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HERZ

Herzfeld Credit Income Fund
HERZ

19 hedge funds and large institutions have $4.24M invested in Herzfeld Credit Income Fund in 2015 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

200% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 2

19% more funds holding

Funds holding: 16 → 19 (+3)

22% less capital invested

Capital invested by funds: $5.45M → $4.24M (-$1.22M)

Holders
19
Holders Change
+3
Holders Change %
+18.75%
% of All Funds
0.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
6
Reduced
2
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$240K
2
CLOS
Compagnie Lombard Odier SCmA
Switzerland
+$142K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$98.7K
4
Creative Planning
Creative Planning
Kansas
+$66.6K
5
UBS Group
UBS Group
Switzerland
+$24.6K

Top Sellers

Rank Fund Capital Flow
1
TC
TFS Capital
Pennsylvania
-$248K
2
TRCT
Tower Research Capital (TRC)
New York
-$24.9K
3
Deutsche Bank
Deutsche Bank
Germany
-$4.48K
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
1
Thomas J. Herzfeld Advisors
Florida
$2.94M – – –
LPL Financial
2
LPL Financial
California
$406K +$240K +3,487 +90%
Morgan Stanley
3
Morgan Stanley
New York
$314K +$15K +218 +4%
CLOS
4
Compagnie Lombard Odier SCmA
Switzerland
$113K +$142K +2,062 New
Bank of America
5
Bank of America
North Carolina
$89K +$1.59K +23 +1%
Susquehanna International Group
6
Susquehanna International Group
Pennsylvania
$78K +$98.7K +1,431 New
UFA
7
US Financial Advisors
Massachusetts
$74K +$17.8K +258 +24%
UBS Group
8
UBS Group
Switzerland
$62K +$24.6K +357 +46%
Creative Planning
9
Creative Planning
Kansas
$53K +$66.6K +966 New
Wells Fargo
10
Wells Fargo
California
$31K +$69 +1 +0.2%
SSB
11
Sandy Spring Bank
Maryland
$19K – – –
FAM
12
Formidable Asset Management
Ohio
$15K – – –
US Bancorp
13
US Bancorp
Minnesota
$15K +$18.7K +271 New
Citigroup
14
Citigroup
New York
$7K – – –
KTC
15
Kistler-Tiffany Companies
Pennsylvania
$5K – – –
TRCT
16
Tower Research Capital (TRC)
New York
$4K -$24.9K -361 -82%
Deutsche Bank
17
Deutsche Bank
Germany
$3K -$4.48K -65 -47%
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$1K – – –
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$1K – – –
TC
20
TFS Capital
Pennsylvania
– -$248K -3,383 Closed

HERZ Hedge Fund Activity: Q3 2015 in Review

19 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Herzfeld Credit Income Fund (HERZ) for Q3 2015, worth a combined $4.24M — down 22% from $5.45M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new HERZ positions and 1 closed out — a net gain of 3 holders — while 6 added to existing stakes and 2 trimmed.

The largest buyer was LPL Financial, adding an estimated $240K. The largest seller was TFS Capital, exiting entirely with an estimated $248K sold.

  • 19 institutional investors held Herzfeld Credit Income Fund (HERZ) as of Q3 2015, up from 16 in Q2 2015.
  • Funds reported $4.24M of Herzfeld Credit Income Fund stock for Q3 2015, down 22% quarter-over-quarter.
  • 4 funds opened new Herzfeld Credit Income Fund positions in Q3 2015 and 1 closed out, a net change of +3 holders.
  • The largest Herzfeld Credit Income Fund buyer in Q3 2015 was LPL Financial, an estimated $240K added.
  • The largest Herzfeld Credit Income Fund seller in Q3 2015 was TFS Capital, an estimated $248K sold.

Based on aggregated 13F filings for Q3 2015.