A new 5.49% passive stake by CSS LLC/IL is a routine disclosure with no immediate catalyst. Monitor for any future amendment converting to Schedule 13D, which would signal activist intent.
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Executive Summary
CSS LLC/IL filed a Schedule 13G disclosing a 5.49% passive stake in Herzfeld Credit Income Fund, Inc as of October 7, 2026. The filing indicates no intent to influence management, consistent with a routine passive investment by an Illinois-based limited liability company.
Key Financial Metrics
Key Facts
- CSS LLC/IL disclosed beneficial ownership of 110,800 shares of Herzfeld Credit Income Fund common stock.
- The stake represents 5.49% of shares outstanding.
- The filing is a new Schedule 13G (not an amendment), indicating a new 5%+ position.
- The investor certifies the shares were not acquired with the purpose of changing or influencing control.
- Filing date: October 20, 2026; event date: October 7, 2026.
Financial Impact
Passive 5.49% stake; no dollar value disclosed in the filing.
Risk Factors
- CSS LLC/IL could later convert to a 13D filer, signaling activist intent.
- No information on CSS LLC/IL's investment strategy or track record is provided in the filing.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001103646-26-000014 |
| Document: 0001103646-26-000014-index.html | 0001103646-26-000014 |
| Document: 0001103646-26-000014.txt | 0001103646-26-000014 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | DEF 14A | $14.42 | awaiting T+60 | — | $13.83 (−4.09%) |
Oct 22, 2026 5d ago | SC 13D/A | $14.73 | awaiting T+60 | — | $13.83 (−6.11%) |
Oct 20, 2026 7d ago | SC 13G | $14.77 | awaiting T+60 | — | $13.83 (−6.36%) |
Oct 20, 2026 7d ago | SC TO-I/A | $14.77 | awaiting T+60 | — | $13.83 (−6.36%) |
Oct 19, 2026 8d ago | SC TO-I/A | $14.85 | awaiting T+60 | — | $13.83 (−6.87%) |
Oct 8, 2026 19d ago | SC 13D/A | $14.79 | awaiting T+60 | — | $13.83 (−6.49%) |
Oct 8, 2026 19d ago | SC 13D/A | $14.79 | awaiting T+60 | — | $13.83 (−6.49%) |
Mar 27, 2026 30w ago | Insider Cluster | $15.35 $16.84 | ▲ +9.72% | ▼ −6.35% | $13.83 (−9.89%) |
US Market Status
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