Thomas J Herzfeld Advisors Inc's Q2 2023 13F: 35 new positions, 26 exits
Form 13F-HR for the quarter ended Jun 30, 2023 · filed Aug 14, 2023 · 331 reported positions · accession 0001398344-23-014848 · Amended
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | FS Credit Opportunities Corp (FSCO) | 0.1% | 8.1% | +8.1 pts | +4.27M sh | +12435% |
| Reduced | Wisdomtree Tr (USFR) | 7.1% | 0.3% | −6.8 pts | −332K sh | −96% |
| Reduced | iShares Tr (TFLO) | 3.5% | 0.1% | −3.4 pts | −164K sh | −97% |
| New | Nuveen Pfd Securities Income Fund (JPS) | — | 3.0% | +3.0 pts | +1.17M sh | new |
| Exited | ProShares UltraShort S&P50 (SDS) | 2.5% | — | −2.5 pts | −155K sh | −100% |
| Reduced | Oxford Lane Cap Corp (OXLC) | 5.7% | 2.7% | −3.0 pts | −1.29M sh | −48% |
| New | Franklin Limited Duration Income Trust (FTF) | — | 1.8% | +1.8 pts | +745K sh | new |
| Reduced | Cornerstone Strategic Value Fund Inc (CLM) | 2.2% | 0.6% | −1.6 pts | −518K sh | −75% |
| New | OFS Credit Company Inc (OCCI) | — | 1.6% | +1.6 pts | +480K sh | new |
| Exited | PIMCO Global StocksPLS Inc. (PGP) | 1.1% | — | −1.1 pts | −383K sh | −100% |
| Reduced | BlackRock Cap Allocation Tr (BCAT) | 2.2% | 1.0% | −1.2 pts | −186K sh | −53% |
| Reduced | BlackRock ESG Cap Allc Tr (ECAT) | 2.2% | 1.1% | −1.1 pts | −175K sh | −51% |
| Exited | Angel Oak Final Strategies Incm Trm Trst (FINS) | 1.1% | — | −1.1 pts | −218K sh | −100% |
| New | Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) | — | 1.1% | +1.1 pts | +187K sh | new |
| Reduced | Saba Capital Income & Opportunities Fund (BRW) | 8.0% | 6.4% | −1.6 pts | −336K sh | −14% |
| Increased | Destra Multi-Alternative Fd (DMA) | 0.2% | 1.2% | +1.0 pts | +505K sh | +555% |
| New | Neuberger Brman Next Genera (NBXG) | — | 0.9% | +0.9 pts | +209K sh | new |
| Reduced | Cornerstone Total Rtrn Fd In (CRF) | 1.1% | 0.3% | −0.8 pts | −274K sh | −76% |
| New | BlackRock Health Sciences Trust II (BMEZ) | — | 0.8% | +0.8 pts | +121K sh | new |
| New | Nuveen Credit Strategies Income Fund (JQC) | — | 0.7% | +0.7 pts | +364K sh | new |
| Increased | Thornburg Incm Builder Opp Tr (TBLD) | 1.0% | 1.6% | +0.6 pts | +111K sh | +71% |
| Increased | Morgan Stanley Emerging Mkts (EDD) | 1.0% | 1.7% | +0.7 pts | +354K sh | +65% |
| Exited | Goldman Sachs MLP Energy Ren (GER) | 0.6% | — | −0.6 pts | −112K sh | −100% |
| New | Tekla Life Sciences Investors (HQL) | — | 0.6% | +0.6 pts | +103K sh | new |
| Increased | BlackRock Science and Technology Trust II (BSTZ) | 0.0% | 0.5% | +0.5 pts | +75,859 sh | +27093% |
| Increased | Insight Select Income Fd (INSI) | 0.2% | 0.7% | +0.5 pts | +73,624 sh | +210% |
| Increased | Aberdeen Std Global Infrastructure (ASGI) | 1.1% | 1.5% | +0.4 pts | +60,718 sh | +40% |
| Exited | Barings Global Short Duration High Yield Fund (BGH) | 0.4% | — | −0.4 pts | −77,121 sh | −100% |
| Reduced | Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) | 1.2% | 0.9% | −0.3 pts | −47,407 sh | −28% |
| Increased | Western Asset Mortgage Opp Fund Inc. (DMO) | 1.2% | 1.5% | +0.2 pts | +60,204 sh | +21% |
| Increased | General American Investors Co Inc (GAM) | 1.1% | 1.4% | +0.3 pts | +14,997 sh | +22% |
| Increased | Nuveen Short Duration Cr Opp (JSD) | 1.4% | 1.6% | +0.2 pts | +52,017 sh | +17% |
| New | Putnam Master Intermediate Income Trust (PIM) | — | 0.2% | +0.2 pts | +189K sh | new |
| New | BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (DCF) | — | 0.2% | +0.2 pts | +72,462 sh | new |
| Increased | SRH Total Return Fund Inc. (STEW) | 2.2% | 2.5% | +0.3 pts | +37,529 sh | +9% |
| Reduced | PGT Innovations Inc (PGTI) | 0.7% | 0.6% | −0.1 pts | −16,000 sh | −25% |
| Reduced | Vertical Capital Income Fund (CCIF) | 2.0% | 1.6% | −0.4 pts | −40,666 sh | −8% |
| Reduced | MasTec Inc (MTZ) | 1.0% | 1.1% | +0.1 pts | −3,000 sh | −11% |
| Reduced | Tortoise Energy Independence (NDP) | 1.7% | 1.6% | −0.1 pts | −11,456 sh | −8% |
| Reduced | Royal Caribbean Cruises Ltd (RCL) | 0.7% | 1.0% | +0.3 pts | −3,000 sh | −11% |
| Reduced | PIMCO Enrgy Tactical Cr Opp (PDX) | 4.4% | 4.5% | +0.2 pts | −19,539 sh | −3% |
| Reduced | Tortoise Pwr & Energy Infras (TPZ) | 1.1% | 1.0% | −0.1 pts | −19,939 sh | −10% |
| Exited | Center Coast Brkfld MLP Enrg (CEN) | 0.1% | — | −0.1 pts | −11,831 sh | −100% |
| Reduced | Blackstone Strategic Cred 20 (BGB) | 0.8% | 0.7% | −0.1 pts | −20,529 sh | −11% |
| Reduced | iShares U.S. Medical Devices ETF (IHI) | 0.4% | 0.3% | −0.1 pts | −3,000 sh | −17% |
| Increased | Playa Hotels & Resorts Nv (PLYA) | 0.3% | 0.3% | 0.0 pts | +20,000 sh | +25% |
| New | Nuveen Preferred and Income Fund (JPT) | — | 0.1% | +0.1 pts | +9,766 sh | new |
| Reduced | Aersale Corporation (ASLE) | 0.7% | 0.5% | −0.2 pts | −10,000 sh | −10% |
| Reduced | Nexpoint Diversified Rel Et (HCF) | 5.3% | 6.3% | +0.9 pts | −11,383 sh | −1% |
| Reduced | Grupo Aeroportuario del Sureste SAB de CV (ASR) | 0.6% | 0.5% | −0.1 pts | −500 sh | −11% |
The 50 largest of 205 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 — 47.6% of the equity book
Changes in the top 10 this quarter: FSCO entered · JPS entered · STEW entered · FTF entered · EDD entered · USFR left · TFLO left · SDS left · ECAT left · CLM left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Highland Floating Rate Opportunities Fund (HFRO) | 10.4% | 10.5% | |
| 2 | FS Credit Opportunities Corp (FSCO) | 0.1% | 8.1% | Entered the top 10 |
| 3 | Saba Capital Income & Opportunities Fund (BRW) | 8.0% | 6.4% | |
| 4 | Nexpoint Diversified Rel Et (HCF) | 5.3% | 6.3% | |
| 5 | PIMCO Enrgy Tactical Cr Opp (PDX) | 4.4% | 4.5% | |
| 6 | Nuveen Pfd Securities Income Fund (JPS) | 0.0% | 3.0% | Entered the top 10 |
| 7 | Oxford Lane Cap Corp (OXLC) | 5.7% | 2.7% | |
| 8 | SRH Total Return Fund Inc. (STEW) | 2.2% | 2.5% | Entered the top 10 |
| 9 | Franklin Limited Duration Income Trust (FTF) | 0.0% | 1.8% | Entered the top 10 |
| 10 | Morgan Stanley Emerging Mkts (EDD) | 1.0% | 1.7% | Entered the top 10 |
| — | Wisdomtree Tr (USFR) | 7.1% | 0.3% | Left the top 10 |
| — | iShares Tr (TFLO) | 3.5% | 0.1% | Left the top 10 |
| — | ProShares UltraShort S&P50 (SDS) | 2.5% | 0.0% | Left the top 10 |
| — | BlackRock ESG Cap Allc Tr (ECAT) | 2.2% | 1.1% | Left the top 10 |
| — | Cornerstone Strategic Value Fund Inc (CLM) | 2.2% | 0.6% | 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).