Thomas J. Herzfeld Advisors, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Thomas J. Herzfeld Advisors, Inc. reported 234 stock positions worth $285.0 million. Its top holding was PIMCO Dynamic Income Strat (PDX) at 11.9% of the portfolio, followed by FS Credit Opportunities (FSCO, 8.1%) and Highland Opport & Income (HFRO, 7.2%). Compared with Q1 2024, it opened 95 new positions, sold out of 9, added to 61 and reduced 39. The biggest buy was a new position in Sound Point Meridian Capital (SPMC) and the biggest sale Nexpoint Diversified Real Es (NXDT, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI BEACH, FL
- CIK
- 0001509510
- Portfolio Value
- $285.0M (Q2 2024)
- SEC Filing
- 0001398344-24-014510 ↗ filed Aug 13, 2024
Holdings Value
Holdings 234 stocks · $285.0M
| PDX PIMCO Dynamic Income Strat | 11.92% | 1,524,529 | $34.0M | Add +14.3% |
| FSCO FS Credit Opportunities Corp. | 8.11% | 3,627,460 | $23.1M | Reduce -9.0% |
| HFRO Highland Opport & Income | 7.17% | 3,270,191 | $20.4M | Add +4.3% |
| NPFD Nuveen Var RT Pref & Inc. | 3.81% | 590,664 | $10.9M | Add +263.7% |
| SPMC Sound Point Meridian Capital | 3.09% | 440,094 | $8.8M | New |
| CLM Cornerstone Strategic Invest | 3.03% | 1,123,335 | $8.6M | Reduce -9.0% |
| JPC Nuveen Prefered & Income Opp | 2.75% | 1,050,552 | $7.8M | Reduce -9.8% |
| JFR Nuveen Floating Rate Income | 2.30% | 759,380 | $6.6M | Reduce -11.4% |
| HERZ Herzfeld Credit Income Fund | 2.00% | 2,429,946 | $5.7M | Reduce -4.4% |
| DMA Destra Multi-Alternative | 1.99% | 701,762 | $5.7M | Reduce -24.5% |
| NBXG Neuberger Next Generation Co. | 1.70% | 375,656 | $4.8M | Add +28.4% |
| NCLH Norwegian Cruise Line Holdin | 1.60% | 243,207 | $4.6M | Add +17.4% |
| BSTZ BlackRock Sci & Tech TRM TR | 1.53% | 219,390 | $4.4M | Add +48.2% |
| PAXS PIMCO Access Income Fund | 1.46% | 262,737 | $4.2M | Add +167.2% |
| RCL Royal Caribbean Cruises Ltd. | 1.42% | 25,348 | $4.0M | Reduce -7.3% |
| XTPZX Tortoise Power & Enrgy Infra | 1.37% | 246,698 | $3.9M | Add +8.0% |
| MTZ Mastec Inc. | 1.31% | 34,872 | $3.7M | No change |
| RA Brookfield Real Assets Incom | 1.28% | 285,673 | $3.6M | Add +197.6% |
| CET Central Securities Corp. | 1.28% | 82,736 | $3.6M | Reduce -5.5% |
| SABA Saba Capital Income & Opp II | 1.27% | 462,523 | $3.6M | Add +134.4% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 1.24% | 253,231 | $3.5M | Add +7.2% |
| RFMZ Rivernorth Flex Muni II | 1.23% | 247,119 | $3.5M | Add +9.2% |
| LDP Cohen & Steers Limited Durat | 1.18% | 168,996 | $3.4M | Add +7.0% |
| BCAT BlackRock Capital Alloc TR | 1.17% | 203,640 | $3.3M | Add +131.0% |
| TBLD Thornburg Income Builder Opp | 1.09% | 192,488 | $3.1M | Reduce -5.8% |
| XNDPX Tortoise Energy Independence | 1.07% | 84,389 | $3.1M | Reduce -5.3% |
| FTF Franklin Ltd. Dur Inc. TR | 1.04% | 469,366 | $3.0M | Reduce -14.7% |
| NSLR Neostellar Capital Corp. filed as SURO CAPITAL CORP | 1.04% | 738,208 | $3.0M | Add +37.3% |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 1.03% | 66,993 | $2.9M | Add +46.9% |
| MUC BlackRock Munihold Ca QLTY | 1.03% | 265,027 | $2.9M | Add +6.0% |
| MFM Aberdeen Municipal Income | 1.03% | 538,220 | $2.9M | Add +4.4% |
| PFN PIMCO Income Strategy FD II | 0.97% | 385,466 | $2.8M | Add +98.3% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 0.97% | 109,920 | $2.8M | Add +59.5% |
| PEO Adams Natural Resources Fund | 0.92% | 111,449 | $2.6M | Reduce -4.7% |
| XEXGX Eaton Vance Tax-Managed Glob | 0.90% | 303,572 | $2.6M | Add +61.5% |
| NAD Nuveen Quality Municipal Inc. | 0.88% | 212,609 | $2.5M | Reduce -15.3% |
| ADX Adams Diversified Equity | 0.81% | 107,345 | $2.3M | Reduce -7.7% |
| NEE Nextera Energy Inc. | 0.79% | 31,697 | $2.2M | Reduce -8.7% |
| XHNWX Pioneer Diversified High | 0.75% | 182,487 | $2.1M | Reduce -3.0% |
| MLM Martin Marietta Materials | 0.73% | 3,840 | $2.1M | No change |
| BGB Blackstone Strategic Credit | 0.72% | 172,840 | $2.1M | Add +3.3% |
| XTTPX Tortoise Pipeline & Energy | 0.71% | 56,306 | $2.0M | Add +1527.3% |
| ECC Eagle Point Credit Co. | 0.71% | 200,601 | $2.0M | New |
| EMO Clearbridge Energy Midstream | 0.71% | 48,766 | $2.0M | New |
| OFG Ofg Bancorp | 0.70% | 53,454 | $2.0M | Add +12.6% |
| XDCFX BNYM Alcentra GLBL CRDT 2024 filed as BNY MELLON ALCENTRA GLOBAL C | 0.69% | 222,344 | $2.0M | Reduce -19.5% |
| NFE New Fortress Energy Inc. | 0.64% | 83,602 | $1.8M | No change |
| PLYA Playa Hotels & Resorts NV | 0.59% | 202,058 | $1.7M | No change |
| BPOP Popular Inc. | 0.58% | 18,598 | $1.6M | Reduce -34.8% |
| FBP First Bancorp Puerto Rico | 0.57% | 88,690 | $1.6M | Reduce -41.1% |
| TYG Tortoise Energy Infrastruct | 0.57% | 46,285 | $1.6M | New |
| CCL Carnival Corp. | 0.54% | 82,700 | $1.5M | Add +8.5% |
| CPA Copa Holdings SA Class A | 0.54% | 16,250 | $1.5M | No change |
| OSW Onespaworld Holdings Ltd. | 0.51% | 94,570 | $1.5M | Add +26.5% |
| JLS Nuveen Mortgage & Income | 0.50% | 79,374 | $1.4M | Reduce -15.6% |
| LEN Lennar Corp. Class A | 0.50% | 9,450 | $1.4M | No change |
| DMO Western Asset Mort Def Opp | 0.49% | 117,691 | $1.4M | Reduce -46.5% |
| CRF Cornerstone Total Return | 0.47% | 169,724 | $1.3M | Reduce -66.7% |
| VMC Vulcan Materials Co. | 0.46% | 5,219 | $1.3M | No change |
| FMX Fomento Economico Mex-SP ADR | 0.41% | 10,899 | $1.2M | No change |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.40% | 38,412 | $1.2M | No change |
| ERC Allspring Multi-Sector Inc. | 0.39% | 122,527 | $1.1M | Add +184.9% |
| OCCI Ofs Credit Company Inc. | 0.39% | 152,580 | $1.1M | Reduce -88.3% |
| CX Cemex Sab-Spons ADR Part Cer | 0.35% | 155,581 | $994K | Reduce -42.5% |
| VAC Marriott Vacations World | 0.34% | 11,174 | $976K | No change |
| DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC | 0.33% | 130,489 | $938K | Add +167.4% |
| PCF High Income Securities Fund | 0.32% | 129,658 | $906K | New |
| ASR Grupo Aeroportuario Sur-ADR | 0.29% | 2,775 | $831K | Reduce -26.5% |
| VFL Abrdn National Municipal Inc. | 0.27% | 73,065 | $772K | Add +28.3% |
| ESRT Empire State Realty Trust-A | 0.24% | 73,894 | $693K | No change |
| XENWX Eaton Vance New York Municip | 0.21% | 59,764 | $589K | Add +21.8% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.21% | 98,495 | $585K | Add +73.6% |
| EVTC Evertec Inc. | 0.20% | 16,956 | $564K | No change |
| CXH MFS Investment Grade Muni | 0.19% | 69,631 | $550K | Reduce -18.8% |
| XCMUX MFS High Yield Municipal TR | 0.19% | 158,383 | $543K | Reduce -19.0% |
| NZF Nuveen Municipal Credit Inc. | 0.19% | 43,472 | $537K | Add +7.5% |
| XMVTX BlackRock Munivest Fund II | 0.19% | 48,568 | $537K | Add +30.6% |
| XMUIX BlackRock Municipal Income | 0.19% | 43,206 | $533K | New |
| XPCKX PIMCO California Municipa II | 0.19% | 90,380 | $529K | New |
| CLEARBRIDGE MLP AND MIDSTRM | 0.18% | 12,420 | $505K | Reduce -76.2% |
| VTN Invesco TR for Invest GRD NY | 0.16% | 40,249 | $452K | Add +76.0% |
| SEB Seaboard Corp. | 0.15% | 137 | $433K | No change |
| FMN Federated Herm Prem Muni Inc. | 0.14% | 35,088 | $401K | Add +48.4% |
| CEFS Saba Opport Hedg Cef ETF-Usd | 0.14% | 18,401 | $392K | Reduce -69.8% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.13% | 32,037 | $369K | Add +28.3% |
| NMCO Nuveen Municipal Credit Opp | 0.13% | 32,401 | $357K | New |
| VCV Invesco Ca Val Muni Inc. TR | 0.11% | 31,080 | $324K | Add +27.8% |
| BLE BlackRock Muni Inc. TR II | 0.11% | 29,094 | $315K | Add +29.7% |
| GLD SPDR Gold Shares | 0.11% | 1,398 | $301K | No change |
| VGM Invesco Trust for Investmen | 0.10% | 28,352 | $291K | New |
| AAPL Apple Inc. | 0.10% | 1,330 | $280K | New |
| RMMZ Rvrnrth MGD Dur Muni Inc. II filed as RIVERNORTH MANAGED DUR MUN I | 0.09% | 16,378 | $266K | Reduce -29.0% |
| FXY Invesco Currencyshares Japan | 0.08% | 4,198 | $241K | No change |
| TFLO iShares Treasury Floating Ra | 0.08% | 4,469 | $226K | No change |
| NXDT Nexpoint Diversified Real Es | 0.08% | 40,580 | $224K | Reduce -97.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 390 | $212K | No change |
| XBFZX BlackRock Ca Muni Inc. TR | 0.07% | 17,597 | $211K | Reduce -30.3% |
| AMX America Movil Sab DE CV | 0.06% | 10,698 | $182K | No change |
| STEW SRH Total Return Fund Inc. | 0.06% | 12,334 | $179K | Reduce -90.3% |
| CEF Sprott Physical Gold and Sil | 0.06% | 8,000 | $176K | No change |
Other holdings (4): bonds, preferreds, convertibles and warrants · $99K (not counted above)
Total filed on the 13F, all lines: $285.1M.
Portfolio Sells Q1 2024 → Q2 2024
| NXDT Nexpoint Diversified Real Es | Reduce -97.1% | 0.08% | −3.23 |
| OCCI Ofs Credit Company Inc. | Reduce -88.3% | 0.39% | −2.91 |
| BRW Saba Capital Income & Opport | Sold out | 0.00% | −1.32 |
| CEM Clearbridge MLP & Midstream | Sold out | 0.00% | −1.14 |
| CRF Cornerstone Total Return | Reduce -66.7% | 0.47% | −0.89 |
| XJQCX Nuveen Credit Strategies Inc. | Reduce -97.0% | 0.03% | −0.88 |
| CCIF Carlyle Credit Income Fund | Sold out | 0.00% | −0.62 |
| STEW SRH Total Return Fund Inc. | Reduce -90.3% | 0.06% | −0.61 |
| CLEARBRIDGE MLP AND MIDSTRM | Reduce -76.2% | 0.18% | −0.59 |
| DMA Destra Multi-Alternative | Reduce -24.5% | 1.99% | −0.58 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -42.5% | 0.35% | −0.51 |
| DMO Western Asset Mort Def Opp | Reduce -46.5% | 0.49% | −0.42 |
| FBP First Bancorp Puerto Rico | Reduce -41.1% | 0.57% | −0.37 |
| JFR Nuveen Floating Rate Income | Reduce -11.4% | 2.30% | −0.34 |
| HERZ Herzfeld Credit Income Fund | Reduce -4.4% | 2.00% | −0.32 |
| BPOP Popular Inc. | Reduce -34.8% | 0.58% | −0.31 |
| CEFS Saba Opport Hedg Cef ETF-Usd | Reduce -69.8% | 0.14% | −0.31 |
| MQY BlackRock Muniyield Quality | Sold out | 0.00% | −0.29 |
| ASLE Aersale Corp. | Reduce -83.2% | 0.05% | −0.28 |
| FSCO FS Credit Opportunities Corp. | Reduce -9.0% | 8.11% | −0.26 |
| CLM Cornerstone Strategic Invest | Reduce -9.0% | 3.03% | −0.25 |
| JPC Nuveen Prefered & Income Opp | Reduce -9.8% | 2.75% | −0.21 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -14.7% | 1.04% | −0.18 |
| XDCFX BNYM Alcentra GLBL CRDT 2024 | Reduce -19.5% | 0.69% | −0.15 |
| NAD Nuveen Quality Municipal Inc. | Reduce -15.3% | 0.88% | −0.14 |
| ASGI Abrdn Global Infrastructure | Reduce -98.4% | 0.00% | −0.14 |
| ASR Grupo Aeroportuario Sur-ADR | Reduce -26.5% | 0.29% | −0.13 |
| KSM DWS Strategic Municipal Inc. | Sold out | 0.00% | −0.09 |
| JLS Nuveen Mortgage & Income | Reduce -15.6% | 0.50% | −0.09 |
| KTF DWS Municipal Income Trust | Sold out | 0.00% | −0.09 |
| TBLD Thornburg Income Builder Opp | Reduce -5.8% | 1.09% | −0.08 |
| XHNWX Pioneer Diversified High | Reduce -3.0% | 0.75% | −0.04 |
| XCMUX MFS High Yield Municipal TR | Reduce -19.0% | 0.19% | −0.04 |
| RMMZ Rvrnrth MGD Dur Muni Inc. II | Reduce -29.0% | 0.09% | −0.04 |
| CXH MFS Investment Grade Muni | Reduce -18.8% | 0.19% | −0.04 |
| XBFZX BlackRock Ca Muni Inc. TR | Reduce -30.3% | 0.07% | −0.03 |
| PEO Adams Natural Resources Fund | Reduce -4.7% | 0.92% | −0.03 |
| CET Central Securities Corp. | Reduce -5.5% | 1.28% | −0.02 |
| USFR Wisdomtree Floating Rate Tre | Reduce -51.3% | 0.01% | −0.01 |
| PCEF Invesco Cef Income Composite | Sold out | 0.00% | −0.01 |
| GGZ Gabelli Global Small & M | Sold out | 0.00% | −0.00 |
| EMF Templeton Emerging Markets | Sold out | 0.00% | −0.00 |
| ZTR Virtus Total Return Fund Inc. | Reduce -24.8% | 0.00% | −0.00 |
| AEF Abrdn Emerging Markets Ex CH | Reduce -1.2% | 0.00% | +0.00 |
| NEE Nextera Energy Inc. | Reduce -8.7% | 0.79% | +0.00 |
| ADX Adams Diversified Equity | Reduce -7.7% | 0.81% | +0.01 |
| XNDPX Tortoise Energy Independence | Reduce -5.3% | 1.07% | +0.01 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -7.3% | 1.42% | +0.07 |
Portfolio Buys Q1 2024 → Q2 2024
| SPMC Sound Point Meridian Capital | New | 3.09% | +3.09 |
| NPFD Nuveen Var RT Pref & Inc. | Add +263.7% | 3.81% | +2.78 |
| PDX PIMCO Dynamic Income Strat | Add +14.3% | 11.92% | +1.92 |
| PAXS PIMCO Access Income Fund | Add +167.2% | 1.46% | +0.91 |
| RA Brookfield Real Assets Incom | Add +197.6% | 1.28% | +0.84 |
| SABA Saba Capital Income & Opp II | Add +134.4% | 1.27% | +0.73 |
| ECC Eagle Point Credit Co. | New | 0.71% | +0.71 |
| EMO Clearbridge Energy Midstream | New | 0.71% | +0.71 |
| XTTPX Tortoise Pipeline & Energy | Add +1527.3% | 0.71% | +0.68 |
| BCAT BlackRock Capital Alloc TR | Add +131.0% | 1.17% | +0.65 |
| TYG Tortoise Energy Infrastruct | New | 0.57% | +0.57 |
| BSTZ BlackRock Sci & Tech TRM TR | Add +48.2% | 1.53% | +0.52 |
| NBXG Neuberger Next Generation Co. | Add +28.4% | 1.70% | +0.49 |
| PFN PIMCO Income Strategy FD II | Add +98.3% | 0.97% | +0.46 |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | Add +46.9% | 1.03% | +0.39 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Add +59.5% | 0.97% | +0.38 |
| XEXGX Eaton Vance Tax-Managed Glob | Add +61.5% | 0.90% | +0.36 |
| PCF High Income Securities Fund | New | 0.32% | +0.32 |
| ERC Allspring Multi-Sector Inc. | Add +184.9% | 0.39% | +0.24 |
| DMF BNYM Municipal Income | Add +167.4% | 0.33% | +0.21 |
| XMUIX BlackRock Municipal Income | New | 0.19% | +0.19 |
| XPCKX PIMCO California Municipa II | New | 0.19% | +0.19 |
| NSLR Neostellar Capital Corp. | Add +37.3% | 1.04% | +0.17 |
| OSW Onespaworld Holdings Ltd. | Add +26.5% | 0.51% | +0.16 |
| NMCO Nuveen Municipal Credit Opp | New | 0.13% | +0.13 |
| XTPZX Tortoise Power & Enrgy Infra | Add +8.0% | 1.37% | +0.11 |
| RFMZ Rivernorth Flex Muni II | Add +9.2% | 1.23% | +0.10 |
| CCL Carnival Corp. | Add +8.5% | 0.54% | +0.10 |
| VGM Invesco Trust for Investmen | New | 0.10% | +0.10 |
| AAPL Apple Inc. | New | 0.10% | +0.10 |
| DSM BNYM Strat Muni BND | Add +73.6% | 0.21% | +0.09 |
| OFG Ofg Bancorp | Add +12.6% | 0.70% | +0.08 |
| VTN Invesco TR for Invest GRD NY | Add +76.0% | 0.16% | +0.07 |
| NCLH Norwegian Cruise Line Holdin | Add +17.4% | 1.60% | +0.07 |
| VFL Abrdn National Municipal Inc. | Add +28.3% | 0.27% | +0.06 |
| MUC BlackRock Munihold Ca QLTY | Add +6.0% | 1.03% | +0.06 |
| LDP Cohen & Steers Limited Durat | Add +7.0% | 1.18% | +0.06 |
| AIO Virtus Artific Intel & Tech | New | 0.05% | +0.05 |
| MFM Aberdeen Municipal Income | Add +4.4% | 1.03% | +0.05 |
| FMN Federated Herm Prem Muni Inc. | Add +48.4% | 0.14% | +0.05 |
| XMVTX BlackRock Munivest Fund II | Add +30.6% | 0.19% | +0.04 |
| BMEZ BlackRock HLTH Sci TRM TR II | New | 0.04% | +0.04 |
| XENWX Eaton Vance New York Municip | Add +21.8% | 0.21% | +0.04 |
| NAC Nuveen Ca QLTY Muni Inc. | Add +28.3% | 0.13% | +0.03 |
| VCV Invesco Ca Val Muni Inc. TR | Add +27.8% | 0.11% | +0.03 |
| BLE BlackRock Muni Inc. TR II | Add +29.7% | 0.11% | +0.02 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +7.2% | 1.24% | +0.02 |
| XTEAX Tortoise Sust&social Imp Ter | Add +57.7% | 0.05% | +0.02 |
| BGB Blackstone Strategic Credit | Add +3.3% | 0.72% | +0.02 |
| NZF Nuveen Municipal Credit Inc. | Add +7.5% | 0.19% | +0.01 |
Notes & Other Activity Q1 2024 → Q2 2024
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | Add +10.2% | 32,771 | $75K |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | New | 12,307 | $18K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |