Thomas J. Herzfeld Advisors, Inc.
CIK 0001509510
Annualised vol
1.673677%
Beta
0.021383
HHI
353.9198
Top-10 weight
49.787637%
VaR 95%
0.09501%
VaR 99%
0.276826%
Max drawdown
4.412886%
Matched value
47.979022%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| FSSL | ADDED | 2,900,663 | 2,808,727 | 3.27% | 32,342,392 |
| PDX | REDUCED | 1,095,075 | 1,253,348 | -12.63% | 22,799,462 |
| FSCO | ADDED | 3,921,573 | 3,679,935 | 6.57% | 19,568,649 |
| HERZ | ADDED | 817,534 | 807,215 | 1.28% | 14,061,577 |
| PSUS | NEW | 285,421 | - | - | 10,669,037 |
| JFR | ADDED | 1,111,921 | 713,294 | 55.89% | 8,528,434 |
| STK | ADDED | 129,150 | 66,224 | 95.02% | 6,957,311 |
| DPG | REDUCED | 360,644 | 391,497 | -7.88% | 5,351,957 |
| PAXS | REDUCED | 311,965 | 439,995 | -29.1% | 4,539,090 |
| BPRE | REDUCED | 303,336 | 362,504 | -16.32% | 3,946,401 |
| BGR | ADDED | 238,075 | 181,116 | 31.45% | 3,528,272 |
| ASA | REDUCED | 66,761 | 125,885 | -46.97% | 3,474,242 |
| NCZ | NEW | 205,874 | - | - | 3,273,397 |
| NCV | NEW | 185,909 | - | - | 3,270,139 |
| LDP | ADDED | 137,739 | 103,791 | 32.71% | 2,914,557 |
| BTZ | NEW | 245,318 | - | - | 2,507,150 |
| GAM | REDUCED | 31,935 | 32,661 | -2.22% | 2,035,869 |
| PNI | ADDED | 231,370 | 75,124 | 207.98% | 1,640,413 |
| BTT | ADDED | 56,610 | 49,066 | 15.38% | 1,287,878 |
| JLS | REDUCED | 44,897 | 72,639 | -38.19% | 784,710 |
| NBH | NEW | 71,978 | - | - | 759,368 |
| CCIF | ADDED | 263,404 | 126,239 | 108.66% | 734,897 |
| CET | REDUCED | 10,787 | 36,505 | -70.45% | 565,768 |
| RMMZ | NEW | 15,802 | - | - | 237,662 |
| DXYZ | REDUCED | 6,588 | 82,806 | -92.04% | 169,707 |
| NFLX | UNCHANGED | 1,000 | 1,000 | 0.0% | 71,400 |
| TMC | UNCHANGED | 12,911 | 12,911 | 0.0% | 57,196 |
| META | UNCHANGED | 100 | 100 | 0.0% | 56,329 |
| EMF | ADDED | 649 | 429 | 51.28% | 15,070 |
| KRSP | ADDED | 14,946 | 4,858 | 207.66% | 14,797 |
| TSI | UNCHANGED | 3,258 | 3,258 | 0.0% | 14,694 |
| SPKL | NEW | 6,000 | - | - | 14,250 |
| NPWR | UNCHANGED | 32,771 | 32,771 | 0.0% | 9,504 |
| PGZ | ADDED | 908 | 907 | 0.11% | 9,343 |
| JOF | REDUCED | 783 | 1,150 | -31.91% | 9,224 |
| ADX | ADDED | 320 | 314 | 1.91% | 8,169 |
| RVT | ADDED | 409 | 402 | 1.74% | 7,557 |
| BDJ | ADDED | 728 | 714 | 1.96% | 6,966 |
| QQQX | ADDED | 230 | 225 | 2.22% | 6,941 |
| TY | ADDED | 200 | 195 | 2.56% | 6,887 |
| STEW | REDUCED | 380 | 107,778 | -99.65% | 6,802 |
| JCE | ADDED | 402 | 393 | 2.29% | 6,582 |
| GAB | ADDED | 1,127 | 1,098 | 2.64% | 6,380 |
| ASG | ADDED | 1,151 | 1,127 | 2.13% | 6,295 |
| USA | ADDED | 894 | 871 | 2.64% | 5,195 |
| TONT | NEW | 10,000 | - | - | 3,800 |
| VACI | NEW | 4,000 | - | - | 3,600 |
| ZTR | ADDED | 468 | 457 | 2.41% | 3,196 |
| ANGX | CLOSED OUT | 0 | 5,699 | -100.0% | 0 |
| PCT | CLOSED OUT | 0 | 5,457 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| FSSL | ADDED | FS Specialty Lending Fund | COM SH BEN INT | 644323107 | 32,342,392 | 9.93 | 2900663.0 |
| PDX | REDUCED | PIMCO Dynamic Income Strategy Fund | COM SH BEN INT | 69346N107 | 22,799,462 | 7.0 | 1095075.0 |
| FSCO | ADDED | FS Credit Opportunities Corp | COM | 30290Y101 | 19,568,649 | 6.01 | 3921573.0 |
| - | Highland Floating Rate Opportunities Fund | SHS BEN INT | 43010E404 | 19,083,259 | 5.86 | 2676474.0 | |
| - | Guggenheim Strategic Opp Fund | COM SBI | 40167F101 | 14,596,546 | 4.48 | 1336680.0 | |
| HERZ | ADDED | Herzfeld Credit Income Fund, Inc. | COM | 42804T205 | 14,061,577 | 4.32 | 817534.0 |
| PSUS | NEW | Pershing Square USA Ltd | COM SHS | 71531T105 | 10,669,037 | 3.28 | 285421.0 |
| - | Saba Capital Income & Opport | SHS NEW | 78518H202 | 10,148,640 | 3.12 | 1544694.0 | |
| - | Suro Capital Corp | COM | 86887Q109 | 9,886,574 | 3.03 | 788403.0 | |
| - | Eagle Pointe Income Company | COM | 269817102 | 9,034,200 | 2.77 | 897140.0 | |
| JFR | ADDED | Nuveen Floating Rate Income | COM | 67072T108 | 8,528,434 | 2.62 | 1111921.0 |
| - | Saba Capital Income & Opport II | COM | 880198205 | 7,444,885 | 2.29 | 891603.0 | |
| STK | ADDED | Columbia Seligman Premium Technology Growth Fund | COM | 19842X109 | 6,957,311 | 2.14 | 129150.0 |
| - | PIMCO Dynamic Income Fd | SHS | 72201Y101 | 6,491,741 | 1.99 | 388727.0 | |
| DPG | REDUCED | Duff & Phelps Utility and Infrastructure Fund Inc. | COM | 26433C105 | 5,351,957 | 1.64 | 360644.0 |
| - | BlackRock Science and Technology Trust II | SHS BEN INT | 09260K101 | 4,985,971 | 1.53 | 166033.0 | |
| - | Brookfield Real Assets Incom | SHS BEN INT | 112830104 | 4,753,815 | 1.46 | 369085.0 | |
| - | BlackRock Tech and Private Eq | Shs Ben Int | 09260Q108 | 4,654,080 | 1.43 | 515402.0 | |
| - | The Taiwan Fund Inc | COM | 874036106 | 4,569,998 | 1.4 | 47520.0 | |
| PAXS | REDUCED | PIMCO Access Income Fund | SHS BENFIN INT | 72203T100 | 4,539,090 | 1.39 | 311965.0 |
| - | Tortoise Energy Infra Corp | COM | 89147L886 | 4,298,789 | 1.32 | 100275.0 | |
| BPRE | REDUCED | Bluerock Private Real Estate Fund | COM | 09631P102 | 3,946,401 | 1.21 | 303336.0 |
| - | Kayne Anderson Energy Infrst | COM | 486606106 | 3,818,422 | 1.17 | 276097.0 | |
| - | The Korea Fund Inc | COM NEW | 500634209 | 3,748,015 | 1.15 | 49834.0 | |
| - | Clearbridge Energy Midstrm O | COM | 18469P209 | 3,663,813 | 1.12 | 73130.0 | |
| - | Neuberger Berman MLP Income Fund Inc | COM | 64129H104 | 3,577,027 | 1.1 | 352764.0 | |
| BGR | ADDED | BlackRock Energy and Resources Trust | COM | 09250U101 | 3,528,272 | 1.08 | 238075.0 |
| - | XAI Octagn Flt Rat & Alt Inm | COM | 98400T304 | 3,486,974 | 1.07 | 198688.0 | |
| ASA | REDUCED | ASA Gold and Precious Metals Ltd | SHS | G3156P103 | 3,474,242 | 1.07 | 66761.0 |
| - | NXG NextGen Intrastruacture Inc Fund | COM | 231647207 | 3,448,849 | 1.06 | 53297.0 | |
| - | Calamos Conv & High Income Fund | COM SHS | 12811P108 | 3,345,590 | 1.03 | 245638.0 | |
| - | Rivernorth Flexible Mun Income Fund II, Inc. | COM | 76883Y107 | 3,320,827 | 1.02 | 243641.0 | |
| NCZ | NEW | Virtus Convertible & Income Fund II | COM | 92838U801 | 3,273,397 | 1.0 | 205874.0 |
| NCV | NEW | Virtus Convertible & Income Fund | COM | 92838X805 | 3,270,139 | 1.0 | 185909.0 |
| - | PIMCO Corporate & Income Opp Fund | COM | 72201B101 | 3,037,960 | 0.93 | 252532.0 | |
| LDP | ADDED | Cohen & Steers Limited Duration Preferred and Income Fund, Inc. | COM | 19248C105 | 2,914,557 | 0.89 | 137739.0 |
| - | Angel Oak Final Strategies Incm Trm Trst | COM BEN INT | 03464A100 | 2,846,592 | 0.87 | 222390.0 | |
| - | BlackRock Res & Commodities Strat Trust | SHS | 09257A108 | 2,698,815 | 0.83 | 238622.0 | |
| - | PGIM Global Short Duration High Yield Fund, Inc. | COM | 69346J106 | 2,605,505 | 0.8 | 215331.0 | |
| BTZ | NEW | BlackRock Credit Allocation Income Trust | COM | 092508100 | 2,507,150 | 0.77 | 245318.0 |
| - | PGIM Short Dur Hig yld Opp F | COM | 69355J104 | 2,264,574 | 0.7 | 138168.0 | |
| GAM | REDUCED | General American Investors Co Inc | COM | 368802104 | 2,035,869 | 0.62 | 31935.0 |
| - | NYLI CBRE Gbl Infr Megtrnds | COM | 56064Q107 | 1,970,543 | 0.6 | 129641.0 | |
| - | MFS Municipal Income Trust | SH BEN INT | 552738106 | 1,941,311 | 0.6 | 345429.0 | |
| - | Blackstone / GSO Long-Short Credit Income Fund | COM SHS BN INT | 09257D102 | 1,926,902 | 0.59 | 177105.0 | |
| - | Ares Dynamic Cr Allocation Fund | COM | 04014F102 | 1,902,368 | 0.58 | 150623.0 | |
| - | Thornburg Incm Builder Opp Tr | COM | 885213108 | 1,776,172 | 0.55 | 80479.0 | |
| - | PIMCO Calif Mun Income Fund | COM | 72200N106 | 1,663,659 | 0.51 | 185469.0 | |
| PNI | ADDED | Pimco New York Municipal Income Fund II | COM | 72200Y102 | 1,640,413 | 0.5 | 231370.0 |
| - | Exchange Listed FDS Tr | SABA INT RATE | 30151E806 | 1,591,039 | 0.49 | 62053.0 | |
| BTT | ADDED | BlackRock Municipal 2030 Target Term Trust | COM SHS BEN IN | 09257P105 | 1,287,878 | 0.4 | 56610.0 |
| - | Blackstone Strategic Cred 20 | COM SHS BEN IN | 09257R101 | 1,273,115 | 0.39 | 112665.0 | |
| - | BNY Mellon Strategic Mun Bd | COM | 09662E109 | 1,204,797 | 0.37 | 195902.0 | |
| - | Rivernorth Flexible Mun Income | COM | 76883H104 | 1,172,660 | 0.36 | 79341.0 | |
| - | BlackRock MuniHoldings Fd In | COM | 09253N104 | 1,030,278 | 0.32 | 86578.0 | |
| - | NYLI MacKay Defined Term Muni | COM | 56064K100 | 940,664 | 0.29 | 60688.0 | |
| - | PIMCO Dynamic Income Oprnts | COM Ben Shs | 69355M107 | 882,448 | 0.27 | 66751.0 | |
| JLS | REDUCED | Nuveen Mortgage and Income Fund | COM | 670735109 | 784,710 | 0.24 | 44897.0 |
| - | Federated Hermes Prem Muni I | COM | 31423P108 | 760,052 | 0.23 | 66149.0 | |
| NBH | NEW | Neuberger Municipal Fund Inc. | COM | 64124P101 | 759,368 | 0.23 | 71978.0 |
| - | DTF Tax-Free Income Inc | COM | 23334J107 | 753,730 | 0.23 | 65258.0 | |
| - | Putnam Mun Opportunities Tr | SH BEN INT | 746922103 | 745,178 | 0.23 | 70700.0 | |
| CCIF | ADDED | Carlyle Credit Income Fund | SHS BEN INT | 92535C104 | 734,897 | 0.23 | 263404.0 |
| - | Western Asset Mortgage Opp Fund Inc. | COM | 95790B109 | 671,056 | 0.21 | 62657.0 | |
| - | Western Asset Managed Muns Fd | COM | 95766M105 | 662,785 | 0.2 | 63607.0 | |
| - | Putnam Managed Mun Income Tr | COM | 746823103 | 588,018 | 0.18 | 89911.0 | |
| CET | REDUCED | Central Securities Corp | COM | 155123102 | 565,768 | 0.17 | 10787.0 |
| - | PIMCO Mun Income Fd II | COM | 72200W106 | 559,282 | 0.17 | 73493.0 | |
| - | SPDR Gold Tr | GOLD SHS | 78463V107 | 514,995 | 0.16 | 1398.0 | |
| - | AllianceBernstein Natl Mun I | COM | 01864U106 | 376,701 | 0.12 | 33015.0 | |
| - | BNY Mellon Strategic Muns In | COM | 05588W108 | 376,508 | 0.12 | 58283.0 | |
| - | Western Assest Intm Muni Fd | COM | 958435109 | 374,935 | 0.12 | 47641.0 | |
| - | Sprott Physical Gold and Silver Trust | TR UNIT | 85208R101 | 321,840 | 0.1 | 8000.0 | |
| - | SPDR S&P 500 ETF Tr | TR UNIT | 78462F103 | 291,240 | 0.09 | 390.0 | |
| - | Eaton Vance Mun Bd Fd | COM | 27827X101 | 238,094 | 0.07 | 23905.0 | |
| RMMZ | NEW | RiverNorth Managed Duration Municipal Income Fund II, Inc | COM | 76882M104 | 237,662 | 0.07 | 15802.0 |
| - | iShares Tr | TRS FLT RT BD | 46434V860 | 226,265 | 0.07 | 4469.0 | |
| - | Invesco QQQ Tr | UNIT SER 1 | 46090E103 | 198,828 | 0.06 | 270.0 | |
| - | Aberdeen Life Sciences Investor | SH BEN INT | 87911K100 | 183,912 | 0.06 | 9191.0 | |
| DXYZ | REDUCED | Destiny Tech100 Inc | COM SHS | 25063F107 | 169,707 | 0.05 | 6588.0 |
| - | SPDR S&P MidCap 400 ETF Tr | UTSER1 S&PDCRP | 78467Y107 | 105,501 | 0.03 | 150.0 | |
| NFLX | UNCHANGED | Netflix, Inc. | COM | 64110L106 | 71,400 | 0.02 | 1000.0 |
| TMC | UNCHANGED | TMC The Metals Company Inc | COM | 87261Y106 | 57,196 | 0.02 | 12911.0 |
| META | UNCHANGED | Meta Platforms Inc | CL A | 30303M102 | 56,329 | 0.02 | 100.0 |
| - | Western Asset/Claymore Inflation-Linked Opportunities & Income Fund | COM | 95766R104 | 54,986 | 0.02 | 6546.0 | |
| - | Barings Corporate Invs | COM | 06759X107 | 36,542 | 0.01 | 2081.0 | |
| - | First Tr Inter Dur Pfd & In | COM | 33718W103 | 36,067 | 0.01 | 1985.0 | |
| - | Flaherty & Crumrine Pfd Inco | COM | 33848E106 | 33,994 | 0.01 | 3679.0 | |
| - | Investco CurrencyShares Japan | Japanese Yen | 46138W107 | 33,864 | 0.01 | 600.0 | |
| - | PIMCO Global StocksPLS Inc. | COM | 722011103 | 27,101 | 0.01 | 3144.0 | |
| - | Montana Technologies Corp | *W Exp 03/15/202 | 612160119 | 19,899 | 0.01 | 15307.0 | |
| - | Aberdeen Emerging Markets Equity Inc. | COM | 00301W105 | 19,642 | 0.01 | 2046.0 | |
| - | Templeton Dragon Fd Inc. | COM | 88018T101 | 16,694 | 0.01 | 1533.0 | |
| EMF | ADDED | Templeton Emerging Markets Fund | COM | 880191101 | 15,070 | 0.0 | 649.0 |
| KRSP | ADDED | Rice Acquisition Corp 3 | *W EXP 99/99/999 | G7553X114 | 14,797 | 0.0 | 14946.0 |
| TSI | UNCHANGED | TCW Strategic Income Fund Inc | COM | 872340104 | 14,694 | 0.0 | 3258.0 |
| - | Morgan Stanley China A Sh Fd | COM | 617468103 | 14,391 | 0.0 | 684.0 | |
| - | Nuveen Mutli Asset Income Fund | COM | 670750108 | 14,354 | 0.0 | 1013.0 | |
| - | Mexico Equity & Income Fd | COM | 592834105 | 14,346 | 0.0 | 1103.0 | |
| SPKL | NEW | Spark I Acquisition Corp | ORD SHS | G8316B118 | 14,250 | 0.0 | 6000.0 |
| - | The Mexico Fund, Inc. | COM | 592835102 | 13,122 | 0.0 | 600.0 | |
| - | ProShares Short VIX Short-Term Futures ETF | SHT VIX ST TRM | 74347W130 | 12,597 | 0.0 | 220.0 | |
| - | Archimedes Tech SPAC Partner | ORD SHS | G04537125 | 10,950 | 0.0 | 5000.0 | |
| - | The European Equity Fund Inc | COM | 298768102 | 10,919 | 0.0 | 993.0 | |
| - | Morgan Stanley Emerging Mkt Debt Fund Inc. | COM | 61744H105 | 10,308 | 0.0 | 1412.0 | |
| NPWR | UNCHANGED | Net Power Inc. | W EXP 06/08/202 | 64107A113 | 9,504 | 0.0 | 32771.0 |
| PGZ | ADDED | Principal Real Estate Income Fund | SHS BEN INT | 74255X104 | 9,343 | 0.0 | 908.0 |
| JOF | REDUCED | Japan Smaller Capitalization Fund Inc | COM | 47109U104 | 9,224 | 0.0 | 783.0 |
| - | Cornerstone Strategic Value Fund Inc | COM | 21924B302 | 8,970 | 0.0 | 1187.0 | |
| - | Central and Eastern European Fund Inc | COM | 153436100 | 8,795 | 0.0 | 428.0 | |
| - | Aberdeen Std Global Infrastructure | SHS BEN INT | 00326W106 | 8,626 | 0.0 | 371.0 | |
| ADX | ADDED | Adams Diversified Equity Fund Inc | COM | 006212104 | 8,169 | 0.0 | 320.0 |
| RVT | ADDED | Royce Small-Cap Trust Inc. | COM | 780910105 | 7,557 | 0.0 | 409.0 |
| - | The Gabelli Dividend & Income Trust | COM | 36242H104 | 7,288 | 0.0 | 248.0 | |
| - | GAMCO Global Gold Nat Res | COM SH BEN INT | 36465A109 | 7,241 | 0.0 | 1496.0 | |
| BDJ | ADDED | BlackRock Enhanced Equity Dividend Trust | COM | 09251A104 | 6,966 | 0.0 | 728.0 |
| QQQX | ADDED | Nuveen NASDAQ 100 Dynamic Overwrite Fund | COM SHS | 670699107 | 6,941 | 0.0 | 230.0 |
| TY | ADDED | Tri-Continental Corp | COM | 895436103 | 6,887 | 0.0 | 200.0 |
| STEW | REDUCED | SRH Total Return Fund Inc | COM | 101507101 | 6,802 | 0.0 | 380.0 |
| JCE | ADDED | Nuveen Core Equity Alpha Fund | COM | 67090X107 | 6,582 | 0.0 | 402.0 |
| GAB | ADDED | Gabelli Equity Trust Inc | COM | 362397101 | 6,380 | 0.0 | 1127.0 |
| ASG | ADDED | Liberty All Star Growth Fund Inc | COM | 529900102 | 6,295 | 0.0 | 1151.0 |
| USA | ADDED | Liberty All Star Equity Fund | SH BEN INT | 530158104 | 5,195 | 0.0 | 894.0 |
| - | Morgan Stanley Emerging Mkts | COM | 617477104 | 4,345 | 0.0 | 739.0 | |
| TONT | NEW | Graf Global Corp | ORD SHS CL A | G4036C114 | 3,800 | 0.0 | 10000.0 |
| VACI | NEW | Viking Acquisition Corp I | ORD CL A | G9582G112 | 3,600 | 0.0 | 4000.0 |
| ZTR | ADDED | Virtus Total Return Fund Inc. | COM | 92835W107 | 3,196 | 0.0 | 468.0 |
| - | Space Exploration Techn Corp | CLASS A COM STK | 84615Q103 | 2,905 | 0.0 | 17.0 | |
| - | Nexpoint Diversified Rel Et | COM | 65340G205 | 1,479 | 0.0 | 285.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-10 | 325,764,278 | 129 | 1.673677 | 0.021383 | 4.412886 |
| 2026-03-31 | 2026-05-12 | 294,049,993 | 115 | 2.061279 | 0.024392 | 5.134295 |
| 2025-12-31 | 2026-02-13 | 295,604,740 | 107 | 0.775115 | 0.010769 | 1.547462 |
| 2025-09-30 | 2025-11-12 | 291,714,271 | 104 | 2.346795 | 0.02628 | 6.320748 |
| 2025-03-31 | 2025-05-14 | 293,973,769 | 128 | 2.553713 | 0.061431 | 7.662094 |
| 2024-12-31 | 2025-02-12 | 312,062,646 | 147 | 3.194889 | 0.090742 | 8.084754 |