Shaker Financial Services, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Shaker Financial Services, LLC reported 176 stock positions worth $261.0 million. Its top holding was SRH Total Return Fund (STEW) at 4.5% of the portfolio, followed by Central Securities (CET, 2.9%) and Royce Micro-Cap Trust (RMT, 2.7%). Compared with Q3 2024, it opened 28 new positions, sold out of 9, added to 65 and reduced 79. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +417%) and the biggest sale BlackRock Enhan LRG Cap Core (CII, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- Arlington, VA
- CIK
- 0001511794
- Portfolio Value
- $261.0M (Q4 2024)
- SEC Filing
- 0001172661-25-000750 ↗ filed Feb 13, 2025
Holdings Value
Holdings 176 stocks · $261.0M
| STEW SRH Total Return Fund Inc. | 4.46% | 726,726 | $11.6M | Add +10.9% |
| CET Central Securities Corp. | 2.93% | 167,641 | $7.7M | Add +20.3% |
| RMT Royce Micro-Cap Trust Inc. | 2.74% | 734,786 | $7.2M | Add +18.6% |
| ASG Liberty All-Star Growth FD | 2.73% | 1,239,683 | $7.1M | Reduce -1.3% |
| CSQ Calamos Strat TTL RTRN FND | 2.46% | 360,621 | $6.4M | Add +7.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.13% | 9,454 | $5.6M | Add +416.9% |
| TY Tri-Continental Corp. | 1.99% | 164,067 | $5.2M | Add +1.9% |
| CHW Calamos Global Dynamic Incom | 1.88% | 721,031 | $4.9M | Reduce -14.8% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 1.85% | 178,663 | $4.8M | Reduce -37.1% |
| HGLB Highland Global Allocation | 1.74% | 667,027 | $4.5M | Add +1.4% |
| ETG Eaton Vance T/A GL DVD Incm | 1.71% | 244,573 | $4.5M | Add +23.5% |
| XEADX Allspring Income Opport | 1.69% | 635,994 | $4.4M | Add +2.2% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 1.67% | 181,673 | $4.4M | Reduce -12.1% |
| XSSPX Nuveen S&P 500 Dynam Overwr | 1.67% | 245,444 | $4.4M | Add +3.2% |
| BDJ BlackRock Enhanced Eqty DVD | 1.55% | 487,926 | $4.0M | Add +120.6% |
| SDHY Pgim SHRT Durat Hi YLD | 1.52% | 244,735 | $4.0M | Add +3.4% |
| ERC Allspring Multi-Sector Inc. | 1.34% | 376,291 | $3.5M | Reduce -18.7% |
| ETB Eaton Vance T/M Buy-WRT Inc. | 1.26% | 219,102 | $3.3M | Reduce -32.8% |
| FAX Abrdn Asia-Pacific Income | 1.25% | 219,257 | $3.3M | Add +638.9% |
| JCE Nuveen Core Equity Alpha | 1.20% | 197,446 | $3.1M | Add +781.7% |
| ETW Eaton Vance T/M GLBL Buy-WR | 1.19% | 367,624 | $3.1M | Add +577.5% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 1.15% | 214,868 | $3.0M | Reduce -33.2% |
| ADX Adams Diversified Equity | 1.14% | 147,864 | $3.0M | Reduce -28.3% |
| FTF Franklin Ltd. Dur Inc. TR | 1.12% | 441,873 | $2.9M | Add +11.9% |
| XEXGX Eaton Vance Tax-Managed Glob | 1.12% | 357,913 | $2.9M | Add +0.4% |
| USA Liberty All Star Equity Fund | 1.10% | 409,094 | $2.9M | Reduce -19.8% |
| ETV Eaton Vance T/M Buy-Writ Opp | 1.06% | 192,501 | $2.8M | Reduce -36.1% |
| FUND Sprott Focus Trust Inc. | 1.05% | 375,210 | $2.7M | Reduce -61.5% |
| ETJ Eaton Vance RSK-MGD Divers | 1.01% | 282,970 | $2.6M | Add +295.2% |
| HEQ John Hancock Divers Inc. Fund | 0.98% | 249,606 | $2.5M | Add +39.8% |
| EEA The European Equity Fund Inc. | 0.96% | 301,459 | $2.5M | Reduce -20.5% |
| FFA First Trust Enhan Eqty Inc. | 0.95% | 119,142 | $2.5M | Add +1.0% |
| XGDVX Gabelli Dividend & Income TR | 0.94% | 102,082 | $2.5M | Add +74.0% |
| NMAI Nuveen Multi-Asset Income | 0.89% | 193,247 | $2.3M | Add +152.4% |
| SPE Special Opportunities Fund | 0.88% | 157,812 | $2.3M | Add +148.0% |
| STK Columbia Slgmn Prem Tech GR | 0.83% | 67,665 | $2.2M | Add +0.6% |
| JGH Nuveen Global High Income | 0.80% | 162,483 | $2.1M | Add +93.5% |
| XMCRX MFS Charter Income Trust | 0.77% | 314,069 | $2.0M | Reduce -29.9% |
| VGI Virtus Global Multi-Sector | 0.76% | 259,354 | $2.0M | Reduce -25.3% |
| FINS Angel Oak Financ Strat Inc. | 0.75% | 154,668 | $2.0M | Add +56.5% |
| HYI Western Asset High Yield Opp | 0.73% | 161,521 | $1.9M | Add +11.7% |
| NPCT Nuveen Core Plus Impact | 0.73% | 180,700 | $1.9M | Add +82.3% |
| SWZ Total Return Securities Fund | 0.72% | 252,561 | $1.9M | Reduce -22.9% |
| XEVVX Eaton Vance Ltd. Durat Inc. | 0.69% | 185,412 | $1.8M | Add +105.4% |
| BWG Brandywineglobal Global Inco | 0.69% | 225,387 | $1.8M | Reduce -13.4% |
| PDT John Hancock Prem DVD FND | 0.66% | 135,139 | $1.7M | Reduce -18.8% |
| DBL Doubleline Opport Credit | 0.66% | 110,583 | $1.7M | Reduce -19.0% |
| FPF First TR Interm Dur & Inc. | 0.65% | 93,141 | $1.7M | Reduce -20.1% |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 0.63% | 35,411 | $1.6M | Add +14.3% |
| BRW Saba Capital Income & Opport | 0.63% | 215,330 | $1.6M | Add +129.9% |
| SABA Saba Capital Income & Opp II | 0.62% | 179,109 | $1.6M | Add +16.9% |
| XEMDX Western Asset Emrg MRKT DBT | 0.62% | 167,885 | $1.6M | Add +38.1% |
| CII BlackRock Enhan LRG Cap Core | 0.60% | 78,453 | $1.6M | Reduce -76.9% |
| XETYX Eaton Vance Tax-MGD Div Eqty | 0.58% | 100,633 | $1.5M | Reduce -52.2% |
| DFP Flaherty & Crumrine DYN Pref | 0.57% | 75,240 | $1.5M | Add +69.8% |
| FCT First Trust SNR FL RT Inc. II | 0.57% | 144,453 | $1.5M | Add +152.1% |
| EOD Allspring Global Dividend Op | 0.57% | 292,207 | $1.5M | Reduce -14.8% |
| XPHTX Pioneer High Income Fund | 0.56% | 189,954 | $1.5M | Add +32.0% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.56% | 96,529 | $1.5M | Reduce -54.5% |
| JHI John Hancock Investors TR | 0.55% | 105,114 | $1.4M | Reduce -24.1% |
| LDP Cohen & Steers Limited Durat | 0.55% | 70,608 | $1.4M | Add +10.1% |
| GF The New Germany Fund Inc. | 0.54% | 178,169 | $1.4M | Reduce -34.1% |
| ISD Pgim High Yield Bond Fund | 0.53% | 100,959 | $1.4M | Reduce -43.8% |
| PSF Cohen & Steers Select Prefer | 0.51% | 67,668 | $1.3M | Reduce -17.2% |
| MCN Xai Madison Equity Premium I | 0.50% | 193,217 | $1.3M | New |
| CGO Calamos Global Total Return | 0.50% | 113,152 | $1.3M | New |
| GLO Clough Global Opportunities | 0.48% | 246,878 | $1.3M | Add +8.1% |
| MMT Aberdeen Multimarket Income | 0.48% | 269,501 | $1.3M | Reduce -5.8% |
| WDI Western Asset Divers Inc. | 0.45% | 83,036 | $1.2M | Add +203.7% |
| RVT Royce Small-Cap Trust Inc. | 0.45% | 74,500 | $1.2M | Reduce -38.2% |
| RIV Rivernorth Opportunities | 0.44% | 101,071 | $1.2M | New |
| BCV Bancroft Fund Ltd. | 0.44% | 65,394 | $1.2M | Reduce -22.1% |
| ACP Abrdn Income Credit Strat | 0.44% | 188,149 | $1.1M | Reduce -57.6% |
| HIX Western Asset High Inc. II | 0.43% | 268,264 | $1.1M | Add +2.3% |
| GHY Pgim Global High Yield Fund | 0.43% | 90,701 | $1.1M | Reduce -49.6% |
| GGZ Gabelli Global Small & M | 0.43% | 95,751 | $1.1M | Add +54.0% |
| XBGYX BlackRock Enh Intl DVD TR | 0.42% | 205,142 | $1.1M | Add +31.4% |
| ETO Eaton Vance T/A GLBL DVD Opp | 0.42% | 42,950 | $1.1M | Add +97.6% |
| NHS Neuberger High Yield Strateg | 0.41% | 144,512 | $1.1M | New |
| BGB Blackstone Strategic Credit | 0.40% | 85,547 | $1.1M | Reduce -3.8% |
| XPHDX Pioneer Floating Rate Fund | 0.40% | 107,446 | $1.0M | Add +13.3% |
| ECF Ellsworth Growth and Income | 0.40% | 106,451 | $1.0M | Reduce -4.3% |
| JFR Nuveen Floating Rate Income | 0.39% | 115,292 | $1.0M | Reduce -34.9% |
| XIAEX Voya Asia Pac Hi DVD Eq Inc. | 0.38% | 162,620 | $996K | Reduce -4.6% |
| PTA Cohen & Steers Tax-Advantage | 0.38% | 51,720 | $994K | Add +167.5% |
| RGT Royce Global Trust Inc. | 0.36% | 88,295 | $947K | Add +70.6% |
| BTO John Hancock Financial Opp | 0.36% | 26,308 | $939K | Reduce -55.9% |
| XGLQX Clough Global Equity Fund | 0.36% | 140,053 | $933K | Add +198.1% |
| THQ Abrdn Healthcare Opport | 0.35% | 48,500 | $924K | New |
| DSL Doubleline Income Solutions | 0.35% | 73,076 | $919K | Add +84.8% |
| XRSFX Rivernorth Capital & Income | 0.35% | 59,021 | $911K | New |
| TDF Templeton Dragon Fund Inc. | 0.35% | 106,847 | $907K | Add +13.1% |
| XSORX Source Capital Inc. | 0.34% | 18,038 | $884K | Reduce -70.0% |
| BGX Blackstone Long-Short Credit | 0.33% | 68,984 | $861K | Add +357.3% |
| TEI Templeton Emrg MKTS Inc. | 0.32% | 164,074 | $842K | Add +16.3% |
| CHINA FUND INC | 0.32% | 68,086 | $822K | Add +8.3% |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.31% | 67,422 | $821K | New |
| ACV Virtus Divers Inc. & Convert | 0.31% | 36,953 | $811K | Reduce -27.4% |
| CBRE GBL REAL ESTATE INC FD | 0.31% | 166,795 | $802K | New |
| BGH Barings GLBL SHRT Dur Hi YLD | 0.30% | 50,799 | $790K | Reduce -28.4% |
Portfolio Sells Q3 2024 → Q4 2024
| CII BlackRock Enhan LRG Cap Core | Reduce -76.9% | 0.60% | −1.92 |
| FUND Sprott Focus Trust Inc. | Reduce -61.5% | 1.05% | −1.78 |
| GAB Gabelli Equity Trust | Reduce -90.7% | 0.13% | −1.23 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Reduce -37.1% | 1.85% | −0.88 |
| ACP Abrdn Income Credit Strat | Reduce -57.6% | 0.44% | −0.67 |
| XSORX Source Capital Inc. | Reduce -70.0% | 0.34% | −0.67 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Reduce -54.5% | 0.56% | −0.65 |
| XETYX Eaton Vance Tax-MGD Div Eqty | Reduce -52.2% | 0.58% | −0.59 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Reduce -33.2% | 1.15% | −0.54 |
| ADX Adams Diversified Equity | Reduce -28.3% | 1.14% | −0.53 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Reduce -32.8% | 1.26% | −0.51 |
| ETV Eaton Vance T/M Buy-Writ Opp | Reduce -36.1% | 1.06% | −0.50 |
| GHY Pgim Global High Yield Fund | Reduce -49.6% | 0.43% | −0.44 |
| ISD Pgim High Yield Bond Fund | Reduce -43.8% | 0.53% | −0.41 |
| CHW Calamos Global Dynamic Incom | Reduce -14.8% | 1.88% | −0.41 |
| BTO John Hancock Financial Opp | Reduce -55.9% | 0.36% | −0.39 |
| EEA The European Equity Fund Inc. | Reduce -20.5% | 0.96% | −0.38 |
| EOS Eaton Vance Enh Eqt Inc. II | Reduce -80.5% | 0.11% | −0.38 |
| SWZ Total Return Securities Fund | Reduce -22.9% | 0.72% | −0.38 |
| BST BlackRock Science & Tech TR | Reduce -62.2% | 0.25% | −0.38 |
| GF The New Germany Fund Inc. | Reduce -34.1% | 0.54% | −0.37 |
| EHI Western Asset Global High Inc. | Reduce -86.5% | 0.05% | −0.35 |
| ERC Allspring Multi-Sector Inc. | Reduce -18.7% | 1.34% | −0.35 |
| XMCRX MFS Charter Income Trust | Reduce -29.9% | 0.77% | −0.34 |
| VGI Virtus Global Multi-Sector | Reduce -25.3% | 0.76% | −0.30 |
| USA Liberty All Star Equity Fund | Reduce -19.8% | 1.10% | −0.26 |
| RVT Royce Small-Cap Trust Inc. | Reduce -38.2% | 0.45% | −0.26 |
| PPT Franklin Premir Inc. Trust-Ui | Reduce -67.8% | 0.12% | −0.26 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -12.1% | 1.67% | −0.25 |
| XPGPX PIMCO GLBL Stockspl & Inc. | Reduce -42.6% | 0.28% | −0.24 |
| INSIGHT SELECT INCOME FUND | Reduce -62.6% | 0.14% | −0.23 |
| XHNWX Pioneer Diversified High | Reduce -43.6% | 0.28% | −0.22 |
| AIO Virtus Artific Intel & Tech | Reduce -74.7% | 0.09% | −0.21 |
| FPF First TR Interm Dur & Inc. | Reduce -20.1% | 0.65% | −0.21 |
| JFR Nuveen Floating Rate Income | Reduce -34.9% | 0.39% | −0.19 |
| RA Brookfield Real Assets Incom | Reduce -56.9% | 0.14% | −0.19 |
| BWG Brandywineglobal Global Inco | Reduce -13.4% | 0.69% | −0.18 |
| AVK Advent Convert & Income | Sold out | 0.00% | −0.18 |
| JHI John Hancock Investors TR | Reduce -24.1% | 0.55% | −0.18 |
| EDD Morgan Stanley Emrg MRK Dom | Reduce -34.9% | 0.27% | −0.18 |
| PDT John Hancock Prem DVD FND | Reduce -18.8% | 0.66% | −0.17 |
| NCZ Virtus Convertible & Inc. FD | Reduce -73.8% | 0.06% | −0.16 |
| DBL Doubleline Opport Credit | Reduce -19.0% | 0.66% | −0.16 |
| ZTR Virtus Total Return Fund Inc. | Reduce -33.4% | 0.27% | −0.15 |
| XNIEX Virtus Equity & Convertible | Sold out | 0.00% | −0.15 |
| PSF Cohen & Steers Select Prefer | Reduce -17.2% | 0.51% | −0.15 |
| NFJ Virtus DVD Intrst & PRM STR | Sold out | 0.00% | −0.15 |
| MIN Aberdeen Intermediate Inc. FD | Reduce -76.7% | 0.04% | −0.14 |
| JPC Nuveen Prefered & Income Opp | Reduce -75.5% | 0.04% | −0.13 |
| OPP Rivernrth/Doublelne STR Opp | Reduce -28.1% | 0.26% | −0.13 |
Portfolio Buys Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Add +416.9% | 2.13% | +1.73 |
| JCE Nuveen Core Equity Alpha | Add +781.7% | 1.20% | +1.07 |
| FAX Abrdn Asia-Pacific Income | Add +638.9% | 1.25% | +1.05 |
| ETW Eaton Vance T/M GLBL Buy-WR | Add +577.5% | 1.19% | +1.01 |
| BDJ BlackRock Enhanced Eqty DVD | Add +120.6% | 1.55% | +0.83 |
| ETJ Eaton Vance RSK-MGD Divers | Add +295.2% | 1.01% | +0.76 |
| STEW SRH Total Return Fund Inc. | Add +10.9% | 4.46% | +0.56 |
| SPE Special Opportunities Fund | Add +148.0% | 0.88% | +0.55 |
| CET Central Securities Corp. | Add +20.3% | 2.93% | +0.53 |
| NMAI Nuveen Multi-Asset Income | Add +152.4% | 0.89% | +0.51 |
| RMT Royce Micro-Cap Trust Inc. | Add +18.6% | 2.74% | +0.50 |
| MCN Xai Madison Equity Premium I | New | 0.50% | +0.50 |
| CGO Calamos Global Total Return | New | 0.50% | +0.50 |
| RIV Rivernorth Opportunities | New | 0.44% | +0.44 |
| NHS Neuberger High Yield Strateg | New | 0.41% | +0.41 |
| XGDVX Gabelli Dividend & Income TR | Add +74.0% | 0.94% | +0.40 |
| JGH Nuveen Global High Income | Add +93.5% | 0.80% | +0.37 |
| BRW Saba Capital Income & Opport | Add +129.9% | 0.63% | +0.36 |
| THQ Abrdn Healthcare Opport | New | 0.35% | +0.35 |
| FCT First Trust SNR FL RT Inc. II | Add +152.1% | 0.57% | +0.35 |
| XRSFX Rivernorth Capital & Income | New | 0.35% | +0.35 |
| XEVVX Eaton Vance Ltd. Durat Inc. | Add +105.4% | 0.69% | +0.34 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | New | 0.31% | +0.31 |
| CBRE GBL REAL ESTATE INC FD | New | 0.31% | +0.31 |
| WDI Western Asset Divers Inc. | Add +203.7% | 0.45% | +0.29 |
| ASGI Abrdn Global Infrastructure | New | 0.29% | +0.29 |
| NPCT Nuveen Core Plus Impact | Add +82.3% | 0.73% | +0.28 |
| BMEZ BlackRock HLTH Sci TRM TR II | New | 0.27% | +0.27 |
| FINS Angel Oak Financ Strat Inc. | Add +56.5% | 0.75% | +0.26 |
| CSQ Calamos Strat TTL RTRN FND | Add +7.1% | 2.46% | +0.26 |
| ETG Eaton Vance T/A GL DVD Incm | Add +23.5% | 1.71% | +0.26 |
| BGX Blackstone Long-Short Credit | Add +357.3% | 0.33% | +0.26 |
| XSCDX LMP Capital and Income Fund | New | 0.25% | +0.25 |
| XAWFX Alliancebernstein GL Hi Inc. | New | 0.24% | +0.24 |
| HEQ John Hancock Divers Inc. Fund | Add +39.8% | 0.98% | +0.24 |
| XGLQX Clough Global Equity Fund | Add +198.1% | 0.36% | +0.23 |
| PTA Cohen & Steers Tax-Advantage | Add +167.5% | 0.38% | +0.23 |
| GDO Western Ast GLB Corp. Opprnty | New | 0.22% | +0.22 |
| DFP Flaherty & Crumrine DYN Pref | Add +69.8% | 0.57% | +0.22 |
| ETO Eaton Vance T/A GLBL DVD Opp | Add +97.6% | 0.42% | +0.20 |
| BTX BlackRock Tech & Priv Eqty | Add +682.9% | 0.23% | +0.20 |
| FTHY First Trust Hi YLD Opp 2027 | Add +240.6% | 0.27% | +0.19 |
| XLGIX Lazard GLBL TTL RTRN & Inc. | New | 0.19% | +0.19 |
| IDE Voya Infrastructure Indust | New | 0.17% | +0.17 |
| DSL Doubleline Income Solutions | Add +84.8% | 0.35% | +0.16 |
| CPZ Calamos LNG/SHRT Eqty & DYN | Add +132.4% | 0.28% | +0.16 |
| XEMDX Western Asset Emrg MRKT DBT | Add +38.1% | 0.62% | +0.15 |
| BCAT BlackRock Capital Alloc TR | New | 0.15% | +0.15 |
| XSSPX Nuveen S&P 500 Dynam Overwr | Add +3.2% | 1.67% | +0.14 |
| JRS Nuveen Real Estate Income | New | 0.14% | +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 |