Thomas J. Herzfeld Advisors, Inc. Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$295.6B

Holdings

107

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (107 positions)

#StockSharesValue% PortfolioType
1
FSSLFS SPECIALTY LENDING FD
2,050,866$29.0B9.81%
2
PDXPIMCO DYNAMIC INCOME STRATEG
1,305,721$24.5B8.30%
3
HFROHIGHLAND OPPS & INCOME FD
2,457,285$14.7B4.97%
4
SABASABA CAPITAL INCOME & OPPORT
1,590,092$13.1B4.44%
5
HERZHERZFELD CREDIT INCOME FUND
5,841,928$13.0B4.39%
6
BRWSABA CAPITAL INCOME & OPRNT
1,834,714$12.9B4.35%
7
BPREBLUEROCK PVT REAL ESTATE FD
854,779$12.8B4.34%
8
FSCOFS CREDIT OPPORTUNITIES CORP
1,899,781$12.0B4.05%
9
GOFGUGGENHEIM STRATEGIC OPPORTU
927,245$11.9B4.04%
10
PAXSPIMCO ACCESS INCOME FUND
747,910$11.4B3.87%
11
RABROOKFIELD REAL ASSETS INCOM
772,267$10.0B3.39%
12
ASAASA GOLD AND PRECIOUS MTLS L
134,342$8.0B2.71%
13
STEWSRH TOTAL RETURN FUND INC
382,005$7.1B2.40%
14
JFRNUVEEN FLOATING RATE INCOME
876,956$6.9B2.32%
15
DPGDUFF & PHELPS UTLITY AND INF
469,477$6.0B2.02%
16
NBXGNEUBERGER NEXT GENERATION
412,390$6.0B2.01%
17
OXLCOXFORD LANE CAP CORP
399,466$5.8B1.98%
18
SDHYPGIM SHORT DUR HIG YLD OPP F
329,953$5.4B1.84%
19
BSTZBLACKROCK SCIENCE & TECHNOLO
215,176$4.9B1.65%
20
PDOPIMCO DYNAMIC INCOME OPRNTS
345,432$4.8B1.62%
21
TBLDTHORNBURG INCM BUILDER OPP T
231,757$4.7B1.58%
22
TWNTAIWAN FD INC
82,666$4.4B1.49%
23
RFMZRIVERNORTH FLEXIBLE MUNI INC
319,486$4.0B1.37%
24
BTXBLACKROCK TECH AND PRIVATE E
543,195$3.6B1.21%
25
EICEAGLE POINT INCOME COMPANY I
310,811$3.5B1.20%
26
XFLTXAI OCTAGN FLT RAT & ALT INM
638,082$3.1B1.04%
27
FINSANGEL OAK FINL STRATEGIES IN
216,513$2.9B0.97%
28
DIAXNUVEEN DOW 30 DYNMC OVERWRT
183,190$2.8B0.95%
29
CETCENTRAL SECS CORP
54,569$2.8B0.94%
30
BGXBLACKSTONE LONG SHORT CR INC
233,050$2.7B0.92%
31
PDIPIMCO DYNAMIC INCOME FD
152,852$2.7B0.92%
32
XJQCXNUVEEN CR STRATEGIES INCOME
531,122$2.7B0.90%
33
NCVVIRTUS CONVERTIBLE & INCOME
174,319$2.6B0.89%
34
LDPCOHEN & STEERS LTD DURATION
124,038$2.6B0.89%
35
MSDMORGAN STANLEY EMKT DBT FD I
322,893$2.4B0.81%
36
DSMBNY MELLON STRATEGIC MUN BD
341,091$2.1B0.71%
37
CMUMFS HIGH YIELD MUN TR
558,611$2.0B0.66%
38
CEFSEXCHANGE LISTED FDS TR
84,021$1.9B0.65%
39
XPCQXPIMCO CALIF MUN INCOME FD
221,201$1.9B0.65%
40
CXHMFS INVT GRADE MUN TR
242,426$1.9B0.65%
41
XGDVXGABELLI DIVID & INCOME TR
68,091$1.9B0.64%
42
MEGINYLI CBRE GBL INFR MEGTRNDS
113,493$1.6B0.53%
43
JLSNUVEEN MORTGAGE AND INCOME F
80,720$1.5B0.50%
44
MMDNYLI MACKAY DEFINEDTERM MUNI
97,226$1.4B0.49%
45
DMOWESTERN ASSET MTG DEFINED OP
121,852$1.3B0.46%
46
BTTBLACKROCK MUN TARGET TERM TR
49,685$1.1B0.38%
47
CCIFCARLYLE CREDIT INCOME FUND
201,113$943.0M0.32%
48
MFMMFS MUN INCOME TR
137,475$746.0M0.25%
49
PTYPIMCO CORPORATE & INCOME OPP
55,818$720.0M0.24%
50
ECCEAGLE POINT CREDIT COMPANY I
124,736$718.0M0.24%
51
GNTGAMCO NAT RES GOLD & INCOME
90,459$673.0M0.23%
52
CXEMFS HIGH INCOME MUN TR
166,696$616.0M0.21%
53
LEOBNY MELLON STRATEGIC MUNS IN
94,265$599.0M0.20%
54
GQ9SPDR GOLD TR
1,398$554.0M0.19%
55
MVTBLACKROCK MUNIVEST FD II INC
46,375$501.0M0.17%
56
VFLABRDN NATL MUN INCOME FD
35,909$368.0M0.12%
57
FMNFEDERATED HERMES PREM MUNI I
29,727$330.0M0.11%
58
NBHNEUBERGER MUN FD INC
32,348$327.0M0.11%
59
SPYSPDR S&P 500 ETF TR
390$265.0M0.09%
60
DMBBNY MELLON MUN BD INFRASTRUC
23,503$258.0M0.09%
61
TFLOISHARES TR
4,469$225.0M0.08%
62
STKCOLUMBIA SELIGM PREM TECH GR
5,834$214.0M0.07%
63
SPMCSOUND POINT MERIDIAN CAP INC
13,720$188.0M0.06%
64
NDQINVESCO QQQ TR
270$165.0M0.06%
65
NFLXNETFLIX INC
1,000$93.0M0.03%
66
MDYSPDR S&P MIDCAP 400 ETF TR
150$90.0M0.03%
67
TMCTMC THE METALS COMPANY INC
12,911$79.0M0.03%
68
METAMETA PLATFORMS INC
100$66.0M0.02%
69
EMOCLEARBRIDGE ENERGY MIDSTRM O
1,016$45.0M0.02%
70
FXYINVESCO CURRENCYSHARES JAPAN
600$35.0M0.01%
71
FPFFIRST TR INTER DURATN PFD &
1,792$33.0M0.01%
72
PFOFLAHERTY & CRUMRINE PFD INCO
3,345$31.0M0.01%
73
ANGXANGEL STUDIOS INC
5,699$26.0M0.01%
74
KFKOREA FD INC
602$21.0M0.01%
75
JOFJAPAN SMALLER CAPITALIZATION
1,851$20.0M0.01%
76
MXEMEXICO EQUITY & INCOME FD
1,380$17.0M0.01%
77
EEAEUROPEAN EQUITY FD INC
1,681$17.0M0.01%
78
XEMDXWESTERN ASSET EMERGING MKTS
1,554$16.0M0.01%
79
NPWR/WSNET POWER INC
32,771$16.0M0.01%
80
TDFTEMPLETON DRAGON FD INC
1,416$15.0M0.01%
81
MXFMEXICO FD INC
770$15.0M0.01%
82
NMAINUVEEN MULTI ASSET INCOME FU
1,096$14.0M0.00%
83
AEFABRDN EMERGING MARKETS EX CH
2,124$14.0M0.00%
84
AIRJWAIRJOULE TECHNOLOGIES CORP
15,307$13.0M0.00%
85
SVXYPROSHARES TR II
220$12.0M0.00%
86
EMFTEMPLETON EMERGING MKTS FD
660$11.0M0.00%
87
EDFVIRTUS STONE HBR EMRG MKTS I
2,052$10.0M0.00%
88
PGZPRINCIPAL REAL ESTATE INCOME
992$9.0M0.00%
89
IIFMORGAN STANLEY INDIA INVT FD
391$9.0M0.00%
90
TSITCW STRATEGIC INCOME FD INC
2,000$9.0M0.00%
91
CLMCORNERSTONE STRATEGIC INVEST
1,060$8.0M0.00%
92
GFNEW GERMANY FD INC
689$7.0M0.00%
93
GAMGENERAL AMERN INVS CO INC
124$7.0M0.00%
94
ADXADAMS DIVERSIFIED EQUITY FD
308$7.0M0.00%
95
QQQXNUVEEN NASDAQ 100 DYNAMIC OV
221$6.0M0.00%
96
EDDMORGAN STANLEY EMERGING MKTS
1,185$6.0M0.00%
97
TYTRI CONTL CORP
194$6.0M0.00%
98
BDJBLACKROCK ENHANCED EQUITY DI
700$6.0M0.00%
99
RVTROYCE SMALL CAP TRUST INC
395$6.0M0.00%
100
JCENUVEEN CORE EQUITY ALPHA FD
393$6.0M0.00%
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