NPORT-EX 2 herzfeldnport.htm NPORT EX

Herzfeld Caribbean Basin Fund, Inc.

Schedule of Investments as of September 30, 2021 (unaudited)

 

 

Shares or Principal Amount Description Fair Value

 

Common Stocks – 99.43% of net assets

Aerospace and Defense – 3.26%

76,418 Aersale Corp.* $1,299,106

 

Airlines – 4.14%

20,250 Copa Holdings, S.A. 1,647,945

 

Banking and finance – 20.75%

23,280 Bancolombia, S.A. 805,954
52,089 Banco Latinoamericano de Comercio Exterior, S.A. 913,641
16,956 Evertec, Inc. 775,228
235,211 First BanCorp. (Puerto Rico) 3,093,025
34,414 Popular, Inc. 2,672,935
3,844 W Holding Company, Inc.*1 --

 

Communications – 1.72%

  10,698 América Móvil, S.A.B. de C.V. Series L ADR 189,034
209,144 América Móvil, S.A.B. de C.V. 185,072
479,175 Fuego Enterprises, Inc.* 119,794
207,034 Grupo Radio Centro S.A.B. de C.V.* 37,102
32,272 Spanish Broadcasting System, Inc.* 124,247
33,226 Telesites S.A.B. Series B-1* 28,597

 

Conglomerates and holding companies - 0.00%

  250,000 Admiralty Holding Company*1 --

 

Construction and related – 28.15%

220,645 Cemex, S.A.B. de C.V. ADR 1,582,025
20 Ceramica Carabobo Class A ADR*1 --
4,500 Martin Marietta Materials 1,537,560
66,874 MasTec, Inc.* 5,769,889
77,117 PGT Innovations, Inc.* 1,472,935
5,000 Vulcan Materials 845,800

 

 
 

 

Herzfeld Caribbean Basin Fund, Inc.

Schedule of Investments as of June 30, 2021 (continued)

 

 

Shares or Principal Amount Description Fair Value

 

Food, beverages and tobacco – 6.32%

503,164 Becle, S.A.B. de C.V. 1,085,957
18,900 Fomento Económico Mexicano, S.A.B. de C.V. Series UBD 163,924
14,610 Fomento Económico Mexicano, S.A.B. de C.V. ADR 1,266,979

 

Housing – 2.94%

  12,500 Lennar Corporation 1,171,000

 

Investment companies - 0.00%

  70,000 Waterloo Investment Holdings Ltd.*1 --

 

Leisure – 11.47%

17,559 Carnival Corporation 439,151
6,745 Marriott Vacations Worldwide Corporation 1,061,191
49,717 Norwegian Cruise Line Holdings Ltd.* 1,327,941
19,570 Royal Caribbean Cruises Ltd. 1,740,752

 

Mining - 0.04%

  3,872 Grupo México, S.A.B. de C.V. Series B 15,393

 

Real Estate - 2.62%

  39,698 Retail Value, Inc. 1,045,248

 

Retail - 2.03%

  1,270 Grupo Elektra, S.A.B. de C.V. Series CPO 96,746
  210,222 Wal-Mart de México, S.A.B. de C.V. Series V 712,236

 

Transportation Infrastructure - 3.10%

  6,600 Grupo Aeroportuario ADR* 1,234,200

 

Trucking and marine freight – 1.41%

  137 Seaboard Corporation 561,699
 
 

 

 

Shares or Principal Amount Description Fair Value

 

Utilities – 10.17%

23,200 Caribbean Utilities Ltd. Class A $ 344,984
58,877 Consolidated Water Company Ltd. 671,198
700 Cuban Electric Company*1 --
26,976 NextEra Energy, Inc. 2,118,155

32,943

 New Fortress Energy, Inc., Class A

914,168

 

Other – 1.31%

  55,921 Margo Caribe, Inc.* 520,065
79 Siderurgica Venezolana Sivensa, S.A. Series B*1 --

 

Total common stocks (cost $25,022,839)

39,590,876

 

 

Bonds – 0.00% of net assets

  $165,000 Republic of Cuba - 4.5%, 1977 - in default*1 --

 

Total bonds (cost $63,038)

--

 

Warrants – 0.31%

20,000 Aersale Corp.* 123,000

 

Total Warrants (cost $123,062)

123,000

 

Money Market Securities – 0.26%

$106,244 Federated Hermes Government Obligations Fund, Institutional Class, 0.03%2 106,244

 

Total Money Market Securities (cost $106,244)

106,244

 

Total investments (cost $25,315,183) – 100.00% of net assets

39,820,120

 

Other assets in excess of liabilities – 0.00%3 of net assets

120

 

Net assets - 100%

39,820,240

 

 

1 Securities have been fair valued in good faith using fair value methodology approved by the

Board of Directors. Fair valued securities comprised 0.00% of net assets.

2 Rate disclosed is the seven day effective yield as of September 30, 2021.

3 Round to less than 0.005%.

* Non-income producing