# Closed-End Fund Advisors, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2103520. Source: https://holderbook.com/funds/2103520-closed-end-fund-advisors-inc/

- Reported value: $102.4M
- Positions: 163
- Weight of the ten largest: 22.3%
- Filed: 2026-07-27

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 |
|---|---|---|---|---|---|
| KAYNE ANDERSON ENERGY INFRST | [KYN](https://holderbook.com/stocks/KYN/) | $4.3M | 311,135 | 4.2% | 3 |
| BLUEROCK PVT REAL ESTATE FD | [BPRE](https://holderbook.com/stocks/BPRE/) | $2.7M | 208,547 | 2.7% | 3 |
| ABERDEEN MUN INCOME FD | [MFM](https://holderbook.com/stocks/MFM/) | $2.6M | 466,837 | 2.6% | 3 |
| ALLSPRING GLOBAL DIVIDEND OP | [EOD](https://holderbook.com/stocks/EOD/) | $2.3M | 349,860 | 2.2% | 3 |
| TORTOISE ENERGY INFRSTRCTR C | [TYG](https://holderbook.com/stocks/TYG/) | $1.9M | 44,601 | 1.9% | 3 |
| FS SPECIALTY LENDING FD | [FSSL](https://holderbook.com/stocks/FSSL/) | $1.9M | 170,332 | 1.9% | 3 |
| CALAMOS LNG SHR EQT DYNAMIC | [CPZ](https://holderbook.com/stocks/CPZ/) | $1.9M | 143,176 | 1.8% | 3 |
| RIVERNORTH FLEXIBLE MUNI INC | [RFMZ](https://holderbook.com/stocks/RFMZ/) | $1.8M | 135,328 | 1.8% | 3 |
| SABA CAPITAL INCOME & OPPORT | [SABA](https://holderbook.com/stocks/SABA/) | $1.7M | 204,065 | 1.7% | 3 |
| HIGHLAND OPPS & INCOME FD | [HFRO](https://holderbook.com/stocks/HFRO/) | $1.7M | 237,067 | 1.7% | 3 |
| NYLI CBRE GBL INFR MEGTRNDS | [MEGI](https://holderbook.com/stocks/MEGI/) | $1.7M | 110,327 | 1.6% | 3 |
| PIMCO NEW YORK MUN FD II | [PNI](https://holderbook.com/stocks/PNI/) | $1.7M | 234,876 | 1.6% | 2 |
| BLUE OWL TECHNOLOGY FIN CORP | [OTF](https://holderbook.com/stocks/OTF/) | $1.7M | 159,487 | 1.6% | 3 |
| ABRDN NATL MUN INCOME FD | [VFL](https://holderbook.com/stocks/VFL/) | $1.6M | 158,424 | 1.6% | 3 |
| PGIM SHORT DUR HIG YLD OPP F | [SDHY](https://holderbook.com/stocks/SDHY/) | $1.6M | 97,293 | 1.6% | 3 |
| NUVEEN CHURCHILL DIRECT LEND | [NCDL](https://holderbook.com/stocks/NCDL/) | $1.6M | 126,329 | 1.5% | 3 |
| DESTRA MULTI-ALTERNATIVE FD | [DMA](https://holderbook.com/stocks/DMA/) | $1.6M | 209,212 | 1.5% | 3 |
| ANGEL OAK FINL STRATEGIES IN | [FINS](https://holderbook.com/stocks/FINS/) | $1.5M | 118,848 | 1.5% | 3 |
| BROOKFIELD REAL ASSETS INCOM | [RA](https://holderbook.com/stocks/RA/) | $1.5M | 116,624 | 1.5% | 3 |
| NEUBERGER ENGY INFRSTR & INC | [NML](https://holderbook.com/stocks/NML/) | $1.4M | 142,740 | 1.4% | 3 |
| WESTERN AST INFL LKD OPP & I | [WIW](https://holderbook.com/stocks/WIW/) | $1.3M | 157,106 | 1.3% | 3 |
| PUTNAM ETF TRUST | [PBDC](https://holderbook.com/stocks/PBDC/) | $1.3M | 47,816 | 1.3% | 3 |
| GUGGENHEIM ACTIVE ALLOC FD | [GUG](https://holderbook.com/stocks/GUG/) | $1.3M | 80,586 | 1.3% | 3 |
| FS CREDIT OPPORTUNITIES CORP | [FSCO](https://holderbook.com/stocks/FSCO/) | $1.2M | 242,291 | 1.2% | 3 |
| CLEARBRIDGE ENERGY MIDSTREAM | [EMO](https://holderbook.com/stocks/EMO/) | $1.1M | 22,885 | 1.1% | 3 |
| ARROWMARK FINANCIAL CORP | [BANX](https://holderbook.com/stocks/BANX/) | $1.1M | 54,650 | 1.0% | 3 |
| KAYNE ANDERSON BDC INC | [KBDC](https://holderbook.com/stocks/KBDC/) | $1.1M | 78,501 | 1.0% | 3 |
| BLACKSTONE LONG SHORT CR INC | [BGX](https://holderbook.com/stocks/BGX/) | $1.1M | 96,941 | 1.0% | 3 |
| COHEN & STEERS REAL ESTATE O | [RLTY](https://holderbook.com/stocks/RLTY/) | $1.1M | 66,771 | 1.0% | 3 |
| FLAHERTY & CRUMRINE DYNAMIC | [DFP](https://holderbook.com/stocks/DFP/) | $1.0M | 50,509 | 1.0% | 3 |
| XAI FLOATING RATE & ALTER IN | [XFLT](https://holderbook.com/stocks/XFLT/) | $996.4K | 56,777 | 1.0% | 2 |
| NUVEEN REAL ESTATE INCOME FD | [JRS](https://holderbook.com/stocks/JRS/) | $982.8K | 116,580 | 1.0% | 3 |
| NUVEEN VRIABL RAT PFD & INM | [NPFD](https://holderbook.com/stocks/NPFD/) | $969.6K | 51,519 | 0.9% | 3 |
| PIMCO CALIF MUN INCOME FD | [PCQ](https://holderbook.com/stocks/PCQ/) | $938.0K | 104,576 | 0.9% | 3 |
| BAIN CAP SPECIALTY FIN INC | [BCSF](https://holderbook.com/stocks/BCSF/) | $928.8K | 74,186 | 0.9% | 3 |
| NUVEEN MULTI ASSET INCOME FU | [NMAI](https://holderbook.com/stocks/NMAI/) | $912.0K | 64,361 | 0.9% | 3 |
| FLAHERTY & CRUMRINE PFD INCO | [PFO](https://holderbook.com/stocks/PFO/) | $877.1K | 94,929 | 0.9% | 3 |
| PRINCIPAL REAL ESTATE INCOME | [PGZ](https://holderbook.com/stocks/PGZ/) | $852.3K | 82,825 | 0.8% | 3 |
| TRINITY CAP INC | [TRIN](https://holderbook.com/stocks/TRIN/) | $845.5K | 47,259 | 0.8% | 3 |
| CARLYLE SECURED LENDING INC | [CGBD](https://holderbook.com/stocks/CGBD/) | $822.4K | 78,104 | 0.8% | 3 |
| NUVEEN REAL ASSET INCOME & G | [JRI](https://holderbook.com/stocks/JRI/) | $800.9K | 61,800 | 0.8% | 3 |
| FLAHERTY & CRUMRINE TOTAL RE | [FLC](https://holderbook.com/stocks/FLC/) | $786.3K | 46,527 | 0.8% | 3 |
| HERCULES CAPITAL INC | [HTGC](https://holderbook.com/stocks/HTGC/) | $775.8K | 49,193 | 0.8% | 3 |
| PERSHING SQUARE USA LTD | [PSUS](https://holderbook.com/stocks/PSUS/) | $775.1K | 20,735 | 0.8% | 1 |
| THORNBURG INCM BUILDER OPP T | [TBLD](https://holderbook.com/stocks/TBLD/) | $757.8K | 34,337 | 0.7% | 3 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $732.4K | 7,265 | 0.7% | 3 |
| ABRDN HEALTHCARE INVESTORS | [HQH](https://holderbook.com/stocks/HQH/) | $709.8K | 32,293 | 0.7% | 3 |
| FEDERATED HERMES PREM MUNI I | [FMN](https://holderbook.com/stocks/FMN/) | $702.0K | 61,097 | 0.7% | 3 |
| ABRDN TOTAL DYNAMIC DIVIDEND | [AOD](https://holderbook.com/stocks/AOD/) | $700.8K | 67,977 | 0.7% | 3 |
| ALLIANCEBERNSTEIN NATL MUN I | [AFB](https://holderbook.com/stocks/AFB/) | $692.5K | 60,689 | 0.7% | 3 |
| NEUBERGER NEXT GENERATION | [NBXG](https://holderbook.com/stocks/NBXG/) | $678.1K | 40,996 | 0.7% | 3 |
| BNY MELLON STRATEGIC MUNS IN | [LEO](https://holderbook.com/stocks/LEO/) | $676.5K | 104,718 | 0.7% | 3 |
| VIRTUS DIVIDEND INTEREST & P | [NFJ](https://holderbook.com/stocks/NFJ/) | $653.9K | 43,050 | 0.6% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $634.5K | 1,701 | 0.6% | 3 |
| BNY MELLON STRATEGIC MUN BD | [DSM](https://holderbook.com/stocks/DSM/) | $617.1K | 100,339 | 0.6% | 3 |
| ABRDN EMERGING MARKETS EX CH | [AEF](https://holderbook.com/stocks/AEF/) | $612.7K | 63,820 | 0.6% | 3 |
| MORGAN STANLEY DIRECT LENDIN | [MSDL](https://holderbook.com/stocks/MSDL/) | $612.6K | 40,516 | 0.6% | 3 |
| DUFF & PHELPS UTLITY AND INF | [DPG](https://holderbook.com/stocks/DPG/) | $603.9K | 40,695 | 0.6% | 3 |
| ABRDN LIFE SCIENCES INVESTOR | [HQL](https://holderbook.com/stocks/HQL/) | $603.7K | 30,171 | 0.6% | 3 |
| BLACKSTONE STRATEGIC CRED 20 | [BGB](https://holderbook.com/stocks/BGB/) | $594.9K | 52,645 | 0.6% | 3 |
| RIVERNORTH MANAGED DUR MUN I | [RMMZ](https://holderbook.com/stocks/RMMZ/) | $577.6K | 38,401 | 0.6% | 3 |
| BLACKROCK MUNIHOLDINGS FD IN | [MHD](https://holderbook.com/stocks/MHD/) | $576.4K | 48,441 | 0.6% | 3 |
| BLACKROCK ENHANCED GLOBAL | [BOE](https://holderbook.com/stocks/BOE/) | $564.5K | 46,691 | 0.6% | 3 |
| CRESCENT CAP BDC INC | [CCAP](https://holderbook.com/stocks/CCAP/) | $561.6K | 51,426 | 0.5% | 3 |
| EATON VANCE TAX-MANAGED GLOB | [ETW](https://holderbook.com/stocks/ETW/) | $561.3K | 58,226 | 0.5% | 3 |
| WESTERN ASSET MANAGED MUNS F | [MMU](https://holderbook.com/stocks/MMU/) | $561.2K | 53,855 | 0.5% | 3 |
| NUVEEN S&P 500 DYNAMIC OVERW | [SPXX](https://holderbook.com/stocks/SPXX/) | $552.3K | 29,629 | 0.5% | 2 |
| SIXTH STREET SPECIALTY LENDI | [TSLX](https://holderbook.com/stocks/TSLX/) | $548.4K | 31,937 | 0.5% | 1 |
| BLACKROCK MUN TARGET TERM TR | [BTT](https://holderbook.com/stocks/BTT/) | $538.0K | 23,647 | 0.5% | 3 |
| CENTRAL SECS CORP | [CET](https://holderbook.com/stocks/CET/) | $537.1K | 10,240 | 0.5% | 3 |
| BLACKROCK ENHANCED INTL DIV | [BGY](https://holderbook.com/stocks/BGY/) | $522.5K | 91,033 | 0.5% | 3 |
| BLACKSTONE SECD LENDING FD | [BXSL](https://holderbook.com/stocks/BXSL/) | $516.5K | 21,784 | 0.5% | 3 |
| ARES DYNAMIC CR ALLOCATION F | [ARDC](https://holderbook.com/stocks/ARDC/) | $502.0K | 39,748 | 0.5% | 3 |
| ABRDN GLOBAL INFRA INCOME FU | [ASGI](https://holderbook.com/stocks/ASGI/) | $491.2K | 21,126 | 0.5% | 3 |
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $490.5K | 38,083 | 0.5% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $479.8K | 400 | 0.5% | 3 |
| CAPITAL SOUTHWEST CORP | [CSWC](https://holderbook.com/stocks/CSWC/) | $463.2K | 19,487 | 0.5% | 3 |
| NUVEEN MUN CR INCOME FD | [NZF](https://holderbook.com/stocks/NZF/) | $427.1K | 33,684 | 0.4% | 3 |
| SRH TOTAL RETURN FUND INC | [STEW](https://holderbook.com/stocks/STEW/) | $412.4K | 23,039 | 0.4% | 3 |
| TEMPLETON EMERGING MKTS FD | [EMF](https://holderbook.com/stocks/EMF/) | $410.3K | 17,672 | 0.4% | 3 |
| FIRST TR EXCHNG TRADED FD VI | [EIPI](https://holderbook.com/stocks/EIPI/) | $396.1K | 18,135 | 0.4% | 3 |
| RUNWAY GROWTH FINANCE CORP | [RWAY](https://holderbook.com/stocks/RWAY/) | $396.0K | 70,585 | 0.4% | 3 |
| GOLDMAN SACHS BDC INC | [GSBD](https://holderbook.com/stocks/GSBD/) | $395.7K | 41,742 | 0.4% | 3 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $370.4K | 19,987 | 0.4% | 3 |
| ALLSPRING MULTI SECTOR INCOM | [ERC](https://holderbook.com/stocks/ERC/) | $364.4K | 39,564 | 0.4% | 3 |
| NUVEEN MORTGAGE AND INCOME F | [JLS](https://holderbook.com/stocks/JLS/) | $362.0K | 20,710 | 0.4% | 3 |
| ABERDEEN MULTI-MARKET INCOME | [MMT](https://holderbook.com/stocks/MMT/) | $359.1K | 81,616 | 0.4% | 3 |
| VOYA GLBL ADV & PREM OPP FD | [IGA](https://holderbook.com/stocks/IGA/) | $357.4K | 36,103 | 0.3% | 3 |
| NUVEEN AMT FREE MUN CR INC F | [NVG](https://holderbook.com/stocks/NVG/) | $346.1K | 27,043 | 0.3% | 3 |
| BLACKROCK MUNIYIELD QUALITY | [MYI](https://holderbook.com/stocks/MYI/) | $343.1K | 30,881 | 0.3% | 2 |
| WESTERN ASSET DIVERSIFIED IN | [WDI](https://holderbook.com/stocks/WDI/) | $342.9K | 25,287 | 0.3% | 3 |
| MIDCAP FINANCIAL INVSTMNT CO | [MFIC](https://holderbook.com/stocks/MFIC/) | $332.3K | 32,967 | 0.3% | 3 |
| ADAMS DIVERSIFIED EQUITY FD | [ADX](https://holderbook.com/stocks/ADX/) | $331.2K | 12,964 | 0.3% | 3 |
| EXCHANGE LISTED FDS TR | [CEFS](https://holderbook.com/stocks/CEFS/) | $329.5K | 12,851 | 0.3% | 3 |
| BLACKROCK TECH AND PRIVATE E | [BTX](https://holderbook.com/stocks/BTX/) | $329.0K | 36,438 | 0.3% | 3 |
| BLACKROCK CR ALLOCATION | [BTZ](https://holderbook.com/stocks/BTZ/) | $327.4K | 32,040 | 0.3% | 3 |
| RIVERNORTH DOUBLELINE STRATE | [OPP](https://holderbook.com/stocks/OPP/) | $326.7K | 42,324 | 0.3% | 3 |
| NEUBERGER MUN FD INC | [NBH](https://holderbook.com/stocks/NBH/) | $326.2K | 30,916 | 0.3% | 3 |
| VIRTUS CONVERTIBLE & INC FD | [NCZ](https://holderbook.com/stocks/NCZ/) | $325.5K | 20,471 | 0.3% | 3 |
| BLACKROCK SCIENCE & TECHNOLO | [BSTZ](https://holderbook.com/stocks/BSTZ/) | $317.3K | 10,567 | 0.3% | 3 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +2.2% | +14.8% | -12.6% | 98% |
| Q1 2026 | -6.0% | -4.6% | -1.3% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $102.4M | 163 |
| Q1 2026 | $98.3M | 162 |
| Q4 2025 | $169.3M | 185 |