Shaker Financial Services, LLC

Arlington, VA · CIK 1511794 · 13F filing filed 2023-08-07

SEC-registered investment adviser since 2004 · limited liability company

Assets managed$286.3m
Staff6 · 2 in investment roles
Main clients (by assets)High net worth individuals 73%, Individuals 27%
Main officeAnnapolis, MD
Websiteshakerfinancial.com
Form ADV · 2026-03-27SEC adviser record

$228.9m reported value +0.1% vs Q1 2023

159positions

25.7%in top 10

22 new 63 added 64 reduced 15 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SRH TOTAL RETURN FUND INC COM STEW	STEW	593,426	$7.9m3.44%	3.44%	Reduced -57.8k	-57,842 -8.9%
2	GABELLI DIVID & INCOME TR COM XGDVX	XGDVX	352,452	$7.4m3.25%	3.25%	Reduced -27.5k	-27,544 -7.2%
3	CENTRAL SECS CORP COM CET	CET	194,323	$7.1m3.10%	3.10%	Added +26.8k	+26,771 16.0%
4	EATON VANCE TX ADV GLBL DIV COM ETG	ETG	392,328	$6.6m2.86%	2.86%	Added +56.0k	+56,023 16.7%
5	NUVEEN DOW 30 DYNMC OVERWRT SHS SHS		429,758	$6.2m2.70%	2.70%	Added +167.1k	+167,133 63.6%
6	BLACKROCK ENHANCED EQUITY DI COM BDJ	BDJ	655,940	$5.5m2.39%	2.39%	Added +568.7k	+568,691 651.8%
7	GENERAL AMERN INVS CO INC COM GAM	GAM	116,895	$4.9m2.13%	2.13%	Added +10.5k	+10,487 9.9%
8	ROYCE SMALL CAP TRUST INC COM RVT	RVT	333,244	$4.6m2.01%	2.01%	Reduced -196.6k	-196,613 -37.1%
9	SPROTT FOCUS TR INC COM FUND	FUND	550,834	$4.4m1.91%	1.91%	Added +48.2k	+48,187 9.6%
10	SOURCE CAP INC COM COM		111,632	$4.3m1.87%	1.87%	Reduced -43.7k	-43,670 -28.1%
11	BLACKROCK DEBT STRATEGIES FD COM NEW DSU	DSU	409,610	$4.0m1.75%	1.75%	Reduced -29.3k	-29,340 -6.7%
12	ALLSPRING INCOME OPPORTUNIT INC OPPTY FD XEADX	XEADX	539,661	$3.5m1.53%	1.53%	Added +34.5k	+34,513 6.8%
13	EATON VANCE TAX-MANAGED GLOB COM XEXGX	XEXGX	431,994	$3.4m1.49%	1.49%	Reduced -70.7k	-70,710 -14.1%
14	HIGHLAND GLOBAL ALLOCATION F COM HGLB	HGLB	394,874	$3.4m1.49%	1.49%	Added +103.1k	+103,123 35.4%
15	NUVEEN S&P 500 BUY-WRITE INC COM COM		242,230	$3.3m1.43%	1.43%	Added +179.7k	+179,730 287.6%
16	CALAMOS LNG SHR EQT DYNAMIC COM CPZ	CPZ	210,057	$3.2m1.42%	1.42%	Added +18.1k	+18,074 9.4%
17	VIRTUS GLOBAL MULTI-SECTOR I COM VGI	VGI	411,802	$3.1m1.34%	1.34%	Added +28.9k	+28,885 7.5%
18	LIBERTY ALL-STAR GROWTH FD I COM ASG	ASG	562,719	$3.0m1.33%	1.33%	Reduced -76.5k	-76,467 -12.0%
19	VOYA GLBL ADV & PREM OPP FD COM IGA	IGA	328,889	$2.8m1.23%	1.23%	Reduced -43.4k	-43,415 -11.7%
20	ADAMS DIVERSIFIED EQUITY FD COM ADX	ADX	164,908	$2.8m1.21%	1.21%	Reduced -95.9k	-95,931 -36.8%
21	CALAMOS GBL DYN INCOME FUND COM CHW	CHW	451,359	$2.7m1.19%	1.19%	Reduced -11.5k	-11,499 -2.5%
22	FIRST TR ENHANCED EQUITY INC COM FFA	FFA	152,780	$2.7m1.17%	1.17%	Reduced -199.9k	-199,927 -56.7%
23	NUVEEN SR INCOME FD COM COM		569,336	$2.6m1.15%	1.15%	Reduced -23.0k	-23,018 -3.9%
24	EATON VANCE SR FLTNG RTE TR COM XEFRX	XEFRX	221,220	$2.6m1.14%	1.14%	Reduced -45.7k	-45,703 -17.1%
25	SPECIAL OPPORTUNITIES FD INC COM SPE	SPE	226,137	$2.5m1.11%	1.11%	Added +19.9k	+19,869 9.6%
26	FRANKLIN LTD DURATION INCOME COM FTF	FTF	397,792	$2.5m1.07%	1.07%	Reduced -21.6k	-21,635 -5.2%
27	RIVERNORTH DOUBLELINE STRATE COM OPP	OPP	282,736	$2.4m1.05%	1.05%	Reduced -22.8k	-22,774 -7.5%
28	NUVEEN S&P 500 DYNAMIC OVERW COM XSSPX	XSSPX	151,233	$2.4m1.05%	1.05%	Added +99.4k	+99,416 191.9%
29	PIONEER DIVERSIFIED HIGH INC COM XHNWX	XHNWX	237,066	$2.4m1.05%	1.05%	Reduced -1.7k	-1,719 -0.7%
30	EUROPEAN EQUITY FD INC COM EEA	EEA	276,886	$2.4m1.04%	1.04%	Added +14.9k	+14,932 5.7%
31	TOTAL RETURN SECURITIES FUND COM SWZ	SWZ	289,157	$2.4m1.04%	1.04%	Added +4.0k	+3,994 1.4%
32	PIONEER HIGH INCOME FUND INC COM XPHTX	XPHTX	348,092	$2.3m1.02%	1.02%	Reduced -146.9k	-146,871 -29.7%
33	EATON VANCE TAX ADVT DIV INC COM XEVTX	XEVTX	98,767	$2.2m0.98%	0.98%	Reduced -23.6k	-23,553 -19.3%
34	EATON VANCE TAX-MANAGED GLOB COM ETW	ETW	263,227	$2.2m0.95%	0.95%	Reduced -283.4k	-283,405 -51.9%
35	EATON VANCE LTD DURATION INC COM XEVVX	XEVVX	229,645	$2.1m0.94%	0.94%	Added +174.0k	+174,018 312.8%
36	NUVEEN PFD & INCOME SECS FD COM COM		334,224	$2.1m0.94%	0.94%	Added +27.2k	+27,164 8.8%
37	NUVEEN CORE EQUITY ALPHA FD COM JCE	JCE	164,508	$2.1m0.93%	0.93%	Added +88.9k	+88,899 117.6%
38	EATON VANCE FLTING RATE INC COM EFT	EFT	175,435	$2.0m0.90%	0.90%	Reduced -7.6k	-7,611 -4.2%
39	NEW GERMANY FD INC COM GF	GF	220,862	$2.0m0.87%	0.87%	Added +6.7k	+6,699 3.1%
40	TRI CONTL CORP COM TY	TY	70,746	$1.9m0.85%	0.85%	Added +40.1k	+40,068 130.6%
41	APOLLO TACTICAL INCOME FD IN COM COM		150,946	$1.9m0.84%	0.84%	Reduced -6.1k	-6,076 -3.9%
42	NUVEEN MULTI ASSET INCOME FU COM NMAI	NMAI	157,241	$1.9m0.82%	0.82%	Added +25.0k	+24,984 18.9%
43	RIVERNORTH OPPORTUNITIES FD COM RIV	RIV	160,715	$1.8m0.80%	0.80%	Reduced -67.0k	-67,031 -29.4%
44	HANCOCK JOHN INVT TR II COM JHI	JHI	144,945	$1.8m0.80%	0.80%	Added +6.9k	+6,862 5.0%
45	CLOUGH GLOBAL OPPORTUNITIES SH BEN INT GLO	GLO	364,636	$1.8m0.80%	0.80%	Reduced -45.2k	-45,232 -11.0%
46	BANCROFT FD LTD COM BCV	BCV	106,701	$1.8m0.80%	0.80%	Reduced -2.6k	-2,607 -2.4%
47	CALAMOS STRATEGIC TOTAL RETU COM SH BEN INT CSQ	CSQ	122,271	$1.8m0.79%	0.79%	Added +78.6k	+78,578 179.8%
48	PIMCO INCOME STRATEGY FD COM PFL	PFL	215,945	$1.8m0.78%	0.78%	Added +52.1k	+52,064 31.8%
49	BLACKROCK CORPOR HI YLD FD I COM HYT	HYT	200,048	$1.8m0.78%	0.78%	Reduced -66.5k	-66,545 -25.0%
50	EATON VANCE ENHANCED EQUITY COM EOS	EOS	98,821	$1.8m0.77%	0.77%	Reduced -47.2k	-47,214 -32.3%
51	ALLSPRING GLOBAL DIVIDEND OP COM EOD	EOD	394,154	$1.8m0.77%	0.77%	Added +241.7k	+241,656 158.5%
52	BLACKSTONE LONG SHORT CR INC COM SHS BN INT BGX	BGX	153,064	$1.7m0.76%	0.76%	Reduced -45.4k	-45,397 -22.9%
53	ADVENT CONV & INCOME FD COM AVK	AVK	140,760	$1.6m0.72%	0.72%	Added +57.3k	+57,340 68.7%
54	ABRDN GLOBAL DYNAMIC DIVIDEN COM XAGDX	XAGDX	169,038	$1.6m0.70%	0.70%	Reduced -122.5k	-122,513 -42.0%
55	PIMCO INCOME STRATEGY FD II COM PFN	PFN	221,045	$1.6m0.70%	0.70%	Added +57.7k	+57,740 35.4%
56	BLACKROCK LTD DURATION INCOM COM SHS BLW	BLW	120,680	$1.6m0.68%	0.68%	New
57	FIRST TR INTER DURATN PFD & COM FPF	FPF	99,592	$1.5m0.67%	0.67%	Added +5.9k	+5,909 6.3%
58	JOHN HANCOCK HEDGED EQUITY & COM HEQ	HEQ	135,827	$1.5m0.64%	0.64%	Added +114.1k	+114,055 523.9%
59	FIRST TR HIGH INCOME LONG / COM COM		127,676	$1.5m0.64%	0.64%	Reduced -33.4k	-33,431 -20.8%
60	EATON VANCE TAX MNGED BUY WR COM ETB	ETB	103,652	$1.4m0.63%	0.63%	Reduced -28.2k	-28,194 -21.4%
61	ALLSPRING MULTI SECTOR INCOM COM ERC	ERC	149,947	$1.4m0.61%	0.61%	Added +121.4k	+121,437 425.9%
62	ECOFIN SUSTAINABLE AND SOCIA COM SH BEN INT XTEAX	XTEAX	105,931	$1.3m0.58%	0.58%	Added +37.5k	+37,542 54.9%
63	BNY MELLON HIGH YIELD STRATE SH BEN INT DHF	DHF	585,665	$1.3m0.57%	0.57%	Reduced -3.9k	-3,947 -0.7%
64	WESTERN ASSET EMERGING MKTS COM XEMDX	XEMDX	146,883	$1.3m0.56%	0.56%	Added +47.4k	+47,434 47.7%
65	ROYCE MICRO-CAP TR INC COM RMT	RMT	142,573	$1.2m0.54%	0.54%	Added +63.6k	+63,644 80.6%
66	EATON VANCE TAX-MANAGED BUY- COM ETV	ETV	95,333	$1.2m0.53%	0.53%	New
67	PGIM SHORT DUR HIG YLD OPP F COM SDHY	SDHY	79,823	$1.2m0.52%	0.52%	Added +55.4k	+55,412 227.0%
68	COHEN & STEERS CLOSED-END OP COM XFOFX	XFOFX	108,816	$1.2m0.51%	0.51%	New
69	VOYA ASIA PAC HIGH DIV EQT I COM XIAEX	XIAEX	184,489	$1.1m0.49%	0.49%	Reduced -5.3k	-5,290 -2.8%
70	COHEN & STEERS LTD DURATION COM LDP	LDP	61,633	$1.1m0.49%	0.49%	Reduced -9.5k	-9,496 -13.3%
71	INVESCO HIGH INCOME TR II COM VLT	VLT	106,664	$1.1m0.49%	0.49%	Added +12.3k	+12,321 13.1%
72	PIMCO DYNAMIC INCOME OPRNTS COM BEN SHS PDO	PDO	84,046	$1.1m0.49%	0.49%	Reduced -782	-782 -0.9%
73	NUVEEN PFD & INCOME OPPORTUN COM JPC	JPC	166,631	$1.1m0.47%	0.47%	Added +5.3k	+5,323 3.3%
74	HANCOCK JOHN PFD INCOME FD SH BEN INT HPI	HPI	71,030	$1.1m0.47%	0.47%	Added +38.7k	+38,678 119.5%
75	TEMPLETON DRAGON FD INC COM TDF	TDF	118,649	$1.1m0.47%	0.47%	Reduced -7.5k	-7,543 -6.0%
76	TAIWAN FD INC COM TWN	TWN	33,921	$1.1m0.46%	0.46%	Unchanged
77	FIRST TR SR FLTG RATE INCOME COM COM		106,695	$1.1m0.46%	0.46%	Reduced -34.8k	-34,822 -24.6%
78	BLACKSTONE SENI FLTN RAT 202 COM BSL	BSL	76,265	$977.7k0.43%	0.43%	Added +7.9k	+7,867 11.5%
79	NUVEEN REAL ASSET INCOME & G COM JRI	JRI	81,804	$941.3k0.41%	0.41%	Reduced -2.0k	-2,038 -2.4%
80	BLACKROCK ENHANCD CAP & INM COM CII	CII	48,528	$898.3k0.39%	0.39%	New
81	MEXICO EQUITY & INCOME FD COM MXE	MXE	88,775	$891.4k0.39%	0.39%	Unchanged
82	ABRDN LIFE SCIENCES INVESTOR SH BEN INT HQL	HQL	65,186	$882.6k0.39%	0.39%	Reduced -1.3k	-1,342 -2.0%
83	NUVEEN SHORT DURATION CR OPP COM COM		74,251	$865.8k0.38%	0.38%	Reduced -7.5k	-7,496 -9.2%
84	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,950	$864.4k0.38%	0.38%	New
85	ARES DYNAMIC CR ALLOCATION F COM ARDC	ARDC	66,749	$823.0k0.36%	0.36%	Added +32.5k	+32,459 94.7%
86	ANGEL OAK FINL STRATEGIES IN COM BEN INT FINS	FINS	69,302	$818.5k0.36%	0.36%	Added +19.4k	+19,392 38.9%
87	ROYCE GLOBAL TRUST INC COM RGT	RGT	86,162	$796.1k0.35%	0.35%	Reduced -23.4k	-23,429 -21.4%
88	WESTERN ASSET DIVERSIFIED IN COM SHS BEN INT WDI	WDI	56,562	$769.5k0.34%	0.34%	Added +8.7k	+8,721 18.2%
89	PGIM GLOBAL HIGH YIELD FD FO COM GHY	GHY	70,111	$769.1k0.34%	0.34%	Added +10.0k	+10,002 16.6%
90	VIRTUS DIVERSIFIED INCM & CO COM ACV	ACV	37,650	$758.8k0.33%	0.33%	Added +18.5k	+18,451 96.1%
91	PIONEER FLOATING RATE FUND I COM XPHDX	XPHDX	86,286	$749.0k0.33%	0.33%	Reduced -4.3k	-4,327 -4.8%
92	EATON VANCE SHORT DURATION D COM XEVGX	XEVGX	74,140	$727.3k0.32%	0.32%	New
93	BRANDYWINEGBL GBL INCM OPP F COM BWG	BWG	88,996	$722.5k0.32%	0.32%	Added +25.8k	+25,829 40.9%
94	HANCOCK JOHN INVT TR TAX ADV GLB SH TAX ADV GLB SH		144,901	$679.6k0.30%	0.30%	Added +27.1k	+27,076 23.0%
95	FIRST TR HIGH YIELD OPPRT 20 COM FTHY	FTHY	48,835	$670.0k0.29%	0.29%	Reduced -102.5k	-102,501 -67.7%
96	MFS CHARTER INCOME TR SH BEN INT XMCRX	XMCRX	104,991	$662.5k0.29%	0.29%	Added +84.3k	+84,255 406.3%
97	NUVEEN FLOATING RATE INCOME COM SHS COM SHS		83,333	$656.2k0.29%	0.29%	Added +2.7k	+2,704 3.4%
98	INVESCO SR INCOME TR COM VVR	VVR	169,967	$654.4k0.29%	0.29%	Added +11.0k	+10,967 6.9%
99	NEUBERGER BERMAN NEXT GENERA COMMON STOCK NBXG	NBXG	59,168	$645.5k0.28%	0.28%	Reduced -10.3k	-10,311 -14.8%
100	TEMPLETON EMERGING MKTS INCO COM TEI	TEI	125,269	$645.1k0.28%	0.28%	Added +65.2k	+65,203 108.5%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
EATON VANCE RISK-MANAGED DIV ETJ	ETJ	242,493	$1.9m242.5k shares
BLACKROCK FLOATING RATE INC BGT	BGT	158,807	$1.8m158.8k shares
ABRDN TOTAL DYNAMIC DIVIDEND XAODX	XAODX	185,738	$1.5m185.7k shares
DOUBLELINE INCOME SOLUTIONS DSL	DSL	128,658	$1.5m128.7k shares
BARINGS GLOBAL SHORT DURATIO BGH	BGH	104,240	$1.4m104.2k shares
BLACKROCK FLOATING RATE INCO XFRAX	XFRAX	111,444	$1.3m111.4k shares
LMP CAP & INCOME FD INC XSCDX	XSCDX	90,960	$1.1m91.0k shares
LIBERTY ALL STAR EQUITY FD USA	USA	175,100	$1.1m175.1k shares
DOUBLELINE OPPORTUNISTIC CR DBL	DBL	69,478	$985.2k69.5k shares
CREDIT SUISSE ASSET MGMT INC CIK	CIK	379,201	$974.5k379.2k shares
ABRDN HEALTHCARE OPPORTUNITI THQ	THQ	50,367	$944.9k50.4k shares
BLACKROCK ENHANCED GLOBAL DI XBOEX	XBOEX	27,181	$269.9k27.2k shares
KKR INCOME OPPORTUNITIES FD KIO	KIO	14,718	$161.6k14.7k shares
HIGH INCOME SECS FD PCF	PCF	20,400	$132.6k20.4k shares
MFS INTER INCOME TR		32,000	$88.6k32.0k shares