Thomas J Herzfeld Advisors Inc's Q2 2024 13F: 96 new positions, 9 exits

Form 13F-HR for the quarter ended Jun 30, 2024 · filed Aug 13, 2024 · 238 reported positions · accession 0001398344-24-014510

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
New Sound Point Meridian Cap Inc. (SPMC) — 3.1% +3.1 pts +440K sh new
Reduced OFS Credit Company Inc (OCCI) 3.3% 0.4% −2.9 pts −1.15M sh −88%
Increased Nuveen Vriabl Rat Pfd & Inm (NPFD) 1.0% 3.8% +2.8 pts +428K sh +264%
Reduced Nexpoint Diversified Rel Et (HCF) 3.3% 0.1% −3.2 pts −1.38M sh −97%
Increased PIMCO Dynamic Income Strategy Fund (PDX) 10.0% 11.9% +1.9 pts +191K sh +14%
Exited SABA Capital Income & Oprnt (BRW) 1.3% — −1.3 pts −511K sh −100%
Exited Clearbridge MLP And Midstrm (CEM) 1.1% — −1.1 pts −70,197 sh −100%
Reduced Cornerstone Total Rtrn Fd In (CRF) 1.4% 0.5% −0.9 pts −340K sh −67%
Increased PIMCO Access Income Fund (PAXS) 0.5% 1.5% +0.9 pts +164K sh +167%
Reduced Nuveen Credit Strategies Income Fund (JQC) 0.9% 0.0% −0.9 pts −444K sh −97%
Increased Brookfield Real Assets Incom (RA) 0.4% 1.3% +0.8 pts +190K sh +198%
Reduced FS Credit Opportunities Corp (FSCO) 8.4% 8.1% −0.3 pts −360K sh −9%
New Eagle Pt Cr Co LLC (ECC) — 0.7% +0.7 pts +201K sh new
New Clearbridge Energy Midstrm O (EMO) — 0.7% +0.7 pts +48,766 sh new
Increased Tortoise Pipeline & Energy Fund, Inc. (TTP) 0.0% 0.7% +0.7 pts +52,846 sh +1527%
Increased BlackRock Cap Allocation Tr (BCAT) 0.5% 1.2% +0.7 pts +115K sh +131%
Reduced Destra Multi-Alternative Fd (DMA) 2.6% 2.0% −0.6 pts −228K sh −24%
Exited Carlyle Credit Income Fund (CCIF) 0.6% — −0.6 pts −224K sh −100%
Reduced SRH Total Return Fund Inc (STEW) 0.7% 0.1% −0.6 pts −115K sh −90%
Reduced Clearbridge MLP and Midstrm (CTR) 0.8% 0.2% −0.6 pts −39,763 sh −76%
New Tortoise Energy Infra Corp (TYG) — 0.6% +0.6 pts +46,285 sh new
Increased BlackRock Science and Technology Trust II (BSTZ) 1.0% 1.5% +0.5 pts +71,328 sh +48%
Increased PIMCO Income Strategy FdII (PFN) 0.5% 1.0% +0.5 pts +191K sh +98%
Reduced Western Asset Mortgage Opp Fund Inc. (DMO) 0.9% 0.5% −0.4 pts −102K sh −46%
Reduced First BanCorp/Puerto Rico (FBP) 0.9% 0.6% −0.4 pts −61,914 sh −41%
Increased Neuberger Brman Next Genera (NBXG) 1.2% 1.7% +0.5 pts +82,993 sh +28%
Increased Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) 0.6% 1.0% +0.4 pts +41,027 sh +60%
Increased Eaton Vance Tax-Managed Glob (EXG) 0.5% 0.9% +0.4 pts +116K sh +62%
Increased The Taiwan Fund Inc (TWN) 0.6% 1.0% +0.4 pts +21,373 sh +47%
Reduced Exchange Listed FDS Tr (CEFS) 0.4% 0.1% −0.3 pts −42,597 sh −70%
New High Income Secs Fd Shs (PCF) — 0.3% +0.3 pts +130K sh new
Reduced Popular Inc (BPOP) 0.9% 0.6% −0.3 pts −9,925 sh −35%
Reduced Nuveen Pfd & Income Opportun (JPC) 3.0% 2.8% −0.2 pts −115K sh −10%
Reduced Cornerstone Strategic Value Fund Inc (CLM) 3.3% 3.0% −0.2 pts −111K sh −9%
Reduced Nuveen Floating Rate Income (JFR) 2.6% 2.3% −0.3 pts −97,935 sh −11%
Increased Highland Floating Rate Opportunities Fund (HFRO) 7.8% 7.2% −0.6 pts +134K sh +4%
Exited BlackRock MuniYild Qult FD I (MQY) 0.3% — −0.3 pts −66,330 sh −100%
Increased Suro Capital Corp (SSSS) 0.9% 1.0% +0.2 pts +201K sh +37%
Reduced Aersale Corporation (ASLE) 0.3% 0.1% −0.3 pts −107K sh −83%
Reduced Cemex SAB de CV (CX) 0.9% 0.3% −0.5 pts −115K sh −43%
Increased Wells Fargo Advantage Multi-Sector Income Fund (ERC) 0.1% 0.4% +0.2 pts +79,523 sh +185%
Increased Norwegian Cruise Line Holdings Ltd (NCLH) 1.5% 1.6% +0.1 pts +36,000 sh +17%
Increased BNY Mellon Mun Income Inc (DMF) 0.1% 0.3% +0.2 pts +81,682 sh +167%
New BlackRock Muni Intermediate Duration Fund Inc (MUI) — 0.2% +0.2 pts +43,206 sh new
New PIMCO Calif Mun Income Fd II (PCK) — 0.2% +0.2 pts +90,380 sh new
Reduced Franklin Limited Duration Income Trust (FTF) 1.2% 1.0% −0.2 pts −80,533 sh −15%
Reduced BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (DCF) 0.8% 0.7% −0.2 pts −53,732 sh −19%
Reduced Nuveen Quality Municipal Income Fund (NAD) 1.0% 0.9% −0.1 pts −38,529 sh −15%
Reduced Aberdeen Std Global Infrastructure (ASGI) 0.1% 0.0% −0.1 pts −22,424 sh −98%
New Nuveen Municipal Credit Opp Fund (NMCO) — 0.1% +0.1 pts +32,401 sh new

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

† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:

  • Saba Capital Income & Opport (SABA): 880198106 → 880198205, 395K → 463K shares (share count changed with the identifier; not shown as a trade)

Top 10 positions — 46.2% of the equity book

Changes in the top 10 this quarter: NPFD entered · SPMC entered · HCF left · OCCI left

# Security Weight before Weight now
1 PIMCO Dynamic Income Strategy Fund (PDX) 10.0% 11.9%
2 FS Credit Opportunities Corp (FSCO) 8.4% 8.1%
3 Highland Floating Rate Opportunities Fund (HFRO) 7.8% 7.2%
4 Nuveen Vriabl Rat Pfd & Inm (NPFD) 1.0% 3.8% Entered the top 10
5 Sound Point Meridian Cap Inc. (SPMC) 0.0% 3.1% Entered the top 10
6 Cornerstone Strategic Value Fund Inc (CLM) 3.3% 3.0%
7 Nuveen Pfd & Income Opportun (JPC) 3.0% 2.8%
8 Nuveen Floating Rate Income (JFR) 2.6% 2.3%
9 The Herzfeld Caribbean Basin Fund Inc (CUBA) 2.3% 2.0%
10 Destra Multi-Alternative Fd (DMA) 2.6% 2.0%
— Nexpoint Diversified Rel Et (HCF) 3.3% 0.1% Left the top 10
— OFS Credit Company Inc (OCCI) 3.3% 0.4% 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).