Thomas J Herzfeld Advisors Inc's Q2 2022 13F: 17 new positions, 30 exits
Form 13F-HR for the quarter ended Jun 30, 2022 · filed Aug 10, 2022 · 307 reported positions · accession 0001398344-22-015222
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | Wisdomtree Tr (USFR) | — | 4.2% | +4.2 pts | +199K sh | new |
| Increased | Cornerstone Strategic Value Fund Inc (CLM) | 0.6% | 4.0% | +3.4 pts | +1.02M sh | +914% |
| Reduced | Highland Floating Rate Opportunities Fund (HFRO) | 13.1% | 11.6% | −1.5 pts | −452K sh | −15% |
| Reduced | Nexpoint Diversified Rel Et (HCF) | 10.6% | 10.4% | −0.2 pts | −265K sh | −15% |
| Increased | Cornerstone Total Rtrn Fd In (CRF) | 0.3% | 1.6% | +1.4 pts | +421K sh | +752% |
| Exited | Nuveen Credit Strategies Income Fund (JQC) | 1.1% | — | −1.1 pts | −485K sh | −100% |
| Reduced | Eagle Pt Cr Co LLC (ECC) | 1.3% | 0.5% | −0.8 pts | −170K sh | −64% |
| Reduced | Saratoga Invt Corp (SAR) | 1.7% | 0.8% | −0.9 pts | −82,251 sh | −50% |
| Reduced | PIMCO Dynamic Income Fd (PDI) | 2.4% | 1.5% | −0.9 pts | −90,493 sh | −34% |
| Increased | Special Opportunities Fund Inc. (SPE) | 0.3% | 1.0% | +0.7 pts | +138K sh | +267% |
| Exited | Neuberger Berman MLP Income Fund Inc (NML) | 0.7% | — | −0.7 pts | −286K sh | −100% |
| Reduced | ProShares TR (TBF) | 1.5% | 1.3% | −0.2 pts | −73,176 sh | −31% |
| Increased | Clearbridge MLP And Midstrm (CEM) | 1.0% | 1.6% | +0.5 pts | +49,375 sh | +60% |
| Increased | Clearbridge MLP and Midstrm (CTR) | 0.4% | 1.0% | +0.6 pts | +53,439 sh | +132% |
| Increased | Nuveen Short Duration Cr Opp (JSD) | 0.4% | 0.9% | +0.5 pts | +99,551 sh | +121% |
| Reduced | MasTec Inc (MTZ) | 1.4% | 0.9% | −0.5 pts | −13,818 sh | −32% |
| Increased | Invesco Sr Income Tr (VVR) | 0.6% | 1.0% | +0.4 pts | +250K sh | +64% |
| Reduced | Salient Midstream & MLP Fd (SMM) | 0.3% | 0.0% | −0.3 pts | −102K sh | −95% |
| Reduced | Invesco Exch Traded Fd Tr II (PVI) | 0.3% | 0.0% | −0.3 pts | −28,457 sh | −88% |
| Increased | New Fortress Energy Inc (NFE) | 0.7% | 1.0% | +0.3 pts | +16,691 sh | +36% |
| Reduced | Oxford Lane Cap Corp (OXLC) | 0.7% | 0.4% | −0.3 pts | −101K sh | −39% |
| Reduced | PGIM Short Duration High Yield Fund, Inc. (ISD) | 0.3% | 0.1% | −0.3 pts | −46,500 sh | −81% |
| New | Playa Hotels & Resorts Nv (PLYA) | — | 0.2% | +0.2 pts | +74,412 sh | new |
| Increased | Vertical Capital Income Fund (CCIF) | 1.5% | 1.7% | +0.2 pts | +44,448 sh | +11% |
| Reduced | NextEra Energy Inc (NEE) | 0.9% | 0.7% | −0.2 pts | −5,144 sh | −19% |
| Reduced | Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (WIW) | 0.9% | 0.7% | −0.2 pts | −36,190 sh | −18% |
| Reduced | Nuveen Core Plus Impact Fund (NPCT) | 0.8% | 0.5% | −0.2 pts | −28,588 sh | −20% |
| Increased | PIMCO Enrgy Tactical Cr Opp (PDX) | 3.4% | 3.4% | 0.0 pts | +25,448 sh | +4% |
| Reduced | PGIM Global Short Duration High Yield Fund, Inc. (GHY) | 0.2% | 0.0% | −0.1 pts | −26,351 sh | −73% |
| Increased | Tortoise Energy Independence (NDP) | 1.7% | 1.8% | +0.1 pts | +10,934 sh | +7% |
| Increased | The Herzfeld Caribbean Basin Fund Inc (CUBA) | 1.0% | 1.0% | 0.0 pts | +71,308 sh | +14% |
| Increased | Clearbridge Energy Midstrm O (EMO) | 0.7% | 0.8% | +0.1 pts | +10,844 sh | +16% |
| Increased | Nuveen Mutli Asset Income Fund (NMAI) | 1.4% | 1.4% | 0.0 pts | +18,218 sh | +8% |
| New | Exchange Listed FDS Tr (CEFS) | — | 0.1% | +0.1 pts | +13,557 sh | new |
| Reduced | Adams Diversified Equity Fund Inc (ADX) | 1.1% | 1.0% | −0.2 pts | −15,110 sh | −9% |
| Increased | Angel Oak Final Strategies Incm Trm Trst (FINS) | 1.5% | 1.6% | +0.1 pts | +13,406 sh | +5% |
| Increased | Western Asset Mortgage Opp Fund Inc. (DMO) | 0.8% | 0.8% | 0.0 pts | +14,647 sh | +10% |
| Exited | Crescent Cap BDC Inc. (CCAP) | 0.1% | — | −0.1 pts | −10,537 sh | −100% |
| Reduced | Cemex SAB de CV (CX) | 0.4% | 0.3% | −0.1 pts | −40,000 sh | −18% |
| Reduced | First BanCorp/Puerto Rico (FBP) | 1.0% | 1.0% | 0.0 pts | −12,000 sh | −6% |
| Exited | Nuveen Real Estate Income Fund (JRS) | 0.1% | — | −0.1 pts | −14,296 sh | −100% |
| Reduced | Central Securities Corp (CET) | 1.7% | 1.5% | −0.2 pts | −4,276 sh | −4% |
| Reduced | PIMCO Global StocksPLS Inc. (PGP) | 0.1% | 0.0% | −0.1 pts | −18,532 sh | −71% |
| Reduced | Apollo Tactical Income Fund Inc (AIF) | 1.5% | 1.3% | −0.2 pts | −11,765 sh | −4% |
| Increased | High Income Secs Fd Shs (PCF) | 2.5% | 2.6% | +0.1 pts | +19,098 sh | +2% |
| Reduced | Grupo Aeroportuario del Sureste SAB de CV (ASR) | 0.5% | 0.4% | −0.1 pts | −700 sh | −12% |
| Exited | Newtek Business Svcs Corp (NEWT) | 0.1% | — | −0.1 pts | −5,417 sh | −100% |
| Increased | BlackRock ESG Cap Allc Tr (ECAT) | 1.9% | 1.9% | 0.0 pts | +8,484 sh | +3% |
| Increased | Cohen & Steers Tax Advan Pfd (PTA) | 0.9% | 0.9% | 0.0 pts | +6,023 sh | +6% |
| Reduced | General American Investors Co Inc (GAM) | 1.2% | 1.1% | −0.1 pts | −3,173 sh | −4% |
The 50 largest of 182 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- Aspen Technology Inc. (AZPN): 045327103 → 29109X106, 33 → 14 shares (share count changed with the identifier; not shown as a trade)
- Saba Capital Income & Opportunities Fund (BRW): 78518H103 → 78518H202, 1.87M → 1.08M shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 46.2% of the equity book
Changes in the top 10 this quarter: USFR entered · CLM entered · PDI left · SSSS left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Highland Floating Rate Opportunities Fund (HFRO) | 13.1% | 11.6% | |
| 2 | Nexpoint Diversified Rel Et (HCF) | 10.6% | 10.4% | |
| 3 | Wisdomtree Tr (USFR) | 0.0% | 4.2% | Entered the top 10 |
| 4 | Cornerstone Strategic Value Fund Inc (CLM) | 0.6% | 4.0% | Entered the top 10 |
| 5 | Saba Capital Income & Opportunities Fund (BRW) | 3.2% | 3.6% | |
| 6 | PIMCO Enrgy Tactical Cr Opp (PDX) | 3.4% | 3.4% | |
| 7 | Boulder Growth & Income Fund Inc (STEW) | 3.0% | 2.7% | |
| 8 | High Income Secs Fd Shs (PCF) | 2.5% | 2.6% | |
| 9 | BlackRock Cap Allocation Tr (BCAT) | 1.9% | 1.9% | |
| 10 | BlackRock ESG Cap Allc Tr (ECAT) | 1.9% | 1.9% | |
| — | PIMCO Dynamic Income Fd (PDI) | 2.4% | 1.5% | Left the top 10 |
| — | Sutter Rock Cap Corp (SSSS) | 2.1% | 1.7% | 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).