13F HOLDINGS REPORT (Amended)

Relative Value Partners Group, LLC

Quarter ended Q2 2023 · Filed June 28, 2023 · Accession 0001649910-23-000009

Total Value

$1.47B

Positions

245

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (245)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD INDEX FDS	922908744	608,493	$84.0M	5.74%
2	ISHARE TR	464287101	417,462	$78.1M	5.33%
3	VANGUARD SCOTTSDALE FDS	92206C706	1,098,572	$65.9M	4.50%
4	VANGUARD INDEX FDS	922908769	314,697	$64.2M	4.38%
5	ISHARES TR	464287200	133,785	$55.0M	3.75%
6	ISHARES TR	464287440	536,160	$53.1M	3.63%
7	INVESCO EXCHANGE TRADED FD	IVZ	295,061	$46.3M	3.16%
8	WISDOMTREE TR	WT	731,229	$45.6M	3.11%
9	ISHARE TR	46429B267	1,813,100	$42.4M	2.89%
10	ISHARES TR	464287408	240,577	$36.5M	2.49%
11	SPDR SER TR	78464A474	1,218,105	$36.1M	2.46%
12	VANGUARD SCOTTSDALE FDS	92206C102	587,042	$34.4M	2.35%
13	SPECIAL OPPORTUNITIES FUND INC	84741T401	1,382,701	$31.6M	2.16%
14	JANUS DETROIT STR TR	47103U845	517,266	$25.6M	1.75%
15	DIMENSIONAL ETF TRUST	25434V807	763,865	$24.6M	1.68%
16	AMERICAN CENTY ETF TR	025072877	317,082	$23.5M	1.60%
17	ISHARES TR	46432F842	340,622	$22.8M	1.55%
18	ISHARES INC	464288646	447,993	$22.6M	1.55%
19	VANGUARD TAX-MANAGED FDS	921943858	468,240	$21.2M	1.44%
20	ISHARES TR	464287598	138,670	$21.1M	1.44%
21	VIRTUS DIVIDEND INTEREST & P	NFJ	1,661,179	$19.5M	1.33%
22	SPECIAL OPPORTUNITIES FUND INC	84741T104	1,709,837	$18.7M	1.28%
23	SABA CAPITAL INC & OPTUNTY FD	78518H202	2,191,104	$17.9M	1.22%
24	VANGUARD INDEX FDS	922908611	103,595	$16.4M	1.12%
25	VERTICAL CAP INCOME FUND	CCID	1,672,655	$16.4M	1.12%
26	ISHARES TR	464287804	168,521	$16.3M	1.11%
27	BLACKROCK FLOAT RATE INCM	BLK	1,329,890	$15.6M	1.06%
28	VANGUARD BD INDEX FDS	921937827	171,577	$13.1M	0.90%
29	TORTOISE PWR & ENERGY INFRAS	89147X104	909,269	$11.7M	0.80%
30	BARINGS BDC INC	BBDC	1,469,934	$11.7M	0.80%
31	ISHARES TR	46434G103	238,041	$11.6M	0.79%
32	VANGUARD WORLD FDS	92204A702	29,110	$11.2M	0.77%
33	WISDOMTREE TR	WT	236,972	$10.9M	0.74%
34	ISHARES TR	464288414	98,467	$10.6M	0.72%
35	SPDR S&P 500 ETF TR	SPY	24,246	$9.9M	0.68%
36	FOCUS FINL PARTNERS INC	34417P100	162,575	$8.4M	0.58%
37	ISHARES TR	464287879	90,093	$8.4M	0.58%
38	WISDOMTREE TR	WT	186,450	$8.2M	0.56%
39	BLACKROCK ESG CAP ALLC TR	BLK	521,865	$8.1M	0.56%
40	NUVEEN MORTGAGE AND INCOME	NU	493,380	$7.9M	0.54%
41	ISHARES TR	46434VBG4	317,057	$7.8M	0.53%
42	ISHARES TR	464287150	85,225	$7.7M	0.53%
43	DIMENSIONAL ETF TRUST	25434V781	322,601	$7.7M	0.52%
44	VANGUARD SCOTTSDALE FDS	92206C771	162,662	$7.6M	0.52%
45	GDL FD	361570104	961,424	$7.5M	0.51%
46	VANGUARD INTL EQUITY INDEX FD	922042858	186,553	$7.5M	0.51%
47	MCDONALDS CORP	MCD	26,948	$7.5M	0.51%
48	TRI-CONTINENTAL CORP	895436103	256,108	$6.8M	0.46%
49	NUVEEN INT DUR QUAL MUN TRM	NU	522,852	$6.7M	0.46%
50	LADDER CAP CORP	LADR	689,302	$6.5M	0.44%
51	VANGUARD SCOTTSDALE FDS	92206C870	80,061	$6.4M	0.44%
52	NUVEEN REAL ASSET INC & GROW	67074Y105	536,702	$6.3M	0.43%
53	ISHARES TR	46436E718	62,615	$6.3M	0.43%
54	TEMPLETON EMERGING MKTS FD I	880191101	536,923	$6.3M	0.43%
55	BLACKROCK CAP ALLOCATION TR	BLK	411,764	$6.2M	0.43%
56	ISHARES TR	46432F388	64,779	$6.0M	0.41%
57	CRESCENT CAP BDC INC	225655109	434,045	$5.9M	0.40%
58	PENNANTPARK INVT CORP	708062104	1,059,861	$5.6M	0.38%
59	ISHARES TR	464288661	47,399	$5.6M	0.38%
60	ISHARES TR	464288679	53,186	$5.6M	0.38%
61	KINDER MORGAN INC DEL	EP-PC	316,200	$5.5M	0.38%
62	DIMENSIONAL ETF TRUST	25434V849	113,030	$5.5M	0.37%
63	TPG RE FIN TR INC	TPGXL	750,611	$5.4M	0.37%
64	GOLUB CAP BDC INC	38173M102	397,368	$5.4M	0.37%
65	ISHARES TR	464288521	100,363	$5.1M	0.35%
66	BRIGHTSPIRE CAPITAL INC	BRSP	743,691	$4.4M	0.30%
67	WESTERN ASSET DIVERSIFIED IN	WDI	322,256	$4.3M	0.29%
68	MICROSOFT CORP	MSFT	14,807	$4.3M	0.29%
69	EQUITY COMWLTH	294628102	201,098	$4.2M	0.28%
70	SPDR SER TR	78464A375	122,847	$4.0M	0.27%
71	COCA COLA CO	KO	61,526	$3.8M	0.26%
72	CHIPOLTE MEXICAN GRILL INC	CMG	2,177	$3.7M	0.25%
73	GUGGENHEIM ACTIVE ALLOC FD	40170T106	260,812	$3.7M	0.25%
74	APPLE INC	AAPL	22,206	$3.7M	0.25%
75	GRANITE PT MTG TR INC	38741L107	734,019	$3.6M	0.25%
76	ISHARES TR	46436E874	146,542	$3.5M	0.24%
77	ABERDEEN GLOBAL INFRA INCM	00326W106	195,678	$3.5M	0.24%
78	FIRST TR SR FLTG RATE INCOME	33733U108	340,985	$3.4M	0.23%
79	ISHARES TR	464287622	15,050	$3.4M	0.23%
80	ARES COML REAL ESTATE CORP	04013V108	370,597	$3.4M	0.23%
81	VANGUARD STAR FDS	921909768	58,138	$3.2M	0.22%
82	BRT APARTMENTS CORP	BRT	160,341	$3.2M	0.22%
83	APOLLO GLOBAL MGMT INC	03769M106	50,000	$3.2M	0.22%
84	FIRST TR EXCHANGE-TRADED FD	33738D101	118,250	$3.1M	0.21%
85	ABERDEEN EMRG MRKTS EQT INM	AEF	585,647	$3.1M	0.21%
86	ISHARES GOLD TR	IAU	83,114	$3.1M	0.21%
87	ISHARES TR	464287465	43,260	$3.1M	0.21%
88	XYLEM INC	XYL	28,967	$3.0M	0.21%
89	SPDR S&P MIDCAP 400 ETF TR	MDY	6,467	$3.0M	0.20%
90	PGIM SHORT DUR HIG YLD OPP F	69355J104	195,945	$2.9M	0.20%
91	FIRST TR HIGH YIELD OPPRT	33741Q107	206,970	$2.9M	0.20%
92	STARBUCKS CORP	SBUX	27,743	$2.9M	0.20%
93	ISHARES TR	46434V464	19,129	$2.8M	0.19%
94	MFS INTER INCOME TR	55273C107	975,854	$2.7M	0.18%
95	NEUBERGER BERMAN MLP & ENERG	64129H104	388,566	$2.6M	0.17%
96	EASTERN BANKSHARES INC	EBC	201,800	$2.5M	0.17%
97	DIMENSIONAL US SMALL CAP VALUE	25434V815	101,583	$2.5M	0.17%
98	ISHARES TR	46432F339	19,236	$2.4M	0.16%
99	ISHARES TR	464287614	9,716	$2.4M	0.16%
100	BLACKROCK INCOME TR INC	BLK	183,445	$2.3M	0.16%
101	VANGUARD MALVERN FDS	922020805	45,311	$2.2M	0.15%
102	ISHARES TR	46432F834	34,594	$2.1M	0.15%
103	ISHARES TR	464288513	27,443	$2.1M	0.14%
104	DIMENSIONAL ETF TRUST	25434V872	48,605	$2.1M	0.14%
105	PIMCO ETF TR	72201R205	39,562	$2.0M	0.14%
106	INVESCO EXCH TRADED FD TR II	IVZ	107,231	$2.0M	0.13%
107	ISHARES TR	46434G822	33,203	$1.9M	0.13%
108	VANGUARD INTL EQUITY INDEX F	922042775	34,454	$1.8M	0.13%
109	VANGUARD SCOTTSDALE FDS	92206C409	23,198	$1.8M	0.12%
110	STANDEX INTL CORP	854231107	13,751	$1.7M	0.11%
111	EXXON MOBIL CORP	XOM	15,293	$1.7M	0.11%
112	ABBVIE INC	ABBV	10,264	$1.6M	0.11%
113	PRINCIPAL REAL ESTATE INCOME	PGZ	169,198	$1.6M	0.11%
114	VANGUARD INDEX FDS	922908751	8,146	$1.5M	0.11%
115	BONDBLOXX ETF TRUST	09789C788	30,431	$1.5M	0.10%
116	BERKSHIRE HATHAWAY INC DEL	BRK-A	4,806	$1.5M	0.10%
117	JAPAN SMALLER CAPITALIZATION	JOF	213,445	$1.5M	0.10%
118	PHILIP MORRIS INTL INC	718172109	15,061	$1.5M	0.10%
119	CHEVRON CORP NEW	CVX	8,906	$1.5M	0.10%
120	VANGUARD SCOTTSDALE FDS	92206C730	7,733	$1.4M	0.10%
121	VANGUARD INDEX FDS	922908629	6,806	$1.4M	0.10%
122	SPDR SER TR	78464A763	11,502	$1.4M	0.10%
123	NORTHEAST CMNTY BANCORP INC	664121100	108,300	$1.4M	0.10%
124	WISDOMTREE TR	WT	27,203	$1.4M	0.09%
125	INVESCO EXCH TRADED FD TR II	IVZ	30,249	$1.3M	0.09%
126	VANGUARD INDEX FDS	922908652	9,150	$1.3M	0.09%
127	ISHARES TR	46429B366	27,658	$1.3M	0.09%
128	BLACKROCK FLOATING RATE INC	BLK	112,098	$1.3M	0.09%
129	VANECK ETF TRUST	92189F106	38,609	$1.2M	0.09%
130	NUVEEN CORPORATE INCOME 2023	NU	127,782	$1.2M	0.08%
131	NUVEEN MULTI MKT INCOME FD	NU	201,252	$1.2M	0.08%
132	VANGUARD INTL EQUITY INDEX	922042742	12,383	$1.1M	0.08%
133	FIRST TR INTER DURATN PFD	33718W103	69,505	$1.1M	0.07%
134	LOEWS CORP	L	18,742	$1.1M	0.07%
135	TESLA	TSLA	4,725	$980,249	0.07%
136	S&P GLOBAL INC	SPGI	2,811	$969,148	0.07%
137	DIMENSIONAL ETF TRUST	25434V500	18,326	$965,769	0.07%
138	VANGUARD INDEX FDS	922908553	11,553	$959,382	0.07%
139	JOHN BEAN TECHNOLOGIES CORP	JBTM	8,678	$948,419	0.06%
140	ABBOTT LABS	ABLZF	9,393	$947,907	0.06%
141	ISHARES TR	464289867	18,872	$944,168	0.06%
142	ISHARES TR	464288257	10,314	$940,190	0.06%
143	JP MORGAN CHASE & CO	VYLD	7,111	$926,582	0.06%
144	COHEN & STEERS TAX ADVAN PFD	19249X108	50,748	$906,867	0.06%
145	SPDR INDEX SHS FDS	78468R739	18,800	$893,943	0.06%
146	VANGUARD BD INDEX FDS	92203C303	18,017	$887,157	0.06%
147	MERCK & CO INC	MRK	8,133	$865,270	0.06%
148	INVESCO EXCHANGE TRADED FD	IVZ	11,090	$841,722	0.06%
149	FIRST TR EXCH TRADED FD III	33739E108	51,023	$814,327	0.06%
150	INTERNATIONAL BUSINESS MACH	INTR	6,127	$803,175	0.05%
151	AMAZON COM INC	AMZN	7,387	$763,003	0.05%
152	SCHWAB STRATEGIC TR	808524771	13,703	$752,559	0.05%
153	WILLIAMS COS INC	969457100	25,149	$750,944	0.05%
154	ISHARES TR	464288240	15,001	$731,609	0.05%
155	SPDR INDEX SHS FDS	78463X541	12,639	$721,553	0.05%
156	AUTOMATIC DATA PROCESSING	ADP	3,200	$712,416	0.05%
157	ALPHABET INC	GOOG	6,742	$701,131	0.05%
158	JOHNSON & JOHNSON	JNJ	4,500	$697,521	0.05%
159	SELECT SECTOR SPDR TR	81369Y886	10,150	$687,054	0.05%
160	ISHARES TR	46429B663	6,636	$674,616	0.05%
161	CITIGROUP INC	C-PR	14,299	$670,480	0.05%
162	BK OF AMERICA CORP	060505104	23,139	$661,784	0.05%
163	ARES CAPITAL CORP	ARCC	35,602	$650,627	0.04%
164	PAYCHEX INC	PAYX	5,653	$646,068	0.04%
165	MIDCAP FINANCIAL INVSTMNT CO	03761U502	56,166	$640,292	0.04%
166	ISHARES TR	46435G516	8,802	$632,317	0.04%
167	EATON VANCE SR FLTNG RTE TR	ETN	54,629	$618,950	0.04%
168	META PLATFORMS INC	META	2,854	$604,877	0.04%
169	SPDR INDEX SHS FDS	78463X509	17,026	$581,097	0.04%
170	KKR REAL ESTATE FIN TR	KKRT	50,293	$572,833	0.04%
171	ISHARES TR	464287234	13,909	$548,830	0.04%
172	VANGUARD MUN BD FDS	922907746	10,756	$544,890	0.04%
173	PFIZER INC COM	PFE	13,321	$543,480	0.04%
174	GENERAL MOTORS CORP	37045V100	14,532	$533,034	0.04%
175	SPDR GOLD TR	GLD	2,879	$527,568	0.04%
176	ISHARES TR	46436E866	22,358	$526,084	0.04%
177	VANGUARD WORLD FDS	92204A504	2,193	$522,873	0.04%
178	DIMENSIONAL ETF TRUST	25434V302	21,765	$501,022	0.03%
179	UNUM GROUP	UNMA	12,550	$496,478	0.03%
180	WALMART INC	WMT	3,308	$487,765	0.03%
181	VANGUARD SCOTTSDALE FDS	92206C664	6,534	$470,971	0.03%
182	ISHARES TR	46434V621	9,294	$464,632	0.03%
183	ALPHABET INC	GOOG	4,459	$462,532	0.03%
184	ALPINE TOTAL DYNAMIC DIVD	AOD	57,100	$461,370	0.03%
185	INTEL CORP	INTC	13,720	$448,242	0.03%
186	EATON VANCE ENHANCED EQTY INCM	ETN	28,890	$439,706	0.03%
187	WISDOMTREE TR	WT	13,840	$436,514	0.03%
188	UNION PACIFIC CORP	UNP	2,100	$422,646	0.03%
189	PROCTOR AND GAMBLE CO	742718109	2,772	$412,178	0.03%
190	LILLY ELI & CO	LLY	1,186	$407,296	0.03%
191	LINCOLN NATIONAL CORP	534187109	17,908	$402,393	0.03%
192	BONDBLOXX ETF TRUST	09789C861	7,750	$387,836	0.03%
193	HARTFORD FINL SVCS GROUP INC	HIG-PG	5,550	$386,780	0.03%
194	SSGA ACTIVE ETF TR	78467V400	9,776	$382,125	0.03%
195	PHILLIPS 66	PSX	3,747	$379,871	0.03%
196	PIMCO ETF TR	72201R775	4,034	$374,174	0.03%
197	VANGUARD WORLD FDS	92204A876	2,465	$363,637	0.02%
198	CISCO SYS INC	CSCO	6,935	$362,534	0.02%
199	AFFILIATED MANAGERS GROUP	MGRE	2,540	$361,747	0.02%
200	ISHARES TR	464287655	1,995	$355,908	0.02%
201	NSTS BANCORP INC	NSTS	38,200	$347,238	0.02%
202	FIRST TR DYNAMIC EUROPE EQUI	33740D107	26,493	$337,523	0.02%
203	PUTNAM MUNI OPPORTUNITIES TR	746922103	32,000	$331,520	0.02%
204	ISHARES TR	464287499	4,723	$330,260	0.02%
205	TCW STRATEGIC INCOME FD INC	872340104	70,554	$330,190	0.02%
206	SCHWAB STRATEGIC TR	808524102	6,835	$327,037	0.02%
207	HOME DEPOT INC	HD	1,095	$323,156	0.02%
208	CONOCO PHILLIPS	COP	3,000	$297,630	0.02%
209	VERIZON COMMUNICATIONS INC	VZ	7,463	$290,233	0.02%
210	VOYA GLBL EQTY DIV & PREM OP	92912T100	55,128	$281,152	0.02%
211	SOUTHERN CO	SOMN	3,960	$275,537	0.02%
212	SOUTHSIDE BANCSHARES INC	SBSI	8,250	$273,900	0.02%
213	LINDE PLC	LIN	767	$272,622	0.02%
214	MARATHON PETE CORP	MARA	2,002	$269,930	0.02%
215	ISHARES TR	464288448	9,707	$266,837	0.02%
216	VANGUARD SPECIALIZED FUNDS	921908844	1,696	$261,185	0.02%
217	ELLSWORTH GROWTH & INCOME FD	289074106	32,006	$259,569	0.02%
218	DANAHER CORPORATION	235851102	994	$250,418	0.02%
219	VANECK ETF TRUST	92189H607	900	$249,417	0.02%
220	ISHARES TR	464288679	2,250	$248,625	0.02%
221	FMC CORP	FMC	2,012	$245,726	0.02%
222	RAYONIER INC	RYN	7,320	$243,463	0.02%
223	ISHARES TR	46434VAX8	9,390	$236,534	0.02%
224	BARCLAYS BANK PLC	VXZ	12,503	$234,850	0.02%
225	DTF TAX-FREE INCOME 2028 TER	DTF	19,550	$216,577	0.01%
226	BLUE FOUNDRY BANCORP	BLFY	22,500	$214,200	0.01%
227	WINTRUST FINL CORP	97650W108	2,878	$209,950	0.01%
228	CORTEVA INC	CTVA	3,444	$207,708	0.01%
229	INDEPENDENT BANK GROUP INC	INDB	4,455	$206,510	0.01%
230	SCHWAB STRATEGIC TR	808524805	5,912	$205,747	0.01%
231	EUROPEAN EQUITY FD INC	298768102	22,384	$189,056	0.01%
232	NEW GERMANY FUND	644465106	20,494	$186,294	0.01%
233	ABERDEEN GLOBAL DYNAMIC DIV	AGD	19,723	$184,013	0.01%
234	LIBERTY ALL STAR EQUITY FD	530158104	25,610	$158,782	0.01%
235	MFS MULTIMARKET INCOME TR	MMT	31,751	$144,152	0.01%
236	ABERDEEN JAPAN EQUITY FD INC	JEQ	26,110	$142,821	0.01%
237	NUVEEN CR STRATEGIES INCOME	NU	24,513	$125,260	0.01%
238	ROYCE GLOBAL VALUE TR INC	RGT	13,182	$118,642	0.01%
239	EATON VANCE TX MGD DIV EQ IN	ETN	10,000	$116,700	0.01%
240	VIATRIS INC	VTRS	11,282	$108,533	0.01%
241	EATON VANCE RISK-MANAGED DIV	ETN	12,742	$101,299	0.01%
242	ABSOLUTE SOFTWARE	00386B109	10,296	$80,616	0.01%
243	GENWORTH FINL INC	37247D106	12,000	$60,240	0.00%
244	AEGON N V	AEFC	11,000	$47,300	0.00%
245	SEELOS THERAPEUTICS INC	81577F109	15,000	$10,368	0.00%