Closed-End Fund Advisors, Inc.
Filing Date
Global Rank
#5,822
/ 8,605
▼ 1114
· as of Mar 2026
Top Industry
Asset Management
98.3%
3Y Alpha vs SPY
-30.5%
Period ended 3 months ago
Filed May 11, 2026 · 59d
2 quarters · since Dec 2025
Clone Performance
Feb 2026–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-1.3%
SPY
+10.0%
Annualised alpha
-30.2%
Max drawdown
−7.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
158 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
4.5%
+0.1 pts
Top 5
14.4%
−3.3 pts
Top 10
23.4%
−8.1 pts
HHI
127
Diversified−40
Portfolio Trend
2 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 96.6% | $92,793,273 |
| Unclassified | 1.7% | $1,638,559 |
| Healthcare | 0.7% | $649,388 |
| Technology | 0.7% | $629,659 |
| Consumer Cyclical | 0.3% | $315,700 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| OTF | Blue Owl Technology Finance Corp. | +122,824 | 169,456 | $2,099,559 | |
| FSSL | FS Specialty Lending Fund | +91,738 | 130,980 | $1,638,559 | |
| BPRE | Bluerock Private Real Estate Fund | +55,631 | 178,276 | $2,961,164 | |
| KYN | Kayne Anderson Energy Infrastructure Fund, Inc. | +51,797 | 302,713 | $4,322,741 | |
| MHD | Blackrock Muniholdings Fund, Inc. | +43,081 | 53,912 | $608,127 | |
| MEGI | NYLI CBRE Global Infrastructure Megatrends Term Fund | +32,946 | 113,890 | $1,673,044 | |
| AFB | Alliancebernstein National Municipal Income Fund | +29,872 | 62,678 | $670,027 | |
| FMN | Federated Hermes Premier Municipal Income Fund | +25,911 | 51,814 | $566,327 | |
| NML | Neuberger Energy Infrastructure & Income Fund Inc. | +21,210 | 139,373 | $1,464,810 | |
| RFMZ | RiverNorth Flexible Municipal Income Fund II, Inc. | +18,970 | 141,623 | $1,791,530 | |
| WIW | Western Asset Inflation-Linked Opportunities & Income Fund | +17,900 | 156,351 | $1,322,729 | |
| FSK | FS KKR Capital Corp | +15,918 | 31,345 | $319,092 | |
| HTGC | Hercules Capital, Inc. | +15,634 | 29,845 | $440,810 | |
| SABA | Saba Capital Income & Opportunities Fund II | +14,246 | 200,529 | $1,668,401 | |
| PCQ | Pimco California Municipal Income Fund | +12,904 | 109,259 | $937,442 | |
| ARDC | Ares Dynamic Credit Allocation Fund, Inc. | +12,843 | 37,654 | $457,872 | |
| VFL | abrdn National Municipal Income Fund | +12,809 | 153,715 | $1,531,001 | |
| OCSL | Oaktree Specialty Lending Corp | +11,183 | 22,787 | $257,493 | |
| MFM | Aberdeen Municipal Income Fund | +9,604 | 275,256 | $1,483,629 | |
| LIEN | Chicago Atlantic BDC, Inc. | +8,860 | 21,578 | $201,538 | |
| EFR | Eaton Vance Senior Floating-Rate Trust | +6,428 | 21,076 | $222,141 | |
| BTX | BlackRock Technology & Private Equity Term Trust | +6,359 | 21,983 | $145,087 | |
| NMAI | Nuveen Multi-Asset Income Fund | +6,038 | 62,830 | $779,092 | |
| CXE | Mfs High Income Municipal Trust | +5,428 | 274,770 | $1,019,396 | |
| WHF | WhiteHorse Finance, Inc. | +3,664 | 44,821 | $331,675 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NMFC | New Mountain Finance Corp | −563,351 | 22,719 | $176,299 | |
| NCDL | Nuveen Churchill Direct Lending Corp. | −459,847 | 92,957 | $1,182,413 | |
| CION | CION Investment Corp | −441,501 | 34,407 | $235,343 | |
| GBDC | GOLUB CAPITAL BDC, Inc. | −377,914 | 39,751 | $503,247 | |
| GSBD | Goldman Sachs BDC, Inc. | −373,412 | 42,334 | $375,925 | |
| BCSF | Bain Capital Specialty Finance, Inc. | −346,708 | 76,102 | $943,664 | |
| TRIN | Trinity Capital Inc. | −323,758 | 51,166 | $752,651 | |
| MSDL | Morgan Stanley Direct Lending Fund | −248,615 | 42,841 | $598,060 | |
| XFLT | XAI Floating Rate & Alternative Income Trust | −181,133 | 51,831 | $890,456 | |
| CCAP | Crescent Capital BDC, Inc. | −169,495 | 55,817 | $678,176 | |
| CGBD | Carlyle Secured Lending, Inc. | −156,650 | 98,785 | $1,080,707 | |
| BBDC | Barings BDC, Inc. | −153,600 | 39,847 | $327,940 | |
| MFIC | MidCap Financial Investment Corp | −150,019 | 33,873 | $380,732 | |
| ARCC | Ares Capital Corp | −144,476 | 26,446 | $476,556 | |
| RWAY | Runway Growth Finance Corp. | −84,541 | 56,500 | $388,155 | |
| CSWC | Capital Southwest Corp | −83,143 | 30,588 | $676,606 | |
| TCPC | BlackRock TCP Capital Corp. | −73,989 | 54,528 | $196,846 | |
| BXSL | Blackstone Secured Lending Fund | −58,703 | 30,986 | $734,058 | |
| KBDC | Kayne Anderson BDC, Inc. | −37,347 | 35,855 | $491,930 | |
| NZF | Nuveen Municipal Credit Income Fund | −34,738 | 35,149 | $428,114 | |
| TYG | Tortoise Energy Infrastructure Corp | −26,231 | 47,117 | $2,348,782 | |
| NPFD | Nuveen Variable Rate Preferred & Income Fund | −24,084 | 54,494 | $989,066 | |
| ASGI | abrdn Global Infrastructure Income Fund | −19,897 | 25,816 | $577,245 | |
| AOD | abrdn Total Dynamic Dividend Fund | −18,473 | 67,120 | $618,175 | |
| BCAT | BlackRock Capital Allocation Term Trust | −17,348 | 19,275 | $272,355 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| PNI | Pimco New York Municipal Income Fund II | 235,718 | $1,614,668 | |
| SPXX | Nuveen S&P 500 Dynamic Overwrite Fund | 32,232 | $517,968 | |
| FFC | Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC | 25,059 | $388,163 | |
| MYI | Blackrock Muniyield Quality Fund III, Inc. | 30,881 | $324,559 | |
| MYN | Blackrock Muniyield New York Quality Fund, Inc. | 26,234 | $251,846 | |
| CSQ | Calamos Strategic Total Return Fund | 12,663 | $216,790 | |
| MQY | Blackrock Muniyield Quality Fund, Inc. | 11,426 | $125,457 | |
| MLCI | Mount Logan Capital Inc. | 18,676 | $66,860 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
22 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| OBDC | Blue Owl Capital Corp | 370,782 | $4,608,820 | |
| SLRC | SLR Investment Corp. | 260,893 | $4,033,405 | |
| SAR | Saratoga Investment Corp. | 159,499 | $3,679,641 | |
| PSBD | Palmer Square Capital BDC Inc. | 220,334 | $2,685,871 | |
| PNNT | Pennantpark Investment Corp | 150,093 | $894,554 | |
| FDUS | FIDUS INVESTMENT Corp | 38,831 | $749,438 | |
| TSLX | Sixth Street Specialty Lending, Inc. | 34,249 | $743,888 | |
| GLAD | Gladstone Capital Corp | 26,694 | $551,498 | |
| DIAX | Nuveen Dow 30sm Dynamic Overwrite Fund | 34,829 | $531,490 | |
| PFLT | PennantPark Floating Rate Capital Ltd. | 30,683 | $284,431 | |
| IIM | Invesco Value Municipal Income Trust | 22,641 | $278,937 | |
| ASA | ASA Gold & Precious Metals Ltd | 4,217 | $251,628 | |
| ACP | abrdn Income Credit Strategies Fund | 43,953 | $237,785 | |
| TY | TRI-CONTINENTAL Corp | 6,338 | $206,999 | |
| NCV | Virtus Convertible & Income Fund | 11,835 | $179,300 | |
| NAD | Nuveen Quality Municipal Income Fund | 14,125 | $169,782 | |
| BXMX | Nuveen S&P 500 BuyWrite Income Fund | 10,353 | $152,189 | |
| NEA | Nuveen AMT-Free Quality Municipal Income Fund | 12,608 | $146,631 | |
| NRO | Neuberger Real Estate Securities Income Fund Inc | 45,529 | $138,408 | |
| BRW | Saba Capital Income & Opportunities Fund | 14,310 | $100,313 | |
| ZTR | Virtus Total Return Fund Inc. | 10,522 | $66,288 | |
| HIX | Western Asset High Income Fund II Inc. | 12,020 | $50,003 | |
| No positions match the current search. | ||||
158 positions ·
$96,026,579 total
· as of Mar 31, 2026
Showing 1–50
of 158 positions by value
· page 1 of 4
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| KYN |
Kayne Anderson Energy Infrastructure Fund, Inc.
Financial Services
|
Added | 302,713 | $4,322,741 | 4.50% | |
| BPRE |
Bluerock Private Real Estate Fund
Financial Services
|
Added | 178,276 | $2,961,164 | 3.08% | |
| TYG |
Tortoise Energy Infrastructure Corp
Financial Services
|
Reduced | 47,117 | $2,348,782 | 2.45% | |
| OTF |
Blue Owl Technology Finance Corp.
Financial Services
|
Added | 169,456 | $2,099,559 | 2.19% | |
| EOD |
Allspring Global Dividend Opportunity Fund
Financial Services
|
Reduced | 353,156 | $2,058,899 | 2.14% | |
| CPZ |
Calamos Long/Short Equity & Dynamic Income Trust
Financial Services
|
Reduced | 138,277 | $1,876,418 | 1.95% | |
| RFMZ |
RiverNorth Flexible Municipal Income Fund II, Inc.
Financial Services
|
Added | 141,623 | $1,791,530 | 1.87% | |
| SDHY |
PGIM Short Duration High Yield Opportunities Fund
Financial Services
|
Reduced | 106,492 | $1,706,001 | 1.78% | |
| MEGI |
NYLI CBRE Global Infrastructure Megatrends Term Fund
Financial Services
|
Added | 113,890 | $1,673,044 | 1.74% | |
| SABA |
Saba Capital Income & Opportunities Fund II
Financial Services
|
Added | 200,529 | $1,668,401 | 1.74% | |
| FSSL |
FS Specialty Lending Fund
|
Added | 130,980 | $1,638,559 | 1.71% | |
| DMA |
Destra Multi-Alternative Fund
Financial Services
|
Held | 200,829 | $1,628,723 | 1.70% | |
| GUG |
Guggenheim Active Allocation Fund
Financial Services
|
Reduced | 106,688 | $1,623,791 | 1.69% | |
| PNI |
Pimco New York Municipal Income Fund II
Financial Services
|
NEW | 235,718 | $1,614,668 | 1.68% | |
| FINS |
Angel Oak Financial Strategies Income Term Trust
Financial Services
|
Reduced | 120,700 | $1,538,925 | 1.60% | |
| VFL |
abrdn National Municipal Income Fund
Financial Services
|
Added | 153,715 | $1,531,001 | 1.59% | |
| MFM |
Aberdeen Municipal Income Fund
Financial Services
|
Added | 275,256 | $1,483,629 | 1.55% | |
| RA |
Brookfield Real Assets Income Fund Inc.
Financial Services
|
Added | 115,052 | $1,479,568 | 1.54% | |
| NML |
Neuberger Energy Infrastructure & Income Fund Inc.
Financial Services
|
Added | 139,373 | $1,464,810 | 1.53% | |
| FSCO |
FS Credit Opportunities Corp.
Financial Services
|
Reduced | 264,222 | $1,347,532 | 1.40% | |
| HFRO |
Highland Opportunities & Income Fund
Financial Services
|
Added | 235,324 | $1,343,700 | 1.40% | |
| BANX |
ArrowMark Financial Corp.
Financial Services
|
Added | 69,773 | $1,329,873 | 1.38% | |
| WIW |
Western Asset Inflation-Linked Opportunities & Income Fund
Financial Services
|
Added | 156,351 | $1,322,729 | 1.38% | |
| EMO |
ClearBridge Energy Midstream Opportunity Fund Inc.
Financial Services
|
Reduced | 22,852 | $1,207,042 | 1.26% | |
| NCDL |
Nuveen Churchill Direct Lending Corp.
Financial Services
|
Reduced | 92,957 | $1,182,413 | 1.23% | |
| CGBD |
Carlyle Secured Lending, Inc.
Financial Services
|
Reduced | 98,785 | $1,080,707 | 1.13% | |
| CXE |
Mfs High Income Municipal Trust
Financial Services
|
Added | 274,770 | $1,019,396 | 1.06% | |
| NPFD |
Nuveen Variable Rate Preferred & Income Fund
Financial Services
|
Reduced | 54,494 | $989,066 | 1.03% | |
| BCSF |
Bain Capital Specialty Finance, Inc.
Financial Services
|
Reduced | 76,102 | $943,664 | 0.98% | |
| PCQ |
Pimco California Municipal Income Fund
Financial Services
|
Added | 109,259 | $937,442 | 0.98% | |
| RLTY |
Cohen & Steers Real Estate Opportunities & Income Fund
Financial Services
|
Added | 64,351 | $935,663 | 0.97% | |
| XFLT |
XAI Floating Rate & Alternative Income Trust
Financial Services
|
Reduced | 51,831 | $890,456 | 0.93% | |
| DFP |
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc
Financial Services
|
Reduced | 44,000 | $883,080 | 0.92% | |
| PFO |
Flaherty & Crumrine PREFERRED & INCOME OPPORTUNITY FUND INC
Financial Services
|
Reduced | 94,733 | $856,386 | 0.89% | |
| BGX |
Blackstone Long-Short Credit Income Fund
Financial Services
|
Added | 75,639 | $824,465 | 0.86% | |
| JRS |
Nuveen Real Estate Income Fund
Financial Services
|
Added | 109,110 | $813,960 | 0.85% | |
| PGZ |
Principal Real Estate Income Fund
Financial Services
|
Reduced | 81,734 | $785,463 | 0.82% | |
| NMAI |
Nuveen Multi-Asset Income Fund
Financial Services
|
Added | 62,830 | $779,092 | 0.81% | |
| TBLD |
Thornburg Income Builder Opportunities Trust
Financial Services
|
Reduced | 35,863 | $758,323 | 0.79% | |
| TRIN |
Trinity Capital Inc.
Financial Services
|
Reduced | 51,166 | $752,651 | 0.78% | |
| FLC |
Flaherty & Crumrine Total Return Fund Inc
Financial Services
|
Held | 45,067 | $748,112 | 0.78% | |
| BXSL |
Blackstone Secured Lending Fund
Financial Services
|
Reduced | 30,986 | $734,058 | 0.76% | |
| JRI |
Nuveen Real Asset Income & Growth Fund
Financial Services
|
Reduced | 57,809 | $711,050 | 0.74% | |
| CCAP |
Crescent Capital BDC, Inc.
Financial Services
|
Reduced | 55,817 | $678,176 | 0.71% | |
| CSWC |
Capital Southwest Corp
Financial Services
|
Reduced | 30,588 | $676,606 | 0.70% | |
| HQH |
abrdn Healthcare Investors
Financial Services
|
Reduced | 38,015 | $676,286 | 0.70% | |
| AFB |
Alliancebernstein National Municipal Income Fund
Financial Services
|
Added | 62,678 | $670,027 | 0.70% | |
| LEO |
Bny Mellon Strategic Municipals, Inc.
Financial Services
|
Reduced | 104,718 | $658,676 | 0.69% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 1,701 | $629,659 | 0.66% | |
| AOD |
abrdn Total Dynamic Dividend Fund
Financial Services
|
Reduced | 67,120 | $618,175 | 0.64% |