Shaker Financial Services, LLC
Shaker Financial Services, LLC is an independent registered investment adviser headquartered in Milwaukee, Wisconsin, United States. The firm offers investment management services primarily using a proprietary quantitative approach focused on closed-end fund strategies. Founded in 1996, Shaker Financial Services serves individuals and institutional clients seeking to pursue their financial goals through actively managed investment strategies. The firm claims compliance with the Global Investment Performance Standards (GIPS®) and provides performance and verification reporting upon request. Employee count is not publicly disclosed.
Investment Strategy
Shaker Financial Services primarily manages portfolios using the Discount Capture Strategy focused on closed-end funds. The core approach is to invest in closed-end funds trading at discounts to their net asset value, capitalizing on opportunities when discounts narrow. The composite typically uses margin accounts to enable additional long positions, with overall leverage between 5% and 20%. Portfolios are diversified across asset classes and benchmarked to indices that reflect balanced, moderate risk allocation. The strategy is quantitative and disciplined, seeking to enhance returns through systematic discount capture while including risk controls and periodic performance review.
Top Holdings
Equity Positions (143)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CSQ | CALAMOS STRATEGIC TOTAL RETU | 3.29% | $9.6M | 497,014 | $17.11 | $19.29 | +$2.4M |
R RMT | ROYCE MICRO-CAP TR INC | 3.24% | $9.4M | 909,058 | $9.04 | $10.39 | -$5.8K |
J JCE | NUVEEN CORE EQUITY ALPHA FD | 2.97% | $8.7M | 540,238 | $15.32 | $15.73 | +$316.7K |
U USA | LIBERTY ALL STAR EQUITY FD | 2.84% | $8.3M | 1,307,623 | $6.63 | $6.34 | +$2.8M |
E ETB | EATON VANCE TAX MNGED BUY WR | 2.54% | $7.4M | 493,646 | $13.53 | $15.00 | -$364.1K |