Shaker Financial Services, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Shaker Financial Services, LLC reported 153 stock positions worth $256.9 million. Its top holding was Central Securities (CET) at 3.2% of the portfolio, followed by General American Investors (GAM, 3.1%) and Royce Micro-Cap Trust (RMT, 3.0%). Compared with Q4 2024, it opened 10 new positions, sold out of 33, added to 76 and reduced 62. The biggest buy was a new position in General American Investors (GAM) and the biggest sale SRH Total Return Fund (STEW, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- Arlington, VA
- CIK
- 0001511794
- Portfolio Value
- $256.9M (Q1 2025)
- SEC Filing
- 0001172661-25-001629 ↗ filed May 9, 2025
Holdings Value
Holdings 153 stocks · $256.9M
| CET Central Securities Corp. | 3.16% | 180,813 | $8.1M | Add +7.9% |
| GAM General American Investors | 3.11% | 158,628 | $8.0M | New |
| RMT Royce Micro-Cap Trust Inc. | 2.98% | 907,197 | $7.6M | Add +23.5% |
| ETB Eaton Vance T/M Buy-WRT Inc. | 2.94% | 553,541 | $7.6M | Add +152.6% |
| ASG Liberty All-Star Growth FD | 2.83% | 1,486,164 | $7.3M | Add +19.9% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 2.61% | 288,572 | $6.7M | Add +58.8% |
| CSQ Calamos Strat TTL RTRN FND | 2.28% | 361,493 | $5.8M | Add +0.2% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 2.08% | 220,010 | $5.3M | Add +23.1% |
| JCE Nuveen Core Equity Alpha | 2.01% | 347,176 | $5.2M | Add +75.8% |
| STEW SRH Total Return Fund Inc. | 1.89% | 280,886 | $4.8M | Reduce -61.4% |
| CHW Calamos Global Dynamic Incom | 1.84% | 739,541 | $4.7M | Add +2.6% |
| ETJ Eaton Vance RSK-MGD Divers | 1.71% | 519,255 | $4.4M | Add +83.5% |
| RVT Royce Small-Cap Trust Inc. | 1.58% | 284,397 | $4.0M | Add +281.7% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 1.56% | 270,147 | $4.0M | Add +179.9% |
| ADX Adams Diversified Equity | 1.53% | 207,446 | $3.9M | Add +40.3% |
| XEADX Allspring Income Opport | 1.51% | 563,140 | $3.9M | Reduce -11.5% |
| EEA The European Equity Fund Inc. | 1.39% | 392,572 | $3.6M | Add +30.2% |
| FTF Franklin Ltd. Dur Inc. TR | 1.38% | 548,672 | $3.5M | Add +24.2% |
| NMAI Nuveen Multi-Asset Income | 1.36% | 286,041 | $3.5M | Add +48.0% |
| NPCT Nuveen Core Plus Impact | 1.29% | 307,381 | $3.3M | Add +70.1% |
| ERC Allspring Multi-Sector Inc. | 1.21% | 333,567 | $3.1M | Reduce -11.3% |
| XGDVX Gabelli Dividend & Income TR | 1.18% | 125,316 | $3.0M | Add +22.8% |
| ETG Eaton Vance T/A GL DVD Incm | 1.16% | 163,513 | $3.0M | Reduce -33.1% |
| CII BlackRock Enhan LRG Cap Core | 1.10% | 153,671 | $2.8M | Add +95.9% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 1.10% | 209,352 | $2.8M | Reduce -2.6% |
| ETW Eaton Vance T/M GLBL Buy-WR | 1.09% | 339,687 | $2.8M | Reduce -7.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.09% | 5,000 | $2.8M | Reduce -47.1% |
| TY Tri-Continental Corp. | 1.08% | 90,287 | $2.8M | Reduce -45.0% |
| BTX BlackRock Tech & Priv Eqty | 1.06% | 434,069 | $2.7M | Add +446.1% |
| HIX Western Asset High Inc. II | 1.00% | 609,954 | $2.6M | Add +127.4% |
| HEQ John Hancock Divers Inc. Fund | 0.99% | 244,857 | $2.5M | Reduce -1.9% |
| VGI Virtus Global Multi-Sector | 0.94% | 312,741 | $2.4M | Add +20.6% |
| BDJ BlackRock Enhanced Eqty DVD | 0.92% | 275,312 | $2.4M | Reduce -43.6% |
| FUND Sprott Focus Trust Inc. | 0.91% | 317,148 | $2.4M | Reduce -15.5% |
| MCN Xai Madison Equity Premium I | 0.88% | 358,126 | $2.3M | Add +85.3% |
| JGH Nuveen Global High Income | 0.88% | 171,164 | $2.3M | Add +5.3% |
| SABA Saba Capital Income & Opp II | 0.86% | 252,519 | $2.2M | Add +41.0% |
| USA Liberty All Star Equity Fund | 0.82% | 320,223 | $2.1M | Reduce -21.7% |
| BWG Brandywineglobal Global Inco | 0.82% | 248,860 | $2.1M | Add +10.4% |
| CGO Calamos Global Total Return | 0.80% | 199,765 | $2.1M | Add +76.5% |
| NFJ Virtus DVD Intrst & PRM STR | 0.79% | 167,884 | $2.0M | New |
| JHI John Hancock Investors TR | 0.77% | 146,399 | $2.0M | Add +39.3% |
| XMCRX MFS Charter Income Trust | 0.77% | 314,201 | $2.0M | Add +0.0% |
| XEVVX Eaton Vance Ltd. Durat Inc. | 0.76% | 195,810 | $2.0M | Add +5.6% |
| XEMDX Western Asset Emrg MRKT DBT | 0.76% | 195,763 | $2.0M | Add +16.6% |
| SDHY Pgim SHRT Durat Hi YLD | 0.76% | 117,697 | $1.9M | Reduce -51.9% |
| LDP Cohen & Steers Limited Durat | 0.74% | 93,085 | $1.9M | Add +31.8% |
| HYI Western Asset High Yield Opp | 0.72% | 154,820 | $1.8M | Reduce -4.2% |
| FINS Angel Oak Financ Strat Inc. | 0.70% | 133,384 | $1.8M | Reduce -13.8% |
| FFA First Trust Enhan Eqty Inc. | 0.69% | 91,456 | $1.8M | Reduce -23.2% |
| FTHY First Trust Hi YLD Opp 2027 | 0.67% | 119,808 | $1.7M | Add +142.6% |
| EHI Western Asset Global High Inc. | 0.67% | 256,935 | $1.7M | Add +1138.7% |
| FCT First Trust SNR FL RT Inc. II | 0.66% | 167,587 | $1.7M | Add +16.0% |
| XAWFX Alliancebernstein GL Hi Inc. | 0.66% | 157,981 | $1.7M | Add +168.7% |
| XPHTX Pioneer High Income Fund | 0.65% | 214,755 | $1.7M | Add +13.1% |
| VLT Invesco High Income Trust II | 0.62% | 149,862 | $1.6M | Add +126.9% |
| PDT John Hancock Prem DVD FND | 0.61% | 120,416 | $1.6M | Reduce -10.9% |
| EOI Eaton Vance Enhanced Eq Incm | 0.61% | 83,649 | $1.6M | Add +276.6% |
| XPGPX PIMCO GLBL Stockspl & Inc. | 0.60% | 187,947 | $1.5M | Add +99.2% |
| BGB Blackstone Strategic Credit | 0.59% | 124,791 | $1.5M | Add +45.9% |
| BRW Saba Capital Income & Opport | 0.58% | 193,307 | $1.5M | Reduce -10.2% |
| BGH Barings GLBL SHRT Dur Hi YLD | 0.58% | 98,488 | $1.5M | Add +93.9% |
| DFP Flaherty & Crumrine DYN Pref | 0.58% | 73,872 | $1.5M | Reduce -1.8% |
| FAX Abrdn Asia-Pacific Income | 0.58% | 95,011 | $1.5M | Reduce -56.7% |
| MMT Aberdeen Multimarket Income | 0.56% | 309,055 | $1.4M | Add +14.7% |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 0.56% | 43,272 | $1.4M | Add +22.2% |
| ASGI Abrdn Global Infrastructure | 0.55% | 76,829 | $1.4M | Add +80.7% |
| XNIEX Virtus Equity & Convertible | 0.55% | 63,582 | $1.4M | New |
| RQI Cohen & Steers Qual Inc. RLTY | 0.53% | 107,500 | $1.4M | New |
| PSF Cohen & Steers Select Prefer | 0.53% | 67,543 | $1.4M | Reduce -0.2% |
| GLO Clough Global Opportunities | 0.50% | 263,762 | $1.3M | Add +6.8% |
| ECF Ellsworth Growth and Income | 0.50% | 141,706 | $1.3M | Add +33.1% |
| FPF First TR Interm Dur & Inc. | 0.50% | 69,925 | $1.3M | Reduce -24.9% |
| PTA Cohen & Steers Tax-Advantage | 0.50% | 65,822 | $1.3M | Add +27.3% |
| DBL Doubleline Opport Credit | 0.47% | 78,007 | $1.2M | Reduce -29.5% |
| XPHDX Pioneer Floating Rate Fund | 0.47% | 128,727 | $1.2M | Add +19.8% |
| XBGYX BlackRock Enh Intl DVD TR | 0.46% | 211,141 | $1.2M | Add +2.9% |
| RGT Royce Global Trust Inc. | 0.46% | 112,439 | $1.2M | Add +27.3% |
| XLGIX Lazard GLBL TTL RTRN & Inc. | 0.45% | 75,389 | $1.2M | Add +142.1% |
| SPE Special Opportunities Fund | 0.45% | 77,098 | $1.2M | Reduce -51.1% |
| XSORX Source Capital Inc. | 0.43% | 26,591 | $1.1M | Add +47.4% |
| ACP Abrdn Income Credit Strat | 0.42% | 183,751 | $1.1M | Reduce -2.3% |
| XIAEX Voya Asia Pac Hi DVD Eq Inc. | 0.42% | 174,882 | $1.1M | Add +7.5% |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | 0.42% | 185,978 | $1.1M | Add +66.4% |
| ETO Eaton Vance T/A GLBL DVD Opp | 0.40% | 41,701 | $1.0M | Reduce -2.9% |
| DSL Doubleline Income Solutions | 0.39% | 79,596 | $1.0M | Add +8.9% |
| ETV Eaton Vance T/M Buy-Writ Opp | 0.38% | 73,618 | $972K | Reduce -61.8% |
| BGX Blackstone Long-Short Credit | 0.37% | 77,174 | $953K | Add +11.9% |
| JFR Nuveen Floating Rate Income | 0.35% | 104,157 | $891K | Reduce -9.7% |
| ZTR Virtus Total Return Fund Inc. | 0.34% | 147,623 | $881K | Add +21.9% |
| CHINA FUND INC | 0.34% | 68,192 | $876K | Add +0.2% |
| XHNWX Pioneer Diversified High | 0.34% | 72,607 | $867K | Add +20.3% |
| XRSFX Rivernorth Capital & Income | 0.33% | 56,084 | $853K | Reduce -5.0% |
| RA Brookfield Real Assets Incom | 0.33% | 64,469 | $848K | Add +136.5% |
| ACV Virtus Divers Inc. & Convert | 0.33% | 42,344 | $847K | Add +14.6% |
| EOS Eaton Vance Enh Eqt Inc. II | 0.32% | 39,500 | $833K | Add +237.9% |
| SWZ Total Return Securities Fund | 0.31% | 86,088 | $794K | Reduce -65.9% |
| TDF Templeton Dragon Fund Inc. | 0.31% | 81,665 | $792K | Reduce -23.6% |
| STK Columbia Slgmn Prem Tech GR | 0.30% | 27,993 | $783K | Reduce -58.6% |
| ARDC Ares Dynamic Credit All | 0.29% | 53,298 | $753K | New |
Portfolio Sells Q4 2024 → Q1 2025
| STEW SRH Total Return Fund Inc. | Reduce -61.4% | 1.89% | −2.57 |
| XSSPX Nuveen S&P 500 Dynam Overwr | Sold out | 0.00% | −1.67 |
| HGLB Highland Global Allocation | Reduce -89.1% | 0.24% | −1.50 |
| XEXGX Eaton Vance Tax-Managed Glob | Sold out | 0.00% | −1.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -47.1% | 1.09% | −1.04 |
| TY Tri-Continental Corp. | Reduce -45.0% | 1.08% | −0.91 |
| SDHY Pgim SHRT Durat Hi YLD | Reduce -51.9% | 0.76% | −0.77 |
| ETV Eaton Vance T/M Buy-Writ Opp | Reduce -61.8% | 0.38% | −0.68 |
| FAX Abrdn Asia-Pacific Income | Reduce -56.7% | 0.58% | −0.67 |
| BDJ BlackRock Enhanced Eqty DVD | Reduce -43.6% | 0.92% | −0.63 |
| XETYX Eaton Vance Tax-MGD Div Eqty | Sold out | 0.00% | −0.58 |
| ETG Eaton Vance T/A GL DVD Incm | Reduce -33.1% | 1.16% | −0.55 |
| ISD Pgim High Yield Bond Fund | Sold out | 0.00% | −0.53 |
| STK Columbia Slgmn Prem Tech GR | Reduce -58.6% | 0.30% | −0.52 |
| GF The New Germany Fund Inc. | Reduce -93.8% | 0.04% | −0.49 |
| EOD Allspring Global Dividend Op | Reduce -84.9% | 0.09% | −0.48 |
| BCV Bancroft Fund Ltd. | Sold out | 0.00% | −0.44 |
| SPE Special Opportunities Fund | Reduce -51.1% | 0.45% | −0.43 |
| GHY Pgim Global High Yield Fund | Sold out | 0.00% | −0.43 |
| SWZ Total Return Securities Fund | Reduce -65.9% | 0.31% | −0.42 |
| NHS Neuberger High Yield Strateg | Sold out | 0.00% | −0.41 |
| BTO John Hancock Financial Opp | Sold out | 0.00% | −0.36 |
| THQ Abrdn Healthcare Opport | Sold out | 0.00% | −0.35 |
| GGZ Gabelli Global Small & M | Reduce -76.3% | 0.11% | −0.32 |
| TEI Templeton Emrg MKTS Inc. | Sold out | 0.00% | −0.32 |
| CBRE GBL REAL ESTATE INC FD | Sold out | 0.00% | −0.31 |
| PAI Western Asset Investment Gra | Sold out | 0.00% | −0.29 |
| USA Liberty All Star Equity Fund | Reduce -21.7% | 0.82% | −0.28 |
| CPZ Calamos LNG/SHRT Eqty & DYN | Sold out | 0.00% | −0.28 |
| BMEZ BlackRock HLTH Sci TRM TR II | Sold out | 0.00% | −0.27 |
| OPP Rivernrth/Doublelne STR Opp | Sold out | 0.00% | −0.26 |
| FFA First Trust Enhan Eqty Inc. | Reduce -23.2% | 0.69% | −0.26 |
| XGLQX Clough Global Equity Fund | Reduce -62.5% | 0.13% | −0.23 |
| JRI Nuveen Real Asset Inc. & GRW | Sold out | 0.00% | −0.22 |
| WDI Western Asset Divers Inc. | Reduce -48.4% | 0.24% | −0.21 |
| PGZ Principal Real Estate Income | Sold out | 0.00% | −0.20 |
| XAODX Abrdn Total Dynamic Dividend | Reduce -70.9% | 0.08% | −0.19 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Reduce -63.2% | 0.13% | −0.19 |
| RIV Rivernorth Opportunities | Reduce -43.6% | 0.26% | −0.18 |
| DBL Doubleline Opport Credit | Reduce -29.5% | 0.47% | −0.18 |
| XEADX Allspring Income Opport | Reduce -11.5% | 1.51% | −0.18 |
| EFT Eaton Vance Fltng RT Inc. TR | Sold out | 0.00% | −0.18 |
| XJQCX Nuveen Credit Strategies Inc. | Sold out | 0.00% | −0.15 |
| FPF First TR Interm Dur & Inc. | Reduce -24.9% | 0.50% | −0.15 |
| PDO PIMCO Dynamic Income Opport | Sold out | 0.00% | −0.14 |
| FUND Sprott Focus Trust Inc. | Reduce -15.5% | 0.91% | −0.14 |
| INSIGHT SELECT INCOME FUND | Sold out | 0.00% | −0.14 |
| BST BlackRock Science & Tech TR | Reduce -50.8% | 0.11% | −0.14 |
| ERC Allspring Multi-Sector Inc. | Reduce -11.3% | 1.21% | −0.13 |
| DLY Doubleline Yield Opport | Sold out | 0.00% | −0.13 |
Portfolio Buys Q4 2024 → Q1 2025
| GAM General American Investors | New | 3.11% | +3.11 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Add +152.6% | 2.94% | +1.68 |
| RVT Royce Small-Cap Trust Inc. | Add +281.7% | 1.58% | +1.13 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +179.9% | 1.56% | +1.00 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Add +58.8% | 2.61% | +0.94 |
| BTX BlackRock Tech & Priv Eqty | Add +446.1% | 1.06% | +0.83 |
| JCE Nuveen Core Equity Alpha | Add +75.8% | 2.01% | +0.81 |
| NFJ Virtus DVD Intrst & PRM STR | New | 0.79% | +0.79 |
| ETJ Eaton Vance RSK-MGD Divers | Add +83.5% | 1.71% | +0.70 |
| EHI Western Asset Global High Inc. | Add +1138.7% | 0.67% | +0.61 |
| HIX Western Asset High Inc. II | Add +127.4% | 1.00% | +0.57 |
| NPCT Nuveen Core Plus Impact | Add +70.1% | 1.29% | +0.56 |
| XNIEX Virtus Equity & Convertible | New | 0.55% | +0.55 |
| RQI Cohen & Steers Qual Inc. RLTY | New | 0.53% | +0.53 |
| CII BlackRock Enhan LRG Cap Core | Add +95.9% | 1.10% | +0.50 |
| NMAI Nuveen Multi-Asset Income | Add +48.0% | 1.36% | +0.47 |
| EEA The European Equity Fund Inc. | Add +30.2% | 1.39% | +0.43 |
| EOI Eaton Vance Enhanced Eq Incm | Add +276.6% | 0.61% | +0.43 |
| XAWFX Alliancebernstein GL Hi Inc. | Add +168.7% | 0.66% | +0.42 |
| FTHY First Trust Hi YLD Opp 2027 | Add +142.6% | 0.67% | +0.40 |
| ADX Adams Diversified Equity | Add +40.3% | 1.53% | +0.39 |
| MCN Xai Madison Equity Premium I | Add +85.3% | 0.88% | +0.38 |
| VLT Invesco High Income Trust II | Add +126.9% | 0.62% | +0.34 |
| XPGPX PIMCO GLBL Stockspl & Inc. | Add +99.2% | 0.60% | +0.32 |
| CGO Calamos Global Total Return | Add +76.5% | 0.80% | +0.31 |
| ARDC Ares Dynamic Credit All | New | 0.29% | +0.29 |
| BGH Barings GLBL SHRT Dur Hi YLD | Add +93.9% | 0.58% | +0.28 |
| ASGI Abrdn Global Infrastructure | Add +80.7% | 0.55% | +0.26 |
| XLGIX Lazard GLBL TTL RTRN & Inc. | Add +142.1% | 0.45% | +0.26 |
| FTF Franklin Ltd. Dur Inc. TR | Add +24.2% | 1.38% | +0.26 |
| SABA Saba Capital Income & Opp II | Add +41.0% | 0.86% | +0.23 |
| XGDVX Gabelli Dividend & Income TR | Add +22.8% | 1.18% | +0.23 |
| RMT Royce Micro-Cap Trust Inc. | Add +23.5% | 2.98% | +0.23 |
| CET Central Securities Corp. | Add +7.9% | 3.16% | +0.23 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Add +23.1% | 2.08% | +0.23 |
| JHI John Hancock Investors TR | Add +39.3% | 0.77% | +0.22 |
| EOS Eaton Vance Enh Eqt Inc. II | Add +237.9% | 0.32% | +0.22 |
| LDP Cohen & Steers Limited Durat | Add +31.8% | 0.74% | +0.19 |
| RA Brookfield Real Assets Incom | Add +136.5% | 0.33% | +0.19 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Add +66.4% | 0.42% | +0.18 |
| KIO KKR Income Opportunities | New | 0.18% | +0.18 |
| BGB Blackstone Strategic Credit | Add +45.9% | 0.59% | +0.18 |
| VGI Virtus Global Multi-Sector | Add +20.6% | 0.94% | +0.18 |
| XJPIX Nuveen Preferred Securities | Add +133.5% | 0.27% | +0.16 |
| BSL Blackstone SNR Fltng RT | Add +133.9% | 0.26% | +0.15 |
| XEMDX Western Asset Emrg MRKT DBT | Add +16.6% | 0.76% | +0.14 |
| CIK UBS Asset Management Income | Add +130.1% | 0.24% | +0.14 |
| DHF BNYM High Yield Strategies | Add +135.2% | 0.23% | +0.13 |
| BWG Brandywineglobal Global Inco | Add +10.4% | 0.82% | +0.13 |
| JPC Nuveen Prefered & Income Opp | Add +279.5% | 0.16% | +0.12 |
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 |