Thomas J. Herzfeld Advisors, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Thomas J. Herzfeld Advisors, Inc. reported 148 stock positions worth $282.7 million. Its top holding was PIMCO Dynamic Income Strat (PDX) at 10.0% of the portfolio, followed by FS Credit Opportunities (FSCO, 8.4%) and Highland Opport & Income (HFRO, 7.8%). Compared with Q4 2023, it opened 9 new positions, sold out of 13, added to 55 and reduced 43. The biggest buy was Nuveen Var RT Pref & (NPFD, shares +510%) and the biggest sale Saba Capital Income & Opport (BRW, shares −63%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI BEACH, FL
- CIK
- 0001509510
- Portfolio Value
- $282.7M (Q1 2024)
- SEC Filing
- 0001398344-24-009274 ↗ filed May 13, 2024
Holdings Value
Holdings 148 stocks · $282.7M
| PDX PIMCO Dynamic Income Strat | 10.00% | 1,333,302 | $28.3M | Add +7.5% |
| FSCO FS Credit Opportunities Corp. | 8.36% | 3,987,390 | $23.6M | Add +2.2% |
| HFRO Highland Opport & Income | 7.80% | 3,135,798 | $22.0M | Add +3.7% |
| NXDT Nexpoint Diversified Real Es | 3.31% | 1,416,595 | $9.3M | Add +24.5% |
| OCCI Ofs Credit Company Inc. | 3.30% | 1,302,890 | $9.3M | Add +2.0% |
| CLM Cornerstone Strategic Invest | 3.28% | 1,234,237 | $9.3M | Add +4.5% |
| JPC Nuveen Prefered & Income Opp | 2.96% | 1,165,060 | $8.4M | Reduce -11.6% |
| JFR Nuveen Floating Rate Income | 2.65% | 857,315 | $7.5M | Add +27.9% |
| DMA Destra Multi-Alternative | 2.57% | 929,335 | $7.3M | Add +4.3% |
| HERZ Herzfeld Credit Income Fund | 2.33% | 2,540,778 | $6.6M | Reduce -5.8% |
| NCLH Norwegian Cruise Line Holdin | 1.53% | 207,207 | $4.3M | Add +11.1% |
| CRF Cornerstone Total Return | 1.35% | 509,714 | $3.8M | Add +5.8% |
| RCL Royal Caribbean Cruises Ltd. | 1.34% | 27,348 | $3.8M | Reduce -8.4% |
| BRW Saba Capital Income & Opport | 1.32% | 511,391 | $3.7M | Reduce -62.9% |
| CET Central Securities Corp. | 1.29% | 87,549 | $3.7M | Reduce -3.4% |
| XTPZX Tortoise Power & Enrgy Infra | 1.26% | 228,345 | $3.6M | Add +0.2% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 1.23% | 236,290 | $3.5M | Add +6.6% |
| FTF Franklin Ltd. Dur Inc. TR | 1.22% | 549,899 | $3.4M | Reduce -27.8% |
| NBXG Neuberger Next Generation Co. | 1.22% | 292,663 | $3.4M | Add +6.2% |
| TBLD Thornburg Income Builder Opp | 1.17% | 204,358 | $3.3M | Reduce -2.9% |
| MTZ Mastec Inc. | 1.15% | 34,872 | $3.3M | Add +3.9% |
| CEM Clearbridge MLP & Midstream | 1.14% | 70,197 | $3.2M | Reduce -32.0% |
| RFMZ Rivernorth Flex Muni II | 1.12% | 226,335 | $3.2M | Add +26.9% |
| LDP Cohen & Steers Limited Durat | 1.12% | 158,016 | $3.2M | Add +8.2% |
| XNDPX Tortoise Energy Independence | 1.06% | 89,149 | $3.0M | Reduce -2.7% |
| NPFD Nuveen Var RT Pref & Inc. | 1.03% | 162,387 | $2.9M | Add +509.6% |
| NAD Nuveen Quality Municipal Inc. | 1.02% | 251,138 | $2.9M | Add +25.4% |
| BSTZ BlackRock Sci & Tech TRM TR | 1.02% | 148,062 | $2.9M | Add +12.6% |
| MFM Aberdeen Municipal Income | 0.98% | 515,466 | $2.8M | Add +23.5% |
| MUC BlackRock Munihold Ca QLTY | 0.97% | 249,916 | $2.8M | Add +23.7% |
| PEO Adams Natural Resources Fund | 0.95% | 116,965 | $2.7M | Add +0.8% |
| FBP First Bancorp Puerto Rico | 0.93% | 150,604 | $2.6M | Reduce -11.7% |
| DMO Western Asset Mort Def Opp | 0.91% | 219,941 | $2.6M | Reduce -29.3% |
| NFE New Fortress Energy Inc. | 0.90% | 83,602 | $2.6M | Reduce -10.7% |
| XJQCX Nuveen Credit Strategies Inc. | 0.90% | 458,409 | $2.6M | Reduce -12.6% |
| BPOP Popular Inc. | 0.89% | 28,523 | $2.5M | Reduce -4.0% |
| NSLR Neostellar Capital Corp. filed as SURO CAPITAL CORP | 0.87% | 537,651 | $2.4M | Reduce -35.0% |
| CX Cemex Sab-Spons ADR Part Cer | 0.86% | 270,581 | $2.4M | Add +19.9% |
| XDCFX BNYM Alcentra GLBL CRDT 2024 filed as BNY MELLON ALCENTRA GLOBAL C | 0.84% | 276,076 | $2.4M | Add +5.3% |
| MLM Martin Marietta Materials | 0.83% | 3,840 | $2.4M | Reduce -20.7% |
| ADX Adams Diversified Equity | 0.80% | 116,336 | $2.3M | Add +45882.6% |
| XHNWX Pioneer Diversified High | 0.79% | 188,082 | $2.2M | Add +5.5% |
| NEE Nextera Energy Inc. | 0.78% | 34,697 | $2.2M | Reduce -14.7% |
| CLEARBRIDGE MLP AND MIDSTRM | 0.77% | 52,183 | $2.2M | Reduce -31.6% |
| BGB Blackstone Strategic Credit | 0.70% | 167,346 | $2.0M | Reduce -3.2% |
| PLYA Playa Hotels & Resorts NV | 0.69% | 202,058 | $2.0M | Reduce -10.0% |
| STEW SRH Total Return Fund Inc. | 0.68% | 126,905 | $1.9M | Reduce -68.0% |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 0.64% | 45,620 | $1.8M | Add +7415.6% |
| CCIF Carlyle Credit Income Fund | 0.62% | 223,527 | $1.8M | Reduce -40.3% |
| OFG Ofg Bancorp | 0.62% | 47,454 | $1.7M | Add +50.5% |
| CPA Copa Holdings SA Class A | 0.60% | 16,250 | $1.7M | Reduce -11.0% |
| JLS Nuveen Mortgage & Income | 0.59% | 94,005 | $1.7M | Reduce -13.9% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 0.59% | 68,893 | $1.7M | Add +35781.8% |
| LEN Lennar Corp. Class A | 0.57% | 9,450 | $1.6M | Reduce -10.0% |
| PAXS PIMCO Access Income Fund | 0.55% | 98,328 | $1.5M | New |
| XEXGX Eaton Vance Tax-Managed Glob | 0.54% | 187,929 | $1.5M | New |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.53% | 38,412 | $1.5M | No change |
| SABA Saba Capital Income & Opport | 0.53% | 394,572 | $1.5M | New |
| BCAT BlackRock Capital Alloc TR | 0.52% | 88,160 | $1.5M | Add +5085.9% |
| PFN PIMCO Income Strategy FD II | 0.51% | 194,344 | $1.4M | New |
| VMC Vulcan Materials Co. | 0.50% | 5,219 | $1.4M | Reduce -13.3% |
| FMX Fomento Economico Mex-SP ADR | 0.50% | 10,899 | $1.4M | Reduce -10.0% |
| CEFS Saba Opport Hedg Cef ETF-Usd | 0.45% | 60,998 | $1.3M | Reduce -60.9% |
| CCL Carnival Corp. | 0.44% | 76,208 | $1.2M | New |
| RA Brookfield Real Assets Incom | 0.44% | 96,005 | $1.2M | New |
| VAC Marriott Vacations World | 0.43% | 11,174 | $1.2M | Reduce -10.1% |
| ASR Grupo Aeroportuario Sur-ADR | 0.43% | 3,775 | $1.2M | Reduce -9.6% |
| OSW Onespaworld Holdings Ltd. | 0.35% | 74,759 | $989K | Add +74.8% |
| ASLE Aersale Corp. | 0.33% | 129,206 | $928K | No change |
| MQY BlackRock Muniyield Quality | 0.29% | 66,330 | $813K | Reduce -69.0% |
| ESRT Empire State Realty Trust-A | 0.26% | 73,894 | $749K | No change |
| EVTC Evertec Inc. | 0.24% | 16,956 | $677K | No change |
| CXH MFS Investment Grade Muni | 0.23% | 85,704 | $653K | Add +33.0% |
| XCMUX MFS High Yield Municipal TR | 0.23% | 195,489 | $651K | Add +33.1% |
| VFL Abrdn National Municipal Inc. | 0.21% | 56,962 | $590K | Add +46.9% |
| NZF Nuveen Municipal Credit Inc. | 0.18% | 40,445 | $495K | Add +45.6% |
| XENWX Eaton Vance New York Municip | 0.17% | 49,081 | $477K | Add +44.4% |
| SEB Seaboard Corp. | 0.16% | 137 | $442K | No change |
| XMVTX BlackRock Munivest Fund II | 0.14% | 37,196 | $406K | Add +46.1% |
| ASGI Abrdn Global Infrastructure | 0.14% | 22,791 | $405K | Reduce -70.3% |
| ERC Allspring Multi-Sector Inc. | 0.14% | 43,004 | $401K | New |
| RMMZ Rvrnrth MGD Dur Muni Inc. II filed as RIVERNORTH MANAGED DUR MUN I | 0.13% | 23,054 | $372K | Add +44.6% |
| DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC | 0.12% | 48,807 | $333K | Add +45.1% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.12% | 56,737 | $332K | Add +45.4% |
| XBFZX BlackRock Ca Muni Inc. TR | 0.11% | 25,243 | $298K | Add +34.1% |
| GLD SPDR Gold Shares | 0.10% | 1,398 | $288K | No change |
| NAC Nuveen Ca QLTY Muni Inc. | 0.10% | 24,975 | $275K | Add +45.1% |
| FMN Federated Herm Prem Muni Inc. | 0.09% | 23,652 | $262K | Add +40.7% |
| FXY Invesco Currencyshares Japan | 0.09% | 4,198 | $257K | No change |
| KSM DWS Strategic Municipal Inc. | 0.09% | 28,387 | $254K | Add +48.1% |
| VTN Invesco TR for Invest GRD NY | 0.09% | 22,867 | $246K | Add +45.6% |
| BLE BlackRock Muni Inc. TR II | 0.09% | 22,434 | $244K | Add +45.0% |
| KTF DWS Municipal Income Trust | 0.09% | 26,940 | $243K | Add +45.5% |
| VCV Invesco Ca Val Muni Inc. TR | 0.09% | 24,314 | $242K | Add +95.7% |
| TFLO iShares Treasury Floating Ra | 0.08% | 4,469 | $227K | Reduce -50.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 390 | $204K | No change |
| AMX America Movil Sab DE CV | 0.07% | 10,698 | $200K | No change |
| CWCO Consolidated Water Co.-Ord SH | 0.06% | 6,092 | $179K | No change |
| XWIAX Western Asset Infl-Link Sec | 0.06% | 20,900 | $170K | No change |
| CEF Sprott Physical Gold and Sil | 0.06% | 8,000 | $163K | No change |
Other holdings (3): bonds, preferreds, convertibles and warrants · $92K (not counted above)
Total filed on the 13F, all lines: $282.8M.
Portfolio Sells Q4 2023 → Q1 2024
| BRW Saba Capital Income & Opport | Reduce -62.9% | 1.32% | −2.58 |
| STEW SRH Total Return Fund Inc. | Reduce -68.0% | 0.68% | −1.34 |
| MQY BlackRock Muniyield Quality | Reduce -69.0% | 0.29% | −0.67 |
| CEFS Saba Opport Hedg Cef ETF-Usd | Reduce -60.9% | 0.45% | −0.64 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -27.8% | 1.22% | −0.52 |
| PGTI PGT Innovations Inc. | Sold out | 0.00% | −0.48 |
| CCIF Carlyle Credit Income Fund | Reduce -40.3% | 0.62% | −0.47 |
| HERZ Herzfeld Credit Income Fund | Reduce -5.8% | 2.33% | −0.43 |
| NFE New Fortress Energy Inc. | Reduce -10.7% | 0.90% | −0.39 |
| CEM Clearbridge MLP & Midstream | Reduce -32.0% | 1.14% | −0.38 |
| DMO Western Asset Mort Def Opp | Reduce -29.3% | 0.91% | −0.36 |
| ASGI Abrdn Global Infrastructure | Reduce -70.3% | 0.14% | −0.36 |
| NSLR Neostellar Capital Corp. | Reduce -35.0% | 0.87% | −0.33 |
| JPC Nuveen Prefered & Income Opp | Reduce -11.6% | 2.96% | −0.31 |
| OXFORD LANE CAP CORP | Sold out | 0.00% | −0.30 |
| CLEARBRIDGE MLP AND MIDSTRM | Reduce -31.6% | 0.77% | −0.25 |
| EDD Morgan Stanley Emrg MRK Dom | Reduce -98.7% | 0.00% | −0.17 |
| SUB iShares Short-Term National | Sold out | 0.00% | −0.16 |
| INSIGHT SELECT INCOME FUND | Sold out | 0.00% | −0.13 |
| NEE Nextera Energy Inc. | Reduce -14.7% | 0.78% | −0.12 |
| CPA Copa Holdings SA Class A | Reduce -11.0% | 0.60% | −0.11 |
| XJQCX Nuveen Credit Strategies Inc. | Reduce -12.6% | 0.90% | −0.10 |
| FBP First Bancorp Puerto Rico | Reduce -11.7% | 0.93% | −0.10 |
| JLS Nuveen Mortgage & Income | Reduce -13.9% | 0.59% | −0.09 |
| TFLO iShares Treasury Floating Ra | Reduce -50.0% | 0.08% | −0.09 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -64.4% | 0.04% | −0.08 |
| USFR Wisdomtree Floating Rate Tre | Reduce -80.7% | 0.02% | −0.08 |
| FMX Fomento Economico Mex-SP ADR | Reduce -10.0% | 0.50% | −0.08 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -8.4% | 1.34% | −0.08 |
| MLM Martin Marietta Materials | Reduce -20.7% | 0.83% | −0.05 |
| TBLD Thornburg Income Builder Opp | Reduce -2.9% | 1.17% | −0.03 |
| ASR Grupo Aeroportuario Sur-ADR | Reduce -9.6% | 0.43% | −0.03 |
| PLYA Playa Hotels & Resorts NV | Reduce -10.0% | 0.69% | −0.02 |
| BGB Blackstone Strategic Credit | Reduce -3.2% | 0.70% | −0.01 |
| GAM General American Investors | Reduce -85.2% | 0.00% | −0.01 |
| GRX Gabelli Healthcare & Well | Sold out | 0.00% | −0.01 |
| NMAI Nuveen Multi-Asset Income | Sold out | 0.00% | −0.01 |
| XGDVX Gabelli Dividend & Income TR | Reduce -80.6% | 0.00% | −0.01 |
| JRI Nuveen Real Asset Inc. & GRW | Sold out | 0.00% | −0.01 |
| ECAT BlackRock ESG Cap All TRM TR | Reduce -69.9% | 0.00% | −0.01 |
| BPOP Popular Inc. | Reduce -4.0% | 0.89% | −0.01 |
| WIW Western Asst Infl-LNK Opp | Reduce -19.2% | 0.02% | −0.01 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Sold out | 0.00% | −0.00 |
| BMEZ BlackRock HLTH Sci TRM TR II | Sold out | 0.00% | −0.00 |
| HQL Abrdn Life Sciences Investor | Sold out | 0.00% | −0.00 |
| GGZ Gabelli Global Small & M | Reduce -58.7% | 0.00% | −0.00 |
| EMF Templeton Emerging Markets | Reduce -58.0% | 0.00% | −0.00 |
| ISD Pgim High Yield Bond Fund | Sold out | 0.00% | −0.00 |
| CHPT Chargepoint Holdings Inc. | Sold out | 0.00% | −0.00 |
| QSR Restaurant Brands Intern | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| NPFD Nuveen Var RT Pref & Inc. | Add +509.6% | 1.03% | +0.87 |
| ADX Adams Diversified Equity | Add +45882.6% | 0.80% | +0.80 |
| PDX PIMCO Dynamic Income Strat | Add +7.5% | 10.00% | +0.68 |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | Add +7415.6% | 0.64% | +0.63 |
| JFR Nuveen Floating Rate Income | Add +27.9% | 2.65% | +0.62 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Add +35781.8% | 0.59% | +0.59 |
| PAXS PIMCO Access Income Fund | New | 0.55% | +0.55 |
| XEXGX Eaton Vance Tax-Managed Glob | New | 0.54% | +0.54 |
| SABA Saba Capital Income & Opport | New | 0.53% | +0.53 |
| DMA Destra Multi-Alternative | Add +4.3% | 2.57% | +0.53 |
| PFN PIMCO Income Strategy FD II | New | 0.51% | +0.51 |
| BCAT BlackRock Capital Alloc TR | Add +5085.9% | 0.52% | +0.51 |
| CCL Carnival Corp. | New | 0.44% | +0.44 |
| RA Brookfield Real Assets Incom | New | 0.44% | +0.44 |
| OCCI Ofs Credit Company Inc. | Add +2.0% | 3.30% | +0.27 |
| RFMZ Rivernorth Flex Muni II | Add +26.9% | 1.12% | +0.27 |
| FSCO FS Credit Opportunities Corp. | Add +2.2% | 8.36% | +0.24 |
| CX Cemex Sab-Spons ADR Part Cer | Add +19.9% | 0.86% | +0.22 |
| MTZ Mastec Inc. | Add +3.9% | 1.15% | +0.22 |
| BSTZ BlackRock Sci & Tech TRM TR | Add +12.6% | 1.02% | +0.21 |
| MFM Aberdeen Municipal Income | Add +23.5% | 0.98% | +0.19 |
| OFG Ofg Bancorp | Add +50.5% | 0.62% | +0.18 |
| NAD Nuveen Quality Municipal Inc. | Add +25.4% | 1.02% | +0.18 |
| CLM Cornerstone Strategic Invest | Add +4.5% | 3.28% | +0.16 |
| NCLH Norwegian Cruise Line Holdin | Add +11.1% | 1.53% | +0.16 |
| MUC BlackRock Munihold Ca QLTY | Add +23.7% | 0.97% | +0.15 |
| ERC Allspring Multi-Sector Inc. | New | 0.14% | +0.14 |
| LDP Cohen & Steers Limited Durat | Add +8.2% | 1.12% | +0.13 |
| OSW Onespaworld Holdings Ltd. | Add +74.8% | 0.35% | +0.13 |
| NBXG Neuberger Next Generation Co. | Add +6.2% | 1.22% | +0.11 |
| CRF Cornerstone Total Return | Add +5.8% | 1.35% | +0.11 |
| XHNWX Pioneer Diversified High | Add +5.5% | 0.79% | +0.09 |
| XTPZX Tortoise Power & Enrgy Infra | Add +0.2% | 1.26% | +0.09 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +6.6% | 1.23% | +0.09 |
| PEO Adams Natural Resources Fund | Add +0.8% | 0.95% | +0.07 |
| VFL Abrdn National Municipal Inc. | Add +46.9% | 0.21% | +0.06 |
| XDCFX BNYM Alcentra GLBL CRDT 2024 | Add +5.3% | 0.84% | +0.06 |
| NZF Nuveen Municipal Credit Inc. | Add +45.6% | 0.18% | +0.05 |
| CXH MFS Investment Grade Muni | Add +33.0% | 0.23% | +0.05 |
| XCMUX MFS High Yield Municipal TR | Add +33.1% | 0.23% | +0.05 |
| XENWX Eaton Vance New York Municip | Add +44.4% | 0.17% | +0.05 |
| XMVTX BlackRock Munivest Fund II | Add +46.1% | 0.14% | +0.04 |
| VCV Invesco Ca Val Muni Inc. TR | Add +95.7% | 0.09% | +0.04 |
| RMMZ Rvrnrth MGD Dur Muni Inc. II | Add +44.6% | 0.13% | +0.04 |
| DMF BNYM Municipal Income | Add +45.1% | 0.12% | +0.04 |
| DSM BNYM Strat Muni BND | Add +45.4% | 0.12% | +0.04 |
| KSM DWS Strategic Municipal Inc. | Add +48.1% | 0.09% | +0.03 |
| NAC Nuveen Ca QLTY Muni Inc. | Add +45.1% | 0.10% | +0.03 |
| VTN Invesco TR for Invest GRD NY | Add +45.6% | 0.09% | +0.03 |
| KTF DWS Municipal Income Trust | Add +45.5% | 0.09% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 123 | $325.7M | FSSL, PDX, FSCO, HFRO, GOF |
| Q1 2026 | 110 | $294.0M | FSSL, PDX, FSCO, HFRO, HERZ |
| Q4 2025 | 104 | $295.6M | FSSL, PDX, HFRO, SABA, HERZ |
| Q3 2025 | 101 | $291.7M | PDX, HFRO, SABA, HERZ, PAAA |
| Q2 2025 | 105 | $280.4M | PDX, FSCO, HERZ, SABA, HFRO |
| Q1 2025 | 125 | $293.9M | PDX, FSCO, HERZ, SABA, HFRO |
| Q4 2024 | 144 | $311.9M | PDX, FSCO, HFRO, SABA, NPFD |
| Q3 2024 | 151 | $300.2M | PDX, FSCO, HFRO, NPFD, PCF |
| Q2 2024 | 234 | $285.0M | PDX, FSCO, HFRO, NPFD, SPMC |
| Q1 2024 | 148 | $282.7M | PDX, FSCO, HFRO, NXDT, OCCI |