Thomas J Herzfeld Advisors Inc's Q4 2023 13F: 27 new positions, 208 exits
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Feb 14, 2024 · 155 reported positions · accession 0001398344-24-003157
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | Nuveen Pfd & Income Opportun (JPC) | — | 3.3% | +3.3 pts | +1.32M sh | new |
| Exited | Nuveen Pfd Securities Income Fund (JPS) | 2.9% | — | −2.9 pts | −1.22M sh | −100% |
| Increased | Cornerstone Strategic Value Fund Inc (CLM) | 0.3% | 3.1% | +2.8 pts | +1.09M sh | +1246% |
| Exited | iShares Tr (TLT) | 2.3% | — | −2.3 pts | −67,500 sh | −100% |
| Increased | The Herzfeld Caribbean Basin Fund Inc (CUBA) | 0.6% | 2.8% | +2.1 pts | +2.21M sh | +457% |
| Reduced | FS Credit Opportunities Corp (FSCO) | 10.2% | 8.1% | −2.1 pts | −959K sh | −20% |
| Increased | PIMCO Dynamic Income Strategy Fund (PDX) | 7.9% | 9.3% | +1.4 pts | +205K sh | +20% |
| Exited | ProShares TR (QID) | 1.3% | — | −1.3 pts | −239K sh | −100% |
| Reduced | General American Investors Co Inc (GAM) | 1.3% | 0.0% | −1.2 pts | −78,255 sh | −99% |
| Reduced | Carlyle Credit Income Fund (CCIF) | 2.5% | 1.1% | −1.4 pts | −409K sh | −52% |
| Reduced | SPDR Ser Tr (BIL) | 1.3% | 0.1% | −1.1 pts | −31,834 sh | −89% |
| Reduced | Wisdomtree Tr (USFR) | 1.2% | 0.1% | −1.1 pts | −56,310 sh | −92% |
| Increased | Cornerstone Total Rtrn Fd In (CRF) | 0.3% | 1.2% | +1.0 pts | +400K sh | +489% |
| New | BlackRock MuniYild Qult FD I (MQY) | — | 1.0% | +1.0 pts | +214K sh | new |
| Increased | OFS Credit Company Inc (OCCI) | 2.4% | 3.0% | +0.6 pts | +396K sh | +45% |
| Reduced | The Gabelli Dividend & Income Trust (GDV) | 0.9% | 0.0% | −0.9 pts | −117K sh | −99% |
| New | Rivernorth Flexible Mun Income Fund II, Inc. (RFMZ) | — | 0.9% | +0.9 pts | +178K sh | new |
| New | Nuveen Quality Municipal Income Fund (NAD) | — | 0.8% | +0.8 pts | +200K sh | new |
| New | BlackRock Munihldngs Cali QL (MUC) | — | 0.8% | +0.8 pts | +202K sh | new |
| New | MFS Municipal Income Trust (MFM) | — | 0.8% | +0.8 pts | +417K sh | new |
| Reduced | BlackRock ESG Cap Allc Tr (ECAT) | 0.7% | 0.0% | −0.7 pts | −129K sh | −99% |
| Increased | Exchange Listed FDS Tr (CEFS) | 0.3% | 1.1% | +0.8 pts | +109K sh | +232% |
| Reduced | iShares Tr (TFLO) | 1.0% | 0.2% | −0.8 pts | −40,334 sh | −82% |
| Reduced | BlackRock Cap Allocation Tr (BCAT) | 0.7% | 0.0% | −0.7 pts | −130K sh | −99% |
| Reduced | Aberdeen Std Global Infrastructure (ASGI) | 1.1% | 0.5% | −0.6 pts | −99,141 sh | −56% |
| Reduced | Tekla Life Sciences Investors (HQL) | 0.6% | 0.0% | −0.6 pts | −116K sh | −99% |
| New | Vesta Real Estate Corp (VTMX) | — | 0.6% | +0.6 pts | +38,412 sh | new |
| Reduced | BlackRock Health Sciences Trust II (BMEZ) | 0.6% | 0.0% | −0.6 pts | −103K sh | −99% |
| Increased | Norwegian Cruise Line Holdings Ltd (NCLH) | 0.7% | 1.4% | +0.6 pts | +70,000 sh | +60% |
| Reduced | Nuveen Mortgage and Income Fund (JLS) | 1.2% | 0.7% | −0.5 pts | −81,584 sh | −43% |
| Increased | NextEra Energy Inc (NEE) | 0.4% | 0.9% | +0.5 pts | +20,672 sh | +103% |
| Increased | Highland Floating Rate Opportunities Fund (HFRO) | 8.9% | 8.5% | −0.4 pts | +152K sh | +5% |
| Reduced | Tortoise Energy Independence (NDP) | 1.6% | 1.0% | −0.7 pts | −40,581 sh | −31% |
| Increased | Playa Hotels & Resorts Nv (PLYA) | 0.3% | 0.7% | +0.4 pts | +126K sh | +128% |
| Increased | BlackRock Science and Technology Trust II (BSTZ) | 0.5% | 0.8% | +0.3 pts | +57,975 sh | +79% |
| Increased | Neuberger Brman Next Genera (NBXG) | 0.8% | 1.1% | +0.3 pts | +72,111 sh | +35% |
| Exited | iShares U.S. Medical Devices ETF (IHI) | 0.3% | — | −0.3 pts | −15,034 sh | −100% |
| Exited | Janus Detroit Str Tr (JAAA) | 0.3% | — | −0.3 pts | −14,350 sh | −100% |
| Increased | MasTec Inc (MTZ) | 0.7% | 0.9% | +0.3 pts | +10,000 sh | +42% |
| Increased | New Fortress Energy Inc (NFE) | 0.9% | 1.3% | +0.4 pts | +20,000 sh | +27% |
| Increased | OFG Bancorp (OFG) | 0.1% | 0.4% | +0.3 pts | +20,000 sh | +173% |
| Increased | Suro Capital Corp (SSSS) | 0.9% | 1.2% | +0.3 pts | +171K sh | +26% |
| Reduced | Thornburg Incm Builder Opp Tr (TBLD) | 1.4% | 1.2% | −0.2 pts | −43,044 sh | −17% |
| Increased | Royal Caribbean Group (RCL) | 0.9% | 1.4% | +0.5 pts | +4,937 sh | +20% |
| Increased | Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) | 0.9% | 1.1% | +0.2 pts | +45,035 sh | +25% |
| Reduced | SRH Total Return Fund Inc (STEW) | 2.2% | 2.0% | −0.2 pts | −44,453 sh | −10% |
| New | OneSpaWorld Holdings Limited (OSW) | — | 0.2% | +0.2 pts | +42,765 sh | new |
| Increased | Nuveen Floating Rate Income (JFR) | 1.9% | 2.0% | +0.1 pts | +69,021 sh | +11% |
| Increased | Cemex SAB de CV (CX) | 0.4% | 0.6% | +0.3 pts | +70,000 sh | +45% |
| Increased | Copa Holdings SA (CPA) | 0.5% | 0.7% | +0.3 pts | +5,000 sh | +38% |
The 50 largest of 336 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 — 47.4% of the equity book
Changes in the top 10 this quarter: JPC entered · CLM entered · CUBA entered · DMA entered · JPS left · CCIF left · TLT left · STEW left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | PIMCO Dynamic Income Strategy Fund (PDX) | 7.9% | 9.3% | |
| 2 | Highland Floating Rate Opportunities Fund (HFRO) | 8.9% | 8.5% | |
| 3 | FS Credit Opportunities Corp (FSCO) | 10.2% | 8.1% | |
| 4 | Saba Capital Income & Opportunities Fund (BRW) | 4.2% | 3.9% | |
| 5 | Nexpoint Diversified Rel Et (HCF) | 4.0% | 3.3% | |
| 6 | Nuveen Pfd & Income Opportun (JPC) | 0.0% | 3.3% | Entered the top 10 |
| 7 | Cornerstone Strategic Value Fund Inc (CLM) | 0.3% | 3.1% | Entered the top 10 |
| 8 | OFS Credit Company Inc (OCCI) | 2.4% | 3.0% | |
| 9 | The Herzfeld Caribbean Basin Fund Inc (CUBA) | 0.6% | 2.8% | Entered the top 10 |
| 10 | Destra Multi-Alternative Fd (DMA) | 1.9% | 2.0% | Entered the top 10 |
| — | Nuveen Pfd Securities Income Fund (JPS) | 2.9% | 0.0% | Left the top 10 |
| — | Carlyle Credit Income Fund (CCIF) | 2.5% | 1.1% | Left the top 10 |
| — | iShares Tr (TLT) | 2.3% | 0.0% | Left the top 10 |
| — | SRH Total Return Fund Inc (STEW) | 2.2% | 2.0% | 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).