Thomas J Herzfeld Advisors Inc's Q1 2022 13F: 14 new positions, 51 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 16, 2022 · 320 reported positions · accession 0001398344-22-009694
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | Nexpoint Diversified Rel Et (HCF) | 7.4% | 10.6% | +3.2 pts | +282K sh | +19% |
| Increased | Saba Capital Income & Opportunities Fund (BRW) | 1.7% | 3.2% | +1.4 pts | +816K sh | +77% |
| Reduced | Cornerstone Total Rtrn Fd In (CRF) | 1.6% | 0.3% | −1.3 pts | −258K sh | −82% |
| Increased | Adams Natural Resources Fund Inc (PEO) | 0.0% | 1.4% | +1.3 pts | +167K sh | +2376% |
| Increased | Sutter Rock Cap Corp (SSSS) | 1.4% | 2.1% | +0.7 pts | +349K sh | +119% |
| Reduced | Central Securities Corp (CET) | 2.9% | 1.7% | −1.2 pts | −72,325 sh | −40% |
| Increased | Nuveen Credit Strategies Income Fund (JQC) | 0.0% | 1.1% | +1.1 pts | +484K sh | +54447% |
| Reduced | Nuveen Real Estate Income Fund (JRS) | 1.2% | 0.1% | −1.2 pts | −247K sh | −95% |
| Reduced | Cornerstone Strategic Value Fund Inc (CLM) | 1.6% | 0.6% | −1.0 pts | −197K sh | −64% |
| Reduced | ProShares TR (TBF) | 2.2% | 1.5% | −0.7 pts | −153K sh | −40% |
| Increased | BlackRock Innovation and Grw (BTX) | 0.1% | 1.1% | +0.9 pts | +225K sh | +1060% |
| Increased | Highland Floating Rate Opportunities Fund (HFRO) | 10.9% | 13.1% | +2.3 pts | +214K sh | +8% |
| Reduced | Special Opportunities Fund Inc. (SPE) | 1.2% | 0.3% | −0.9 pts | −166K sh | −76% |
| Reduced | PIMCO Global StocksPLS Inc. (PGP) | 1.0% | 0.1% | −0.9 pts | −233K sh | −90% |
| Reduced | OFS Credit Company Inc (OCCI) | 1.2% | 0.4% | −0.8 pts | −163K sh | −66% |
| Reduced | PGIM Global Short Duration High Yield Fund, Inc. (GHY) | 1.0% | 0.2% | −0.8 pts | −146K sh | −80% |
| Increased | Saratoga Invt Corp (SAR) | 1.1% | 1.7% | +0.6 pts | +63,359 sh | +63% |
| Increased | PIMCO Enrgy Tactical Cr Opp (PDX) | 2.3% | 3.4% | +1.1 pts | +116K sh | +24% |
| Reduced | PGIM Short Duration High Yield Fund, Inc. (ISD) | 1.0% | 0.3% | −0.7 pts | −119K sh | −67% |
| New | Invesco Sr Income Tr (VVR) | — | 0.6% | +0.6 pts | +393K sh | new |
| Reduced | MasTec Inc (MTZ) | 2.1% | 1.4% | −0.6 pts | −18,188 sh | −29% |
| Exited | First Trust Ultra Short Duration Municipal (FUMB) | 0.6% | — | −0.6 pts | −80,047 sh | −100% |
| Reduced | Oxford Lane Cap Corp (OXLC) | 1.3% | 0.7% | −0.5 pts | −188K sh | −42% |
| Exited | Tortoise Energy Infra Corp (TYG) | 0.5% | — | −0.5 pts | −48,536 sh | −100% |
| Increased | BlackRock Cap Allocation Tr (BCAT) | 1.6% | 1.9% | +0.3 pts | +78,718 sh | +34% |
| Increased | BlackRock ESG Cap Allc Tr (ECAT) | 1.6% | 1.9% | +0.4 pts | +75,732 sh | +33% |
| New | Nuveen Short Duration Cr Opp (JSD) | — | 0.4% | +0.4 pts | +81,956 sh | new |
| Reduced | BlackRock Science and Technology Trust II (BSTZ) | 2.3% | 1.4% | −0.9 pts | −38,513 sh | −23% |
| Exited | JP Morgan Exchange-Traded F (JMST) | 0.4% | — | −0.4 pts | −21,358 sh | −100% |
| Increased | Clearbridge MLP and Midstrm (CTR) | 0.1% | 0.4% | +0.4 pts | +34,567 sh | +588% |
| Increased | Clearbridge MLP And Midstrm (CEM) | 0.5% | 1.0% | +0.5 pts | +28,069 sh | +51% |
| Exited | DTF Tax-Free Income Inc (DTF) | 0.4% | — | −0.4 pts | −68,037 sh | −100% |
| Increased | Norwegian Cruise Line Holdings Ltd (NCLH) | 0.4% | 0.8% | +0.4 pts | +42,000 sh | +84% |
| Reduced | General American Investors Co Inc (GAM) | 1.5% | 1.2% | −0.3 pts | −19,275 sh | −20% |
| New | Invesco Exch Traded Fd Tr II (PVI) | — | 0.3% | +0.3 pts | +32,457 sh | new |
| Exited | Exchange Listed FDS Tr (CEFS) | 0.3% | — | −0.3 pts | −37,414 sh | −100% |
| Exited | Pimco New York Municipal Income Fund II (PNI) | 0.2% | — | −0.2 pts | −56,290 sh | −100% |
| Exited | BlackRock Calif Mun Income (BFZ) | 0.2% | — | −0.2 pts | −42,870 sh | −100% |
| Exited | Rivernorth Flexible Mun Income (RFM) | 0.2% | — | −0.2 pts | −28,200 sh | −100% |
| Exited | MFS Investment Grade Municipal Trust (CXH) | 0.2% | — | −0.2 pts | −59,765 sh | −100% |
| Reduced | Salient Midstream & MLP Fd (SMM) | 0.4% | 0.3% | −0.1 pts | −65,187 sh | −38% |
| Increased | Eagle Pt Cr Co LLC (ECC) | 1.1% | 1.3% | +0.2 pts | +39,834 sh | +18% |
| Exited | Pioneer Mun High Income Oppo (MIO) | 0.2% | — | −0.2 pts | −29,265 sh | −100% |
| Exited | Vaneck Vectors ETF Tr (XMPT) | 0.2% | — | −0.2 pts | −18,104 sh | −100% |
| Increased | New Fortress Energy Inc (NFE) | 0.3% | 0.7% | +0.4 pts | +12,000 sh | +34% |
| New | Consolidated Water Co Ltd (CWCO) | — | 0.2% | +0.2 pts | +44,092 sh | new |
| Reduced | Ishares Tr 13 Yr (SHY) | 0.4% | 0.2% | −0.2 pts | −5,354 sh | −42% |
| Exited | Pioneer Municipal High Income Trust (MHI) | 0.2% | — | −0.2 pts | −35,612 sh | −100% |
| Exited | Invesco Exch Traded Fd Tr II (PCEF) | 0.2% | — | −0.2 pts | −17,934 sh | −100% |
| Increased | Clearbridge Energy Midstrm O (EMO) | 0.4% | 0.7% | +0.3 pts | +13,650 sh | +25% |
The 50 largest of 190 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 — 44.1% of the equity book
Changes in the top 10 this quarter: BRW entered · SSSS entered · ECAT entered · BCAT entered · CET left · BSTZ left · TBF left · MTZ left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Highland Floating Rate Opportunities Fund (HFRO) | 10.9% | 13.1% | |
| 2 | Nexpoint Diversified Rel Et (HCF) | 7.4% | 10.6% | |
| 3 | PIMCO Enrgy Tactical Cr Opp (PDX) | 2.3% | 3.4% | |
| 4 | Saba Capital Income & Opportunities Fund (BRW) | 1.7% | 3.2% | Entered the top 10 |
| 5 | Boulder Growth & Income Fund Inc (STEW) | 2.7% | 3.0% | |
| 6 | High Income Secs Fd Shs (PCF) | 2.6% | 2.5% | |
| 7 | PIMCO Dynamic Income Fd (PDI) | 2.4% | 2.4% | |
| 8 | Sutter Rock Cap Corp (SSSS) | 1.4% | 2.1% | Entered the top 10 |
| 9 | BlackRock ESG Cap Allc Tr (ECAT) | 1.6% | 1.9% | Entered the top 10 |
| 10 | BlackRock Cap Allocation Tr (BCAT) | 1.6% | 1.9% | Entered the top 10 |
| — | Central Securities Corp (CET) | 2.9% | 1.7% | Left the top 10 |
| — | BlackRock Science and Technology Trust II (BSTZ) | 2.3% | 1.4% | Left the top 10 |
| — | ProShares TR (TBF) | 2.2% | 1.5% | Left the top 10 |
| — | MasTec Inc (MTZ) | 2.1% | 1.4% | 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).