13F HOLDINGS REPORT

Relative Value Partners Group, LLC

Quarter ended Q4 2023 · Filed November 13, 2023 · Accession 0001649910-23-000014

Total Value

$1.49B

Positions

264

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (264)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD INDEX FDS	922908744	621,651	$85.7M	5.76%
2	ISHARES TR	464287101	396,128	$79.5M	5.34%
3	VANGUARD SCOTTSDALE FDS	92206C706	1,166,315	$66.7M	4.48%
4	VANGUARD INDEX FDS	922908769	306,202	$65.0M	4.37%
5	ISHARES TR	464287200	127,535	$54.8M	3.68%
6	VANGUARD SCOTTSDALE FDS	92206C771	1,221,772	$53.5M	3.59%
7	ISHARES TR	464287440	581,080	$53.2M	3.57%
8	WISDOMTREE TR	WT	755,065	$47.9M	3.22%
9	INVESCO EXCHANGE TRADED FD	IVZ	1,426,871	$45.4M	3.05%
10	VANGUARD SCOTTSDALE FDS	92206C102	694,291	$40.0M	2.69%
11	SPDR SER TR	78464A474	1,249,318	$36.6M	2.46%
12	VANGUARD TAX-MANAGED FDS	921943858	732,495	$32.0M	2.15%
13	AMERICAN CENTY ETF TR	025072877	408,725	$31.9M	2.14%
14	JANUS DETROIT STR TR	47103U845	622,971	$31.4M	2.11%
15	SPECIAL OPPORTUNITIES FUND INC	84741T401	1,342,346	$30.5M	2.05%
16	DIMENSIONAL ETF TRUST	25434V807	875,361	$28.6M	1.92%
17	ISHARES INC	464288646	551,843	$27.5M	1.85%
18	ISHARES TR	46429B267	1,160,969	$25.6M	1.72%
19	ISHARES TR	464287408	156,538	$24.1M	1.62%
20	ISHARES TR	464287598	143,162	$21.7M	1.46%
21	ISHARES TR	46432F842	337,163	$21.7M	1.46%
22	SPECIAL OPPORTUNITIES FUND INC	84741T104	1,613,015	$17.6M	1.18%
23	JANUS DETROIT STR TR	47103U852	401,514	$17.4M	1.17%
24	VIRTUS DIVIDEND INTEREST & P	NFJ	1,515,702	$17.2M	1.15%
25	SABA CAPITAL INC & OPTUNTY FD	78518H202	2,146,400	$16.5M	1.11%
26	ISHARES TR	464287507	57,802	$14.4M	0.97%
27	ISHARES TR	464287804	142,175	$13.4M	0.90%
28	VANGUARD INDEX FDS	922908611	78,162	$12.5M	0.84%
29	BARINGS BDC INC	BBDC	1,360,205	$12.1M	0.81%
30	VANGUARD WORLD FDS	92204A702	29,064	$12.1M	0.81%
31	TORTOISE PWR & ENERGY INFRAS	89147X104	842,040	$11.2M	0.76%
32	ISHARES TR	46434G103	212,075	$10.1M	0.68%
33	ISHARES TR	464288414	84,767	$8.7M	0.58%
34	DIMENSIONAL ETF TRUST	25434V781	357,858	$8.5M	0.57%
35	ISHARES TR	464287879	93,931	$8.4M	0.56%
36	ISHARES TR	464287150	85,041	$8.0M	0.54%
37	SPDR S&P 500 ETF TR	SPY	18,036	$7.7M	0.52%
38	BONDBLOXX ETF TRUST	09789C788	152,070	$7.6M	0.51%
39	WISDOMTREE TR	WT	165,828	$7.6M	0.51%
40	WISDOMTREE TR	WT	163,694	$7.6M	0.51%
41	VANGUARD INTL EQTY INDEX FD	922042858	187,526	$7.4M	0.49%
42	NUVEEN MORTGAGE AND INCOME	NU	462,780	$7.3M	0.49%
43	MCDONALDS CORP	MCD	27,210	$7.2M	0.48%
44	ISHARES TR	46436E718	69,160	$7.0M	0.47%
45	GDL FD	361570104	863,467	$6.7M	0.45%
46	TRI-CONTINENTAL CORP	895436103	245,668	$6.5M	0.44%
47	VANGUARD SCOTTSDALE FDS	92206C870	85,747	$6.5M	0.44%
48	MICROSOFT CORP	MSFT	20,569	$6.5M	0.44%
49	CRESCENT CAP BDC INC	225655109	375,287	$6.4M	0.43%
50	ISHARES TR	46432F388	69,862	$6.3M	0.43%
51	BLACKROCK ESG CAP ALLC TR	BLK	423,108	$6.3M	0.42%
52	APPLE INC	AAPL	34,210	$5.9M	0.39%
53	LADDER CAP CORP	LADR	546,256	$5.6M	0.38%
54	BONDBLOXX ETF TRUST	09789C861	112,348	$5.6M	0.38%
55	KINDER MORGAN INC DEL	EP-PC	320,724	$5.3M	0.36%
56	BLACKROCK FLOAT RATE INCM	BLK	416,989	$5.3M	0.35%
57	NUVEEN REAL ASSET INC & GROW	67074Y105	490,071	$5.2M	0.35%
58	TEMPLETON EMERGING MKTS FD I	880191101	460,104	$5.2M	0.35%
59	VANGUARD BD INDEX FDS	921937827	68,949	$5.2M	0.35%
60	ISHARES TR	464288661	44,988	$5.1M	0.34%
61	ISHARES TR	46434VBG4	200,344	$5.0M	0.33%
62	TPG RE FIN TR INC	TPGXL	731,887	$4.9M	0.33%
63	BRIGHTSPIRE CAPITAL INC	BRSP	737,489	$4.6M	0.31%
64	FIRST TR SR FLTG RATE INCOME	33733U108	420,006	$4.2M	0.28%
65	DIMENSIONAL ETF TRUST	25434V849	90,150	$4.2M	0.28%
66	CHIPOLTE MEXICAN GRILL INC	CMG	2,199	$4.0M	0.27%
67	ARES COML REAL ESTATE CORP	04013V108	409,606	$3.9M	0.26%
68	CARLYLE CREDIT INCOME FUND	CCID	468,411	$3.8M	0.26%
69	APOLLO GLOBAL MGMT INC	03769M106	40,673	$3.7M	0.25%
70	EQUITY COMWLTH	294628102	197,320	$3.6M	0.24%
71	COCA COLA CO	KO	64,661	$3.6M	0.24%
72	ISHARES TR	464288158	35,003	$3.6M	0.24%
73	SPDR SER TR	78464A375	114,477	$3.6M	0.24%
74	ISHARES TR	464287622	15,060	$3.5M	0.24%
75	DIMENSIONAL US SMALL CAP VALUE	25434V815	132,603	$3.4M	0.23%
76	VANGUARD STAR FDS VG	921909768	58,378	$3.1M	0.21%
77	WELLS FARGO CO NEW	949746804	2,799	$3.1M	0.21%
78	BLACKSTONE MTG TR INC	BX	137,439	$3.0M	0.20%
79	SPDR S&P MIDCAP 400 ETF TR	MDY	6,467	$3.0M	0.20%
80	WESTERN ASSET DIVERSIFIED IN	WDI	222,785	$2.9M	0.20%
81	ISHARES GOLD TR	IAU	82,937	$2.9M	0.19%
82	GUGGENHEIM ACTIVE ALLOC FD	40170T106	214,521	$2.9M	0.19%
83	XYLEM INC	XYL	31,129	$2.8M	0.19%
84	BERKSHIRE HATHAWAY INC DEL	BRK-A	8,075	$2.8M	0.19%
85	ABERDEEN GLOBAL INFRA INCM	00326W106	175,584	$2.8M	0.19%
86	ISHARES TR	464288513	37,663	$2.8M	0.19%
87	ISHARES TR	464287465	40,089	$2.8M	0.19%
88	GRANITE PT MTG TR INC	38741L107	551,706	$2.7M	0.18%
89	STARBUCKS CORP	SBUX	28,139	$2.6M	0.17%
90	BRT APARTMENTS CORP	BRT	147,853	$2.6M	0.17%
91	EASTERN BANKSHARES INC	EBC	201,950	$2.5M	0.17%
92	DIMENSIONAL ETF TRUST	25434V104	84,015	$2.5M	0.17%
93	ISHARES TR	46434V464	16,423	$2.5M	0.17%
94	NEUBERGER BERMAN MLP & ENERG	64129H104	358,486	$2.5M	0.17%
95	ISHARES TR	46436E874	102,457	$2.4M	0.16%
96	ABERDEEN EMRG MRKTS EQT INM	AEF	509,359	$2.4M	0.16%
97	ISHARES TR	46432F339	18,229	$2.4M	0.16%
98	FIRST TR HIGH YIELD OPPRT	33741Q107	174,945	$2.3M	0.16%
99	PGIM SHORT DUR HIG YLD OPP F	69355J104	159,603	$2.3M	0.16%
100	DIMENSIONAL ETF TRUST	25434V872	56,987	$2.3M	0.15%
101	PIMCO ENERGY & TACTICAL CR	PDX	113,933	$2.3M	0.15%
102	ALPHABET INC	GOOG	16,681	$2.2M	0.15%
103	ISHARES TR	464287614	8,144	$2.2M	0.15%
104	ISHARES TR	46432F834	35,815	$2.1M	0.14%
105	GOLUB CAP BDC INC	38173M102	145,740	$2.1M	0.14%
106	STANDEX INTL CORP	854231107	13,751	$2.0M	0.13%
107	ALPHABET INC	GOOG	15,124	$2.0M	0.13%
108	PIMCO ETF TR	72201R205	37,621	$1.9M	0.13%
109	AMAZON COM INC	AMZN	14,645	$1.9M	0.13%
110	CHEVRON CORP NEW	CVX	11,002	$1.9M	0.12%
111	EXXON MOBIL CORP	XOM	15,697	$1.8M	0.12%
112	BLACKROCK CAP ALLOCATION TR	BLK	125,778	$1.8M	0.12%
113	BLACKROCK INCOME TR INC	BLK	155,011	$1.8M	0.12%
114	VANGUARD SCOTTSDALE FDS	92206C409	21,917	$1.6M	0.11%
115	VANGUARD MALVERN FDS	922020805	34,453	$1.6M	0.11%
116	ABBVIE INC	ABBV	10,590	$1.6M	0.11%
117	VANGUARD INDEX FDS	922908751	8,310	$1.6M	0.11%
118	VANGUARD INDEX FDS	922908629	7,534	$1.6M	0.11%
119	VANGUARD SCOTTSDALE FDS	92206C730	7,676	$1.5M	0.10%
120	NORTHEAST CMNTY BANCORP INC	664121100	99,500	$1.5M	0.10%
121	JP MORGAN CHASE & CO	VYLD	10,061	$1.5M	0.10%
122	PHILIP MORRIS INTL INC	718172109	15,584	$1.4M	0.10%
123	TCW STRATEGIC INCOME FD INC	872340104	296,244	$1.4M	0.09%
124	JAPAN SMALLER CAPITALIZATION	JOF	187,504	$1.3M	0.09%
125	SPDR SER TR	78464A763	11,502	$1.3M	0.09%
126	PRINCIPAL REAL ESTATE INCOME	PGZ	142,875	$1.3M	0.09%
127	TESLA	TSLA	5,147	$1.3M	0.09%
128	VANGUARD INDEX FDS	922908652	8,971	$1.3M	0.09%
129	DTF TAX-FREE INCOME 2028 TER	DTF	119,724	$1.3M	0.09%
130	NUVEEN CORPORATE INCOME 2023	NU	132,518	$1.3M	0.08%
131	META PLATFORMS INC	META	4,197	$1.3M	0.08%
132	LOEWS CORP	L	19,721	$1.2M	0.08%
133	INTERNATIONAL BUSINESS MACH	INTR	8,219	$1.2M	0.08%
134	VANGUARD INTL EQUITY INDEX	922042742	12,371	$1.2M	0.08%
135	S&P GLOBAL INC	SPGI	2,988	$1.1M	0.07%
136	DIMENSIONAL ETF TRUST	25434V500	20,268	$1.1M	0.07%
137	MERCK & CO INC	MRK	10,277	$1.1M	0.07%
138	NUVEEN MULTI MKT INCOME FD	NU	184,628	$1.0M	0.07%
139	DIMENSIONAL ETF TRUST	25434V302	42,976	$969,966	0.07%
140	ISHARES TR	464288521	20,543	$969,223	0.07%
141	JOHNSON & JOHNSON	JNJ	6,165	$960,157	0.06%
142	ISHARES TR	464288257	10,326	$953,811	0.06%
143	VANGUARD INTL EQUITY INDEX F	922042775	18,205	$944,301	0.06%
144	ISHARE TR	46429B267	19,068	$942,171	0.06%
145	LILLY ELI & CO	LLY	1,731	$929,772	0.06%
146	JOHN BEAN TECHNOLOGIES CORP	JBTM	8,758	$920,816	0.06%
147	WILLIAMS COS INC	969457100	27,242	$917,777	0.06%
148	COHEN & STEERS TAX ADVAN PFD	19249X108	51,754	$904,136	0.06%
149	VANGUARD INDEX FDS	922908553	11,924	$902,189	0.06%
150	ABBOTT LABS	ABLZF	9,272	$898,007	0.06%
151	AUTOMATIC DATA PROCESSING	ADP	3,705	$891,349	0.06%
152	VANGUARD BD INDEX FDS	92203C303	18,017	$886,256	0.06%
153	WESTERN ASSET INVT GRADE DEF	95790A101	52,314	$828,132	0.06%
154	MFS INTER INCOME TR	55273C107	299,753	$803,337	0.05%
155	BANK OF AMERICA	060505104	28,395	$777,456	0.05%
156	MIDCAP FINANCIAL INVSTMNT CO	03761U502	56,166	$772,283	0.05%
157	VIRTUS TOTAL RETURN FD INC	92835W107	160,553	$770,653	0.05%
158	WELLS FARGO CO NEW	949746101	18,076	$738,585	0.05%
159	WALMART INC	WMT	4,568	$730,560	0.05%
160	SCHWAB STRATEGIC TR	808524771	13,038	$729,728	0.05%
161	CITIGROUP INC	C-PR	17,025	$700,238	0.05%
162	ARES CAPITAL CORP	ARCC	35,602	$693,171	0.05%
163	ROYAL CARIBBEAN GROUP	V7780T103	7,401	$681,928	0.05%
164	UNUM GROUP	UNMA	13,403	$659,294	0.04%
165	ISHARES TR	46429B663	6,636	$656,234	0.04%
166	INTEL CORP	INTC	17,985	$639,366	0.04%
167	PFIZER INC COM	PFE	19,079	$632,859	0.04%
168	PROCTOR AND GAMBLE CO	742718109	4,259	$621,227	0.04%
169	ISHARES TR	46435G516	8,965	$619,782	0.04%
170	KKR REAL ESTATE FIN TR	KKRT	51,113	$606,716	0.04%
171	NORWEGIAN CRUISE LINE HLDG	NCLH	36,173	$596,131	0.04%
172	TWILIO INC	TWLO	10,182	$595,952	0.04%
173	CISCO SYS INC	CSCO	11,041	$593,572	0.04%
174	BLACKROCK FLOATING RATE INC	BLK	49,163	$592,903	0.04%
175	UNION PACIFIC CORP	UNP	2,908	$592,156	0.04%
176	HOME DEPOT INC	HD	1,955	$590,723	0.04%
177	SELECT SECTOR SPDR TR	81369Y886	9,900	$583,407	0.04%
178	NVIDIA CORP	NVDA	1,334	$580,274	0.04%
179	INVESCO EXCHANGE TRADED FD	IVZ	7,629	$561,344	0.04%
180	SALESFORCE INC	CRM	2,717	$550,953	0.04%
181	PHILLIPS 66	PSX	4,527	$543,919	0.04%
182	UNITED HEALTH GRP INC	UNH	1,076	$542,554	0.04%
183	GENERAL MOTORS CORP	37045V100	16,223	$534,872	0.04%
184	DIMENSIONAL ETF TRUST	25434V203	20,313	$530,385	0.04%
185	CONOCO PHILLIPS	COP	4,416	$529,037	0.04%
186	ISHARES TR	464287234	13,904	$527,674	0.04%
187	DISNET WALT CO	254687106	6,506	$527,346	0.04%
188	PEPSICO INC	PEP	3,092	$523,908	0.04%
189	PAYCHEX INC	PAYX	4,507	$519,792	0.03%
190	ISHARES TR	46436E866	22,358	$516,023	0.03%
191	WISDOMTREE TR	WT	13,840	$508,758	0.03%
192	VANGUARD WORLD FDS	92204A504	2,163	$508,418	0.03%
193	BOOKING HOLDINGS INC	BKNG	162	$499,600	0.03%
194	LINCOLN NATIONAL CORP	534187109	19,786	$488,516	0.03%
195	GOLDMAN SACHS GROUP INC	GSCE	1,469	$475,394	0.03%
196	CATERPILLER INC	CAT	1,729	$472,019	0.03%
197	MASTERCARD INC	MA	1,185	$469,309	0.03%
198	VANGUARD SCOTTSDALE FDS	92206C664	6,534	$466,789	0.03%
199	ISHARE TR	46434V621	9,328	$462,040	0.03%
200	EATON VANCE ENHANCED EQTY INCM	ETN	28,890	$457,907	0.03%
201	HARTFORD FINL SVCS GROUP INC	HIG-PG	6,409	$454,462	0.03%
202	BROADCOM INC	AVGO	537	$446,021	0.03%
203	MARATHON PETE CORP	MARA	2,909	$440,248	0.03%
204	SPDR INDEX SHS FDS	78468R739	9,174	$424,094	0.03%
205	AMGEN INC	AMGN	1,557	$418,531	0.03%
206	EATON VANCE SR FLTNG RTE TR	ETN	33,842	$409,828	0.03%
207	SPDR GOLD TR	GLD	2,381	$408,140	0.03%
208	VANECK ETF TRUST	92189F106	15,100	$406,341	0.03%
209	MODERNA INC	MRNA	3,776	$390,023	0.03%
210	VISA INC	V	1,670	$384,117	0.03%
211	VERIZON COMMUNICATIONS INC	VZ	11,822	$383,166	0.03%
212	ALPINE TOTAL DYNAMIC DIVD	AOD	50,385	$380,913	0.03%
213	SSGA ACTIVE ETF TR	78467V400	9,938	$379,719	0.03%
214	COMCAST CORP NEW	CCZ	8,525	$377,998	0.03%
215	DANAHER CORPORATION	235851102	1,469	$364,378	0.02%
216	NSTS BANCORP INC	NSTS	40,000	$362,000	0.02%
217	VANGUARD INDEX FDS	922908363	921	$361,661	0.02%
218	AFFILIATED MANAGERS GROUP	MGRE	2,725	$355,177	0.02%
219	LAS VEGAS SANDS CORP	LVS	7,732	$354,435	0.02%
220	ISHARES TR	464287655	1,995	$352,596	0.02%
221	SPDR INDEX SHS FDS	78463X509	10,270	$344,764	0.02%
222	CHARLES SCHWAB CORP	SCHW-PJ	6,214	$341,149	0.02%
223	SCHWAB STRATEGIC TR	808524102	6,839	$340,922	0.02%
224	TEXAS INSTRS INC	882508104	2,142	$340,599	0.02%
225	COSTCO WHSL CORP NEW	22160K105	598	$337,846	0.02%
226	ISHARES TR	464287499	4,728	$327,398	0.02%
227	PROSHARES TR	74347G705	7,500	$325,649	0.02%
228	EATON VANCE LTD DURATION INC	ETN	35,800	$323,636	0.02%
229	VANGUARD WORLD FDS	92204A876	2,465	$314,386	0.02%
230	VANECK ETF TRUST	92189H607	900	$310,536	0.02%
231	VANGUARD MUN BD	922907746	6,351	$305,481	0.02%
232	ADOBE INC	ADBE	592	$301,861	0.02%
233	PUTNAM MUNI OPPORTUNITIES TR	746922103	32,000	$294,400	0.02%
234	SOUTHERN CO	SOMN	4,455	$288,328	0.02%
235	VANECK ETF TRUST	92189F106	1,828	$283,976	0.02%
236	ISHARES TR	464288240	5,877	$276,272	0.02%
237	WINTRUST FINL CORP	97650W108	3,514	$265,307	0.02%
238	ELLSWORTH GROWTH & INCOME FD	289074106	32,006	$257,648	0.02%
239	ISHARES TR	46434G822	4,168	$251,295	0.02%
240	ONEOK INC NEW	OKE	3,944	$250,168	0.02%
241	SOUTHSIDE BANCSHARES INC	SBSI	8,250	$236,775	0.02%
242	MORGAN STANLEY	MS-PQ	2,810	$229,493	0.02%
243	ACCENTURE PLC IRELAND	ACN	730	$224,190	0.02%
244	CORTEVA INC	CTVA	4,342	$222,137	0.01%
245	GENERAL ELECTRIC CO	369604301	1,965	$217,231	0.01%
246	LENNAR CORP	LEN-B	1,905	$213,798	0.01%
247	MOODYS CORP	MCO	650	$205,511	0.01%
248	UBER TECHNOLOGIES INC	UBER	4,418	$203,184	0.01%
249	NUVEEN CA QUALTY MUN INCOME	NU	20,000	$193,000	0.01%
250	BLUE FOUNDRY BANCORP	BLFY	21,500	$179,955	0.01%
251	FIRST TR DYNAMIC EUROPE EQUI	33740D107	12,987	$161,044	0.01%
252	LIBERTY ALL STAR EQUITY FD	530158104	24,850	$147,112	0.01%
253	ABERDEEN GLOBAL DYNAMIC DIV	AGD	14,875	$128,813	0.01%
254	NEW GERMANY FUND	644465106	15,722	$128,450	0.01%
255	NUVEEN CR STRATEGIES INCOME	NU	24,513	$124,034	0.01%
256	EATON VANCE TX MGD DIV EQ IN	ETN	10,000	$115,400	0.01%
257	EUROPEAN EQUITY FD INC	298768102	14,491	$115,203	0.01%
258	ABERDEEN JAPAN EQUITY FD INC	JEQ	20,963	$112,154	0.01%
259	VOYA GLBL EQTY DIV & PREM OP	92912T100	20,049	$98,238	0.01%
260	MFS MULTIMARKET INCOME TR	MMT	23,035	$98,130	0.01%
261	ROYCE GLOBAL VALUE TR INC	RGT	10,155	$88,457	0.01%
262	GENWORTH FINL INC	37247D106	13,642	$79,942	0.01%
263	AEGON N V	AEFC	11,000	$52,800	0.00%
264	BUTTERFLY NETWORK INC	BFLY	20,000	$23,600	0.00%