13F HOLDINGS REPORT
Thomas J. Herzfeld Advisors, Inc.
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0001398344-25-015319
Total Value
$280.4M
Positions
108
Other Managers
0
Confidential Omitted
No
Holdings (108)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PIMCO Dynamic Income Strategy Fund | PDX | 1,585,816 | $39.1M | 13.94% |
| 2 | FS Credit Opportunities Corp | FSCO | 3,223,806 | $23.4M | 8.35% |
| 3 | The Herzfeld Caribbean Basin Fund Inc | HERZ | 6,501,517 | $16.4M | 5.86% |
| 4 | Saba Capital Income & Opport | BRW | 1,750,772 | $16.1M | 5.74% |
| 5 | Highland Floating Rate Opportunities Fund | HFRO-PB | 2,600,109 | $13.5M | 4.82% |
| 6 | Nuveen Floating Rate Income | 67072T108 | 1,331,047 | $11.3M | 4.02% |
| 7 | Brookfield Real Assets Incom | RA | 720,534 | $9.6M | 3.44% |
| 8 | ProShares TR | 74347R131 | 573,034 | $8.9M | 3.19% |
| 9 | Cornerstone Strategic Value Fund Inc | CLM | 1,074,966 | $8.7M | 3.11% |
| 10 | ProShares UltraShort S&P50 | 74347G416 | 412,904 | $6.9M | 2.45% |
| 11 | PIMCO Access Income Fund | PAXS | 435,309 | $6.6M | 2.35% |
| 12 | Flaherty & Crumrine Pfd Secs | 338478100 | 386,181 | $6.3M | 2.24% |
| 13 | Nuveen Vriabl Rat Pfd & Inm | NU | 307,485 | $5.9M | 2.11% |
| 14 | SRH Total Return Fund Inc | STEW | 325,726 | $5.8M | 2.05% |
| 15 | iShares Tr | 46434V860 | 108,689 | $5.5M | 1.96% |
| 16 | Neuberger Brman Next Genera | NBXG | 314,974 | $4.6M | 1.64% |
| 17 | Tortoise Energy Infra Corp | TYG | 100,229 | $4.4M | 1.57% |
| 18 | Cohen & Steers Limited Duration Preferred and Income Fund, Inc. | 19248C105 | 200,918 | $4.2M | 1.50% |
| 19 | Thornburg Incm Builder Opp Tr | 885213108 | 214,693 | $4.2M | 1.50% |
| 20 | Duff & Phelps Utility and Infrastructure Fund Inc. | 26433C105 | 318,277 | $3.9M | 1.41% |
| 21 | Rivernorth Flexible Mun Income Fund II, Inc. | 76883Y107 | 303,069 | $3.8M | 1.37% |
| 22 | BlackRock Science and Technology Trust II | BLK | 181,310 | $3.8M | 1.34% |
| 23 | Kayne Anderson Energy Infrst | 486606106 | 292,877 | $3.7M | 1.33% |
| 24 | Nuveen Credit Strategies Income Fund | NU | 676,389 | $3.6M | 1.30% |
| 25 | Saba Capital Income & Opport | 78518H202 | 446,455 | $3.6M | 1.28% |
| 26 | Clearbridge Energy Midstrm O | 18469P209 | 73,828 | $3.5M | 1.26% |
| 27 | Nuveen Dow 30 Dynamic Overwrite Fund | NU | 244,209 | $3.5M | 1.25% |
| 28 | Destra Multi-Alternative Fd | 25065A502 | 385,907 | $3.4M | 1.20% |
| 29 | PGIM Short Dur Hig yld Opp F | 69355J104 | 173,562 | $2.9M | 1.04% |
| 30 | The Taiwan Fund Inc | 874036106 | 63,101 | $2.8M | 1.01% |
| 31 | Angel Oak Final Strategies Incm Trm Trst | 03464A100 | 203,446 | $2.6M | 0.94% |
| 32 | Central Securities Corp | 155123102 | 52,665 | $2.5M | 0.90% |
| 33 | Ecofin Sustainable and Social Impact Term Fund | 27901F109 | 195,307 | $2.4M | 0.85% |
| 34 | PIMCO Income Strategy FdII | 72201J104 | 308,727 | $2.3M | 0.81% |
| 35 | MFS Municipal Income Trust | 552738106 | 430,567 | $2.2M | 0.79% |
| 36 | Suro Capital Corp | SSSSL | 264,336 | $2.2M | 0.77% |
| 37 | BNY Mellon Strategic Mun Bd | 09662E109 | 366,054 | $2.0M | 0.73% |
| 38 | Exchange Listed FDS Tr | 30151E806 | 87,700 | $2.0M | 0.70% |
| 39 | MFS Investment Grade Municipal Trust | 59318B108 | 241,702 | $1.8M | 0.66% |
| 40 | MFS High Yield Municipal Trust | 59318E102 | 550,525 | $1.8M | 0.65% |
| 41 | Nuveen Mortgage and Income Fund | NU | 97,391 | $1.8M | 0.65% |
| 42 | PIMCO Calif Mun Income Fd II | 72200M108 | 322,989 | $1.7M | 0.62% |
| 43 | Western Asset Mortgage Opp Fund Inc. | 95790B109 | 139,971 | $1.7M | 0.60% |
| 44 | NYLI MacKay Defined Term Muni | MMD | 96,544 | $1.4M | 0.51% |
| 45 | Abrdn Income Credit Strategies Fund | ACP-PA | 196,259 | $1.2M | 0.41% |
| 46 | Sound Point Meridian Cap Inc. | SPME | 62,921 | $1.1M | 0.40% |
| 47 | BlackRock Munihldngs Cali QL | BLK | 94,734 | $980,497 | 0.35% |
| 48 | BlackRock MuniIvest FD II Inc. | BLK | 92,462 | $954,208 | 0.34% |
| 49 | BlackRock Municipal 2030 Target Term Trust | BLK | 36,048 | $789,091 | 0.28% |
| 50 | Nuveen Amt- Free Mun Value Fd | NU | 51,476 | $704,192 | 0.25% |
| 51 | Norwegian Cruise Line Holdings Ltd | NCLH | 30,000 | $608,400 | 0.22% |
| 52 | BNY Mellon Strategic Muns In | 05588W108 | 87,795 | $519,746 | 0.19% |
| 53 | MFS High Income Mun Tr | 59318D104 | 121,587 | $435,281 | 0.16% |
| 54 | SPDR Gold Tr | GLD | 1,398 | $426,152 | 0.15% |
| 55 | Delaware Invts Natl Mun Inco | 24610T108 | 40,029 | $386,680 | 0.14% |
| 56 | ASA Gold and Precious Metals Ltd | G3156P103 | 11,615 | $366,686 | 0.13% |
| 57 | Eagle Pointe Income Company | EICC | 23,784 | $325,127 | 0.12% |
| 58 | Pimco New York Municipal Income Fund II | 72200Y102 | 48,376 | $325,087 | 0.12% |
| 59 | PIMCO NY Municipal Income Fd | 72200T103 | 45,917 | $320,960 | 0.11% |
| 60 | PIMCO New York Mun Income Fund | 72201E105 | 60,500 | $317,020 | 0.11% |
| 61 | SPDR S&P 500 ETF Tr | SPY | 390 | $240,962 | 0.09% |
| 62 | BNY Mellon Municipal Bond Infrastructure Fund, Inc. | 09662W109 | 23,321 | $238,341 | 0.08% |
| 63 | NYLI CBRE Gbl Infr Megtrnds | 56064Q107 | 14,304 | $203,260 | 0.07% |
| 64 | ProShares TR | 74349Y829 | 7,488 | $189,596 | 0.07% |
| 65 | Invesco QQQ Tr | IVZ | 270 | $148,943 | 0.05% |
| 66 | Netflix, Inc. | NFLX | 100 | $133,913 | 0.05% |
| 67 | Columbia Seligman Premium Technology Growth Fund | 19842X109 | 3,448 | $104,854 | 0.04% |
| 68 | TMC The Metals Company Inc | TMCWW | 12,911 | $85,213 | 0.03% |
| 69 | SPDR S&P MidCap 400 ETF Tr | MDY | 150 | $84,972 | 0.03% |
| 70 | Meta Platforms Inc | META | 100 | $73,809 | 0.03% |
| 71 | Investco CurrencyShares Japan | 46138W107 | 600 | $38,364 | 0.01% |
| 72 | Blackstone / GSO Long-Short Credit Income Fund | BGX | 2,706 | $33,581 | 0.01% |
| 73 | Flaherty & Crumrine Pfd Inco | 33848E106 | 2,868 | $26,529 | 0.01% |
| 74 | Purecycle Technologies Inc | PCTTW | 5,457 | $23,738 | 0.01% |
| 75 | The New Germany Fund Inc | 644465106 | 1,739 | $20,769 | 0.01% |
| 76 | Morgan Stanley India Investment Fund Inc | MS-PQ | 706 | $19,930 | 0.01% |
| 77 | First Tr Inter Dur Pfd & In | 33718W103 | 906 | $17,051 | 0.01% |
| 78 | Japan Smaller Capitalization Fund Inc | JOF | 1,691 | $16,301 | 0.01% |
| 79 | The European Equity Fund Inc | 298768102 | 1,385 | $14,169 | 0.01% |
| 80 | BlackRock Enhanced International Dividend Trust | BLK | 2,435 | $14,099 | 0.01% |
| 81 | Aberdeen Std Global Infrastructure | 00326W106 | 638 | $13,002 | 0.00% |
| 82 | Mexico Equity & Income Fd | 592834105 | 1,123 | $11,758 | 0.00% |
| 83 | The Mexico Fund, Inc. | 592835102 | 669 | $11,754 | 0.00% |
| 84 | Templeton Dragon Fd Inc. | 88018T101 | 1,165 | $11,638 | 0.00% |
| 85 | Net Power Inc. | NPWR-WT | 32,771 | $10,814 | 0.00% |
| 86 | The Korea Fund Inc | 500634209 | 374 | $10,072 | 0.00% |
| 87 | Montana Technologies Corp | AIRJW | 15,307 | $9,934 | 0.00% |
| 88 | Morgan Stanley Emerging Mkts | MS-PQ | 1,917 | $9,815 | 0.00% |
| 89 | Aberdeen Total Dynamic Dividend Fund | AOD | 1,103 | $9,773 | 0.00% |
| 90 | TCW Strategic Income Fund Inc | 872340104 | 2,000 | $9,760 | 0.00% |
| 91 | ProShares Short VIX Short-Term Futures ETF | 74347W130 | 220 | $9,372 | 0.00% |
| 92 | Virtus Stone HBR Emrg Mkts I | 86164T107 | 1,822 | $9,201 | 0.00% |
| 93 | Aberdeen Emerging Markets Equity Inc. | AEF | 1,297 | $7,704 | 0.00% |
| 94 | BlackRock Cap Allocation Tr | BLK | 425 | $6,435 | 0.00% |
| 95 | Adams Diversified Equity Fund Inc | 006212104 | 295 | $6,410 | 0.00% |
| 96 | General American Investors Co Inc | 368802104 | 112 | $6,276 | 0.00% |
| 97 | Chargepoint Holdings Inc. | CHPT | 445 | $6,259 | 0.00% |
| 98 | The Gabelli Dividend & Income Trust | 36242H104 | 233 | $6,059 | 0.00% |
| 99 | Gabelli Equity Trust Inc | GAB-PK | 1,020 | $5,936 | 0.00% |
| 100 | BlackRock Enhanced Equity Dividend Trust | BLK | 664 | $5,902 | 0.00% |
| 101 | Liberty All Star Growth Fund Inc | 529900102 | 1,054 | $5,765 | 0.00% |
| 102 | Nuveen Core Equity Alpha Fund | NU | 370 | $5,741 | 0.00% |
| 103 | Tri-Continental Corp | 895436103 | 179 | $5,681 | 0.00% |
| 104 | Royce Value Trust Inc | RVT | 375 | $5,650 | 0.00% |
| 105 | Nuveen NASDAQ 100 Dynamic Overwrite Fund | 670699107 | 212 | $5,611 | 0.00% |
| 106 | Liberty All Star Equity Fund | 530158104 | 801 | $5,458 | 0.00% |
| 107 | Virtus Total Return Fund Inc. | 92835W107 | 676 | $4,211 | 0.00% |
| 108 | Nexpoint Diversified Rel Et | 65340G205 | 261 | $1,094 | 0.00% |