13F HOLDINGS REPORT
Thomas J. Herzfeld Advisors, Inc.
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001398344-26-003154
Total Value
$295.6M
Positions
107
Other Managers
0
Confidential Omitted
No
Holdings (107)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | FS SPECIALTY LENDING FD | 644323107 | 2,050,866 | $29.0M | 9.81% |
| 2 | PIMCO DYNAMIC INCOME STRATEG | PDX | 1,305,721 | $24.5M | 8.30% |
| 3 | HIGHLAND OPPS & INCOME FD | HFRO-PB | 2,457,285 | $14.7M | 4.97% |
| 4 | SABA CAPITAL INCOME & OPPORT | BRW | 1,590,092 | $13.1M | 4.44% |
| 5 | HERZFELD CREDIT INCOME FUND | HERZ | 5,841,928 | $13.0M | 4.39% |
| 6 | SABA CAPITAL INCOME & OPRNT | 78518H202 | 1,834,714 | $12.9M | 4.35% |
| 7 | BLUEROCK PVT REAL ESTATE FD | 09631P102 | 854,779 | $12.8M | 4.34% |
| 8 | FS CREDIT OPPORTUNITIES CORP | FSCO | 1,899,781 | $12.0M | 4.05% |
| 9 | GUGGENHEIM STRATEGIC OPPORTU | GOF | 927,245 | $11.9M | 4.04% |
| 10 | PIMCO ACCESS INCOME FUND | PAXS | 747,910 | $11.4M | 3.87% |
| 11 | BROOKFIELD REAL ASSETS INCOM | RA | 772,267 | $10.0M | 3.39% |
| 12 | ASA GOLD AND PRECIOUS MTLS L | G3156P103 | 134,342 | $8.0M | 2.71% |
| 13 | SRH TOTAL RETURN FUND INC | STEW | 382,005 | $7.1M | 2.40% |
| 14 | NUVEEN FLOATING RATE INCOME | 67072T108 | 876,956 | $6.9M | 2.32% |
| 15 | DUFF & PHELPS UTLITY AND INF | 26433C105 | 469,477 | $6.0M | 2.02% |
| 16 | NEUBERGER NEXT GENERATION | NBXG | 412,390 | $6.0M | 2.01% |
| 17 | OXFORD LANE CAP CORP | OXLCZ | 399,466 | $5.8M | 1.98% |
| 18 | PGIM SHORT DUR HIG YLD OPP F | 69355J104 | 329,953 | $5.4M | 1.84% |
| 19 | BLACKROCK SCIENCE & TECHNOLO | BLK | 215,176 | $4.9M | 1.65% |
| 20 | PIMCO DYNAMIC INCOME OPRNTS | 69355M107 | 345,432 | $4.8M | 1.62% |
| 21 | THORNBURG INCM BUILDER OPP T | 885213108 | 231,757 | $4.7M | 1.58% |
| 22 | TAIWAN FD INC | 874036106 | 82,666 | $4.4M | 1.49% |
| 23 | RIVERNORTH FLEXIBLE MUNI INC | 76883Y107 | 319,486 | $4.0M | 1.37% |
| 24 | BLACKROCK TECH AND PRIVATE E | BLK | 543,195 | $3.6M | 1.21% |
| 25 | EAGLE POINT INCOME COMPANY I | EICC | 310,811 | $3.5M | 1.20% |
| 26 | XAI OCTAGN FLT RAT & ALT INM | 98400T106 | 638,082 | $3.1M | 1.04% |
| 27 | ANGEL OAK FINL STRATEGIES IN | 03464A100 | 216,513 | $2.9M | 0.97% |
| 28 | NUVEEN DOW 30 DYNMC OVERWRT | NU | 183,190 | $2.8M | 0.95% |
| 29 | CENTRAL SECS CORP | 155123102 | 54,569 | $2.8M | 0.94% |
| 30 | BLACKSTONE LONG SHORT CR INC | BGX | 233,050 | $2.7M | 0.92% |
| 31 | PIMCO DYNAMIC INCOME FD | 72201Y101 | 152,852 | $2.7M | 0.92% |
| 32 | NUVEEN CR STRATEGIES INCOME | NU | 531,122 | $2.7M | 0.90% |
| 33 | VIRTUS CONVERTIBLE & INCOME | 92838X805 | 174,319 | $2.6M | 0.89% |
| 34 | COHEN & STEERS LTD DURATION | 19248C105 | 124,038 | $2.6M | 0.89% |
| 35 | MORGAN STANLEY EMKT DBT FD I | MS-PQ | 322,893 | $2.4M | 0.81% |
| 36 | BNY MELLON STRATEGIC MUN BD | 09662E109 | 341,091 | $2.1M | 0.71% |
| 37 | MFS HIGH YIELD MUN TR | 59318E102 | 558,611 | $2.0M | 0.66% |
| 38 | EXCHANGE LISTED FDS TR | 30151E806 | 84,021 | $1.9M | 0.65% |
| 39 | PIMCO CALIF MUN INCOME FD | 72200N106 | 221,201 | $1.9M | 0.65% |
| 40 | MFS INVT GRADE MUN TR | 59318B108 | 242,426 | $1.9M | 0.65% |
| 41 | GABELLI DIVID & INCOME TR | 36242H104 | 68,091 | $1.9M | 0.64% |
| 42 | NYLI CBRE GBL INFR MEGTRNDS | 56064Q107 | 113,493 | $1.6M | 0.53% |
| 43 | NUVEEN MORTGAGE AND INCOME F | NU | 80,720 | $1.5M | 0.50% |
| 44 | NYLI MACKAY DEFINEDTERM MUNI | MMD | 97,226 | $1.4M | 0.49% |
| 45 | WESTERN ASSET MTG DEFINED OP | 95790B109 | 121,852 | $1.3M | 0.46% |
| 46 | BLACKROCK MUN TARGET TERM TR | BLK | 49,685 | $1.1M | 0.38% |
| 47 | CARLYLE CREDIT INCOME FUND | CCID | 201,113 | $943,220 | 0.32% |
| 48 | MFS MUN INCOME TR | 552738106 | 137,475 | $746,489 | 0.25% |
| 49 | PIMCO CORPORATE & INCOME OPP | PTY | 55,818 | $720,052 | 0.24% |
| 50 | EAGLE POINT CREDIT COMPANY I | ECCW | 124,736 | $718,479 | 0.24% |
| 51 | GAMCO NAT RES GOLD & INCOME | 36465E101 | 90,459 | $673,920 | 0.23% |
| 52 | MFS HIGH INCOME MUN TR | 59318D104 | 166,696 | $616,775 | 0.21% |
| 53 | BNY MELLON STRATEGIC MUNS IN | 05588W108 | 94,265 | $599,525 | 0.20% |
| 54 | SPDR GOLD TR | GLD | 1,398 | $554,041 | 0.19% |
| 55 | BLACKROCK MUNIVEST FD II INC | BLK | 46,375 | $501,314 | 0.17% |
| 56 | ABRDN NATL MUN INCOME FD | 24610T108 | 35,909 | $368,785 | 0.12% |
| 57 | FEDERATED HERMES PREM MUNI I | FHI | 29,727 | $330,267 | 0.11% |
| 58 | NEUBERGER MUN FD INC | 64124P101 | 32,348 | $327,362 | 0.11% |
| 59 | SPDR S&P 500 ETF TR | SPY | 390 | $265,949 | 0.09% |
| 60 | BNY MELLON MUN BD INFRASTRUC | 09662W109 | 23,503 | $258,298 | 0.09% |
| 61 | ISHARES TR | 46434V860 | 4,469 | $225,506 | 0.08% |
| 62 | COLUMBIA SELIGM PREM TECH GR | 19842X109 | 5,834 | $214,633 | 0.07% |
| 63 | SOUND POINT MERIDIAN CAP INC | SPME | 13,720 | $188,650 | 0.06% |
| 64 | INVESCO QQQ TR | IVZ | 270 | $165,864 | 0.06% |
| 65 | NETFLIX INC | NFLX | 1,000 | $93,760 | 0.03% |
| 66 | SPDR S&P MIDCAP 400 ETF TR | MDY | 150 | $90,492 | 0.03% |
| 67 | TMC THE METALS COMPANY INC | TMCWW | 12,911 | $79,661 | 0.03% |
| 68 | META PLATFORMS INC | META | 100 | $66,009 | 0.02% |
| 69 | CLEARBRIDGE ENERGY MIDSTRM O | 18469P209 | 1,016 | $45,364 | 0.02% |
| 70 | INVESCO CURRENCYSHARES JAPAN | 46138W107 | 600 | $35,202 | 0.01% |
| 71 | FIRST TR INTER DURATN PFD & | 33718W103 | 1,792 | $33,403 | 0.01% |
| 72 | FLAHERTY & CRUMRINE PFD INCO | 33848E106 | 3,345 | $31,610 | 0.01% |
| 73 | ANGEL STUDIOS INC | ANGX | 5,699 | $26,614 | 0.01% |
| 74 | KOREA FD INC | 500634209 | 602 | $21,865 | 0.01% |
| 75 | JAPAN SMALLER CAPITALIZATION | JOF | 1,851 | $20,509 | 0.01% |
| 76 | EUROPEAN EQUITY FD INC | 298768102 | 1,681 | $17,315 | 0.01% |
| 77 | MEXICO EQUITY & INCOME FD | 592834105 | 1,380 | $17,084 | 0.01% |
| 78 | WESTERN ASSET EMERGING MKTS | 95766A101 | 1,554 | $16,519 | 0.01% |
| 79 | NET POWER INC | NPWR-WT | 32,771 | $16,386 | 0.01% |
| 80 | TEMPLETON DRAGON FD INC | 88018T101 | 1,416 | $15,944 | 0.01% |
| 81 | MEXICO FD INC | 592835102 | 770 | $15,508 | 0.01% |
| 82 | ABRDN EMERGING MARKETS EX CH | AEF | 2,124 | $14,868 | 0.01% |
| 83 | NUVEEN MULTI ASSET INCOME FU | 670750108 | 1,096 | $14,292 | 0.00% |
| 84 | AIRJOULE TECHNOLOGIES CORP | AIRJW | 15,307 | $13,011 | 0.00% |
| 85 | PROSHARES TR II | 74347W130 | 220 | $12,184 | 0.00% |
| 86 | TEMPLETON EMERGING MKTS FD | 880191101 | 660 | $11,240 | 0.00% |
| 87 | VIRTUS STONE HBR EMRG MKTS I | 86164T107 | 2,052 | $10,198 | 0.00% |
| 88 | PRINCIPAL REAL ESTATE INCOME | PGZ | 992 | $9,930 | 0.00% |
| 89 | TCW STRATEGIC INCOME FD INC | 872340104 | 2,000 | $9,880 | 0.00% |
| 90 | MORGAN STANLEY INDIA INVT FD | MS-PQ | 391 | $9,767 | 0.00% |
| 91 | CORNERSTONE STRATEGIC INVEST | CLM | 1,060 | $8,860 | 0.00% |
| 92 | NEW GERMANY FD INC | 644465106 | 689 | $7,874 | 0.00% |
| 93 | GENERAL AMERN INVS CO INC | 368802104 | 124 | $7,294 | 0.00% |
| 94 | ADAMS DIVERSIFIED EQUITY FD | 006212104 | 308 | $7,171 | 0.00% |
| 95 | BLACKROCK ENHANCED EQUITY DI | BLK | 700 | $6,632 | 0.00% |
| 96 | GABELLI EQUITY TR INC | GAB-PK | 1,070 | $6,599 | 0.00% |
| 97 | MORGAN STANLEY EMERGING MKTS | MS-PQ | 1,185 | $6,435 | 0.00% |
| 98 | ROYCE SMALL CAP TRUST INC | RVT | 395 | $6,358 | 0.00% |
| 99 | TRI CONTL CORP | 895436103 | 194 | $6,328 | 0.00% |
| 100 | NUVEEN NASDAQ 100 DYNAMIC OV | 670699107 | 221 | $6,300 | 0.00% |
| 101 | NUVEEN CORE EQUITY ALPHA FD | NU | 393 | $6,270 | 0.00% |
| 102 | ABRDN TOTAL DYNAMIC DIVIDEND | AOD | 590 | $5,753 | 0.00% |
| 103 | LIBERTY ALL-STAR GROWTH FD I | 529900102 | 1,077 | $5,708 | 0.00% |
| 104 | LIBERTY ALL STAR EQUITY FD | 530158104 | 823 | $5,170 | 0.00% |
| 105 | PURECYCLE TECHNOLOGIES INC | PCTTW | 5,457 | $4,202 | 0.00% |
| 106 | VIRTUS TOTAL RETURN FD INC | 92835W107 | 447 | $2,819 | 0.00% |
| 107 | NEXPOINT DIVERSIFIED REL ET | 65340G205 | 276 | $1,057 | 0.00% |