Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$157M in Q2 2013 → $326M now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Fs Specialty Lending Fund | 9.9% | Added 3.3% | 2,900,663 | $32.3M |
| PD Pimco Dynamic Income Strategy Fund | 7.0% | Trimmed 13% | 1,095,075 | $22.8M |
| FC Fs Credit Opportunities Corp | 6.0% | Added 6.6% | 3,921,573 | $19.6M |
| HF Highland Floating Rate Opportunities Fund | 5.9% | Trimmed 1.4% | 2,676,474 | $19.1M |
| GS Guggenheim Strategic Opp Fund | 4.5% | Added 32% | 1,336,680 | $14.6M |
| Herzfeld Credit Income Fund, Inc. | 4.3% | Added 1.3% | 817,534 | $14.1M |
| Pershing Square Usa Ltd | 3.3% | New | 285,421 | $10.7M |
| SC Saba Capital Income & Opport | 3.1% | Added 9.0% | 1,544,694 | $10.1M |
| SC Suro Capital Corp | 3.0% | Added 2325% | 788,403 | $9.89M |
| EP Eagle Pointe Income Company | 2.8% | Added 128% | 897,140 | $9.03M |
| NF Nuveen Floating Rate Income | 2.6% | Added 56% | 1,111,921 | $8.53M |
| SC Saba Capital Income & Opport Ii | 2.3% | Added 15% | 891,603 | $7.44M |
| Columbia Seligman Premium Technology Growth Fund | 2.1% | Added 95% | 129,150 | $6.96M |
| PD Pimco Dynamic Income Fd | 2.0% | Added 151% | 388,727 | $6.49M |
| Duff & Phelps Utility And Infrastructure Fund Inc. | 1.6% | Trimmed 7.9% | 360,644 | $5.35M |
| BS Blackrock Science And Technology Trust Ii | 1.5% | Added 101% | 166,033 | $4.99M |
| BR Brookfield Real Assets Incom | 1.5% | Added 8.4% | 369,085 | $4.75M |
| BT Blackrock Tech And Private Eq | 1.4% | Added 84% | 515,402 | $4.65M |
| The Taiwan Fund Inc | 1.4% | Added 15% | 47,520 | $4.57M |
| PA Pimco Access Income Fund | 1.4% | Trimmed 29% | 311,965 | $4.54M |
| TE Tortoise Energy Infra Corp | 1.3% | New | 100,275 | $4.3M |
| BP Bluerock Private Real Estate Fund | 1.2% | Trimmed 16% | 303,336 | $3.95M |
| KA Kayne Anderson Energy Infrst | 1.2% | Added 18% | 276,097 | $3.82M |
| The Korea Fund Inc | 1.2% | Added 13014% | 49,834 | $3.75M |
| CE Clearbridge Energy Midstrm O | 1.1% | Added 24% | 73,130 | $3.66M |
| NB Neuberger Berman Mlp Income Fund Inc | 1.1% | Added 9.0% | 352,764 | $3.58M |
| Blackrock Energy And Resources Trust | 1.1% | Added 31% | 238,075 | $3.53M |
| XO Xai Octagn Flt Rat & Alt Inm | 1.1% | Added 234% | 198,688 | $3.49M |
| Asa Gold And Precious Metals Ltd | 1.1% | Trimmed 47% | 66,761 | $3.47M |
| NN Nxg Nextgen Intrastruacture Inc Fund | 1.1% | New | 53,297 | $3.45M |
| CC Calamos Conv & High Income Fund | 1.0% | New | 245,638 | $3.35M |
| RF Rivernorth Flexible Mun Income Fund Ii, Inc. | 1.0% | Added 6.1% | 243,641 | $3.32M |
| Virtus Convertible & Income Fund Ii | 1.0% | New | 205,874 | $3.27M |
| Virtus Convertible & Income Fund | 1.0% | New | 185,909 | $3.27M |
| PC Pimco Corporate & Income Opp Fund | 0.9% | Added 1.0% | 252,532 | $3.04M |
| C& Cohen & Steers Limited Duration Preferred And Income Fund, Inc. | 0.9% | Added 33% | 137,739 | $2.91M |
| AO Angel Oak Final Strategies Incm Trm Trst | 0.9% | Added 15% | 222,390 | $2.85M |
| BR Blackrock Res & Commodities Strat Trust | 0.8% | Added 10% | 238,622 | $2.7M |
| PG Pgim Global Short Duration High Yield Fund, Inc. | 0.8% | New | 215,331 | $2.61M |
| Blackrock Credit Allocation Income Trust | 0.8% | New | 245,318 | $2.51M |
| PS Pgim Short Dur Hig Yld Opp F | 0.7% | Added 22% | 138,168 | $2.26M |
| General American Investors Co Inc | 0.6% | Trimmed 2.2% | 31,935 | $2.04M |
| NC Nyli Cbre Gbl Infr Megtrnds | 0.6% | Trimmed 0.8% | 129,641 | $1.97M |
| MM Mfs Municipal Income Trust | 0.6% | Added 459% | 345,429 | $1.94M |
| B/ Blackstone / Gso Long-short Credit Income Fund | 0.6% | Added 50% | 177,105 | $1.93M |
| AD Ares Dynamic Cr Allocation Fund | 0.6% | New | 150,623 | $1.9M |
| TI Thornburg Incm Builder Opp Tr | 0.5% | Added 16% | 80,479 | $1.78M |
| PC Pimco Calif Mun Income Fund | 0.5% | Added 134% | 185,469 | $1.66M |
| Pimco New York Municipal Income Fund Ii | 0.5% | Added 208% | 231,370 | $1.64M |
| EL Exchange Listed Fds Tr | 0.5% | Trimmed 4.0% | 62,053 | $1.59M |
| Blackrock Municipal 2030 Target Term Trust | 0.4% | Added 15% | 56,610 | $1.29M |
| BS Blackstone Strategic Cred 20 | 0.4% | New | 112,665 | $1.27M |
| BM Bny Mellon Strategic Mun Bd | 0.4% | Added 19% | 195,902 | $1.2M |
| RF Rivernorth Flexible Mun Income | 0.4% | New | 79,341 | $1.17M |
| BM Blackrock Muniholdings Fd In | 0.3% | New | 86,578 | $1.03M |
| NM Nyli Mackay Defined Term Muni | 0.3% | Added 37% | 60,688 | $941K |
| PD Pimco Dynamic Income Oprnts | 0.3% | Unchanged | 66,751 | $882K |
| Nuveen Mortgage And Income Fund | 0.2% | Trimmed 38% | 44,897 | $785K |
| FH Federated Hermes Prem Muni I | 0.2% | New | 66,149 | $760K |
| Neuberger Municipal Fund Inc. | 0.2% | New | 71,978 | $759K |
Showing top 60 of 129 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 10, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PT Proshares Tr | Exited | −796,652 | −$12.3M | — |
| Pershing Square Usa Ltd | New | +285,421 | +$10.7M | 3.3% |
| SC Suro Capital Corp | Added | +755,885 | +$9.48M | 3.0% |
| PU Proshares Ultrashort S&P500 | Exited | −108,584 | −$8.17M | — |
| SE Simplify Exchange Traded Fun | Exited | −117,701 | −$5.43M | — |
| EP Eagle Pointe Income Company | Added | +503,140 | +$5.07M | 2.8% |
| TE Tortoise Energy Infra Corp | New | +100,275 | +$4.3M | 1.3% |
| PD Pimco Dynamic Income Fd | Added | +233,867 | +$3.91M | 2.0% |
| IT Ishares Tr | Trimmed | −74,999 | −$3.8M | 0.1% |
| The Korea Fund Inc | Added | +49,454 | +$3.72M | 1.2% |
Showing the 10 largest of 132 changes.
quarter ended March 31, 2026 · filed May 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Herzfeld Credit Income Fund | Exited | −5,841,928 | −$13M | — |
| Herzfeld Credit Income Fund, Inc. | New | +807,215 | +$12.5M | 4.3% |
| PT Proshares Tr | New | +796,652 | +$12.3M | 4.2% |
| Fs Specialty Lending Fund | Added | +757,861 | +$9.48M | 11.9% |
| FC Fs Credit Opportunities Corp | Added | +1,780,154 | +$9.08M | 6.4% |
| BP Bluerock Private Real Estate Fund | Trimmed | −492,275 | −$8.18M | 2.0% |
| PU Proshares Ultrashort S&P500 | New | +108,584 | +$8.17M | 2.8% |
| SC Saba Capital Income & Opport Ii | Trimmed | −815,574 | −$6.79M | 2.2% |
| NN Neuberger Next Generation | Exited | −412,390 | −$5.95M | — |
| BR Brookfield Real Assets Incom | Trimmed | −431,626 | −$5.55M | 1.5% |
Showing the 10 largest of 120 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FS Fs Specialty Lending Fd | New | +2,050,866 | +$29M | 9.8% |
| BP Bluerock Pvt Real Estate Fd | New | +854,779 | +$12.8M | 4.3% |
| GS Guggenheim Strategic Opportu | New | +927,245 | +$11.9M | 4.0% |
| PE Pgim ETF Tr | Exited | −205,593 | −$10.6M | — |
| SE Simplify Exchange Traded Fun | Exited | −191,613 | −$9.23M | — |
| F& Flaherty & Crumrine Pfd Secs | Exited | −382,783 | −$6.47M | — |
| FC Fs Credit Opportunities Corp | Added | +936,272 | +$5.9M | 4.0% |
| NV Nuveen Vriabl Rat Pfd & Inm | Exited | −261,335 | −$5.22M | — |
| IT Ishares Tr | Trimmed | −103,050 | −$5.2M | 0.1% |
| PD Pimco Dynamic Income Strateg | Trimmed | −264,170 | −$4.96M | 8.3% |
Showing the 10 largest of 101 changes.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FC Fs Credit Opportunities Corp | Trimmed | −2,260,297 | −$15.6M | 2.3% |
| PE Pgim ETF Tr | New | +205,593 | +$10.6M | 3.6% |
| SE Simplify Exchange Traded Fun | New | +191,613 | +$9.23M | 3.2% |
| PT Proshares Tr | Exited | −573,034 | −$8.94M | — |
| CS Cornerstone Strategic Value Fund Inc | Trimmed | −1,065,427 | −$8.82M | — |
| Asa Gold And Precious Metals Ltd | Added | +169,030 | +$7.74M | 2.8% |
| SC Saba Capital Income & Opport | Added | +728,552 | +$5.66M | 3.1% |
| PD Pimco Dynamic Income Oprnts | New | +318,125 | +$4.49M | 1.5% |
| OL Oxford Lane Cap Corp | New | +227,872 | +$3.86M | 1.3% |
| CE Clearbridge Energy Midstrm O | Exited | −73,828 | −$3.54M | — |
Showing the 10 largest of 106 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SC Suro Capital Corp | Trimmed | −1,449,726 | −$11.9M | 0.8% |
| Prospect Capital Corporation | Exited | −2,315,582 | −$9.49M | — |
| PT Proshares Tr | New | +573,034 | +$8.94M | 3.2% |
| CS Cornerstone Strategic Value Fund Inc | Added | +986,074 | +$8.01M | 3.1% |
| XO Xai Octagn Flt Rat & Alt Inm | Exited | −1,258,025 | −$7.43M | — |
| PU Proshares Ultrashort S&P50 | Added | +364,897 | +$6.08M | 2.5% |
| Srh Total Return Fund Inc | Added | +325,365 | +$5.75M | 2.1% |
| IT Ishares Tr | Added | +104,220 | +$5.28M | 2.0% |
| Duff & Phelps Utility And Infrastructure Fund Inc. | New | +318,277 | +$3.95M | 1.4% |
| Nuveen Credit Strategies Income Fund | New | +676,389 | +$3.65M | 1.3% |
Showing the 10 largest of 130 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| HC The Herzfeld Caribbean Basin Fund Inc | Added | +3,546,303 | +$9.47M | 5.5% |
| NV Nuveen Vriabl Rat Pfd & Inm | Trimmed | −230,044 | −$4.32M | 2.6% |
| NF Nuveen Floating Rate Income | Added | +504,309 | +$4.27M | 3.4% |
| PD Pimco Dynamic Income Strategy Fund | Added | +148,469 | +$3.64M | 13.7% |
| BC Blackrock Cap Allocation Tr | Trimmed | −211,656 | −$3.05M | — |
| EV Eaton Vance Tax-managed Glob | Exited | −326,929 | −$2.67M | — |
| PH Playa Hotels & Resorts Nv | Exited | −202,058 | −$2.56M | — |
| EL Exchange Listed Fds Tr | Added | +119,518 | +$2.55M | 1.0% |
| SC Saba Capital Income & Opport | Added | +264,620 | +$2.3M | 5.0% |
| Norwegian Cruise Line Holdings Ltd | Trimmed | −119,000 | −$2.26M | 0.6% |
Showing the 10 largest of 136 changes.
quarter ended December 31, 2024 · filed February 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| HI High Income Secs Fd Shs | Exited | −1,574,349 | −$10.8M | — |
| Prospect Capital Corporation | New | +1,828,411 | +$7.88M | 2.5% |
| SC Saba Capital Income & Opport | Added | +866,503 | +$7.85M | 4.2% |
| FC Fs Credit Opportunities Corp | Trimmed | −1,055,109 | −$7.2M | 7.1% |
| XO Xai Octagn Flt Rat & Alt Inm | New | +1,036,151 | +$6.88M | 2.2% |
| CS Cornerstone Strategic Value Fund Inc | Trimmed | −584,439 | −$5.02M | 0.5% |
| NP Nuveen Pfd & Income Opportun | Exited | −563,822 | −$4.55M | — |
| BR Brookfield Real Assets Incom | Added | +285,513 | +$3.8M | 2.5% |
| TP Tortoise Pwr & Energy Infras | Exited | −167,772 | −$3.04M | — |
| SE Simplify Exchange Traded Fun | New | +53,202 | +$2.78M | 0.9% |
Showing the 10 largest of 132 changes.
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| HI High Income Secs Fd Shs | Added | +1,444,691 | +$9.87M | 3.6% |
| FC Fs Credit Opportunities Corp | Added | +664,898 | +$4.22M | 9.1% |
| NP Nuveen Pfd & Income Opportun | Trimmed | −486,730 | −$3.93M | 1.5% |
| F& Flaherty & Crumrine Pfd Secs | New | +229,127 | +$3.76M | 1.3% |
| CS Cornerstone Strategic Value Fund Inc | Trimmed | −367,044 | −$2.82M | 1.9% |
| KA Kayne Anderson Energy Infrst | New | +245,557 | +$2.7M | 0.9% |
| Adams Natural Resources Fund Inc | Trimmed | −105,628 | −$2.45M | — |
| Tortoise Pipeline & Energy Fund, Inc. | Trimmed | −53,537 | −$2.26M | — |
| TE Tortoise Energy Infra Corp | Added | +52,769 | +$2.07M | 1.3% |
| BM Bny Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. | Exited | −222,344 | −$1.97M | — |
Showing the 10 largest of 207 changes.
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