# Claybrook Capital, LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1729848. Source: https://holderbook.com/funds/1729848-claybrook-capital-llc/

- Reported value: $174.8M
- Positions: 138
- Weight of the ten largest: 34.0%
- Filed: 2023-10-24

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $16.4M | 38,321 | 9.4% | 20 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $9.3M | 26,054 | 5.3% | 20 |
| NUVEEN NY AMT FREE | [NRK](https://holderbook.com/stocks/NRK/) | $7.5M | 792,367 | 4.3% | 9 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $5.1M | 120,458 | 2.9% | 11 |
| NUVEEN NY DIVI ADV | [NAN](https://holderbook.com/stocks/NAN/) | $4.7M | 486,078 | 2.7% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.8M | 10,980 | 2.2% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.6M | 28,050 | 2.0% | 20 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $3.1M | 222,298 | 1.8% | 9 |
| BLACKROCK MUNIYIELD N Y QUAL | [MYN](https://holderbook.com/stocks/MYN/) | $3.1M | 348,250 | 1.8% | 9 |
| LADDER CAP CORP | [LADR](https://holderbook.com/stocks/LADR/) | $2.8M | 271,781 | 1.6% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $2.7M | 29,423 | 1.6% | 9 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $2.7M | 35,300 | 1.5% | 9 |
| BLACKROCK MUNIHLDGS NY QLTY | [MHN](https://holderbook.com/stocks/MHN/) | $2.7M | 292,141 | 1.5% | 9 |
| PIMCO NEW YORK MUN INCOME FD | [PNF](https://holderbook.com/stocks/PNF/) | $2.5M | 397,400 | 1.4% | 9 |
| NUVEEN AMT FREE QLTY MUN INC | [NEA](https://holderbook.com/stocks/NEA/) | $2.4M | 248,583 | 1.4% | 20 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $2.4M | 119,643 | 1.3% | 9 |
| STARWOOD PPTY TR INC | [STWD](https://holderbook.com/stocks/STWD/) | $2.3M | 120,192 | 1.3% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.3M | 7,335 | 1.3% | 20 |
| ESSENTIAL PPTYS RLTY TR INC | [EPRT](https://holderbook.com/stocks/EPRT/) | $2.3M | 106,758 | 1.3% | 9 |
| NUVEEN PFD & INCOME OPPORTUN | [JPC](https://holderbook.com/stocks/JPC/) | $2.3M | 357,226 | 1.3% | 9 |
| PIMCO MUN INCOME FD II | [PML](https://holderbook.com/stocks/PML/) | $2.2M | 280,187 | 1.2% | 9 |
| PROSHARES TR | [PSQXXXX](https://holderbook.com/stocks/PSQXXXX/) | $2.1M | 195,350 | 1.2% | 4 |
| READY CAPITAL CORP | [RC](https://holderbook.com/stocks/RC/) | $2.1M | 206,637 | 1.2% | 9 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $2.1M | 7,950 | 1.2% | 15 |
| INVESCO QUALITY MUN INCOME T | [IQI](https://holderbook.com/stocks/IQI/) | $2.1M | 244,543 | 1.2% | 9 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.9M | 10,010 | 1.1% | 15 |
| BLACKROCK MUNIVEST FD INC | [MVF](https://holderbook.com/stocks/MVF/) | $1.9M | 312,220 | 1.1% | 9 |
| KKR REAL ESTATE FIN TR INC | [KREF](https://holderbook.com/stocks/KREF/) | $1.8M | 154,116 | 1.0% | 9 |
| OAKTREE SPECIALTY LENDING | [OCSL](https://holderbook.com/stocks/OCSL/) | $1.8M | 90,468 | 1.0% | 3 |
| PIMCO NEW YORK MUN FD II | [PNI](https://holderbook.com/stocks/PNI/) | $1.8M | 281,593 | 1.0% | 9 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.7M | 104,000 | 1.0% | 9 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.7M | 9,785 | 1.0% | 10 |
| ARBOR REALTY TRUST INC | [ABR](https://holderbook.com/stocks/ABR/) | $1.7M | 108,877 | 0.9% | 5 |
| NUVEEN AMT FREE MUN CR INC F | [NVG](https://holderbook.com/stocks/NVG/) | $1.7M | 160,147 | 0.9% | 9 |
| REAVES UTIL INCOME FD | [UTG](https://holderbook.com/stocks/UTG/) | $1.6M | 66,212 | 0.9% | 5 |
| PENNANTPARK INVT CORP | [PNNT](https://holderbook.com/stocks/PNNT/) | $1.6M | 246,312 | 0.9% | 9 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.6M | 5,600 | 0.9% | 12 |
| INVESCO TR INVT GRADE NEW YO | [VTN](https://holderbook.com/stocks/VTN/) | $1.6M | 170,381 | 0.9% | 9 |
| NUVEEN MUN CR INCOME FD | [NZF](https://holderbook.com/stocks/NZF/) | $1.5M | 148,183 | 0.9% | 9 |
| XAI OCTAGN FLT RAT & ALT INM | [XFLT](https://holderbook.com/stocks/XFLT/) | $1.5M | 214,393 | 0.9% | 9 |
| ETFIS SER TR I | [PFFA](https://holderbook.com/stocks/PFFA/) | $1.4M | 72,115 | 0.8% | 9 |
| ONEMAIN HLDGS INC | [OMF](https://holderbook.com/stocks/OMF/) | $1.4M | 34,391 | 0.8% | 3 |
| TRIPLEPOINT VENTURE GROWTH B | [TPVG](https://holderbook.com/stocks/TPVG/) | $1.3M | 121,240 | 0.7% | 9 |
| ARES COML REAL ESTATE CORP | [ACRE](https://holderbook.com/stocks/ACRE/) | $1.2M | 129,913 | 0.7% | 9 |
| APOLLO COML REAL ESTATE FIN | [ARI](https://holderbook.com/stocks/ARI/) | $1.2M | 121,855 | 0.7% | 9 |
| MFS HIGH YIELD MUN TR | [CMU](https://holderbook.com/stocks/CMU/) | $1.2M | 382,584 | 0.7% | 9 |
| BLACKSTONE MORTGAGE TRUST IN | [BXMT](https://holderbook.com/stocks/BXMT/) | $1.1M | 52,758 | 0.7% | 9 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.1M | 26,109 | 0.7% | 19 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $1.1M | 57,562 | 0.6% | 9 |
| SARATOGA INVT CORP | [SAR](https://holderbook.com/stocks/SAR/) | $1.1M | 41,817 | 0.6% | 6 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $1.1M | 10,025 | 0.6% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.0M | 32,040 | 0.6% | 8 |
| VANECK ETF TRUST | [BIZD](https://holderbook.com/stocks/BIZD/) | $1.0M | 64,093 | 0.6% | 9 |
| FIRST TR EXCHANGE TRADED FD | [SKYY](https://holderbook.com/stocks/SKYY/) | $1.0M | 13,490 | 0.6% | 9 |
| KAYNE ANDERSON ENERGY INFRST | [KYN](https://holderbook.com/stocks/KYN/) | $1.0M | 121,491 | 0.6% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.0M | 25,621 | 0.6% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $994.1K | 7,540 | 0.6% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $973.6K | 7,440 | 0.6% | 10 |
| INVESCO EXCH TRADED FD TR II | [QQQJ](https://holderbook.com/stocks/QQQJ/) | $948.1K | 38,480 | 0.5% | 9 |
| HESS CORP | [HES](https://holderbook.com/stocks/HES/) | $918.0K | 6,000 | 0.5% | 9 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $910.5K | 7,600 | 0.5% | 9 |
| COHEN & STEERS QUALITY INCOM | [RQI](https://holderbook.com/stocks/RQI/) | $863.2K | 85,300 | 0.5% | 3 |
| DYNEX CAP INC | [DX](https://holderbook.com/stocks/DX/) | $801.7K | 67,140 | 0.5% | 8 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $800.5K | 8,550 | 0.5% | 6 |
| SEVEN HILLS REALTY TRUST | [SEVN](https://holderbook.com/stocks/SEVN/) | $770.8K | 70,588 | 0.4% | 4 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $770.5K | 28,151 | 0.4% | 7 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $754.1K | 17,870 | 0.4% | 6 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $751.7K | 10,000 | 0.4% | 9 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $735.1K | 19,760 | 0.4% | 9 |
| BAIN CAP SPECIALTY FIN INC | [BCSF](https://holderbook.com/stocks/BCSF/) | $709.7K | 46,355 | 0.4% | 9 |
| NUVEEN CR STRATEGIES INCOME | [JQC](https://holderbook.com/stocks/JQC/) | $709.4K | 140,195 | 0.4% | 4 |
| GOLDMAN SACHS BDC INC | [GSBD](https://holderbook.com/stocks/GSBD/) | $687.2K | 47,200 | 0.4% | 9 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $646.0K | 37,383 | 0.4% | 8 |
| BLACKROCK N Y MUN INCOME TRU | [BNY](https://holderbook.com/stocks/BNY/) | $644.5K | 70,821 | 0.4% | 9 |
| SLR INVESTMENT CORP | [SLRC](https://holderbook.com/stocks/SLRC/) | $637.0K | 41,393 | 0.4% | 9 |
| COHEN & STEERS LTD DURATION | [LDP](https://holderbook.com/stocks/LDP/) | $628.4K | 36,815 | 0.4% | 4 |
| RITHM CAPITAL CORP | [RITM](https://holderbook.com/stocks/RITM/) | $612.4K | 65,915 | 0.4% | 9 |
| MIDCAP FINANCIAL INVSTMNT CO | [MFIC](https://holderbook.com/stocks/MFIC/) | $606.9K | 44,137 | 0.3% | 9 |
| NUVEEN CALIF AMT FREE MUNI I | [NKX](https://holderbook.com/stocks/NKX/) | $603.4K | 58,810 | 0.3% | 9 |
| COHEN & STEERS TAX ADVAN PFD | [PTA](https://holderbook.com/stocks/PTA/) | $600.7K | 34,384 | 0.3% | 4 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $587.5K | 16,516 | 0.3% | 9 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $575.0K | 5,000 | 0.3% | 14 |
| BLACKROCK CORPOR HI YLD FD I | [HYT](https://holderbook.com/stocks/HYT/) | $550.1K | 63,742 | 0.3% | 5 |
| HERCULES CAPITAL INC | [HTGC](https://holderbook.com/stocks/HTGC/) | $535.6K | 32,620 | 0.3% | 9 |
| BARCLAYS BANK PLC IPATH B S&P 500 VIX STF | [VXXXXXX](https://holderbook.com/stocks/VXXXXXX/) | $502.5K | 21,550 | 0.3% | 2 |
| BLACKSTONE STRATEGIC CRED 20 | [BGB](https://holderbook.com/stocks/BGB/) | $493.4K | 44,898 | 0.3% | 9 |
| VOYA GLBL EQTY DIV & PREM OP | [IGD](https://holderbook.com/stocks/IGD/) | $492.0K | 100,402 | 0.3% | 9 |
| SIXTH STREET SPECIALTY LENDI | [TSLX](https://holderbook.com/stocks/TSLX/) | $483.6K | 23,660 | 0.3% | 9 |
| KAYNE ANDERSON NEXTGEN ENRGY | [KMF](https://holderbook.com/stocks/KMF/) | $474.7K | 66,675 | 0.3% | 2 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $466.1K | 3,000 | 0.3% | 9 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $437.3K | 13,000 | 0.3% | 6 |
| PIONEER NAT RES CO | [PXD](https://holderbook.com/stocks/PXD/) | $436.6K | 1,902 | 0.2% | 6 |
| ELLINGTON FINANCIAL INC | [EFC](https://holderbook.com/stocks/EFC/) | $420.2K | 33,695 | 0.2% | 9 |
| VIRTUS CONVERTIBLE & INCOME | [NCVXXXX](https://holderbook.com/stocks/NCVXXXX/) | $394.7K | 126,918 | 0.2% | 9 |
| BLUE OWL CAPITAL CORPORATION | [OBDC](https://holderbook.com/stocks/OBDC/) | $394.6K | 28,490 | 0.2% | 5 |
| NUVEEN PFD & INCOME TERM FD | [JPI](https://holderbook.com/stocks/JPI/) | $391.4K | 22,795 | 0.2% | 6 |
| GREAT AJAX CORP | [RPT](https://holderbook.com/stocks/RPT/) | $377.1K | 58,552 | 0.2% | 8 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $376.6K | 1,857 | 0.2% | 9 |
| GRANITE PT MTG TR INC | [GPMT](https://holderbook.com/stocks/GPMT/) | $369.7K | 75,760 | 0.2% | 9 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $367.9K | 2,000 | 0.2% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2023 | -4.7% | -3.6% | -1.1% | 101% |
| Q2 2023 | +3.7% | +8.3% | -4.6% | 100% |
| Q1 2023 | +2.6% | +7.0% | -4.4% | 100% |
| Q4 2022 | +5.7% | +7.1% | -1.4% | 99% |
| Q3 2022 | -8.6% | -5.3% | -3.3% | 100% |
| Q2 2022 | -15.2% | -16.5% | +1.3% | 100% |
| Q1 2022 | -5.5% | -4.9% | -0.6% | 100% |
| Q4 2021 | +2.9% | +10.7% | -7.8% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $174.8M | 138 |
| Q2 2023 | $187.4M | 141 |
| Q1 2023 | $179.0M | 138 |
| Q4 2022 | $162.7M | 132 |
| Q3 2022 | $157.6M | 135 |
| Q2 2022 | $169.3M | 129 |
| Q1 2022 | $201.9M | 129 |
| Q4 2021 | $213.0M | 131 |
| Q3 2021 | $197.8M | 125 |
| Q2 2021 | $306.7M | 163 |
| Q1 2021 | $172.1M | 110 |
| Q4 2020 | $151.8M | 92 |