Herzfeld Credit Income Fund
HERZ
10 hedge funds and large institutions have $3.17M invested in Herzfeld Credit Income Fund in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 3 closing their positions.
6% less capital invested
Capital invested by funds: $3.36M → $3.17M (-$192K)
17% less funds holding
Funds holding: 12 → 10 (-2)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$90.2K |
| 2 |
BCM
Blume Capital Management
Berkeley,
California
|
+$12K |
| 3 |
Morgan Stanley
New York
|
+$2.93K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$252K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$36K |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$26.6K |
| 4 |
SSB
Sandy Spring Bank
Olney,
Maryland
|
-$16K |
| 5 |
First Manhattan
New York
|
-$12K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TJHA
1
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $2.36M | +$90.2K | +1,448 | +4% |
|
|
COLIM
2
City of London Investment Management
London,
United Kingdom
| $562K | -$252K | -4,047 | -31% |
|
|
BBPWM
3
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $81K | – | – | – |
|
|
4
First Manhattan
New York
| $53K | -$12K | -193 | -19% |
|
5
Bank of America
Charlotte,
North Carolina
| $51K | – | – | – |
|
|
U
6
UBS
Zurich,
Switzerland
| $26K | -$26.6K | -427 | -51% |
|
|
7
Morgan Stanley
New York
| $15K | +$2.93K | +47 | +24% |
|
|
BCM
8
Blume Capital Management
Berkeley,
California
| $12K | +$12K | +193 | New |
|
|
KTC
9
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $6K | – | – | – |
|
|
LTFS
10
Ladenburg Thalmann Financial Services
Miami,
Florida
| $2K | – | – | – |
|
|
WAM
11
Wolverine Asset Management
Chicago,
Illinois
| – | -$36K | -591 | Closed |
|
|
SSB
12
Sandy Spring Bank
Olney,
Maryland
| – | -$16K | -258 | Closed |
|
13
Wells Fargo
San Francisco,
California
| – | -$62 | -1 | Closed |
|
HERZ Hedge Fund Activity: Q1 2014 in Review
10 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Herzfeld Credit Income Fund (HERZ) for Q1 2014, worth a combined $3.17M — down 5.7% from $3.36M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of HERZ and 1 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 2 added.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $90.2K. The largest seller was City of London Investment Management, cutting an estimated $252K.
- 10 institutional investors held Herzfeld Credit Income Fund (HERZ) as of Q1 2014, down from 12 in Q4 2013.
- Funds reported $3.17M of Herzfeld Credit Income Fund stock for Q1 2014, down 5.7% quarter-over-quarter.
- 1 fund opened new Herzfeld Credit Income Fund positions in Q1 2014 and 3 closed out, a net change of -2 holders.
- The largest Herzfeld Credit Income Fund buyer in Q1 2014 was Thomas J. Herzfeld Advisors, an estimated $90.2K added.
- The largest Herzfeld Credit Income Fund seller in Q1 2014 was City of London Investment Management, an estimated $252K sold.
Based on aggregated 13F filings for Q1 2014.