 0.35% −0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -7.1% 0.18% −0.01
IWB iShares Russell 1000 ETF Reduce -6.4% 0.26% −0.01
VCIT Vanguard Int-Term Corporate Reduce -4.8% 0.28% −0.01
VTIP Vanguard Short-Term Tips Reduce -17.1% 0.06% −0.01
IGSB iShares 1-5Y Inv Grade Corp. Reduce -1.8% 1.77% −0.01
SPIB SS SPDR P Int C Corp. ETF Reduce -5.1% 0.21% −0.01
VUSB Vanguard Ultra Short Bond Et Reduce -24.6% 0.03% −0.01
AEF Abrdn Emerging Markets Ex CH Reduce -0.3% 0.15% −0.01
NML Neuberger Energy Infrastruct Reduce -3.7% 0.14% −0.01
GUG Guggenheim Active Allocation Reduce -2.6% 0.22% −0.01
PFE Pfizer Inc. Reduce -17.2% 0.03% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -6.2% 0.09% −0.01
ASGI Abrdn Global Infrastructure Reduce -1.0% 0.19% −0.01
MIN Aberdeen Intermediate Inc. FD Reduce -17.9% 0.05% −0.01
VXUS Vanguard Total Intl Stock Reduce -1.6% 0.26% −0.01
WTFC Wintrust Financial Corp. Reduce -35.4% 0.01% −0.01
PRF Invesco Rafi US 1000 ETF Reduce -1.7% 3.03% −0.01
HYI Western Asset High Yield Opp Reduce -15.2% 0.03% −0.01

Portfolio Buys Q4 2023 → Q1 2024
PROSHARES TR New 0.29% +0.29
JMBS Janus Henderson Mortg Backed Add +7.8% 1.60% +0.12
VGIT Vanguard Intermediate-Term T Add +0.8% 3.95% +0.07
VMBS Vanguard Mortgage-Backed Sec Add +1.3% 4.08% +0.07
DFAU Dimensional US Core Equity M Add +9.2% 0.60% +0.06
VEA Vanguard Ftse Developed ETF Add +2.2% 3.14% +0.06
JAAA Janus Henderson Aaa Clo ETF Add +0.4% 2.27% +0.04
SPSB SS SPDR P St C Corp. ETF Add +0.1% 2.34% +0.03
DFIV Dimensional International Va Add +1.9% 2.17% +0.03
APO Apollo Global Management Inc. Add +0.1% 0.26% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +5.5% 0.16% +0.02
TSI TCW Strategic Income Fund Add +4.5% 0.24% +0.02
XEVVX Eaton Vance Ltd. Durat Inc. Add +2.0% 0.45% +0.02
DFAC Dimensional US Core Equity 2 New 0.01% +0.01
DFCF Dimensional Core Fixed Inc. Add +7.8% 0.17% +0.01
MSI Motorola Solutions Inc. New 0.01% +0.01
ASML ASML Holding NV-NY Reg SHS New 0.01% +0.01
NVDA Nvidia Corp. Add +1.9% 0.06% +0.01
DISV Dimensional International SM Add +2.3% 0.78% +0.01
AGQI First TR Act GLBL QLTY Inc. New 0.01% +0.01
FPF First TR Interm Dur & Inc. New 0.01% +0.01
IEI iShares 3-7 Year Treasury Bo Add +2.2% 0.33% +0.01
MRK Merck & Co. Inc. Add +0.3% 0.07% +0.01
FCT First Trust SNR FL RT Inc. II Add +1.8% 0.36% +0.01
C Citigroup Inc. Add +0.0% 0.06% +0.01
XOM Exxon Mobil Corp. Add +1.3% 0.10% +0.00
PGZ Principal Real Estate Income Add +0.0% 0.09% +0.00
AMZN Amazon.com Inc. Add +0.0% 0.15% +0.00
KO The Coca-Cola Co. Add +0.0% 0.24% +0.00
PSX Phillips 66 Add +1.1% 0.04% +0.00
DFAE Dimensional Emerging Core Eq Add +4.5% 0.28% +0.00
GPMT Granite Point Mortgage Trust Add +6.7% 0.23% +0.00
CMCSA Comcast Corp. Class A Add +7.8% 0.03% +0.00
GM General Motors Co. Add +0.5% 0.04% +0.00
HD Home Depot Inc. Add +5.2% 0.04% +0.00
AMGN Amgen Inc. Add +0.1% 0.03% +0.00
ABT Abbott Laboratories Add +0.0% 0.07% +0.00
SPGI S&P Global Inc. Add +0.0% 0.08% +0.00
GOOG Alphabet Inc. Class C Add +0.1% 0.13% +0.00
GOOGL Alphabet Inc. Class A Add +0.2% 0.15% +0.00
JNJ Johnson & Johnson Add +1.1% 0.06% +0.00
COST Costco Wholesale Corp. Add +0.2% 0.03% +0.00
BAC Bank of America Corp. Add +0.6% 0.06% +0.00
BFLY Butterfly Network Inc. New 0.00% +0.00
PEP Pepsico Inc. Add +4.1% 0.03% +0.00
DHR Danaher Corp. Add +0.1% 0.02% +0.00
DFNM Dimensional National Muni BD Add +0.0% 0.16% +0.00
BKNG Booking Holdings Inc. Add +2.5% 0.04% +0.00
DOCU Docusign Inc. Add +0.3% 0.02% +0.00
GS Goldman Sachs Group Inc. Add +1.5% 0.04% +0.00

Notes & Other Activity Q4 2023 → Q1 2024
SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) 2.75% CNV PFD C Reduce -0.3% 1,335,294 $30.3M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -0.1% 3,441 $4.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2024 319$768.6MAAPL, NVDA, VTV, MSFT, VUG
Q1 2024 281$1.6BVTV, OEF, VTI, VMBS, VGIT