Shaker Financial Services, LLC

RIA/Wealth

Shaker Financial Services, LLC is a RIA/Wealth based in Annapolis, MD led by Kathryn Shaker Baummer, managing $291.6M across 148 long positions as of Q3 2025 with 90% Unknown concentration and minimal technology exposure.

PartnerKathryn Shaker Baummer

Portfolio Value: $291.6M
Positions: 148
Top Holding: CSQ at 3.29%
Last Reported: Q3 2025

Address1997 Annapolis Exchange Parkway, Suite 300-349, Annapolis, MD, 21401, United States

Top Holdings

Largest long holdings in Shaker Financial Services, LLC's portfolio (25.6% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Calamos Strategic Total Return CSQ	Asset Management Financial Services	$9.6M	3.29%	+$2.0M Bought	0.31% 497.0K shares	Q4 2021 Held for 3y 11m
2 RMT Royce Micro-Cap Trust RMT	Unknown Unknown	$9.4M	3.24%	-$1.2M Sold	— 909.1K shares	Q4 2022 Held for 2y 11m
3 JCE Nuveen Core Equity Alpha Fund JCE	Unknown Unknown	$8.7M	2.97%	+$196.5K Bought	— 540.2K shares	Q1 2014 Held for 11y 8m
4 USA Liberty All-Star Equity Fund USA	Unknown Unknown	$8.3M	2.84%	+$3.2M Bought	— 1.3M shares	Q4 2022 Held for 2y 11m
5 ETB Eaton Vance Tax-Managed Buy-Write Income Fund ETB	Unknown Unknown	$7.4M	2.54%	-$665.4K Sold	— 493.6K shares	Q1 2023 Held for 2y 8m
6 ASG Liberty All-Star Growth Fund ASG	Unknown Unknown	$7.3M	2.50%	-$145.4K Sold	— 1.3M shares	Q4 2022 Held for 2y 11m
7 CET Central Securities Corp. CET	Unknown Unknown	$6.8M	2.34%	-$4.0M Sold	— 132.9K shares	Q4 2022 Held for 2y 11m
8 Calamos Global Dynamic Income Fund CHW	Asset Management - Income Financial Services	$6.2M	2.13%	-$128.0K Sold	1.29% 824.5K shares	Q3 2022 Held for 3y 2m
9 SPE Special Opportunities Fund SPE	Unknown Unknown	$5.5M	1.89%	+$1.4M Bought	— 354.7K shares	Q4 2022 Held for 2y 11m
10 ADX Adams Diversified Equity Fund ADX	Unknown Unknown	$5.3M	1.81%	+$5.3M Bought	— 237.0K shares	Q4 2022 Held for 2y 11m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Shaker Financial Services, LLC's latest filing

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GthenC

Market Value

$291.6M

Prior: $275.8M

Q/Q Change

+5.75%

+$15.8M

Net Flows % of MV

-6.66%

Turnover Ratio

23.64%

New Purchases

0 stocks

Added To

66 stocks

+$48.6M

Sold Out Of

24 stocks

$25.2M

Reduced Holdings

48 stocks

-$42.8M

Increased Positions

Position	Shares Δ	Change
1 SPDR S&P 500 ETF Trust SPY	+739.07%	558.0 → 4.7K +$2.8M
2 FOF Cohen & Steers Closed End Opportunity Fund FOF	+702.05%	14.2K → 113.5K +$1.3M
3 ETG Eaton Vance Tax-Advantaged Global Dividend Income Fund ETG	+540.55%	25.5K → 163.4K +$2.9M
4 abrdn Life Sciences Investors HQL	+536.8%	31.1K → 197.8K +$2.6M
5 Columbia Seligman Premium Technology Growth Fund STK	+520.69%	13.0K → 80.6K +$2.4M

Decreased Positions

Position	Shares Δ	Change
1 GAM General American Investors Company GAM	Sold	109.8K → 0 −$6.2M
2 BME Blackrock Health Sciences Trust BME	Sold	224.5K → 0 −$3.2M
3 Barings Global Short Duration High Yield Fund BGH	Sold	174.6K → 0 −$2.7M
4 FCT First Trust Senior Floating Rate Income Fund II FCT	Sold	166.1K → 0 −$1.7M
5 ARDC Ares Dynamic Credit Allocation Fund ARDC	Sold	106.8K → 0 −$1.5M