# Thomas J. Herzfeld Advisors, Inc.: Form 13F holdings

An institutional investment manager in MIAMI BEACH, FL. SEC CIK 1509510.

- Quarter ended: 2026-06-30
- Filed: 2026-08-10
- Reported value: $325.8m
- Positions: 129 (129 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1509510/000139834426013942/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [FS Specialty Lending Fund (FSSL)](/companies/fssl.md) | COM SH BEN INT | $32.3m | 9.9% | 2,900,663 |  | Added +91,936 |
| [PIMCO Dynamic Income Strategy Fund (PDX)](/companies/pdx.md) | COM SH BEN INT | $22.8m | 7.0% | 1,095,075 |  | Reduced −158,273 |
| [FS Credit Opportunities Corp (FSCO)](/companies/fsco.md) | COM | $19.6m | 6.0% | 3,921,573 |  | Added +241,638 |
| [Highland Floating Rate Opportunities Fund (HFRO)](/companies/hfro.md) | SHS BEN INT | $19.1m | 5.9% | 2,676,474 |  | Reduced −39,187 |
| [Guggenheim Strategic Opp Fund (GOF)](/companies/gof.md) | COM SBI | $14.6m | 4.5% | 1,336,680 |  | Added +321,280 |
| [Herzfeld Credit Income Fund, Inc. (HERZ)](/companies/herz.md) | COM | $14.1m | 4.3% | 817,534 |  | Added +10,319 |
| [Pershing Square USA Ltd (PSUS)](/companies/psus.md) | COM SHS | $10.7m | 3.3% | 285,421 |  | New +285,421 |
| [Saba Capital Income & Opport (BRW)](/companies/brw.md) | SHS NEW | $10.1m | 3.1% | 1,544,694 |  | Added +127,505 |
| [Suro Capital Corp (NSLR)](/companies/nslr.md) | COM | $9.9m | 3.0% | 788,403 |  | Added +755,885 |
| [Eagle Pointe Income Company (EIC)](/companies/eic.md) | COM | $9.0m | 2.8% | 897,140 |  | Added +503,140 |
| [Nuveen Floating Rate Income (JFR)](/companies/jfr.md) | COM | $8.5m | 2.6% | 1,111,921 |  | Added +398,627 |
| [Saba Capital Income & Opport II (SABA)](/companies/saba.md) | COM | $7.4m | 2.3% | 891,603 |  | Added +117,085 |
| [Columbia Seligman Premium Technology Growth Fund (STK)](/companies/stk.md) | COM | $7.0m | 2.1% | 129,150 |  | Added +62,926 |
| [PIMCO Dynamic Income Fd (PDI)](/companies/pdi.md) | SHS | $6.5m | 2.0% | 388,727 |  | Added +233,867 |
| [Duff & Phelps Utility and Infrastructure Fund Inc. (DPG)](/companies/dpg.md) | COM | $5.4m | 1.6% | 360,644 |  | Reduced −30,853 |
| [BlackRock Science and Technology Trust II (BSTZ)](/companies/bstz.md) | SHS BEN INT | $5.0m | 1.5% | 166,033 |  | Added +83,361 |
| [Brookfield Real Assets Incom (RA)](/companies/ra.md) | SHS BEN INT | $4.8m | 1.5% | 369,085 |  | Added +28,444 |
| [BlackRock Tech and Private Eq (BTX)](/companies/btx.md) | Shs Ben Int | $4.7m | 1.4% | 515,402 |  | Added +234,649 |
| [The Taiwan Fund Inc (TWN)](/companies/twn.md) | COM | $4.6m | 1.4% | 47,520 |  | Added +6,021 |
| [PIMCO Access Income Fund (PAXS)](/companies/paxs.md) | SHS BENFIN INT | $4.5m | 1.4% | 311,965 |  | Reduced −128,030 |
| [Tortoise Energy Infra Corp (TYG)](/companies/tyg.md) | COM | $4.3m | 1.3% | 100,275 |  | New +100,275 |
| [Bluerock Private Real Estate Fund (BPRE)](/companies/bpre.md) | COM | $3.9m | 1.2% | 303,336 |  | Reduced −59,168 |
| [Kayne Anderson Energy Infrst (KYN)](/companies/kyn.md) | COM | $3.8m | 1.2% | 276,097 |  | Added +41,961 |
| [The Korea Fund Inc (KF)](/companies/kf.md) | COM NEW | $3.7m | 1.2% | 49,834 |  | Added +49,454 |
| [Clearbridge Energy Midstrm O (EMO)](/companies/emo.md) | COM | $3.7m | 1.1% | 73,130 |  | Added +14,107 |
| [Neuberger Berman MLP Income Fund Inc (NML)](/companies/nml.md) | COM | $3.6m | 1.1% | 352,764 |  | Added +29,238 |
| [BlackRock Energy and Resources Trust (BGR)](/companies/bgr.md) | COM | $3.5m | 1.1% | 238,075 |  | Added +56,959 |
| [XAI Octagn Flt Rat & Alt Inm (XFLT)](/companies/xflt.md) | COM | $3.5m | 1.1% | 198,688 |  | Added +139,143 |
| ASA Gold and Precious Metals Ltd | SHS | $3.5m | 1.1% | 66,761 |  | Reduced −59,124 |
| [NXG NextGen Intrastruacture Inc Fund (NXG)](/companies/nxg.md) | COM | $3.4m | 1.1% | 53,297 |  | New +53,297 |
| Calamos Conv & High Income Fund | COM SHS | $3.3m | 1.0% | 245,638 |  | New +245,638 |
| [Rivernorth Flexible Mun Income Fund II, Inc. (RFMZ)](/companies/rfmz.md) | COM | $3.3m | 1.0% | 243,641 |  | Added +14,007 |
| [Virtus Convertible & Income Fund II (NCZ)](/companies/ncz.md) | COM | $3.3m | 1.0% | 205,874 |  | New +205,874 |
| [Virtus Convertible & Income Fund (NCV)](/companies/ncv.md) | COM | $3.3m | 1.0% | 185,909 |  | New +185,909 |
| [PIMCO Corporate & Income Opp Fund (PTY)](/companies/pty.md) | COM | $3.0m | 0.9% | 252,532 |  | Added +2,556 |
| [Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP)](/companies/ldp.md) | COM | $2.9m | 0.9% | 137,739 |  | Added +33,948 |
| [Angel Oak Final Strategies Incm Trm Trst (FINS)](/companies/fins.md) | COM BEN INT | $2.8m | 0.9% | 222,390 |  | Added +28,960 |
| [BlackRock Res & Commodities Strat Trust (BCX)](/companies/bcx.md) | SHS | $2.7m | 0.8% | 238,622 |  | Added +21,870 |
| [PGIM Global Short Duration High Yield Fund, Inc. (GHY)](/companies/ghy.md) | COM | $2.6m | 0.8% | 215,331 |  | New +215,331 |
| [BlackRock Credit Allocation Income Trust (BTZ)](/companies/btz.md) | COM | $2.5m | 0.8% | 245,318 |  | New +245,318 |
| [PGIM Short Dur Hig yld Opp F (SDHY)](/companies/sdhy.md) | COM | $2.3m | 0.7% | 138,168 |  | Added +24,591 |
| [General American Investors Co Inc (GAM)](/companies/gam.md) | COM | $2.0m | 0.6% | 31,935 |  | Reduced −726 |
| [NYLI CBRE Gbl Infr Megtrnds (MEGI)](/companies/megi.md) | COM | $2.0m | 0.6% | 129,641 |  | Reduced −1,082 |
| [MFS Municipal Income Trust (MFM)](/companies/mfm.md) | SH BEN INT | $1.9m | 0.6% | 345,429 |  | Added +283,592 |
| [Blackstone / GSO Long-Short Credit Income Fund (BGX)](/companies/bgx.md) | COM SHS BN INT | $1.9m | 0.6% | 177,105 |  | Added +59,238 |
| [Ares Dynamic Cr Allocation Fund (ARDC)](/companies/ardc.md) | COM | $1.9m | 0.6% | 150,623 |  | New +150,623 |
| [Thornburg Incm Builder Opp Tr (TBLD)](/companies/tbld.md) | COM | $1.8m | 0.5% | 80,479 |  | Added +10,977 |
| PIMCO Calif Mun Income Fund | COM | $1.7m | 0.5% | 185,469 |  | Added +106,243 |
| [Pimco New York Municipal Income Fund II (PNI)](/companies/pni.md) | COM | $1.6m | 0.5% | 231,370 |  | Added +156,246 |
| Exchange Listed FDS Tr | SABA INT RATE | $1.6m | 0.5% | 62,053 |  | Reduced −2,557 |
| [BlackRock Municipal 2030 Target Term Trust (BTT)](/companies/btt.md) | COM SHS BEN IN | $1.3m | 0.4% | 56,610 |  | Added +7,544 |
| [Blackstone Strategic Cred 20 (BGB)](/companies/bgb.md) | COM SHS BEN IN | $1.3m | 0.4% | 112,665 |  | New +112,665 |
| [BNY Mellon Strategic Mun Bd (DSM)](/companies/dsm.md) | COM | $1.2m | 0.4% | 195,902 |  | Added +30,970 |
| [Rivernorth Flexible Mun Income (RFM)](/companies/rfm.md) | COM | $1.2m | 0.4% | 79,341 |  | New +79,341 |
| [BlackRock MuniHoldings Fd In (MHD)](/companies/mhd.md) | COM | $1.0m | 0.3% | 86,578 |  | New +86,578 |
| [NYLI MacKay Defined Term Muni (MMD)](/companies/mmd.md) | COM | $940.7k | 0.3% | 60,688 |  | Added +16,292 |
| [PIMCO Dynamic Income Oprnts (PDO)](/companies/pdo.md) | COM Ben Shs | $882.4k | 0.3% | 66,751 |  | Unchanged |
| [Nuveen Mortgage and Income Fund (JLS)](/companies/jls.md) | COM | $784.7k | 0.2% | 44,897 |  | Reduced −27,742 |
| [Federated Hermes Prem Muni I (FMN)](/companies/fmn.md) | COM | $760.1k | 0.2% | 66,149 |  | New +66,149 |
| [Neuberger Municipal Fund Inc. (NBH)](/companies/nbh.md) | COM | $759.4k | 0.2% | 71,978 |  | New +71,978 |
| [DTF Tax-Free Income Inc (DTF)](/companies/dtf.md) | COM | $753.7k | 0.2% | 65,258 |  | Added +51,604 |
| [Putnam Mun Opportunities Tr (PMO)](/companies/pmo.md) | SH BEN INT | $745.2k | 0.2% | 70,700 |  | New +70,700 |
| [Carlyle Credit Income Fund (CCIF)](/companies/ccif.md) | SHS BEN INT | $734.9k | 0.2% | 263,404 |  | Added +137,165 |
| [Western Asset Mortgage Opp Fund Inc. (DMO)](/companies/dmo.md) | COM | $671.1k | 0.2% | 62,657 |  | Reduced −52,230 |
| [Western Asset Managed Muns Fd (MMU)](/companies/mmu.md) | COM | $662.8k | 0.2% | 63,607 |  | New +63,607 |
| [Putnam Managed Mun Income Tr (PMM)](/companies/pmm.md) | COM | $588.0k | 0.2% | 89,911 |  | New +89,911 |
| [Central Securities Corp (CET)](/companies/cet.md) | COM | $565.8k | 0.2% | 10,787 |  | Reduced −25,718 |
| [PIMCO Mun Income Fd II (PML)](/companies/pml.md) | COM | $559.3k | 0.2% | 73,493 |  | New +73,493 |
| [SPDR Gold Tr (GLD)](/companies/gld.md) | GOLD SHS | $515.0k | 0.2% | 1,398 |  | Unchanged |
| [AllianceBernstein Natl Mun I (AFB)](/companies/afb.md) | COM | $376.7k | 0.1% | 33,015 |  | New +33,015 |
| [BNY Mellon Strategic Muns In (LEO)](/companies/leo.md) | COM | $376.5k | 0.1% | 58,283 |  | New +58,283 |
| [Western Assest Intm Muni Fd (SBI)](/companies/sbi.md) | COM | $374.9k | 0.1% | 47,641 |  | New +47,641 |
| [Sprott Physical Gold and Silver Trust (CEF)](/companies/cef.md) | TR UNIT | $321.8k | <0.1% | 8,000 |  | Unchanged |
| [SPDR S&P 500 ETF Tr (SPY)](/companies/spy.md) | TR UNIT | $291.2k | <0.1% | 390 |  | Unchanged |
| [Eaton Vance Mun Bd Fd (EIM)](/companies/eim.md) | COM | $238.1k | <0.1% | 23,905 |  | New +23,905 |
| [RiverNorth Managed Duration Municipal Income Fund II, Inc (RMMZ)](/companies/rmmz.md) | COM | $237.7k | <0.1% | 15,802 |  | New +15,802 |
| iShares Tr | TRS FLT RT BD | $226.3k | <0.1% | 4,469 |  | Reduced −74,999 |
| Invesco QQQ Tr | UNIT SER 1 | $198.8k | <0.1% | 270 |  | Unchanged |
| [Aberdeen Life Sciences Investor (HQL)](/companies/hql.md) | SH BEN INT | $183.9k | <0.1% | 9,191 |  | Reduced −1,885 |
| [Destiny Tech100 Inc (DXYZ)](/companies/dxyz.md) | COM SHS | $169.7k | <0.1% | 6,588 |  | Reduced −76,218 |
| [SPDR S&P MidCap 400 ETF Tr (MDY)](/companies/mdy.md) | UTSER1 S&PDCRP | $105.5k | <0.1% | 150 |  | Unchanged |
| [Netflix, Inc. (NFLX)](/companies/nflx.md) | COM | $71.4k | <0.1% | 1,000 |  | Unchanged |
| [TMC The Metals Company Inc (TMC)](/companies/tmc.md) | COM | $57.2k | <0.1% | 12,911 |  | Unchanged |
| [Meta Platforms Inc (META)](/companies/meta.md) | CL A | $56.3k | <0.1% | 100 |  | Unchanged |
| [Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (WIW)](/companies/wiw.md) | COM | $55.0k | <0.1% | 6,546 |  | Unchanged |
| [Barings Corporate Invs (MCI)](/companies/mci.md) | COM | $36.5k | <0.1% | 2,081 |  | New +2,081 |
| [First Tr Inter Dur Pfd & In (FPF)](/companies/fpf.md) | COM | $36.1k | <0.1% | 1,985 |  | Added +223 |
| [Flaherty & Crumrine Pfd Inco (PFO)](/companies/pfo.md) | COM | $34.0k | <0.1% | 3,679 |  | Reduced −45 |
| [Investco CurrencyShares Japan (FXY)](/companies/fxy.md) | Japanese Yen | $33.9k | <0.1% | 600 |  | Unchanged |
| PIMCO Global StocksPLS Inc. | COM | $27.1k | <0.1% | 3,144 |  | New +3,144 |
| [Montana Technologies Corp (AIRJ)](/companies/airj.md) | \*W Exp 03/15/202 | $19.9k | <0.1% | 15,307 |  | Unchanged |
| [Aberdeen Emerging Markets Equity Inc. (AEF)](/companies/aef.md) | COM | $19.6k | <0.1% | 2,046 |  | Added +1,379 |
| [Templeton Dragon Fd Inc. (TDF)](/companies/tdf.md) | COM | $16.7k | <0.1% | 1,533 |  | Added +758 |
| [Templeton Emerging Markets Fund (EMF)](/companies/emf.md) | COM | $15.1k | <0.1% | 649 |  | Added +220 |
| Rice Acquisition Corp 3 | \*W EXP 99/99/999 | $14.8k | <0.1% | 14,946 |  | Added +10,088 |
| [TCW Strategic Income Fund Inc (TSI)](/companies/tsi.md) | COM | $14.7k | <0.1% | 3,258 |  | Unchanged |
| Morgan Stanley China A Sh Fd | COM | $14.4k | <0.1% | 684 |  | New +684 |
| [Nuveen Mutli Asset Income Fund (NMAI)](/companies/nmai.md) | COM | $14.4k | <0.1% | 1,013 |  | Added +115 |
| [Mexico Equity & Income Fd (MXE)](/companies/mxe.md) | COM | $14.3k | <0.1% | 1,103 |  | Added +533 |
| Spark I Acquisition Corp | ORD SHS | $14.3k | <0.1% | 6,000 |  | New +6,000 |
| [The Mexico Fund, Inc. (MXF)](/companies/mxf.md) | COM | $13.1k | <0.1% | 600 |  | Added +246 |
| [ProShares Short VIX Short-Term Futures ETF (AGQ)](/companies/agq.md) | SHT VIX ST TRM | $12.6k | <0.1% | 220 |  | Unchanged |
| Archimedes Tech SPAC Partner | ORD SHS | $10.9k | <0.1% | 5,000 |  | New +5,000 |
| [The European Equity Fund Inc (EEA)](/companies/eea.md) | COM | $10.9k | <0.1% | 993 |  | Added +221 |
| [Morgan Stanley Emerging Mkt Debt Fund Inc. (MSD)](/companies/msd.md) | COM | $10.3k | <0.1% | 1,412 |  | Reduced −171,004 |
| Net Power Inc. | W EXP 06/08/202 | $9.5k | <0.1% | 32,771 |  | Unchanged |
| [Principal Real Estate Income Fund (PGZ)](/companies/pgz.md) | SHS BEN INT | $9.3k | <0.1% | 908 |  | Added +1 |
| [Japan Smaller Capitalization Fund Inc (JOF)](/companies/jof.md) | COM | $9.2k | <0.1% | 783 |  | Reduced −367 |
| [Cornerstone Strategic Value Fund Inc (CLM)](/companies/clm.md) | COM | $9.0k | <0.1% | 1,187 |  | Added +67 |
| [Central and Eastern European Fund Inc (CEE)](/companies/cee.md) | COM | $8.8k | <0.1% | 428 |  | New +428 |
| [Aberdeen Std Global Infrastructure (ASGI)](/companies/asgi.md) | SHS BEN INT | $8.6k | <0.1% | 371 |  | New +371 |
| [Adams Diversified Equity Fund Inc (ADX)](/companies/adx.md) | COM | $8.2k | <0.1% | 320 |  | Added +6 |
| [Royce Small-Cap Trust Inc. (RVT)](/companies/rvt.md) | COM | $7.6k | <0.1% | 409 |  | Added +7 |
| The Gabelli Dividend & Income Trust | COM | $7.3k | <0.1% | 248 |  | Reduced −51,030 |
| [GAMCO Global Gold Nat Res (GGN)](/companies/ggn.md) | COM SH BEN INT | $7.2k | <0.1% | 1,496 |  | Added +7 |
| [BlackRock Enhanced Equity Dividend Trust (BDJ)](/companies/bdj.md) | COM | $7.0k | <0.1% | 728 |  | Added +14 |
| [Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX)](/companies/qqqx.md) | COM SHS | $6.9k | <0.1% | 230 |  | Added +5 |
| [Tri-Continental Corp (TY)](/companies/ty.md) | COM | $6.9k | <0.1% | 200 |  | Added +5 |
| [SRH Total Return Fund Inc (STEW)](/companies/stew.md) | COM | $6.8k | <0.1% | 380 |  | Reduced −107,398 |
| [Nuveen Core Equity Alpha Fund (JCE)](/companies/jce.md) | COM | $6.6k | <0.1% | 402 |  | Added +9 |
| [Gabelli Equity Trust Inc (GAB)](/companies/gab.md) | COM | $6.4k | <0.1% | 1,127 |  | Added +29 |
| [Liberty All Star Growth Fund Inc (ASG)](/companies/asg.md) | COM | $6.3k | <0.1% | 1,151 |  | Added +24 |
| [Liberty All Star Equity Fund (USA)](/companies/usa.md) | SH BEN INT | $5.2k | <0.1% | 894 |  | Added +23 |
| [Morgan Stanley Emerging Mkts (EDD)](/companies/edd.md) | COM | $4.3k | <0.1% | 739 |  | Reduced −135,845 |
| Graf Global Corp | ORD SHS CL A | $3.8k | <0.1% | 10,000 |  | New +10,000 |
| Viking Acquisition Corp I | ORD CL A | $3.6k | <0.1% | 4,000 |  | New +4,000 |
| [Virtus Total Return Fund Inc. (ZTR)](/companies/ztr.md) | COM | $3.2k | <0.1% | 468 |  | Added +11 |
| [Space Exploration Techn Corp (SPCX)](/companies/spcx.md) | CLASS A COM STK | $2.9k | <0.1% | 17 |  | New +17 |
| [Nexpoint Diversified Rel Et (NXDT)](/companies/nxdt.md) | COM | $1.5k | <0.1% | 285 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [Angel Studios Inc (ANGX)](/companies/angx.md) | CL A COM | $0 | 0.0% | 0 |  | Sold out −5,699 |
| Direxion Shares ETF Tr | DAILY GOLD MINER | $0 | 0.0% | 0 |  | Sold out −58,011 |
| First Trust Ultra Short Duration Municipal | ULTRA SHT DUR MU | $0 | 0.0% | 0 |  | Sold out −109,973 |
| Invesco Exch Traded Fd Tr II | VRDO TAX FREE | $0 | 0.0% | 0 |  | Sold out −49,141 |
| Invesco Exch Trd SLF IDX Fd | BULSHS 2026 MUNI | $0 | 0.0% | 0 |  | Sold out −98,083 |
| Invesco Exch Trd SLF IDX Fd | BULSHS 2027 MUNI | $0 | 0.0% | 0 |  | Sold out −96,212 |
| MFS High Income Mun Tr | SH BEN INT | $0 | 0.0% | 0 |  | Sold out −88,443 |
| MFS Investment Grade Municipal Trust | SH BEN INT | $0 | 0.0% | 0 |  | Sold out −23,409 |
| Nuveen S&P 500 Dynamic Overw | COM | $0 | 0.0% | 0 |  | Sold out −149,092 |
| [Oxford Lane Cap Corp (OXLC)](/companies/oxlc.md) | COM | $0 | 0.0% | 0 |  | Sold out −222,539 |
| Proshares Tr | SHORT MSCI EMRNG | $0 | 0.0% | 0 |  | Sold out −3,245 |
| ProShares TR | Ultrapro Sht QQQ | $0 | 0.0% | 0 |  | Sold out −116,263 |
| ProShares TR | Shrt High Yield | $0 | 0.0% | 0 |  | Sold out −796,652 |
| ProShares UltraShort S&P500 | ULTRASHRT S&P500 | $0 | 0.0% | 0 |  | Sold out −108,584 |
| [Purecycle Technologies Inc (PCT)](/companies/pct.md) | W Exp 01/28/202 | $0 | 0.0% | 0 |  | Sold out −5,457 |
| Real Asset Acquisition | \*W EXP 04/24/203 | $0 | 0.0% | 0 |  | Sold out −4,166 |
| Simplify Exchange Traded Fun | Simplify Interst | $0 | 0.0% | 0 |  | Sold out −117,701 |
| [Virtus Stone HBR Emrg Mkts I (EDF)](/companies/edf.md) | COM | $0 | 0.0% | 0 |  | Sold out −6,614 |
| Western Asset Emerging Mkts | COM | $0 | 0.0% | 0 |  | Sold out −68,384 |

Source: SEC EDGAR, Form 13F-HR, accession 0001398344-26-013942. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.