Thomas J. Herzfeld Advisors, Inc.
Filing Date
Global Rank
#3,456
/ 8,232
▼ 121
Top Industry
Asset Management
99.9%
3Y Alpha vs SPY
-5.9%
Period ended 2 months ago
Filed May 12, 2026 · 32d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+51.8%
SPY
+76.5%
Annualised alpha
-5.9%
Max drawdown
−18.5%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
95 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
14.2%
+4.3 pts
Top 5
44.2%
+11.1 pts
Top 10
60.9%
+6.9 pts
HHI
552
Diversified+149
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 85.3% | $211,342,410 |
| Unclassified | 14.6% | $36,278,456 |
| Communication Services | 0.1% | $170,744 |
| Basic Materials | 0.0% | $60,294 |
| Real Estate | 0.0% | $1,330 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| FSCO | FS Credit Opportunities Corp. | +1,780,154 | 3,679,935 | $18,767,668 | |
| FSSL | FS Specialty Lending Fund | +757,861 | 2,808,727 | $35,137,174 | |
| HFRO | Highland Opportunities & Income Fund | +258,376 | 2,715,661 | $15,506,424 | |
| PTY | Pimco Corporate & Income Opportunity Fund | +194,158 | 249,976 | $3,014,710 | |
| EDD | Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | +135,399 | 136,584 | $692,480 | |
| GOF | Guggenheim Strategic Opportunities Fund | +88,155 | 1,015,400 | $11,189,708 | |
| EIC | Eagle Point Income Co Inc. | +83,189 | 394,000 | $3,719,360 | |
| EMD | Western Asset Emerging Markets Debt Fund Inc. | +66,830 | 68,384 | $671,530 | |
| STK | Columbia Seligman Premium Technology Growth Fund, Inc. | +60,390 | 66,224 | $2,511,876 | |
| EMO | ClearBridge Energy Midstream Opportunity Fund Inc. | +58,007 | 59,023 | $3,117,594 | |
| GAM | General American Investors Co Inc | +32,537 | 32,661 | $1,909,688 | |
| MEGI | NYLI CBRE Global Infrastructure Megatrends Term Fund | +17,230 | 130,723 | $1,920,320 | |
| EDF | Virtus Stone Harbor Emerging Markets Income Fund | +4,562 | 6,614 | $31,614 | |
| PDI | PIMCO Dynamic Income Fund | +2,008 | 154,860 | $2,649,654 | |
| TSI | Tcw Strategic Income Fund Inc | +1,258 | 3,258 | $14,628 | |
| CLM | Cornerstone Strategic Investment Fund, Inc. | +60 | 1,120 | $8,153 | |
| ASG | Liberty All Star Growth Fund Inc. | +50 | 1,127 | $5,353 | |
| USA | Liberty All Star Equity Fund | +48 | 871 | $4,834 | |
| GAB | Gabelli Equity Trust Inc | +28 | 1,098 | $6,148 | |
| BDJ | BlackRock Enhanced Equity Dividend Trust | +14 | 714 | $6,154 | |
| ZTR | Virtus Total Return Fund Inc. | +10 | 457 | $3,025 | |
| NXDT | Nexpoint Diversified Real Estate Trust | +9 | 285 | $1,330 | |
| RVT | Royce Small-Cap Trust, Inc. | +7 | 402 | $6,673 | |
| ADX | Adams Diversified Equity Fund, Inc. | +6 | 314 | $6,873 | |
| QQQX | Nuveen NASDAQ 100 Dynamic Overwrite Fund | +4 | 225 | $6,000 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SABA | Saba Capital Income & Opportunities Fund II | −815,574 | 774,518 | $6,443,989 | |
| BPRE | Bluerock Private Real Estate Fund | −492,275 | 362,504 | $6,021,191 | |
| RA | Brookfield Real Assets Income Fund Inc. | −431,626 | 340,641 | $4,380,643 | |
| BRW | Saba Capital Income & Opportunities Fund | −417,525 | 1,417,189 | $9,551,853 | |
| PAXS | PIMCO Access Income Fund | −307,915 | 439,995 | $6,340,327 | |
| PDO | PIMCO Dynamic Income Opportunities Fund | −278,681 | 66,751 | $863,090 | |
| STEW | SRH Total Return Fund, Inc. | −274,227 | 107,778 | $1,843,003 | |
| BTX | BlackRock Technology & Private Equity Term Trust | −262,442 | 280,753 | $1,852,969 | |
| CXH | Mfs Investment Grade Municipal Trust | −219,017 | 23,409 | $187,037 | |
| SDHY | PGIM Short Duration High Yield Opportunities Fund | −216,376 | 113,577 | $1,819,503 | |
| OXLC | Oxford Lane Capital Corp. | −176,927 | 222,539 | $2,176,431 | |
| DSM | Bny Mellon Strategic Municipal Bond Fund, Inc. | −176,159 | 164,932 | $991,241 | |
| JFR | Nuveen Floating Rate Income Fund | −163,662 | 713,294 | $5,363,970 | |
| TBLD | Thornburg Income Builder Opportunities Trust | −162,255 | 69,502 | $1,469,619 | |
| MSD | Morgan Stanley Emerging Markets Debt Fund Inc | −150,477 | 172,416 | $1,210,360 | |
| PCQ | Pimco California Municipal Income Fund | −141,975 | 79,226 | $679,759 | |
| BSTZ | BlackRock Science & Technology Term Trust | −132,504 | 82,672 | $1,831,184 | |
| BGX | Blackstone Long-Short Credit Income Fund | −115,183 | 117,867 | $1,284,750 | |
| RFMZ | RiverNorth Flexible Municipal Income Fund II, Inc. | −89,852 | 229,634 | $2,904,870 | |
| CXE | Mfs High Income Municipal Trust | −78,253 | 88,443 | $328,123 | |
| DPG | Duff & Phelps Utility & Infrastructure Fund Inc. | −77,980 | 391,497 | $5,653,216 | |
| MFM | Mfs Municipal Income Trust | −75,638 | 61,837 | $333,301 | |
| CCIF | Carlyle Credit Income Fund | −74,874 | 126,239 | $405,227 | |
| MMD | NYLI MacKay DefinedTerm Muni Opportunities Fund | −52,830 | 44,396 | $659,280 | |
| PDX | PIMCO Dynamic Income Strategy Fund | −52,373 | 1,253,348 | $27,648,856 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
14 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HERZ | Herzfeld Credit Income Fund, Inc | 807,215 | $12,511,832 | |
| NML | Neuberger Energy Infrastructure & Income Fund Inc. | 323,526 | $3,400,258 | |
| KYN | Kayne Anderson Energy Infrastructure Fund, Inc. | 234,136 | $3,343,462 | |
| BGR | BlackRock Energy & Resources Trust | 181,116 | $3,135,117 | |
| BCX | BlackRock Resources & Commodities Strategy Trust | 216,752 | $2,611,861 | |
| SPXX | Nuveen S&P 500 Dynamic Overwrite Fund | 149,092 | $2,395,908 | |
| DXYZ | Destiny Tech100 Inc. | 82,806 | $2,217,544 | |
| PNI | Pimco New York Municipal Income Fund II | 75,124 | $514,599 | |
| CEF | Sprott Physical Gold & Silver Trust | 8,000 | $381,760 | |
| SSSS | Suro Capital Corp. | 32,518 | $348,267 | |
| HQL | abrdn Life Sciences Investors | 11,076 | $180,206 | |
| DTF | Dtf Tax-Free Income 2028 Term Fund Inc | 13,654 | $156,338 | |
| WIW | Western Asset Inflation-Linked Opportunities & Income Fund | 6,546 | $55,379 | |
| GGN | GAMCO Global Gold, Natural Resources & Income Trust | 1,489 | $7,921 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
17 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| XFLT | XAI Octagon Floating Rate & Alternative Income Trust | 638,082 | $15,313,968 | |
| NBXG | Neuberger Next Generation Connectivity Fund Inc. | 412,390 | $5,954,911 | |
| DIAX | Nuveen Dow 30sm Dynamic Overwrite Fund | 183,190 | $2,795,479 | |
| JQC | Nuveen Credit Strategies Income Fund | 531,122 | $2,666,232 | |
| NCV | Virtus Convertible & Income Fund | 174,319 | $2,640,932 | |
| CMU | Mfs High Yield Municipal Trust | 558,611 | $1,960,724 | |
| ECC | Eagle Point Credit Co | 124,736 | $718,479 | |
| GNT | GAMCO Natural Resources, Gold & Income Trust | 90,459 | $673,919 | |
| LEO | Bny Mellon Strategic Municipals, Inc. | 94,265 | $599,525 | |
| VFL | abrdn National Municipal Income Fund | 35,909 | $368,785 | |
| FMN | Federated Hermes Premier Municipal Income Fund | 29,727 | $330,266 | |
| NBH | Neuberger Municipal Fund Inc. | 32,348 | $327,361 | |
| DMB | BNY Mellon Municipal Bond Infrastructure Fund, Inc. | 23,503 | $258,297 | |
| SPMC | Sound Point Meridian Capital, Inc. | 13,720 | $188,650 | |
| IIF | Morgan Stanley India Investment Fund, Inc. | 391 | $9,767 | |
| GF | New Germany Fund Inc | 689 | $7,868 | |
| AOD | abrdn Total Dynamic Dividend Fund | 590 | $5,752 | |
| No positions match the current search. | ||||
95 positions ·
$247,853,234 total
· as of Mar 31, 2026
Showing 1–50
of 95 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| FSSL |
FS Specialty Lending Fund
|
Added | 2,808,727 | $35,137,174 | 14.18% | |
| PDX |
PIMCO Dynamic Income Strategy Fund
Financial Services
|
Reduced | 1,253,348 | $27,648,856 | 11.16% | |
| FSCO |
FS Credit Opportunities Corp.
Financial Services
|
Added | 3,679,935 | $18,767,668 | 7.57% | |
| HFRO |
Highland Opportunities & Income Fund
Financial Services
|
Added | 2,715,661 | $15,506,424 | 6.26% | |
| HERZ |
Herzfeld Credit Income Fund, Inc
Financial Services
|
NEW | 807,215 | $12,511,832 | 5.05% | |
| GOF |
Guggenheim Strategic Opportunities Fund
Financial Services
|
Added | 1,015,400 | $11,189,708 | 4.51% | |
| BRW |
Saba Capital Income & Opportunities Fund
Financial Services
|
Reduced | 1,417,189 | $9,551,853 | 3.85% | |
| ASA |
ASA Gold & Precious Metals Ltd
Financial Services
|
Reduced | 125,885 | $7,808,646 | 3.15% | |
| SABA |
Saba Capital Income & Opportunities Fund II
Financial Services
|
Reduced | 774,518 | $6,443,989 | 2.60% | |
| PAXS |
PIMCO Access Income Fund
Financial Services
|
Reduced | 439,995 | $6,340,327 | 2.56% | |
| BPRE |
Bluerock Private Real Estate Fund
Financial Services
|
Reduced | 362,504 | $6,021,191 | 2.43% | |
| DPG |
Duff & Phelps Utility & Infrastructure Fund Inc.
Financial Services
|
Reduced | 391,497 | $5,653,216 | 2.28% | |
| JFR |
Nuveen Floating Rate Income Fund
Financial Services
|
Reduced | 713,294 | $5,363,970 | 2.16% | |
| RA |
Brookfield Real Assets Income Fund Inc.
Financial Services
|
Reduced | 340,641 | $4,380,643 | 1.77% | |
| EIC |
Eagle Point Income Co Inc.
Financial Services
|
Added | 394,000 | $3,719,360 | 1.50% | |
| NML |
Neuberger Energy Infrastructure & Income Fund Inc.
Financial Services
|
NEW | 323,526 | $3,400,258 | 1.37% | |
| KYN |
Kayne Anderson Energy Infrastructure Fund, Inc.
Financial Services
|
NEW | 234,136 | $3,343,462 | 1.35% | |
| BGR |
BlackRock Energy & Resources Trust
Financial Services
|
NEW | 181,116 | $3,135,117 | 1.26% | |
| EMO |
ClearBridge Energy Midstream Opportunity Fund Inc.
Financial Services
|
Added | 59,023 | $3,117,594 | 1.26% | |
| PTY |
Pimco Corporate & Income Opportunity Fund
Financial Services
|
Added | 249,976 | $3,014,710 | 1.22% | |
| RFMZ |
RiverNorth Flexible Municipal Income Fund II, Inc.
Financial Services
|
Reduced | 229,634 | $2,904,870 | 1.17% | |
| TWN |
Taiwan Fund Inc
Financial Services
|
Reduced | 41,499 | $2,728,144 | 1.10% | |
| PDI |
PIMCO Dynamic Income Fund
Financial Services
|
Added | 154,860 | $2,649,654 | 1.07% | |
| BCX |
BlackRock Resources & Commodities Strategy Trust
Financial Services
|
NEW | 216,752 | $2,611,861 | 1.05% | |
| STK |
Columbia Seligman Premium Technology Growth Fund, Inc.
Financial Services
|
Added | 66,224 | $2,511,876 | 1.01% | |
| FINS |
Angel Oak Financial Strategies Income Term Trust
Financial Services
|
Reduced | 193,430 | $2,466,232 | 1.00% | |
| SPXX |
Nuveen S&P 500 Dynamic Overwrite Fund
Financial Services
|
NEW | 149,092 | $2,395,908 | 0.97% | |
| DXYZ |
Destiny Tech100 Inc.
Financial Services
|
NEW | 82,806 | $2,217,544 | 0.89% | |
| OXLC |
Oxford Lane Capital Corp.
Financial Services
|
Reduced | 222,539 | $2,176,431 | 0.88% | |
| LDP |
Cohen & Steers Ltd Duration Preferred & Income Fund, Inc.
Financial Services
|
Reduced | 103,791 | $2,072,706 | 0.84% | |
| MEGI |
NYLI CBRE Global Infrastructure Megatrends Term Fund
Financial Services
|
Added | 130,723 | $1,920,320 | 0.77% | |
| GAM |
General American Investors Co Inc
Financial Services
|
Added | 32,661 | $1,909,688 | 0.77% | |
| BTX |
BlackRock Technology & Private Equity Term Trust
Financial Services
|
Reduced | 280,753 | $1,852,969 | 0.75% | |
| STEW |
SRH Total Return Fund, Inc.
Financial Services
|
Reduced | 107,778 | $1,843,003 | 0.74% | |
| BSTZ |
BlackRock Science & Technology Term Trust
Financial Services
|
Reduced | 82,672 | $1,831,184 | 0.74% | |
| SDHY |
PGIM Short Duration High Yield Opportunities Fund
Financial Services
|
Reduced | 113,577 | $1,819,503 | 0.73% | |
| CET |
Central Securities Corp
Financial Services
|
Reduced | 36,505 | $1,812,838 | 0.73% | |
| TBLD |
Thornburg Income Builder Opportunities Trust
Financial Services
|
Reduced | 69,502 | $1,469,619 | 0.59% | |
| GDV |
Gabelli Dividend & Income Trust
Financial Services
|
Reduced | 51,278 | $1,380,916 | 0.56% | |
| JLS |
Nuveen Mortgage & Income Fund/MA/
Financial Services
|
Reduced | 72,639 | $1,316,945 | 0.53% | |
| BGX |
Blackstone Long-Short Credit Income Fund
Financial Services
|
Reduced | 117,867 | $1,284,750 | 0.52% | |
| DMO |
Western Asset Mortgage Opportunity Fund Inc.
Financial Services
|
Reduced | 114,887 | $1,235,035 | 0.50% | |
| MSD |
Morgan Stanley Emerging Markets Debt Fund Inc
Financial Services
|
Reduced | 172,416 | $1,210,360 | 0.49% | |
| BTT |
BlackRock Municipal 2030 Target Term Trust
Financial Services
|
Reduced | 49,066 | $1,113,798 | 0.45% | |
| DSM |
Bny Mellon Strategic Municipal Bond Fund, Inc.
Financial Services
|
Reduced | 164,932 | $991,241 | 0.40% | |
| PDO |
PIMCO Dynamic Income Opportunities Fund
Financial Services
|
Reduced | 66,751 | $863,090 | 0.35% | |
| EDD |
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Financial Services
|
Added | 136,584 | $692,480 | 0.28% | |
| PCQ |
Pimco California Municipal Income Fund
Financial Services
|
Reduced | 79,226 | $679,759 | 0.27% | |
| EMD |
Western Asset Emerging Markets Debt Fund Inc.
Financial Services
|
Added | 68,384 | $671,530 | 0.27% | |
| MMD |
NYLI MacKay DefinedTerm Muni Opportunities Fund
Financial Services
|
Reduced | 44,396 | $659,280 | 0.27% |