Fund HoldingsThomas J. Herzfeld Advisors, Inc.

Total Portfolio Value
$295.60M
Total Bought
$156.87M
Total Sold
$152.73M
Net Transaction
+$4.13M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
FS SPECIALTY LENDING FD(FSSL)02,050,866+2,050,866028,9999.81%+28,999
PIMCO DYNAMIC INCOME STRATEG(PDX)01,305,721+1,305,721024,5218.30%+24,521
HIGHLAND OPPS & INCOME FD02,457,285+2,457,285014,6954.97%+14,695
SABA CAPITAL INCOME & OPPORT01,590,092+1,590,092013,1184.44%+13,118
BLUEROCK PVT REAL ESTATE FD(BPRE)0854,779+854,779012,8224.34%+12,822
FS CREDIT OPPORTUNITIES CORP(FSCO)01,899,781+1,899,781011,9694.05%+11,969
GUGGENHEIM STRATEGIC OPPORTU(GOF)0927,245+927,245011,9434.04%+11,943
PIMCO DYNAMIC INCOME OPRNTS(PDO)0345,432+345,43204,7811.62%+4,781
SABA CAPITAL INCOME & OPRNT1,175,0071,834,714+659,7079,13012,8614.35%+3,732
PIMCO ACCESS INCOME FUND481,437747,910+266,4737,83311,4433.87%+3,610
BLACKROCK TECH AND PRIVATE E(BTX)0543,195+543,19503,5801.21%+3,580
EAGLE POINT INCOME COMPANY I0310,811+310,81103,5461.20%+3,546
XAI OCTAGN FLT RAT & ALT INM0638,082+638,08203,0631.04%+3,063
PIMCO DYNAMIC INCOME FD(PDI)0152,852+152,85202,7070.92%+2,707
VIRTUS CONVERTIBLE & INCOME(NCV)0174,319+174,31902,6410.89%+2,641
MORGAN STANLEY EMKT DBT FD I0322,893+322,89302,3860.81%+2,386
OXFORD LANE CAP CORP(OXLC)227,872399,466+171,5943,8585,8481.98%+1,990
BLACKSTONE LONG SHORT CR INC159,161233,050+73,8891,9102,7170.92%+807
CARLYLE CREDIT INCOME FUND(CCID)33,684201,113+167,4291969430.32%+747
PIMCO CORPORATE & INCOME OPP(PTY)055,818+55,81807200.24%+720
EAGLE POINT CREDIT COMPANY I(ECC)0124,736+124,73607180.24%+718
DUFF & PHELPS UTLITY AND INF420,950469,477+48,5275,4345,9672.02%+533
FEDERATED HERMES PREM MUNI I029,727+29,72703300.11%+330
NEUBERGER MUN FD INC(NBH)032,348+32,34803270.11%+327
BROOKFIELD REAL ASSETS INCOM724,706772,267+47,5619,68210,0093.39%+327
SRH TOTAL RETURN FUND INC(STEW)375,454382,005+6,5516,8187,0822.40%+264
BLACKROCK SCIENCE & TECHNOLO(BSTZ)209,711215,176+5,4654,6474,8651.65%+218
SOUND POINT MERIDIAN CAP INC(SPMA)013,720+13,72001890.06%+189
MFS HIGH INCOME MUN TR
SH BEN INT
121,948166,696+44,7484546170.21%+163
ANGEL OAK FINL STRATEGIES IN207,513216,513+9,0002,7202,8600.97%+140
THORNBURG INCM BUILDER OPP T227,958231,757+3,7994,5344,6581.58%+124
RIVERNORTH FLEXIBLE MUNI INC300,513319,486+18,9733,9224,0451.37%+123
NUVEEN DOW 30 DYNMC OVERWRT0183,190+183,19002,7950.95%+2,795
BNY MELLON STRATEGIC MUN BD338,579341,091+2,5122,0042,1050.71%+100
ABRDN NATL MUN INCOME FD26,36635,909+9,5432713690.12%+98
COLUMBIA SELIGM PREM TECH GR(STK)3,3455,834+2,4891182150.07%+96
CENTRAL SECS CORP(CET)52,22854,569+2,3412,6832,7670.94%+84
MFS HIGH YIELD MUN TR546,440558,611+12,1711,8961,9610.66%+65
SPDR GOLD TR(GLD)1,3981,39804975540.19%+57
PGIM SHORT DUR HIG YLD OPP F321,346329,953+8,6075,3735,4281.84%+55
CLEARBRIDGE ENERGY MIDSTRM O(EMO)01,016+1,0160450.02%+45
MFS INVT GRADE MUN TR
SH BEN INT
240,371242,426+2,0551,8891,9270.65%+38
INVESCO CURRENCYSHARES JAPAN(FXY)0600+6000350.01%+35
BLACKROCK MUN TARGET TERM TR(BTT)49,30049,685+3851,1071,1340.38%+27
PIMCO CALIF MUN INCOME FD
COM
218,743221,201+2,4581,9071,9310.65%+24
MFS MUN INCOME TR0137,475+137,47507460.25%+746
NET POWER INC032,771+32,7710160.01%+16
BNY MELLON STRATEGIC MUNS IN93,60594,265+6605856000.20%+14
AIRJOULE TECHNOLOGIES CORP015,307+15,3070130.00%+13
BLACKROCK MUNIVEST FD II INC046,375+46,37505010.17%+501
PRINCIPAL REAL ESTATE INCOME0992+9920100.00%+10
BNY MELLON MUN BD INFRASTRUC23,32123,503+1822502580.09%+9
MORGAN STANLEY EMERGING MKTS(EDD)01,185+1,185060.00%+6
SPDR S&P 500 ETF TR(SPY)39039002602660.09%+6
PURECYCLE TECHNOLOGIES INC(PCT)05,457+5,457040.00%+4
INVESCO QQQ TR27027001621660.06%+4
MEXICO EQUITY & INCOME FD1,1441,380+23614170.01%+4
KOREA FD INC602602018220.01%+3
WESTERN ASSET EMERGING MKTS
COM
1,3991,554+15514170.01%+2
ABRDN EMERGING MARKETS EX CH1,9942,124+13013150.01%+2
MEXICO FD INC705770+6514160.01%+2
NUVEEN MULTI ASSET INCOME FU9781,096+11813140.00%+2
SPDR S&P MIDCAP 400 ETF TR(MDY)150150089900.03%+1
NEXPOINT DIVERSIFIED REL ET0276+276010.00%+1
JAPAN SMALLER CAPITALIZATION(JOF)1,8511,851020210.01%+1
PROSHARES TR II(AGQ)220220011120.00%+1
BLACKROCK ENHANCED EQUITY DI(BDJ)678700+22670.00%0
ADAMS DIVERSIFIED EQUITY FD301308+7770.00%0
NUVEEN NASDAQ 100 DYNAMIC OV(QQQX)216221+5660.00%0
GENERAL AMERN INVS CO INC(GAM)112124+12770.00%0
NUVEEN CORE EQUITY ALPHA FD(JCE)378393+15660.00%0
FLAHERTY & CRUMRINE PFD INCO3,2143,345+13131320.01%0
GABELLI EQUITY TR INC(GAB)1,0441,070+26670.00%0
ROYCE SMALL CAP TRUST INC(RVT)382395+13660.00%0
TEMPLETON EMERGING MKTS FD660660011110.00%0
TRI CONTL CORP(TY)181194+13660.00%0
TCW STRATEGIC INCOME FD INC2,0002,000010100.00%0
LIBERTY ALL STAR EQUITY FD(USA)8238230550.00%-0
VIRTUS STONE HBR EMRG MKTS I2,0522,052010100.00%-0
LIBERTY ALL-STAR GROWTH FD I1,0771,0770660.00%-0
TEMPLETON DRAGON FD INC1,4081,416+816160.01%-0
MORGAN STANLEY INDIA INVT FD(IIF)391391010100.00%-1
EUROPEAN EQUITY FD INC1,6811,681018170.01%-1
VIRTUS TOTAL RETURN FD INC(ZTR)692447-245430.00%-2
FIRST TR INTER DURATN PFD &(FPF)1,8571,792-6536330.01%-2
TMC THE METALS COMPANY INC(TMC)12,91112,911082800.03%-3
ABRDN TOTAL DYNAMIC DIVIDEND
COM SH BEN INT
1,161590-5711160.00%-5
BlackRock Cap Allocation Tr(BCAT)4350-43560-6
ANGEL STUDIOS INC5,6995,699033270.01%-6
NEW GERMANY FD INC(GF)1,249689-5601480.00%-7
BlackRock Enhanced International Dividend Trust1,2110-1,21170-7
META PLATFORMS INC(META)100100073660.02%-7
Montana Technologies Corp15,3070-15,307120-12
NYLI MACKAY DEFINEDTERM MUNI(MMD)96,50497,226+7221,4601,4460.49%-14
Purecycle Technologies Inc(PCT)5,4570-5,457180-18
Net Power Inc.32,7710-32,771250-25
NETFLIX INC(NFLX)1001,000+900120940.03%-26
Investco CurrencyShares Japan(FXY)6000-600370-37
Destra Multi-Alternative Fd000000
CORNERSTONE STRATEGIC INVEST(CLM)01,060+1,060090.00%+9
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