Thomas J. Herzfeld Advisors, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Thomas J. Herzfeld Advisors, Inc. reported 151 stock positions worth $300.2 million. Its top holding was PIMCO Dynamic Income Strat (PDX) at 12.0% of the portfolio, followed by FS Credit Opportunities (FSCO, 9.1%) and Highland Opport & Income (HFRO, 6.2%). Compared with Q2 2024, it opened 15 new positions, sold out of 98, added to 57 and reduced 35. The biggest buy was High Income Securities Fund (PCF, shares +1114%) and the biggest sale Nuveen Prefered & Income Opp (JPC, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI BEACH, FL
- CIK
- 0001509510
- Portfolio Value
- $300.2M (Q3 2024)
- SEC Filing
- 0001398344-24-020507 ↗ filed Nov 12, 2024
Holdings Value
Holdings 151 stocks · $300.2M
| PDX PIMCO Dynamic Income Strat | 12.05% | 1,533,137 | $36.2M | Add +0.6% |
| FSCO FS Credit Opportunities Corp. | 9.08% | 4,292,358 | $27.3M | Add +18.3% |
| HFRO Highland Opport & Income | 6.17% | 3,019,455 | $18.5M | Reduce -7.7% |
| NPFD Nuveen Var RT Pref & Inc. | 4.01% | 634,969 | $12.0M | Add +7.5% |
| PCF High Income Securities Fund | 3.58% | 1,574,349 | $10.8M | Add +1114.2% |
| SPMC Sound Point Meridian Capital | 2.78% | 421,699 | $8.3M | Reduce -4.2% |
| CLM Cornerstone Strategic Invest | 1.93% | 756,291 | $5.8M | Reduce -32.7% |
| DMA Destra Multi-Alternative | 1.93% | 669,203 | $5.8M | Reduce -4.6% |
| HERZ Herzfeld Credit Income Fund | 1.91% | 2,532,115 | $5.7M | Add +4.2% |
| JFR Nuveen Floating Rate Income | 1.90% | 648,025 | $5.7M | Reduce -14.7% |
| PAXS PIMCO Access Income Fund | 1.69% | 305,530 | $5.1M | Add +16.3% |
| NCLH Norwegian Cruise Line Holdin | 1.66% | 243,207 | $5.0M | No change |
| SABA Saba Capital Income & Opp II | 1.62% | 570,087 | $4.9M | Add +23.3% |
| NBXG Neuberger Next Generation Co. | 1.54% | 360,412 | $4.6M | Reduce -4.1% |
| JPC Nuveen Prefered & Income Opp | 1.52% | 563,822 | $4.6M | Reduce -46.3% |
| NSLR Neostellar Capital Corp. filed as SURO CAPITAL CORP | 1.46% | 1,088,510 | $4.4M | Add +47.5% |
| BSTZ BlackRock Sci & Tech TRM TR | 1.46% | 227,639 | $4.4M | Add +3.8% |
| RCL Royal Caribbean Cruises Ltd. | 1.44% | 24,348 | $4.3M | Reduce -4.0% |
| MTZ Mastec Inc. | 1.43% | 34,872 | $4.3M | No change |
| RA Brookfield Real Assets Incom | 1.41% | 309,471 | $4.2M | Add +8.3% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 1.33% | 268,086 | $4.0M | Add +5.9% |
| TYG Tortoise Energy Infrastruct | 1.29% | 99,054 | $3.9M | Add +114.0% |
| XFFCX Flaherty & Crumrine Pref Inc. | 1.25% | 229,127 | $3.8M | New |
| CET Central Securities Corp. | 1.25% | 81,851 | $3.8M | Reduce -1.1% |
| RFMZ Rivernorth Flex Muni II | 1.23% | 253,669 | $3.7M | Add +2.6% |
| LDP Cohen & Steers Limited Durat | 1.21% | 166,960 | $3.6M | Reduce -1.2% |
| BCAT BlackRock Capital Alloc TR | 1.17% | 213,860 | $3.5M | Add +5.0% |
| EMO Clearbridge Energy Midstream | 1.14% | 81,031 | $3.4M | Add +66.2% |
| TBLD Thornburg Income Builder Opp | 1.12% | 189,418 | $3.4M | Reduce -1.6% |
| MFM Aberdeen Municipal Income | 1.04% | 547,602 | $3.1M | Add +1.7% |
| PFN PIMCO Income Strategy FD II | 1.01% | 399,172 | $3.0M | Add +3.6% |
| XTPZX Tortoise Power & Enrgy Infra | 1.01% | 167,772 | $3.0M | Reduce -32.0% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 0.95% | 113,701 | $2.9M | Add +3.4% |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 0.95% | 64,926 | $2.9M | Reduce -3.1% |
| FTF Franklin Ltd. Dur Inc. TR | 0.92% | 412,154 | $2.7M | Reduce -12.2% |
| KYN Kayne Anderson Energy Infra | 0.90% | 245,557 | $2.7M | New |
| XEXGX Eaton Vance Tax-Managed Glob | 0.89% | 307,690 | $2.7M | Add +1.4% |
| MUC BlackRock Munihold Ca QLTY | 0.86% | 223,827 | $2.6M | Reduce -15.6% |
| XNDPX Tortoise Energy Independence | 0.80% | 63,784 | $2.4M | Reduce -24.4% |
| OFG Ofg Bancorp | 0.80% | 53,454 | $2.4M | No change |
| NEE Nextera Energy Inc. | 0.75% | 26,697 | $2.3M | Reduce -15.8% |
| NAD Nuveen Quality Municipal Inc. | 0.73% | 178,003 | $2.2M | Reduce -16.3% |
| MLM Martin Marietta Materials | 0.69% | 3,840 | $2.1M | No change |
| FBP First Bancorp Puerto Rico | 0.63% | 88,690 | $1.9M | No change |
| BGB Blackstone Strategic Credit | 0.62% | 152,231 | $1.9M | Reduce -11.9% |
| BPOP Popular Inc. | 0.62% | 18,598 | $1.9M | No change |
| LEN Lennar Corp. Class A | 0.59% | 9,450 | $1.8M | No change |
| ADX Adams Diversified Equity | 0.56% | 77,883 | $1.7M | Reduce -27.4% |
| PLYA Playa Hotels & Resorts NV | 0.52% | 202,058 | $1.6M | No change |
| OSW Onespaworld Holdings Ltd. | 0.52% | 94,570 | $1.6M | No change |
| CCL Carnival Corp. | 0.51% | 82,700 | $1.5M | No change |
| JLS Nuveen Mortgage & Income | 0.50% | 80,859 | $1.5M | Add +1.9% |
| DMO Western Asset Mort Def Opp | 0.49% | 123,469 | $1.5M | Add +4.9% |
| XTEAX Tortoise Sust&social Imp Ter filed as ECOFIN SUSTAINABLE AND SOCIA | 0.49% | 112,962 | $1.5M | Add +802.2% |
| CPA Copa Holdings SA Class A | 0.48% | 15,250 | $1.4M | Reduce -6.2% |
| XPHTX Pioneer High Income Fund | 0.46% | 172,124 | $1.4M | New |
| FMX Fomento Economico Mex-SP ADR | 0.46% | 13,899 | $1.4M | Add +27.5% |
| VMC Vulcan Materials Co. | 0.44% | 5,219 | $1.3M | No change |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.43% | 48,412 | $1.3M | Add +26.0% |
| XHNWX Pioneer Diversified High | 0.42% | 101,600 | $1.2M | Reduce -44.3% |
| ERC Allspring Multi-Sector Inc. | 0.41% | 129,426 | $1.2M | Add +5.6% |
| ECC Eagle Point Credit Co. | 0.41% | 124,399 | $1.2M | Reduce -38.0% |
| NFE New Fortress Energy Inc. | 0.40% | 133,602 | $1.2M | Add +59.8% |
| JAAA Janus Henderson Aaa Clo ETF | 0.32% | 18,773 | $955K | New |
| CX Cemex Sab-Spons ADR Part Cer | 0.32% | 155,581 | $949K | No change |
| ESRT Empire State Realty Trust-A | 0.27% | 73,894 | $819K | No change |
| NZF Nuveen Municipal Credit Inc. | 0.27% | 62,375 | $817K | Add +43.5% |
| NMCO Nuveen Municipal Credit Opp | 0.27% | 69,305 | $809K | Add +113.9% |
| ASR Grupo Aeroportuario Sur-ADR | 0.26% | 2,775 | $785K | No change |
| DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC | 0.23% | 93,701 | $685K | Reduce -28.2% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.21% | 99,710 | $621K | Add +1.2% |
| XENWX Eaton Vance New York Municip | 0.21% | 61,908 | $617K | Add +3.6% |
| XCMUX MFS High Yield Municipal TR | 0.20% | 161,321 | $591K | Add +1.9% |
| XPCKX PIMCO California Municipa II | 0.20% | 93,268 | $586K | Add +3.2% |
| CXH MFS Investment Grade Muni | 0.19% | 71,123 | $585K | Add +2.1% |
| EVTC Evertec Inc. | 0.19% | 16,956 | $575K | No change |
| XMVTX BlackRock Munivest Fund II | 0.19% | 49,763 | $567K | Add +2.5% |
| XMUIX BlackRock Municipal Income | 0.19% | 44,517 | $560K | Add +3.0% |
| VTN Invesco TR for Invest GRD NY | 0.16% | 41,533 | $479K | Add +3.2% |
| XMIOX Pioneer Muni High Inc. Opp | 0.15% | 37,316 | $463K | New |
| SEB Seaboard Corp. | 0.14% | 137 | $430K | No change |
| CEFS Saba Opport Hedg Cef ETF-Usd | 0.13% | 18,106 | $403K | Reduce -1.6% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.13% | 32,766 | $390K | Add +2.3% |
| VGM Invesco Trust for Investmen | 0.12% | 32,858 | $347K | Add +15.9% |
| VCV Invesco Ca Val Muni Inc. TR | 0.12% | 31,824 | $347K | Add +2.4% |
| GLD SPDR Gold Shares | 0.11% | 1,398 | $340K | No change |
| FMN Federated Herm Prem Muni Inc. | 0.09% | 22,813 | $283K | Reduce -35.0% |
| FXY Invesco Currencyshares Japan | 0.09% | 4,198 | $270K | No change |
| XMHIX Pioneer Muni High Inc. TR | 0.09% | 27,892 | $268K | New |
| XPMAX Pioneer Municipal High Inc. | 0.09% | 30,156 | $267K | New |
| CXE MFS High Income Municipal TR | 0.08% | 59,086 | $237K | New |
| PMM Franklin Managed Municipal I | 0.08% | 35,798 | $233K | New |
| LEO BNY Mellon Strategic Muni | 0.08% | 35,789 | $233K | New |
| TFLO iShares Treasury Floating Ra | 0.08% | 4,469 | $226K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 390 | $224K | No change |
| PFO Flaherty & Crumrine P&I Opp | 0.07% | 22,542 | $212K | New |
| CEF Sprott Physical Gold and Sil | 0.07% | 8,000 | $196K | No change |
| STEW SRH Total Return Fund Inc. | 0.06% | 12,338 | $195K | Add +0.0% |
| XWIAX Western Asset Infl-Link Sec | 0.06% | 20,900 | $179K | No change |
| AMX America Movil Sab DE CV | 0.06% | 10,698 | $175K | No change |
Other holdings (4): bonds, preferreds, convertibles and warrants · $62K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 32,771 | $38K | No change |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 5,457 | $16K | Add +122.1% |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 15,307 | $6K | Add +24.4% |
| AIIOW NWTN Inc. -CW27 | *W EXP 11/11/202 | 26,327 | $1K | No change |
Total filed on the 13F, all lines: $300.3M.
Portfolio Sells Q2 2024 → Q3 2024
| JPC Nuveen Prefered & Income Opp | Reduce -46.3% | 1.52% | −1.24 |
| CLM Cornerstone Strategic Invest | Reduce -32.7% | 1.93% | −1.10 |
| HFRO Highland Opport & Income | Reduce -7.7% | 6.17% | −1.01 |
| PEO Adams Natural Resources Fund | Reduce -94.8% | 0.04% | −0.88 |
| XDCFX BNYM Alcentra GLBL CRDT 2024 | Sold out | 0.00% | −0.69 |
| XTTPX Tortoise Pipeline & Energy | Reduce -95.1% | 0.04% | −0.68 |
| CRF Cornerstone Total Return | Sold out | 0.00% | −0.47 |
| JFR Nuveen Floating Rate Income | Reduce -14.7% | 1.90% | −0.40 |
| OCCI Ofs Credit Company Inc. | Sold out | 0.00% | −0.39 |
| XTPZX Tortoise Power & Enrgy Infra | Reduce -32.0% | 1.01% | −0.35 |
| VAC Marriott Vacations World | Sold out | 0.00% | −0.34 |
| XHNWX Pioneer Diversified High | Reduce -44.3% | 0.42% | −0.33 |
| SPMC Sound Point Meridian Capital | Reduce -4.2% | 2.78% | −0.32 |
| ECC Eagle Point Credit Co. | Reduce -38.0% | 0.41% | −0.30 |
| XNDPX Tortoise Energy Independence | Reduce -24.4% | 0.80% | −0.27 |
| VFL Abrdn National Municipal Inc. | Sold out | 0.00% | −0.27 |
| ADX Adams Diversified Equity | Reduce -27.4% | 0.56% | −0.25 |
| CLEARBRIDGE MLP AND MIDSTRM | Sold out | 0.00% | −0.18 |
| MUC BlackRock Munihold Ca QLTY | Reduce -15.6% | 0.86% | −0.17 |
| NBXG Neuberger Next Generation Co. | Reduce -4.1% | 1.54% | −0.16 |
| NAD Nuveen Quality Municipal Inc. | Reduce -16.3% | 0.73% | −0.14 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -12.2% | 0.92% | −0.13 |
| BLE BlackRock Muni Inc. TR II | Sold out | 0.00% | −0.11 |
| DMF BNYM Municipal Income | Reduce -28.2% | 0.23% | −0.10 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.10 |
| BGB Blackstone Strategic Credit | Reduce -11.9% | 0.62% | −0.10 |
| RMMZ Rvrnrth MGD Dur Muni Inc. II | Sold out | 0.00% | −0.09 |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | Reduce -3.1% | 0.95% | −0.08 |
| NXDT Nexpoint Diversified Real Es | Reduce -99.4% | 0.00% | −0.08 |
| XBFZX BlackRock Ca Muni Inc. TR | Sold out | 0.00% | −0.07 |
| CPA Copa Holdings SA Class A | Reduce -6.2% | 0.48% | −0.07 |
| DMA Destra Multi-Alternative | Reduce -4.6% | 1.93% | −0.05 |
| AIO Virtus Artific Intel & Tech | Sold out | 0.00% | −0.05 |
| ASLE Aersale Corp. | Sold out | 0.00% | −0.05 |
| FMN Federated Herm Prem Muni Inc. | Reduce -35.0% | 0.09% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -15.8% | 0.75% | −0.04 |
| CET Central Securities Corp. | Reduce -1.1% | 1.25% | −0.03 |
| XJQCX Nuveen Credit Strategies Inc. | Sold out | 0.00% | −0.03 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Sold out | 0.00% | −0.01 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.01 |
| USFR Wisdomtree Floating Rate Tre | Sold out | 0.00% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.01 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.01 |
| BMEZ BlackRock HLTH Sci TRM TR II | Reduce -11.1% | 0.04% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.00 |
| GSLC Goldman Activebeta US LC ETF | Sold out | 0.00% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.00 |
| IGIB iShares 5-10Y Inv Grade Corp. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| PCF High Income Securities Fund | Add +1114.2% | 3.58% | +3.26 |
| XFFCX Flaherty & Crumrine Pref Inc. | New | 1.25% | +1.25 |
| FSCO FS Credit Opportunities Corp. | Add +18.3% | 9.08% | +0.97 |
| KYN Kayne Anderson Energy Infra | New | 0.90% | +0.90 |
| TYG Tortoise Energy Infrastruct | Add +114.0% | 1.29% | +0.73 |
| XPHTX Pioneer High Income Fund | New | 0.46% | +0.46 |
| XTEAX Tortoise Sust&social Imp Ter | Add +802.2% | 0.49% | +0.44 |
| EMO Clearbridge Energy Midstream | Add +66.2% | 1.14% | +0.43 |
| NSLR Neostellar Capital Corp. | Add +47.5% | 1.46% | +0.43 |
| SABA Saba Capital Income & Opp II | Add +23.3% | 1.62% | +0.35 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.32% | +0.32 |
| PAXS PIMCO Access Income Fund | Add +16.3% | 1.69% | +0.24 |
| NPFD Nuveen Var RT Pref & Inc. | Add +7.5% | 4.01% | +0.20 |
| XMIOX Pioneer Muni High Inc. Opp | New | 0.15% | +0.15 |
| NMCO Nuveen Municipal Credit Opp | Add +113.9% | 0.27% | +0.14 |
| RA Brookfield Real Assets Incom | Add +8.3% | 1.41% | +0.13 |
| PDX PIMCO Dynamic Income Strat | Add +0.6% | 12.05% | +0.13 |
| XMHIX Pioneer Muni High Inc. TR | New | 0.09% | +0.09 |
| XPMAX Pioneer Municipal High Inc. | New | 0.09% | +0.09 |
| NZF Nuveen Municipal Credit Inc. | Add +43.5% | 0.27% | +0.08 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +5.9% | 1.33% | +0.08 |
| CXE MFS High Income Municipal TR | New | 0.08% | +0.08 |
| LEO BNY Mellon Strategic Muni | New | 0.08% | +0.08 |
| PMM Franklin Managed Municipal I | New | 0.08% | +0.08 |
| PFO Flaherty & Crumrine P&I Opp | New | 0.07% | +0.07 |
| FMX Fomento Economico Mex-SP ADR | Add +27.5% | 0.46% | +0.05 |
| PFN PIMCO Income Strategy FD II | Add +3.6% | 1.01% | +0.04 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Add +26.0% | 0.43% | +0.03 |
| ERC Allspring Multi-Sector Inc. | Add +5.6% | 0.41% | +0.03 |
| PROSHARES TR | New | 0.02% | +0.02 |
| VGM Invesco Trust for Investmen | Add +15.9% | 0.12% | +0.01 |
| MFM Aberdeen Municipal Income | Add +1.7% | 1.04% | +0.01 |
| XPCKX PIMCO California Municipa II | Add +3.2% | 0.20% | +0.01 |
| XCMUX MFS High Yield Municipal TR | Add +1.9% | 0.20% | +0.01 |
| CHINA FUND INC | New | 0.00% | +0.00 |
| TDF Templeton Dragon Fund Inc. | New | 0.00% | +0.00 |
| STEW SRH Total Return Fund Inc. | Add +0.0% | 0.06% | +0.00 |
| VCV Invesco Ca Val Muni Inc. TR | Add +2.4% | 0.12% | +0.00 |
| DSM BNYM Strat Muni BND | Add +1.2% | 0.21% | +0.00 |
| CXH MFS Investment Grade Muni | Add +2.1% | 0.19% | +0.00 |
| VTN Invesco TR for Invest GRD NY | Add +3.2% | 0.16% | +0.00 |
| ZTR Virtus Total Return Fund Inc. | Add +43.2% | 0.00% | +0.00 |
| ASGI Abrdn Global Infrastructure | Add +21.0% | 0.00% | +0.00 |
| USAR USA Rare Earth Inc. | New | 0.00% | +0.00 |
| XAGDX Abrdn GLBL DYNM Divid | Add +7.8% | 0.01% | +0.00 |
| XMVTX BlackRock Munivest Fund II | Add +2.5% | 0.19% | +0.00 |
| XAODX Abrdn Total Dynamic Dividend | Add +11.7% | 0.00% | +0.00 |
| ASG Liberty All-Star Growth FD | Add +9.8% | 0.00% | +0.00 |
| NAC Nuveen Ca QLTY Muni Inc. | Add +2.3% | 0.13% | +0.00 |
| AEF Abrdn Emerging Markets Ex CH | Add +0.9% | 0.00% | +0.00 |
Notes & Other Activity Q2 2024 → Q3 2024
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | Add +122.1% | 5,457 | $16K |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | Add +24.4% | 15,307 | $6K |
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 |