13F HOLDINGS REPORT

Shaker Financial Services, LLC

Quarter ended Q3 2025 · Filed October 22, 2025 · Accession 0001172661-25-004387

Total Value

$291.6M

Positions

149

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (149)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	CALAMOS STRATEGIC TOTAL RETU	CSQ	497,014	$9.6M	3.29%
2	ROYCE MICRO-CAP TR INC	RMT	909,058	$9.4M	3.24%
3	NUVEEN CORE EQUITY ALPHA FD	NU	540,238	$8.7M	2.97%
4	LIBERTY ALL STAR EQUITY FD	530158104	1,307,623	$8.3M	2.84%
5	EATON VANCE TAX MNGED BUY WR	ETN	493,646	$7.4M	2.54%
6	LIBERTY ALL-STAR GROWTH FD I	529900102	1,314,729	$7.3M	2.50%
7	CENTRAL SECS CORP	155123102	132,905	$6.8M	2.34%
8	CALAMOS GBL DYN INCOME FUND	12811L107	824,490	$6.2M	2.13%
9	SPECIAL OPPORTUNITIES FD INC	84741T104	354,678	$5.5M	1.89%
10	ADAMS DIVERSIFIED EQUITY FD	006212104	237,032	$5.3M	1.81%
11	FIRST TR ENHANCED EQUITY INC	337318109	245,347	$5.3M	1.81%
12	NUVEEN DOW 30 DYNMC OVERWRT	NU	324,768	$4.9M	1.69%
13	EUROPEAN EQUITY FD INC	298768102	445,553	$4.8M	1.66%
14	ROYCE SMALL CAP TRUST INC	RVT	289,696	$4.7M	1.60%
15	EATON VANCE TAX-MANAGED BUY-	ETN	322,604	$4.6M	1.58%
16	DOUBLELINE YIELD OPPORTUNITI	DLY	294,710	$4.4M	1.52%
17	FRANKLIN LTD DURATION INCOME	FTF	693,377	$4.4M	1.51%
18	DOUBLELINE INCOME SOLUTIONS	DSL	340,673	$4.2M	1.43%
19	SABA CAPITAL INCOME & OPPORT	BRW	448,104	$4.1M	1.40%
20	SPROTT FOCUS TR INC	SII	474,364	$3.9M	1.35%
21	SRH TOTAL RETURN FUND INC	STEW	208,391	$3.8M	1.30%
22	WESTERN ASSET GBL HIGH INC F	95766B109	553,533	$3.7M	1.27%
23	ALLSPRING INCOME OPPORTUNIT	EAD	504,003	$3.6M	1.22%
24	ALLSPRING MULTI SECTOR INCOM	ERC	366,566	$3.5M	1.21%
25	EATON VANCE TX ADV GLBL DIV	ETN	163,373	$3.5M	1.18%
26	BLACKROCK CORPOR HI YLD FD I	BLK	362,415	$3.4M	1.18%
27	NUVEEN NASDAQ 100 DYNAMIC OV	670699107	120,498	$3.4M	1.15%
28	BLACKROCK ENHANCED EQUITY DI	BLK	368,492	$3.4M	1.15%
29	XAI MADISON EQUITY PREMIUM I	MCN	534,836	$3.3M	1.14%
30	EATON VANCE RISK-MANAGED DIV	ETN	365,998	$3.3M	1.13%
31	PGIM SHORT DUR HIG YLD OPP F	69355J104	189,467	$3.2M	1.09%
32	SPDR S&P 500 ETF TR	SPY	4,682	$3.1M	1.07%
33	ABRDN LIFE SCIENCES INVESTOR	HQL	197,804	$3.1M	1.05%
34	BRANDYWINEGBL GBL INCM OPP F	10537L104	349,974	$3.1M	1.05%
35	NUVEEN S&P 500 BUY-WRITE INC	NU	199,227	$2.9M	1.01%
36	COLUMBIA SELIGM PREM TECH GR	19842X109	80,622	$2.8M	0.98%
37	EATON VANCE TAX-MANAGED GLOB	ETN	312,070	$2.8M	0.97%
38	EATON VANCE TAX-ADVANTAGED G	ETN	97,146	$2.7M	0.92%
39	TAIWAN FD INC	874036106	49,438	$2.7M	0.92%
40	BLACKROCK HEALTH SCIENCES TE	BLK	184,069	$2.7M	0.91%
41	VIRTUS EQUITY & CONV INCM FD	92841M101	105,374	$2.6M	0.91%
42	JOHN HANCOCK DIVERSIFIED INC	HEQ	247,175	$2.6M	0.90%
43	ABRDN TOTAL DYNAMIC DIVIDEND	AOD	276,523	$2.6M	0.90%
44	CALAMOS GLOBAL TOTAL RETURN	CGO	214,332	$2.6M	0.88%
45	ABRDN INCOME CREDIT STRATEGI	ACP-PA	442,146	$2.6M	0.88%
46	EATON VANCE ENHANCED EQUITY	ETN	106,542	$2.5M	0.87%
47	VIRTUS GLOBAL MULTI-SECTOR I	VGI	310,852	$2.5M	0.85%
48	EATON VANCE LIMITED DURATION	ETN	242,714	$2.5M	0.84%
49	HANCOCK JOHN INVT TR II	410142103	174,761	$2.4M	0.84%
50	CHINA FD INC	169373107	132,112	$2.4M	0.84%
51	WESTERN ASSET HIGH INCOM FD	95766J102	550,959	$2.4M	0.83%
52	MFS CHARTER INCOME TR	MCR	376,312	$2.4M	0.83%
53	BLACKROCK ENHANCED GLOBAL DI	BLK	178,470	$2.1M	0.71%
54	EATON VANCE TAX ADVT DIV INC	ETN	81,549	$2.0M	0.68%
55	ROYCE GLOBAL TRUST INC	RGT	153,815	$2.0M	0.68%
56	ANGEL OAK FINL STRATEGIES IN	03464A100	144,976	$1.9M	0.65%
57	NUVEEN GLOBAL HIGH INCOME FD	NU	138,919	$1.9M	0.65%
58	CLOUGH GLOBAL OPPORTUNITIES	GLO	327,298	$1.9M	0.64%
59	TEMPLETON DRAGON FD INC	88018T101	157,589	$1.8M	0.63%
60	COHEN & STEERS LTD DURATION	19248C105	84,484	$1.8M	0.63%
61	TOTAL RETURN SECURITIES FUND	SWZ	298,862	$1.8M	0.62%
62	BLACKSTONE STRATEGIC CRED 20	BX	140,584	$1.7M	0.59%
63	WESTERN ASSET EMERGING MKTS	95766A101	160,177	$1.7M	0.57%
64	FIRST TR HIGH YIELD OPPRT 20	33741Q107	111,350	$1.6M	0.55%
65	NUVEEN CORE PLUS IMPACT FUND	NPCT	143,452	$1.6M	0.55%
66	NEW GERMANY FD INC	644465106	133,400	$1.5M	0.53%
67	NUVEEN S&P 500 DYNAMIC OVERW	6706EW100	85,118	$1.5M	0.52%
68	FLAHERTY & CRUMRINE DYNAMIC	DFP	69,440	$1.5M	0.52%
69	COHEN & STEERS CLOSED-END OP	19248P106	113,506	$1.5M	0.51%
70	COHEN & STEERS SELECT PFD &	19248Y107	71,013	$1.5M	0.51%
71	ALLIANCEBERNSTEIN GLOBAL HIG	AWF	131,484	$1.5M	0.51%
72	FIRST TR INTER DURATN PFD &	33718W103	73,260	$1.4M	0.48%
73	VOYA ASIA PAC HIGH DIV EQT I	92912J102	181,933	$1.4M	0.47%
74	ALLSPRING GLOBAL DIVIDEND OP	EOD	228,138	$1.3M	0.45%
75	NUVEEN MULTI ASSET INCOME FU	670750108	99,145	$1.3M	0.45%
76	HANCOCK JOHN PREM DIVID FD	41013T105	98,453	$1.3M	0.45%
77	INVESCO HIGH INCOME TR II	IVZ	112,225	$1.3M	0.43%
78	ELLSWORTH GROWTH & INCOME FD	289074106	99,201	$1.2M	0.39%
79	BLACKSTONE LONG SHORT CR INC	BGX	93,773	$1.1M	0.39%
80	MFS MULTIMARKET INCOME TR	MMT	234,726	$1.1M	0.38%
81	TEMPLETON EMERGING MKTS FD	880191101	65,894	$1.1M	0.38%
82	COHEN & STEERS TAX ADVAN PFD	19249X108	54,006	$1.1M	0.38%
83	JAPAN SMALLER CAPITALIZATION	JOF	97,575	$1.0M	0.35%
84	COHEN & STEERS QUALITY INCOM	19247L106	78,354	$977,075	0.34%
85	BLACKROCK TECH AND PRIVATE E	BLK	143,998	$964,787	0.33%
86	TEMPLETON EMERGING MKTS INCO	880192109	152,347	$944,552	0.32%
87	GABELLI DIVID & INCOME TR	36242H104	34,581	$938,183	0.32%
88	MEXICO EQUITY & INCOME FD	592834105	75,982	$901,907	0.31%
89	WESTERN ASSET HIGH INCOME OP	HIO	210,902	$817,351	0.28%
90	BANCROFT FD LTD	059695106	35,042	$766,800	0.26%
91	EATON VANCE SR FLTNG RTE TR	ETN	64,463	$737,457	0.25%
92	KKR INCOME OPPORTUNITIES FD	KKRT	58,344	$735,135	0.25%
93	WESTERN ASSET INVESTMENT GRA	95766T100	57,081	$734,776	0.25%
94	NUVEEN FLOATING RATE INCOME	67072T108	86,681	$716,419	0.25%
95	BLACKROCK ENHANCED INTL DIV	BLK	121,540	$698,855	0.24%
96	MORGAN STANLEY EMKT DBT FD I	MS-PQ	91,212	$687,739	0.24%
97	EATON VANCE TAX-MANAGED GLOB	ETN	69,139	$629,165	0.22%
98	VIRTUS DIVIDEND INTEREST & P	NFJ	47,721	$620,851	0.21%
99	ADVENT CONV & INCOME FD	00764C109	48,110	$615,327	0.21%
100	MORGAN STANLEY CHINA A SH FD	MS-PQ	36,845	$613,468	0.21%
101	ABRDN EMERGING MARKETS EX CH	AEF	94,331	$611,265	0.21%
102	CLOUGH GLOBAL EQUITY FD	18914C100	77,207	$587,546	0.20%
103	BROOKFIELD REAL ASSETS INCOM	RA	42,435	$566,932	0.19%
104	RIVERNORTH CAP AND INCM FD I	76882B108	37,955	$558,698	0.19%
105	PIMCO GLOBAL STOCKSPLS INCM	722011103	62,625	$539,765	0.19%
106	EATON VANCE ENHANCED EQUITY	ETN	24,965	$524,265	0.18%
107	RIVERNORTH DOUBLELINE STRATE	OPP-PC	60,471	$515,818	0.18%
108	VIRTUS CONVERTIBLE & INCOME	92838X805	34,319	$514,785	0.18%
109	VOYA EMERGING MKTS HIGH DIVI	92912P108	80,607	$505,399	0.17%
110	WESTERN ASSET HIGH YIELD OPP	HYI	41,825	$493,460	0.17%
111	HIGH INCOME SECS FD	42968F108	77,415	$491,586	0.17%
112	SABA CAPITAL INCOME & OPRNT	78518H202	60,563	$470,575	0.16%
113	VIRTUS TOTAL RETURN FD INC	92835W107	70,424	$454,235	0.16%
114	HANCOCK JOHN TAX-ADVANTAGED	41013V100	18,095	$448,756	0.15%
115	WESTERN ASSET INVT GRADE OPP	95790A101	26,623	$446,229	0.15%
116	DOUBLELINE OPPORTUNISTIC CR	DBL	28,537	$444,607	0.15%
117	CLOUGH GLOBAL DIVID & INCOME	18913Y103	74,184	$441,395	0.15%
118	TRI CONTL CORP	895436103	12,682	$431,188	0.15%
119	SOURCE CAPITAL	SOR	9,251	$416,481	0.14%
120	NUVEEN REAL ESTATE INCOME FD	NU	49,501	$413,334	0.14%
121	WSTRN AST GLBL CORP OPP FD I	95790C107	33,791	$407,268	0.14%
122	ABRDN AUSTRALIA EQUITY FD IN	003011103	87,045	$399,537	0.14%
123	PGIM GLOBAL HIGH YIELD FD FO	69346J106	29,654	$381,944	0.13%
124	BLACKROCK CR ALLOCATION INCO	BLK	33,000	$364,650	0.13%
125	EATON VANCE SR INCOME TR	ETN	65,061	$356,535	0.12%
126	INVESCO QQQ TR	IVZ	582	$349,820	0.12%
127	INVESCO SR INCOME TR	IVZ	98,000	$339,080	0.12%
128	BNY MELLON HIGH YIELD STRATE	DHF	122,193	$316,480	0.11%
129	EATON VANCE SHORT DURATION D	ETN	27,687	$313,417	0.11%
130	VIRTUS ARTIFICIAL INTELLIGEN	AIO	12,670	$304,461	0.10%
131	LMP CAP & INCOME FD INC	50208A102	19,000	$297,350	0.10%
132	MEXICO FD INC	592835102	14,588	$287,384	0.10%
133	BLACKROCK INCOME TR INC	BLK	24,402	$274,279	0.09%
134	NEUBERGER BERMAN REAL ESTATE	NRO	79,680	$257,367	0.09%
135	VOYA GLBL ADV & PREM OPP FD	92912R104	24,428	$242,326	0.08%
136	KOREA FD INC	500634209	7,900	$241,624	0.08%
137	BLACKROCK CORE BD TR	BLK	24,200	$240,548	0.08%
138	MFS INTER INCOME TR	55273C107	86,350	$231,418	0.08%
139	BLACKROCK CAP ALLOCATION TER	BLK	15,500	$229,245	0.08%
140	BLACKROCK ENHANCED LARGE CAP	BLK	9,611	$221,053	0.08%
141	ABRDN JAPAN EQUITY FUND INC	JEQ	25,008	$214,429	0.07%
142	HANCOCK JOHN INCOME SECS TR	410123103	13,397	$156,411	0.05%
143	CREDIT SUISSE ASSET MGMT INC	224916106	52,336	$153,345	0.05%
144	EATON VANCE FLTING RATE INC	ETN	12,800	$150,656	0.05%
145	PRINCIPAL REAL ESTATE INCOME	PGZ	13,629	$142,560	0.05%
146	PUTNAM PREMIER INCOME TR	PPT	34,366	$126,811	0.04%
147	FRANKLIN UNVL TR	355145103	15,756	$126,679	0.04%
148	GABELLI CONV & INC SECS FD I	36240B109	27,426	$113,270	0.04%
149	BLACKROCK INCOME TR INC	09247F118	24,402	$0	0.00%