Thomas J Herzfeld Advisors Inc's Q4 2022 13F: 34 new positions, 15 exits
Form 13F-HR for the quarter ended Dec 31, 2022 · filed Feb 14, 2023 · 317 reported positions · accession 0001398344-23-003265
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | Wisdomtree Tr (USFR) | 14.5% | 3.2% | −11.3 pts | −520K sh | −77% |
| Exited | iShares Tr (AGG) | 5.9% | — | −5.9 pts | −143K sh | −100% |
| New | Oxford Lane Cap Corp (OXLC) | — | 5.5% | +5.5 pts | +2.64M sh | new |
| Increased | Cornerstone Strategic Value Fund Inc (CLM) | 1.3% | 3.3% | +2.0 pts | +749K sh | +215% |
| Increased | Saba Capital Income & Opportunities Fund (BRW) | 4.2% | 6.1% | +1.8 pts | +691K sh | +55% |
| Reduced | Nexpoint Diversified Rel Et (HCF) | 8.2% | 5.6% | −2.7 pts | −328K sh | −21% |
| Exited | High Income Secs Fd Shs (PCF) | 1.3% | — | −1.3 pts | −437K sh | −100% |
| New | Aberdeen Asia Pacific Income (FAX) | — | 1.3% | +1.3 pts | +1.19M sh | new |
| Increased | The Gabelli Dividend & Income Trust (GDV) | 0.0% | 1.1% | +1.1 pts | +125K sh | +8725% |
| New | Neuberger Brman Next Genera (NBXG) | — | 1.1% | +1.1 pts | +283K sh | new |
| Increased | BlackRock Innovation and Grw (BTX) | 0.0% | 1.0% | +1.0 pts | +373K sh | +53393% |
| Increased | BlackRock Science and Technology Trust II (BSTZ) | 0.0% | 1.0% | +1.0 pts | +159K sh | +158903% |
| New | PIMCO Global StocksPLS Inc. (PGP) | — | 1.0% | +1.0 pts | +357K sh | new |
| New | The Gabelli Healthcare & Wellness Trust (GRX) | — | 1.0% | +1.0 pts | +238K sh | new |
| Increased | Tortoise Pwr & Energy Infras (TPZ) | 0.1% | 1.0% | +0.9 pts | +168K sh | +625% |
| Increased | Cornerstone Total Rtrn Fd In (CRF) | 0.8% | 1.6% | +0.7 pts | +301K sh | +126% |
| New | Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) | — | 0.8% | +0.8 pts | +106K sh | new |
| Increased | Sutter Rock Cap Corp (SSSS) | 0.1% | 0.9% | +0.8 pts | +488K sh | +844% |
| New | Barings Global Short Duration High Yield Fund (BGH) | — | 0.7% | +0.7 pts | +131K sh | new |
| Exited | PIMCO Dynamic Income Fd (PDI) | 0.6% | — | −0.6 pts | −73,818 sh | −100% |
| Reduced | Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (WIW) | 0.6% | 0.0% | −0.6 pts | −161K sh | −97% |
| Increased | Aberdeen Std Global Infrastructure (ASGI) | 0.6% | 1.0% | +0.5 pts | +63,865 sh | +78% |
| Increased | Apollo Tactical Income Fund Inc (AIF) | 1.2% | 1.6% | +0.4 pts | +82,848 sh | +34% |
| Exited | Special Opportunities Fund Inc. (SPE) | 0.4% | — | −0.4 pts | −83,913 sh | −100% |
| Increased | Nuveen Mortgage and Income Fund (JLS) | 0.9% | 1.2% | +0.3 pts | +52,554 sh | +42% |
| Reduced | Angel Oak Final Strategies Incm Trm Trst (FINS) | 1.3% | 0.8% | −0.4 pts | −64,669 sh | −30% |
| Increased | Western Asset Mortgage Opp Fund Inc. (DMO) | 0.9% | 1.1% | +0.3 pts | +74,304 sh | +41% |
| New | First Trust Aberdeen Global Opportunity Income Fund (FAM) | — | 0.3% | +0.3 pts | +133K sh | new |
| Increased | ProShares TR (SJB) | 3.8% | 3.8% | 0.0 pts | +37,657 sh | +8% |
| Increased | Highland Floating Rate Opportunities Fund (HFRO) | 9.9% | 10.4% | +0.5 pts | +65,872 sh | +3% |
| Reduced | Boulder Growth & Income Fund Inc (STEW) | 2.2% | 2.2% | 0.0 pts | −46,497 sh | −10% |
| Increased | Vertical Capital Income Fund (CCIF) | 1.7% | 1.8% | +0.1 pts | +60,855 sh | +14% |
| Exited | Bancolombia SA (CIB) | 0.2% | — | −0.2 pts | −20,280 sh | −100% |
| Increased | Nuveen Short Duration Cr Opp (JSD) | 1.3% | 1.4% | +0.1 pts | +39,051 sh | +15% |
| Reduced | Consolidated Water Co Ltd (CWCO) | 0.2% | 0.0% | −0.2 pts | −31,000 sh | −84% |
| Reduced | The Herzfeld Caribbean Basin Fund Inc (CUBA) | 1.0% | 0.8% | −0.2 pts | −122K sh | −20% |
| Reduced | Copa Holdings SA (CPA) | 0.6% | 0.5% | −0.1 pts | −5,000 sh | −25% |
| Increased | Tortoise Energy Independence (NDP) | 2.2% | 2.3% | +0.1 pts | +12,519 sh | +7% |
| Increased | PIMCO Enrgy Tactical Cr Opp (PDX) | 4.4% | 4.8% | +0.4 pts | +22,695 sh | +3% |
| Reduced | BlackRock ESG Cap Allc Tr (ECAT) | 1.5% | 1.4% | −0.1 pts | −23,684 sh | −9% |
| Reduced | Nuveen Mutli Asset Income Fund (NMAI) | 1.1% | 1.0% | −0.1 pts | −26,004 sh | −11% |
| Exited | ProShares UltraShort S&P50 (SDS) | 0.1% | — | −0.1 pts | −4,345 sh | −100% |
| Increased | Adams Natural Resources Fund Inc (PEO) | 1.5% | 1.7% | +0.2 pts | +8,008 sh | +4% |
| Increased | Nuveen Real Asset Income and Growth Fund (JRI) | 1.0% | 1.0% | +0.1 pts | +13,970 sh | +7% |
| Reduced | General American Investors Co Inc (GAM) | 1.1% | 1.0% | 0.0 pts | −4,333 sh | −6% |
| Reduced | Central Securities Corp (CET) | 1.5% | 1.4% | −0.1 pts | −4,618 sh | −4% |
| Reduced | Playa Hotels & Resorts Nv (PLYA) | 0.2% | 0.2% | 0.0 pts | −20,000 sh | −20% |
| Reduced | BlackRock Cap Allocation Tr (BCAT) | 1.6% | 1.5% | −0.1 pts | −9,345 sh | −3% |
| Exited | Carnival Corp (CCL) | 0.1% | — | −0.1 pts | −17,559 sh | −100% |
| Reduced | PGT Innovations Inc (PGTI) | 0.7% | 0.5% | −0.2 pts | −7,000 sh | −9% |
The 50 largest of 193 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 — 47.1% of the equity book
Changes in the top 10 this quarter: OXLC entered · CLM entered · AGG left · CCIF left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Highland Floating Rate Opportunities Fund (HFRO) | 9.9% | 10.4% | |
| 2 | Saba Capital Income & Opportunities Fund (BRW) | 4.2% | 6.1% | |
| 3 | Nexpoint Diversified Rel Et (HCF) | 8.2% | 5.6% | |
| 4 | Oxford Lane Cap Corp (OXLC) | 0.0% | 5.5% | Entered the top 10 |
| 5 | PIMCO Enrgy Tactical Cr Opp (PDX) | 4.4% | 4.8% | |
| 6 | ProShares TR (SJB) | 3.8% | 3.8% | |
| 7 | Cornerstone Strategic Value Fund Inc (CLM) | 1.3% | 3.3% | Entered the top 10 |
| 8 | Wisdomtree Tr (USFR) | 14.5% | 3.2% | |
| 9 | Tortoise Energy Independence (NDP) | 2.2% | 2.3% | |
| 10 | Boulder Growth & Income Fund Inc (STEW) | 2.2% | 2.2% | |
| — | iShares Tr (AGG) | 5.9% | 0.0% | Left the top 10 |
| — | Vertical Capital Income Fund (CCIF) | 1.7% | 1.8% | 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).