CF

Closed-End Fund Advisors, Inc.

Diversified strategySector-focusedContrarian

Total reported value

$98.3M

Reporting period: 2026-03-31 · Number of holdings: 162

Closed-End Fund Advisors, Inc. disclosed 162 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $98.3M and a quarterly turnover rate of 73.1%.

Personality snowflake

Concentration
4.91
Portfolio Stability
73.11
Momentum/Contrarian
0
Sector conviction
100
Diversification
100
Sizing Uniformity
90.03

Recent moves

  • Trim NCDL

    -83.2%　-$6.2M

  • Trim NMFC

    -96.1%　-$5.2M

  • Trim GBDC

    -90.5%　-$5.2M

  • Add KYN

    +20.6%　$1.2M

  • Trim BCSF

    -82.0%　-$4.9M

  • Trim CION

    -92.8%　-$4.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1KYNKayne Anderson Energy InfraStock-Other4.40%+2.57%+20.64%
2BPREBluerock Private Real EstateStock-Financials3.01%+1.92%+45.36%
3TYGTortoise Energy InfrastructStock-Other2.39%+0.62%-35.76%
4OTFBlue Owl Technology FinanceStock-Other2.14%+1.74%+263.39%
5EODAllspring Global Dividend OpStock-Other2.10%—-1.47%
6CPZCalamos Lng/shrt Eqty & DynStock-Other1.91%—-2.33%
7RFMZRivernorth Flex Muni IiStock-Other1.82%—+15.47%
8SDHYPgim Shrt Durat Hi YldStock-Other1.74%—-6.09%
9MEGINyli Cbre Glbl Infr Mega TrmStock-Other1.70%+1.04%+40.70%
10SABASaba Capital Income & Opp IiStock-Other1.70%—+7.65%
11FSSLFs Specialty Lending FundStock-Other1.67%+1.34%+233.78%
12DMADestra Multi-alternativeStock-Other1.66%——
13GUGGuggenheim Active AllocationStock-Other1.65%—-3.36%
14PNIPimco Ny Muni INC Ii FndStock-Other1.64%+1.64%NEW
15FINSAngel Oak Financ Strat INCStock-Other1.57%—-0.47%
16VFLAbrdn National Municipal INCStock-Other1.56%—+9.09%
17MFMAberdeen Municipal IncomeStock-Other1.51%—+3.62%
18RABrookfield Real Assets IncomStock-Other1.51%—+1.90%
19NMLNeuberger Energy InfrastructStock-Other1.49%+0.90%+17.95%
20FSCOFs Credit Opportunities CORPStock-Other1.37%+0.35%-3.72%
21HFROHighland Opport & IncomeStock-Other1.37%—+0.08%
22BANXArrowmark Financial CORPStock-Other1.35%—+0.63%
23WIWWestern Asst Infl-lnk OppStock-Other1.35%—+12.93%
24EMOClearbridge Energy MidstreamStock-Other1.23%—-1.93%
25NCDLNuveen Churchill Direct LendStock-Other1.20%-3.16%-83.18%
26CGBDCarlyle Secured Lending INCStock-Other1.10%-0.78%-61.33%
27XCXEXMfs High Income Municipal TrStock-Other1.04%—+2.02%
28NPFDNuveen Var Rt Pref & INCStock-Other1.01%+0.13%-30.65%
29BCSFBain Capital Specialty FinanStock-Other0.96%-2.51%-82.00%
30XPCQXPimco California Muni INC FdStock-Other0.95%—+13.39%
31RLTYCohen & Steers Rl Est OpprtStock-Other0.95%—+2.52%
32XFLTXai Fltng Rte&alt INC Trs-uiStock-Other0.91%+0.91%NEW
33DFPFlaherty & Crumrine Dyn PrefStock-Other0.90%—-2.25%
34PFOFlaherty & Crumrine P&i OppStock-Other0.87%—-1.55%
35BGXBlackstone Long-short CreditStock-Other0.84%—+0.45%
36JRSNuveen Real Estate IncomeStock-Other0.83%—+0.43%
37PGZPrincipal Real Estate IncomeStock-Other0.80%—-1.05%
38MINTPimco Enhanced Short MaturitETF-Other0.79%—-19.77%
39NMAINuveen Multi-asset IncomeStock-Other0.79%—+10.63%
40PBDCPutnam Bdc Income ETFETF-Other0.79%—-1.52%
41TBLDThornburg Income Builder OppStock-Other0.77%—-8.11%
42TRINTrinity Capital INCStock-Other0.77%-2.47%-86.35%
43FLCFlaherty & Crumrine Ttl RtrnStock-Other0.76%——
44BXSLBlackstone Secured Lending FStock-Financials0.75%-0.64%-65.45%
45JRINuveen Real Asset INC & GrwStock-Other0.72%—-10.92%
46CCAPCrescent Capital Bdc INCStock-Other0.69%-1.18%-75.23%
47CSWCCapital Southwest CORPStock-Other0.69%-0.80%-73.11%
48HQHAbrdn Healthcare InvestorsStock-Other0.69%—-4.01%
49AFBAllianceberstein Ntl MuniStock-Other0.68%+0.47%+91.06%
50LEOBny Mellon Strategic MuniStock-Other0.67%—-0.88%
1–50 of 162

Holding changes this quarter

Closed-End Fund Advisors, Inc.'s most significant position changes for 2026-03-31: Sold out: Blue Owl Capital CORP (OBDC); Sold out: Slr Investment CORP (SLRC); Sold out: Saratoga Investment CORP (SAR); Sold out: Palmer Square Capital Bdc In (PSBD); New buy: Pimco Ny Muni INC Ii Fnd (PNI).

Position changes disclosed by Closed-End Fund Advisors, Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1KYNKayne Anderson Energy Infra+2.6%+20.64%Add
2BPREBluerock Private Real Estate+1.9%+45.36%Add
3OTFBlue Owl Technology Finance+1.7%+263.39%Add
4FSSLFs Specialty Lending Fund+1.3%+233.78%Add
5MEGINyli Cbre Glbl Infr Mega Trm+1%+40.70%Add
6NMLNeuberger Energy Infrastruct+0.9%+17.95%Add
7TYGTortoise Energy Infrastruct+0.6%-35.76%Trim
8MHDBlackrock Muniholdings Fund+0.5%+397.76%Add
9AFBAllianceberstein Ntl Muni+0.5%+91.06%Add
10FMNFederated Herm Prem Muni INC+0.4%+100.03%Add
11FSCOFs Credit Opportunities CORP+0.4%-3.72%Trim
12NPFDNuveen Var Rt Pref & INC+0.1%-30.65%Trim
13ASGIAbrdn Global Infrastructure0%-43.53%Trim
14NZFNuveen Municipal Credit INC-0.1%-49.71%Trim
15KBDCKayne Anderson Bdc INC-0.1%-51.02%Trim
16TCPCBlackrock Tcp Capital CORP-0.2%-57.57%Trim
17RWAYRunway Growth Finance CORP-0.3%-59.94%Trim
18BXSLBlackstone Secured Lending F-0.6%-65.45%Trim
19BBDCBarings Bdc INC-0.7%-79.40%Trim
20CGBDCarlyle Secured Lending INC-0.8%-61.33%Trim
21CSWCCapital Southwest CORP-0.8%-73.11%Trim
22MFICMidcap Financial Investment-0.9%-81.58%Trim
23CCAPCrescent Capital Bdc INC-1.2%-75.23%Trim
24ARCCAres Capital CORP-1.6%-84.53%Trim
25GSBDGoldman Sachs Bdc INC-1.9%-89.82%Trim
26MSDLMorgan Stanley Direct Lendin-2.2%-85.30%Trim
27TRINTrinity Capital INC-2.5%-86.35%Trim
28CIONCion Investment CORP-2.5%-92.77%Trim
29BCSFBain Capital Specialty Finan-2.5%-82.00%Trim
30GBDCGolub Capital Bdc INC-2.8%-90.48%Trim
31NMFCNew Mountain Finance CORP-3%-96.12%Trim
32NCDLNuveen Churchill Direct Lend-3.2%-83.18%Trim
33OBDCBlue Owl Capital CORP—EXITSold out
34SLRCSlr Investment CORP—EXITSold out
35SARSaratoga Investment CORP—EXITSold out
36PSBDPalmer Square Capital Bdc In—EXITSold out
37PNIPimco Ny Muni INC Ii Fnd—NEWNew buy
38✓ Xai Octagn Flt Rat & Alt Inm—EXITSold out
39PNNTPennantpark Investment CORP—EXITSold out
40XFLTXai Fltng Rte&alt INC Trs-ui—NEWNew buy
41FDUSFidus Investment CORP—EXITSold out
42TSLXSixth Street Specialty Lendi—EXITSold out
43GLADGladstone Capital CORP—EXITSold out
44XDIAXNuveen Dow 30 Dynamic Overwr—EXITSold out
45XSSPXNuveen S&p 500 Dynam Overwr—NEWNew buy
46XFFCXFlaherty & Crumrine Pref INC—NEWNew buy
47MYIBlackrock Muniyield Qlty Iii—NEWNew buy
48PFLTPennantpark Floating Rate Ca—EXITSold out
49IIMInvesco Value Municipal Inco—EXITSold out
50FBDCFt Conf Bdc ETF—EXITSold out

FAQ

What is Closed-End Fund Advisors, Inc. and what type of investor is it?
Closed-End Fund Advisors, Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $98.3M, spread across 162 disclosed positions.
What are Closed-End Fund Advisors, Inc.'s largest equity positions?
Based on the latest 13F filing, Closed-End Fund Advisors, Inc.'s top holdings by market value are: 1. Kayne Anderson Energy Infra (KYN) — $4.3M (4.4%) 2. Bluerock Private Real Estate (BPRE) — $3.0M (3.0%) 3. Tortoise Energy Infrastruct (TYG) — $2.3M (2.4%) 4. Blue Owl Technology Finance (OTF) — $2.1M (2.1%) 5. Allspring Global Dividend Op (EOD) — $2.1M (2.1%)
What changes did Closed-End Fund Advisors, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Closed-End Fund Advisors, Inc. made 50 notable position adjustments: 5 new positions were initiated, 9 existing holdings were added to, 23 positions were partially reduced, and 13 were completely exited. The largest of these moves: Sold out: Blue Owl Capital CORP (OBDC); Sold out: Slr Investment CORP (SLRC); Sold out: Saratoga Investment CORP (SAR); Sold out: Palmer Square Capital Bdc In (PSBD); New buy: Pimco Ny Muni INC Ii Fnd (PNI)
What sectors does Closed-End Fund Advisors, Inc. focus on?
Closed-End Fund Advisors, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 77.3% • Health Care: 9.2% • Information Technology: 9.0% • Consumer Discretionary: 4.5%