Thomas J Herzfeld Advisors Inc's Q1 2024 13F: 9 new positions, 13 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 13, 2024 · 151 reported positions · accession 0001398344-24-009274
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | SABA Capital Income & Oprnt (BRW) | 3.9% | 1.3% | −2.6 pts | −867K sh | −63% |
| Reduced | SRH Total Return Fund Inc (STEW) | 2.0% | 0.7% | −1.3 pts | −269K sh | −68% |
| Increased | Nuveen Vriabl Rat Pfd & Inm (NPFD) | 0.2% | 1.0% | +0.9 pts | +136K sh | +510% |
| Increased | Adams Diversified Equity Fund Inc (ADX) | 0.0% | 0.8% | +0.8 pts | +116K sh | +45883% |
| Increased | PIMCO Dynamic Income Strategy Fund (PDX) | 9.3% | 10.0% | +0.7 pts | +93,545 sh | +8% |
| Reduced | Exchange Listed FDS Tr (CEFS) | 1.1% | 0.4% | −0.6 pts | −94,805 sh | −61% |
| Increased | Nexpoint Diversified Rel Et (HCF) | 3.3% | 3.3% | 0.0 pts | +279K sh | +24% |
| Reduced | BlackRock MuniYild Qult FD I (MQY) | 1.0% | 0.3% | −0.7 pts | −147K sh | −69% |
| Increased | The Taiwan Fund Inc (TWN) | 0.0% | 0.6% | +0.6 pts | +45,013 sh | +7416% |
| Increased | Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) | 0.0% | 0.6% | +0.6 pts | +68,701 sh | +35782% |
| Increased | Nuveen Floating Rate Income (JFR) | 2.0% | 2.6% | +0.6 pts | +187K sh | +28% |
| New | PIMCO Access Income Fund (PAXS) | — | 0.5% | +0.5 pts | +98,328 sh | new |
| New | Eaton Vance Tax-Managed Glob (EXG) | — | 0.5% | +0.5 pts | +188K sh | new |
| Reduced | Clearbridge MLP And Midstrm (CEM) | 1.5% | 1.1% | −0.4 pts | −33,096 sh | −32% |
| New | Saba Capital Income & Opport (SABA) | — | 0.5% | +0.5 pts | +395K sh | new |
| New | PIMCO Income Strategy FdII (PFN) | — | 0.5% | +0.5 pts | +194K sh | new |
| Increased | BlackRock Cap Allocation Tr (BCAT) | 0.0% | 0.5% | +0.5 pts | +86,460 sh | +5086% |
| Exited | PGT Innovations Inc (PGTI) | 0.5% | — | −0.5 pts | −32,117 sh | −100% |
| Reduced | Franklin Limited Duration Income Trust (FTF) | 1.7% | 1.2% | −0.5 pts | −212K sh | −28% |
| Reduced | Suro Capital Corp (SSSS) | 1.2% | 0.9% | −0.3 pts | −289K sh | −35% |
| New | Carnival Corp (CCL) | — | 0.4% | +0.4 pts | +76,208 sh | new |
| New | Brookfield Real Assets Incom (RA) | — | 0.4% | +0.4 pts | +96,005 sh | new |
| Reduced | Carlyle Credit Income Fund (CCIF) | 1.1% | 0.6% | −0.5 pts | −151K sh | −40% |
| Reduced | Nuveen Pfd & Income Opportun (JPC) | 3.3% | 3.0% | −0.3 pts | −152K sh | −12% |
| Reduced | Western Asset Mortgage Opp Fund Inc. (DMO) | 1.3% | 0.9% | −0.4 pts | −91,010 sh | −29% |
| Reduced | Clearbridge MLP and Midstrm (CTR) | 1.0% | 0.8% | −0.2 pts | −24,048 sh | −32% |
| Reduced | Aberdeen Std Global Infrastructure (ASGI) | 0.5% | 0.1% | −0.4 pts | −53,822 sh | −70% |
| Exited | Oxford Lane Cap Corp (OXLC) | 0.3% | — | −0.3 pts | −164K sh | −100% |
| Increased | Highland Floating Rate Opportunities Fund (HFRO) | 8.5% | 7.8% | −0.7 pts | +112K sh | +4% |
| Increased | Rivernorth Flexible Mun Income Fund II, Inc. (RFMZ) | 0.9% | 1.1% | +0.3 pts | +47,999 sh | +27% |
| Reduced | Martin Marietta Materials Inc (MLM) | 0.9% | 0.8% | −0.1 pts | −1,000 sh | −21% |
| Increased | OFG Bancorp (OFG) | 0.4% | 0.6% | +0.2 pts | +15,913 sh | +50% |
| Increased | Nuveen Quality Municipal Income Fund (NAD) | 0.8% | 1.0% | +0.2 pts | +50,816 sh | +25% |
| Increased | MFS Municipal Income Trust (MFM) | 0.8% | 1.0% | +0.2 pts | +98,223 sh | +24% |
| Increased | BlackRock Munihldngs Cali QL (MUC) | 0.8% | 1.0% | +0.1 pts | +47,870 sh | +24% |
| Increased | FS Credit Opportunities Corp (FSCO) | 8.1% | 8.4% | +0.2 pts | +84,652 sh | +2% |
| Reduced | Morgan Stanley Emerging Mkts (EDD) | 0.2% | 0.0% | −0.2 pts | −99,110 sh | −99% |
| Exited | iShares Tr (SUB) | 0.2% | — | −0.2 pts | −4,200 sh | −100% |
| Increased | Norwegian Cruise Line Holdings Ltd (NCLH) | 1.4% | 1.5% | +0.2 pts | +20,629 sh | +11% |
| Increased | OneSpaWorld Holdings Limited (OSW) | 0.2% | 0.3% | +0.1 pts | +31,994 sh | +75% |
| Reduced | The Herzfeld Caribbean Basin Fund Inc (CUBA) | 2.8% | 2.3% | −0.4 pts | −157K sh | −6% |
| Increased | Cemex SAB de CV (CX) | 0.6% | 0.9% | +0.2 pts | +44,936 sh | +20% |
| Increased | Cornerstone Strategic Value Fund Inc (CLM) | 3.1% | 3.3% | +0.2 pts | +53,379 sh | +5% |
| New | Wells Fargo Advantage Multi-Sector Income Fund (ERC) | — | 0.1% | +0.1 pts | +43,004 sh | new |
| Reduced | NextEra Energy Inc (NEE) | 0.9% | 0.8% | −0.1 pts | −6,000 sh | −15% |
| Exited | Insight Select Income Fd (INSI) | 0.1% | — | −0.1 pts | −22,200 sh | −100% |
| Reduced | Nuveen Credit Strategies Income Fund (JQC) | 1.0% | 0.9% | −0.1 pts | −65,969 sh | −13% |
| Reduced | First BanCorp/Puerto Rico (FBP) | 1.0% | 0.9% | −0.1 pts | −20,000 sh | −12% |
| Reduced | Royal Caribbean Group (RCL) | 1.4% | 1.3% | −0.1 pts | −2,515 sh | −8% |
| Increased | BlackRock Science and Technology Trust II (BSTZ) | 0.8% | 1.0% | +0.2 pts | +16,533 sh | +13% |
The 50 largest of 120 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 — 46.5% of the equity book
Changes in the top 10 this quarter: JFR entered · BRW left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | PIMCO Dynamic Income Strategy Fund (PDX) | 9.3% | 10.0% | |
| 2 | FS Credit Opportunities Corp (FSCO) | 8.1% | 8.4% | |
| 3 | Highland Floating Rate Opportunities Fund (HFRO) | 8.5% | 7.8% | |
| 4 | Nexpoint Diversified Rel Et (HCF) | 3.3% | 3.3% | |
| 5 | OFS Credit Company Inc (OCCI) | 3.0% | 3.3% | |
| 6 | Cornerstone Strategic Value Fund Inc (CLM) | 3.1% | 3.3% | |
| 7 | Nuveen Pfd & Income Opportun (JPC) | 3.3% | 3.0% | |
| 8 | Nuveen Floating Rate Income (JFR) | 2.0% | 2.6% | Entered the top 10 |
| 9 | Destra Multi-Alternative Fd (DMA) | 2.0% | 2.6% | |
| 10 | The Herzfeld Caribbean Basin Fund Inc (CUBA) | 2.8% | 2.3% | |
| — | SABA Capital Income & Oprnt (BRW) | 3.9% | 1.3% | 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).