Herzfeld Caribbean Basin Fund Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:HEC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
01 May 24	Sell€96,299	Erik Herzfeld	Individual		41,415	€2.43
26 Apr 24	Buy€3,470	Erik Herzfeld	Individual		1,531	€2.27

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 130.9%.

Top 25 shareholders own 49.72% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
16.1%	Thomas J. Herzfeld Advisors, Inc.	2,429,946	€5.0m	-4.36%	1.87%
10.5%	Thomas Herzfeld	1,590,111	€3.3m	4.78%	no data
6.52%	Deschutes Portfolio Strategy, LLC	986,548	€2.0m	18.5%	1.03%
4.4%	CSS LLC/IL, Asset Management Arm	665,995	€1.4m	4.32%	0.34%
2.92%	Erik Herzfeld	442,270	€907.3k	4.29%	no data
1.58%	Blue Bell Private Wealth Management, LLC	239,046	€490.4k	72.6%	0.11%
1.23%	Yakira Capital Management, Inc.	185,542	€380.6k	-37.6%	0.24%
1.07%	Logan Stone Capital, LLC	161,429	€331.2k	5.62%	0.09%
0.69%	Quarry LP	104,344	€214.0k	4.23%	0.11%
0.68%	Modern Capital Management, Co.	103,115	€211.5k	0%	0.39%
0.65%	Cowen Inc,Private Banking and Investment Banking Investments	97,976	€201.0k	5.05%	0.01%
0.6%	Advisor Group Holdings, Inc., Asset Management Arm	91,044	€186.8k	0%	no data
0.58%	Landscape Capital Management, LLC	87,692	€179.9k	-53.6%	0.02%
0.34%	Cambridge Investment Research Advisors, Inc.	52,022	€106.7k	7.12%	no data
0.28%	Cecilia Gondor	41,960	€86.1k	4.29%	no data
0.27%	Hunting Hill Global Capital, LLC	40,500	€83.1k	5.62%	0.04%
0.24%	Ann Lieff	36,358	€74.6k	5.8%	no data
0.23%	Choreo, LLC	35,227	€72.3k	0%	no data
0.18%	Susquehanna International Group, LLP, Asset Management Arm	27,734	€56.9k	49.9%	no data
0.17%	Ryan Paylor	25,134	€51.6k	5.8%	no data
0.14%	EMFO, LLC	21,735	€44.6k	0%	0.04%
0.14%	Bulldog Investors, LLP	20,443	€41.9k	4.23%	0.01%
0.094%	Security Investors, LLC	14,186	€29.1k	-2.83%	no data
0.082%	Putnam LLC	12,343	€25.3k	902%	no data
0.08%	International Assets Investment Management, LLC	12,166	€25.0k	0%	no data