Thomas J Herzfeld Advisors Inc's Q4 2021 13F: 56 new positions, 40 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 14, 2022 · 357 reported positions · accession 0001398344-22-003021
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | High Income Secs Fd Shs (PCF) | 0.0% | 2.6% | +2.5 pts | +811K sh | +7457% |
| Reduced | Ishares Tr 13 Yr (SHY) | 3.4% | 0.4% | −3.0 pts | −77,251 sh | −86% |
| New | PIMCO Dynamic Income Fd (PDI) | — | 2.4% | +2.4 pts | +252K sh | new |
| Exited | PIMCO Dynamic Credit and Mortgage Income Fund (PCI) | 2.2% | — | −2.2 pts | −241K sh | −100% |
| New | BlackRock Cap Allocation Tr (BCAT) | — | 1.6% | +1.6 pts | +229K sh | new |
| New | Nuveen Mutli Asset Income Fund (NMAI) | — | 1.6% | +1.6 pts | +233K sh | new |
| New | BlackRock ESG Cap Allc Tr (ECAT) | — | 1.6% | +1.6 pts | +231K sh | new |
| Increased | Angel Oak Final Strategies Incm Trm Trst (FINS) | 0.0% | 1.4% | +1.4 pts | +229K sh | +14696% |
| New | Neuberger Brman Next Genera (NBXG) | — | 1.4% | +1.4 pts | +223K sh | new |
| Exited | Nuveen Tax-Advanteaged Divid (JTD) | 1.2% | — | −1.2 pts | −178K sh | −100% |
| Increased | Sutter Rock Cap Corp (SSSS) | 0.2% | 1.4% | +1.2 pts | +264K sh | +941% |
| Increased | Nexpoint Diversified Rel Et (HCF) | 7.8% | 7.4% | −0.3 pts | +244K sh | +19% |
| New | Saratoga Invt Corp (SAR) | — | 1.1% | +1.1 pts | +101K sh | new |
| New | Thornburg Incm Builder Opp Tr (TBLD) | — | 1.1% | +1.1 pts | +159K sh | new |
| New | Western Asset Diversifised In (WDI) | — | 1.0% | +1.0 pts | +157K sh | new |
| Increased | Nuveen Real Estate Income Fund (JRS) | 0.2% | 1.2% | +1.0 pts | +210K sh | +403% |
| Increased | Saba Capital Income & Opportunities Fund (BRW) | 1.0% | 1.7% | +0.7 pts | +562K sh | +114% |
| Reduced | Cornerstone Total Rtrn Fd In (CRF) | 2.7% | 1.6% | −1.1 pts | −179K sh | −36% |
| New | Cohen & Steers Tax Advan Pfd (PTA) | — | 0.9% | +0.9 pts | +102K sh | new |
| Exited | iShares Tr (IBMJ) | 0.9% | — | −0.9 pts | −78,690 sh | −100% |
| New | Nuveen Core Plus Impact Fund (NPCT) | — | 0.9% | +0.9 pts | +132K sh | new |
| Reduced | Cornerstone Strategic Value Fund Inc (CLM) | 2.6% | 1.6% | −1.0 pts | −157K sh | −34% |
| Exited | Nuveen Fltng Rte Incm Opp Fd (JRO) | 0.8% | — | −0.8 pts | −182K sh | −100% |
| Increased | Highland Floating Rate Opportunities Fund (HFRO) | 12.1% | 10.9% | −1.2 pts | +189K sh | +7% |
| Reduced | OFS Credit Company Inc (OCCI) | 2.3% | 1.2% | −1.1 pts | −130K sh | −35% |
| Exited | Retail Value Inc. (RVIC) | 0.5% | — | −0.5 pts | −39,698 sh | −100% |
| Exited | iShares Tr (SUB) | 0.4% | — | −0.4 pts | −8,266 sh | −100% |
| New | Aberdeen Std Global Infrastructure (ASGI) | — | 0.4% | +0.4 pts | +50,742 sh | new |
| Increased | PIMCO Global StocksPLS Inc. (PGP) | 0.8% | 1.0% | +0.2 pts | +86,118 sh | +50% |
| Exited | Consolidated Water Co Ltd (CWCO) | 0.3% | — | −0.3 pts | −58,877 sh | −100% |
| Exited | Aberdeen Asia Pacific Income (FAX) | 0.3% | — | −0.3 pts | −160K sh | −100% |
| Increased | DTF Tax-Free Income Inc (DTF) | 0.1% | 0.4% | +0.3 pts | +55,263 sh | +433% |
| New | Exchange Listed FDS Tr (CEFS) | — | 0.3% | +0.3 pts | +37,414 sh | new |
| Increased | PIMCO Enrgy Tactical Cr Opp (PDX) | 2.4% | 2.3% | 0.0 pts | +58,191 sh | +13% |
| Increased | ProShares TR (TBF) | 2.5% | 2.2% | −0.3 pts | +41,264 sh | +12% |
| New | Rivernorth Flexible Mun Income (RFM) | — | 0.2% | +0.2 pts | +28,200 sh | new |
| Increased | Pimco New York Municipal Income Fund II (PNI) | 0.0% | 0.2% | +0.2 pts | +50,177 sh | +821% |
| New | Pioneer Mun High Income Oppo (MIO) | — | 0.2% | +0.2 pts | +29,265 sh | new |
| New | Vaneck Vectors ETF Tr (XMPT) | — | 0.2% | +0.2 pts | +18,104 sh | new |
| Increased | Oxford Lane Cap Corp (OXLC) | 1.2% | 1.3% | 0.0 pts | +65,682 sh | +17% |
| Increased | Central Securities Corp (CET) | 3.2% | 2.9% | −0.2 pts | +11,205 sh | +7% |
| Reduced | First BanCorp/Puerto Rico (FBP) | 1.4% | 1.0% | −0.4 pts | −35,000 sh | −15% |
| Increased | Vertical Capital Income Fund (CCIF) | 1.5% | 1.3% | −0.1 pts | +46,135 sh | +15% |
| Reduced | MasTec Inc (MTZ) | 2.5% | 2.1% | −0.5 pts | −5,000 sh | −7% |
| New | Invesco Exch Traded Fd Tr II (PCEF) | — | 0.2% | +0.2 pts | +17,934 sh | new |
| Exited | BlackRock Health Sciences Trust II (BMEZ) | 0.2% | — | −0.2 pts | −12,648 sh | −100% |
| Increased | Aersale Corporation (ASLE) | 0.6% | 0.6% | 0.0 pts | +20,000 sh | +26% |
| Reduced | Western Assest Intm Muni Fd (SBI) | 0.2% | 0.0% | −0.2 pts | −36,726 sh | −83% |
| New | Neuberger Brman Clifrn Muni (NBW) | — | 0.1% | +0.1 pts | +25,049 sh | new |
| New | Nuveen Select Tax-Free Incom (NXP) | — | 0.1% | +0.1 pts | +20,429 sh | new |
The 50 largest of 248 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 — 37.9% of the equity book
Changes in the top 10 this quarter: PCF entered · PDI entered · PDX entered · SHY left · CRF left · CLM left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Highland Floating Rate Opportunities Fund (HFRO) | 12.1% | 10.9% | |
| 2 | Nexpoint Diversified Rel Et (HCF) | 7.8% | 7.4% | |
| 3 | Central Securities Corp (CET) | 3.2% | 2.9% | |
| 4 | Boulder Growth & Income Fund Inc (STEW) | 3.0% | 2.7% | |
| 5 | High Income Secs Fd Shs (PCF) | 0.0% | 2.6% | Entered the top 10 |
| 6 | PIMCO Dynamic Income Fd (PDI) | 0.0% | 2.4% | Entered the top 10 |
| 7 | BlackRock Science and Technology Trust II (BSTZ) | 2.9% | 2.3% | |
| 8 | PIMCO Enrgy Tactical Cr Opp (PDX) | 2.4% | 2.3% | Entered the top 10 |
| 9 | ProShares TR (TBF) | 2.5% | 2.2% | |
| 10 | MasTec Inc (MTZ) | 2.5% | 2.1% | |
| — | Ishares Tr 13 Yr (SHY) | 3.4% | 0.4% | Left the top 10 |
| — | Cornerstone Total Rtrn Fd In (CRF) | 2.7% | 1.6% | Left the top 10 |
| — | Cornerstone Strategic Value Fund Inc (CLM) | 2.6% | 1.6% | 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).