Shaker Financial Services, LLC

Name: Shaker Financial Services, LLC 13F holdings, Q4 2025
Creator: Shaker Financial Services, LLC
Published: 2026-01-26

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), Shaker Financial Services, LLC reported 165 stock positions worth $315.5 million. Its top holding was Nuveen Core Equity Alpha (JCE) at 2.8% of the portfolio, followed by Royce Micro-Cap Trust (RMT, 2.7%) and Liberty All-Star Growth FD (ASG, 2.6%). Compared with Q3 2025, it opened 30 new positions, sold out of 13, added to 67 and reduced 64. The biggest buy was a new position in Ares Dynamic Credit All (ARDC) and the biggest sale Calamos Strat TTL RTRN FND (CSQ, shares −34%).

Most Recent 13F: Q2 2026
Location: Arlington, VA
CIK: 0001511794
Portfolio Value: $315.5M (Q4 2025)
SEC Filing: 0001172661-26-000312 ↗ filed Jan 26, 2026

Holdings Value

Holdings 165 stocks · $315.5M


JCE Nuveen Core Equity Alpha	2.83%	560,717	$8.9M	Add +3.8%
RMT Royce Micro-Cap Trust Inc.	2.74%	829,682	$8.7M	Reduce -8.7%
ASG Liberty All-Star Growth FD	2.65%	1,547,675	$8.4M	Add +17.7%
ETB Eaton Vance T/M Buy-WRT Inc.	2.39%	494,414	$7.5M	Add +0.2%
USA Liberty All Star Equity Fund	2.20%	1,086,080	$6.9M	Reduce -16.9%
FFA First Trust Enhan Eqty Inc.	2.00%	286,580	$6.3M	Add +16.8%
CSQ Calamos Strat TTL RTRN FND	2.00%	325,874	$6.3M	Reduce -34.4%
QQQX Nuveen Nasdaq 100 DYN Overwr	1.84%	203,750	$5.8M	Add +69.1%
EEA The European Equity Fund Inc.	1.76%	502,117	$5.6M	Add +12.7%
CET Central Securities Corp.	1.73%	107,720	$5.5M	Reduce -18.9%
SPY SS SPDR S&P 500 ETF Trust-US	1.69%	7,781	$5.3M	Add +66.2%
CHW Calamos Global Dynamic Incom	1.62%	684,698	$5.1M	Reduce -16.9%
DSL Doubleline Income Solutions	1.41%	395,158	$4.5M	Add +16.0%
EOS Eaton Vance Enh Eqt Inc. II	1.37%	184,985	$4.3M	Add +73.6%
XEVTX Eaton Vance Tax-Adv DVD Inc.	1.37%	171,313	$4.3M	Add +110.1%
MCN Xai Madison Equity Premium I	1.30%	684,108	$4.1M	Add +27.9%
FUND Sprott Focus Trust Inc.	1.28%	465,917	$4.0M	Reduce -1.8%
XEADX Allspring Income Opport	1.27%	586,829	$4.0M	Add +16.4%
SPE Special Opportunities Fund	1.25%	250,579	$4.0M	Reduce -29.4%
ADX Adams Diversified Equity	1.22%	164,389	$3.8M	Reduce -30.6%
ETJ Eaton Vance RSK-MGD Divers	1.16%	414,103	$3.7M	Add +13.1%
SABA Saba Capital Income & Opp II	1.15%	439,104	$3.6M	Reduce -2.0%
KIO KKR Income Opportunities	1.13%	308,129	$3.6M	Add +428.1%
ETO Eaton Vance T/A GLBL DVD Opp	1.10%	114,010	$3.5M	Add +17.4%
ERC Allspring Multi-Sector Inc.	1.03%	347,848	$3.3M	Reduce -5.1%
ACP Abrdn Income Credit Strat	1.03%	594,054	$3.3M	Add +34.4%
ARDC Ares Dynamic Credit All	1.03%	244,497	$3.3M	New
ETV Eaton Vance T/M Buy-Writ Opp	1.02%	223,653	$3.2M	Reduce -30.7%
XETYX Eaton Vance Tax-MGD Div Eqty	1.02%	209,180	$3.2M	New
FTF Franklin Ltd. Dur Inc. TR	0.96%	495,009	$3.0M	Reduce -28.6%
DIAX Nuveen Dow 30 Dynamic Overwr	0.96%	199,214	$3.0M	Reduce -38.7%
STK Columbia Slgmn Prem Tech GR	0.94%	80,867	$3.0M	Add +0.3%
RVT Royce Small-Cap Trust Inc.	0.93%	181,349	$2.9M	Reduce -37.4%
JGH Nuveen Global High Income	0.93%	231,461	$2.9M	Add +66.6%
NPCT Nuveen Core Plus Impact	0.92%	284,862	$2.9M	Add +98.6%
NFJ Virtus DVD Intrst & PRM STR	0.91%	221,869	$2.9M	Add +364.9%
PTA Cohen & Steers Tax-Advantage	0.90%	147,484	$2.8M	Add +173.1%
SDHY Pgim SHRT Durat Hi YLD	0.90%	171,891	$2.8M	Reduce -9.3%
GHY Pgim Global High Yield Fund	0.87%	221,488	$2.8M	Add +646.9%
EHI Western Asset Global High Inc.	0.86%	423,874	$2.7M	Reduce -23.4%
DLY Doubleline Yield Opport	0.86%	185,781	$2.7M	Reduce -37.0%
BWG Brandywineglobal Global Inco	0.82%	308,292	$2.6M	Reduce -11.9%
HYI Western Asset High Yield Opp	0.82%	231,194	$2.6M	Add +452.8%
RGT Royce Global Trust Inc.	0.80%	193,069	$2.5M	Add +25.5%
XEXGX Eaton Vance Tax-Managed Glob	0.80%	265,118	$2.5M	Add +283.5%
XMCRX MFS Charter Income Trust	0.80%	400,838	$2.5M	Add +6.5%
HTD John Hancock Tax Adv DVD Inc. filed as HANCOCK JOHN TAX-ADVANTAGED	0.77%	103,019	$2.4M	Add +469.3%
XEVVX Eaton Vance Ltd. Durat Inc.	0.75%	239,059	$2.4M	Reduce -1.5%
TWN Taiwan Fund Inc./TH/MD-US Inc.	0.74%	39,333	$2.3M	Reduce -20.4%
XAWFX Alliancebernstein GL Hi Inc.	0.73%	214,193	$2.3M	Add +62.9%
TY Tri-Continental Corp.	0.73%	70,445	$2.3M	Add +455.5%
VGI Virtus Global Multi-Sector	0.73%	293,404	$2.3M	Reduce -5.6%
HIO Western Asset Hi Inc. Opport	0.72%	613,763	$2.3M	Add +191.0%
ETW Eaton Vance T/M GLBL Buy-WR	0.69%	237,332	$2.2M	Reduce -23.9%
BIT BlackRock Multi-Sector Inc.	0.69%	166,958	$2.2M	New
CGO Calamos Global Total Return	0.67%	183,144	$2.1M	Reduce -14.6%
XGDVX Gabelli Dividend & Income TR	0.65%	73,792	$2.0M	Add +113.4%
XBOEX BlackRock Enh GLBL DVD TR	0.65%	174,071	$2.0M	Reduce -2.5%
STEW SRH Total Return Fund Inc.	0.64%	108,639	$2.0M	Reduce -47.9%
LDP Cohen & Steers Limited Durat	0.63%	93,902	$2.0M	Add +11.2%
RA Brookfield Real Assets Incom	0.63%	153,005	$2.0M	Add +260.6%
NMAI Nuveen Multi-Asset Income	0.63%	151,410	$2.0M	Add +52.7%
FPF First TR Interm Dur & Inc.	0.62%	104,274	$2.0M	Add +42.3%
HQL Abrdn Life Sciences Investor	0.61%	115,419	$1.9M	Reduce -41.6%
FTHY First Trust Hi YLD Opp 2027	0.61%	137,128	$1.9M	Add +23.1%
JHI John Hancock Investors TR	0.59%	137,124	$1.9M	Reduce -21.5%
WDI Western Asset Divers Inc.	0.59%	133,212	$1.9M	New
CPZ Calamos LNG/SHRT Eqty & DYN	0.59%	125,750	$1.9M	New
XBXMX Nuveen S&P 500 Buy-WR Inc.	0.57%	121,640	$1.8M	Reduce -38.9%
XEMDX Western Asset Emrg MRKT DBT	0.56%	167,347	$1.8M	Add +4.5%
ETG Eaton Vance T/A GL DVD Incm	0.56%	76,497	$1.8M	Reduce -53.2%
XIGDX Voya GLBL Eqty DVD & PRM Opp	0.56%	304,484	$1.8M	New
XNIEX Virtus Equity & Convertible	0.55%	67,522	$1.7M	Reduce -35.9%
GAM General American Investors	0.54%	29,187	$1.7M	New
HIX Western Asset High Inc. II	0.53%	403,653	$1.7M	Reduce -26.7%
BGB Blackstone Strategic Credit	0.51%	136,680	$1.6M	Reduce -2.8%
FAX Abrdn Asia-Pacific Income	0.49%	100,319	$1.6M	New
PSF Cohen & Steers Select Prefer	0.46%	72,187	$1.5M	Add +1.6%
XIAEX Voya Asia Pac Hi DVD Eq Inc.	0.46%	198,949	$1.5M	Add +9.3%
PDT John Hancock Prem DVD FND	0.46%	114,265	$1.5M	Add +16.1%
HEQ John Hancock Divers Inc. Fund	0.45%	133,072	$1.4M	Reduce -46.2%
GF The New Germany Fund Inc.	0.44%	121,034	$1.4M	Reduce -9.3%
IGA Voya Global Advan & Prem Opp	0.44%	142,531	$1.4M	Add +483.5%
FINS Angel Oak Financ Strat Inc.	0.44%	105,239	$1.4M	Reduce -27.4%
MSD Morgan Stanley Emrg MKT Debt	0.43%	180,384	$1.4M	Add +97.8%
XEVGX Eaton Vance Short Dur Div Inc.	0.41%	118,733	$1.3M	Add +328.8%
BTX BlackRock Tech & Priv Eqty	0.41%	194,268	$1.3M	Add +34.9%
BRW Saba Capital Income & Opport	0.40%	181,599	$1.3M	Add +199.8%
XFOFX Cohen & Steers Closed-End Op	0.40%	95,327	$1.3M	Reduce -16.0%
XSCDX LMP Capital and Income Fund	0.39%	83,807	$1.2M	Add +341.1%
DFP Flaherty & Crumrine DYN Pref	0.38%	57,012	$1.2M	Reduce -17.9%
TDF Templeton Dragon Fund Inc.	0.37%	104,322	$1.2M	Reduce -33.8%
TEI Templeton Emrg MKTS Inc.	0.37%	179,677	$1.2M	Add +17.9%
GDO Western Ast GLB Corp. Opprnty	0.36%	94,936	$1.1M	Add +180.9%
EOD Allspring Global Dividend Op	0.35%	186,217	$1.1M	Reduce -18.4%
TBLD Thornburg Income Builder Opp	0.35%	54,866	$1.1M	New
EMF Templeton Emerging Markets	0.35%	65,060	$1.1M	Reduce -1.3%
MMT Aberdeen Multimarket Income	0.34%	227,371	$1.1M	Reduce -3.1%
XPGPX PIMCO GLBL Stockspl & Inc.	0.33%	113,811	$1.0M	Add +81.7%
JOF Japan Smaller Capitalization	0.33%	93,681	$1.0M	Reduce -4.0%
MXE Mexico Equity and Income FD	0.30%	75,513	$935K	Reduce -0.6%
BDJ BlackRock Enhanced Eqty DVD	0.29%	97,082	$920K	Reduce -73.7%
XAODX Abrdn Total Dynamic Dividend	0.29%	93,434	$920K	Reduce -66.2%
JFR Nuveen Floating Rate Income	0.28%	113,966	$892K	Add +31.5%
XEFRX Eaton Vance Sr FLTG Rate TR	0.28%	80,004	$891K	Add +24.1%
XSORX Source Capital Inc.	0.28%	19,324	$884K	Add +108.9%
XAI OCTAGN FLT RAT & ALT INM	0.28%	183,519	$881K	New
OPP Rivernrth/Doublelne STR Opp	0.28%	110,263	$877K	Add +82.3%
SWZ Total Return Securities Fund	0.27%	136,198	$847K	Reduce -54.4%
GLO Clough Global Opportunities	0.26%	144,272	$817K	Reduce -55.9%
XRNPX Cohen & Steers REIT and Pref	0.25%	40,372	$802K	New
PFN PIMCO Income Strategy FD II	0.25%	105,800	$794K	New
BMEZ BlackRock HLTH Sci TRM TR II	0.25%	52,652	$792K	Reduce -71.4%
EFT Eaton Vance Fltng RT Inc. TR	0.24%	67,012	$762K	Add +423.5%
XFRAX BlackRock Fltng RT Inc. Strat	0.24%	63,570	$749K	New
AIO Virtus Artific Intel & Tech	0.22%	30,899	$708K	Add +143.9%
NCV Virtus Convertible & Income	0.22%	46,486	$704K	Add +35.5%
AEF Abrdn Emerging Markets Ex CH	0.21%	94,331	$677K	No change
XGLQX Clough Global Equity Fund	0.20%	84,141	$645K	Add +9.0%
XCAFX Morgan Stanley China A Share	0.20%	36,430	$632K	Reduce -1.1%
BCV Bancroft Fund Ltd.	0.19%	27,688	$612K	Reduce -21.0%
BTZ BlackRock Credit Allocation	0.18%	53,561	$580K	Add +62.3%
BGX Blackstone Long-Short Credit	0.18%	48,854	$574K	Reduce -47.9%
BGT BlackRock Fltng RT Inc. TR	0.18%	49,850	$565K	New
VLT Invesco High Income Trust II	0.18%	50,276	$562K	Reduce -55.2%
XLGIX Lazard GLBL TTL RTRN & Inc.	0.18%	32,158	$561K	New
RQI Cohen & Steers Qual Inc. RLTY	0.17%	47,609	$550K	Reduce -39.2%
NBXG Neuberger Next Generation Co.	0.17%	37,086	$536K	New
GLV Clough Global Dividend & Inc.	0.16%	86,114	$514K	Add +16.1%
BGH Barings GLBL SHRT Dur Hi YLD	0.16%	33,789	$511K	New
PGZ Principal Real Estate Income	0.16%	50,826	$509K	Add +272.9%
PPT Franklin Premir Inc. Trust-Ui	0.16%	141,161	$500K	Add +310.8%
XJQCX Nuveen Credit Strategies Inc.	0.16%	98,386	$494K	New
IHD Voya Emrg MRKT Hi DVD Eqty	0.15%	77,225	$488K	Reduce -4.2%
EVF Eaton Vance Senior Income TR	0.15%	92,421	$487K	Add +42.0%
PAI Western Asset Investment Gra	0.15%	38,338	$480K	Reduce -32.8%
RIV Rivernorth Opportunities	0.14%	38,476	$452K	New
CBRE GBL REAL ESTATE INC FD	0.14%	101,282	$444K	New
MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS	0.14%	31,319	$431K	New
CIK UBS Asset Management Income filed as CREDIT SUISSE ASSET MGMT INC	0.14%	152,270	$431K	Add +190.9%
PCF High Income Securities Fund	0.13%	69,164	$425K	Reduce -10.7%
HQH Abrdn Healthcare Investors	0.13%	21,555	$408K	New
XBGYX BlackRock Enh Intl DVD TR	0.13%	69,140	$407K	Reduce -43.1%
EDD Morgan Stanley Emrg MRK Dom	0.13%	72,979	$405K	New
NHS Neuberger High Yield Strateg	0.13%	54,000	$402K	New
EOI Eaton Vance Enhanced Eq Incm	0.12%	18,473	$380K	Reduce -26.0%
BTO John Hancock Financial Opp	0.12%	10,576	$371K	New
XNROX Neu Re Est Sec Inc. FD Inc.-US filed as NEUBERGER REAL ESTATE	0.11%	119,089	$362K	Add +49.5%
DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE	0.11%	144,185	$360K	Add +18.0%
QQQ Invesco QQQ Trust Series 1	0.11%	582	$358K	No change
MIN Aberdeen Intermediate Inc. FD	0.11%	134,091	$350K	Add +55.3%
ECF Ellsworth Growth and Income	0.11%	29,647	$345K	Reduce -70.1%
HGLB Highland Global Allocation	0.11%	37,305	$341K	New
VVR Invesco Senior Income Trust	0.10%	97,091	$317K	Reduce -0.9%
ECAT BlackRock ESG Cap All TRM TR	0.10%	19,500	$300K	New
MXF Mexico Fund Inc.	0.09%	14,588	$294K	No change
BCAT BlackRock Capital Alloc TR	0.09%	20,335	$288K	Add +31.2%
KF Korea Fund Inc.	0.09%	7,500	$283K	Reduce -5.1%
BSL Blackstone SNR Fltng RT	0.09%	19,906	$271K	New
AVK Advent Convert & Income	0.08%	20,934	$263K	Reduce -56.5%
VBF Invesco Bond Fund	0.05%	10,896	$168K	New
XAGDX Abrdn GLBL DYNM Divid	0.04%	10,921	$129K	New
FT Franklin Universal Trust	0.04%	15,756	$126K	No change
ZTR Virtus Total Return Fund Inc.	0.04%	19,241	$121K	Reduce -72.7%
GCV Gabelli Convert & Inc. Sec	0.02%	14,334	$59K	Reduce -47.7%

Portfolio Sells Q3 2025 → Q4 2025


CSQ Calamos Strat TTL RTRN FND	Reduce -34.4%	2.00%	−1.29
HYT BlackRock Corp. Hi YLD	Sold out	0.00%	−1.18
BDJ BlackRock Enhanced Eqty DVD	Reduce -73.7%	0.29%	−0.86
CHINA FUND INC	Sold out	0.00%	−0.84
DIAX Nuveen Dow 30 Dynamic Overwr	Reduce -38.7%	0.96%	−0.73
RVT Royce Small-Cap Trust Inc.	Reduce -37.4%	0.93%	−0.68
DLY Doubleline Yield Opport	Reduce -37.0%	0.86%	−0.67
STEW SRH Total Return Fund Inc.	Reduce -47.9%	0.64%	−0.66
BMEZ BlackRock HLTH Sci TRM TR II	Reduce -71.4%	0.25%	−0.66
USA Liberty All Star Equity Fund	Reduce -16.9%	2.20%	−0.65
SPE Special Opportunities Fund	Reduce -29.4%	1.25%	−0.63
ETG Eaton Vance T/A GL DVD Incm	Reduce -53.2%	0.56%	−0.62
CET Central Securities Corp.	Reduce -18.9%	1.73%	−0.61
XAODX Abrdn Total Dynamic Dividend	Reduce -66.2%	0.29%	−0.61
ADX Adams Diversified Equity	Reduce -30.6%	1.22%	−0.60
ETV Eaton Vance T/M Buy-Writ Opp	Reduce -30.7%	1.02%	−0.56
FTF Franklin Ltd. Dur Inc. TR	Reduce -28.6%	0.96%	−0.55
XSSPX Nuveen S&P 500 Dynam Overwr	Sold out	0.00%	−0.52
CHW Calamos Global Dynamic Incom	Reduce -16.9%	1.62%	−0.51
RMT Royce Micro-Cap Trust Inc.	Reduce -8.7%	2.74%	−0.50
HEQ John Hancock Divers Inc. Fund	Reduce -46.2%	0.45%	−0.45
XBXMX Nuveen S&P 500 Buy-WR Inc.	Reduce -38.9%	0.57%	−0.44
HQL Abrdn Life Sciences Investor	Reduce -41.6%	0.61%	−0.44
EHI Western Asset Global High Inc.	Reduce -23.4%	0.86%	−0.40
GLO Clough Global Opportunities	Reduce -55.9%	0.26%	−0.38
XNIEX Virtus Equity & Convertible	Reduce -35.9%	0.55%	−0.36
SWZ Total Return Securities Fund	Reduce -54.4%	0.27%	−0.35
HIX Western Asset High Inc. II	Reduce -26.7%	0.53%	−0.30
ECF Ellsworth Growth and Income	Reduce -70.1%	0.11%	−0.29
ETW Eaton Vance T/M GLBL Buy-WR	Reduce -23.9%	0.69%	−0.27
TDF Templeton Dragon Fund Inc.	Reduce -33.8%	0.37%	−0.26
VLT Invesco High Income Trust II	Reduce -55.2%	0.18%	−0.25
SABA Saba Capital Income & Opp II	Reduce -2.0%	1.15%	−0.25
JHI John Hancock Investors TR	Reduce -21.5%	0.59%	−0.24
BWG Brandywineglobal Global Inco	Reduce -11.9%	0.82%	−0.23
CGO Calamos Global Total Return	Reduce -14.6%	0.67%	−0.22
FINS Angel Oak Financ Strat Inc.	Reduce -27.4%	0.44%	−0.21
BGX Blackstone Long-Short Credit	Reduce -47.9%	0.18%	−0.20
XRSFX Rivernorth Capital & Income	Sold out	0.00%	−0.19
SDHY Pgim SHRT Durat Hi YLD	Reduce -9.3%	0.90%	−0.18
ERC Allspring Multi-Sector Inc.	Reduce -5.1%	1.03%	−0.18
TWN Taiwan Fund Inc./TH/MD-US Inc.	Reduce -20.4%	0.74%	−0.18
RQI Cohen & Steers Qual Inc. RLTY	Reduce -39.2%	0.17%	−0.16
IGI Western Asst Inv GR Oppor TR	Sold out	0.00%	−0.15
DBL Doubleline Opport Credit	Sold out	0.00%	−0.15
JRS Nuveen Real Estate Income	Sold out	0.00%	−0.14
DFP Flaherty & Crumrine DYN Pref	Reduce -17.9%	0.38%	−0.14
IAF Abrdn Australia Equity FD Inc.	Sold out	0.00%	−0.14
AVK Advent Convert & Income	Reduce -56.5%	0.08%	−0.13
VGI Virtus Global Multi-Sector	Reduce -5.6%	0.73%	−0.12

Portfolio Buys Q3 2025 → Q4 2025


ARDC Ares Dynamic Credit All	New	1.03%	+1.03
XETYX Eaton Vance Tax-MGD Div Eqty	New	1.02%	+1.02
KIO KKR Income Opportunities	Add +428.1%	1.13%	+0.88
GHY Pgim Global High Yield Fund	Add +646.9%	0.87%	+0.74
NFJ Virtus DVD Intrst & PRM STR	Add +364.9%	0.91%	+0.69
BIT BlackRock Multi-Sector Inc.	New	0.69%	+0.69
QQQX Nuveen Nasdaq 100 DYN Overwr	Add +69.1%	1.84%	+0.69
XEVTX Eaton Vance Tax-Adv DVD Inc.	Add +110.1%	1.37%	+0.68
HYI Western Asset High Yield Opp	Add +452.8%	0.82%	+0.65
HTD John Hancock Tax Adv DVD Inc.	Add +469.3%	0.77%	+0.62
SPY SS SPDR S&P 500 ETF Trust-US	Add +66.2%	1.69%	+0.61
WDI Western Asset Divers Inc.	New	0.59%	+0.59
CPZ Calamos LNG/SHRT Eqty & DYN	New	0.59%	+0.59
XEXGX Eaton Vance Tax-Managed Glob	Add +283.5%	0.80%	+0.59
TY Tri-Continental Corp.	Add +455.5%	0.73%	+0.58
XIGDX Voya GLBL Eqty DVD & PRM Opp	New	0.56%	+0.56
GAM General American Investors	New	0.54%	+0.54
PTA Cohen & Steers Tax-Advantage	Add +173.1%	0.90%	+0.52
EOS Eaton Vance Enh Eqt Inc. II	Add +73.6%	1.37%	+0.50
FAX Abrdn Asia-Pacific Income	New	0.49%	+0.49
HIO Western Asset Hi Inc. Opport	Add +191.0%	0.72%	+0.44
RA Brookfield Real Assets Incom	Add +260.6%	0.63%	+0.43
NPCT Nuveen Core Plus Impact	Add +98.6%	0.92%	+0.37
IGA Voya Global Advan & Prem Opp	Add +483.5%	0.44%	+0.36
TBLD Thornburg Income Builder Opp	New	0.35%	+0.35
XGDVX Gabelli Dividend & Income TR	Add +113.4%	0.65%	+0.33
XEVGX Eaton Vance Short Dur Div Inc.	Add +328.8%	0.41%	+0.30
XSCDX LMP Capital and Income Fund	Add +341.1%	0.39%	+0.29
XAI OCTAGN FLT RAT & ALT INM	New	0.28%	+0.28
JGH Nuveen Global High Income	Add +66.6%	0.93%	+0.28
XRNPX Cohen & Steers REIT and Pref	New	0.25%	+0.25
PFN PIMCO Income Strategy FD II	New	0.25%	+0.25
BRW Saba Capital Income & Opport	Add +199.8%	0.40%	+0.24
XFRAX BlackRock Fltng RT Inc. Strat	New	0.24%	+0.24
XAWFX Alliancebernstein GL Hi Inc.	Add +62.9%	0.73%	+0.22
GDO Western Ast GLB Corp. Opprnty	Add +180.9%	0.36%	+0.22
MSD Morgan Stanley Emrg MKT Debt	Add +97.8%	0.43%	+0.19
EFT Eaton Vance Fltng RT Inc. TR	Add +423.5%	0.24%	+0.19
FFA First Trust Enhan Eqty Inc.	Add +16.8%	2.00%	+0.19
BGT BlackRock Fltng RT Inc. TR	New	0.18%	+0.18
ETO Eaton Vance T/A GLBL DVD Opp	Add +17.4%	1.10%	+0.18
XLGIX Lazard GLBL TTL RTRN & Inc.	New	0.18%	+0.18
NMAI Nuveen Multi-Asset Income	Add +52.7%	0.63%	+0.17
NBXG Neuberger Next Generation Co.	New	0.17%	+0.17
BGH Barings GLBL SHRT Dur Hi YLD	New	0.16%	+0.16
MCN Xai Madison Equity Premium I	Add +27.9%	1.30%	+0.16
XJQCX Nuveen Credit Strategies Inc.	New	0.16%	+0.16
ACP Abrdn Income Credit Strat	Add +34.4%	1.03%	+0.15
XPGPX PIMCO GLBL Stockspl & Inc.	Add +81.7%	0.33%	+0.15
ASG Liberty All-Star Growth FD	Add +17.7%	2.65%	+0.15

Notes & Other Activity Q3 2025 → Q4 2025


BLACKROCK INCOME TR-RT	RIGHT 10/20/2025	Sold out	24,402	$0before exit

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

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