Thomas J Herzfeld Advisors Inc's Q3 2023 13F: 12 new positions, 7 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 13, 2023 · 336 reported positions · accession 0001398344-23-020548
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | Oxford Lane Cap Corp (OXLC) | 2.7% | 0.3% | −2.4 pts | −1.25M sh | −88% |
| Increased | PIMCO Enrgy Tactical Cr Opp (PDX) | 4.5% | 7.9% | +3.4 pts | +311K sh | +43% |
| New | iShares Tr (TLT) | — | 2.3% | +2.3 pts | +67,500 sh | new |
| Reduced | Saba Capital Income & Opportunities Fund (BRW) | 6.4% | 4.2% | −2.2 pts | −667K sh | −32% |
| New | Nuveen Floating Rate Income (JFR) | — | 1.9% | +1.9 pts | +601K sh | new |
| Exited | Nuveen Short Duration Cr Opp (JSD) | 1.6% | — | −1.6 pts | −352K sh | −100% |
| Reduced | Morgan Stanley Emerging Mkts (EDD) | 1.7% | 0.2% | −1.5 pts | −794K sh | −89% |
| New | ProShares TR (QID) | — | 1.3% | +1.3 pts | +239K sh | new |
| Increased | FS Credit Opportunities Corp (FSCO) | 8.1% | 10.2% | +2.0 pts | +559K sh | +13% |
| Increased | OFS Credit Company Inc (OCCI) | 1.6% | 2.4% | +0.8 pts | +401K sh | +84% |
| Increased | Carlyle Credit Income Fund (CCIF) | 1.6% | 2.5% | +0.8 pts | +318K sh | +68% |
| Reduced | Nuveen Mutli Asset Income Fund (NMAI) | 1.0% | 0.0% | −1.0 pts | −218K sh | −99% |
| Increased | Wisdomtree Tr (USFR) | 0.3% | 1.2% | +0.9 pts | +46,443 sh | +309% |
| Increased | Suro Capital Corp (SSSS) | 0.0% | 0.9% | +0.9 pts | +642K sh | +4480% |
| Reduced | The Gabelli Healthcare & Wellness Trust (GRX) | 1.3% | 0.2% | −1.1 pts | −268K sh | −83% |
| Reduced | Nuveen Real Asset Income and Growth Fund (JRI) | 1.0% | 0.0% | −1.0 pts | −215K sh | −99% |
| Increased | SPDR Ser Tr (BIL) | 0.4% | 1.3% | +0.9 pts | +24,756 sh | +227% |
| Increased | iShares Tr (TFLO) | 0.1% | 1.0% | +0.9 pts | +43,818 sh | +803% |
| Increased | Pioneer Diversified High Income Trust (HNW) | 0.1% | 0.7% | +0.7 pts | +170K sh | +1321% |
| Reduced | Insight Select Income Fd (INSI) | 0.7% | 0.1% | −0.5 pts | −86,566 sh | −80% |
| Increased | Destra Multi-Alternative Fd (DMA) | 1.2% | 1.9% | +0.7 pts | +210K sh | +35% |
| Increased | BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (DCF) | 0.2% | 0.6% | +0.4 pts | +140K sh | +193% |
| Increased | Clearbridge MLP And Midstrm (CEM) | 1.1% | 1.5% | +0.4 pts | +29,074 sh | +36% |
| New | Janus Detroit Str Tr (JAAA) | — | 0.3% | +0.3 pts | +14,350 sh | new |
| Reduced | Nexpoint Diversified Rel Et (HCF) | 6.3% | 4.0% | −2.3 pts | −77,318 sh | −6% |
| Reduced | Cornerstone Strategic Value Fund Inc (CLM) | 0.6% | 0.3% | −0.3 pts | −83,571 sh | −49% |
| Reduced | BlackRock ESG Cap Allc Tr (ECAT) | 1.1% | 0.7% | −0.3 pts | −40,621 sh | −24% |
| Reduced | Aberdeen Std Global Infrastructure (ASGI) | 1.5% | 1.1% | −0.4 pts | −36,113 sh | −17% |
| Reduced | BlackRock Cap Allocation Tr (BCAT) | 1.0% | 0.7% | −0.3 pts | −35,731 sh | −21% |
| Increased | Exchange Listed FDS Tr (CEFS) | 0.1% | 0.3% | +0.2 pts | +29,310 sh | +166% |
| Increased | Clearbridge MLP and Midstrm (CTR) | 0.8% | 1.0% | +0.2 pts | +16,008 sh | +25% |
| Reduced | Putnam Master Intermediate Income Trust (PIM) | 0.2% | 0.0% | −0.2 pts | −149K sh | −79% |
| Reduced | Highland Floating Rate Opportunities Fund (HFRO) | 10.5% | 8.9% | −1.6 pts | −50,336 sh | −2% |
| Reduced | SRH Total Return Fund Inc (STEW) | 2.5% | 2.2% | −0.3 pts | −30,488 sh | −6% |
| Increased | Nuveen Credit Strategies Income Fund (JQC) | 0.7% | 0.9% | +0.1 pts | +76,778 sh | +21% |
| Increased | Franklin Limited Duration Income Trust (FTF) | 1.8% | 1.9% | +0.1 pts | +63,202 sh | +8% |
| Reduced | Adams Natural Resources Fund Inc (PEO) | 1.1% | 1.0% | −0.1 pts | −16,557 sh | −12% |
| Increased | MFS High Yield Municipal Trust (CMU) | 0.0% | 0.1% | +0.1 pts | +113K sh | +5841% |
| Increased | Tortoise Pwr & Energy Infras (TPZ) | 1.0% | 1.1% | +0.1 pts | +26,347 sh | +14% |
| Increased | MFS Investment Grade Municipal Trust (CXH) | 0.0% | 0.1% | +0.1 pts | +49,549 sh | +5899% |
| Increased | Nuveen Pfd Securities Income Fund (JPS) | 3.0% | 2.9% | −0.1 pts | +53,119 sh | +5% |
| Increased | Western Asset Mun Hi Incm Fd (MHF) | 0.0% | 0.1% | +0.1 pts | +49,845 sh | +1983% |
| Increased | DTF Tax-Free Income Inc (DTF) | 0.0% | 0.1% | +0.1 pts | +28,223 sh | +1882% |
| Increased | Nuveen Mortgage and Income Fund (JLS) | 1.1% | 1.2% | +0.1 pts | +18,337 sh | +11% |
| Increased | Nuveen Amt- Free Mun Value Fd (NUW) | 0.0% | 0.1% | +0.1 pts | +21,156 sh | +1944% |
| Increased | Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) | 0.9% | 0.9% | 0.0 pts | +15,821 sh | +13% |
| Exited | NXG NextGen Intrastruacture Inc Fund (NXG) | 0.1% | — | −0.1 pts | −6,603 sh | −100% |
| Reduced | BlackRock Health Sciences Trust II (BMEZ) | 0.8% | 0.6% | −0.2 pts | −17,080 sh | −14% |
| Increased | Nuveen Select Maturities Municipal Fund (NIM) | 0.0% | 0.1% | +0.1 pts | +28,207 sh | +1973% |
| Increased | Investco CurrencyShares Japan (FXY) | 0.1% | 0.2% | +0.1 pts | +3,598 sh | +98% |
The 50 largest of 145 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 — 47.5% of the equity book
Changes in the top 10 this quarter: CCIF entered · OCCI entered · TLT entered · OXLC left · FTF left · EDD left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | FS Credit Opportunities Corp (FSCO) | 8.1% | 10.2% | |
| 2 | Highland Floating Rate Opportunities Fund (HFRO) | 10.5% | 8.9% | |
| 3 | PIMCO Enrgy Tactical Cr Opp (PDX) | 4.5% | 7.9% | |
| 4 | Saba Capital Income & Opportunities Fund (BRW) | 6.4% | 4.2% | |
| 5 | Nexpoint Diversified Rel Et (HCF) | 6.3% | 4.0% | |
| 6 | Nuveen Pfd Securities Income Fund (JPS) | 3.0% | 2.9% | |
| 7 | Carlyle Credit Income Fund (CCIF) | 1.6% | 2.5% | Entered the top 10 |
| 8 | OFS Credit Company Inc (OCCI) | 1.6% | 2.4% | Entered the top 10 |
| 9 | iShares Tr (TLT) | 0.0% | 2.3% | Entered the top 10 |
| 10 | SRH Total Return Fund Inc (STEW) | 2.5% | 2.2% | |
| — | Oxford Lane Cap Corp (OXLC) | 2.7% | 0.3% | Left the top 10 |
| — | Franklin Limited Duration Income Trust (FTF) | 1.8% | 1.9% | Left the top 10 |
| — | Morgan Stanley Emerging Mkts (EDD) | 1.7% | 0.2% | 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).