The Herzfeld family is reducing its position in the Credit Income Fund, trimming a large position through open-market sales over two weeks. No new demands or strategic initiatives—this is a routine position update. Monitor for further 13D filings to see if the selling continues or if the family is rotating into other Herzfeld vehicles.
Price Chart
Executive Summary
Erik M. Herzfeld filed an amended Schedule 13D disclosing a 34.13% beneficial ownership stake in Herzfeld Credit Income Fund as of September 30, 2026, representing 690,033 shares. This is a decrease from the prior 40.59% stake (820,755 shares) reported in the October 2026 filing, driven by significant open-market sales by advisory clients totaling approximately 71,413 shares between September 25 and October 7, 2026. The filing is a routine position update with no new activist demands or purpose changes.
Key Financial Metrics
Key Facts
- Erik M. Herzfeld reports 34.13% beneficial ownership (690,033 shares) as of September 30, 2026, down from 40.59% in the prior filing.
- Advisory clients sold a net of approximately 71,413 shares in open-market transactions between September 25 and October 7, 2026, at prices ranging from $14.89 to $15.73.
- The filing includes 3,027 shares received via the issuer's dividend reinvestment program at $14.2786.
- No new activist demands, purpose changes, or strategic initiatives are disclosed.
Financial Impact
Stake reduction of ~6.46 percentage points (from 40.59% to 34.13%) via open-market sales totaling approximately 71,413 shares, with proceeds of roughly $1.07 million.
Risk Factors
- Continued open-market selling could pressure the stock price if the selling pattern persists.
- The reduction may signal reduced conviction or a shift in the family's capital allocation strategy.
- No new activist catalysts are disclosed—no near-term event to drive the stock.
- The fund's small float (2,021,875 shares) means even modest selling can move the price.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001398344-26-018038 |
| Document: 0001398344-26-018038-index.html | 0001398344-26-018038 |
| Document: 0001398344-26-018038.txt | 0001398344-26-018038 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | DEF 14A | $14.42 | awaiting T+60 | — | $14.42 (+0.00%) |
Oct 22, 2026 5d ago | SC 13D/A | $14.73 | awaiting T+60 | — | $14.42 (−2.10%) |
Oct 20, 2026 7d ago | SC 13G | $14.77 | awaiting T+60 | — | $14.42 (−2.37%) |
Oct 20, 2026 7d ago | SC TO-I/A | $14.77 | awaiting T+60 | — | $14.42 (−2.37%) |
Oct 19, 2026 8d ago | SC TO-I/A | $14.85 | awaiting T+60 | — | $14.42 (−2.90%) |
Oct 8, 2026 19d ago | SC 13D/A | $14.79 | awaiting T+60 | — | $14.42 (−2.50%) |
Oct 8, 2026 19d ago | SC 13D/A | $14.79 | awaiting T+60 | — | $14.42 (−2.50%) |
Mar 27, 2026 30w ago | Insider Cluster | $15.35 $16.84 | ▲ +9.72% | ▼ −6.35% | $14.42 (−6.05%) |
US Market Status
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