Thomas J. Herzfeld Advisors, Inc. Q3 2025 Filing
Filed November 12, 2025
Portfolio Value
$291.7B
Holdings
104
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (104 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | PDXPIMCO Dynamic Income Strategy Fund | 1,569,891 | $39.1B | 13.42% | |
| 2 | HFROHighland Floating Rate Opportunities Fund | 2,796,339 | $17.8B | 6.09% | |
| 3 | SABASaba Capital Income & Opport II | 1,787,446 | $16.3B | 5.59% | |
| 4 | HERZHerzfeld Credit Income Fund, Inc. | 6,100,753 | $14.5B | 4.98% | |
| 5 | PAAAPGIM ETF TR | 205,593 | $10.6B | 3.63% | |
| 6 | JFRNuveen Floating Rate Income | 1,287,853 | $10.5B | 3.61% | |
| 7 | RABrookfield Real Assets Incom | 724,706 | $9.7B | 3.32% | |
| 8 | PFIXSimplify Exchange Traded Fun | 191,613 | $9.2B | 3.16% | |
| 9 | BRWSaba Capital Income & Opport | 1,175,007 | $9.1B | 3.13% | |
| 10 | ASAASA Gold and Precious Metals Ltd | 180,645 | $8.3B | 2.84% | |
| 11 | PAXSPIMCO Access Income Fund | 481,437 | $7.8B | 2.69% | |
| 12 | STEWSRH Total Return Fund Inc | 375,454 | $6.8B | 2.34% | |
| 13 | FSCOFS Credit Opportunities Corp | 963,509 | $6.7B | 2.28% | |
| 14 | XFFCXFlaherty & Crumrine Pfd Secs | 382,783 | $6.5B | 2.22% | |
| 15 | NBXGNeuberger Brman Next Genera | 394,211 | $6.1B | 2.08% | |
| 16 | TFLOiShares Tr | 107,519 | $5.4B | 1.86% | |
| 17 | DPGDuff & Phelps Utility and Infrastructure Fund Inc. | 420,950 | $5.4B | 1.86% | |
| 18 | SDHYPGIM Short Dur Hig yld Opp F | 321,346 | $5.4B | 1.84% | |
| 19 | NPFDNuveen Vriabl Rat Pfd & Inm | 261,335 | $5.2B | 1.79% | |
| 20 | LDPCohen & Steers Limited Duration Preferred and Income Fund, Inc. | 221,196 | $4.8B | 1.64% | |
| 21 | BSTZBlackRock Science and Technology Trust II | 209,711 | $4.6B | 1.59% | |
| 22 | TWNThe Taiwan Fund Inc | 84,582 | $4.6B | 1.57% | |
| 23 | TBLDThornburg Incm Builder Opp Tr | 227,958 | $4.5B | 1.55% | |
| 24 | PDOPIMCO Dynamic Income Oprnts | 318,125 | $4.5B | 1.54% | |
| 25 | KYNKayne Anderson Energy Infrst | 321,171 | $4.0B | 1.36% | |
| 26 | AGQProShares UltraShort S&P500 | 271,755 | $3.9B | 1.35% | |
| 27 | RFMZRivernorth Flexible Mun Income Fund II, Inc. | 300,513 | $3.9B | 1.34% | |
| 28 | OXLCOxford Lane Cap Corp | 227,872 | $3.9B | 1.32% | |
| 29 | XJQCXNuveen Credit Strategies Income Fund | 684,381 | $3.6B | 1.24% | |
| 30 | XTEAXEcofin Sustainable and Social Impact Term Fund | 234,542 | $2.8B | 0.95% | |
| 31 | FINSAngel Oak Final Strategies Incm Trm Trst | 207,513 | $2.7B | 0.93% | |
| 32 | DIAXNuveen Dow 30 Dynamic Overwrite Fund | 180,969 | $2.7B | 0.92% | |
| 33 | CETCentral Securities Corp | 52,228 | $2.7B | 0.92% | |
| 34 | XGDVXThe Gabelli Dividend & Income Trust | 95,140 | $2.6B | 0.88% | |
| 35 | MEGINYLI CBRE Gbl Infr Megtrnds | 171,242 | $2.5B | 0.86% | |
| 36 | PFNPIMCO Income Strategy FdII | 319,586 | $2.4B | 0.83% | |
| 37 | TYGTortoise Energy Infra Corp | 53,109 | $2.3B | 0.78% | |
| 38 | CEFSExchange Listed FDS Tr | 98,498 | $2.2B | 0.77% | |
| 39 | DSMBNY Mellon Strategic Mun Bd | 338,579 | $2.0B | 0.69% | |
| 40 | BGXBlackstone / GSO Long-Short Credit Income Fund | 159,161 | $1.9B | 0.65% | |
| 41 | XPCQXPIMCO Calif Mun Income Fund | 218,743 | $1.9B | 0.65% | |
| 42 | CMUMFS High Yield Municipal Trust | 546,440 | $1.9B | 0.65% | |
| 43 | CXHMFS Investment Grade Municipal Trust | 240,371 | $1.9B | 0.65% | |
| 44 | JLSNuveen Mortgage and Income Fund | 97,359 | $1.8B | 0.62% | |
| 45 | HQLAberdeen Life Sciences Investor | 116,937 | $1.8B | 0.62% | |
| 46 | HQHAberdeen Healthcare Investors | 94,616 | $1.7B | 0.60% | |
| 47 | GNTGAMCO Nat Res Gold and Income | 235,268 | $1.7B | 0.57% | |
| 48 | DMOWestern Asset Mortgage Opp Fund Inc. | 137,559 | $1.6B | 0.55% | |
| 49 | MMDNYLI MacKay Defined Term Muni | 96,504 | $1.5B | 0.50% | |
| 50 | BTTBlackRock Municipal 2030 Target Term Trust | 49,300 | $1.1B | 0.38% | |
| 51 | MFMMFS Municipal Income Trust | 135,397 | $729.8M | 0.25% | |
| 52 | LEOBNY Mellon Strategic Muns In | 93,605 | $585.0M | 0.20% | |
| 53 | GQ9SPDR Gold Tr | 1,398 | $496.9M | 0.17% | |
| 54 | MVTBlackRock MuniIvest FD II Inc. | 46,110 | $490.1M | 0.17% | |
| 55 | CXEMFS High Income Mun Tr | 121,948 | $453.6M | 0.16% | |
| 56 | VFLAberdeen National Municipal Income Fund | 26,366 | $270.5M | 0.09% | |
| 57 | SPYSPDR S&P 500 ETF Tr | 390 | $259.8M | 0.09% | |
| 58 | DMBBNY Mellon Municipal Bond Infrastructure Fund, Inc. | 23,321 | $249.5M | 0.09% | |
| 59 | CCIFCarlyle Credit Income Fund | 33,684 | $196.0M | 0.07% | |
| 60 | QIDProShares TR | 8,522 | $183.5M | 0.06% | |
| 61 | NDQInvesco QQQ Tr | 270 | $162.1M | 0.06% | |
| 62 | NFLXNetflix, Inc. | 100 | $119.9M | 0.04% | |
| 63 | STKColumbia Seligman Premium Technology Growth Fund | 3,345 | $118.1M | 0.04% | |
| 64 | MDYSPDR S&P MidCap 400 ETF Tr | 150 | $89.4M | 0.03% | |
| 65 | TMCTMC The Metals Company Inc | 12,911 | $82.2M | 0.03% | |
| 66 | CLMCornerstone Strategic Value Fund Inc | 9,539 | $79.0M | 0.03% | |
| 67 | METAMeta Platforms Inc | 100 | $73.4M | 0.03% | |
| 68 | DMADestra Multi-Alternative Fd | 8,086 | $69.9M | 0.02% | |
| 69 | FXYInvestco CurrencyShares Japan | 600 | $37.3M | 0.01% | |
| 70 | FPFFirst Tr Inter Dur Pfd & In | 1,857 | $35.6M | 0.01% | |
| 71 | ANGXAngel Studios Inc | 5,699 | $33.1M | 0.01% | |
| 72 | PFOFlaherty & Crumrine Pfd Inco | 3,214 | $31.3M | 0.01% | |
| 73 | NPWR/WSNet Power Inc. | 32,771 | $24.6M | 0.01% | |
| 74 | JOFJapan Smaller Capitalization Fund Inc | 1,851 | $19.5M | 0.01% | |
| 75 | PCTTWPurecycle Technologies Inc | 5,457 | $18.4M | 0.01% | |
| 76 | KFThe Korea Fund Inc | 602 | $18.4M | 0.01% | |
| 77 | EEAThe European Equity Fund Inc | 1,681 | $18.2M | 0.01% | |
| 78 | TDFTempleton Dragon Fd Inc. | 1,408 | $16.4M | 0.01% | |
| 79 | GFThe New Germany Fund Inc | 1,249 | $14.4M | 0.00% | |
| 80 | XEMDXWestern Asset Emerging Mkts | 1,399 | $14.4M | 0.00% | |
| 81 | MXFThe Mexico Fund, Inc. | 705 | $13.9M | 0.00% | |
| 82 | MXEMexico Equity & Income Fd | 1,144 | $13.6M | 0.00% | |
| 83 | AEFAberdeen Emerging Markets Equity Inc. | 1,994 | $12.9M | 0.00% | |
| 84 | NMAINuveen Mutli Asset Income Fund | 978 | $12.7M | 0.00% | |
| 85 | AIRJWMontana Technologies Corp | 15,307 | $11.5M | 0.00% | |
| 86 | SVXYProShares Short VIX Short-Term Futures ETF | 220 | $11.2M | 0.00% | |
| 87 | EMFTempleton Emerging Markets Fund | 660 | $11.0M | 0.00% | |
| 88 | XAODXAberdeen Total Dynamic Dividend Fund | 1,161 | $11.0M | 0.00% | |
| 89 | EDFVirtus Stone HBR Emrg Mkts I | 2,052 | $10.4M | 0.00% | |
| 90 | IIFMorgan Stanley India Investment Fund Inc | 391 | $10.3M | 0.00% | |
| 91 | TSITCW Strategic Income Fund Inc | 2,000 | $9.8M | 0.00% | |
| 92 | GAMGeneral American Investors Co Inc | 112 | $7.0M | 0.00% | |
| 93 | XBGYXBlackRock Enhanced International Dividend Trust | 1,211 | $7.0M | 0.00% | |
| 94 | ADXAdams Diversified Equity Fund Inc | 301 | $6.7M | 0.00% | |
| 95 | BCATBlackRock Cap Allocation Tr | 435 | $6.4M | 0.00% | |
| 96 | GABGabelli Equity Trust Inc | 1,044 | $6.4M | 0.00% | |
| 97 | BDJBlackRock Enhanced Equity Dividend Trust | 678 | $6.2M | 0.00% | |
| 98 | RVTRoyce Small-Cap Trust Inc. | 382 | $6.2M | 0.00% | |
| 99 | TYTri-Continental Corp | 181 | $6.1M | 0.00% | |
| 100 | ASGLiberty All Star Growth Fund Inc | 1,077 | $6.0M | 0.00% |
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