# EDGAR Filing Document

**Accession Number:** 0000880406
**File Stem:** 0001752724-23-046585
**Filing Date:** 2023-2
**Character Count:** 18323
**Document Hash:** ab97b228b477a5d8101497573dcaf374
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046585.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046585

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HERZFELD CARIBBEAN BASIN FUND INC
- **CENTRAL INDEX KEY:** 0000880406
- **IRS NUMBER:** 650396889
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06445
- **FILM NUMBER:** 23682669

**BUSINESS ADDRESS:**
- **STREET 1:** 119 WASHINGTON AVENUE, SUITE 504
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139
- **BUSINESS PHONE:** 305-777-1660

**MAIL ADDRESS:**
- **STREET 1:** 119 WASHINGTON AVENUE, SUITE 504
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST CUBA FUND INC
- **DATE OF NAME CHANGE:** 19920929

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Herzfeld Caribbean Basin Fund, Inc.

- **b. Investment Company Act file number:** 811-06445

- **c. CIK number of Registrant:** 0000880406

- **d. LEI of Registrant:** 549300ML0K6PRXPULR11

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 119 WASHINGTON AVENUE

  - **City:** MIAMI BEACH

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33139

  - **Telephone number:** 305-777-1660

**Item A.2. Information about the Series.**

- **a. Name of Series:** Herzfeld Caribbean Basin Fund, Inc.

- **c. LEI of Series:** 549300ML0K6PRXPULR11

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $30426580.76

**Total Liabilities:** $133277.01

**Net Assets:** $30293303.75

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 14.06%               | 2.13%                | -9.72%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $117794.80               | $4239116.89                                |
| Month 2  | $-1071206.88             | $1700397.33                                |
| Month 3  | $49423.94                | $-2965260.02                               |

### Schedule of Portfolio Investments

| Name                                           | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Banco Latinoamericano De Comercio Exterior SA  | Banco Latinoamericano de Comercio Exterior, S.A ADR       | CUSIP: P16994132<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | US        |     42089 | NS      | $681841.80    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart De Mexico                             | Wal-Mart de Mexico S.A.B. de C.V.                         | CUSIP: P98180188<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    210222 | NS      | $743041.29    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano S A B de C V        | Fomento Economico Mexicano de C.V. Series UBD             | CUSIP: P4182H115<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     18900 | NS      | $147756.27    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitios Latinoamerica S.A.B. De C.V             | Sitios LatinoAmerica S.A.B. de C.V.                       | CUSIP: P87026103<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |         2 | NS      | $0.94         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                  | Martin Marietta Materials, Inc.                           | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      4000 | NS      | $1351880.00   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil S.A.B. de C.V.                   | America Movil S.A.B. de C.V.                              | CUSIP: P0280A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |    209144 | NS      | $188885.98    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Spanish Broadcasting System Inc..              | Spanish Broadcasting System, Inc. Class A                 | CUSIP: 846425833<br>LEI: 5493005DKYB1X4C9LH64 | Long             | EC               | CORP              | US        |     31172 | NS      | $21820.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cuban Electric Co                              | Cuban Electric Company                                    | CUSIP: 229615109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       700 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                          | Royal Caribbean Cruises Ltd.                              | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |     27863 | NS      | $1377268.09   | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextera Energy Inc                             | NextEra Energy, Inc.                                      | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19854 | NS      | $1659794.40   | 5.48%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Republic of Cuba 4.5%, due 1977                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    165000 | PA      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd             | Norwegian Cruise Line Holdings Ltd.                       | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116578 | NS      | $1426914.72   | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                  | Popular, Inc.                                             | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | US        |     25899 | NS      | $1717621.68   | 5.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AerSale Corporation                            | Aersale Corporation                                       | CUSIP: 00810F106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99206 | NS      | $1609121.32   | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp              | Marriott Vacations Worldwide Corporation                  | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      6745 | NS      | $907809.55    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sider Venezolana                               | Siderurgica Venezolana                                    | CUSIP: 825865702<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        79 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Copa Holdings SA                               | Copa Holdings, S.A. Class A                               | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | US        |     15250 | NS      | $1268342.50   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Consd Water Co                                 | Consolodated Water Company, Ltd.                          | CUSIP: G23773107<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | US        |      6092 | NS      | $90161.60     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Elektra S.A.B. de C.V.                   | Grupo Elektra, S.A.B. de C.V. Series CPO                  | CUSIP: P3642B213<br>LEI: 4469000001BCXPDCGY70 | Long             | EC               | CORP              | MX        |      1270 | NS      | $71379.66     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Margo Caribe Inc.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     55921 | NS      | $307565.50    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste S.A.B. de C.V. | Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR        | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |      5175 | NS      | $1205723.25   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano S A B de C V        | Fomento Economico Mexicano, S.A.B. de C.V. ADR            | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     13110 | NS      | $1024153.20   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil S.A.B. de C.V.                   | American Movil S.A.B. de C.V. Series L                    | CUSIP: 02364W105<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     10698 | NS      | $194703.60    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastec, Inc.                                   | MasTec, Inc.                                              | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     29868 | NS      | $2548636.44   | 8.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Radio Centro S A B DE C V                | Grupo Radio Centro. S.A.B. de C.V.                        | CUSIP: P4983X160<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    207034 | NS      | $38352.22     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceramica Carabobo, S.A.C.A.                    | Ceramica Carabobo SACA ADR                                | CUSIP: 15671P704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        20 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Fortress Energy Inc.                       | New Fortress Energy, Inc.                                 | CUSIP: 644393100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63602 | NS      | $2697996.84   | 8.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuego Ent Inc                                  | Fuego Enterprises Inc                                     | CUSIP: 35953E201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    479175 | NS      | $20652.44     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Caribbean Utilties                             | Caribbean Utilities Limited Class A                       | CUSIP: G1899E146<br>LEI: 549300JWGMJO03H0G857 | Long             | EC               | CORP              | US        |     23200 | NS      | $292320.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corporation                             | Lennar Corporation Class A                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     12500 | NS      | $1131250.00   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Operadora de Sites Mexicanos SA de CV          | Operadora De Sites Mex - A-1                              | CUSIP: P7369E102<br>LEI: 4469000001BRCBO8VP14 | Long             | EC               | CORP              | MX        |     33226 | NS      | $32565.15     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust                 | Federated Government Obligations Fund Institutional Class | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |     45712 | PA      | $45711.93     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Evertec Inc                                    | EVERTEC, Inc.                                             | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16956 | NS      | $549035.28    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp Puerto Rico                      | First BanCorporation                                      | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160604 | NS      | $2042882.88   | 6.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMEX S.A.B. de C.V.                           | Cemex S.A.B. de C.V. ADR                                  | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |    155645 | NS      | $630362.25    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PGT Innovations Inc                            | PGT Innovations, Inc.                                     | CUSIP: 69336V101<br>LEI: 549300LRW9WM59C1S579 | Long             | EC               | CORP              | US        |     70117 | NS      | $1259301.32   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CEC Entertainment Inc                          | PLAYA HOTELS & RESORTS N.V.                               | CUSIP: 125137109<br>LEI: 549300MWTY75LB8TRO50 | Long             | EC               | CORP              | US        |     78605 | NS      | $513290.65    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Becle Sab De Cv                                | Becle S.A.B. de C.V.                                      | CUSIP: P0929Y106<br>LEI: 529900JY55CZKMJLCE09 | Long             | EC               | CORP              | MX        |    503164 | NS      | $1098628.27   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                         | Grupo Mexico S.A.B. de C.V.                               | CUSIP: P49538112<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |      3872 | NS      | $13650.03     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                       | Vulcan Materials Company                                  | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      5000 | NS      | $875550.00    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Waterloo Investment Holdings Limited           | Waterloo Investment Holdings Limited                      | CUSIP: G94634105<br>LEI: 213800TZIK14GMV2YL02 | Long             | EC               | CORP              | US        |     70000 | NS      | $15680.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Seaboard Corp Del                              | Seaboard Corporation                                      | CUSIP: 811543107<br>LEI: 87Q3KOXT29OW9W9YPT70 | Long             | EC               | CORP              | US        |       137 | NS      | $517203.77    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** Susan McLauchlan

**Signature:** Susan McLauchlan

**Name of Signer:** Susan McLauchlan

**Title:** AVP Fund Accounting