Shaker Financial Services, LLC

Arlington, VA · CIK 1511794 · 13F filing filed 2024-08-02

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

$247.3m reported value -4.3% vs Q1 2024

157positions

24.7%in top 10

25 new 61 added 60 reduced 25 sold out vs Q1 2024

Holdings, Q2 2024

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	635,982	$9.3m3.74%	3.74%	Reduced -43.2k	-43,177 -6.4%
2	SPROTT FOCUS TR INC COM FUND	FUND	995,343	$7.5m3.02%	3.02%	Added +92.5k	+92,476 10.2%
3	LIBERTY ALL-STAR GROWTH FD I COM ASG	ASG	1,313,319	$7.0m2.84%	2.84%	Added +11.1k	+11,143 0.9%
4	NUVEEN NASDAQ 100 DYNAMIC OV COM SHS QQQX	QQQX	234,152	$6.0m2.41%	2.41%	Added +4.3k	+4,254 1.9%
5	NUVEEN S&P 500 BUY-WRITE INC COM COM		426,207	$5.9m2.37%	2.37%	Reduced -83.4k	-83,412 -16.4%
6	GENERAL AMERN INVS CO INC COM GAM	GAM	108,528	$5.4m2.18%	2.18%	Added +32.1k	+32,065 41.9%
7	ROYCE MICRO-CAP TR INC COM RMT	RMT	574,290	$5.3m2.13%	2.13%	Added +85.6k	+85,571 17.5%
8	LIBERTY ALL STAR EQUITY FD SH BEN INT USA	USA	751,159	$5.1m2.07%	2.07%	New
9	EATON VANCE TAX-MANAGED BUY- COM ETV	ETV	369,575	$5.1m2.04%	2.04%	Added +10.8k	+10,789 3.0%
10	EATON VANCE TX ADV GLBL DIV COM ETG	ETG	257,575	$4.8m1.94%	1.94%	Reduced -45.8k	-45,799 -15.1%
11	HIGHLAND GLOBAL ALLOCATION F COM HGLB	HGLB	614,264	$4.6m1.87%	1.87%	Added +158.3k	+158,297 34.7%
12	BLACKROCK ENHANCD CAP & INM COM CII	CII	227,627	$4.6m1.84%	1.84%	Reduced -76.8k	-76,813 -25.2%
13	ALLSPRING MULTI SECTOR INCOM COM ERC	ERC	492,903	$4.5m1.80%	1.80%	Reduced -19.7k	-19,695 -3.8%
14	EATON VANCE TAX ADVT DIV INC COM XEVTX	XEVTX	178,135	$4.1m1.68%	1.68%	Reduced -65.7k	-65,703 -26.9%
15	ALLSPRING INCOME OPPORTUNIT INC OPPTY FD XEADX	XEADX	618,812	$4.1m1.67%	1.67%	Reduced -14.5k	-14,523 -2.3%
16	PGIM SHORT DUR HIG YLD OPP F COM SDHY	SDHY	256,343	$3.9m1.59%	1.59%	Added +4.0k	+3,984 1.6%
17	NUVEEN S&P 500 DYNAMIC OVERW COM XSSPX	XSSPX	223,364	$3.7m1.50%	1.50%	Reduced -52.6k	-52,586 -19.1%
18	EATON VANCE TAX MNGED BUY WR COM ETB	ETB	261,714	$3.7m1.49%	1.49%	Added +16.1k	+16,111 6.6%
19	BLACKROCK ENHANCED EQUITY DI COM BDJ	BDJ	446,818	$3.7m1.48%	1.48%	Added +224.6k	+224,647 101.1%
20	EUROPEAN EQUITY FD INC COM EEA	EEA	375,603	$3.4m1.36%	1.36%	Added +14.6k	+14,576 4.0%
21	EATON VANCE TAX-MANAGED GLOB COM XEXGX	XEXGX	398,922	$3.4m1.36%	1.36%	Added +7.1k	+7,089 1.8%
22	FRANKLIN LTD DURATION INCOME COM FTF	FTF	510,214	$3.2m1.31%	1.31%	Reduced -8.6k	-8,569 -1.6%
23	FIRST TR ENHANCED EQUITY INC COM FFA	FFA	159,671	$3.2m1.29%	1.29%	Reduced -50.5k	-50,522 -24.0%
24	VIRTUS GLOBAL MULTI-SECTOR I COM VGI	VGI	413,933	$3.1m1.27%	1.27%	Reduced -23.0k	-22,964 -5.3%
25	NUVEEN DOW 30 DYNMC OVERWRT SHS SHS		218,389	$3.1m1.26%	1.26%	Added +27.1k	+27,140 14.2%
26	NUVEEN CORE EQUITY ALPHA FD COM JCE	JCE	202,739	$3.1m1.26%	1.26%	Reduced -31.5k	-31,454 -13.4%
27	EATON VANCE TAX-MANAGED GLOB COM ETW	ETW	364,908	$3.0m1.22%	1.22%	Added +16.5k	+16,460 4.7%
28	TRI CONTL CORP COM TY	TY	94,909	$2.9m1.19%	1.19%	Added +25.4k	+25,434 36.6%
29	CENTRAL SECS CORP COM CET	CET	63,707	$2.8m1.13%	1.13%	Reduced -81.2k	-81,233 -56.0%
30	EATON VANCE LTD DURATION INC COM XEVVX	XEVVX	280,101	$2.7m1.10%	1.10%	Reduced -56.6k	-56,561 -16.8%
31	ROYCE SMALL CAP TRUST INC COM RVT	RVT	188,256	$2.7m1.10%	1.10%	Added +93.1k	+93,131 97.9%
32	HANCOCK JOHN INVT TR II COM JHI	JHI	203,489	$2.7m1.09%	1.09%	Reduced -16.7k	-16,731 -7.6%
33	PGIM HIGH YIELD BOND FUND IN COM ISD	ISD	208,631	$2.7m1.09%	1.09%	Added +46.5k	+46,451 28.6%
34	EATON VANCE TAX-MANAGED DIVE COM XETYX	XETYX	190,304	$2.7m1.08%	1.08%	Added +105.9k	+105,880 125.4%
35	TOTAL RETURN SECURITIES FUND COM SWZ	SWZ	323,974	$2.6m1.06%	1.06%	Added +31.6k	+31,596 10.8%
36	MFS CHARTER INCOME TR SH BEN INT XMCRX	XMCRX	413,834	$2.6m1.05%	1.05%	Reduced -62.6k	-62,587 -13.1%
37	HANCOCK JOHN PREM DIVID FD COM SH BEN INT PDT	PDT	212,585	$2.5m1.01%	1.01%	Added +95.6k	+95,639 81.8%
38	CALAMOS STRATEGIC TOTAL RETU COM SH BEN INT CSQ	CSQ	143,153	$2.4m0.97%	0.97%	Reduced -10.8k	-10,750 -7.0%
39	ALLSPRING GLOBAL DIVIDEND OP COM EOD	EOD	481,655	$2.4m0.97%	0.97%	Reduced -287.1k	-287,145 -37.4%
40	PGIM GLOBAL HIGH YIELD FD FO COM GHY	GHY	193,465	$2.3m0.93%	0.93%	Added +16.0k	+15,964 9.0%
41	NEW GERMANY FD INC COM GF	GF	280,683	$2.3m0.92%	0.92%	Reduced -41.1k	-41,063 -12.8%
42	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,125	$2.3m0.91%	0.91%	Added +2.9k	+2,903 237.6%
43	DOUBLELINE OPPORTUNISTIC CR COM DBL	DBL	144,101	$2.2m0.90%	0.90%	New
44	BRANDYWINEGBL GBL INCM OPP F COM BWG	BWG	243,615	$2.0m0.82%	0.82%	Added +21.2k	+21,175 9.5%
45	JOHN HANCOCK HEDGED EQUITY & COM HEQ	HEQ	190,950	$2.0m0.80%	0.80%	Reduced -9.4k	-9,424 -4.7%
46	EATON VANCE RISK-MANAGED DIV COM ETJ	ETJ	209,915	$1.8m0.75%	0.75%	Reduced -126.0k	-125,992 -37.5%
47	ABRDN GLOBAL DYNAMIC DIVIDEN COM XAGDX	XAGDX	188,767	$1.8m0.74%	0.74%	Reduced -5.2k	-5,215 -2.7%
48	PIMCO GLOBAL STOCKSPLS INCM COM XPGPX	XPGPX	231,174	$1.8m0.71%	0.71%	Reduced -123.3k	-123,306 -34.8%
49	FIRST TR INTER DURATN PFD & COM FPF	FPF	95,142	$1.7m0.71%	0.71%	Reduced -28.4k	-28,352 -23.0%
50	COHEN & STEERS LTD DURATION COM LDP	LDP	84,927	$1.7m0.68%	0.68%	Added +22.3k	+22,336 35.7%
51	TEMPLETON EMERGING MKTS INCO COM TEI	TEI	315,666	$1.7m0.68%	0.68%	Reduced -130.3k	-130,336 -29.2%
52	FLAHERTY & CRUMRINE DYNAMIC SHS DFP	DFP	79,008	$1.5m0.61%	0.61%	Added +629	+629 0.8%
53	LMP CAP & INCOME FD INC COM XSCDX	XSCDX	92,584	$1.4m0.58%	0.58%	New
54	CLOUGH GLOBAL OPPORTUNITIES SH BEN INT GLO	GLO	265,485	$1.4m0.58%	0.58%	Added +94.1k	+94,096 54.9%
55	EATON VANCE ENHANCED EQUITY COM EOI	EOI	73,314	$1.4m0.58%	0.58%	Added +35.0k	+34,957 91.1%
56	WESTERN ASSET EMERGING MKTS COM XEMDX	XEMDX	147,021	$1.4m0.56%	0.56%	Added +18.7k	+18,719 14.6%
57	INVESCO HIGH INCOME TR II COM VLT	VLT	130,324	$1.4m0.56%	0.56%	Reduced -17.5k	-17,482 -11.8%
58	ECOFIN SUSTAINABLE AND SOCIA COM SH BEN INT XTEAX	XTEAX	118,883	$1.4m0.55%	0.55%	Added +17.8k	+17,769 17.6%
59	TAIWAN FD INC COM TWN	TWN	30,981	$1.4m0.55%	0.55%	Reduced -2.3k	-2,291 -6.9%
60	RIVERNORTH CAP AND INCM FD I COM XRSFX	XRSFX	86,778	$1.3m0.54%	0.54%	Reduced -1.0k	-1,007 -1.1%
61	WESTERN ASSET HIGH YIELD DEF COM HYI	HYI	109,635	$1.3m0.52%	0.52%	Added +68.0k	+67,976 163.2%
62	MFS MULTIMARKET INCOME TR SH BEN INT MMT	MMT	252,857	$1.2m0.48%	0.48%	Added +22.3k	+22,331 9.7%
63	PIONEER HIGH INCOME FUND INC COM XPHTX	XPHTX	155,045	$1.2m0.47%	0.47%	Added +102.9k	+102,863 197.1%
64	HANCOCK JOHN FINL OPPTYS FD SH BEN INT NEW BTO	BTO	40,840	$1.1m0.46%	0.46%	Added +19.6k	+19,629 92.5%
65	PUTNAM PREMIER INCOME TR SH BEN INT PPT	PPT	317,023	$1.1m0.46%	0.46%	Reduced -25.2k	-25,186 -7.4%
66	BARINGS GLOBAL SHORT DURATIO COM BGH	BGH	78,444	$1.1m0.46%	0.46%	Added +6.4k	+6,369 8.8%
67	VOYA GLBL EQTY DIV & PREM OP COM XIGDX	XIGDX	218,985	$1.1m0.46%	0.46%	Added +209.0k	+208,985 2089.8%
68	VOYA ASIA PAC HIGH DIV EQT I COM XIAEX	XIAEX	172,356	$1.1m0.44%	0.44%	Reduced -10.6k	-10,590 -5.8%
69	BANCROFT FD LTD COM BCV	BCV	67,889	$1.1m0.43%	0.43%	Reduced -57.6k	-57,557 -45.9%
70	ANGEL OAK FINL STRATEGIES IN COM BEN INT FINS	FINS	84,071	$1.0m0.42%	0.42%	New
71	EATON VANCE ENHANCED EQUITY COM EOS	EOS	47,610	$1.0m0.42%	0.42%	Added +14.8k	+14,848 45.3%
72	COLUMBIA SELIGM PREM TECH GR COM STK	STK	30,064	$1.0m0.40%	0.40%	New
73	BLACKROCK SCIENCE & TECHNOLO SHS BST	BST	26,332	$991.7k0.40%	0.40%	New
74	SABA CAPITAL INCOME & OPRNT SHS NEW BRW	BRW	134,511	$947.0k0.38%	0.38%	Reduced -32.0k	-32,022 -19.2%
75	PIONEER FLOATING RATE FUND I COM XPHDX	XPHDX	96,815	$935.2k0.38%	0.38%	Reduced -10.2k	-10,156 -9.5%
76	INSIGHT SELECT INCOME FD COM XXINSIXX	XXINSIXX	57,308	$935.2k0.38%	0.38%	New
77	GABELLI GLOBAL SMALL & MID C COM GGZ	GGZ	81,994	$925.7k0.37%	0.37%	Added +3.7k	+3,746 4.8%
78	ELLSWORTH GROWTH & INCOME FD COM ECF	ECF	111,018	$914.8k0.37%	0.37%	Added +13.8k	+13,780 14.2%
79	BLACKROCK ENHANCED INTL DIV COM BENE INTER XBGYX	XBGYX	163,838	$914.2k0.37%	0.37%	Added +46.4k	+46,365 39.5%
80	VOYA GLBL ADV & PREM OPP FD COM IGA	IGA	101,617	$899.3k0.36%	0.36%	Added +54.9k	+54,925 117.6%
81	NUVEEN GLOBAL HIGH INCOME FD SHS JGH	JGH	65,322	$843.6k0.34%	0.34%	New
82	BROOKFIELD REAL ASSETS INCOM SHS BEN INT RA	RA	65,654	$837.7k0.34%	0.34%	Added +14.4k	+14,401 28.1%
83	BLACKSTONE SENI FLTN RAT 202 COM BSL	BSL	59,606	$835.1k0.34%	0.34%	New
84	MEXICO EQUITY & INCOME FD COM MXE	MXE	84,204	$808.4k0.33%	0.33%	Unchanged
85	WESTERN ASSET INVESTMENT GRA COM PAI	PAI	66,426	$805.8k0.33%	0.33%	New
86	PIONEER DIVERSIFIED HIGH INC COM XHNWX	XHNWX	68,962	$805.4k0.33%	0.33%	Reduced -35.3k	-35,303 -33.9%
87	TEMPLETON DRAGON FD INC COM TDF	TDF	99,946	$801.6k0.32%	0.32%	Added +27.5k	+27,509 38.0%
88	PUTNAM MASTER INTER INCOME T SH BEN INT PIM	PIM	237,727	$771.9k0.31%	0.31%	Added +191.4k	+191,369 412.8%
89	SPECIAL OPPORTUNITIES FD INC COM SPE	SPE	58,923	$770.7k0.31%	0.31%	Reduced -43.8k	-43,836 -42.7%
90	CHINA FD INC COM XXCHNXX	XXCHNXX	75,695	$766.0k0.31%	0.31%	Added +23.6k	+23,626 45.4%
91	FIRST TR HIGH YIELD OPPRT 20 COM FTHY	FTHY	53,169	$761.4k0.31%	0.31%	Added +7.0k	+6,958 15.1%
92	COHEN & STEERS SELECT PFD & COM PSF	PSF	37,426	$740.3k0.30%	0.30%	Reduced -1.5k	-1,476 -3.8%
93	BLACKROCK LTD DURATION INCOM COM SHS BLW	BLW	52,574	$733.9k0.30%	0.30%	Reduced -18.6k	-18,642 -26.2%
94	NUVEEN CR STRATEGIES INCOME COM SHS XJQCX	XJQCX	128,694	$721.2k0.29%	0.29%	Added +90.4k	+90,386 235.9%
95	MFS GOVT MKTS INCOME TR SH BEN INT SH BEN INT		224,188	$688.3k0.28%	0.28%	New
96	MORGAN STANLEY EMERGING MKTS COM EDD	EDD	145,672	$683.9k0.28%	0.28%	Added +76.2k	+76,165 109.6%
97	RIVERNORTH DOUBLELINE STRATE COM OPP	OPP	78,128	$675.8k0.27%	0.27%	Reduced -196.8k	-196,796 -71.6%
98	BLACKROCK INNOVATION AND GRW SHS BEN INT BTX	BTX	92,062	$665.6k0.27%	0.27%	Added +53.1k	+53,062 136.1%
99	GABELLI EQUITY TR INC COM GAB	GAB	127,151	$661.2k0.27%	0.27%	Reduced -315.9k	-315,948 -71.3%
100	FIRST TR SR FLTG RATE INCOME COM COM		65,165	$656.9k0.27%	0.27%	Added +5.8k	+5,822 9.8%

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
NUVEEN FLOATING RATE INCOME JFR	JFR	437,190	$3.9m437.2k shares
ADAMS DIVERSIFIED EQUITY FD ADX	ADX	137,042	$2.7m137.0k shares
ABRDN INCOME CREDIT STRATEGI ACP	ACP	319,113	$2.2m319.1k shares
VIRTUS DIVIDEND INTEREST & P NFJ	NFJ	101,826	$1.3m101.8k shares
ADVENT CONV & INCOME FD AVK	AVK	99,796	$1.2m99.8k shares
NUVEEN PFD & INCOME OPPORTUN JPC	JPC	158,013	$1.1m158.0k shares
NUVEEN CORE PLUS IMPACT FUND NPCT	NPCT	98,884	$1.0m98.9k shares
NEUBERGER BERMAN NEXT GENERA NBXG	NBXG	83,526	$981.4k83.5k shares
VIRTUS EQUITY & CONV INCM FD XNIEX	XNIEX	38,974	$872.6k39.0k shares
TEMPLETON GLOBAL INCOME FD		90,892	$694.4k90.9k shares
NUVEEN TAXABLE MUNICPAL INM NBB	NBB	43,375	$667.7k43.4k shares
BLACKSTONE LONG SHORT CR INC BGX	BGX	41,321	$508.7k41.3k shares
BLACKROCK ESG CAP ALLC TERM ECAT	ECAT	23,400	$406.2k23.4k shares
ABRDN ASIA PACIFIC INCOME FU		134,888	$377.7k134.9k shares
RIVERNORTH OPPORTUNITIES FD RIV	RIV	23,504	$283.0k23.5k shares
KKR INCOME OPPORTUNITIES FD KIO	KIO	20,779	$281.3k20.8k shares
INVESCO BD FD VBF	VBF	15,865	$248.3k15.9k shares
CALAMOS GLOBAL TOTAL RETURN CGO	CGO	22,259	$231.5k22.3k shares
FIRST TR MTG INCOME FD FMY	FMY	17,009	$207.1k17.0k shares
APOLLO SR FLOATING RATE FD I		13,694	$195.1k13.7k shares
VIRTUS CONVERTIBLE & INC 202		18,126	$159.6k18.1k shares
COHEN & STEERS CLOSED-END OP XFOFX	XFOFX	12,829	$150.0k12.8k shares
BLACKROCK CR ALLOCATION INCO BTZ	BTZ	12,000	$128.3k12.0k shares
BLACKROCK ENHANCED GOVT FD I XEGFX	XEGFX	10,981	$104.2k11.0k shares
GABELLI CONV & INC SECS FD I GCV	GCV	15,380	$57.1k15.4k shares