0001398344-11-001841.txt : 20110812
0001398344-11-001841.hdr.sgml : 20110812
20110812160454
ACCESSION NUMBER: 0001398344-11-001841
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110812
DATE AS OF CHANGE: 20110812
EFFECTIVENESS DATE: 20110812
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Thomas J. Herzfeld Advisors, Inc.
CENTRAL INDEX KEY: 0001509510
IRS NUMBER: 592414380
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-14375
FILM NUMBER: 111031406
BUSINESS ADDRESS:
STREET 1: PO BOX 161465
CITY: MIAMI
STATE: FL
ZIP: 33116
BUSINESS PHONE: 305-271-1900
MAIL ADDRESS:
STREET 1: PO BOX 161465
CITY: MIAMI
STATE: FL
ZIP: 33116
13F-HR
1
fp0003294_13fhr.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2011
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Thomas J. Herzfeld Advisors, Inc.
Address: PO Box 161465
Miami, FL 33116
Form 13F File Number: 028-14375
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Thomas J. Herzfeld
Title: President
Phone: (305) 271-1900
Signature, Place, and Date of Signing:
/s/ Thomas J. Herzfeld Miami, FL August 9, 2011
----------------------- --------- --------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-----------
Form 13F Information Table Entry Total: 288
-----------
Form 13F Information Table Value Total: $ 115,595
-----------
(thousands)
List of Other Included Managers:
Provide a numbered list of the names(s) and Form 13F file numbers(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
NONE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------- --------------- --------- ----------- -------------------- ---------- -------- ---------------------
VOTING AUTHORITY
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------- --------------- --------- ----------- ----------- --- ---- ---------- -------- --------- ------ ----
Alliance Bernstein Income Fund common stock 01881E101 221 28,000 28,000
Adams Express common stock 006212104 962 86,378 86,378
Alpine Total Dynamic Dividend
Fund common stock 021060108 5,651 930,966 930,966
Asia Pacific Fund common stock 044901106 12 1,000 1,000
Morgan Stanley Asia Pacific
Fund common stock 61744U106 490 28,815 28,815
ASA Gold and Precious Metals common stock G3156P103 143 5,000 5,000
Liberty All-Star Growth Fund common stock 529900102 34 7,626 7,626
American Strategic Income
Portfolio common stock 030098107 14 1,162 1,162
Alpine Global Premier
Properties Fund common stock 02083A103 494 68,661 68,661
Brantley Capital common stock 105494108 19 59,109 59,109
Bancroft Fund common stock 059695106 619 35,673 35,673
Rivus Bond Fund common stock 769667106 763 40,947 40,947
BlackRock Strategic Dividend
Achievers Trust common stock 09249Y107 405 37,934 37,934
BlackRock Dividend Achievers
Trust common stock 09250N107 7 729 729
BlackRock Strategic Bond Trust common stock 09249G106 21 1,555 1,555
BlackRock Core Bond Trust common stock 09249E101 151 12,016 12,016
Boulder Growth and Income Fund common stock 101507101 314 48,509 48,509
BlackRock Income Trust common stock 09247F100 1,752 248,819 248,819
BlackRock Income Opportunity
Trust common stock 092475102 10 1,000 1,000
BlackRock Credit Allocation
Income Trust III common stock 09249V103 331 30,500 30,500
BlackRock S&P Quality Rankings
Global Equity Managed Trust common stock 09250D109 35 2,515 2,515
American Strategic Income
Portfolio II common stock 030099105 884 95,920 95,920
Boulder Total Return Fund common stock 101541100 472 28,715 28,715
John Hancock Bank & Thrift
Opportunity common stock 409735206 136 8,275 8,275
BlackRock Credit Allocation
Income Trust IV common stock 092508100 1,726 138,002 138,002
Morgan Stanley China A Share
Fund common stock 617468103 159 5,837 5,837
Central Europe and Russia Fund common stock 153436100 196 4,512 4,512
Central Fund of Canada common stock 153501101 20 1,000 1,000
Central Securities common stock 155123102 810 93,916 33,916
Calamos Global Dynamic Income
Fund common stock 12811L107 49 5,644 5,644
Cornerstone Strategic Value
Fund common stock 21924B203 12 1,120 1,120
MFS Intermarket Income Trust I common stock 59318R103 710 84,956 84,956
Cornerstone Total Return Fund common stock 21924U201 1 150 150
American Strategic Income
Portfolio III common stock 03009T101 715 90,000 90,000
Calamos Strategic Total Return
Fund common stock 128125101 1,689 176,494 176,494
The Herzfeld Caribbean Basin
Fund common stock 42804T106 1,007 141,034 141,034
DCA Total Return Fund common stock 233066109 4,021 1,058,066 1,058,066
Diamond Hill Financial Trends
Fund common stock 25264C101 100 10,122 10,122
DWS High Income Opportunities
Fund common stock 23339M204 197 13,505 13,505
Dow 30 Enhanced Premium &
Income Fund common stock 260537105 51 4,506 4,506
Cohen & Steers Dividend Majors
Fund common stock 19248G106 56 4,008 4,008
Ellsworth Fund common stock 289074106 47 6,254 6,254
European Equity Fund common stock 298768102 7 880 880
Engex common stock 292851102 33 9,700 9,700
Western Asset Global High
Income Fund common stock 95766B109 13 1,023 1,023
Western Asset Emerging Markets
Income Fund common stock 95766E103 296 21,405 21,405
Enzo Biochem common stock 294100102 13 3,000 3,000
Eaton Vance Enhanced Equity
Income Fund common stock 278274105 215 17,922 17,922
Eaton Vance Enhanced Equity
Income Fund II common stock 278277108 35 3,000 3,000
Equus Total Return common stock 294766100 407 169,631 169,631
Evergreen Multi-Sector Income
Fund common stock 94987D101 0 6 6
Western Asset Emerging Markets
Debt Fund common stock 95766A101 2,043 107,035 107,035
Eaton Vance Tax-Managed
Buy-Write Income Fund common stock 27828X100 138 10,000 10,000
Emerging Markets
Telecommunications Fund common stock 00301T102 64 3,400 3,400
Eaton Vance Tax-Advantaged
Global Dividend Income Fund common stock 27828S101 164 10,717 10,717
Eaton Vance Risk-Managed
Diversified Equity Income
Fund common stock 27829G106 3,662 290,167 290,167
Eaton Vance Tax-Managed
Buy-Write Opportunities Fund common stock 27828Y108 489 38,384 38,384
Eaton Vance Tax-Managed Global
Buy-Write Opp. Fund common stock 27829C105 795 65,516 65,516
Eaton Vance Tax-Managed
Diversified Equity Income
Fund common stock 27828N102 2,465 225,751 225,751
Eaton Vance Tax Advantage Bond
and Auction Strategies common stock 27829M103 627 35,777 35,777
Eaton Vance Tax-Managed Global
Diversified Equity Income
Fund common stock 27829F108 3,593 343,180 343,180
Aberdeen Asia-Pacific Income
Fund common stock 003009107 73 10,000 10,000
Fort Dearborn Income Securities common stock 347200107 105 6,989 6,989
First Trust/Aberdeen Emerging
Opportunities Fund common stock 33731K102 23 1,090 1,090
Morgan Stanley Frontier
Emerging Markets Fund common stock 61757P101 136 10,181 10,181
SunAmerica Focused Alpha
Growth Fund common stock 867037103 179 8,619 8,619
SunAmerica Focused Alpha
Large-Cap Fund, Inc. common stock 867038101 293 15,342 15,342
First Trust Strategic High
Income Fund common stock 337347108 166 44,137 44,137
First Trust Strategic High
Income Fund III common stock 33735C106 506 111,949 111,949
First Trust Strategic High
Income Fund II common stock 337353106 183 35,280 35,280
First Opportunity Fund common stock 33587T108 4,062 564,131 564,131
First Trust High Income
Long/Short Fund common stock 33738E109 187 10,001 10,001
Federated Enhanced Treasury
Income Fund common stock 314162108 4,191 269,502 269,502
Royce Focus Trust common stock 78080N108 212 27,259 27,259
Foxby Corp. common stock 351645106 127 105,840 105,840
General Dynamics common stock 369550108 447 6,000 6,000
Gabelli Equity Trust common stock 362397101 14 2,361 2,361
Gabelli Equity Trust Preferred
Series D preferred stock 362397705 221 8,672 8,672
Gabelli Equity Trust Preferred
Series F preferred stock 362397804 8 300 300
General American Investors common stock 368802104 360 12,841 12,841
General American Investors
Preferred Series B preferred stock 368802401 365 14,494 14,494
Guggenheim Build America Bond
Managed Duration Trust common stock 401664107 365 18,723 18,723
Global Income and currency fund common stock 378968101 543 37,587 37,587
Greater China Fund common stock 39167B102 409 32,225 32,225
Gabelli Convertible and Income
Securities Preferred Series B preferred stock 36240B307 60 2,300 2,300
General Dynamics common stock 369550108 75 1,000 1,000
Gabelli Global Deal Fund common stock 36245G103 188 14,012 14,012
GDL Fund Preferred Series B preferred stock 361570302 410 7,670 7,670
Western Asset Global Corporate
Defined Opportunity Fund common stock 95790C107 57 3,015 3,015
Gabelli Dividend and Income
Trust common stock 36242H104 393 23,666 23,666
Gabelli Dividend and Income
Trust Preferred Series A preferred stock 36242H203 50 2,000 2,000
New Germany Fund common stock 644465106 442 24,469 24,469
Western Asset Variable Rate
Strategic Fund common stock 957667108 17 1,000 1,000
Guggenheim Enhanced Equity
Strategy Fund common stock 40167K100 52 3,016 3,016
Gabelli Global Multimedia Trust common stock 36239Q109 456 57,156 57,156
Gabelli Global Multimedia
Trust preferred Series B preferred stock 36239Q307 235 9,134 9,134
Global Income Fund common stock 37934Y108 68 16,250 16,250
SPDR Gold Trust common stock 78463V107 438 3,000 3,000
Clough Global Opportunities
Fund common stock 18914E106 764 56,805 56,805
Clough Global Equity Fund common stock 18914C100 334 22,580 22,580
Clough Global Allocation Fund common stock 18913Y103 151 9,819 9,819
General Motors common stock 37045V100 30 1,000 1,000
Eagle Capital Growth Fund common stock 269451100 25 3,555 3,555
Gabelli Healthcare and
Wellness Trust common stock 36246K103 160 20,714 20,714
Helios Advantage Income Fund common stock 42327W206 86 10,410 10,410
Internet Holders Trust common stock 46059W102 154 2,000 2,000
Helios High Yield Fund common stock 42328Q109 12 1,200 1,200
Helios High Income Fund common stock 42327X204 13 1,637 1,637
BlackRock High Income Shares common stock 09250E107 55 25,304 25,304
Helios Multi-Sector High
Income Fund common stock 42327Y202 6 1,000 1,000
H&Q Healthcare Investors common stock 404052102 341 21,365 21,365
H&Q Life Sciences Investors
Fund common stock 404053100 33 2,650 2,650
Helios Strategic Income Fund common stock 42328A203 42 7,410 7,410
Helios Strategic Mortgage
Income Fund common stock 42327M109 13 2,000 2,000
Helios Total Return Fund common stock 42327V109 25 4,000 4,000
BlackRock Corporate High Yield
Fund V common stock 09255N102 51 4,200 4,200
Morgan Stanley Income
Securities common stock 61745P874 3 150 150
MS Insured CA Municipal
Securities common stock 46130W105 218 17,021 17,021
ING Infrastructure Industrials
and Materials Fund common stock 45685U100 108 5,070 5,070
Indonesia Fund common stock 00305P106 566 41,289 41,289
Western Asset Investment Grade
Defined Opportunities common stock 95790A101 21 1,001 1,001
MS CA Insured Municipal Income common stock 46130L109 161 12,144 12,144
Morgan Stanley India
Investment Fund common stock 61745C105 90 4,100 4,100
Western Asset Inflation
Management Fund common stock 95766U107 92 5,261 5,261
MS CA Quality Municipal
Securities common stock 46130M107 322 26,534 26,534
MS NY Quality Municipal
Securities common stock 46133F109 83 6,000 6,000
New Ireland Fund common stock 645673104 161 18,778 18,778
Nuveen Core Equity Alpha Fund common stock 67090X107 119 8,283 8,283
Nuveen Diversified Dividend &
Income Fund common stock 6706EP105 354 31,000 31,000
Japan Equity Fund common stock 471057109 829 135,930 135,930
Jardine Fleming China Region
Fund common stock 46614T107 54 3,567 3,567
Nuveen Tax-Advantaged Floating
Rate Fund common stock 6706EV102 234 92,793 92,793
Nuveen Multi-Currency
Short-Term Government Income
Fund common stock 67090N109 1,036 69,684 69,684
Nuveen Opportunity Term Fund common stock 670735109 49 2,001 2,001
Japan Smaller Capitalization
Fund common stock 47109U104 119 14,451 14,451
Nuveen Multi-Strategy Income
and Growth Fund common stock 67073B106 210 23,857 23,857
Nuveen Equity Premium & Growth
Fund common stock 6706EW100 80 6,000 6,000
Nuveen Multi-Strategy Income
and Growth Fund 2 common stock 67073D102 305 33,317 33,317
Nuveen Tax-Advantaged Dividend
Growth Fund common stock 67073G105 62 4,695 4,695
JZ Capital Partners common stock G5216J134 381 60,000 60,000
Korea Fund common stock 500634209 1,074 21,804 21,804
DWS Global High Income common stock 23338W104 62 7,772 7,772
Lehman Brothers Holdings Inc. common stock 524908100 0 24 24
Lazard Global Total Return &
Income Fund common stock 52106W103 31 2,001 2,001
Ladenburg Thalmann Financial
Services common stock 50575Q102 28 20,000 20,000
Malaysia Fund common stock 560905101 45 4,000 4,000
BlackRock MuniYield California
Insured Fund common stock 09254N103 201 15,100 15,100
Madison/Claymore Covered Call
& Equity Strategy Fund common stock 556582104 43 5,000 5,000
MFS Charter Income Fund common stock 552727109 172 17,200 17,200
MFS Government Markets Income
Trust common stock 552939100 61 9,000 9,000
Macquarie Global
Infrastructure Total Return
Fund common stock 55608D101 308 16,608 16,608
Eaton Vance Insured Michigan
Municipal Bond Fund common stock 27828M104 1 87 87
BlackRock MuniYield Michigan
Insured Fund common stock 09254V105 0 21 21
MFS Multimarket Income Trust common stock 552737108 134 19,600 19,600
BlackRock Muni NY Intermediate
Duration Fund common stock 09255F109 51 3,896 3,896
American Income Fund common stock 02672T109 52 6,400 6,400
Margo Caribe Inc. common stock 566606101 2 8,318 8,318
Morgan Stanley Emerging Market
Debt Fund common stock 61744H105 504 47,462 47,462
Morgan Stanley Emerging Markets common stock 61744G107 124 7,800 7,800
Madison Strategic Sector
Premium Fund common stock 558268108 38 3,043 3,043
Montgomery Street Income
Securities common stock 614115103 793 49,722 49,722
BlackRock MuniAssets Fund common stock 09254J102 26 2,182 2,182
MVC Capital Corp. common stock 553829102 52 3,918 3,918
Mexico Equity & Income Fund common stock 592834105 247 21,123 21,123
Mexico Fund common stock 592835102 120 4,256 4,256
Nuveen AZ Premium Income
Municipal Fund common stock 67061W104 26 2,000 2,000
Nuveen CA Municipal Value Fund common stock 67062C107 115 13,000 13,000
Nuveen CA Premium Income
Municipal Fund Preferred
Series C preferred stock 6706L0300 25 2,500 2,500
Nuveen AZ Dividend Advantage
Municipal Fund common stock 67069L100 19 1,500 1,500
Nuveen GA Dividend Advantage
Municipal Fund 2 Preferred
Series C preferred stock 67072B107 25 2,500 2,500
Nuveen Insured NY Dividend
Advantage Municipal Fund common stock 67071N102 84 6,000 6,000
Nuveen AZ Dividend Advantage
Municipal Fund 2 common stock 67071P107 31 2,362 2,362
Nuveen MI Premium Income
Municipal Fund common stock 67101Q109 425 31,221 31,221
Nuveen MD Premium Income Fund
Preferred Series C preferred stock 67061Q404 21 2,000 2,000
Nuveen GA Premium Income
Municipal Fund Preferred
Series C preferred stock 67060F300 10 1,000 1,000
Nuveen VA Premium Income
Municipal Preferred Series C preferred stock 67064R409 25 2,500 2,500
Nuveen PA Premium Income
Municipal 2 common stock 67061F101 26 2,000 2,000
Nuveen PA Investment Quality
Municipal common stock 670972108 27 2,000 2,000
Nuveen TX Quality Income
Municipal Fund Preferred
Series C preferred stock 670983402 86 8,600 8,600
Nuveen MI Quality Income
Municipal Fund common stock 670979103 164 12,000 12,000
Nuveen NY Select Quality
Municipal Fund common stock 670976109 57 4,000 4,000
Nuveen PA Dividend Advantage
Municipal Fund 2 common stock 67071W102 32 2,359 2,359
Nuveen Pennsylvania Dividend
Advantage Fund Preferred
Series C preferred stock 67071W300 10 1,000 1,000
Nuveen AZ Dividend Advantage
Municipal Fund 3 common stock 67072E101 20 1,553 1,553
Nuveen New York Dividend
Advantage Municipal Fund 2 common stock 67070A101 53 4,000 4,000
Nuveen PA Dividend Advantage
Municipal Fund common stock 67070E103 60 4,500 4,500
Nuveen CA Dividend Advantage
Municipal Fund 3 Preferred
Series C preferred stock 67066Y501 20 2,000 2,000
Nuveen MI Dividend Advantage
Municipal Fund common stock 67070W103 109 8,423 8,423
Nuveen GA Dividend Advantage
Municipal Fund Preferred
Series C preferred stock 67070T308 20 2,000 2,000
MS Municipal Income
Opportunities Trust II common stock 46133A100 37 5,205 5,205
John Hancock Patriot Premium
Dividend II common stock 41013T105 18 1,396 1,396
Petroleum & Resources Corp. common stock 716549100 1,043 35,362 35,362
Flaherty & Crumrine Preferred
Income Fund common stock 338480106 3 200 200
BlackRock Credit Allocation
Income Trust I common stock 09255J101 63 6,671 6,671
BlackRock Credit Allocation
Income Trust II common stock 09255H105 810 79,800 79,800
RMR Asia Pacific Real Estate
Fund common stock 76970B101 2,007 108,526 108,526
RENN Global Entrepreneurs Fund common stock 759720105 286 122,701 122,701
Royce Focus Trust Preferred
Series A preferred stock 78080N306 16 1,000 1,000
RMR Real Estate Income Fund common stock 74964K609 161 4,871 4,871
Royce Micro-Cap Trust, Inc. common stock 780915104 573 58,154 58,154
Royce Micro-Cap Trust, Inc.
Preferred Series A preferred stock 780915302 66 2,600 2,600
Morgan Stanley Eastern Europe
Fund common stock 616988101 19 1,000 1,000
Royce Value Trust common stock 780910105 1,012 67,802 67,802
Royce Value Trust Preferred
Series B preferred stock 780910402 397 15,739 15,739
Guggenheim Raymond James SB-1
Equity common stock 18383M613 18 792 792
Western Asset Worldwide Income
Fund common stock 957668106 1,075 77,663 77,663
LMP Capital and Income Fund common stock 50208A102 162 11,778 11,778
Singapore Fund common stock 82929L109 160 11,000 11,000
American Select Portfolio common stock 029570108 160 14,800 14,800
Spain Fund common stock 45082X103 8 1,000 1,000
Source Capital common stock 836144105 144 2,506 2,506
Special Opportunities Fund common stock 84741T104 31 2,000 2,000
Storage Technology Corp. common stock 19842X109 61 3,199 3,199
Swiss Helvetia Fund common stock 870875101 172 11,498 11,498
Templeton Dragon Fund common stock 88018T101 70 2,309 2,309
Thai Capital Fund common stock 882905201 134 14,000 14,000
Taiwan Greater China Fund common stock 874037104 69 9,031 9,031
Tim Hortons Inc. common stock 88706M103 1 13 13
LMP Corporate Loan Fund common stock 50208B100 115 9,258 9,258
Tuxis Corporation common stock 901144105 8 8,400 8,400
Tri-Continental Corp. common stock 895436103 2,761 184,913 184,913
Tri-Continental Corp. preferred preferred stock 895436202 24 500 500
TS&W/Claymore Tax-Advantaged
Balanced Fund common stock 87280R108 91 8,000 8,000
United States Natural Gas Fund common stock 912318110 44 4,000 4,000
Liberty All-Star Equity Fund common stock 530158104 1,214 234,723 234,723
Cohen & Steers Select Utility
Fund common stock 19248A109 1,069 60,047 60,047
Delaware Investments CO
Insured Municipal Income preferred stock 246101109 51 4,000 4,000
Delaware Investments Minnesota
Municipal Income II common stock 24610V103 131 10,314 10,314
Western Asset Claymore
Inflation Linked
Opportunities Fund common stock 95766R104 59 4,682 4,682
Zweig Fund common stock 989834106 267 77,979 77,979
Zweig Total Return Fund common stock 989837109 755 222,665 222,665
Zweig Fund common stock 989834106 267 77,979 77,979
Zweig Total Return Fund common stock 989837109 755 222,665 222,665
AMERICA MOVIL ADR SERIES L common stock 02364W105 1,217 23,595 23,595
ATLANTIC TELE NETWORK INC common stock 049079205 525 11,698 11,698
BANCOLOMBIA S.A. SPONS ADR common stock 05968L102 1,420 26,280 26,280
BCB HOLDINGS LTD common stock 072536907 61 70,348 70,348
CARNIVAL CORP common stock 143658300 1,562 41,500 41,500
CEMEX SAB SPONS ADR PART CER common stock 151290889 477 42,438 42,438
CHIQUITA BRANDS INTL common stock 170032809 260 17,000 17,000
CLEANPATH RESOURCES CORP common stock 18449M102 1 53,874 53,874
COCA COLA FEMSA SAB SP ADR common stock 191241108 2,093 24,500 24,500
FOMENTO ECONOMICO MEXICA UBD common stock 224205906 125 18,900 18,900
CEMEX SAB CPO common stock 240645903 48 55,790 55,790
KIMBERLY CLARK MEXICO CL A common stock 249191008 40 6,100 6,100
DORAL FINANCIAL CORP common stock 25811P886 23 11,500 11,500
GRUPO AEROPORTUARIO DE SUR B common stock 263934903 4 700 700
GRUPO MEXICO SA SER B common stock 264367905 13 3,863 3,863
AMERICA MOVIL SAB DE C SER A common stock 264997909 95 35,600 35,600
AMERICA MOVIL SAB DE C SER L common stock 266747906 282 104,572 104,572
TELEFONOS DE MEXICO SAB L common stock 288168008 65 78,600 78,600
GRUPO ELEKTRA SA common stock 296708902 65 1,270 1,270
FUEGO ENTERPRISES INC common stock 35953E102 12 377,100 377,100
GELTECH SOLUTIONS INC common stock 368537106 44 13,000 13,000
GRUPO CASA SABA SA SPON ADR common stock 40048P104 219 13,273 13,273
GRUPO RADIO CENTRO SAB SP AD common stock 40049C102 230 22,516 22,516
GRUPO TELEVISA SA SPON ADR common stock 40049J206 797 32,400 32,400
GRUPO TMM SA SP ADR A common stock 40051D303 21 12,280 12,280
ISHARES S+P LATIN AMERICA 40 I common stock 464287390 103 1,100 1,100
LENNAR CORP A common stock 526057104 681 37,500 37,500
MARGO CARIBE INC common stock 566605101 22 55,921 55,921
MASTEC INC common stock 576323109 1,403 71,132 71,132
NORFOLK SOUTHERN CORP common stock 655844108 1,424 19,000 19,000
POPULAR INC common stock 733174106 166 50,000 50,000
RAILAMERICA INC common stock 750753402 450 20,000 20,000
SEABOARD CORP common stock 811543107 3,194 1,321 1,321
SEACOR HOLDINGS INC common stock 811904101 200 2,000 2,000
SPANISH BROADCASTING SYS A common stock 846425882 56 80,304 80,304
TECO ENERGY INC common stock 872375100 859 40,500 40,500
TELEFONOS DE MEXICO SP ADR L common stock 879403780 380 15,000 15,000
TRAILER BRIDGE INC common stock 892782103 169 79,087 79,087
W HOLDING COMPANY INC common stock 929251874 1 3,844 3,844
WATSCO INC common stock 942622200 1,945 29,600 29,600
WESTERN UNION CO common stock 959802109 401 16,000 16,000
WALMART DE MEXICO SER V common stock B02YZ0905 267 90,222 90,222
SHELLSHOCK LTD common stock B27W7V903 3 3,250 3,250
IMPELLAM GROUP PLC common stock B2Q2M0909 76 13,000 13,000
SHELLPROOF LTD common stock B2R9C9905 3 4,420 4,420
CARIBBEAN UTILITIES CO LTD A common stock G1899E146 110 12,000 12,000
CONSOLIDATED WATER CO ORD SH common stock G23773107 621 66,841 66,841
FRESH DEL MONTE PRODUCE INC common stock G36738105 525 19,690 19,690
BANCO LATINOAMERICANO COME E common stock P16994132 727 39,000 39,000
COPA HOLDINGS SA CLASS A common stock P31076105 2,036 32,500 32,500
STEINER LEISURE LTD common stock P8744Y102 664 11,029 11,029
ULTRAPETROL (BAHAMAS) LTD common stock P94398107 138 28,000 28,000
ROYAL CARIBBEAN CRUISES LTD common stock V7780T103 1,675 44,500 44,500
TEEKAY LNG PARTNERS LP common stock Y8564M105 309 8,361 8,361
TEEKAY CORP common stock Y8564W103 618 20,000 20,000