Q4 2025 · 13F-HR
Thomas J. Herzfeld Advisors, Inc.holdings as filed
Filed 2026-02-13 · accession 0001398344-26-003154
$295.6M
Reported value
107
Positions
2025-12-31
Period end
The Brief · Thomas J. Herzfeld Advisors, Inc. · Q4 2025
AI · grounded in 13F
Thomas J. Herzfeld Advisors, Inc. established a new position in FSSL valued at $28.9M. The fund also opened new stakes in BPRE for $12.8M and GOF for $11.9M. On the selling side, the fund closed its positions in PAAA and PFIX, reducing exposure by $10.5M and $9.2M respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 644323107 | FSSL | FS SPECIALTY LENDING FD | $29.0M | 9.81% | 2,050,866 | Common | SOLE |
| 69346N107 | PDX | PIMCO DYNAMIC INCOME STRATEG | $24.5M | 8.30% | 1,305,721 | Common | SOLE |
| 43010E404 | HFRO | HIGHLAND OPPS & INCOME FD | $14.7M | 4.97% | 2,457,285 | Common | SOLE |
| 880198205 | SABA | SABA CAPITAL INCOME & OPPORT | $13.1M | 4.44% | 1,590,092 | Common | SOLE |
| 42804T106 | HERZ | HERZFELD CREDIT INCOME FUND | $13.0M | 4.39% | 5,841,928 | Common | SOLE |
| 78518H202 | BRW | SABA CAPITAL INCOME & OPRNT | $12.9M | 4.35% | 1,834,714 | Common | SOLE |
| 09631P102 | BPRE | BLUEROCK PVT REAL ESTATE FD | $12.8M | 4.34% | 854,779 | Common | SOLE |
| 30290Y101 | FSCO | FS CREDIT OPPORTUNITIES CORP | $12.0M | 4.05% | 1,899,781 | Common | SOLE |
| 40167F101 | GOF | GUGGENHEIM STRATEGIC OPPORTU | $11.9M | 4.04% | 927,245 | Common | SOLE |
| 72203T100 | PAXS | PIMCO ACCESS INCOME FUND | $11.4M | 3.87% | 747,910 | Common | SOLE |
| 112830104 | RA | BROOKFIELD REAL ASSETS INCOM | $10.0M | 3.39% | 772,267 | Common | SOLE |
| G3156P103 | ASA | ASA GOLD AND PRECIOUS MTLS L | $8.0M | 2.71% | 134,342 | Common | SOLE |
| 101507101 | STEW | SRH TOTAL RETURN FUND INC | $7.1M | 2.40% | 382,005 | Common | SOLE |
| 67072T108 | JFR | NUVEEN FLOATING RATE INCOME | $6.9M | 2.32% | 876,956 | Common | SOLE |
| 26433C105 | DPG | DUFF & PHELPS UTLITY AND INF | $6.0M | 2.02% | 469,477 | Common | SOLE |
| 64133Q108 | NBXG | NEUBERGER NEXT GENERATION | $6.0M | 2.01% | 412,390 | Common | SOLE |
| 691543847 | OXLC | OXFORD LANE CAP CORP | $5.8M | 1.98% | 399,466 | Common | SOLE |
| 69355J104 | SDHY | PGIM SHORT DUR HIG YLD OPP F | $5.4M | 1.84% | 329,953 | Common | SOLE |
| 09260K101 | BSTZ | BLACKROCK SCIENCE & TECHNOLO | $4.9M | 1.65% | 215,176 | Common | SOLE |
| 69355M107 | PDO | PIMCO DYNAMIC INCOME OPRNTS | $4.8M | 1.62% | 345,432 | Common | SOLE |
| 885213108 | TBLD | THORNBURG INCM BUILDER OPP T | $4.7M | 1.58% | 231,757 | Common | SOLE |
| 874036106 | TWN | TAIWAN FD INC | $4.4M | 1.49% | 82,666 | Common | SOLE |
| 76883Y107 | RFMZ | RIVERNORTH FLEXIBLE MUNI INC | $4.0M | 1.37% | 319,486 | Common | SOLE |
| 09260Q108 | BTX | BLACKROCK TECH AND PRIVATE E | $3.6M | 1.21% | 543,195 | Common | SOLE |
| 269817102 | EIC | EAGLE POINT INCOME COMPANY I | $3.5M | 1.20% | 310,811 | Common | SOLE |
| 98400T106 | — | XAI OCTAGN FLT RAT & ALT INM | $3.1M | 1.04% | 638,082 | Common | SOLE |
| 03464A100 | FINS | ANGEL OAK FINL STRATEGIES IN | $2.9M | 0.97% | 216,513 | Common | SOLE |
| 67075F105 | XDIAX | NUVEEN DOW 30 DYNMC OVERWRT | $2.8M | 0.95% | 183,190 | Common | SOLE |
| 155123102 | CET | CENTRAL SECS CORP | $2.8M | 0.94% | 54,569 | Common | SOLE |
| 09257D102 | BGX | BLACKSTONE LONG SHORT CR INC | $2.7M | 0.92% | 233,050 | Common | SOLE |
| 72201Y101 | PDI | PIMCO DYNAMIC INCOME FD | $2.7M | 0.92% | 152,852 | Common | SOLE |
| 67073D102 | XJQCX | NUVEEN CR STRATEGIES INCOME | $2.7M | 0.90% | 531,122 | Common | SOLE |
| 92838X805 | NCV | VIRTUS CONVERTIBLE & INCOME | $2.6M | 0.89% | 174,319 | Common | SOLE |
| 19248C105 | LDP | COHEN & STEERS LTD DURATION | $2.6M | 0.89% | 124,038 | Common | SOLE |
| 61744H105 | MSD | MORGAN STANLEY EMKT DBT FD I | $2.4M | 0.81% | 322,893 | Common | SOLE |
| 09662E109 | DSM | BNY MELLON STRATEGIC MUN BD | $2.1M | 0.71% | 341,091 | Common | SOLE |
| 59318E102 | CMU | MFS HIGH YIELD MUN TR | $2.0M | 0.66% | 558,611 | Common | SOLE |
| 30151E806 | CEFS | EXCHANGE LISTED FDS TR | $1.9M | 0.65% | 84,021 | Common | SOLE |
| 72200N106 | XPCQX | PIMCO CALIF MUN INCOME FD | $1.9M | 0.65% | 221,201 | Common | SOLE |
| 59318B108 | CXH | MFS INVT GRADE MUN TR | $1.9M | 0.65% | 242,426 | Common | SOLE |
| 36242H104 | XGDVX | GABELLI DIVID & INCOME TR | $1.9M | 0.64% | 68,091 | Common | SOLE |
| 56064Q107 | MEGI | NYLI CBRE GBL INFR MEGTRNDS | $1.6M | 0.53% | 113,493 | Common | SOLE |
| 670735109 | JLS | NUVEEN MORTGAGE AND INCOME F | $1.5M | 0.50% | 80,720 | Common | SOLE |
| 56064K100 | MMD | NYLI MACKAY DEFINEDTERM MUNI | $1.4M | 0.49% | 97,226 | Common | SOLE |
| 95790B109 | DMO | WESTERN ASSET MTG DEFINED OP | $1.3M | 0.46% | 121,852 | Common | SOLE |
| 09257P105 | BTT | BLACKROCK MUN TARGET TERM TR | $1.1M | 0.38% | 49,685 | Common | SOLE |
| 92535C104 | CCIF | CARLYLE CREDIT INCOME FUND | $943,220 | 0.32% | 201,113 | Common | SOLE |
| 552738106 | MFM | MFS MUN INCOME TR | $746,489 | 0.25% | 137,475 | Common | SOLE |
| 72201B101 | PTY | PIMCO CORPORATE & INCOME OPP | $720,052 | 0.24% | 55,818 | Common | SOLE |
| 269808101 | ECC | EAGLE POINT CREDIT COMPANY I | $718,479 | 0.24% | 124,736 | Common | SOLE |
| 36465E101 | GNT | GAMCO NAT RES GOLD & INCOME | $673,920 | 0.23% | 90,459 | Common | SOLE |
| 59318D104 | CXE | MFS HIGH INCOME MUN TR | $616,775 | 0.21% | 166,696 | Common | SOLE |
| 05588W108 | LEO | BNY MELLON STRATEGIC MUNS IN | $599,525 | 0.20% | 94,265 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $554,041 | 0.19% | 1,398 | Common | SOLE |
| 09253T101 | XMVTX | BLACKROCK MUNIVEST FD II INC | $501,314 | 0.17% | 46,375 | Common | SOLE |
| 24610T108 | VFL | ABRDN NATL MUN INCOME FD | $368,785 | 0.12% | 35,909 | Common | SOLE |
| 31423P108 | FMN | FEDERATED HERMES PREM MUNI I | $330,267 | 0.11% | 29,727 | Common | SOLE |
| 64124P101 | NBH | NEUBERGER MUN FD INC | $327,362 | 0.11% | 32,348 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $265,949 | 0.09% | 390 | Common | SOLE |
| 09662W109 | DMB | BNY MELLON MUN BD INFRASTRUC | $258,298 | 0.09% | 23,503 | Common | SOLE |
| 46434V860 | TFLO | ISHARES TR | $225,506 | 0.08% | 4,469 | Common | SOLE |
| 19842X109 | STK | COLUMBIA SELIGM PREM TECH GR | $214,633 | 0.07% | 5,834 | Common | SOLE |
| 83617A108 | SPMC | SOUND POINT MERIDIAN CAP INC | $188,650 | 0.06% | 13,720 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $165,864 | 0.06% | 270 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $93,760 | 0.03% | 1,000 | Common | SOLE |
| 78467Y107 | MDY | SPDR S&P MIDCAP 400 ETF TR | $90,492 | 0.03% | 150 | Common | SOLE |
| 87261Y106 | TMC | TMC THE METALS COMPANY INC | $79,661 | 0.03% | 12,911 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $66,009 | 0.02% | 100 | Common | SOLE |
| 18469P209 | EMO | CLEARBRIDGE ENERGY MIDSTRM O | $45,364 | 0.02% | 1,016 | Common | SOLE |
| 46138W107 | FXY | INVESCO CURRENCYSHARES JAPAN | $35,202 | 0.01% | 600 | Common | SOLE |
| 33718W103 | FPF | FIRST TR INTER DURATN PFD & | $33,403 | 0.01% | 1,792 | Common | SOLE |
| 33848E106 | PFO | FLAHERTY & CRUMRINE PFD INCO | $31,610 | 0.01% | 3,345 | Common | SOLE |
| 034948109 | ANGX | ANGEL STUDIOS INC | $26,614 | 0.01% | 5,699 | Common | SOLE |
| 500634209 | KF | KOREA FD INC | $21,865 | 0.01% | 602 | Common | SOLE |
| 47109U104 | JOF | JAPAN SMALLER CAPITALIZATION | $20,509 | 0.01% | 1,851 | Common | SOLE |
| 298768102 | EEA | EUROPEAN EQUITY FD INC | $17,315 | 0.01% | 1,681 | Common | SOLE |
| 592834105 | MXE | MEXICO EQUITY & INCOME FD | $17,084 | 0.01% | 1,380 | Common | SOLE |
| 95766A101 | XEMDX | WESTERN ASSET EMERGING MKTS | $16,519 | 0.01% | 1,554 | Common | SOLE |
| 64107A113 | NPWR/WS | NET POWER INC | $16,386 | 0.01% | 32,771 | Common | SOLE |
| 88018T101 | TDF | TEMPLETON DRAGON FD INC | $15,944 | 0.01% | 1,416 | Common | SOLE |
| 592835102 | MXF | MEXICO FD INC | $15,508 | 0.01% | 770 | Common | SOLE |
| 00301W105 | AEF | ABRDN EMERGING MARKETS EX CH | $14,868 | 0.01% | 2,124 | Common | SOLE |
| 670750108 | NMAI | NUVEEN MULTI ASSET INCOME FU | $14,292 | 0.00% | 1,096 | Common | SOLE |
| 612160119 | AIRJW | AIRJOULE TECHNOLOGIES CORP | $13,011 | 0.00% | 15,307 | Common | SOLE |
| 74347W130 | SVXY | PROSHARES TR II | $12,184 | 0.00% | 220 | Common | SOLE |
| 880191101 | EMF | TEMPLETON EMERGING MKTS FD | $11,240 | 0.00% | 660 | Common | SOLE |
| 86164T107 | EDF | VIRTUS STONE HBR EMRG MKTS I | $10,198 | 0.00% | 2,052 | Common | SOLE |
| 74255X104 | PGZ | PRINCIPAL REAL ESTATE INCOME | $9,930 | 0.00% | 992 | Common | SOLE |
| 872340104 | TSI | TCW STRATEGIC INCOME FD INC | $9,880 | 0.00% | 2,000 | Common | SOLE |
| 61745C105 | IIF | MORGAN STANLEY INDIA INVT FD | $9,767 | 0.00% | 391 | Common | SOLE |
| 21924B302 | CLM | CORNERSTONE STRATEGIC INVEST | $8,860 | 0.00% | 1,060 | Common | SOLE |
| 644465106 | GF | NEW GERMANY FD INC | $7,874 | 0.00% | 689 | Common | SOLE |
| 368802104 | GAM | GENERAL AMERN INVS CO INC | $7,294 | 0.00% | 124 | Common | SOLE |
| 006212104 | ADX | ADAMS DIVERSIFIED EQUITY FD | $7,171 | 0.00% | 308 | Common | SOLE |
| 09251A104 | BDJ | BLACKROCK ENHANCED EQUITY DI | $6,632 | 0.00% | 700 | Common | SOLE |
| 362397101 | GAB | GABELLI EQUITY TR INC | $6,599 | 0.00% | 1,070 | Common | SOLE |
| 617477104 | EDD | MORGAN STANLEY EMERGING MKTS | $6,435 | 0.00% | 1,185 | Common | SOLE |
| 780910105 | RVT | ROYCE SMALL CAP TRUST INC | $6,358 | 0.00% | 395 | Common | SOLE |
| 895436103 | TY | TRI CONTL CORP | $6,328 | 0.00% | 194 | Common | SOLE |
| 670699107 | QQQX | NUVEEN NASDAQ 100 DYNAMIC OV | $6,300 | 0.00% | 221 | Common | SOLE |
| 67090X107 | JCE | NUVEEN CORE EQUITY ALPHA FD | $6,270 | 0.00% | 393 | Common | SOLE |
| 00326L100 | XAODX | ABRDN TOTAL DYNAMIC DIVIDEND | $5,753 | 0.00% | 590 | Common | SOLE |
| 529900102 | ASG | LIBERTY ALL-STAR GROWTH FD I | $5,708 | 0.00% | 1,077 | Common | SOLE |
| 530158104 | USA | LIBERTY ALL STAR EQUITY FD | $5,170 | 0.00% | 823 | Common | SOLE |
| 74623V111 | PCTTW | PURECYCLE TECHNOLOGIES INC | $4,202 | 0.00% | 5,457 | Common | SOLE |
| 92835W107 | ZTR | VIRTUS TOTAL RETURN FD INC | $2,819 | 0.00% | 447 | Common | SOLE |
| 65340G205 | NXDT | NEXPOINT DIVERSIFIED REL ET | $1,057 | 0.00% | 276 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.