Shaker Financial Services, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Shaker Financial Services, LLC reported 157 stock positions worth $258.4 million. Its top holding was SRH Total Return Fund (STEW) at 4.0% of the portfolio, followed by Sprott Focus Trust (FUND, 2.8%) and Liberty All-Star Growth FD (ASG, 2.8%). Compared with Q4 2023, it opened 24 new positions, sold out of 19, added to 70 and reduced 50. The biggest buy was Nuveen Core Equity Alpha (JCE, shares +1238%) and the biggest sale an exit from Liberty All Star Equity Fund (USA).
- Most Recent 13F
- Q2 2026
- Location
- Arlington, VA
- CIK
- 0001511794
- Portfolio Value
- $258.4M (Q1 2024)
- SEC Filing
- 0001172661-24-002188 ↗ filed May 13, 2024
Holdings Value
Holdings 157 stocks · $258.4M
| STEW SRH Total Return Fund Inc. | 3.96% | 679,159 | $10.2M | Add +9.8% |
| FUND Sprott Focus Trust Inc. | 2.81% | 902,867 | $7.3M | Add +7.9% |
| ASG Liberty All-Star Growth FD | 2.77% | 1,302,176 | $7.1M | Add +28.8% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 2.66% | 509,619 | $6.9M | Add +29.5% |
| CET Central Securities Corp. | 2.34% | 144,940 | $6.1M | Reduce -31.2% |
| CII BlackRock Enhan LRG Cap Core | 2.30% | 304,440 | $5.9M | Add +91.2% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 2.23% | 243,838 | $5.8M | Add +39.0% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 2.18% | 229,898 | $5.6M | Add +90.3% |
| ETG Eaton Vance T/A GL DVD Incm | 2.14% | 303,374 | $5.5M | Reduce -32.5% |
| ERC Allspring Multi-Sector Inc. | 1.86% | 512,598 | $4.8M | Add +38.1% |
| ETV Eaton Vance T/M Buy-Writ Opp | 1.79% | 358,786 | $4.6M | Add +27.2% |
| RMT Royce Micro-Cap Trust Inc. | 1.79% | 488,719 | $4.6M | Add +57.3% |
| XSSPX Nuveen S&P 500 Dynam Overwr | 1.71% | 275,950 | $4.4M | Add +47.8% |
| XEADX Allspring Income Opport | 1.64% | 633,335 | $4.2M | Add +11.7% |
| FFA First Trust Enhan Eqty Inc. | 1.54% | 210,193 | $4.0M | Add +10.0% |
| SDHY Pgim SHRT Durat Hi YLD | 1.50% | 252,359 | $3.9M | Add +29.0% |
| JFR Nuveen Floating Rate Income | 1.49% | 437,190 | $3.9M | Reduce -6.0% |
| EOD Allspring Global Dividend Op | 1.46% | 768,800 | $3.8M | Add +10.6% |
| GAM General American Investors | 1.38% | 76,463 | $3.6M | Add +38.2% |
| HGLB Highland Global Allocation | 1.35% | 455,967 | $3.5M | Add +7.3% |
| JCE Nuveen Core Equity Alpha | 1.30% | 234,193 | $3.4M | Add +1238.0% |
| ETB Eaton Vance T/M Buy-WRT Inc. | 1.30% | 245,603 | $3.4M | Add +29.5% |
| VGI Virtus Global Multi-Sector | 1.29% | 436,897 | $3.3M | Add +21.3% |
| XEVVX Eaton Vance Ltd. Durat Inc. | 1.27% | 336,662 | $3.3M | Reduce -22.9% |
| FTF Franklin Ltd. Dur Inc. TR | 1.26% | 518,783 | $3.3M | Add +103.5% |
| EEA The European Equity Fund Inc. | 1.24% | 361,027 | $3.2M | Add +10.7% |
| XEXGX Eaton Vance Tax-Managed Glob | 1.24% | 391,833 | $3.2M | Reduce -11.8% |
| XMCRX MFS Charter Income Trust | 1.17% | 476,421 | $3.0M | Add +56.2% |
| JHI John Hancock Investors TR | 1.12% | 220,220 | $2.9M | Add +13.2% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 1.11% | 191,249 | $2.9M | Reduce -19.4% |
| ETW Eaton Vance T/M GLBL Buy-WR | 1.11% | 348,448 | $2.9M | Reduce -10.8% |
| ETJ Eaton Vance RSK-MGD Divers | 1.09% | 335,907 | $2.8M | Add +60.3% |
| GF The New Germany Fund Inc. | 1.08% | 321,746 | $2.8M | Add +5.2% |
| XGDVX Gabelli Dividend & Income TR | 1.06% | 119,022 | $2.7M | Reduce -32.5% |
| XPGPX PIMCO GLBL Stockspl & Inc. | 1.06% | 354,480 | $2.7M | Add +98.6% |
| ADX Adams Diversified Equity | 1.03% | 137,042 | $2.7M | Add +558.7% |
| CSQ Calamos Strat TTL RTRN FND | 0.97% | 153,903 | $2.5M | Reduce -39.0% |
| GAB Gabelli Equity Trust | 0.95% | 443,099 | $2.4M | Reduce -7.8% |
| TEI Templeton Emrg MKTS Inc. | 0.94% | 446,002 | $2.4M | Add +14.6% |
| OPP Rivernrth/Doublelne STR Opp | 0.92% | 274,924 | $2.4M | Add +31.0% |
| SWZ Total Return Securities Fund | 0.90% | 292,378 | $2.3M | Add +1.3% |
| FPF First TR Interm Dur & Inc. | 0.86% | 123,494 | $2.2M | Reduce -13.1% |
| CHW Calamos Global Dynamic Incom | 0.85% | 336,287 | $2.2M | Reduce -27.1% |
| ACP Abrdn Income Credit Strat | 0.84% | 319,113 | $2.2M | Add +32.3% |
| TY Tri-Continental Corp. | 0.83% | 69,475 | $2.1M | Add +90.5% |
| GHY Pgim Global High Yield Fund | 0.82% | 177,501 | $2.1M | Add +230.6% |
| ISD Pgim High Yield Bond Fund | 0.82% | 162,180 | $2.1M | Add +13.0% |
| HEQ John Hancock Divers Inc. Fund | 0.81% | 200,374 | $2.1M | Reduce -9.9% |
| FSD First Trust High Income Long | 0.80% | 172,337 | $2.1M | Add +6.6% |
| BCV Bancroft Fund Ltd. | 0.78% | 125,446 | $2.0M | Add +87.3% |
| BWG Brandywineglobal Global Inco | 0.74% | 222,440 | $1.9M | Add +47.3% |
| XAGDX Abrdn GLBL DYNM Divid | 0.73% | 193,982 | $1.9M | Add +1.3% |
| BDJ BlackRock Enhanced Eqty DVD | 0.71% | 222,171 | $1.8M | Reduce -52.5% |
| VLT Invesco High Income Trust II | 0.61% | 147,806 | $1.6M | Add +8.4% |
| DFP Flaherty & Crumrine DYN Pref | 0.58% | 78,379 | $1.5M | Add +61.8% |
| RVT Royce Small-Cap Trust Inc. | 0.56% | 95,125 | $1.4M | Add +61.2% |
| XSORX Source Capital Inc. | 0.54% | 32,836 | $1.4M | Reduce -33.1% |
| XRSFX Rivernorth Capital & Income | 0.54% | 87,785 | $1.4M | New |
| PFL PIMCO Income Strategy Fund | 0.54% | 162,570 | $1.4M | Reduce -35.0% |
| PDT John Hancock Prem DVD FND | 0.53% | 116,946 | $1.4M | Add +8.9% |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 0.51% | 33,272 | $1.3M | No change |
| NFJ Virtus DVD Intrst & PRM STR | 0.50% | 101,826 | $1.3M | Add +525.7% |
| SPE Special Opportunities Fund | 0.50% | 102,759 | $1.3M | Reduce -47.9% |
| LDP Cohen & Steers Limited Durat | 0.49% | 62,591 | $1.3M | Add +49.0% |
| XEMDX Western Asset Emrg MRKT DBT | 0.48% | 128,302 | $1.2M | Add +180.3% |
| XHNWX Pioneer Diversified High | 0.48% | 104,265 | $1.2M | Reduce -32.6% |
| BRW Saba Capital Income & Opport | 0.47% | 166,533 | $1.2M | Add +335.9% |
| PPT Franklin Premir Inc. Trust-Ui | 0.47% | 342,209 | $1.2M | Add +337.7% |
| XTEAX Tortoise Sust&social Imp Ter filed as ECOFIN SUSTAINABLE AND SOCIA | 0.46% | 101,114 | $1.2M | Add +79.7% |
| AVK Advent Convert & Income | 0.46% | 99,796 | $1.2M | Reduce -56.2% |
| XIAEX Voya Asia Pac Hi DVD Eq Inc. | 0.45% | 182,946 | $1.2M | Reduce -1.1% |
| JPC Nuveen Prefered & Income Opp | 0.44% | 158,013 | $1.1M | Reduce -66.5% |
| XETYX Eaton Vance Tax-MGD Div Eqty | 0.44% | 84,424 | $1.1M | Reduce -42.5% |
| NCZ Virtus Convertible & Inc. FD | 0.43% | 371,625 | $1.1M | Add +1515.8% |
| HPI John Hancock Prefer Inc. | 0.43% | 66,374 | $1.1M | Add +65.5% |
| NCV Virtus Convertible & Income | 0.42% | 321,498 | $1.1M | Add +56.8% |
| MMT Aberdeen Multimarket Income | 0.41% | 230,526 | $1.1M | Add +6.9% |
| BGH Barings GLBL SHRT Dur Hi YLD | 0.40% | 72,075 | $1.0M | Reduce -23.4% |
| XPHDX Pioneer Floating Rate Fund | 0.40% | 106,971 | $1.0M | Add +14.2% |
| NPCT Nuveen Core Plus Impact | 0.40% | 98,884 | $1.0M | Add +221.3% |
| BLW BlackRock Ltd. Durat Inc. TR | 0.39% | 71,216 | $999K | Reduce -42.4% |
| NBXG Neuberger Next Generation Co. | 0.38% | 83,526 | $981K | Add +12.5% |
| MXE Mexico Equity and Income FD | 0.38% | 84,204 | $973K | No change |
| GGZ Gabelli Global Small & M | 0.36% | 78,248 | $941K | Add +472.7% |
| XNIEX Virtus Equity & Convertible | 0.34% | 38,974 | $873K | New |
| GLO Clough Global Opportunities | 0.34% | 171,389 | $871K | Reduce -38.3% |
| DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE | 0.32% | 341,470 | $836K | Reduce -35.9% |
| ECF Ellsworth Growth and Income | 0.31% | 97,238 | $790K | New |
| PSF Cohen & Steers Select Prefer | 0.30% | 38,902 | $778K | New |
| XEVGX Eaton Vance Short Dur Div Inc. | 0.30% | 72,355 | $764K | Add +83.0% |
| PTA Cohen & Steers Tax-Advantage | 0.29% | 38,322 | $751K | New |
| XAODX Abrdn Total Dynamic Dividend | 0.27% | 85,437 | $708K | Add +8.0% |
| EOI Eaton Vance Enhanced Eq Incm | 0.27% | 38,357 | $699K | Reduce -60.6% |
| SABA Saba Capital Income & Opport | 0.27% | 181,785 | $694K | Add +477.1% |
| FTHY First Trust Hi YLD Opp 2027 | 0.26% | 46,211 | $672K | Reduce -48.2% |
| NBB Nuveen Taxable Municipal Inc. | 0.26% | 43,375 | $668K | Add +29.3% |
| RA Brookfield Real Assets Incom | 0.26% | 51,253 | $662K | Reduce -14.8% |
| EOS Eaton Vance Enh Eqt Inc. II | 0.26% | 32,762 | $661K | Reduce -67.0% |
| XBGYX BlackRock Enh Intl DVD TR | 0.25% | 117,473 | $650K | Reduce -40.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 1,222 | $644K | New |
Portfolio Sells Q4 2023 → Q1 2024
| USA Liberty All Star Equity Fund | Sold out | 0.00% | −1.74 |
| PDO PIMCO Dynamic Income Opport | Sold out | 0.00% | −1.59 |
| PFN PIMCO Income Strategy FD II | Reduce -95.9% | 0.06% | −1.33 |
| ETG Eaton Vance T/A GL DVD Incm | Reduce -32.5% | 2.14% | −1.01 |
| CET Central Securities Corp. | Reduce -31.2% | 2.34% | −0.93 |
| JPC Nuveen Prefered & Income Opp | Reduce -66.5% | 0.44% | −0.87 |
| BDJ BlackRock Enhanced Eqty DVD | Reduce -52.5% | 0.71% | −0.77 |
| NHS Neuberger High Yield Strateg | Sold out | 0.00% | −0.62 |
| AVK Advent Convert & Income | Reduce -56.2% | 0.46% | −0.60 |
| AIO Virtus Artific Intel & Tech | Sold out | 0.00% | −0.58 |
| CSQ Calamos Strat TTL RTRN FND | Reduce -39.0% | 0.97% | −0.58 |
| CPZ Calamos LNG/SHRT Eqty & DYN | Reduce -79.0% | 0.15% | −0.57 |
| XGDVX Gabelli Dividend & Income TR | Reduce -32.5% | 1.06% | −0.51 |
| EOS Eaton Vance Enh Eqt Inc. II | Reduce -67.0% | 0.26% | −0.51 |
| SPE Special Opportunities Fund | Reduce -47.9% | 0.50% | −0.46 |
| XEVVX Eaton Vance Ltd. Durat Inc. | Reduce -22.9% | 1.27% | −0.45 |
| EOI Eaton Vance Enhanced Eq Incm | Reduce -60.6% | 0.27% | −0.39 |
| BSL Blackstone SNR Fltng RT | Sold out | 0.00% | −0.38 |
| HQL Abrdn Life Sciences Investor | Sold out | 0.00% | −0.34 |
| PFL PIMCO Income Strategy Fund | Reduce -35.0% | 0.54% | −0.34 |
| BTX BlackRock Tech & Priv Eqty | Reduce -73.7% | 0.12% | −0.32 |
| BLW BlackRock Ltd. Durat Inc. TR | Reduce -42.4% | 0.39% | −0.32 |
| XETYX Eaton Vance Tax-MGD Div Eqty | Reduce -42.5% | 0.44% | −0.30 |
| ACV Virtus Divers Inc. & Convert | Sold out | 0.00% | −0.28 |
| HPS John Hancock Prefer Inc. III | Sold out | 0.00% | −0.28 |
| XSORX Source Capital Inc. | Reduce -33.1% | 0.54% | −0.27 |
| XAWFX Alliancebernstein GL Hi Inc. | Reduce -61.4% | 0.17% | −0.27 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Reduce -93.0% | 0.02% | −0.27 |
| GCV Gabelli Convert & Inc. Sec | Reduce -91.9% | 0.02% | −0.26 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Reduce -19.4% | 1.11% | −0.26 |
| CHW Calamos Global Dynamic Incom | Reduce -27.1% | 0.85% | −0.26 |
| FTHY First Trust Hi YLD Opp 2027 | Reduce -48.2% | 0.26% | −0.25 |
| HIO Western Asset Hi Inc. Opport | Sold out | 0.00% | −0.24 |
| CGO Calamos Global Total Return | Reduce -72.4% | 0.09% | −0.21 |
| HYI Western Asset High Yield Opp | Reduce -49.2% | 0.19% | −0.21 |
| XHNWX Pioneer Diversified High | Reduce -32.6% | 0.48% | −0.21 |
| GLO Clough Global Opportunities | Reduce -38.3% | 0.34% | −0.20 |
| XMFVX MFS Special Value Trust | Sold out | 0.00% | −0.19 |
| XLGIX Lazard GLBL TTL RTRN & Inc. | Sold out | 0.00% | −0.19 |
| DHF BNYM High Yield Strategies | Reduce -35.9% | 0.32% | −0.18 |
| FGB First Trust Special Financ | Sold out | 0.00% | −0.18 |
| RQI Cohen & Steers Qual Inc. RLTY | Sold out | 0.00% | −0.18 |
| XBGYX BlackRock Enh Intl DVD TR | Reduce -40.5% | 0.25% | −0.18 |
| XEXGX Eaton Vance Tax-Managed Glob | Reduce -11.8% | 1.24% | −0.17 |
| FINS Angel Oak Financ Strat Inc. | Sold out | 0.00% | −0.16 |
| XAWPX Abrdn Global Premier Propert | Sold out | 0.00% | −0.14 |
| ETW Eaton Vance T/M GLBL Buy-WR | Reduce -10.8% | 1.11% | −0.14 |
| DSL Doubleline Income Solutions | Reduce -43.9% | 0.16% | −0.14 |
| EDF VSH Emerging Markets Income | Sold out | 0.00% | −0.13 |
| BGX Blackstone Long-Short Credit | Reduce -39.9% | 0.20% | −0.13 |
Portfolio Buys Q4 2023 → Q1 2024
| JCE Nuveen Core Equity Alpha | Add +1238.0% | 1.30% | +1.20 |
| CII BlackRock Enhan LRG Cap Core | Add +91.2% | 2.30% | +1.05 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Add +90.3% | 2.18% | +1.04 |
| ADX Adams Diversified Equity | Add +558.7% | 1.03% | +0.88 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Add +39.0% | 2.23% | +0.62 |
| RMT Royce Micro-Cap Trust Inc. | Add +57.3% | 1.79% | +0.61 |
| FTF Franklin Ltd. Dur Inc. TR | Add +103.5% | 1.26% | +0.61 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +29.5% | 2.66% | +0.58 |
| GHY Pgim Global High Yield Fund | Add +230.6% | 0.82% | +0.57 |
| XSSPX Nuveen S&P 500 Dynam Overwr | Add +47.8% | 1.71% | +0.55 |
| ASG Liberty All-Star Growth FD | Add +28.8% | 2.77% | +0.54 |
| XRSFX Rivernorth Capital & Income | New | 0.54% | +0.54 |
| XPGPX PIMCO GLBL Stockspl & Inc. | Add +98.6% | 1.06% | +0.51 |
| STEW SRH Total Return Fund Inc. | Add +9.8% | 3.96% | +0.43 |
| NFJ Virtus DVD Intrst & PRM STR | Add +525.7% | 0.50% | +0.42 |
| ERC Allspring Multi-Sector Inc. | Add +38.1% | 1.86% | +0.41 |
| ETJ Eaton Vance RSK-MGD Divers | Add +60.3% | 1.09% | +0.41 |
| NCZ Virtus Convertible & Inc. FD | Add +1515.8% | 0.43% | +0.40 |
| GAM General American Investors | Add +38.2% | 1.38% | +0.40 |
| TY Tri-Continental Corp. | Add +90.5% | 0.83% | +0.40 |
| ETV Eaton Vance T/M Buy-Writ Opp | Add +27.2% | 1.79% | +0.37 |
| XMCRX MFS Charter Income Trust | Add +56.2% | 1.17% | +0.36 |
| PPT Franklin Premir Inc. Trust-Ui | Add +337.7% | 0.47% | +0.35 |
| BRW Saba Capital Income & Opport | Add +335.9% | 0.47% | +0.35 |
| XNIEX Virtus Equity & Convertible | New | 0.34% | +0.34 |
| BCV Bancroft Fund Ltd. | Add +87.3% | 0.78% | +0.34 |
| XEMDX Western Asset Emrg MRKT DBT | Add +180.3% | 0.48% | +0.31 |
| ECF Ellsworth Growth and Income | New | 0.31% | +0.31 |
| PSF Cohen & Steers Select Prefer | New | 0.30% | +0.30 |
| GGZ Gabelli Global Small & M | Add +472.7% | 0.36% | +0.30 |
| PTA Cohen & Steers Tax-Advantage | New | 0.29% | +0.29 |
| SDHY Pgim SHRT Durat Hi YLD | Add +29.0% | 1.50% | +0.29 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Add +29.5% | 1.30% | +0.29 |
| NPCT Nuveen Core Plus Impact | Add +221.3% | 0.40% | +0.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.25% | +0.25 |
| BTO John Hancock Financial Opp | New | 0.24% | +0.24 |
| DFP Flaherty & Crumrine DYN Pref | Add +61.8% | 0.58% | +0.23 |
| SABA Saba Capital Income & Opport | Add +477.1% | 0.27% | +0.22 |
| BWG Brandywineglobal Global Inco | Add +47.3% | 0.74% | +0.22 |
| ETO Eaton Vance T/A GLBL DVD Opp | New | 0.21% | +0.21 |
| RVT Royce Small-Cap Trust Inc. | Add +61.2% | 0.56% | +0.21 |
| OPP Rivernrth/Doublelne STR Opp | Add +31.0% | 0.92% | +0.20 |
| EOD Allspring Global Dividend Op | Add +10.6% | 1.46% | +0.19 |
| XTEAX Tortoise Sust&social Imp Ter | Add +79.7% | 0.46% | +0.19 |
| LDP Cohen & Steers Limited Durat | Add +49.0% | 0.49% | +0.17 |
| HPI John Hancock Prefer Inc. | Add +65.5% | 0.43% | +0.17 |
| IGA Voya Global Advan & Prem Opp | New | 0.16% | +0.16 |
| ECAT BlackRock ESG Cap All TRM TR | New | 0.16% | +0.16 |
| ACP Abrdn Income Credit Strat | Add +32.3% | 0.84% | +0.16 |
| VGI Virtus Global Multi-Sector | Add +21.3% | 1.29% | +0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 148 | $319.2M | GAB, RVT, USA, SPE, JCE |
| Q1 2026 | 145 | $286.9M | CSQ, JCE, ASG, ETG, FFA |
| Q4 2025 | 165 | $315.5M | JCE, RMT, ASG, ETB, USA |
| Q3 2025 | 148 | $291.6M | CSQ, RMT, JCE, USA, ETB |
| Q2 2025 | 147 | $275.8M | CET, RMT, RVT, JCE, ETB |
| Q1 2025 | 153 | $256.9M | CET, GAM, RMT, ETB, ASG |
| Q4 2024 | 176 | $261.0M | STEW, CET, RMT, ASG, CSQ |
| Q3 2024 | 157 | $265.3M | STEW, FUND, QQQX, ASG, CII |
| Q2 2024 | 157 | $247.3M | STEW, FUND, ASG, QQQX, XBXMX |
| Q1 2024 | 157 | $258.4M | STEW, FUND, ASG, XBXMX, CET |