Thomas J. Herzfeld Advisors, Inc.

Q1 2014 13F-HR Holdings

Location
Miami Beach, FL
Holdings as of
3/31/2014
Date filed
5/14/2014
Form type
13F-HR
Num holdings
284
Total value ($000)
$170,236
Net value change ($000)
-5,181 (-3.0%)
New positions
20
Sold out positions
33
Turnover %
7.2%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CPA 2,588 NEW
JEQ 1,614 NEW
PIMCO Dynamic Credit & Mortgage Income Fund 1,416 64.1%
Kayne Anderson Energy Total Re 571 NEW
NIE 522 99.1%
DSL 482 60.2%
VIRTUS TOTAL RETURN FD 481 10.1%
Kayne Anderson NextGen Energy & Infrastructure, Inc. 453 86.6%
TORTOISE PIPELINE & ENERGY FUND, INC. 436 512.9%
NCLH 429 63.2%
Top Reduces (Value $000, Stocks/ETFs)
ALPINE TOTAL DYN FD NEW -4,826 -49.3%
ALPINE GLOBAL DYNAMIC DIVD F -2,395 -46.7%
JAPAN EQUITY FD INC COM -1,761 -100.0%
ETJ -1,502 -66.1%
CPA -1,493 -100.0%
BLX -1,185 -100.0%
PDI -908 -62.1%
ALLIANCEBERNSTEIN INCOME FUN -906 -49.1%
WESTERN ASSET INFL MGMT FD I COM -711 -100.0%
WSO -429 -24.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type