Institutional Manager · CIK 0002103520
Closed-End Fund Advisors, Inc.
RICHMOND, VA · File #028-26201
Latest AUM
$169.3M
Positions
204
Top-10 Concentration
41.6%
Filings
1
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | BLUE OWL CAPITAL | OWL | +370,782 | +$4.6M | $0 |
| NEW | SLR INVESTMENT CORP | SLRC | +260,893 | +$4.0M | $0 |
| NEW | KAYNE ANDERSON ENERGY | 486606106 | +250,916 | +$3.1M | $0 |
| NEW | TORTOISE ENERGY INFRA CORP | TYG | +73,348 | +$3.0M | $0 |
| NEW | PALMER SQUARE CAPITAL BDC | PSBD | +220,334 | +$2.7M | $0 |
| NEW | ALLSPRING GLOBAL DIVIDEND | EOD | +358,410 | +$2.1M | $0 |
| NEW | CALAMOS LNG SHR EQT DYNAMIC | 12812C106 | +141,572 | +$2.1M | $0 |
| NEW | PGIM SHORT DUR HIG YLD OPP | 69355J104 | +113,402 | +$1.9M | $0 |
| NEW | BLUEROCK PVT REAL ESTATE FD | 09631P102 | +122,645 | +$1.8M | $0 |
| NEW | DESTRA MULTI-ALTERNATIVE FD | 25065A502 | +200,829 | +$1.8M | $0 |
Sector Allocation
Filing History
- 13F COMBINATION REPORTQ/E Dec 2025204 pos · $169.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NUVEEN CHURCHILL DIRECT | 67090S108 | 479,357 | $6.4M | 5.64% |
| 2 | BAIN CAP SPECIALTY FIN INC | 05684B107 | 402,463 | $5.6M | 4.94% |
| 3 | NEW MTN FIN CORP | 647551100 | 562,980 | $5.2M | 4.58% |
| 4 | GOLUB CAP BDC INC | 38173M102 | 371,814 | $5.0M | 4.45% |
| 5 | TRINITY CAP INC | TRINZ | 317,155 | $4.6M | 4.10% |
| 6 | BLUE OWL CAPITAL | OWL | 370,782 | $4.6M | 4.07% |
| 7 | MORGAN STANLEY DIRECT | 61774A103 | 258,929 | $4.3M | 3.77% |
| 8 | SLR INVESTMENT CORP | SLRC | 260,893 | $4.0M | 3.56% |
| 9 | CION INVT CORP | 17259U204 | 414,611 | $4.0M | 3.54% |
| 10 | GOLDMAN SACHS BDC INC | GSBD | 355,305 | $3.3M | 2.91% |
| 11 | SARATOGA INVT CORP | 80349A208 | 141,470 | $3.3M | 2.88% |
| 12 | KAYNE ANDERSON ENERGY | 486606106 | 250,916 | $3.1M | 2.74% |
| 13 | TORTOISE ENERGY INFRA CORP | TYG | 73,348 | $3.0M | 2.65% |
| 14 | ARES CAPITAL CORP | ARCC | 145,688 | $2.9M | 2.60% |
| 15 | PALMER SQUARE CAPITAL BDC | PSBD | 220,334 | $2.7M | 2.37% |
| 16 | CRESCENT CAP BDC INC | 225655109 | 173,696 | $2.4M | 2.15% |
| 17 | CARLYLE SECURED LENDING INC | CGBD | 176,354 | $2.2M | 1.94% |
| 18 | ALLSPRING GLOBAL DIVIDEND | EOD | 358,410 | $2.1M | 1.84% |
| 19 | CALAMOS LNG SHR EQT DYNAMIC | 12812C106 | 141,572 | $2.1M | 1.83% |
| 20 | BLACKSTONE SECD LENDING FD | BX | 73,272 | $1.9M | 1.70% |