Herzfeld Credit Income Fund
HERZ
12 hedge funds and large institutions have $3.36M invested in Herzfeld Credit Income Fund in 2013 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
22% more capital invested
Capital invested by funds: $2.75M → $3.36M (+$617K)
20% more funds holding
Funds holding: 10 → 12 (+2)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$856K |
| 2 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$85K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$67.6K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$39.2K |
| 5 |
Morgan Stanley
New York
|
+$12.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$141K |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$26K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$797 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TJHA
1
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $2.24M | +$67.6K | +1,018 | +3% |
|
|
COLIM
2
City of London Investment Management
London,
United Kingdom
| $807K | +$856K | +12,887 | New |
|
|
BBPWM
3
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $80K | +$85K | +1,281 | New |
|
4
First Manhattan
New York
| $64K | – | – | – |
|
|
U
5
UBS
Zurich,
Switzerland
| $53K | -$26K | -392 | -32% |
|
6
Bank of America
Charlotte,
North Carolina
| $50K | – | – | – |
|
|
WAM
7
Wolverine Asset Management
Chicago,
Illinois
| $36K | +$39.2K | +591 | New |
|
|
SSB
8
Sandy Spring Bank
Olney,
Maryland
| $16K | – | – | – |
|
|
9
Morgan Stanley
New York
| $12K | +$12.8K | +193 | New |
|
|
KTC
10
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $5K | – | – | – |
|
|
LTFS
11
Ladenburg Thalmann Financial Services
Miami,
Florida
| $2K | – | – | – |
|
|
DA
12
Doliver Advisors
Houston,
Texas
| – | -$141K | -2,065 | Closed |
|
|
TRCT
13
Tower Research Capital (TRC)
New York
| – | -$1K | -12 | Closed |
|
|
14
Wells Fargo
San Francisco,
California
| – | -$797 | -12 | -92% |
|
HERZ Hedge Fund Activity: Q4 2013 in Review
12 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Herzfeld Credit Income Fund (HERZ) for Q4 2013, worth a combined $3.36M — up 22% from $2.75M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new HERZ positions and 2 closed out — a net gain of 2 holders — while 1 added to existing stakes and 2 trimmed.
The largest buyer was City of London Investment Management, opening a new position worth an estimated $856K. The largest seller was Doliver Advisors, exiting entirely with an estimated $141K sold.
- 12 institutional investors held Herzfeld Credit Income Fund (HERZ) as of Q4 2013, up from 10 in Q3 2013.
- Funds reported $3.36M of Herzfeld Credit Income Fund stock for Q4 2013, up 22% quarter-over-quarter.
- 4 funds opened new Herzfeld Credit Income Fund positions in Q4 2013 and 2 closed out, a net change of +2 holders.
- The largest Herzfeld Credit Income Fund buyer in Q4 2013 was City of London Investment Management, an estimated $856K added.
- The largest Herzfeld Credit Income Fund seller in Q4 2013 was Doliver Advisors, an estimated $141K sold.
Based on aggregated 13F filings for Q4 2013.