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Closed-End Fund Advisors, Inc. — 13F Holdings & Portfolio

CIK 2103520 · latest 13F-HR filed 2026-11-04

Backtest portfolio

Closed-End Fund Advisors, Inc. manages $96.2M in 13F-reported U.S. long-equity assets across 168 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are KYN (4.30%), MFM (3.50%), EOD (2.18%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 12 new positions and exited 7; 36 existing positions rose in reported value and 82 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$96.2M

Long-equity book

Holdings
168

Distinct positions

Period
2026-09-30

Filed 2026-11-04

Q/Q Activity
+12 / −7 / ↑36 / ↓82

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
KYN4.3% · -2%MFM3.5% · +49%EOD2.2% · -6%CPZ1.9% · -1%FSSL1.8% · -14%PSUS1.8% · +122%BPRE1.8% · -35%TYG1.7% · -3%PBDC1.7% · +29%SABA1.7% · +1%RFMZ1.7% · +3%BGX1.7% · +56%DMA1.6% · +0%HFRO1.6% · -0%FSCO1.6% · +22%PNI1.6% · +6%MEGI1.5% · -3%NML1.5% · -1%FINS1.4% · -3%OTF1.4% · -15%RA1.4% · -2%SDHY1.4% · -12%WIW1.3% · -0%EMO1.2% · +2%NCDL1.1% · -23%HTGC1.1% · +31%BANX1.0% · -8%GUG1.0% · -13%RLTY1.0% · +2%DFP1.0% · -2%TSLX1.0% · +62%FMN0.9% · +49%MSFT0.9% · +2%NMAI0.9% · -6%NPFD0.9% · -2%JRS0.9% · +1%BXSL0.8% · +51%PFO0.8% · -4%CGBD0.8% · -6%TRIN0.8% · -7%BCSF0.8% · -6%KBDC0.8% · -22%PCQ0.8% · -5%PGZ0.8% · -2%TBLD0.7% · +3%AOD0.7% · -2%HQH0.7% · -1%FLC0.7% · -10%CET0.7% · +16%ARDC0.7% · +43%LEO0.7% · +12%JRI0.7% · -4%NBXG0.7% · -2%MINT0.6% · -17%DSM0.6% · +12%AFB0.6% · +1%GBDC0.6% · +20%SPXX0.6% · +2%MHD0.6% · +11%DPG0.6% · +5%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 22.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Sep 30, 2026.

Assets Under Management
$186.3M
Discretionary
$112.5M
Employees
6
Accounts
180
Phone
(804) 288-2482
Website
Mailing Address
2711 BUFORD RD. SUITE #382, RICHMOND, VA, 23235
Name Title / Status Ownership Type
SCOTT, JOHN, COLE ControlCHIEF INVESTMENT OFFICER & CHIEF COMPLIANCE OFFICER
since Oct 2004
75% or moreIndividual
SCOTT, JOHN, COLE ControlPRESIDENT
since Dec 2022
75% or moreIndividual
Ownership & leadership changes · 3 filings with changes since Mar 30, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jan 12, 2023 filing
  • No longer listedSCOTT, GEORGE, COLE · PRESIDENT · 75% or more · control person · listed since Oct 1999
  • ChangedSCOTT, JOHN, COLE · title CHIEF INVESTMENT OFFICER & CHIEF COMPLIANCE OFFICER → CHIEF INVESTMENT OFFICER & CHIEF COMPLIANCE OFFICER / PRESIDENT; ownership Less than 5% → 75% or more
Mar 30, 2021 filing
  • ChangedSCOTT, GEORGE, COLE · title PRESIDENT & SENIOR PORTFOLIO MANAGER → PRESIDENT
Jun 26, 2018 filing
  • ChangedSCOTT, GEORGE, COLE · title PRESIDENT & PORTFOLIO MANAGER → PRESIDENT & SENIOR PORTFOLIO MANAGER
  • ChangedSCOTT, JOHN, COLE · title EXECUTIVE VICE-PRESIDENT, PORTFOLIO MANAGER & CHIEF COMPLIANCE OFFICER → CHIEF INVESTMENT OFFICER & CHIEF COMPLIANCE OFFICER
Mar 30, 2012 filing (earliest on record)
  • ListedSCOTT, GEORGE, COLE · PRESIDENT & PORTFOLIO MANAGER · 75% or more · control person
  • ListedSCOTT, JOHN, COLE · EXECUTIVE VICE-PRESIDENT, PORTFOLIO MANAGER & CHIEF COMPLIANCE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Closed-End Fund Advisors, Inc. Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 KAYNE ANDERSON ENERGY INFRST KYN 486606106 $4.1M 4.30% 304,479 SH
2 ABERDEEN MUN INCOME FD MFM 552738106 $3.4M 3.50% 695,084 SH
3 ALLSPRING GLOBAL DIVIDEND OP EOD 94987C103 $2.1M 2.18% 327,084 SH
4 CALAMOS LNG SHR EQT DYNAMIC CPZ 12812C106 $1.8M 1.85% 141,922 SH
5 FS SPECIALTY LENDING FD FSSL 644323107 $1.7M 1.78% 147,372 SH
6 PERSHING SQUARE USA LTD PSUS 71531T105 $1.7M 1.78% 46,082 SH
7 BLUEROCK PVT REAL ESTATE FD BPRE 09631P102 $1.7M 1.77% 136,132 SH
8 TORTOISE ENERGY INFRSTRCTR C TYG 89147L886 $1.7M 1.73% 43,406 SH
9 PUTNAM ETF TRUST PBDC 746729508 $1.7M 1.72% 61,652 SH
10 SABA CAPITAL INCOME & OPPORT SABA 880198205 $1.6M 1.70% 205,219 SH
11 RIVERNORTH FLEXIBLE MUNI INC RFMZ 76883Y107 $1.6M 1.69% 138,873 SH
12 BLACKSTONE LONG SHORT CR INC BGX 09257D102 $1.6M 1.66% 151,438 SH
13 DESTRA MULTI-ALTERNATIVE FD DMA 25065A502 $1.6M 1.65% 210,313 SH
14 HIGHLAND OPPS & INCOME FD HFRO 43010E404 $1.6M 1.64% 236,382 SH
15 FS CREDIT OPPORTUNITIES CORP FSCO 30290Y101 $1.5M 1.58% 294,672 SH
16 PIMCO NEW YORK MUN FD II PNI 72200Y102 $1.5M 1.58% 247,910 SH
17 NYLIM CBRE GLOBAL MEGI 56064Q107 $1.4M 1.50% 107,128 SH
18 NEUBERGER ENGY INFRSTR & INC NML 64129H104 $1.4M 1.46% 141,284 SH
19 ANGEL OAK FINL STRATEGIES IN FINS 03464A100 $1.4M 1.43% 115,622 SH
20 BLUE OWL TECHNOLOGY FIN CORP OTF 095924106 $1.3M 1.38% 135,729 SH
21 BROOKFIELD REAL ASSETS INCOM RA 112830104 $1.3M 1.37% 113,982 SH
22 PGIM SHORT DUR HIG YLD OPP F SDHY 69355J104 $1.3M 1.36% 85,910 SH
23 WESTERN AST INFL LKD OPP & I WIW 95766R104 $1.2M 1.28% 156,664 SH
24 CLEARBRIDGE ENERGY MIDSTREAM EMO 18469P209 $1.2M 1.22% 23,462 SH
25 NUVEEN CHURCHILL DIRECT LEND NCDL 67090S108 $1.1M 1.13% 97,101 SH
26 HERCULES CAPITAL INC HTGC 427096508 $1.1M 1.12% 64,283 SH
27 ARROWMARK FINANCIAL CORP BANX 861780104 $1.0M 1.04% 50,386 SH
28 GUGGENHEIM ACTIVE ALLOC FD GUG 40170T106 $994.9K 1.03% 70,309 SH
29 COHEN & STEERS REAL ESTATE O RLTY 19249Q103 $941.2K 0.98% 67,955 SH
30 FLAHERTY & CRUMRINE DYNAMIC DFP 33848W106 $933.3K 0.97% 49,435 SH
31 SIXTH STREET SPECIALTY LENDI TSLX 83012A109 $930.7K 0.97% 51,649 SH
32 FEDERATED HERMES PREM MUNI I FMN 31423P108 $894.0K 0.93% 90,765 SH
33 MICROSOFT CORP MSFT 594918104 $889.2K 0.92% 1,734 SH
34 NUVEEN MULTI ASSET INCOME FU NMAI 670750108 $876.7K 0.91% 60,670 SH
35 NUVEEN VRIABL RAT PFD & INM NPFD 67080R102 $873.6K 0.91% 50,469 SH
36 NUVEEN REAL ESTATE INCOME FD JRS 67071B108 $870.4K 0.90% 117,942 SH
37 BLACKSTONE SECD LENDING FD BXSL 09261X102 $789.9K 0.82% 32,940 SH
38 FLAHERTY & CRUMRINE PFD INCO PFO 33848E106 $785.7K 0.82% 91,040 SH
39 CARLYLE SECURED LENDING INC CGBD 872280102 $785.3K 0.82% 73,462 SH
40 TRINITY CAP INC TRIN 896442308 $774.4K 0.80% 44,124 SH
41 BAIN CAP SPECIALTY FIN INC BCSF 05684B107 $773.2K 0.80% 70,037 SH
42 KAYNE ANDERSON BDC INC KBDC 48662X105 $767.8K 0.80% 61,133 SH
43 PIMCO CALIF MUN INCOME FD PCQ 72200N106 $767.8K 0.80% 99,586 SH
44 PRINCIPAL REAL ESTATE INCOME PGZ 74255X104 $721.6K 0.75% 80,892 SH
45 THORNBURG INCM BUILDER OPP T TBLD 885213108 $716.4K 0.74% 35,254 SH
46 ABRDN TOTAL DYNAMIC DIVIDEND AOD 00326L100 $675.2K 0.70% 66,460 SH
47 ABRDN HEALTHCARE INVESTORS HQH 87911J103 $669.7K 0.70% 32,058 SH
48 FLAHERTY & CRUMRINE TOTAL RE FLC 338479108 $661.2K 0.69% 41,981 SH
49 CENTRAL SECS CORP CET 155123102 $657.3K 0.68% 11,840 SH
50 ARES DYNAMIC CR ALLOCATION F ARDC 04014F102 $651.6K 0.68% 56,661 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-04 $96.2M 168 0001214659-26-013722
2026-06-30 2026-07-27 $102.4M 163 0001214659-26-008922
2026-03-31 2026-05-11 $98.3M 162 0001214659-26-005900
2025-12-31 2026-02-11 $169.3M 204 0001214659-26-001467
Filer Information
Address
2453 CRYSTAL RIDGE ROAD
HENRICO, VA 23233
Phone
(804) 288-2482
Filing Manager
Closed-End Fund Advisors, Inc.
RICHMOND, VA
Signatory
David Carter
General Counsel