Thomas J Herzfeld Advisors Inc's Q3 2024 13F: 15 new positions, 98 exits
Form 13F-HR for the quarter ended Sep 30, 2024 · filed Nov 12, 2024 · 155 reported positions · accession 0001398344-24-020507
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | High Income Secs Fd Shs (PCF) | 0.3% | 3.6% | +3.3 pts | +1.44M sh | +1114% |
| Increased | FS Credit Opportunities Corp (FSCO) | 8.1% | 9.1% | +1.0 pts | +665K sh | +18% |
| Reduced | Nuveen Pfd & Income Opportun (JPC) | 2.8% | 1.5% | −1.2 pts | −487K sh | −46% |
| New | Flaherty & Crumrine Pfd Secs (FFC) | — | 1.3% | +1.3 pts | +229K sh | new |
| Reduced | Cornerstone Strategic Value Fund Inc (CLM) | 3.0% | 1.9% | −1.1 pts | −367K sh | −33% |
| New | Kayne Anderson Energy Infrst (KYN) | — | 0.9% | +0.9 pts | +246K sh | new |
| Reduced | Adams Natural Resources Fund Inc (PEO) | 0.9% | 0.0% | −0.9 pts | −106K sh | −95% |
| Reduced | Tortoise Pipeline & Energy Fund, Inc. (TTP) | 0.7% | 0.0% | −0.7 pts | −53,537 sh | −95% |
| Exited | BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (DCF) | 0.7% | — | −0.7 pts | −222K sh | −100% |
| Increased | Tortoise Energy Infra Corp (TYG) | 0.6% | 1.3% | +0.7 pts | +52,769 sh | +114% |
| Reduced | Highland Floating Rate Opportunities Fund (HFRO) | 7.2% | 6.2% | −1.0 pts | −251K sh | −8% |
| Reduced | Tortoise Pwr & Energy Infras (TPZ) | 1.4% | 1.0% | −0.4 pts | −78,926 sh | −32% |
| Increased | Suro Capital Corp (SSSS) | 1.0% | 1.5% | +0.4 pts | +350K sh | +47% |
| Exited | Cornerstone Total Rtrn Fd In (CRF) | 0.5% | — | −0.5 pts | −170K sh | −100% |
| New | Pioneer High Income Fund Inc. (PHT) | — | 0.5% | +0.5 pts | +172K sh | new |
| Increased | Clearbridge Energy Midstrm O (EMO) | 0.7% | 1.1% | +0.4 pts | +32,265 sh | +66% |
| Increased | Ecofin Sustainable and Social Impact Term Fund (TEAF) | 0.1% | 0.5% | +0.4 pts | +100K sh | +802% |
| Exited | OFS Credit Company Inc (OCCI) | 0.4% | — | −0.4 pts | −153K sh | −100% |
| Exited | Marriott Vacations Worldwide Corp (VAC) | 0.3% | — | −0.3 pts | −11,174 sh | −100% |
| Reduced | Pioneer Diversified High Income Trust (HNW) | 0.7% | 0.4% | −0.3 pts | −80,887 sh | −44% |
| Reduced | Nuveen Floating Rate Income (JFR) | 2.3% | 1.9% | −0.4 pts | −111K sh | −15% |
| New | Janus Detroit Str Tr (JAAA) | — | 0.3% | +0.3 pts | +18,773 sh | new |
| Increased | Saba Capital Income & Opport (SABA) | 1.3% | 1.6% | +0.4 pts | +108K sh | +23% |
| Increased | Nuveen Vriabl Rat Pfd & Inm (NPFD) | 3.8% | 4.0% | +0.2 pts | +44,305 sh | +8% |
| Exited | Delaware Invts Natl Mun Inco (VFL) | 0.3% | — | −0.3 pts | −73,065 sh | −100% |
| Reduced | Tortoise Energy Independence (NDP) | 1.1% | 0.8% | −0.3 pts | −20,605 sh | −24% |
| Reduced | Eagle Pt Cr Co LLC (ECC) | 0.7% | 0.4% | −0.3 pts | −76,202 sh | −38% |
| Increased | PIMCO Access Income Fund (PAXS) | 1.5% | 1.7% | +0.2 pts | +42,793 sh | +16% |
| Reduced | Adams Diversified Equity Fund Inc (ADX) | 0.8% | 0.6% | −0.2 pts | −29,462 sh | −27% |
| Exited | Clearbridge MLP and Midstrm (CTR) | 0.2% | — | −0.2 pts | −12,420 sh | −100% |
| Reduced | BlackRock Munihldngs Cali QL (MUC) | 1.0% | 0.9% | −0.2 pts | −41,200 sh | −16% |
| New | Pioneer Mun High Income Oppo (MIO) | — | 0.2% | +0.2 pts | +37,316 sh | new |
| Increased | New Fortress Energy Inc (NFE) | 0.6% | 0.4% | −0.2 pts | +50,000 sh | +60% |
| Increased | Nuveen Municipal Credit Opp Fund (NMCO) | 0.1% | 0.3% | +0.1 pts | +36,904 sh | +114% |
| Reduced | Nuveen Quality Municipal Income Fund (NAD) | 0.9% | 0.7% | −0.1 pts | −34,606 sh | −16% |
| Reduced | NextEra Energy Inc (NEE) | 0.8% | 0.8% | 0.0 pts | −5,000 sh | −16% |
| Reduced | Franklin Limited Duration Income Trust (FTF) | 1.0% | 0.9% | −0.1 pts | −57,212 sh | −12% |
| Reduced | Sound Point Meridian Cap Inc. (SPMC) | 3.1% | 2.8% | −0.3 pts | −18,395 sh | −4% |
| Exited | BlackRock Muni Income Tr II (BLE) | 0.1% | — | −0.1 pts | −29,094 sh | −100% |
| Increased | Brookfield Real Assets Incom (RA) | 1.3% | 1.4% | +0.1 pts | +23,798 sh | +8% |
| Increased | Fomento Economico Mexicano SAB de CV (FMX) | 0.4% | 0.5% | 0.0 pts | +3,000 sh | +28% |
| Exited | Apple Inc (AAPL) | 0.1% | — | −0.1 pts | −1,330 sh | −100% |
| Reduced | Destra Multi-Alternative Fd (DMA) | 2.0% | 1.9% | −0.1 pts | −32,559 sh | −5% |
| Exited | RiverNorth Managed Duration Municipal Income Fund II, Inc (RMMZ) | 0.1% | — | −0.1 pts | −16,378 sh | −100% |
| Increased | Vesta Real Estate Corp (VTMX) | 0.4% | 0.4% | 0.0 pts | +10,000 sh | +26% |
| Reduced | BNY Mellon Mun Income Inc (DMF) | 0.3% | 0.2% | −0.1 pts | −36,788 sh | −28% |
| New | Pioneer Municipal High Income Trust (MHI) | — | 0.1% | +0.1 pts | +27,892 sh | new |
| New | Pioneer Municipal High Income Advantage Trust (MAV) | — | 0.1% | +0.1 pts | +30,156 sh | new |
| Reduced | Blackstone Strategic Cred 20 (BGB) | 0.7% | 0.6% | −0.1 pts | −20,609 sh | −12% |
| Reduced | Nexpoint Diversified Rel Et (HCF) | 0.1% | 0.0% | −0.1 pts | −40,334 sh | −99% |
The 50 largest of 207 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 — 45.3% of the equity book
Changes in the top 10 this quarter: PCF entered · JPC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | PIMCO Dynamic Income Strategy Fund (PDX) | 11.9% | 12.0% | |
| 2 | FS Credit Opportunities Corp (FSCO) | 8.1% | 9.1% | |
| 3 | Highland Floating Rate Opportunities Fund (HFRO) | 7.2% | 6.2% | |
| 4 | Nuveen Vriabl Rat Pfd & Inm (NPFD) | 3.8% | 4.0% | |
| 5 | High Income Secs Fd Shs (PCF) | 0.3% | 3.6% | Entered the top 10 |
| 6 | Sound Point Meridian Cap Inc. (SPMC) | 3.1% | 2.8% | |
| 7 | Cornerstone Strategic Value Fund Inc (CLM) | 3.0% | 1.9% | |
| 8 | Destra Multi-Alternative Fd (DMA) | 2.0% | 1.9% | |
| 9 | The Herzfeld Caribbean Basin Fund Inc (CUBA) | 2.0% | 1.9% | |
| 10 | Nuveen Floating Rate Income (JFR) | 2.3% | 1.9% | |
| — | Nuveen Pfd & Income Opportun (JPC) | 2.8% | 1.5% | 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).