HERZFELD CARIBBEAN BASIN FD

CUSIP: 42804T106 Class: CEF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

Cetera Investment Advisers
Value ($000) $55 Shares 24,598

Increased Positions (4)

ENVESTNET ASSET MANAGEMENT INC
Value ($000) $4,818 (+25.3%) Shares 2,170,290 (+34.3%)
OSAIC HOLDINGS, INC.
Value ($000) $124 (+37.4%) Shares 55,888 (+47.4%)
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC
Value ($000) $44 (+14.1%) Shares 20,021 (+30.7%)
Corient Private Wealth LLC
Value ($000) $61 (+12.2%) Shares 27,619 (+20.3%)

Decreased Positions (5)

Thomas J. Herzfeld Advisors, Inc.
Value ($000) $12,969 (-10.7%) Shares 5,841,928 (-4.2%)
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC
Value ($000) $87 (-61.8%) Shares 39,132 (-59.0%)
Hunting Hill Global Capital, LLC
Value ($000) $90 (-13.5%) Shares 40,401 (-7.3%)
CHOREO, LLC
Value ($000) $1,110 (+6.2%) Shares 417,489 (-5.0%)
ROYAL BANK OF CANADA
Value ($000) $9 (-25.0%) Shares 4,087 (-21.3%)

Exited Positions (8)

Bulldog Investors, LLP
Value ($000) $42 Shares 17,573
CSS LLC/IL
Value ($000) $80 Shares 33,653
JANE STREET GROUP, LLC
Value ($000) $51 Shares 21,605
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $45 Shares 18,869
CITADEL ADVISORS LLC
Value ($000) $35 Shares 14,847
UBS Group AG
Value ($000) $6 Shares 2,325
Rockefeller Capital Management L.P.
Value ($000) $1 Shares 530
Virtu Financial LLC
Value ($000) $0 Shares 19,360