Thomas J Herzfeld Advisors Inc's Q1 2023 13F: 28 new positions, 23 exits

Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 15, 2023 · 322 reported positions · accession 0001398344-23-009756 · Amended

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Increased Wisdomtree Tr (USFR) 3.2% 7.1% +3.9 pts +193K sh +125%
Exited ProShares TR (SJB) 3.8% — −3.8 pts −486K sh −100%
New iShares Tr (TFLO) — 3.5% +3.5 pts +170K sh new
New ProShares UltraShort S&P50 (SDS) — 2.5% +2.5 pts +155K sh new
Increased Highland Floating Rate Opportunities Fund (HFRO) 10.4% 10.4% +0.1 pts +476K sh +19%
Reduced Apollo Tactical Income Fund Inc (AIF) 1.6% 0.0% −1.6 pts −328K sh −100%
Increased Saba Capital Income & Opportunities Fund (BRW) 6.1% 8.0% +1.9 pts +484K sh +25%
Reduced Cornerstone Strategic Value Fund Inc (CLM) 3.3% 2.2% −1.1 pts −410K sh −37%
Exited Aberdeen Asia Pacific Income (FAX) 1.3% — −1.3 pts −1.19M sh −100%
Reduced BlackRock Innovation and Grw (BTX) 1.0% 0.0% −1.0 pts −373K sh −100%
Reduced BlackRock Science and Technology Trust II (BSTZ) 1.0% 0.0% −1.0 pts −159K sh −100%
Exited Neuberger Brman Next Genera (NBXG) 1.1% — −1.1 pts −283K sh −100%
New Morgan Stanley Emerging Mkts (EDD) — 1.0% +1.0 pts +541K sh new
Exited Clearbridge Energy Midstrm O (EMO) 0.9% — −0.9 pts −79,376 sh −100%
Reduced Sutter Rock Cap Corp (SSSS) 0.9% 0.0% −0.8 pts −543K sh −99%
New Blackstone Strategic Cred 20 (BGB) — 0.8% +0.8 pts +183K sh new
Exited Cushing MLP & Infrastruct (SRV) 0.6% — −0.6 pts −45,963 sh −100%
Increased BlackRock ESG Cap Allc Tr (ECAT) 1.4% 2.2% +0.8 pts +98,988 sh +40%
Reduced Clearbridge MLP And Midstrm (CEM) 1.8% 1.1% −0.7 pts −46,001 sh −35%
Reduced Cornerstone Total Rtrn Fd In (CRF) 1.6% 1.1% −0.5 pts −180K sh −33%
Increased BlackRock Cap Allocation Tr (BCAT) 1.5% 2.2% +0.6 pts +83,936 sh +31%
Reduced Tortoise Energy Independence (NDP) 2.3% 1.7% −0.6 pts −43,695 sh −23%
Increased Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) 0.8% 1.2% +0.4 pts +64,013 sh +61%
Reduced Adams Natural Resources Fund Inc (PEO) 1.7% 1.1% −0.6 pts −52,204 sh −27%
Increased The Gabelli Healthcare & Wellness Trust (GRX) 1.0% 1.3% +0.3 pts +89,768 sh +38%
Exited First Trust Aberdeen Global Opportunity Income Fund (FAM) 0.3% — −0.3 pts −133K sh −100%
Increased Angel Oak Final Strategies Incm Trm Trst (FINS) 0.8% 1.1% +0.3 pts +63,774 sh +41%
Reduced Clearbridge MLP and Midstrm (CTR) 1.0% 0.7% −0.3 pts −26,438 sh −30%
Reduced Barings Global Short Duration High Yield Fund (BGH) 0.7% 0.4% −0.3 pts −53,550 sh −41%
Exited Ishares Tr 13 Yr (SHY) 0.2% — −0.2 pts −7,481 sh −100%
Reduced PIMCO Enrgy Tactical Cr Opp (PDX) 4.8% 4.4% −0.4 pts −40,965 sh −5%
Increased Nexpoint Diversified Rel Et (HCF) 5.6% 5.3% −0.2 pts +55,643 sh +5%
New Insight Select Income Fd (INSI) — 0.2% +0.2 pts +35,142 sh new
Increased Oxford Lane Cap Corp (OXLC) 5.5% 5.7% +0.2 pts +65,316 sh +2%
Increased Western Asset Mortgage Opp Fund Inc. (DMO) 1.1% 1.2% +0.1 pts +31,172 sh +12%
Reduced MasTec Inc (MTZ) 1.0% 1.0% 0.0 pts −3,300 sh −11%
Increased New Fortress Energy Inc (NFE) 1.1% 0.9% −0.2 pts +10,000 sh +16%
Increased Popular Inc (BPOP) 0.7% 0.7% 0.0 pts +3,803 sh +15%
Reduced Lennar Corp (LEN) 0.5% 0.4% 0.0 pts −2,000 sh −16%
Increased PIMCO Global StocksPLS Inc. (PGP) 1.0% 1.1% +0.1 pts +25,603 sh +7%
New ORG Bancorp (OFG) — 0.1% +0.1 pts +7,541 sh new
Reduced Copa Holdings SA (CPA) 0.5% 0.5% 0.0 pts −2,000 sh −13%
Reduced Nuveen Mortgage and Income Fund (JLS) 1.2% 1.1% −0.1 pts −10,862 sh −6%
Reduced Grupo Aeroportuario del Sureste SAB de CV (ASR) 0.5% 0.6% +0.1 pts −500 sh −10%
New FS Credit Opportunities Corp (FSCO) — 0.1% +0.1 pts +34,330 sh new
Reduced PGT Innovations Inc (PGTI) 0.5% 0.7% +0.1 pts −6,000 sh −9%
Increased Boulder Growth & Income Fund Inc (STEW) 2.2% 2.2% 0.0 pts +11,864 sh +3%
Exited Columbia Seligman Premium Technology Growth Fund (STK) 0.1% — −0.1 pts −5,332 sh −100%
Increased Exchange Listed FDS Tr (CEFS) 0.1% 0.2% +0.1 pts +6,852 sh +43%
Increased NXG NextGen Intrastruacture Inc Fund (NXG) 0.1% 0.1% 0.0 pts +3,220 sh +88%

The 50 largest of 184 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:

  • Linde plc (LIN): G5494J103 → G54950103, 15 → 15 shares
  • America Movil SAB de CV (AMX): 02364W105 → 02390A101, 10,998 → 10,998 shares

Top 10 positions — 51.3% of the equity book

Changes in the top 10 this quarter: TFLO entered · SDS entered · ECAT entered · SJB left · NDP left · STEW left

# Security Weight before Weight now
1 Highland Floating Rate Opportunities Fund (HFRO) 10.4% 10.4%
2 Saba Capital Income & Opportunities Fund (BRW) 6.1% 8.0%
3 Wisdomtree Tr (USFR) 3.2% 7.1%
4 Oxford Lane Cap Corp (OXLC) 5.5% 5.7%
5 Nexpoint Diversified Rel Et (HCF) 5.6% 5.3%
6 PIMCO Enrgy Tactical Cr Opp (PDX) 4.8% 4.4%
7 iShares Tr (TFLO) 0.0% 3.5% Entered the top 10
8 ProShares UltraShort S&P50 (SDS) 0.0% 2.5% Entered the top 10
9 BlackRock ESG Cap Allc Tr (ECAT) 1.4% 2.2% Entered the top 10
10 Cornerstone Strategic Value Fund Inc (CLM) 3.3% 2.2%
— ProShares TR (SJB) 3.8% 0.0% Left the top 10
— Tortoise Energy Independence (NDP) 2.3% 1.7% Left the top 10
— Boulder Growth & Income Fund Inc (STEW) 2.2% 2.2% 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).