13F HOLDINGS REPORT

Shaker Financial Services, LLC

Quarter ended Q4 2025 · Filed January 26, 2026 · Accession 0001172661-26-000312

Total Value

$315.5M

Positions

165

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (165)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	NUVEEN CORE EQUITY ALPHA FD	NU	560,717	$8.9M	2.83%
2	ROYCE MICRO-CAP TR INC	RMT	829,682	$8.7M	2.74%
3	LIBERTY ALL-STAR GROWTH FD I	529900102	1,547,675	$8.4M	2.65%
4	EATON VANCE TAX MNGED BUY WR	ETN	494,414	$7.5M	2.39%
5	LIBERTY ALL STAR EQUITY FD	530158104	1,086,080	$6.9M	2.20%
6	FIRST TR ENHANCED EQUITY INC	337318109	286,580	$6.3M	2.00%
7	CALAMOS STRATEGIC TOTAL RETU	CSQ	325,874	$6.3M	2.00%
8	NUVEEN NASDAQ 100 DYNAMIC OV	670699107	203,750	$5.8M	1.84%
9	EUROPEAN EQUITY FD INC	298768102	502,117	$5.6M	1.76%
10	CENTRAL SECS CORP	155123102	107,720	$5.5M	1.73%
11	SPDR S&P 500 ETF TR	SPY	7,781	$5.3M	1.69%
12	CALAMOS GBL DYN INCOME FUND	12811L107	684,698	$5.1M	1.62%
13	DOUBLELINE INCOME SOLUTIONS	DSL	395,158	$4.5M	1.41%
14	EATON VANCE ENHANCED EQUITY	ETN	184,985	$4.3M	1.37%
15	EATON VANCE TAX ADVT DIV INC	ETN	171,313	$4.3M	1.37%
16	XAI MADISON EQUITY PREMIUM I	MCN	684,108	$4.1M	1.30%
17	SPROTT FOCUS TR INC	SII	465,917	$4.0M	1.28%
18	ALLSPRING INCOME OPPORTUNIT	EAD	586,829	$4.0M	1.27%
19	SPECIAL OPPORTUNITIES FD INC	84741T104	250,579	$4.0M	1.25%
20	ADAMS DIVERSIFIED EQUITY FD	006212104	164,389	$3.8M	1.22%
21	EATON VANCE RISK-MANAGED DIV	ETN	414,103	$3.7M	1.16%
22	SABA CAPITAL INCOME & OPPORT	BRW	439,104	$3.6M	1.15%
23	KKR INCOME OPPORTUNITIES FD	KKRT	308,129	$3.6M	1.13%
24	EATON VANCE TAX-ADVANTAGED G	ETN	114,010	$3.5M	1.10%
25	ALLSPRING MULTI SECTOR INCOM	ERC	347,848	$3.3M	1.03%
26	ABRDN INCOME CREDIT STRATEGI	ACP-PA	594,054	$3.3M	1.03%
27	ARES DYNAMIC CR ALLOCATION F	04014F102	244,497	$3.3M	1.03%
28	EATON VANCE TAX-MANAGED BUY-	ETN	223,653	$3.2M	1.02%
29	EATON VANCE TAX-MANAGED DIVE	ETN	209,180	$3.2M	1.02%
30	FRANKLIN LTD DURATION INCOME	FTF	495,009	$3.0M	0.97%
31	NUVEEN DOW 30 DYNMC OVERWRT	NU	199,214	$3.0M	0.96%
32	COLUMBIA SELIGM PREM TECH GR	19842X109	80,867	$3.0M	0.94%
33	ROYCE SMALL CAP TRUST INC	RVT	181,349	$2.9M	0.93%
34	NUVEEN GLOBAL HIGH INCOME FD	NU	231,461	$2.9M	0.93%
35	NUVEEN CORE PLUS IMPACT FUND	NPCT	284,862	$2.9M	0.92%
36	VIRTUS DIVIDEND INTEREST & P	NFJ	221,869	$2.9M	0.91%
37	COHEN & STEERS TAX ADVAN PFD	19249X108	147,484	$2.8M	0.90%
38	PGIM SHORT DUR HIG YLD OPP F	69355J104	171,891	$2.8M	0.90%
39	PGIM GLOBAL HIGH YIELD FD FO	69346J106	221,488	$2.8M	0.87%
40	WESTERN ASSET GBL HIGH INC F	95766B109	423,874	$2.7M	0.86%
41	DOUBLELINE YIELD OPPORTUNITI	DLY	185,781	$2.7M	0.86%
42	BRANDYWINEGBL GBL INCM OPP F	10537L104	308,292	$2.6M	0.82%
43	WESTERN ASSET HIGH YIELD OPP	HYI	231,194	$2.6M	0.82%
44	ROYCE GLOBAL TRUST INC	RGT	193,069	$2.5M	0.80%
45	EATON VANCE TAX-MANAGED GLOB	ETN	265,118	$2.5M	0.80%
46	MFS CHARTER INCOME TR	MCR	400,838	$2.5M	0.80%
47	HANCOCK JOHN TAX-ADVANTAGED	41013V100	103,019	$2.4M	0.77%
48	EATON VANCE LIMITED DURATION	ETN	239,059	$2.4M	0.75%
49	TAIWAN FD INC	874036106	39,333	$2.3M	0.74%
50	ALLIANCEBERNSTEIN GLOBAL HIG	AWF	214,193	$2.3M	0.73%
51	TRI CONTL CORP	895436103	70,445	$2.3M	0.73%
52	VIRTUS GLOBAL MULTI-SECTOR I	VGI	293,404	$2.3M	0.73%
53	WESTERN ASSET HIGH INCOME OP	HIO	613,763	$2.3M	0.72%
54	EATON VANCE TAX-MANAGED GLOB	ETN	237,332	$2.2M	0.69%
55	BLACKROCK MULTI SECTOR INC T	BLK	166,958	$2.2M	0.69%
56	CALAMOS GLOBAL TOTAL RETURN	CGO	183,144	$2.1M	0.67%
57	GABELLI DIVID & INCOME TR	36242H104	73,792	$2.0M	0.65%
58	BLACKROCK ENHANCED GLOBAL DI	BLK	174,071	$2.0M	0.65%
59	SRH TOTAL RETURN FUND INC	STEW	108,639	$2.0M	0.64%
60	COHEN & STEERS LTD DURATION	19248C105	93,902	$2.0M	0.63%
61	BROOKFIELD REAL ASSETS INCOM	RA	153,005	$2.0M	0.63%
62	NUVEEN MULTI ASSET INCOME FU	670750108	151,410	$2.0M	0.63%
63	FIRST TR INTER DURATN PFD &	33718W103	104,274	$2.0M	0.62%
64	ABRDN LIFE SCIENCES INVESTOR	HQL	115,419	$1.9M	0.61%
65	FIRST TR HIGH YIELD OPPRT 20	33741Q107	137,128	$1.9M	0.61%
66	HANCOCK JOHN INVT TR II	410142103	137,124	$1.9M	0.59%
67	WESTERN ASSET DIVERSIFIED IN	WDI	133,212	$1.9M	0.59%
68	CALAMOS LNG SHR EQT DYNAMIC	12812C106	125,750	$1.9M	0.59%
69	NUVEEN S&P 500 BUY-WRITE INC	NU	121,640	$1.8M	0.57%
70	WESTERN ASSET EMERGING MKTS	95766A101	167,347	$1.8M	0.56%
71	EATON VANCE TX ADV GLBL DIV	ETN	76,497	$1.8M	0.56%
72	VOYA GLBL EQTY DIV & PREM OP	92912T100	304,484	$1.8M	0.56%
73	VIRTUS EQUITY & CONV INCM FD	92841M101	67,522	$1.7M	0.55%
74	GENERAL AMERN INVS CO INC	368802104	29,187	$1.7M	0.54%
75	WESTERN ASSET HIGH INCOM FD	95766J102	403,653	$1.7M	0.53%
76	BLACKSTONE STRATEGIC CRED 20	BX	136,680	$1.6M	0.51%
77	ABRDN ASIA PACIFIC INCOME FU	ABAKF	100,319	$1.6M	0.49%
78	COHEN & STEERS SELECT PFD &	19248Y107	72,187	$1.5M	0.46%
79	VOYA ASIA PAC HIGH DIV EQT I	92912J102	198,949	$1.5M	0.46%
80	HANCOCK JOHN PREM DIVID FD	41013T105	114,265	$1.5M	0.46%
81	JOHN HANCOCK DIVERSIFIED INC	HEQ	133,072	$1.4M	0.45%
82	NEW GERMANY FD INC	644465106	121,034	$1.4M	0.44%
83	VOYA GLBL ADV & PREM OPP FD	92912R104	142,531	$1.4M	0.44%
84	ANGEL OAK FINL STRATEGIES IN	03464A100	105,239	$1.4M	0.44%
85	MORGAN STANLEY EMKT DBT FD I	MS-PQ	180,384	$1.4M	0.43%
86	EATON VANCE SHORT DURATION D	ETN	118,733	$1.3M	0.41%
87	BLACKROCK TECH AND PRIVATE E	BLK	194,268	$1.3M	0.41%
88	SABA CAPITAL INCOME & OPRNT	78518H202	181,599	$1.3M	0.40%
89	COHEN & STEERS CLOSED-END OP	19248P106	95,327	$1.3M	0.40%
90	LMP CAP & INCOME FD INC	50208A102	83,807	$1.2M	0.39%
91	FLAHERTY & CRUMRINE DYNAMIC	DFP	57,012	$1.2M	0.38%
92	TEMPLETON DRAGON FD INC	88018T101	104,322	$1.2M	0.37%
93	TEMPLETON EMERGING MKTS INCO	880192109	179,677	$1.2M	0.37%
94	WSTRN AST GLBL CORP OPP FD I	95790C107	94,936	$1.1M	0.36%
95	ALLSPRING GLOBAL DIVIDEND OP	EOD	186,217	$1.1M	0.35%
96	THORNBURG INCM BUILDER OPP T	885213108	54,866	$1.1M	0.35%
97	TEMPLETON EMERGING MKTS FD	880191101	65,060	$1.1M	0.35%
98	MFS MULTIMARKET INCOME TR	MMT	227,371	$1.1M	0.34%
99	PIMCO GLOBAL STOCKSPLS INCM	722011103	113,811	$1.0M	0.33%
100	JAPAN SMALLER CAPITALIZATION	JOF	93,681	$1.0M	0.33%
101	MEXICO EQUITY & INCOME FD	592834105	75,513	$934,851	0.30%
102	BLACKROCK ENHANCED EQUITY DI	BLK	97,082	$920,338	0.29%
103	ABRDN TOTAL DYNAMIC DIVIDEND	AOD	93,434	$920,016	0.29%
104	NUVEEN FLOATING RATE INCOME	67072T108	113,966	$892,354	0.28%
105	EATON VANCE SR FLTNG RTE TR	ETN	80,004	$891,245	0.28%
106	SOURCE CAPITAL	SOR	19,324	$884,267	0.28%
107	XAI OCTAGN FLT RAT & ALT INM	98400T106	183,519	$880,892	0.28%
108	RIVERNORTH DOUBLELINE STRATE	OPP-PC	110,263	$876,591	0.28%
109	TOTAL RETURN SECURITIES FUND	SWZ	136,198	$847,152	0.27%
110	CLOUGH GLOBAL OPPORTUNITIES	GLO	144,272	$816,580	0.26%
111	COHEN & STEERS REIT & PFD &	19247X100	40,372	$801,788	0.25%
112	PIMCO INCOME STRATEGY FD II	72201J104	105,800	$793,500	0.25%
113	BLACKROCK HEALTH SCIENCES TE	BLK	52,652	$792,413	0.25%
114	EATON VANCE FLTING RATE INC	ETN	67,012	$762,329	0.24%
115	BLACKROCK FLOATING RATE INCO	BLK	63,570	$748,855	0.24%
116	VIRTUS ARTIFICIAL INTELLIGEN	AIO	30,899	$707,873	0.22%
117	VIRTUS CONVERTIBLE & INCOME	92838X805	46,486	$704,263	0.22%
118	ABRDN EMERGING MARKETS EX CH	AEF	94,331	$677,297	0.21%
119	CLOUGH GLOBAL EQUITY FD	18914C100	84,141	$644,521	0.20%
120	MORGAN STANLEY CHINA A SH FD	MS-PQ	36,430	$632,423	0.20%
121	BANCROFT FD LTD	059695106	27,688	$611,905	0.19%
122	BLACKROCK CR ALLOCATION INCO	BLK	53,561	$580,066	0.18%
123	BLACKSTONE LONG SHORT CR INC	BGX	48,854	$574,133	0.18%
124	BLACKROCK FLOATING RATE INC	BLK	49,850	$564,801	0.18%
125	INVESCO HIGH INCOME TR II	IVZ	50,276	$561,583	0.18%
126	LAZARD GLOBAL TOTAL RETURN &	LAZ	32,158	$560,836	0.18%
127	COHEN & STEERS QUALITY INCOM	19247L106	47,609	$549,884	0.17%
128	NEUBERGER NEXT GENERATION	NBXG	37,086	$535,522	0.17%
129	CLOUGH GLOBAL DIVID & INCOME	18913Y103	86,114	$514,101	0.16%
130	BARINGS GLOBAL SHORT DURATIO	BGH	33,789	$511,306	0.16%
131	PRINCIPAL REAL ESTATE INCOME	PGZ	50,826	$508,769	0.16%
132	PUTNAM PREMIER INCOME TR	PPT	141,161	$499,710	0.16%
133	NUVEEN CR STRATEGIES INCOME	NU	98,386	$493,898	0.16%
134	VOYA EMERGING MKTS HIGH DIVI	92912P108	77,225	$488,449	0.15%
135	EATON VANCE SR INCOME TR	ETN	92,421	$487,059	0.15%
136	WESTERN ASSET INVESTMENT GRA	95766T100	38,338	$480,472	0.15%
137	RIVERNORTH OPPORTUNITIES FD	76881Y109	38,476	$451,709	0.14%
138	CBRE GBL REAL ESTATE INC FD	12504G100	101,282	$443,616	0.14%
139	NYLI CBRE GBL INFR MEGTRNDS	56064Q107	31,319	$430,950	0.14%
140	CREDIT SUISSE ASSET MGMT INC	224916106	152,270	$430,925	0.14%
141	HIGH INCOME SECS FD	42968F108	69,164	$425,359	0.13%
142	ABRDN HEALTHCARE INVESTORS	HQH	21,555	$408,252	0.13%
143	BLACKROCK ENHANCED INTL DIV	BLK	69,140	$406,544	0.13%
144	MORGAN STANLEY EMERGING MKTS	MS-PQ	72,979	$405,496	0.13%
145	NEUBERGER HIGH YIELD ST FD I	64128C106	54,000	$401,760	0.13%
146	EATON VANCE ENHANCED EQUITY	ETN	18,473	$379,805	0.12%
147	HANCOCK JOHN FINL OPPTYS FD	409735206	10,576	$371,007	0.12%
148	NEUBERGER REAL ESTATE	NRO	119,089	$362,031	0.11%
149	BNY MELLON HIGH YIELD STRATE	DHF	144,185	$359,893	0.11%
150	INVESCO QQQ TR	IVZ	582	$357,529	0.11%
151	MFS INTER INCOME TR	55273C107	134,091	$349,978	0.11%
152	ELLSWORTH GROWTH & INCOME FD	289074106	29,647	$344,795	0.11%
153	HIGHLAND GLOBAL ALLOCATION F	HGLB	37,305	$340,595	0.11%
154	INVESCO SR INCOME TR	IVZ	97,091	$317,488	0.10%
155	BLACKROCK ESG CAP ALLC TERM	BLK	19,500	$299,910	0.10%
156	MEXICO FD INC	592835102	14,588	$293,803	0.09%
157	BLACKROCK CAP ALLOCATION TER	BLK	20,335	$287,944	0.09%
158	KOREA FD INC	500634209	7,500	$282,763	0.09%
159	BLACKSTONE SENI FLTN RAT 202	BX	19,906	$270,623	0.09%
160	ADVENT CONV & INCOME FD	00764C109	20,934	$262,513	0.08%
161	INVESCO BD FD	IVZ	10,896	$167,908	0.05%
162	ABRDN GLOBAL DYNAMIC DIVIDEN	AGD	10,921	$128,650	0.04%
163	FRANKLIN UNVL TR	355145103	15,756	$126,048	0.04%
164	VIRTUS TOTAL RETURN FD INC	92835W107	19,241	$121,219	0.04%
165	GABELLI CONV & INC SECS FD I	36240B109	14,334	$59,487	0.02%