Shaker Financial Services, LLC

Arlington, VA · CIK 1511794 · 13F filing filed 2026-07-15

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

$319.2m reported value +11.3% vs Q1 2026

148positions

26.9%in top 10

25 new 52 added 70 reduced 22 sold out vs Q1 2026

Holdings, Q2 2026

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	GABELLI EQUITY TR INC COM GAB	GAB	2,073,169	$11.7m3.68%	3.68%	New
2	ROYCE SMALL CAP TRUST INC COM RVT	RVT	605,745	$11.2m3.50%	3.50%	Added +467.2k	+467,234 337.3%
3	LIBERTY ALL STAR EQUITY FD SH BEN INT USA	USA	1,646,776	$9.6m3.00%	3.00%	Added +698.3k	+698,253 73.6%
4	SPECIAL OPPORTUNITIES FD INC COM SPE	SPE	664,992	$9.0m2.81%	2.81%	Added +292.9k	+292,949 78.7%
5	NUVEEN CORE EQUITY ALPHA FD COM JCE	JCE	519,128	$8.7m2.73%	2.73%	Reduced -96.5k	-96,536 -15.7%
6	LIBERTY ALL-STAR GROWTH FD I COM ASG	ASG	1,527,646	$8.4m2.62%	2.62%	Reduced -306.2k	-306,161 -16.7%
7	FIRST TR ENHANCED EQUITY INC COM FFA	FFA	328,741	$7.4m2.30%	2.30%	Reduced -6.1k	-6,114 -1.8%
8	SOURCE CAPITAL COM SHS OF BEN I XSORX	XSORX	153,966	$7.1m2.22%	2.22%	Added +123.8k	+123,761 409.7%
9	EATON VANCE TAX MNGED BUY WR COM ETB	ETB	437,829	$6.8m2.13%	2.13%	Reduced -30.8k	-30,779 -6.6%
10	EATON VANCE ENHANCED EQUITY COM EOI	EOI	309,881	$6.1m1.91%	1.91%	New
11	EUROPEAN EQUITY FD INC COM EEA	EEA	500,778	$5.5m1.72%	1.72%	Reduced -7.5k	-7,539 -1.5%
12	SRH TOTAL RETURN FUND INC COM STEW	STEW	298,716	$5.3m1.67%	1.67%	Added +12.2k	+12,228 4.3%
13	EATON VANCE ENHANCED EQUITY COM EOS	EOS	238,696	$5.3m1.65%	1.65%	Reduced -37.0k	-36,976 -13.4%
14	LMP CAP & INCOME FD INC COM XSCDX	XSCDX	333,414	$5.2m1.63%	1.63%	New
15	GENERAL AMERN INVS CO INC COM GAM	GAM	81,300	$5.2m1.62%	1.62%	Added +74.6k	+74,613 1115.8%
16	NUVEEN S&P 500 DYNAMIC OVERW COM XSSPX	XSSPX	257,328	$5.0m1.56%	1.56%	Reduced -150.0k	-149,994 -36.8%
17	SABA CAPITAL INCOME & OPPORT COM NEW SABA	SABA	590,213	$4.9m1.54%	1.54%	Added +9.8k	+9,841 1.7%
18	GABELLI DIVID & INCOME TR COM XGDVX	XGDVX	164,020	$4.8m1.51%	1.51%	Added +110.2k	+110,159 204.5%
19	TAIWAN FD INC COM TWN	TWN	44,603	$4.3m1.34%	1.34%	Reduced -378	-378 -0.8%
20	ROYCE MICRO-CAP TR INC COM RMT	RMT	287,837	$4.2m1.32%	1.32%	Reduced -108.5k	-108,531 -27.4%
21	PGIM GLOBAL HIGH YIELD FD FO COM GHY	GHY	335,881	$4.1m1.27%	1.27%	Reduced -19.0k	-19,031 -5.4%
22	DOUBLELINE INCOME SOLUTIONS COM DSL	DSL	355,669	$3.9m1.23%	1.23%	Reduced -28.3k	-28,283 -7.4%
23	HIGHLAND GLOBAL ALLOCATION F COM HGLB	HGLB	520,207	$3.9m1.23%	1.23%	Added +329.6k	+329,650 173.0%
24	ALLSPRING INCOME OPPORTUNIT INC OPPTY FD XEADX	XEADX	595,858	$3.9m1.22%	1.22%	Added +28.3k	+28,263 5.0%
25	BLACKROCK LTD DURATION INCOM COM SHS BLW	BLW	301,450	$3.8m1.18%	1.18%	Added +188.7k	+188,687 167.3%
26	BRANDYWINEGBL GBL INCM OPP F COM BWG	BWG	473,763	$3.8m1.18%	1.18%	Added +77.8k	+77,768 19.6%
27	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	52,403	$3.7m1.17%	1.17%	New
28	CALAMOS GBL DYN INCOME FUND COM CHW	CHW	412,262	$3.7m1.15%	1.15%	Reduced -51.3k	-51,344 -11.1%
29	WESTERN ASSET HIGH YIELD DEF COM HYI	HYI	329,087	$3.5m1.10%	1.10%	Added +55.5k	+55,528 20.3%
30	PIMCO GLOBAL STOCKSPLS INCM COM XPGPX	XPGPX	388,461	$3.4m1.06%	1.06%	Added +159.6k	+159,613 69.8%
31	CALAMOS STRATEGIC TOTAL RETU COM SH BEN INT CSQ	CSQ	163,703	$3.4m1.05%	1.05%	Reduced -448.9k	-448,880 -73.3%
32	PIMCO INCOME STRATEGY FD II COM PFN	PFN	464,551	$3.3m1.05%	1.05%	Added +88.9k	+88,921 23.7%
33	ALLSPRING MULTI SECTOR INCOM COM ERC	ERC	354,984	$3.3m1.03%	1.03%	Reduced -13.1k	-13,065 -3.5%
34	MFS MULTIMARKET INCOME TR SH BEN INT MMT	MMT	746,733	$3.3m1.03%	1.03%	New
35	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,290	$3.2m1.01%	1.01%	Reduced -419	-419 -8.9%
36	MORGAN STANLEY EMKT DBT FD I COM MSD	MSD	428,074	$3.2m1.00%	1.00%	Added +124.5k	+124,460 41.0%
37	WESTERN ASSET GBL HIGH INC F COM EHI	EHI	527,904	$3.1m0.99%	0.99%	Added +134.3k	+134,277 34.1%
38	DOUBLELINE OPPORTUNISTIC CR COM DBL	DBL	210,544	$3.0m0.95%	0.95%	Added +195.8k	+195,812 1329.2%
39	ALLIANCEBERNSTEIN GLOBAL HIG COM XAWFX	XAWFX	286,994	$3.0m0.93%	0.93%	Added +83.8k	+83,846 41.3%
40	VOYA ASIA PAC HIGH DIV EQT I COM XIAEX	XIAEX	308,151	$2.9m0.89%	0.89%	Added +58.2k	+58,198 23.3%
41	EATON VANCE TAX-ADVANTAGED G COM ETO	ETO	92,148	$2.8m0.89%	0.89%	Reduced -58.9k	-58,921 -39.0%
42	BARINGS GLOBAL SHORT DURATIO COM BGH	BGH	188,748	$2.7m0.84%	0.84%	Reduced -32.5k	-32,510 -14.7%
43	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	3,808	$2.6m0.82%	0.82%	Added +1.8k	+1,781 87.9%
44	ROYCE GLOBAL TRUST INC COM RGT	RGT	182,508	$2.6m0.81%	0.81%	Reduced -13.5k	-13,523 -6.9%
45	EATON VANCE TAX-MANAGED GLOB COM ETW	ETW	259,227	$2.5m0.78%	0.78%	Added +62.0k	+62,007 31.4%
46	CALAMOS GLOBAL TOTAL RETURN COM SH BEN INT CGO	CGO	177,106	$2.4m0.76%	0.76%	Reduced -39.8k	-39,788 -18.3%
47	CALAMOS LNG SHR EQT DYNAMIC COM CPZ	CPZ	184,023	$2.4m0.75%	0.75%	Added +60.1k	+60,065 48.5%
48	MADISON COVERED CALL & EQUIT COM MCN	MCN	425,590	$2.4m0.74%	0.74%	Reduced -148.1k	-148,096 -25.8%
49	PIMCO INCOME STRATEGY FD COM PFL	PFL	295,080	$2.3m0.74%	0.74%	Added +251.8k	+251,849 582.6%
50	WESTERN ASSET HIGH INCOME OP COM HIO	HIO	642,498	$2.3m0.73%	0.73%	Added +129.5k	+129,524 25.2%
51	TOTAL RETURN SECURITIES FUND COM SWZ	SWZ	393,170	$2.3m0.73%	0.73%	Added +70.8k	+70,775 21.9%
52	EATON VANCE TAX-MANAGED DIVE COM XETYX	XETYX	158,702	$2.3m0.72%	0.72%	Reduced -209.8k	-209,837 -56.9%
53	ABRDN INCOME CREDIT STRATEGI COM ACP	ACP	441,267	$2.3m0.72%	0.72%	Added +115.0k	+114,956 35.2%
54	BLACKROCK ENHANCED EQUITY DI COM BDJ	BDJ	238,938	$2.3m0.72%	0.72%	Added +28.4k	+28,403 13.5%
55	DOUBLELINE YIELD OPPORTUNITI COM DLY	DLY	157,923	$2.2m0.70%	0.70%	Reduced -36.7k	-36,709 -18.9%
56	EATON VANCE LTD DURATION INC COM XEVVX	XEVVX	232,722	$2.2m0.68%	0.68%	Reduced -56.7k	-56,651 -19.6%
57	CREDIT SUISSE ASSET MGMT INC COM CIK	CIK	867,755	$2.2m0.67%	0.67%	Added +582.6k	+582,569 204.3%
58	CALAMOS CONV & HIGH INCOME F COM SHS XCHYX	XCHYX	157,254	$2.1m0.67%	0.67%	Added +74.6k	+74,638 90.3%
59	PGIM HIGH YIELD BOND FUND IN COM ISD	ISD	160,858	$2.1m0.66%	0.66%	Added +141.8k	+141,815 744.7%
60	EATON VANCE TX ADV GLBL DIV COM ETG	ETG	89,127	$2.1m0.66%	0.66%	Reduced -309.0k	-308,956 -77.6%
61	VOYA GLBL ADV & PREM OPP FD COM IGA	IGA	208,936	$2.1m0.65%	0.65%	Added +28.3k	+28,348 15.7%
62	TEMPLETON EMERGING MKTS INCO COM TEI	TEI	300,664	$2.0m0.63%	0.63%	Added +149.8k	+149,790 99.3%
63	COHEN & STEERS SELECT PFD & COM PSF	PSF	98,818	$2.0m0.62%	0.62%	Added +21.0k	+21,024 27.0%
64	TEMPLETON DRAGON FD INC COM TDF	TDF	181,701	$2.0m0.62%	0.62%	Added +3.7k	+3,651 2.0%
65	KKR INCOME OPPORTUNITIES FD COM KIO	KIO	175,575	$2.0m0.62%	0.62%	Reduced -140.1k	-140,063 -44.4%
66	BLACKROCK ENHANCED GLOBAL DI COM XBOEX	XBOEX	157,824	$1.9m0.60%	0.60%	Reduced -60.8k	-60,836 -27.8%
67	COHEN & STEERS TAX ADVAN PFD COM PTA	PTA	97,919	$1.9m0.59%	0.59%	Reduced -48.3k	-48,270 -33.0%
68	HANCOCK JOHN INVT TR II COM JHI	JHI	131,272	$1.7m0.55%	0.55%	Added +9.7k	+9,694 8.0%
69	EATON VANCE RISK-MANAGED DIV COM ETJ	ETJ	206,902	$1.7m0.54%	0.54%	Reduced -40.5k	-40,518 -16.4%
70	VIRTUS GLOBAL MULTI-SECTOR I COM VGI	VGI	214,646	$1.6m0.50%	0.50%	Added +15.1k	+15,079 7.6%
71	FRANKLIN LTD DURATION INCOME COM FTF	FTF	271,335	$1.6m0.49%	0.49%	Reduced -187.6k	-187,557 -40.9%
72	ABRDN EMERGING MARKETS EX CH COM AEF	AEF	163,459	$1.6m0.49%	0.49%	Added +6.0k	+6,000 3.8%
73	WESTERN ASSET HIGH INCOM FD COM HIX	HIX	392,761	$1.6m0.49%	0.49%	Added +92.4k	+92,366 30.8%
74	CENTRAL SECS CORP COM CET	CET	26,884	$1.4m0.44%	0.44%	Added +1.8k	+1,765 7.0%
75	NUVEEN NASDAQ 100 DYNAMIC OV COM SHS QQQX	QQQX	45,069	$1.4m0.43%	0.43%	New
76	ABRDN HEALTHCARE OPPORTUNITI SHS THQ	THQ	70,493	$1.3m0.41%	0.41%	Added +37.9k	+37,893 116.2%
77	KOREA FD INC COM NEW KF	KF	17,500	$1.3m0.41%	0.41%	Unchanged
78	ARES DYNAMIC CR ALLOCATION F COM ARDC	ARDC	103,541	$1.3m0.41%	0.41%	Reduced -227.7k	-227,697 -68.7%
79	CLOUGH GLOBAL OPPORTUNITIES SH BEN INT GLO	GLO	208,507	$1.3m0.40%	0.40%	Added +131.2k	+131,241 169.9%
80	SPROTT FOCUS TR INC COM FUND	FUND	126,728	$1.2m0.38%	0.38%	Reduced -76.5k	-76,480 -37.6%
81	NEUBERGER BERMAN REAL ESTATE COM XNROX	XNROX	381,877	$1.2m0.36%	0.36%	Reduced -7.7k	-7,733 -2.0%
82	PIMCO DYNAMIC INCOME OPRNTS COM BEN SHS PDO	PDO	85,176	$1.1m0.36%	0.36%	Reduced -43.4k	-43,354 -33.7%
83	JAPAN SMALLER CAPITALIZATION COM JOF	JOF	93,079	$1.1m0.34%	0.34%	Added +3.0k	+3,000 3.3%
84	CALAMOS DYNAMIC CONV & INCOM COM CCD	CCD	39,424	$1.0m0.32%	0.32%	New
85	BLACKROCK MULTI SECTOR INC T COM BIT	BIT	80,816	$1.0m0.32%	0.32%	Reduced -56.6k	-56,638 -41.2%
86	PERSHING SQUARE USA LTD COM SHS PSUS	PSUS	26,880	$1.0m0.31%	0.31%	New
87	PIMCO HIGH INCOME FD COM SHS PHK	PHK	200,104	$944.9k0.30%	0.30%	Reduced -37.9k	-37,921 -15.9%
88	MEXICO EQUITY & INCOME FD COM MXE	MXE	69,997	$910.4k0.29%	0.29%	Reduced -5.5k	-5,516 -7.3%
89	PGIM SHORT DUR HIG YLD OPP F COM SDHY	SDHY	54,881	$899.5k0.28%	0.28%	Added +8.6k	+8,586 18.6%
90	HANCOCK JOHN FINL OPPTYS FD SH BEN INT NEW BTO	BTO	22,755	$897.0k0.28%	0.28%	New
91	MORGAN STANLEY CHINA A SH FD COM XCAFX	XCAFX	42,030	$884.3k0.28%	0.28%	New
92	EATON VANCE TAX-MANAGED GLOB COM XEXGX	XEXGX	87,594	$859.3k0.27%	0.27%	Reduced -120.4k	-120,366 -57.9%
93	COLUMBIA SELIGM PREM TECH GR COM STK	STK	15,785	$850.3k0.27%	0.27%	Reduced -85.1k	-85,123 -84.4%
94	BLACKROCK ENHANCED INTL DIV COM BENE INTER XBGYX	XBGYX	144,643	$830.3k0.26%	0.26%	Added +27.3k	+27,317 23.3%
95	COHEN & STEERS LTD DURATION COM LDP	LDP	36,611	$774.7k0.24%	0.24%	Reduced -56.3k	-56,326 -60.6%
96	NUVEEN GLOBAL HIGH INCOME FD SHS JGH	JGH	59,775	$762.6k0.24%	0.24%	Reduced -148.8k	-148,786 -71.3%
97	COHEN & STEERS QUALITY INCOM COM RQI	RQI	61,196	$753.3k0.24%	0.24%	New
98	WESTERN ASSET GLOBAL CORP DE COM GDO	GDO	69,235	$742.9k0.23%	0.23%	Reduced -50.8k	-50,808 -42.3%
99	PUTNAM MASTER INTER INCOME T SH BEN INT PIM	PIM	219,756	$709.8k0.22%	0.22%	New
100	EATON VANCE SHORT DURATION D COM XEVGX	XEVGX	63,944	$689.3k0.22%	0.22%	Reduced -60.4k	-60,369 -48.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ABRDN TOTAL DYNAMIC DIVIDEND XAODX	XAODX	447,870	$4.1m447.9k shares
MFS CHARTER INCOME TR XMCRX	XMCRX	533,655	$3.2m533.7k shares
TRI CONTL CORP TY	TY	93,663	$3.0m93.7k shares
VIRTUS ARTIFICIAL INTELLIGEN AIO	AIO	111,789	$2.4m111.8k shares
NUVEEN CORE PLUS IMPACT FUND NPCT	NPCT	200,442	$2.1m200.4k shares
COHEN & STEERS INFRASTRUCTUR UTF	UTF	65,899	$1.7m65.9k shares
EATON VANCE TAX ADVT DIV INC XEVTX	XEVTX	62,331	$1.5m62.3k shares
NEUBERGER BERMAN NEXT GENERA NBXG	NBXG	86,744	$1.1m86.7k shares
BLACKROCK ESG CAP ALLC TERM ECAT	ECAT	68,329	$927.9k68.3k shares
BLACKROCK INNOVATION AND GRW BTX	BTX	138,908	$916.8k138.9k shares
RIVERNORTH OPPORTUNITIES FD RIV	RIV	61,335	$680.8k61.3k shares
BLACKROCK HEALTH SCIENCES TE BMEZ	BMEZ	46,212	$663.6k46.2k shares
LAZARD GLOBAL TOTAL RETURN & XLGIX	XLGIX	39,300	$632.3k39.3k shares
NUVEEN MULTI ASSET INCOME FU NMAI	NMAI	42,232	$524.4k42.2k shares
ABRDN GLOBAL INFRA INCOME FU ASGI	ASGI	22,800	$509.8k22.8k shares
BLACKROCK FLOATING RATE INCO XFRAX	XFRAX	40,271	$443.8k40.3k shares
WESTERN ASSET INVESTMENT GRA PAI	PAI	35,534	$429.8k35.5k shares
EATON VANCE TAX-MANAGED BUY- ETV	ETV	21,325	$291.5k21.3k shares
ABRDN HEALTHCARE INVESTORS HQH	HQH	16,260	$289.3k16.3k shares
THORNBURG INCM BUILDER OPP T TBLD	TBLD	11,623	$245.8k11.6k shares
BLACKROCK UTILS INFRASTRUCTU BUI	BUI	9,000	$237.4k9.0k shares
FIRST TR HIGH YIELD OPPRT 20 FTHY	FTHY	13,793	$186.6k13.8k shares