Closed-End Fund Advisors, Inc.

13F filer, CIK 2103520, RICHMOND, VA

Closed-End Fund Advisors, Inc. reported $98,273,049 across 162 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-11. Its ten largest share positions make up 22.9% of the portfolio.

Filed 2026-05-11 (acceptance time not in the bulk data set), ingested 2026-10-06 09:58:43 UTC13F-HR 0001214659-26-005900

Period: 2026-03-31
Reported value: $98.3M
Holdings: 162
Top 10 weight: 22.9%
New: 8
Sold out: 31

Largest buys vs the previous quarter

Security	Shares change	Approx. value
PNInew	+235,718	$1.61M
OTFadded	+122,824	$1.52M
FSSLadded	+91,738	$1.15M
BPREadded	+55,631	$924K
XFLTnew	+51,831	$890K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
NCDLreduced	-459,847	-$5.85M
GBDCreduced	-377,914	-$4.78M
TRINreduced	-323,758	-$4.76M
OBDCexited	-370,782	-$4.61M
NMFCreduced	-563,351	-$4.37M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001214659-26-005900, largest first. % of portfolio is the value over $98,273,049, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
KYNKAYNE ANDERSON ENERGY INFRST	302,713	$4.32M	4.4%	+51,797	Timeline
BPREBLUEROCK PVT REAL ESTATE FD	178,276	$2.96M	3.01%	+55,631	Timeline
TYGTORTOISE ENERGY INFRSTRCTR C	47,117	$2.35M	2.39%	-26,231	Timeline
OTFBLUE OWL TECHNOLOGY FIN CORP	169,456	$2.1M	2.14%	+122,824	Timeline
EODALLSPRING GLOBAL DIVIDEND OP	353,156	$2.06M	2.1%	-5,254	Timeline
CPZCALAMOS LNG SHR EQT DYNAMIC	138,277	$1.88M	1.91%	-3,295	Timeline
RFMZRIVERNORTH FLEXIBLE MUNI INC	141,623	$1.79M	1.82%	+18,970	Timeline
SDHYPGIM SHORT DUR HIG YLD OPP F	106,492	$1.71M	1.74%	-6,910	Timeline
MEGINYLIM CBRE GLOBAL	113,890	$1.67M	1.7%	+32,946	Timeline
SABASABA CAPITAL INCOME & OPPORT	200,529	$1.67M	1.7%	+14,246	Timeline
FSSLFS SPECIALTY LENDING FD	130,980	$1.64M	1.67%	+91,738	Timeline
DMADESTRA MULTI-ALTERNATIVE FD	200,829	$1.63M	1.66%	0	Timeline
GUGGUGGENHEIM ACTIVE ALLOC FD	106,688	$1.62M	1.65%	-3,708	Timeline
PNIPIMCO NEW YORK MUN FD II	235,718	$1.61M	1.64%	new	Timeline
FINSANGEL OAK FINL STRATEGIES IN	120,700	$1.54M	1.57%	-564	Timeline
VFLABRDN NATL MUN INCOME FD	153,715	$1.53M	1.56%	+12,809	Timeline
MFMABERDEEN MUN INCOME FD	275,256	$1.48M	1.51%	+9,604	Timeline
RABROOKFIELD REAL ASSETS INCOM	115,052	$1.48M	1.51%	+2,147	Timeline
NMLNEUBERGER ENGY INFRSTR & INC	139,373	$1.46M	1.49%	+21,210	Timeline
FSCOFS CREDIT OPPORTUNITIES CORP	264,222	$1.35M	1.37%	-10,200	Timeline
HFROHIGHLAND OPPS & INCOME FD	235,324	$1.34M	1.37%	+188	Timeline
BANXARROWMARK FINANCIAL CORP	69,773	$1.33M	1.35%	+436	Timeline
WIWWESTERN AST INFL LKD OPP & I	156,351	$1.32M	1.35%	+17,900	Timeline
EMOCLEARBRIDGE ENERGY MIDSTREAM	22,852	$1.21M	1.23%	-450	Timeline
NCDLNUVEEN CHURCHILL DIRECT LEND	92,957	$1.18M	1.2%	-459,847	Timeline
CGBDCARLYLE SECURED LENDING INC	98,785	$1.08M	1.1%	-156,650	Timeline
CXEMFS HIGH INCOME MUN TR	274,770	$1.02M	1.04%	+5,428	Timeline
NPFDNUVEEN VRIABL RAT PFD & INM	54,494	$989K	1.01%	-24,084	Timeline
BCSFBAIN CAP SPECIALTY FIN INC	76,102	$944K	0.96%	-346,708	Timeline
XPCQXPIMCO CALIF MUN INCOME FD	109,259	$937K	0.95%	+12,904	Timeline
RLTYCOHEN & STEERS REAL ESTATE O	64,351	$936K	0.95%	+1,582	Timeline
XFLTXAI FLOATING RATE & ALTER IN	51,831	$890K	0.91%	new	Timeline
DFPFLAHERTY & CRUMRINE DYNAMIC	44,000	$883K	0.9%	-1,013	Timeline
PFOFLAHERTY & CRUMRINE PFD INCO	94,733	$856K	0.87%	-1,489	Timeline
BGXBLACKSTONE LONG SHORT CR INC	75,639	$824K	0.84%	+340	Timeline
JRSNUVEEN REAL ESTATE INCOME FD	109,110	$814K	0.83%	+465	Timeline
PGZPRINCIPAL REAL ESTATE INCOME	81,734	$785K	0.8%	-864	Timeline
MINTPIMCO ETF TR	7,754	$780K	0.79%	-1,911	Timeline
NMAINUVEEN MULTI ASSET INCOME FU	62,830	$779K	0.79%	+6,038	Timeline
PBDCPUTNAM ETF TRUST	28,043	$773K	0.79%	-433	Timeline
TBLDTHORNBURG INCM BUILDER OPP T	35,863	$758K	0.77%	-3,164	Timeline
TRINTRINITY CAP INC	51,166	$753K	0.77%	-323,758	Timeline
FLCFLAHERTY & CRUMRINE TOTAL RE	45,067	$748K	0.76%	0	Timeline
BXSLBLACKSTONE SECD LENDING FD	30,986	$734K	0.75%	-58,703	Timeline
JRINUVEEN REAL ASSET INCOME & G	57,809	$711K	0.72%	-7,089	Timeline
CCAPCRESCENT CAP BDC INC	55,817	$678K	0.69%	-169,495	Timeline
CSWCCAPITAL SOUTHWEST CORP	30,588	$677K	0.69%	-83,143	Timeline
HQHABRDN HEALTHCARE INVESTORS	38,015	$676K	0.69%	-1,588	Timeline
AFBALLIANCEBERNSTEIN NATL MUN I	62,678	$670K	0.68%	+29,872	Timeline
LEOBNY MELLON STRATEGIC MUNS IN	104,718	$659K	0.67%	-933	Timeline
MSFTMICROSOFT CORP	1,701	$630K	0.64%	+1	Timeline
XAODXABRDN TOTAL DYNAMIC DIVIDEND	67,120	$618K	0.63%	-18,473	Timeline
MHDBLACKROCK MUNIHOLDINGS FD IN	53,912	$608K	0.62%	+43,081	Timeline
DPGDUFF & PHELPS UTLITY AND INF	41,769	$603K	0.61%	+1,216	Timeline
DSMBNY MELLON STRATEGIC MUN BD	100,339	$603K	0.61%	0	Timeline
MSDLMORGAN STANLEY DIRECT LENDIN	42,841	$598K	0.61%	-248,615	Timeline
BGBBLACKSTONE STRATEGIC CRED 20	53,041	$591K	0.6%	+869	Timeline
MMUWESTERN ASSET MANAGED MUNS F	56,850	$584K	0.59%	-5,691	Timeline
NFJVIRTUS DIVIDEND INTEREST & P	46,184	$582K	0.59%	-763	Timeline
ASGIABRDN GLOBAL INFRA INCOME FU	25,816	$577K	0.59%	-19,897	Timeline
FMNFEDERATED HERMES PREM MUNI I	51,814	$566K	0.58%	+25,911	Timeline
RMMZRIVERNORTH MANAGED DUR MUN I	38,401	$564K	0.57%	-430	Timeline
AEFABRDN EMERGING MARKETS EX CH	75,028	$547K	0.56%	-2,271	Timeline
BTTBLACKROCK MUN TARGET TERM TR	23,876	$542K	0.55%	-1,031	Timeline
XBOEXBLACKROCK ENHANCED GLOBAL	49,167	$539K	0.55%	-1,655	Timeline
NBXGNEUBERGER NEXT GENERATION	40,660	$523K	0.53%	-2,737	Timeline
CETCENTRAL SECS CORP	10,476	$520K	0.53%	-451	Timeline
XSSPXNUVEEN S&P 500 DYNAMIC OVERW	32,232	$518K	0.53%	new	Timeline
ETWEATON VANCE TAX-MANAGED GLOB	58,801	$516K	0.53%	+1,785	Timeline
GBDCGOLUB CAP BDC INC	39,751	$503K	0.51%	-377,914	Timeline
KBDCKAYNE ANDERSON BDC INC	35,855	$492K	0.5%	-37,347	Timeline
ARCCARES CAPITAL CORP	26,446	$477K	0.48%	-144,476	Timeline
ARDCARES DYNAMIC CR ALLOCATION F	37,654	$458K	0.47%	+12,843	Timeline
XBGYXBLACKROCK ENHANCED INTL DIV	82,502	$446K	0.45%	-953	Timeline
HTGCHERCULES CAPITAL INC	29,845	$441K	0.45%	+15,634	Timeline
HQLABRDN LIFE SCIENCES INVESTOR	26,503	$431K	0.44%	-3,203	Timeline
NZFNUVEEN MUN CR INCOME FD	35,149	$428K	0.44%	-34,738	Timeline
STEWSRH TOTAL RETURN FUND INC	24,040	$411K	0.42%	+2,742	Timeline
EIPIFIRST TR EXCHNG TRADED FD VI	18,135	$408K	0.42%	-7,212	Timeline
XFFCXFLAHERTY & CRUMRIN PFD & INM	25,059	$388K	0.39%	new	Timeline
RWAYRUNWAY GROWTH FINANCE CORP	56,500	$388K	0.39%	-84,541	Timeline
MFICMIDCAP FINANCIAL INVSTMNT CO	33,873	$381K	0.39%	-150,019	Timeline
JLSNUVEEN MORTGAGE AND INCOME F	20,810	$377K	0.38%	0	Timeline
GSBDGOLDMAN SACHS BDC INC	42,334	$376K	0.38%	-373,412	Timeline
LLYELI LILLY & CO	400	$368K	0.37%	0	Timeline
ADXADAMS DIVERSIFIED EQUITY FD	16,075	$352K	0.36%	-1,233	Timeline
GNTGAMCO NAT RES GOLD & INCOME	41,834	$349K	0.36%	0	Timeline
IGAVOYA GLBL ADV & PREM OPP FD	35,232	$337K	0.34%	0	Timeline
NVGNUVEEN AMT FREE MUN CR INC F	27,043	$333K	0.34%	-12,038	Timeline
WHFWHITEHORSE FIN INC	44,821	$332K	0.34%	+3,664	Timeline
ERCALLSPRING MULTI SECTOR INCOM	36,682	$331K	0.34%	0	Timeline
WDIWESTERN ASSET DIVERSIFIED IN	24,465	$329K	0.33%	-2,883	Timeline
BBDCBARINGS BDC INC	39,847	$328K	0.33%	-153,600	Timeline
MYIBLACKROCK MUNIYIELD QUALITY	30,881	$325K	0.33%	new	Timeline
FSKFS KKR CAP CORP	31,345	$319K	0.32%	+15,918	Timeline
BTZBLACKROCK CR ALLOCATION	31,590	$319K	0.32%	0	Timeline
ABNBAIRBNB INC	2,500	$316K	0.32%	-500	Timeline
EMFTEMPLETON EMERGING MKTS FD	17,991	$315K	0.32%	0	Timeline
NBHNEUBERGER MUN FD INC	30,916	$314K	0.32%	+2,985	Timeline
OPPRIVERNORTH DOUBLELINE STRATE	40,635	$312K	0.32%	+1,625	Timeline
BCXBLACKROCK RES & COMMODITIES	25,802	$311K	0.32%	0	Timeline
CEFSEXCHANGE LISTED FDS TR	12,652	$285K	0.29%	+2,211	Timeline
AMGNAMGEN INC	800	$281K	0.29%	0	Timeline
BCATBLACKROCK CAP ALLOCATION TER	19,275	$272K	0.28%	-17,348	Timeline
NRKNUVEEN NY AMT FREE	25,352	$259K	0.26%	0	Timeline
OCSLOAKTREE SPECIALTY LENDING	22,787	$257K	0.26%	+11,183	Timeline
NCZVIRTUS CONVERTIBLE & INC FD	18,958	$254K	0.26%	+2,002	Timeline
MYNBLACKROCK MUNIYIELD N Y QUAL	26,234	$252K	0.26%	new	Timeline
MUJBLACKROCK MUNIHLDGS NJ QLTY	21,504	$249K	0.25%	0	Timeline
JFRNUVEEN FLOATING RATE INCOME	32,381	$244K	0.25%	-83	Timeline
EDDMORGAN STANLEY EMERGING MKTS	47,412	$240K	0.24%	-370	Timeline
XGDVXGABELLI DIVID & INCOME TR	8,884	$239K	0.24%	-549	Timeline
BSTZBLACKROCK SCIENCE & TECHNOLO	10,781	$239K	0.24%	+711	Timeline
FAXABRDN ASIA PACIFIC INCOME FU	16,557	$239K	0.24%	-1,535	Timeline
NPCTNUVEEN CORE PLUS IMPACT FUND	23,388	$238K	0.24%	+2,750	Timeline
XJQCXNUVEEN CR STRATEGIES INCOME	48,856	$238K	0.24%	0	Timeline
CIONCION INVT CORP	34,407	$235K	0.24%	-441,501	Timeline
PMOFRANKLIN MUN OPPORTUNITIES T	21,640	$223K	0.23%	0	Timeline
XEFRXEATON VANCE SR FLTNG RTE TR	21,076	$222K	0.23%	+6,428	Timeline
RFMRIVERNORTH FLEXIBLE MUN INCO	15,668	$220K	0.22%	0	Timeline
PTACOHEN & STEERS TAX ADVAN PFD	11,723	$220K	0.22%	+49	Timeline
CSQCALAMOS STRATEGIC TOTAL RETU	12,663	$217K	0.22%	new	Timeline
ETJEATON VANCE RISK-MANAGED DIV	25,489	$208K	0.21%	+73	Timeline
XEXGXEATON VANCE TAX-MANAGED GLOB	23,946	$207K	0.21%	-6,679	Timeline
EOTEATON VANCE NATL MUN OPPORT	11,837	$203K	0.21%	0	Timeline
LIENCHICAGO ATLANTIC BDC INC	21,578	$202K	0.21%	+8,860	Timeline
DLYDOUBLELINE YIELD OPPORTUNITI	14,349	$200K	0.2%	0	Timeline
TCPCBLACKROCK TCP CAPITAL CORP	54,528	$197K	0.2%	-73,989	Timeline
RVTROYCE SMALL CAP TRUST INC	11,552	$192K	0.2%	+612	Timeline
XMCRXMFS CHARTER INCOME TR	30,841	$187K	0.19%	0	Timeline
JPCNUVEEN PFD & INCOME OPPORTUN	24,785	$187K	0.19%	0	Timeline
JGHNUVEEN GLOBAL HIGH INCOME FD	14,893	$182K	0.19%	+3,124	Timeline
CHWCALAMOS GBL DYN INCOME FUND	24,641	$179K	0.18%	0	Timeline
NMFCNEW MTN FIN CORP	22,719	$176K	0.18%	-563,351	Timeline
TPVGTRIPLEPOINT VENTURE GROWTH B	35,124	$175K	0.18%	-379	Timeline
DMBBNY MELLON MUN BD INFRASTRUC	16,625	$175K	0.18%	0	Timeline
BWGBRANDYWINEGBL GBL INCM OPP F	22,401	$172K	0.17%	+1,815	Timeline
DTFDTF TAX-FREE INCOME 2028 TER	14,433	$165K	0.17%	0	Timeline
XRMMXRIVERNORTH MANAGED DUR MUN I	11,904	$162K	0.17%	0	Timeline
RMTROYCE MICRO-CAP TR INC	13,807	$156K	0.16%	0	Timeline
NACNUVEEN CA DIVI ADV MUN	13,291	$155K	0.16%	-4,137	Timeline
MMTABERDEEN MULTI-MARKET INCOME	33,385	$154K	0.16%	-1,203	Timeline
BTXBLACKROCK TECH AND PRIVATE E	21,983	$145K	0.15%	+6,359	Timeline
MUCBLACKROCK MUNIHLDNGS CALI	13,632	$142K	0.14%	+1,123	Timeline
VGMINVESCO TR INVT GRADE MUNS	13,663	$135K	0.14%	-1,000	Timeline
SBIWESTERN ASSET INTER MUNI	17,477	$134K	0.14%	0	Timeline
XNXJXNUVEEN NEW JERSEY	10,849	$133K	0.14%	0	Timeline
XIGDXVOYA GLBL EQTY DIV & PREM OP	23,122	$132K	0.13%	0	Timeline
MQYBLACKROCK MUNIYILD QULT FD I	11,426	$125K	0.13%	new	Timeline
CXHMFS INVT GRADE MUN TR	15,498	$124K	0.13%	0	Timeline
XIAEXVOYA ASIA PAC HIGH DIV EQT I	16,744	$123K	0.13%	-1,605	Timeline
VVRINVESCO SR INCOME TR	34,683	$112K	0.11%	0	Timeline
DHFBNY MELLON HIGH YIELD STRATE	44,008	$107K	0.11%	0	Timeline
GRXGABELLI HEALTHCARE & WELLNES	11,744	$106K	0.11%	0	Timeline
GDLGDL FD	11,368	$94.7K	0.1%	+124	Timeline
GLVCLOUGH GLOBAL DIVID & INCOME	14,402	$85.3K	0.09%	+1	Timeline
VGIVIRTUS GLOBAL MULTI-SECTOR I	11,533	$85.1K	0.09%	-1,683	Timeline
BCICBCP INVESTMENT CORPORATION	10,615	$79.8K	0.08%	-1,035	Timeline
MLCIMOUNT LOGAN CAP INC	18,676	$66.9K	0.07%	-7,168	Timeline
MRCCMONROE CAP CORP	12,825	$59K	0.06%	0	Timeline
PPTFRANKLIN PREMIER INCOME TR	15,162	$53.8K	0.05%	-12,131	Timeline
XCMUXMFS HIGH YIELD MUN TR	13,091	$46.9K	0.05%	0	Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
OBDCBLUE OWL CAPITAL CORPORATION	370,782	$4.61M	shares
SLRCSLR INVESTMENT CORP	260,893	$4.03M	shares
SARSARATOGA INVT CORP	159,499	$3.68M	shares
PSBDPALMER SQUARE CAPITAL BDC IN	220,334	$2.69M	shares
XFLTXAI OCTAGON FLOATING RATE & AL	232,964	$1.12M	shares
PNNTPENNANTPARK INVTS CORP	150,093	$895K	shares
FDUSFIDUS INVT CORP	38,831	$749K	shares
TSLXSIXTH STREET SPECIALTY LENDI	34,249	$744K	shares
GLADGLADSTONE CAP CORP	26,694	$551K	shares
DIAXNUVEEN DOW 30SM DYNAMIC OVERWR	34,829	$531K	shares
PFLTPENNANTPARK FLOATING RATE CA	30,683	$284K	shares
IIMINVESCO VALUE MUN INCOME TR	22,641	$279K	shares
FBDCFIRST TR EXCHNG TRADED FD VI	13,562	$263K	shares
ASAASA GOLD AND PRECIOUS MTLS L	4,217	$252K	shares
BLACKROCK MUN INCOME TRBLACKROCK MUN INCOME TR	24,435	$245K	shares
ACPABRDN INCOME CREDIT STRATEGI	43,953	$238K	shares
BLACKROCK MUNICIPAL INCOME …BLACKROCK MUNICIPAL INCOME QUA	20,892	$229K	shares
NCLONUSHARES ETF TR	8,705	$218K	shares
XMVTXBLACKROCK MUNIVEST FUND II	19,445	$210K	shares
TYTRI CONTL CORP	6,338	$207K	shares
NCVVIRTUS CONVERTIBLE & INCOME	11,835	$179K	shares
NADNUVEEN QUALITY MUNCP INCOME	14,125	$170K	shares
BXMXNUVEEN S&P 500 BUY-WRITE INCOM	10,353	$152K	shares
XNEAXNUVEEN AMT FREE QLTY MUN INC	12,608	$147K	shares
XNROXNEUBERGER R/EST SECS INC FD	45,529	$138K	shares
BLACKROCK MUNIHLDGS NY QLTYBLACKROCK MUNIHLDGS NY QLTY	13,196	$135K	shares
XMYDXBLACKROCK MUNIYIELD FUND	10,718	$112K	shares
XMVFXBLACKROCK MUNIVEST FUND	15,007	$104K	shares
BRWSABA CAPITAL INCOME & OPRNT	14,310	$100K	shares
ZTRVIRTUS TOTAL RETURN FD INC	10,522	$66.3K	shares
HIXWESTERN ASSET HIGH INCOM FD	12,020	$50K	shares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001214659-26-005900	base		2026-05-11	acceptance time not in the bulk data set	2026-10-06 09:58:43 UTC