Thomas J Herzfeld Advisors Inc's Q3 2022 13F: 27 new positions, 37 exits
Form 13F-HR for the quarter ended Sep 30, 2022 · filed Nov 14, 2022 · 298 reported positions · accession 0001398344-22-022049
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | Wisdomtree Tr (USFR) | 4.2% | 14.5% | +10.3 pts | +475K sh | +239% |
| New | iShares Tr (AGG) | — | 5.9% | +5.9 pts | +143K sh | new |
| New | ProShares TR (SJB) | — | 3.8% | +3.8 pts | +448K sh | new |
| Reduced | Cornerstone Strategic Value Fund Inc (CLM) | 4.0% | 1.3% | −2.8 pts | −786K sh | −69% |
| Exited | ProShares TR (TBF) | 1.3% | — | −1.3 pts | −160K sh | −100% |
| Reduced | High Income Secs Fd Shs (PCF) | 2.6% | 1.3% | −1.3 pts | −428K sh | −49% |
| Reduced | BlackRock Science and Technology Trust II (BSTZ) | 1.0% | 0.0% | −1.0 pts | −128K sh | −100% |
| Exited | Invesco Sr Income Tr (VVR) | 1.0% | — | −1.0 pts | −643K sh | −100% |
| Exited | Western Asset Diversifised In (WDI) | 1.0% | — | −1.0 pts | −168K sh | −100% |
| Reduced | Sutter Rock Cap Corp (SSSS) | 1.7% | 0.1% | −1.6 pts | −585K sh | −91% |
| Reduced | Adams Diversified Equity Fund Inc (ADX) | 1.0% | 0.0% | −0.9 pts | −148K sh | −99% |
| Exited | Cohen & Steers Tax Advan Pfd (PTA) | 0.9% | — | −0.9 pts | −114K sh | −100% |
| Exited | Neuberger Brman Next Genera (NBXG) | 0.9% | — | −0.9 pts | −209K sh | −100% |
| Reduced | PIMCO Dynamic Income Fd (PDI) | 1.5% | 0.6% | −0.9 pts | −99,800 sh | −57% |
| Reduced | Cornerstone Total Rtrn Fd In (CRF) | 1.6% | 0.8% | −0.8 pts | −237K sh | −50% |
| Exited | Saratoga Invt Corp (SAR) | 0.8% | — | −0.8 pts | −81,998 sh | −100% |
| Reduced | BlackRock Innovation and Grw (BTX) | 0.8% | 0.0% | −0.8 pts | −248K sh | −100% |
| Increased | PIMCO Enrgy Tactical Cr Opp (PDX) | 3.4% | 4.4% | +1.0 pts | +125K sh | +20% |
| New | Cushing MLP & Infrastruct (SRV) | — | 0.6% | +0.6 pts | +46,524 sh | new |
| Exited | AllianzGI Artificial Intelligence Opp Fund (AIO) | 0.6% | — | −0.6 pts | −92,226 sh | −100% |
| Increased | Saba Capital Income & Opportunities Fund (BRW) | 3.6% | 4.2% | +0.6 pts | +177K sh | +16% |
| New | Goldman Sachs MLP Energy Ren (GER) | — | 0.6% | +0.6 pts | +111K sh | new |
| Exited | Nuveen Core Plus Impact Fund (NPCT) | 0.5% | — | −0.5 pts | −113K sh | −100% |
| Reduced | Special Opportunities Fund Inc. (SPE) | 1.0% | 0.4% | −0.6 pts | −106K sh | −56% |
| Exited | Eagle Pt Cr Co LLC (ECC) | 0.5% | — | −0.5 pts | −94,431 sh | −100% |
| Reduced | Highland Floating Rate Opportunities Fund (HFRO) | 11.6% | 9.9% | −1.7 pts | −92,392 sh | −4% |
| Exited | Oxford Lane Cap Corp (OXLC) | 0.4% | — | −0.4 pts | −158K sh | −100% |
| Increased | Nuveen Short Duration Cr Opp (JSD) | 0.9% | 1.3% | +0.4 pts | +72,501 sh | +40% |
| Reduced | Boulder Growth & Income Fund Inc (STEW) | 2.7% | 2.2% | −0.5 pts | −74,992 sh | −14% |
| Exited | OFS Credit Company Inc (OCCI) | 0.3% | — | −0.3 pts | −81,141 sh | −100% |
| Reduced | Angel Oak Final Strategies Incm Trm Trst (FINS) | 1.6% | 1.3% | −0.3 pts | −44,157 sh | −17% |
| Reduced | BlackRock ESG Cap Allc Tr (ECAT) | 1.9% | 1.5% | −0.4 pts | −44,502 sh | −14% |
| Increased | Tortoise Energy Independence (NDP) | 1.8% | 2.2% | +0.3 pts | +16,488 sh | +10% |
| Reduced | BlackRock Cap Allocation Tr (BCAT) | 1.9% | 1.6% | −0.3 pts | −30,486 sh | −10% |
| Reduced | First BanCorp/Puerto Rico (FBP) | 1.0% | 0.9% | −0.1 pts | −27,607 sh | −15% |
| Reduced | Popular Inc (BPOP) | 1.0% | 0.8% | −0.2 pts | −4,915 sh | −16% |
| New | Investco CurrencyShares Japan (FXY) | — | 0.1% | +0.1 pts | +5,226 sh | new |
| New | Tortoise Pwr & Energy Infras (TPZ) | — | 0.1% | +0.1 pts | +26,910 sh | new |
| Increased | Aberdeen Std Global Infrastructure (ASGI) | 0.5% | 0.6% | +0.1 pts | +20,634 sh | +33% |
| Increased | Royal Caribbean Cruises Ltd (RCL) | 0.3% | 0.5% | +0.2 pts | +8,293 sh | +42% |
| Increased | Norwegian Cruise Line Holdings Ltd (NCLH) | 0.4% | 0.6% | +0.1 pts | +24,861 sh | +27% |
| New | ProShares UltraShort S&P50 (SDS) | — | 0.1% | +0.1 pts | +4,345 sh | new |
| Reduced | Apollo Tactical Income Fund Inc (AIF) | 1.3% | 1.2% | −0.1 pts | −18,060 sh | −7% |
| Exited | Logan Ridge Finance Corp (LRFC) | 0.1% | — | −0.1 pts | −13,763 sh | −100% |
| Increased | Destra Multi-Alternative Fd (DMA) | 0.1% | 0.2% | +0.1 pts | +30,210 sh | +77% |
| New | Center Coast Brkfld MLP Enrg (CEN) | — | 0.1% | +0.1 pts | +11,849 sh | new |
| Exited | Mexico Equity & Income Fd (MXE) | 0.1% | — | −0.1 pts | −24,888 sh | −100% |
| Increased | Western Asset Mortgage Opp Fund Inc. (DMO) | 0.8% | 0.9% | +0.1 pts | +17,369 sh | +10% |
| Increased | Nexpoint Diversified Rel Et (HCF) | 10.4% | 8.2% | −2.2 pts | +14,703 sh | +1% |
| Increased | The Herzfeld Caribbean Basin Fund Inc (CUBA) | 1.0% | 1.0% | 0.0 pts | +49,689 sh | +9% |
The 50 largest of 162 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:
- Collaborative Investmnt Ser (SOGU): 19423L631 → 46144X644, 238 → 200 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 57.0% of the equity book
Changes in the top 10 this quarter: AGG entered · SJB entered · NDP entered · CCIF entered · CLM left · PCF left · BCAT left · ECAT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Wisdomtree Tr (USFR) | 4.2% | 14.5% | |
| 2 | Highland Floating Rate Opportunities Fund (HFRO) | 11.6% | 9.9% | |
| 3 | Nexpoint Diversified Rel Et (HCF) | 10.4% | 8.2% | |
| 4 | iShares Tr (AGG) | 0.0% | 5.9% | Entered the top 10 |
| 5 | PIMCO Enrgy Tactical Cr Opp (PDX) | 3.4% | 4.4% | |
| 6 | Saba Capital Income & Opportunities Fund (BRW) | 3.6% | 4.2% | |
| 7 | ProShares TR (SJB) | 0.0% | 3.8% | Entered the top 10 |
| 8 | Boulder Growth & Income Fund Inc (STEW) | 2.7% | 2.2% | |
| 9 | Tortoise Energy Independence (NDP) | 1.8% | 2.2% | Entered the top 10 |
| 10 | Vertical Capital Income Fund (CCIF) | 1.7% | 1.7% | Entered the top 10 |
| — | Cornerstone Strategic Value Fund Inc (CLM) | 4.0% | 1.3% | Left the top 10 |
| — | High Income Secs Fd Shs (PCF) | 2.6% | 1.3% | Left the top 10 |
| — | BlackRock Cap Allocation Tr (BCAT) | 1.9% | 1.6% | Left the top 10 |
| — | BlackRock ESG Cap Allc Tr (ECAT) | 1.9% | 1.5% | 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).