Herzfeld Caribbean Basin FundCUBA
Market Cap: 35.9M
About: Herzfeld Caribbean Basin Fund Inc operates as a closed-end management investment company. The company's investment objective is to obtain long-term capital appreciation. The firm offers customized discretionary account management and fund management services to individual and institutional investors. The fund invests in equity and equity-linked securities of public and private companies, including United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country. The fund's revenue source is through the dividends it receives. Its investments are geographically allocated in the United States followed by Puerto Rico, Mexico, and other countries.
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
5% less funds holding
Funds holding: 22 [Q4 2023] → 21 (-1) [Q1 2024]
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
26% less capital invested
Capital invested by funds: $18.6M [Q4 2023] → $13.7M (-$4.93M) [Q1 2024]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]
62.28% less ownership
Funds ownership: 93.75% [Q4 2023] → 31.47% (-62.28%) [Q1 2024]
69% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 13
Research analyst outlook
We haven’t received any recent analyst ratings for CUBA.