Shaker Financial Services, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Shaker Financial Services, LLC reported 147 stock positions worth $275.8 million. Its top holding was Central Securities (CET) at 3.7% of the portfolio, followed by Royce Micro-Cap Trust (RMT, 3.4%) and Royce Small-Cap Trust (RVT, 3.2%). Compared with Q1 2025, it opened 22 new positions, sold out of 28, added to 71 and reduced 47. The biggest buy was Royce Small-Cap Trust (RVT, shares +106%) and the biggest sale an exit from Nuveen Nasdaq 100 DYN Overwr (QQQX).
- Most Recent 13F
- Q2 2026
- Location
- Arlington, VA
- CIK
- 0001511794
- Portfolio Value
- $275.8M (Q2 2025)
- SEC Filing
- 0001172661-25-002882 ↗ filed Aug 5, 2025
Holdings Value
Holdings 147 stocks · $275.8M
| CET Central Securities Corp. | 3.67% | 211,722 | $10.1M | Add +17.1% |
| RMT Royce Micro-Cap Trust Inc. | 3.43% | 1,021,723 | $9.5M | Add +12.6% |
| RVT Royce Small-Cap Trust Inc. | 3.19% | 585,074 | $8.8M | Add +105.7% |
| JCE Nuveen Core Equity Alpha | 3.03% | 527,991 | $8.4M | Add +52.1% |
| ETB Eaton Vance T/M Buy-WRT Inc. | 2.82% | 538,006 | $7.8M | Reduce -2.8% |
| ASG Liberty All-Star Growth FD | 2.66% | 1,340,933 | $7.3M | Reduce -9.8% |
| CSQ Calamos Strat TTL RTRN FND | 2.61% | 394,767 | $7.2M | Add +9.2% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 2.44% | 459,536 | $6.7M | Add +70.1% |
| GAM General American Investors | 2.23% | 109,796 | $6.2M | Reduce -30.8% |
| CHW Calamos Global Dynamic Incom | 2.18% | 841,470 | $6.0M | Add +13.8% |
| BDJ BlackRock Enhanced Eqty DVD | 2.02% | 627,929 | $5.6M | Add +128.1% |
| USA Liberty All Star Equity Fund | 1.99% | 803,925 | $5.5M | Add +151.1% |
| TY Tri-Continental Corp. | 1.86% | 162,350 | $5.1M | Add +79.8% |
| EEA The European Equity Fund Inc. | 1.66% | 447,331 | $4.6M | Add +13.9% |
| FTF Franklin Ltd. Dur Inc. TR | 1.56% | 672,153 | $4.3M | Add +22.5% |
| XEADX Allspring Income Opport | 1.51% | 587,142 | $4.2M | Add +4.3% |
| SPE Special Opportunities Fund | 1.50% | 266,728 | $4.1M | Add +246.0% |
| ETW Eaton Vance T/M GLBL Buy-WR | 1.41% | 449,311 | $3.9M | Add +32.3% |
| FFA First Trust Enhan Eqty Inc. | 1.34% | 179,995 | $3.7M | Add +96.8% |
| NMAI Nuveen Multi-Asset Income | 1.29% | 278,485 | $3.5M | Reduce -2.6% |
| FUND Sprott Focus Trust Inc. | 1.25% | 459,701 | $3.4M | Add +45.0% |
| XAODX Abrdn Total Dynamic Dividend | 1.20% | 374,808 | $3.3M | Add +1490.1% |
| XBMEX BlackRock Health Sciences | 1.17% | 224,516 | $3.2M | New |
| BWG Brandywineglobal Global Inco | 1.16% | 382,468 | $3.2M | Add +53.7% |
| ERC Allspring Multi-Sector Inc. | 1.09% | 315,553 | $3.0M | Reduce -5.4% |
| DSL Doubleline Income Solutions | 1.08% | 244,126 | $3.0M | Add +206.7% |
| JGH Nuveen Global High Income | 1.07% | 226,452 | $3.0M | Add +32.3% |
| MCN Xai Madison Equity Premium I | 1.04% | 455,480 | $2.9M | Add +27.2% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 1.03% | 117,919 | $2.8M | Reduce -59.1% |
| ETV Eaton Vance T/M Buy-Writ Opp | 1.02% | 203,026 | $2.8M | Add +175.8% |
| ETJ Eaton Vance RSK-MGD Divers | 1.00% | 303,924 | $2.7M | Reduce -41.5% |
| EHI Western Asset Global High Inc. | 0.99% | 414,977 | $2.7M | Add +61.5% |
| BGH Barings GLBL SHRT Dur Hi YLD | 0.98% | 174,609 | $2.7M | Add +77.3% |
| DFP Flaherty & Crumrine DYN Pref | 0.97% | 130,860 | $2.7M | Add +77.1% |
| SDHY Pgim SHRT Durat Hi YLD | 0.97% | 158,365 | $2.7M | Add +34.5% |
| SABA Saba Capital Income & Opp II | 0.96% | 288,813 | $2.7M | Add +14.4% |
| XSORX Source Capital Inc. | 0.96% | 60,873 | $2.6M | Add +128.9% |
| JHI John Hancock Investors TR | 0.92% | 183,223 | $2.5M | Add +25.1% |
| GLV Clough Global Dividend & Inc. | 0.90% | 453,041 | $2.5M | New |
| XNIEX Virtus Equity & Convertible | 0.88% | 101,493 | $2.4M | Add +59.6% |
| HEQ John Hancock Divers Inc. Fund | 0.86% | 224,964 | $2.4M | Reduce -8.1% |
| ETO Eaton Vance T/A GLBL DVD Opp | 0.85% | 86,048 | $2.3M | Add +106.3% |
| VGI Virtus Global Multi-Sector | 0.85% | 297,936 | $2.3M | Reduce -4.7% |
| XBGYX BlackRock Enh Intl DVD TR | 0.82% | 388,987 | $2.3M | Add +84.2% |
| XMCRX MFS Charter Income Trust | 0.79% | 341,354 | $2.2M | Add +8.6% |
| XEVVX Eaton Vance Ltd. Durat Inc. | 0.78% | 209,404 | $2.1M | Add +6.9% |
| FINS Angel Oak Financ Strat Inc. | 0.77% | 163,730 | $2.1M | Add +22.8% |
| HIX Western Asset High Inc. II | 0.71% | 454,438 | $2.0M | Reduce -25.5% |
| CHINA FUND INC | 0.71% | 132,112 | $2.0M | Add +93.7% |
| XAWFX Alliancebernstein GL Hi Inc. | 0.71% | 177,884 | $2.0M | Add +12.6% |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 0.70% | 42,901 | $1.9M | Reduce -0.9% |
| CGO Calamos Global Total Return | 0.68% | 159,279 | $1.9M | Reduce -20.3% |
| RGT Royce Global Trust Inc. | 0.68% | 154,766 | $1.9M | Add +37.6% |
| LDP Cohen & Steers Limited Durat | 0.65% | 85,631 | $1.8M | Reduce -8.0% |
| ACP Abrdn Income Credit Strat | 0.65% | 303,546 | $1.8M | Add +65.2% |
| PSF Cohen & Steers Select Prefer | 0.64% | 87,569 | $1.8M | Add +29.6% |
| BGB Blackstone Strategic Credit | 0.62% | 140,782 | $1.7M | Add +12.8% |
| FCT First Trust SNR FL RT Inc. II | 0.61% | 166,080 | $1.7M | Reduce -0.9% |
| XEMDX Western Asset Emrg MRKT DBT | 0.60% | 162,921 | $1.7M | Reduce -16.8% |
| RQI Cohen & Steers Qual Inc. RLTY | 0.57% | 125,826 | $1.6M | Add +17.1% |
| VLT Invesco High Income Trust II | 0.56% | 140,102 | $1.5M | Reduce -6.5% |
| ARDC Ares Dynamic Credit All | 0.55% | 106,790 | $1.5M | Add +100.4% |
| GF The New Germany Fund Inc. | 0.53% | 122,622 | $1.5M | Add +1013.0% |
| FPF First TR Interm Dur & Inc. | 0.53% | 77,756 | $1.5M | Add +11.2% |
| FTHY First Trust Hi YLD Opp 2027 | 0.50% | 93,043 | $1.4M | Reduce -22.3% |
| BST BlackRock Science & Tech TR | 0.50% | 36,014 | $1.4M | Add +313.1% |
| DLY Doubleline Yield Opport | 0.47% | 83,413 | $1.3M | New |
| XSSPX Nuveen S&P 500 Dynam Overwr | 0.46% | 71,075 | $1.3M | New |
| TEI Templeton Emrg MKTS Inc. | 0.45% | 207,185 | $1.2M | New |
| XIAEX Voya Asia Pac Hi DVD Eq Inc. | 0.44% | 173,883 | $1.2M | Reduce -0.6% |
| STEW SRH Total Return Fund Inc. | 0.44% | 69,216 | $1.2M | Reduce -75.4% |
| PTA Cohen & Steers Tax-Advantage | 0.44% | 61,281 | $1.2M | Reduce -6.9% |
| EDD Morgan Stanley Emrg MRK Dom | 0.43% | 228,932 | $1.2M | Add +152.6% |
| EOS Eaton Vance Enh Eqt Inc. II | 0.43% | 49,165 | $1.2M | Add +24.5% |
| XLGIX Lazard GLBL TTL RTRN & Inc. | 0.43% | 70,478 | $1.2M | Reduce -6.5% |
| ECF Ellsworth Growth and Income | 0.40% | 108,007 | $1.1M | Reduce -23.8% |
| XAI OCTAGN FLT RAT & ALT INM | 0.40% | 194,429 | $1.1M | New |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.40% | 77,595 | $1.1M | Reduce -62.9% |
| FAX Abrdn Asia-Pacific Income | 0.40% | 68,831 | $1.1M | Reduce -27.6% |
| MMT Aberdeen Multimarket Income | 0.38% | 225,381 | $1.1M | Reduce -27.1% |
| ZTR Virtus Total Return Fund Inc. | 0.38% | 169,755 | $1.1M | Add +15.0% |
| XEVGX Eaton Vance Short Dur Div Inc. | 0.37% | 91,716 | $1.0M | Add +155.3% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.36% | 88,166 | $1.0M | Add +235.1% |
| BGX Blackstone Long-Short Credit | 0.36% | 79,194 | $983K | Add +2.6% |
| TDF Templeton Dragon Fund Inc. | 0.35% | 97,348 | $973K | Add +19.2% |
| JOF Japan Smaller Capitalization | 0.34% | 97,575 | $941K | Add +45.9% |
| CIK UBS Asset Management Income filed as CREDIT SUISSE ASSET MGMT INC | 0.33% | 306,376 | $907K | Add +46.5% |
| SWZ Total Return Securities Fund | 0.32% | 140,360 | $890K | Add +63.0% |
| EMF Templeton Emerging Markets | 0.30% | 56,592 | $826K | Add +12.0% |
| HIO Western Asset Hi Inc. Opport | 0.29% | 199,744 | $802K | New |
| MXE Mexico Equity and Income FD | 0.29% | 75,982 | $796K | No change |
| EOD Allspring Global Dividend Op | 0.29% | 145,159 | $791K | Add +228.9% |
| JRS Nuveen Real Estate Income | 0.28% | 98,228 | $781K | Add +50.6% |
| DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE | 0.28% | 297,741 | $774K | Add +31.0% |
| JFR Nuveen Floating Rate Income | 0.27% | 86,857 | $743K | Reduce -16.6% |
| BRW Saba Capital Income & Opport | 0.24% | 82,220 | $663K | Reduce -57.5% |
| ECAT BlackRock ESG Cap All TRM TR | 0.22% | 38,270 | $615K | New |
| KIO KKR Income Opportunities | 0.22% | 48,059 | $604K | Add +25.3% |
| XRSFX Rivernorth Capital & Income | 0.21% | 40,112 | $584K | Reduce -28.5% |
| HTD John Hancock Tax Adv DVD Inc. filed as HANCOCK JOHN TAX-ADVANTAGED | 0.20% | 23,443 | $548K | New |
Portfolio Sells Q1 2025 → Q2 2025
| QQQX Nuveen Nasdaq 100 DYN Overwr | Sold out | 0.00% | −2.08 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -59.1% | 1.03% | −1.58 |
| ADX Adams Diversified Equity | Sold out | 0.00% | −1.53 |
| STEW SRH Total Return Fund Inc. | Reduce -75.4% | 0.44% | −1.44 |
| XJQCX Nuveen Credit Strategies Inc. | Reduce -84.1% | 0.05% | −1.24 |
| XGDVX Gabelli Dividend & Income TR | Sold out | 0.00% | −1.18 |
| BTX BlackRock Tech & Priv Eqty | Sold out | 0.00% | −1.06 |
| ETG Eaton Vance T/A GL DVD Incm | Reduce -84.4% | 0.19% | −0.97 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -88.8% | 0.13% | −0.96 |
| CII BlackRock Enhan LRG Cap Core | Reduce -85.8% | 0.17% | −0.94 |
| GAM General American Investors | Reduce -30.8% | 2.23% | −0.88 |
| NFJ Virtus DVD Intrst & PRM STR | Reduce -90.1% | 0.07% | −0.72 |
| ETJ Eaton Vance RSK-MGD Divers | Reduce -41.5% | 1.00% | −0.71 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Reduce -62.9% | 0.40% | −0.70 |
| XPHTX Pioneer High Income Fund | Sold out | 0.00% | −0.65 |
| ASGI Abrdn Global Infrastructure | Sold out | 0.00% | −0.55 |
| HYI Western Asset High Yield Opp | Reduce -74.7% | 0.17% | −0.55 |
| PDT John Hancock Prem DVD FND | Reduce -82.5% | 0.10% | −0.51 |
| GLO Clough Global Opportunities | Sold out | 0.00% | −0.50 |
| XPGPX PIMCO GLBL Stockspl & Inc. | Reduce -82.0% | 0.10% | −0.50 |
| XPHDX Pioneer Floating Rate Fund | Sold out | 0.00% | −0.47 |
| EOI Eaton Vance Enhanced Eq Incm | Reduce -71.4% | 0.18% | −0.43 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Reduce -84.4% | 0.06% | −0.36 |
| BRW Saba Capital Income & Opport | Reduce -57.5% | 0.24% | −0.34 |
| XHNWX Pioneer Diversified High | Sold out | 0.00% | −0.34 |
| DBL Doubleline Opport Credit | Reduce -67.7% | 0.14% | −0.33 |
| ACV Virtus Divers Inc. & Convert | Sold out | 0.00% | −0.33 |
| HIX Western Asset High Inc. II | Reduce -25.5% | 0.71% | −0.29 |
| XSCDX LMP Capital and Income Fund | Sold out | 0.00% | −0.27 |
| XJPIX Nuveen Preferred Securities | Sold out | 0.00% | −0.27 |
| BSL Blackstone SNR Fltng RT | Sold out | 0.00% | −0.26 |
| WDI Western Asset Divers Inc. | Sold out | 0.00% | −0.24 |
| HGLB Highland Global Allocation | Sold out | 0.00% | −0.24 |
| FAX Abrdn Asia-Pacific Income | Reduce -27.6% | 0.40% | −0.18 |
| MMT Aberdeen Multimarket Income | Reduce -27.1% | 0.38% | −0.18 |
| FTHY First Trust Hi YLD Opp 2027 | Reduce -22.3% | 0.50% | −0.17 |
| BIT BlackRock Multi-Sector Inc. | Sold out | 0.00% | −0.17 |
| BCAT BlackRock Capital Alloc TR | Sold out | 0.00% | −0.17 |
| ASG Liberty All-Star Growth FD | Reduce -9.8% | 2.66% | −0.17 |
| STK Columbia Slgmn Prem Tech GR | Reduce -53.6% | 0.14% | −0.16 |
| XEMDX Western Asset Emrg MRKT DBT | Reduce -16.8% | 0.60% | −0.16 |
| XAGDX Abrdn GLBL DYNM Divid | Sold out | 0.00% | −0.15 |
| RA Brookfield Real Assets Incom | Reduce -39.9% | 0.19% | −0.14 |
| AIO Virtus Artific Intel & Tech | Sold out | 0.00% | −0.13 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Sold out | 0.00% | −0.13 |
| HEQ John Hancock Divers Inc. Fund | Reduce -8.1% | 0.86% | −0.13 |
| CGO Calamos Global Total Return | Reduce -20.3% | 0.68% | −0.13 |
| RIV Rivernorth Opportunities | Reduce -46.5% | 0.14% | −0.13 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Reduce -2.8% | 2.82% | −0.12 |
| XRSFX Rivernorth Capital & Income | Reduce -28.5% | 0.21% | −0.12 |
Portfolio Buys Q1 2025 → Q2 2025
| RVT Royce Small-Cap Trust Inc. | Add +105.7% | 3.19% | +1.62 |
| XBMEX BlackRock Health Sciences | New | 1.17% | +1.17 |
| USA Liberty All Star Equity Fund | Add +151.1% | 1.99% | +1.17 |
| XAODX Abrdn Total Dynamic Dividend | Add +1490.1% | 1.20% | +1.13 |
| BDJ BlackRock Enhanced Eqty DVD | Add +128.1% | 2.02% | +1.10 |
| SPE Special Opportunities Fund | Add +246.0% | 1.50% | +1.05 |
| JCE Nuveen Core Equity Alpha | Add +52.1% | 3.03% | +1.02 |
| GLV Clough Global Dividend & Inc. | New | 0.90% | +0.90 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +70.1% | 2.44% | +0.88 |
| TY Tri-Continental Corp. | Add +79.8% | 1.86% | +0.79 |
| DSL Doubleline Income Solutions | Add +206.7% | 1.08% | +0.69 |
| FFA First Trust Enhan Eqty Inc. | Add +96.8% | 1.34% | +0.65 |
| ETV Eaton Vance T/M Buy-Writ Opp | Add +175.8% | 1.02% | +0.64 |
| XSORX Source Capital Inc. | Add +128.9% | 0.96% | +0.53 |
| CET Central Securities Corp. | Add +17.1% | 3.67% | +0.51 |
| GF The New Germany Fund Inc. | Add +1013.0% | 0.53% | +0.49 |
| DLY Doubleline Yield Opport | New | 0.47% | +0.47 |
| XSSPX Nuveen S&P 500 Dynam Overwr | New | 0.46% | +0.46 |
| TEI Templeton Emrg MKTS Inc. | New | 0.45% | +0.45 |
| RMT Royce Micro-Cap Trust Inc. | Add +12.6% | 3.43% | +0.45 |
| ETO Eaton Vance T/A GLBL DVD Opp | Add +106.3% | 0.85% | +0.45 |
| XAI OCTAGN FLT RAT & ALT INM | New | 0.40% | +0.40 |
| BGH Barings GLBL SHRT Dur Hi YLD | Add +77.3% | 0.98% | +0.40 |
| DFP Flaherty & Crumrine DYN Pref | Add +77.1% | 0.97% | +0.39 |
| BST BlackRock Science & Tech TR | Add +313.1% | 0.50% | +0.39 |
| CHINA FUND INC | Add +93.7% | 0.71% | +0.37 |
| XBGYX BlackRock Enh Intl DVD TR | Add +84.2% | 0.82% | +0.36 |
| BWG Brandywineglobal Global Inco | Add +53.7% | 1.16% | +0.35 |
| CHW Calamos Global Dynamic Incom | Add +13.8% | 2.18% | +0.34 |
| CSQ Calamos Strat TTL RTRN FND | Add +9.2% | 2.61% | +0.33 |
| FUND Sprott Focus Trust Inc. | Add +45.0% | 1.25% | +0.33 |
| XNIEX Virtus Equity & Convertible | Add +59.6% | 0.88% | +0.33 |
| EHI Western Asset Global High Inc. | Add +61.5% | 0.99% | +0.33 |
| ETW Eaton Vance T/M GLBL Buy-WR | Add +32.3% | 1.41% | +0.32 |
| HIO Western Asset Hi Inc. Opport | New | 0.29% | +0.29 |
| EEA The European Equity Fund Inc. | Add +13.9% | 1.66% | +0.27 |
| EDD Morgan Stanley Emrg MRK Dom | Add +152.6% | 0.43% | +0.26 |
| ARDC Ares Dynamic Credit All | Add +100.4% | 0.55% | +0.26 |
| XBOEX BlackRock Enh GLBL DVD TR | Add +235.1% | 0.36% | +0.25 |
| ACP Abrdn Income Credit Strat | Add +65.2% | 0.65% | +0.23 |
| ECAT BlackRock ESG Cap All TRM TR | New | 0.22% | +0.22 |
| RGT Royce Global Trust Inc. | Add +37.6% | 0.68% | +0.22 |
| XEVGX Eaton Vance Short Dur Div Inc. | Add +155.3% | 0.37% | +0.21 |
| SDHY Pgim SHRT Durat Hi YLD | Add +34.5% | 0.97% | +0.21 |
| HTD John Hancock Tax Adv DVD Inc. | New | 0.20% | +0.20 |
| EOD Allspring Global Dividend Op | Add +228.9% | 0.29% | +0.20 |
| JGH Nuveen Global High Income | Add +32.3% | 1.07% | +0.19 |
| FTF Franklin Ltd. Dur Inc. TR | Add +22.5% | 1.56% | +0.19 |
| XEFRX Eaton Vance Sr FLTG Rate TR | New | 0.16% | +0.16 |
| MCN Xai Madison Equity Premium I | Add +27.2% | 1.04% | +0.16 |
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 |