Thomas J Herzfeld Advisors Inc's Q3 2021 13F: 32 new positions, 43 exits
Form 13F-HR for the quarter ended Sep 30, 2021 · filed Nov 12, 2021 · 341 reported positions · accession 0001398344-21-021306
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | Ishares Tr 13 Yr (SHY) | 0.8% | 3.4% | +2.6 pts | +67,767 sh | +304% |
| Reduced | Eaton Vance Limited Duration Income Fund (EVV) | 1.8% | 0.1% | −1.7 pts | −316K sh | −95% |
| Reduced | Aberdeen Asia Pacific Income (FAX) | 1.7% | 0.3% | −1.4 pts | −776K sh | −83% |
| Reduced | PGIM Short Duration High Yield Fund, Inc. (ISD) | 2.4% | 1.3% | −1.2 pts | −181K sh | −50% |
| Reduced | Advent Claymore Convertible Securities and Income Fund (AVK) | 1.2% | 0.0% | −1.2 pts | −149K sh | −96% |
| Reduced | PGIM Global Short Duration High Yield Fund, Inc. (GHY) | 2.3% | 1.3% | −1.0 pts | −158K sh | −45% |
| Exited | RMR Real Estate Income Fund (SEVN) | 0.9% | — | −0.9 pts | −187K sh | −100% |
| New | iShares Tr (IBMJ) | — | 0.9% | +0.9 pts | +78,690 sh | new |
| New | First Trust Ultra Short Duration Municipal (FUMB) | — | 0.7% | +0.7 pts | +78,717 sh | new |
| Reduced | Cornerstone Strategic Value Fund Inc (CLM) | 2.8% | 2.6% | −0.1 pts | −102K sh | −18% |
| Reduced | Cornerstone Total Rtrn Fd In (CRF) | 2.8% | 2.7% | −0.1 pts | −97,955 sh | −17% |
| Increased | ProShares TR (TBF) | 1.9% | 2.5% | +0.6 pts | +69,714 sh | +25% |
| New | JP Morgan Exchange-Traded F (JMST) | — | 0.5% | +0.5 pts | +21,275 sh | new |
| Increased | PIMCO Dynamic Credit and Mortgage Income Fund (PCI) | 1.8% | 2.2% | +0.5 pts | +48,409 sh | +25% |
| Increased | PIMCO Global StocksPLS Inc. (PGP) | 0.4% | 0.8% | +0.5 pts | +91,873 sh | +113% |
| Exited | First Trust High Income Long/Short Fund (FSD) | 0.4% | — | −0.4 pts | −65,459 sh | −100% |
| Increased | Eagle Pt Cr Co LLC (ECC) | 0.8% | 1.3% | +0.5 pts | +71,211 sh | +52% |
| Increased | Oxford Lane Cap Corp (OXLC) | 0.8% | 1.2% | +0.4 pts | +131K sh | +52% |
| New | iShares Tr (SUB) | — | 0.4% | +0.4 pts | +8,266 sh | new |
| Increased | General American Investors Co Inc (GAM) | 1.3% | 1.7% | +0.4 pts | +19,754 sh | +27% |
| Reduced | Apollo Tactical Income Fund Inc (AIF) | 2.0% | 1.8% | −0.2 pts | −49,822 sh | −16% |
| Reduced | Nuveen Credit Strategies Income Fund (JQC) | 0.3% | 0.0% | −0.3 pts | −119K sh | −98% |
| Increased | Boulder Growth & Income Fund Inc (STEW) | 2.6% | 3.0% | +0.4 pts | +56,797 sh | +12% |
| Increased | PIMCO Enrgy Tactical Cr Opp (PDX) | 2.0% | 2.4% | +0.4 pts | +52,925 sh | +14% |
| Reduced | BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG) | 0.3% | 0.1% | −0.3 pts | −49,093 sh | −77% |
| Reduced | BlackRock Health Sciences Trust II (BMEZ) | 0.4% | 0.2% | −0.3 pts | −21,074 sh | −62% |
| New | Nuveen Real Estate Income Fund (JRS) | — | 0.2% | +0.2 pts | +51,956 sh | new |
| Exited | Nuveen Municipal Credit Opp Fund (NMCO) | 0.2% | — | −0.2 pts | −33,574 sh | −100% |
| Reduced | Adams Diversified Equity Fund Inc (ADX) | 1.5% | 1.3% | −0.1 pts | −22,979 sh | −13% |
| Reduced | Aberdeen Total Dynamic Dividend Fund (AOD) | 0.2% | 0.0% | −0.2 pts | −46,830 sh | −99% |
| Reduced | BlackRock Calif Mun Income (BFZ) | 0.4% | 0.3% | −0.2 pts | −29,790 sh | −42% |
| Exited | Rivernorth Flexible Mun Income (RFM) | 0.2% | — | −0.2 pts | −18,561 sh | −100% |
| Reduced | Saba Capital Income & Opportunities Fund (BRW) | 1.1% | 1.0% | −0.1 pts | −83,866 sh | −15% |
| Increased | Highland Floating Rate Opportunities Fund (HFRO) | 11.4% | 12.1% | +0.7 pts | +33,564 sh | +1% |
| Reduced | Pimco New York Municipal Income Fund II (PNI) | 0.2% | 0.0% | −0.1 pts | −27,620 sh | −82% |
| Exited | Rivernorth Opportunistic Mun (RMI) | 0.1% | — | −0.1 pts | −14,642 sh | −100% |
| Exited | Western Asset Municipal Partners Fund (MNP) | 0.1% | — | −0.1 pts | −20,025 sh | −100% |
| Reduced | OFS Credit Company Inc (OCCI) | 2.4% | 2.3% | −0.2 pts | −22,798 sh | −6% |
| Increased | NexPoint Credit Strategies Fund (HCF) | 7.1% | 7.8% | +0.6 pts | +20,034 sh | +2% |
| Exited | PIMCO Calif Mun Income Fd II (PCK) | 0.1% | — | −0.1 pts | −30,152 sh | −100% |
| Reduced | Retail Value Inc. (RVIC) | 0.5% | 0.5% | 0.0 pts | −10,000 sh | −20% |
| Exited | Deutsche Municipal Income Trust (KTF) | 0.1% | — | −0.1 pts | −21,663 sh | −100% |
| Reduced | MFS Investment Grade Municipal Trust (CXH) | 0.3% | 0.2% | −0.1 pts | −24,251 sh | −33% |
| Exited | Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) | 0.1% | — | −0.1 pts | −12,041 sh | −100% |
| New | Guggenheim Enhanced Equity Income Fund (GPM) | — | 0.1% | +0.1 pts | +25,136 sh | new |
| Increased | The Herzfeld Caribbean Basin Fund Inc (CUBA) | 1.2% | 1.2% | +0.1 pts | +38,475 sh | +8% |
| Reduced | Sutter Rock Cap Corp (SSSS) | 0.2% | 0.2% | −0.1 pts | −16,002 sh | −36% |
| Reduced | BlackRock Science and Technology Trust II (BSTZ) | 3.0% | 2.9% | −0.1 pts | −5,094 sh | −3% |
| Reduced | Central Securities Corp (CET) | 3.1% | 3.2% | +0.1 pts | −4,610 sh | −3% |
| Exited | Grupo Televisa SAB (TV) | 0.1% | — | −0.1 pts | −13,504 sh | −100% |
The 50 largest of 192 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 42.7% of the equity book
Changes in the top 10 this quarter: SHY entered · TBF entered · ISD left · OCCI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Highland Floating Rate Opportunities Fund (HFRO) | 11.4% | 12.1% | |
| 2 | NexPoint Credit Strategies Fund (HCF) | 7.1% | 7.8% | |
| 3 | Ishares Tr 13 Yr (SHY) | 0.8% | 3.4% | Entered the top 10 |
| 4 | Central Securities Corp (CET) | 3.1% | 3.2% | |
| 5 | Boulder Growth & Income Fund Inc (STEW) | 2.6% | 3.0% | |
| 6 | BlackRock Science and Technology Trust II (BSTZ) | 3.0% | 2.9% | |
| 7 | Cornerstone Total Rtrn Fd In (CRF) | 2.8% | 2.7% | |
| 8 | Cornerstone Strategic Value Fund Inc (CLM) | 2.8% | 2.6% | |
| 9 | MasTec Inc (MTZ) | 3.0% | 2.5% | |
| 10 | ProShares TR (TBF) | 1.9% | 2.5% | Entered the top 10 |
| — | PGIM Short Duration High Yield Fund, Inc. (ISD) | 2.4% | 1.3% | Left the top 10 |
| — | OFS Credit Company Inc (OCCI) | 2.4% | 2.3% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).