13F HOLDINGS REPORT
Thomas J. Herzfeld Advisors, Inc.
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001398344-25-020702
Total Value
$291.7M
Positions
104
Other Managers
0
Confidential Omitted
No
Holdings (104)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PIMCO Dynamic Income Strategy Fund | PDX | 1,569,891 | $39.1M | 13.42% |
| 2 | Highland Floating Rate Opportunities Fund | HFRO-PB | 2,796,339 | $17.8M | 6.09% |
| 3 | Saba Capital Income & Opport II | BRW | 1,787,446 | $16.3M | 5.59% |
| 4 | Herzfeld Credit Income Fund, Inc. | HERZ | 6,100,753 | $14.5M | 4.98% |
| 5 | PGIM ETF TR | 69344A834 | 205,593 | $10.6M | 3.63% |
| 6 | Nuveen Floating Rate Income | 67072T108 | 1,287,853 | $10.5M | 3.61% |
| 7 | Brookfield Real Assets Incom | RA | 724,706 | $9.7M | 3.32% |
| 8 | Simplify Exchange Traded Fun | 82889N855 | 191,613 | $9.2M | 3.16% |
| 9 | Saba Capital Income & Opport | 78518H202 | 1,175,007 | $9.1M | 3.13% |
| 10 | ASA Gold and Precious Metals Ltd | G3156P103 | 180,645 | $8.3M | 2.84% |
| 11 | PIMCO Access Income Fund | PAXS | 481,437 | $7.8M | 2.69% |
| 12 | SRH Total Return Fund Inc | STEW | 375,454 | $6.8M | 2.34% |
| 13 | FS Credit Opportunities Corp | FSCO | 963,509 | $6.7M | 2.28% |
| 14 | Flaherty & Crumrine Pfd Secs | 338478100 | 382,783 | $6.5M | 2.22% |
| 15 | Neuberger Brman Next Genera | NBXG | 394,211 | $6.1M | 2.08% |
| 16 | iShares Tr | 46434V860 | 107,519 | $5.4M | 1.86% |
| 17 | Duff & Phelps Utility and Infrastructure Fund Inc. | 26433C105 | 420,950 | $5.4M | 1.86% |
| 18 | PGIM Short Dur Hig yld Opp F | 69355J104 | 321,346 | $5.4M | 1.84% |
| 19 | Nuveen Vriabl Rat Pfd & Inm | NU | 261,335 | $5.2M | 1.79% |
| 20 | Cohen & Steers Limited Duration Preferred and Income Fund, Inc. | 19248C105 | 221,196 | $4.8M | 1.64% |
| 21 | BlackRock Science and Technology Trust II | BLK | 209,711 | $4.6M | 1.59% |
| 22 | The Taiwan Fund Inc | 874036106 | 84,582 | $4.6M | 1.57% |
| 23 | Thornburg Incm Builder Opp Tr | 885213108 | 227,958 | $4.5M | 1.55% |
| 24 | PIMCO Dynamic Income Oprnts | 69355M107 | 318,125 | $4.5M | 1.54% |
| 25 | Kayne Anderson Energy Infrst | 486606106 | 321,171 | $4.0M | 1.36% |
| 26 | ProShares UltraShort S&P500 | 74347G416 | 271,755 | $3.9M | 1.35% |
| 27 | Rivernorth Flexible Mun Income Fund II, Inc. | 76883Y107 | 300,513 | $3.9M | 1.34% |
| 28 | Oxford Lane Cap Corp | OXLCZ | 227,872 | $3.9M | 1.32% |
| 29 | Nuveen Credit Strategies Income Fund | NU | 684,381 | $3.6M | 1.24% |
| 30 | Ecofin Sustainable and Social Impact Term Fund | 27901F109 | 234,542 | $2.8M | 0.95% |
| 31 | Angel Oak Final Strategies Incm Trm Trst | 03464A100 | 207,513 | $2.7M | 0.93% |
| 32 | Nuveen Dow 30 Dynamic Overwrite Fund | NU | 180,969 | $2.7M | 0.92% |
| 33 | Central Securities Corp | 155123102 | 52,228 | $2.7M | 0.92% |
| 34 | The Gabelli Dividend & Income Trust | 36242H104 | 95,140 | $2.6M | 0.88% |
| 35 | NYLI CBRE Gbl Infr Megtrnds | 56064Q107 | 171,242 | $2.5M | 0.86% |
| 36 | PIMCO Income Strategy FdII | 72201J104 | 319,586 | $2.4M | 0.83% |
| 37 | Tortoise Energy Infra Corp | TYG | 53,109 | $2.3M | 0.78% |
| 38 | Exchange Listed FDS Tr | 30151E806 | 98,498 | $2.2M | 0.77% |
| 39 | BNY Mellon Strategic Mun Bd | 09662E109 | 338,579 | $2.0M | 0.69% |
| 40 | Blackstone / GSO Long-Short Credit Income Fund | BGX | 159,161 | $1.9M | 0.65% |
| 41 | PIMCO Calif Mun Income Fund | 72200N106 | 218,743 | $1.9M | 0.65% |
| 42 | MFS High Yield Municipal Trust | 59318E102 | 546,440 | $1.9M | 0.65% |
| 43 | MFS Investment Grade Municipal Trust | 59318B108 | 240,371 | $1.9M | 0.65% |
| 44 | Nuveen Mortgage and Income Fund | NU | 97,359 | $1.8M | 0.62% |
| 45 | Aberdeen Life Sciences Investor | HQL | 116,937 | $1.8M | 0.62% |
| 46 | Aberdeen Healthcare Investors | HQH | 94,616 | $1.7M | 0.60% |
| 47 | GAMCO Nat Res Gold and Income | 36465E101 | 235,268 | $1.7M | 0.57% |
| 48 | Western Asset Mortgage Opp Fund Inc. | 95790B109 | 137,559 | $1.6M | 0.55% |
| 49 | NYLI MacKay Defined Term Muni | MMD | 96,504 | $1.5M | 0.50% |
| 50 | BlackRock Municipal 2030 Target Term Trust | BLK | 49,300 | $1.1M | 0.38% |
| 51 | MFS Municipal Income Trust | 552738106 | 135,397 | $729,790 | 0.25% |
| 52 | BNY Mellon Strategic Muns In | 05588W108 | 93,605 | $585,031 | 0.20% |
| 53 | SPDR Gold Tr | GLD | 1,398 | $496,947 | 0.17% |
| 54 | BlackRock MuniIvest FD II Inc. | BLK | 46,110 | $490,149 | 0.17% |
| 55 | MFS High Income Mun Tr | 59318D104 | 121,948 | $453,647 | 0.16% |
| 56 | Aberdeen National Municipal Income Fund | 24610T108 | 26,366 | $270,515 | 0.09% |
| 57 | SPDR S&P 500 ETF Tr | SPY | 390 | $259,810 | 0.09% |
| 58 | BNY Mellon Municipal Bond Infrastructure Fund, Inc. | 09662W109 | 23,321 | $249,535 | 0.09% |
| 59 | Carlyle Credit Income Fund | CCID | 33,684 | $196,041 | 0.07% |
| 60 | ProShares TR | 74349Y829 | 8,522 | $183,479 | 0.06% |
| 61 | Invesco QQQ Tr | IVZ | 270 | $162,100 | 0.06% |
| 62 | Netflix, Inc. | NFLX | 100 | $119,892 | 0.04% |
| 63 | Columbia Seligman Premium Technology Growth Fund | 19842X109 | 3,345 | $118,145 | 0.04% |
| 64 | SPDR S&P MidCap 400 ETF Tr | MDY | 150 | $89,405 | 0.03% |
| 65 | TMC The Metals Company Inc | TMCWW | 12,911 | $82,243 | 0.03% |
| 66 | Cornerstone Strategic Value Fund Inc | CLM | 9,539 | $78,983 | 0.03% |
| 67 | Meta Platforms Inc | META | 100 | $73,438 | 0.03% |
| 68 | Destra Multi-Alternative Fd | 25065A502 | 8,086 | $69,863 | 0.02% |
| 69 | Investco CurrencyShares Japan | 46138W107 | 600 | $37,326 | 0.01% |
| 70 | First Tr Inter Dur Pfd & In | 33718W103 | 1,857 | $35,562 | 0.01% |
| 71 | Angel Studios Inc | ANGX | 5,699 | $33,111 | 0.01% |
| 72 | Flaherty & Crumrine Pfd Inco | 33848E106 | 3,214 | $31,337 | 0.01% |
| 73 | Net Power Inc. | NPWR-WT | 32,771 | $24,578 | 0.01% |
| 74 | Japan Smaller Capitalization Fund Inc | JOF | 1,851 | $19,510 | 0.01% |
| 75 | Purecycle Technologies Inc | PCTTW | 5,457 | $18,445 | 0.01% |
| 76 | The Korea Fund Inc | 500634209 | 602 | $18,412 | 0.01% |
| 77 | The European Equity Fund Inc | 298768102 | 1,681 | $18,223 | 0.01% |
| 78 | Templeton Dragon Fd Inc. | 88018T101 | 1,408 | $16,403 | 0.01% |
| 79 | The New Germany Fund Inc | 644465106 | 1,249 | $14,444 | 0.00% |
| 80 | Western Asset Emerging Mkts | 95766A101 | 1,399 | $14,438 | 0.00% |
| 81 | The Mexico Fund, Inc. | 592835102 | 705 | $13,889 | 0.00% |
| 82 | Mexico Equity & Income Fd | 592834105 | 1,144 | $13,579 | 0.00% |
| 83 | Aberdeen Emerging Markets Equity Inc. | AEF | 1,994 | $12,921 | 0.00% |
| 84 | Nuveen Mutli Asset Income Fund | 670750108 | 978 | $12,694 | 0.00% |
| 85 | Montana Technologies Corp | AIRJW | 15,307 | $11,522 | 0.00% |
| 86 | ProShares Short VIX Short-Term Futures ETF | 74347W130 | 220 | $11,207 | 0.00% |
| 87 | Templeton Emerging Markets Fund | 880191101 | 660 | $11,048 | 0.00% |
| 88 | Aberdeen Total Dynamic Dividend Fund | AOD | 1,161 | $10,983 | 0.00% |
| 89 | Virtus Stone HBR Emrg Mkts I | 86164T107 | 2,052 | $10,363 | 0.00% |
| 90 | Morgan Stanley India Investment Fund Inc | MS-PQ | 391 | $10,303 | 0.00% |
| 91 | TCW Strategic Income Fund Inc | 872340104 | 2,000 | $9,840 | 0.00% |
| 92 | General American Investors Co Inc | 368802104 | 112 | $6,967 | 0.00% |
| 93 | BlackRock Enhanced International Dividend Trust | BLK | 1,211 | $6,963 | 0.00% |
| 94 | Adams Diversified Equity Fund Inc | 006212104 | 301 | $6,722 | 0.00% |
| 95 | BlackRock Cap Allocation Tr | BLK | 435 | $6,434 | 0.00% |
| 96 | Gabelli Equity Trust Inc | GAB-PK | 1,044 | $6,361 | 0.00% |
| 97 | BlackRock Enhanced Equity Dividend Trust | BLK | 678 | $6,174 | 0.00% |
| 98 | Royce Small-Cap Trust Inc. | RVT | 382 | $6,163 | 0.00% |
| 99 | Tri-Continental Corp | 895436103 | 181 | $6,149 | 0.00% |
| 100 | Liberty All Star Growth Fund Inc | 529900102 | 1,077 | $5,977 | 0.00% |
| 101 | Nuveen Core Equity Alpha Fund | NU | 378 | $5,946 | 0.00% |
| 102 | Nuveen NASDAQ 100 Dynamic Overwrite Fund | 670699107 | 216 | $5,944 | 0.00% |
| 103 | Liberty All Star Equity Fund | 530158104 | 823 | $5,220 | 0.00% |
| 104 | Virtus Total Return Fund Inc. | 92835W107 | 692 | $4,465 | 0.00% |