% of shares outstanding is not shown for HERZ: this is a fund line, and we hold no cover-page share count for it at any quarter — a fund's shares outstanding move with creations and redemptions rather than with issuance and buybacks, and it is not the SEC cover-page count this percentage is defined against. The figure is withheld rather than computed against a count that does not exist. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for HERZ in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | Thomas J. Herzfeld Advisors, Inc. | 807,215807,215 | $13M | — | TRIM -86% |
| 2 | ENVESTNET ASSET MANAGEMENT INC | 251,029251,029 | $4M | — | TRIM -88% |
| 3 | CSS LLC/IL | 47,79647,796 | $740,838 | — | NEW |
| 4 | CHOREO, LLC | 45,55045,550 | $709,122 | — | TRIM -89% |
| 5 | OSAIC HOLDINGS, INC. | 4,3964,396 | $68,133 | — | TRIM -92% |
| 6 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 4,3074,307 | $66,759 | — | TRIM -89% |
| 7 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 4,0424,042 | $63,783 | — | TRIM -80% |
| 8 | MORGAN STANLEY | 2,6142,614 | $40,517 | — | TRIM -87% |
| 9 | Rockefeller Capital Management L.P. | 1,0821,082 | $16,771 | — | NEW |
| 10 | ROYAL BANK OF CANADA | 510510 | $8,000 | — | TRIM -88% |
| 11 | JPMORGAN CHASE & CO | 5252 | $822 | — | TRIM -98% |
| 12 | CoreCap Advisors, LLC | 2727 | $419 | — | TRIM -88% |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| Thomas J. Herzfeld Advisors, Inc. | 2.5M | 6.0M | 6.5M | 6.1M | 5.8M | 807K | $13M |
| ENVESTNET ASSET MANAGEMENT INC | — | 1.4M | 1.5M | 1.6M | 2.2M | 251K | $4M |
| CSS LLC/IL | 653K | 39K | 53K | 34K | — | 48K | $740,838 |
| CHOREO, LLC | 34K | 579K | 437K | 439K | 417K | 46K | $709,122 |
| OSAIC HOLDINGS, INC. | 91K | 75K | 88K | 38K | 56K | 4K | $68,133 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 235K | 238K | 199K | 95K | 39K | 4K | $66,759 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 14K | — | 14K | 15K | 20K | 4K | $63,783 |
| MORGAN STANLEY | 19K | 19K | 21K | 21K | 21K | 3K | $40,517 |
| Rockefeller Capital Management L.P. | — | — | — | 530 | — | 1K | $16,771 |
| ROYAL BANK OF CANADA | 6K | 5K | 9K | 5K | 4K | 510 | $8,000 |
| JPMORGAN CHASE & CO | — | — | 3K | 6K | 3K | 52 | $822 |
| CoreCap Advisors, LLC | 211 | 211 | 222 | 222 | 222 | 27 | $419 |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| CSS LLC/IL | +47,796 | $740,838 | OPEN |
| Rockefeller Capital Management L.P. | +1,082 | $16,771 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Thomas J. Herzfeld Advisors, Inc. | −5,034,713 | $78M | TRIM |
| ENVESTNET ASSET MANAGEMENT INC | −1,919,261 | $30M | TRIM |
| CHOREO, LLC | −371,939 | $6M | TRIM |
| Corient Private Wealth LLC | −55,238 | $856,189 | CLOSE |
| OSAIC HOLDINGS, INC. | −51,492 | $798,126 | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 12 | 1,168,620 | — | $18M |
| 2025-Q4 | 15 | 8,703,363 | — | $20M |
| 2025-Q3 | 22 | 8,541,993 | — | $20M |
| 2025-Q2 | 19 | 9,042,226 | — | $23M |
| 2025-Q1 | 17 | 8,530,330 | — | $23M |
| 2024-Q4 | 26 | 5,929,771 | — | $14M |
| 2024-Q3 | 29 | 6,142,625 | — | $28M |
| 2024-Q2 | 23 | 5,718,290 | — | $13M |
| 2024-Q1 | 23 | 5,683,983 | — | $15M |
| 2023-Q4 | 23 | 6,732,452 | — | $19M |
| 2023-Q3 | 20 | 1,379,397 | — | $5M |
| 2023-Q2 | 18 | 1,031,179 | — | $4M |
| 2023-Q1 | 18 | 1,002,871 | — | $4M |
| 2022-Q4 | 21 | 991,452 | — | $4M |
| 2022-Q3 | 16 | 937,959 | — | $3M |
| 2022-Q2 | 16 | 837,028 | — | $3M |
| 2022-Q1 | 17 | 818,460 | — | $4M |
| 2021-Q4 | 21 | 975,754 | — | $5M |
| 2021-Q3 | 18 | 907,186 | — | $5M |
| 2021-Q2 | 16 | 1,062,683 | — | $7M |
| 2021-Q1 | 17 | 1,168,274 | — | $7M |
| 2020-Q4 | 17 | 1,193,254 | — | $6M |
| 2020-Q3 | 19 | 1,327,535 | — | $5M |
| 2020-Q2 | 19 | 1,594,304 | — | $6M |
| 2020-Q1 | 22 | 1,795,718 | — | $6M |
| 2019-Q4 | 22 | 1,696,766 | — | $11M |
| 2019-Q3 | 19 | 1,940,539 | — | $12M |
| 2019-Q2 | 22 | 2,144,497 | — | $14M |
| 2019-Q1 | 23 | 1,993,237 | — | $12M |
| 2018-Q4 | 24 | 2,111,996 | — | $10M |
| 2018-Q3 | 24 | 2,130,902 | — | $14M |
| 2018-Q2 | 26 | 2,230,076 | — | $15M |
| 2018-Q1 | 22 | 2,177,377 | — | $16M |
| 2017-Q4 | 24 | 2,147,388 | — | $15M |
| 2017-Q3 | 23 | 1,791,665 | — | $13M |
| 2017-Q2 | 19 | 1,507,855 | — | $11M |
| 2017-Q1 | 25 | 1,331,479 | — | $9M |
| 2016-Q4 | 24 | 1,025,033 | — | $7M |
| 2016-Q3 | 21 | 818,006 | — | $5M |
| 2016-Q2 | 20 | 668,947 | — | $4M |
| 2016-Q1 | 21 | 668,742 | — | $5M |
| 2015-Q4 | 19 | 691,395 | — | $5M |
| 2015-Q3 | 19 | 616,002 | — | $4M |
| 2015-Q2 | 16 | 575,160 | — | $5M |
| 2015-Q1 | 16 | 478,500 | — | $4M |
| 2014-Q4 | 20 | 608,371 | — | $5M |
| 2014-Q3 | 17 | 534,185 | — | $4M |
| 2014-Q2 | 15 | 475,083 | — | $4M |
| 2014-Q1 | 11 | 387,943 | — | $3M |
| 2013-Q4 | 12 | 417,647 | — | $3M |
| 2013-Q3 | 10 | 312,978 | — | $3M |
| 2013-Q2 | 12 | 319,763 | — | $3M |
