Herzfeld Caribbean Basin Fund, Inc.    
Schedule of Investments as of September 30, 2024 (Unaudited)  
     
Shares or Principal Amount Description Fair Value
     
Common Stocks –  99.06% - of net assets  
     
Airlines – 2.75%    
15,250 Copa Holdings, S.A.                        1,431,060
Banking and Finance – 21.22%    
70,089 Banco Latinoamericano de Comercio Exterior, S.A.                        2,277,192
170,000 Evermore Bank1                        2,040,000
16,956 Evertec, Inc.                             574,639
88,690 First BanCorp. (Puerto Rico)                        1,877,567
53,454 OFG Bancorp                        2,401,154
18,598 Popular, Inc.                        1,864,821
Communications – 0.76%    
10,698 América Móvil, S.A.B. de C.V. Class B ADR                             175,019
209,144 América Móvil, S.A.B. de C.V.                              171,773
479,175 Fuego Enterprises, Inc.*1                                  4,792
207,033 Grupo Radio Centro S.A.B. de C.V.*                               42,063
Construction and Related – 16.56%    
155,581 Cemex, S.A.B. de C.V. ADR*                             949,044
20 Ceramica Carabobo Class A ADR*1                                           -   
3,840 Martin Marietta Materials, Inc.                        2,066,880
34,872 MasTec, Inc.*                        4,292,743
5,219 Vulcan Materials Company                        1,306,994
Food, Beverages, and Tobacco – 4.97%    
652,525 Becle, S.A.B. de C.V.                        1,027,442
18,900 Fomento Económico Mexicano, S.A.B. de C.V. Series UBD                             186,360
13,899 Fomento Económico Mexicano, S.A.B. de C.V. ADR                        1,371,970
Housing – 3.41%    
9,450 Lennar Corporation                        1,771,686
Investment Companies – 0.05%    
70,000 Waterloo Investment Holdings Ltd.*1                               24,500
Leisure – 26.84%    
82,700 Carnival Corporation*                        1,528,296
243,207 Norwegian Cruse Line Holdings Ltd.*                        4,988,176
94,570 OneSpaWorld Holdings Ltd.*                        1,561,351
202,058 Playa Hotels and Resorts N.V.*                        1,565,950
24,348 Royal Caribbean Cruises Ltd.                        4,318,361
Machinery – 0.90%    
392,076 Grupo Rotoplas S.A.B. de C.V.                             468,986
Mining – 1.27%    
117,872 Grupo México, S.A.B. de C.V. Series B                             658,570
Oil & Gas Services & Equipment – 4.53%    
129,000 SBM Offshore N.V.                        2,354,203
Real Estate Owners & Developers – 2.51%    
48,412 Corporacion Inmobilaria Vesta SAB de CV ADR                        1,304,219
Retail – 2.54%    
14,270 Grupo Elektra, S.A.B. de C.V. Series CPO                             684,906
210,222 Wal-Mart de México, S.A.B. de C.V. Series V                             634,360
 
 
Transportation Infrastructure – 1.51%    
2,775 Grupo Aeroportuario ADR                             784,659
Trucking and Marine Freight – 0.83%    
137 Seaboard Corporation                             429,769
Utilities – 7.60%    
23,200 Caribbean Utilies Ltd. Class A                             324,800
6,092 Consolidated Water Company Ltd.                             153,579
700 Cuban Electric Company*1                                           -   
26,697 NextEra Energy, Inc.                        2,256,697
133,602 New Fortress Energy, Inc., Class A                        1,214,442
Other – 0.81%    
55,921 Margo Caribe, Inc.*                             419,408
79 Siderurgica Venezolana Sivensa, S.A. Series B*1                                           -   
     
     
Total common stocks (cost $36,004,407)                      51,508,431
     
Bonds – 0% of net assets    
165,000 Republic of Cuba - 4.5%, 1977 - in default*1                                           -   
Total bonds (cost $63,038)                                           -   
     
Rights – 0% of net assets2    
23,200 Caribbean Utilities Rights, expiring 10/31/2024                                      232
Total rights (cost $792)                                         232
     
Money Market Funds – 0.81%    
423,635 Federated Hermes Government Obligations Fund,   
  Institutional Class, 4.79%3                             423,635
     
Total money market funds (cost $423,635)                                423,635
     
Total investments (cost $36,491,872) – 99.87% of net assets                      51,932,298
     
Other assets in excess of liabilities - 0.13% of net assets                               67,708
     
Net assets - 100%                      52,000,006
     
     
1     Securities have been fair valued in good faith, by the Adviser as "valuation designee", using fair value  
      methodology approved by the Board of Directors. Fair valued securities comprised 3.98% of net assets.  
2    Rounds to less than 0.05%.    
3    Rate disclosed is the seven day effective yield as of September 30, 2024.  
*   Non-income producing    
     
     
See accompanying notes to the financial statements.  
Herzfeld Caribbean Basin (NASDAQ:CUBA)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025 Plus de graphiques de la Bourse Herzfeld Caribbean Basin
Herzfeld Caribbean Basin (NASDAQ:CUBA)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025 Plus de graphiques de la Bourse Herzfeld Caribbean Basin